Document:

SYNTHEMED,
      INC.

    STOCK
      OPTION AGREEMENT

    UNDER
      THE 2006 STOCK OPTION PLAN

    

    (Incentive
      Stock Option)

    

    NOTE
      TO
      GRANTEE: SEE SECTION 13 REGARDING LACK OF ISO TREATMENT FOR CERTAIN
      POST-TERMINATION EXERCISES.

    

    AGREEMENT
      entered into as of the date set forth on the signature page hereto by and
      between SyntheMed, Inc., a Delaware corporation, with a business address of
      200
      Middlesex Essex Turnpike, Iselin, New Jersey 08830, together with its
      subsidiaries, if any, the "Company"), and the undersigned (the
      "Grantee").

    

    WHEREAS,
      the Company desires to grant to the Grantee an incentive stock option under
      the
      Company’s 2006 Stock Option Plan (the “2006 Plan”) to acquire shares of the
      Company's Common Stock, $.001 par value (the "Shares"); and

    

    WHEREAS,
      the 2006 Plan provides that each option is to be evidenced by an option
      agreement, setting forth the terms and conditions of the option.

     

    NOW
      THEREFORE, in consideration of the premises and of the mutual covenants and
      agreements contained herein, the Company and the Grantee hereby agree as
      follows:

    

    1.    Grant
      of Option.

    

    The
      Company hereby grants to the Grantee an incentive stock option (the "Option")
      under the 2006 Plan to purchase all or any part of an aggregate of the number
      of
      Shares set forth on the signature page to this Agreement on the terms and
      conditions hereinafter set forth. The Option is intended to be treated as an
      incentive stock option under Section 422 of the Internal Revenue Code of 1986,
      as amended (the "Code").

    

    2.    Purchase
      Price.

    

    The
      purchase price ("Purchase Price") for the Shares covered by the Option shall
      be
      the dollar amount per share set forth on the signature page to this
      Agreement.

    

    3.    Time
      of Vesting and Exercise of Option.

    

    Subject
      to Section 4 hereof, the Option shall vest and become exercisable on the dates
      and as to the installment amounts set forth on the signature page to this
      Agreement. To the extent the Option (or any portion thereof) is not exercised
      by
      the Grantee when it becomes exercisable, it shall not expire, but shall be
      carried forward and shall be exercisable, on a cumulative basis, until the
      Expiration Date (as hereinafter defined) or until earlier termination as
      hereinafter provided.

    

    4.    Term;
      Extent of Exercisability.

    

    The
      Option shall expire as to each installment amount on the date set forth next
      to
      each such amount on the signature page to this Agree-ment (the "Expiration
      Date"), subject to earlier termination as herein provided.

    

    (a)    Termination
      Without Cause. In the event the Grantee’s employment or service is
      terminated

      
        
          
          

        

        
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    by
      the
      Company for any reason other than “disability”, death or for “cause”
(collectively, a “Termination without cause”), the Option shall become one
      hundred percent vested and fully exercisable immediately, and shall terminate
      on
      the earlier to occur of (i) the first anniversary of the date on which the
      Grantee’s employment or service is terminated by the Company, or second
      anniversary thereof in the case of such termination during the first year of
      the
      Option’s term, and (ii) the the date of expiration of the Option term.

    

    (b)    Termination
      For Cause. In the event the Grantee’s employment or service is terminated by the
      Company for “cause”, the Option shall terminate as of the date the Grantee’s
      employment or service is terminated by the Company and the Grantee shall
      automatically forfeit all shares underlying any exercised portion of the Option
      for which the Company has not yet delivered the share certificates, upon refund
      by the Company of the Exercise Price paid by the Grantee for such
      shares.

    

    (c)    Termination
      Due to Disability. In the event the Grantee’s employment or service is
      terminated by the Company on account of Grantee’s “disability”, the Option shall
      become one hundred percent vested and fully exercisable by the Grantee
      immediately, and shall terminate on the earlier to occur of the first
      anniversary thereof or the date of expiration of the Option term.

    

    (d)    Termination
      Due to Death. If the Grantee dies while employed by or providing service to
      the
      Company, the Option shall become one hundred percent vested and fully
      exercisable by the Grantee immediately, and shall terminate on the later to
      occur of the first anniversary thereof or six months after the probate of the
      Grantee’s estate, but in any event no later than the date of expiration of the
      Option Term.

    

    (e)    Voluntary
      Termination. In the event the Grantee terminates his or her employment with
      or
      services to the Company at his or her own volition, the Option shall, unless
      the
      Committee determines otherwise, terminate on the expiration of six (6) months
      after the date on which the Grantee’s employment with or service to the Company
      is terminated, or one (1) year in the case of termination of employment or
      services during the first year of the Option term, but in no event later than
      the date of expiration of the Option term. Any portion of the Option that is
      not
      exercisable as of the date on which the Grantee’s employment with or service to
      the Company is terminated shall terminate as of such date unless the Committee
      determines otherwise.

    

    (f)    Termination
      Without Cause Upon a Change of Control. Notwithstanding the provisions of
      Section 4(a) above, if the Grantee’s employment or service is terminated by the
      Company on account of a “termination without cause” during the one year period
      following a Change of Control, as such term is defined in the 2006 Plan, the
      Option shall become one hundred percent vested and fully exercisable for the
      two
      year period after the date on which the Grantee’s employment or service is
      terminated by the Company, but in no event later than the date of expiration
      of
      the Option term.

     

    
      	 	
              (g)

            	
              For
                purposes of this Section 4:

            

    

    

    (i)    The
      term
“Company” shall mean the Company and its parent and subsidiary corporations, or
      any successor thereto.

    

    (ii)    The
      term
“disability” shall mean a Grantee’s becoming disabled within the meaning of
      section 22(e)(3) of the Code.

    

    (iii)    The
      term
“termination for cause” shall mean, except to the extent specified otherwise by
      the Committee that the Grantee has materially breached his or her employment
      or
      service contract with the Company, or has been engaged in fraud, embezzlement,
      theft, commission of a felony in the course of his or her employment or service
      which is injurious to the Company, or has disclosed trade secrets or
      confidential information of the Company to persons not entitled to receive
      such
      information. If this clause (iii) conflicts with the definition of “Cause” or
“termination for cause” (or any similar definition) in an employment or service
      agreement between the Company and the Grantee, the terms of the employment
      or
      service agreement shall govern.

      
        
          
          

        

        
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    5.    Manner
      of Exercise of Option.

    

    (a)    To
      the
      extent that the right to exercise the Option has accrued and is in effect,
      the
      Option may be exercised in full or in part by giving written notice to the
      Company stating the number of Shares as to which the Option is being exer-cised
      and accompanied by payment in full for such Shares. No partial exercise may
      be
      made for less than one hundred (100) full Shares of Common Stock. Payment shall
      be made in accordance with the terms of the 2006 Plan. Upon such exercise,
      delivery of a certificate for paid-up, non-assessable Shares shall be made
      at
      the principal office of the Company to the person exercising the Option, not
      less than fifteen (15) and not more than forty-five (45) days from the date
      of
      receipt of the notice by the Company. 

    

    (b)    The
      Company shall at all times during the term of the Option reserve and keep
      available such number of Shares of its Common Stock as will be sufficient to
      satisfy the requirements of the Option. 

    

    6.    Non-Transferability.

    

    During
      the Grantee’s lifetime, the Option shall only be exercisable by the Grantee.The
      Option is not transferable by the Grantee except (i) by will, (ii) by the laws
      of descent and distribution or (iii) as otherwise permitted under Rule
      421-1(b)(2) promulgated under the Code (or any successor rule) and approved
      by
      the Committee. If the Grantee dies prior to termination of the Option, any
      person designated by the Grantee to exercise the Option or other person entitled
      to succeed to the rights of the Grantee (“Successor Grantee”) may exercise the
      Grantee’s rights under the Option. A Successor Grantee must furnish proof
      satisfactory to the Company of his or her right to receive the
      Option.

    

    7.    Representation
      Letter and Investment Legend.
      

    

    In
      the
      event that for any reason the Shares to be issued upon exercise of the Option
      shall not be effectively registered under the Securities Act of 1933 (" 1933
      Act"), upon any date on which the Option is exercised in whole or in part,
      the
      person exercising the Option shall give a written representation to the Company
      in the form attached hereto as Exhibit 1 and the Company shall place an
      "investment legend", so-called, as described in Exhibit 1, upon any certificate
      for the Shares issued by reason of such exercise. 

    

    
      	 	
              8.

            	
              Adjustments
                on Changes in Capitalization.
                

            

    

    

    Adjustments
      on changes in capitalization and the like shall be made in accordance with
      the
      2006 Plan. 

    

    9.    No
      Special Employment Rights.
      

    

    Nothing
      contained in this Option shall be construed or deemed by any person under any
      circumstances to bind the Company to continue the employment of the Grantee
      for
      the period within which this Option may be exercised or otherwise. However,
      during the period of the Grantee's employment, the Grantee shall render
      diligently and faithfully the services which are assigned to the Grantee from
      time to time by the Board of Directors or by the executive officers of the
      Company and shall at no time take any action which directly or indi-rectly
      would
      be inconsistent with the best interests of the Company. 

    

    10.    Rights
      as a Stockholder.
      

    

    The
      Grantee shall have no rights as a stockholder with respect to any Shares which
      may be purchased by exercise of this Option unless and until a certificate
      or
      certificates representing such Shares are duly issued and delivered to the
      Grantee. 

    

    11.    Notice
      of Disqualifying Disposition. 

     

    If
      the
      Grantee sells or otherwise disposes of any of the Shares acquired pursuant
      to
      the exercise of the Option on or before the later of (i) the date that is two
      years after the date of grant of the Option, and (ii) the date

      
        
          
          

        

        
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    that
      is
      one (1) year after the transfer of the Shares to the Grantee upon exercise
      of
      the Option, the Grantee shall promptly make the information regarding such
      disposition available to the Company.

     

    12.    Withholding
      of Taxes. 

     

    The
      Company shall be entitled to refrain form issuing any Shares upon exercise
      of
      the Option until appropriate arrangements satisfactory to the Company have
      been
      made for the payment of any tax amounts (federal, state, local or other) that
      may be required to be withheld or paid with respect thereto at the minimum
      statutory rate. The Company shall have the right to take such action as may
      be
      necessary or appropriate to satisfy any such tax obligations including, without
      limitation, deducting the same from any other remuneration owing to the Grantee.
      The Company may, in its sole discretion and in accordance with procedures it
      may
      establish, permit the Grantee to satisfy any such tax obligation through
      election to withhold Shares purchased upon exercise of the Option or by delivery
      to the Company of already owned shares of Common Stock. The Grantee acknowledges
      that if he or she is subject to Section 16 of the Securities Exchange Act of
      1934, payment of taxes in such manner may be deemed under Section 16 to be
      non-exempt “sales” of the shares so withheld or delivered unless approved in
      advance by the Board of Directors or by the Committee. 

     

    13.    No
      Guarantee of Tax Consequences; Lack of ISO treatment for Certain
      Exercises.

     

    The
      Company makes no representation, commitment or guarantee that any federal or
      state tax treatment will apply or be available to any person eligible for the
      benefits under the Option. Under Federal income tax rules in effect on the
      grant
      date, the exercise of incentive stock options will not result in taxable income
      to the grantee provided that the grantee was, without a break in service, an
      employee of the grantor company or a subsidiary during the period beginning
      on
      the date of grant and ending on the date three months prior to the date of
      exercise (or one year prior to the date of exercise if the grantee is deceased
      or disabled). Under certain circumstances, this Option permits exercise for
      limited periods of time after such three-month period. If
      the Option is exercised after such three-month period, it will not be considered
      an incentive stock option and the exercise will generally result in recognition
      of taxable income. The Grantee is advised to obtain tax advice regarding the
      exercise of the Option and sale of the underlying stock.

    

     

    14.    2006
      Plan.
      

     

    The
      Option is granted pursuant to the 2006 Plan and the Option and this Agreement
      are subject to the provisions of the 2006 Plan, which is hereby incorporated
      herein and is made a part hereof. By execution of this Agreement, the Grantee
      agrees to be bound by all of the terms, provisions, conditions and limitations
      of the 2006 Plan as implemented by the Option and this Agreement, together
      with
      all rules and determinations from time to time issued by the Board of Directors
      or Committee pursuant to the 2006 Plan. 

     

    

    

    [SIGNATURE
      PAGE FOLLOWS]

      
        
          
          

        

        
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    IN
      WITNESS WHEREOF, the Company has caused this Agreement to be exe-cuted, and
      the
      Grantee has hereunto set his or her hand, all as of the day of .

    

    SYNTHEMED,
      INC.

     

     

    By:
      
      
        

      

    

    Title:

    

    

    GRANTEE

     

    Print
      Name: 
      
        

      

    

     

    Sign
      Name: 
      
        

      

    

     

    Address:
      
      
        

      

       

        
          

        

      

    

     

    Social
      Security Number:

     

    
      

    

    

    

    OPTION
      INFORMATION

    

    Total
      Number of Shares Underlying Option: 

    Purchase
      Price Per Share: 

    

    VESTING
      & EXPIRATION SCHEDULE

     

    
      	
              Vesting
                Date

            	 	
              Number
                of Shares

            	 	
              Expiration
                Date

            
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

    

    

    
      
        
          
          

        

        
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    EXHIBIT
      1

    TO
      STOCK OPTION AGREEMENT

    

    Gentlemen:

    

    In
      connection with the exercise by me of an option to purchase shares of Common
      Stock, $.001 par value, of SyntheMed, Inc. (the "Company"), I hereby
      acknowl-edge that I have been informed as follows:

     

    1.    The
      shares of Common Stock of the Company to be issued to me pursuant to the
      exercise of said option (the "Shares") have not been registered under the
      Securities Act of 1933, as amended (the "Securities Act") and, accordingly,
      must
      be held indefinitely unless the Shares are subsequently regis-tered under the
      Securities Act, or an exemption from such registration is
      available.

    

    2.    Routine
      sales of securities made in reliance upon Rule 144 under the Securities Act
      can
      be made only after the holding period provided by that Rule has been satisfied,
      and, in any sale to which that Rule is not applicable, registration or
      compliance with some other exemp-tion under the Securities Act will be
      required.

    

    3.    The
      availability of Rule 144 is dependent upon adequate current public infor-mation
      with respect to the Company being available and, at the time that I may desire
      to make a sale pursuant to the Rule, the Company may neither wish nor be able
      to
      comply with such requirement.

    

    In
      consideration of the issuance of certificates for the Shares to me, I hereby
      represent and warrant that I am acquiring the Shares for my own account for
      investment, and that I will not sell, pledge or transfer the Shares in the
      absence of an effective registration state-ment covering the same, except as
      permitted by the provisions of Rule 144, if applicable, or some other applicable
      exemption under the Securities Act. In view of this representation and warranty,
      I agree that there may be affixed to the certificates for the Shares to be
      issued to me, and to all certificates issued hereafter representing the Shares
      (until in the opinion of counsel, which opinion must be reasonably satisfactory
      in form and substance to counsel for the Company, it is no longer necessary
      or
      required) a legend as follows:

    

    
      	 	
              "The
                securities represented by this certificate have not been registered
                under
                the Securities Act of 1933, as amended, and were acquired by the
                registered holder pursuant to a representation and warranty that
                such
                holder was acquir-ing the Shares for his own account and for investment,
                with no intention of transfer or disposition of the same in violation
                of
                the registration requirements of that Act. These securities may not
                be
                sold, pledged, or transferred in the absence of an effective registration
                statement under such Act, or an opinion of counsel, which opinion
                is
                reasonably satisfactory to counsel to the Company, to the effect
                that
                registration is not required under such
                Act."

            

    

    

    I
      further
      agree that the Company may place a stop transfer order with its transfer agent,
      prohibiting the transfer of the Shares, so long as the legend remains on the
      certificates represent-ing the Shares.

    

    Very
      truly yours,

    

    

    

    

    Dated:
      _____________

    
      
        
        

      

      
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    SYNTHEMED,
      INC.

    STOCK
      OPTION AGREEMENT

    UNDER
      THE 2006 STOCK OPTION PLAN

    

    (Non-Qualified
      Stock Option)

     

    AGREEMENT
      entered into as of the date set forth on the signature page hereto by and
      between SyntheMed, Inc., a Delaware corporation, with a business address of
      PO
      Box 219, Little Silver, New Jersey (together with its subsidiaries, if any,
      the
      "Company"), and the undersigned (the "Grantee").

    

    WHEREAS,
      the Company desires to grant to the Grantee a non-qualified stock option under
      the Company’s 2006 Stock Option Plan (the “2006 Plan”) to acquire shares of the
      Company's Common Stock, $.001 par value (the "Shares"); and

    

    WHEREAS,
      the 2006 Plan provides that each option is to be evidenced by an option
      agreement, setting forth the terms and conditions of the option.

     

    NOW
      THEREFORE, in consideration of the premises and of the mutual covenants and
      agreements contained herein, the Company and the Grantee hereby agree as
      follows:

    

    1.    Grant
      of Option.

    

    The
      Company hereby grants to the Grantee a non-qualified stock option (the "Option")
      under the 2006 Plan to purchase all or any part of an aggregate of the number
      of
      Shares set forth on the signature page to this Agreement on the terms and
      conditions hereinafter set forth. The Option shall NOT be treated as an
      incentive stock option under Section 422 of the Internal Revenue Code of 1986,
      as amended (the "Code").

    

    2.    Purchase
      Price.

    

    The
      purchase price ("Purchase Price") for the Shares covered by the Option shall
      be
      the dollar amount per share set forth on the signature page to this
      Agreement.

    

    3.    Time
      of Vesting and Exercise of Option.

    

    Subject
      to Section 4 hereof, the Option shall vest and become exercisable on the dates
      and as to the installment amounts set forth on the signature page to this
      Agreement. To the extent the Option (or any portion thereof) is not exercised
      by
      the Grantee when it becomes exercisable, it shall not expire, but shall be
      carried forward and shall be exercisable, on a cumulative basis, until the
      Expiration Date (as hereinafter defined) or until earlier termination as
      hereinafter provided.

    

    4.    Term;
      Extent of Exercisability.

    

    The
      Option shall expire as to each installment amount on the date set forth next
      to
      each such amount on the signature page to this Agree-ment (the "Expiration
      Date"), subject to earlier termination as herein provided.

    

    (a)    Termination
      Without Cause. In the event the Grantee’s employment or service is terminated by
      the Company for any reason other than “disability”, death or for “cause”
(collectively, a “Termination without cause”), the Option shall become one
      hundred percent vested and fully exercisable immediately, and shall terminate
      on
      the earlier to occur of (i) the first anniversary of the date on which the
      Grantee’s employment or service is terminated by the Company, or second
      anniversary thereof in the case of such termination during the first year of
      the
      Option’s term,

      
        
          
          

        

        
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    and
      (ii)
      the date of expiration of the Option term. 

    

    (b)    Termination
      For Cause. In the event the Grantee’s employment or service is terminated by the
      Company for “cause”, the Option shall terminate as of the date the Grantee’s
      employment or service is terminated by the Company and the Grantee shall
      automatically forfeit all shares underlying any exercised portion of the Option
      for which the Company has not yet delivered the share certificates, upon refund
      by the Company of the Exercise Price paid by the Grantee for such
      shares.

    

    (c)    Termination
      Due to Disability. In the event the Grantee’s employment or service is
      terminated by the Company on account of Grantee’s “disability”, the Option shall
      become one hundred percent vested and fully exercisable by the Grantee
      immediately, and shall terminate on the earlier to occur of the first
      anniversary thereof or the date of expiration of the Option term.

     

    (d)    Termination
      Due to Death. In the event of the death of the Grantee, the Option shall become
      one hundred percent vested and fully exercisable by the Grantee immediately,
      and
      shall terminate on the earlier to occur of the first anniversary thereof or
      six
      months after the probate of the Grantee’s estate, but in any event no later than
      the date of expiration of the Option term.

    

    (e)    Voluntary
      Termination. In the event the Grantee terminates his or her employment with
      or
      services to the Company at his or her own volition, the Option shall, unless
      the
      Committee determines otherwise, terminate on the expiration of six (6) months
      after the date on which the Grantee’s employment with or service to the Company
      is terminated, or one (1) year in the case of termination of employment or
      services during the first year of the Option term, but in no event later than
      the date of expiration of the Option term. Any portion of the Option that is
      not
      exercisable as of the date on which the Grantee’s employment with or service to
      the Company is terminated shall terminate as of such date unless the Committee
      determines otherwise.

    

    (f)    Termination
      Without Cause Upon a Change of Control. Notwithstanding the provisions of
      Section 4(a) above, if the Grantee’s employment or service is terminated by the
      Company on account of a “termination without cause” during the one year period
      following a Change of Control, as such term is defined in the 2006 Plan, the
      Option shall become one hundred percent vested and fully exercisable for the
      two
      year period after the date on which the Grantee’s employment or service is
      terminated by the Company, but in no event later than the date of expiration
      of
      the Option term.

    

    (g)    For
      purposes of this Section 4:

    

    (i)    The
      term
“Company” shall mean the Company and its parent and subsidiary corporations, or
      any successor thereto.

    

    (ii)    The
      term
“disability” shall mean a Grantee’s becoming disabled within the meaning of
      section 22(e)(3) of the Code.

    

    (iii)    The
      term
“termination for cause” shall mean, except to the extent specified otherwise by
      the Committee that the Grantee has materially breached his or her employment
      or
      service contract with the Company, or has been engaged in fraud, embezzlement,
      theft, commission of a felony in the course of his or her employment or service
      which is injurious to the Company, or has disclosed trade secrets or
      confidential information of the Company to persons not entitled to receive
      such
      information. If this clause (iii) conflicts with the definition of “Cause” or
“termination for cause” (or any similar definition) in an employment or service
      agreement between the Company and the Grantee, the terms of the employment
      or
      service agreement shall govern.

    

    5.    Manner
      of Exercise of Option.

    

    (a)    To
      the extent
      that the right to exercise the Option has accrued and is in effect, the
      Option

      
        
          
          

        

        
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    may
      be
      exercised in full or in part by giving written notice to the Company stating
      the
      number of Shares as to which the Option is being exer-cised and accompanied
      by
      payment in full for such Shares. No partial exercise may be made for less than
      one hundred (100) full Shares of Common Stock. Payment shall be made in
      accordance with the terms of the 2006 Plan. Upon such exercise, delivery of
      a
      certificate for paid-up, non-assessable Shares shall be made at the principal
      office of the Company to the person exercising the Option, not less than fifteen
      (15) and not more than forty-five (45) days from the date of receipt of the
      notice by the Company. 

    

    (b)    The
      Company shall at all times during the term of the Option reserve and keep
      available such number of Shares of its Common Stock as will be sufficient to
      satisfy the requirements of the Option. 

     

    6.    Non-Transferability.

    

    Except
      as
      provided below, only the Grantee or his or her authorized representative may
      exercise rights under the Option. The Grantee may not transfer the Option except
      (i) by will, (ii) by the laws of descent and distribution, (iii) to the Company
      (as contemplated by Rule 16b-3 of the Exchange Act, (iv) pursuant to a domestic
      relations order (as defined under the Code or Title I of the Employee Retirement
      Income Security Act of 1974, as amended, or the regulations thereunder), or
      (v)
      as otherwise permitted by the Committee. If the Grantee dies prior to
      termination of the Option, any person designated by the Grantee to exercise
      the
      Option or other person entitled to succeed to the rights of the Grantee
      (“Successor Grantee”) may exercise the Grantee’s rights under the Option. A
      Successor Grantee must furnish proof satisfactory to the Company of his or
      her
      right to receive the Option.

    

    7.    Representation
      Letter and Investment Legend.
      

    

    In
      the
      event that for any reason the Shares to be issued upon exercise of the Option
      shall not be effectively registered under the Securities Act of 1933 (" 1933
      Act"), upon any date on which the Option is exercised in whole or in part,
      the
      person exercising the Option shall give a written representation to the Company
      in the form attached hereto as Exhibit 1 and the Company shall place an
      "investment legend", so-called, as described in Exhibit 1, upon any certificate
      for the Shares issued by reason of such exercise. 

    

    
      	 	
              8.

            	
              Adjustments
                on Changes in Capitalization.
                

            

    

    

    Adjustments
      on changes in capitalization and the like shall be made in accordance with
      the
      2006 Plan. 

    

    9.    No
      Special Employment Rights.
      

    

    The
      provisions of this Section 9 are applicable only to Grantees who are employ-ees
      of the Company. Nothing contained in this Option shall be construed or deemed
      by
      any person under any circumstances to bind the Company to continue the
      employment of the Grantee for the period within which this Option may be
      exercised. However, during the period of the Grantee's employment, the Grantee
      shall render diligently and faithfully the services which are assigned to the
      Grantee from time to time by the Board of Directors or by the executive officers
      of the Company and shall at no time take any action which directly or
      indi-rectly would be inconsistent with the best interests of the Company.

    

    10.    Rights
      as a Stockholder.
      

    

    The
      Grantee shall have no rights as a stockholder with respect to any Shares which
      may be purchased by exercise of this Option unless and until a certificate
      or
      certificates representing such Shares are duly issued and delivered to the
      Grantee.

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    

    11.    Withholding
      Taxes.
      

     

    The
      Company shall be entitled to refrain form issuing any Shares upon exercise
      of
      the Option until appropriate arrangements satisfactory to the Company have
      been
      made for the payment of any tax amounts (federal, state, local or other) that
      may be required to be withheld or paid with respect thereto at the minimum
      statutory rate. The Company shall have the right to take such action as may
      be
      necessary or appropriate to satisfy any such tax obligations including, without
      limitation, deducting the same from any other remuneration owing to the Grantee.
      The Company may, in its sole discretion and in accordance with procedures it
      may
      establish, permit the Grantee to satisfy any such tax obligation through
      election to withhold Shares purchased upon exercise of the Option or by delivery
      to the Company of already owned shares of Common Stock. The Grantee acknowledges
      that if he or she is subject to Section 16 of the Securities Exchange Act of
      1934, payment of taxes in such manner may be deemed under Section 16 to be
      non-exempt “sales” of the shares so withheld or delivered unless approved in
      advance by the Board of Directors or by the Committee. 

     

    12.    No
      Guarantee of Tax Consequences.

     

     The
      Company makes no representation, commitment or guarantee that any federal or
      state tax treatment will apply or be available to any person eligible for the
      benefits under the Option. 

    

    13.    2006
      Plan.
      

     

    The
      Option is granted pursuant to the 2006 Plan and the Option and this Agreement
      are subject to the provisions of the 2006 Plan, which is hereby incorporated
      herein and is made a part hereof. By execution of this Agreement, the Grantee
      agrees to be bound by all of the terms, provisions, conditions and limitations
      of the 2006 Plan as implemented by the Option and this Agreement, together
      with
      all rules and determinations from time to time issued by the Board of Directors
      or Committee pursuant to the 2006 Plan. 

     

     

    [SIGNATURE
      PAGE FOLLOWS]

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

    IN
      WITNESS WHEREOF, the Company has caused this Agreement to be exe-cuted, and
      the
      Grantee has hereunto set his or her hand, all as of _______________10th
      day of
      May, 2006.

    

    
      SYNTHEMED,
        INC.

       

       

      By:
        
        
          

        

      

      Title:
        President and CEO

      

      

      GRANTEE

       

      Print
        Name: 
        
          

        

      

       

      Sign
        Name: 
        
          

        

      

       

      Address:
        
        
          

        

         

          
            

          

        

      

       

      Social
        Security Number:

       

      
        

      

      

      

      OPTION
        INFORMATION

      

      Total
        Number of Shares Underlying Option: 

      Purchase
        Price Per Share: 

      

      VESTING
        & EXPIRATION SCHEDULE

       

      
        	
                Vesting
                  Date

              	 	
                Number
                  of Shares

              	 	
                Expiration
                  Date

              
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

      

      

      
        
          
            
            

          

          
            11

            
              

            

          

          
            
            

          

        

      

       

      EXHIBIT
        1

    

    TO
      STOCK OPTION AGREEMENT

    

    Gentlemen:

    

    In
      connection with the exercise by me of an option to purchase shares of Common
      Stock, $.001 par value, of SyntheMed, Inc. (the "Company"), I hereby
      acknowl-edge that I have been informed as follows:

     

    1.    The
      shares of Common Stock of the Company to be issued to me pursuant to the
      exercise of said option (the "Shares") have not been registered under the
      Securities Act of 1933, as amended (the "Securities Act") and, accordingly,
      must
      be held indefinitely unless the Shares are subsequently regis-tered under the
      Securities Act, or an exemption from such registration is
      available.

    

    2.    Routine
      sales of securities made in reliance upon Rule 144 under the Securities Act
      can
      be made only after the holding period provided by that Rule has been satisfied,
      and, in any sale to which that Rule is not applicable, registration or
      compliance with some other exemp-tion under the Securities Act will be
      required.

    

    3.    The
      availability of Rule 144 is dependent upon adequate current public infor-mation
      with respect to the Company being available and, at the time that I may desire
      to make a sale pursuant to the Rule, the Company may neither wish nor be able
      to
      comply with such requirement.

    

    In
      consideration of the issuance of certificates for the Shares to me, I hereby
      represent and warrant that I am acquiring the Shares for my own account for
      investment, and that I will not sell, pledge or transfer the Shares in the
      absence of an effective registration state-ment covering the same, except as
      permitted by the provisions of Rule 144, if applicable, or some other applicable
      exemption under the Securities Act. In view of this representation and warranty,
      I agree that there may be affixed to the certificates for the Shares to be
      issued to me, and to all certificates issued hereafter representing the Shares
      (until in the opinion of counsel, which opinion must be reasonably satisfactory
      in form and substance to counsel for the Company, it is no longer necessary
      or
      required) a legend as follows:

    

    
      	 	
              "The
                securities represented by this certificate have not been registered
                under
                the Securities Act of 1933, as amended, and were acquired by the
                registered holder pursuant to a representation and warranty that
                such
                holder was acquir-ing the Shares for his own account and for investment,
                with no intention of transfer or disposition of the same in violation
                of
                the registration requirements of that Act. These securities may not
                be
                sold, pledged, or transferred in the absence of an effective registration
                statement under such Act, or an opinion of counsel, which opinion
                is
                reasonably satisfactory to counsel to the Company, to the effect
                that
                registration is not required under such
                Act."

            

    

    

    I
      further
      agree that the Company may place a stop transfer order with its transfer agent,
      prohibiting the transfer of the Shares, so long as the legend remains on the
      certificates represent-ing the Shares.

    

    Very
      truly yours,

    

     

    Dated:
      _____________

    
      
        
        

      

      12IMPAC
        SECURED ASSETS CORP.,

      Depositor,

       

      

      IMPAC
        FUNDING CORPORATION

      Master
        Servicer,

       

       

      and

       

       

      DEUTSCHE
        BANK NATIONAL TRUST COMPANY

      Trustee

       

       

       

       

       

       

      POOLING
        AND SERVICING AGREEMENT

       

      Dated
        as
        of February 1, 2007

       

       

      ________________________

       

      Mortgage
        Pass-Through Certificates

       

      Series
        2007-1

       

       

      
        

        

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      TABLE
        OF
        CONTENTS

       

      Page

      
        	
                ARTICLE
                  I
                  DEFINITIONS

              	
                17

              
	
                Section
                  1.01.

              	
                Defined
                  Terms.

              	
                17

              

      

      
        	
                Accrual
                  Period

              	
                17

              
	
                Adjustment
                  Date

              	
                17

              
	
                Advance

              	
                17

              
	
                Affected
                  Party

              	
                17

              
	
                Affiliate

              	
                17

              
	
                Aggregate
                  Stated Principal Balance

              	
                17

              
	
                Agreement

              	
                17

              
	
                Allocated
                  Realized Loss Amount

              	
                18

              
	
                Assessment
                  of Compliance

              	
                18

              
	
                Assignment

              	
                18

              
	
                Attestation
                  Report

              	
                18

              
	
                Available
                  Distribution Amount

              	
                18

              
	
                Balloon
                  Loan

              	
                18

              
	
                Balloon
                  Payment

              	
                18

              
	
                Bankruptcy
                  Code

              	
                18

              
	
                Basic
                  Principal Distribution Amount

              	
                18

              
	
                Book-Entry
                  Certificate

              	
                18

              
	
                Business
                  Day

              	
                19

              
	
                Cap
                  Contract I

              	
                19

              
	
                Cap
                  Contract II

              	
                19

              
	
                Cap
                  Contract III

              	
                19

              
	
                Cap
                  Contract IV

              	
                19

              
	
                Cap
                  Contract V

              	
                19

              
	
                Cap
                  Contract VI

              	
                19

              
	
                Cap
                  Contract VII

              	
                19

              
	
                Cap
                  Contract IX

              	
                19

              
	
                Cap
                  Contract X

              	
                20

              
	
                Cap
                  Contract XI

              	
                20

              
	
                Cap
                  Contract XII

              	
                20

              
	
                Cap
                  Contract XIII

              	
                20

              
	
                Cap
                  Contract XIV

              	
                20

              
	
                Cap
                  Contracts

              	
                20

              
	
                Cap
                  Contract I Counterparty

              	
                20

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                Cash
                  Liquidation

              	
                20

              
	
                Certificate

              	
                20

              
	
                Certificate
                  Account

              	
                20

              
	
                Certificate
                  Account Deposit Date

              	
                20

              
	
                Certificate
                  Margin

              	
                21

              
	
                Certificate
                  Owner

              	
                21

              
	
                Certificate
                  Principal Balance

              	
                21

              
	
                Certificate
                  Register

              	
                21

              
	
                Certificateholder

              	
                22

              
	
                Class

              	
                22

              
	
                Class
                  A Certificates

              	
                22

              
	
                Class
                  A-1 Certificate

              	
                22

              
	
                Class
                  A-2 Certificate

              	
                22

              
	
                Class
                  A-3 Certificate

              	
                22

              
	
                Class
                  A-M Certificate

              	
                22

              
	
                Class
                  A Principal Distribution Amount

              	
                23

              
	
                Class
                  B Certificate

              	
                23

              
	
                Class
                  C Certificates

              	
                23

              
	
                Class
                  C Distribution Amount

              	
                23

              
	
                Class
                  IO Interest

              	
                23

              
	
                Class
                  IO Distribution Amount

              	
                23

              
	
                Class
                  M Certificates

              	
                23

              
	
                Class
                  M-1 Certificate

              	
                24

              
	
                Class
                  M-2 Certificate

              	
                24

              
	
                Class
                  M-3 Certificate

              	
                24

              
	
                Class
                  M-4 Certificate

              	
                24

              
	
                Class
                  M-5 Certificate

              	
                24

              
	
                Class
                  M-6 Certificate

              	
                24

              
	
                Class
                  M-7 Certificate

              	
                24

              
	
                Class
                  M-8 Certificate

              	
                24

              
	
                Class
                  P Certificate

              	
                25

              
	
                Class
                  R Certificate

              	
                25

              
	
                Class
                  R-1 Interest

              	
                25

              
	
                Class
                  R-2 Interest

              	
                25

              
	
                Class
                  R-3 Interest

              	
                25

              
	
                Closing
                  Date

              	
                25

              
	
                Code

              	
                25

              
	
                Collateral
                  Account

              	
                25

              
	
                Collateral
                  Value

              	
                25

              

      

       

      
        
          
          

        

        
          ii

          
            

          

        

        
          
          

        

      

       

      
        	
                Commission

              	
                25

              
	
                Compensating
                  Interest

              	
                25

              
	
                Corporate
                  Trust Office

              	
                25

              
	
                Corresponding
                  Certificate

              	
                26

              
	
                Countrywide

              	
                26

              
	
                Credit
                  Enhancement Percentage

              	
                26

              
	
                Credit
                  Support Annex

              	
                26

              
	
                Current
                  Report

              	
                26

              
	
                Curtailment

              	
                26

              
	
                Custodial
                  Account

              	
                26

              
	
                Custodian

              	
                26

              
	
                Cut-off
                  Date

              	
                26

              
	
                Cut-off
                  Date Balance

              	
                27

              
	
                Defaulted
                  Mortgage Loan

              	
                27

              
	
                Defaulting
                  Party

              	
                27

              
	
                Deficient
                  Valuation

              	
                27

              
	
                Definitive
                  Certificate

              	
                27

              
	
                Deleted
                  Mortgage Loan

              	
                27

              
	
                Delinquent

              	
                27

              
	
                Depositor

              	
                27

              
	
                Depository

              	
                27

              
	
                Depository
                  Participant

              	
                27

              
	
                Derivative
                  Account

              	
                27

              
	
                Derivative
                  Contract

              	
                28

              
	
                Derivative
                  Termination Payment

              	
                28

              
	
                Determination
                  Date

              	
                28

              
	
                Disqualified
                  Organization

              	
                28

              
	
                Distribution
                  Date

              	
                28

              
	
                Distribution
                  Report

              	
                28

              
	
                Due
                  Date

              	
                28

              
	
                Due
                  Period

              	
                28

              
	
                Eligible
                  Account

              	
                29

              
	
                Estimated
                  Swap Termination Payment

              	
                29

              
	
                Event
                  of Default

              	
                29

              
	
                Excess
                  Proceeds

              	
                29

              
	
                Exchange
                  Act

              	
                29

              
	
                Extra
                  Principal Distribution Amount

              	
                29

              
	
                Fannie
                  Mae

              	
                29

              
	
                FDIC

              	
                30

              
	
                Final
                  Scheduled Distribution Date

              	
                30

              
	
                Freddie
                  Mac

              	
                30

              
	
                Gross
                  Margin

              	
                30

              
	
                Index

              	
                30

              
	
                Initial
                  Certificate Principal Balance

              	
                30

              
	
                Initial
                  Notional Amount

              	
                30

              
	
                Insurance
                  Policy

              	
                30

              

      

       

      
        
          
          

        

        
          iii

          
            

          

        

        
          
          

        

      

       

      
        	
                Insurance
                  Proceeds

              	
                30

              
	
                Interest
                  Rate Swap Agreement

              	
                30

              
	
                Interest
                  Remittance Amount

              	
                30

              
	
                Late
                  Collections

              	
                31

              
	
                LIBOR

              	
                31

              
	
                LIBOR
                  Business Day

              	
                31

              
	
                LIBOR
                  Rate Adjustment Date

              	
                31

              
	
                Liquidated
                  Mortgage Loan

              	
                31

              
	
                Liquidation
                  Proceeds

              	
                31

              
	
                Loan-to-Value
                  Ratio

              	
                31

              
	
                Lost
                  Note Affidavit

              	
                31

              
	
                Majority
                  Class C Certificateholder

              	
                31

              
	
                Marker
                  Rate

              	
                31

              
	
                Master
                  Servicer

              	
                32

              
	
                Master
                  Servicer Prepayment Charge Payment Amount

              	
                32

              
	
                Master
                  Servicing Fees

              	
                32

              
	
                Master
                  Servicing Fee Rate

              	
                32

              
	
                Maximum
                  Uncertificated Accrued Interest Deferral Amount

              	
                32

              
	
                MERS

              	
                33

              
	
                MERS®
                  System

              	
                33

              
	
                MIN

              	
                33

              
	
                MOM
                  Loan

              	
                33

              
	
                Monthly
                  Interest Distributable Amount

              	
                33

              
	
                Monthly
                  Payment

              	
                33

              
	
                Moody's

              	
                33

              
	
                Mortgage

              	
                33

              
	
                Mortgage
                  File

              	
                34

              
	
                Mortgage
                  Loan

              	
                34

              
	
                Mortgage
                  Loan Purchase Agreement

              	
                34

              
	
                Mortgage
                  Loan Schedule

              	
                34

              
	
                Mortgage
                  Note

              	
                35

              
	
                Mortgage
                  Rate

              	
                35

              
	
                Mortgaged
                  Property

              	
                35

              
	
                Mortgagor

              	
                35

              
	
                Net
                  Liquidation Proceeds

              	
                35

              
	
                Net
                  Monthly Excess Cashflow

              	
                36

              
	
                Net
                  Mortgage Rate

              	
                36

              
	
                Net
                  Prepayment Interest Shortfall

              	
                36

              
	
                Net
                  Swap Payment

              	
                36

              
	
                Net
                  WAC Rate

              	
                36

              
	
                Net
                  WAC Shortfall Amount

              	
                36

              
	
                Net
                  WAC Shortfall Reserve Fund

              	
                37

              
	
                Net
                  WAC Shortfall Reserve Fund Deposit

              	
                37

              
	
                Nonrecoverable
                  Advance

              	
                37

              
	
                Non-United
                  States Person

              	
                37

              
	
                Notional
                  Balance

              	
                37

              

      

       

      
        
          
          

        

        
          iv

          
            

          

        

        
          
          

        

      

       

      
        	
                Officers’
                  Certificate

              	
                37

              
	
                One
                  Month LIBOR

              	
                37

              
	
                Opinion
                  of Counsel

              	
                38

              
	
                Optional
                  Termination Date

              	
                38

              
	
                OTS

              	
                38

              
	
                Outstanding
                  Mortgage Loan

              	
                38

              
	
                Overcollateralization
                  Deficiency Amount

              	
                38

              
	
                Overcollateralization
                  Floor

              	
                38

              
	
                Overcollateralization
                  Release Amount

              	
                38

              
	
                Overcollateralization
                  Target Amount

              	
                38

              
	
                Overcollateralized
                  Amount

              	
                38

              
	
                Ownership
                  Interest

              	
                39

              
	
                Pass-Through
                  Rate

              	
                39

              
	
                Percentage
                  Interest

              	
                39

              
	
                Permitted
                  Investment

              	
                39

              
	
                Permitted
                  Transferee

              	
                41

              
	
                Person

              	
                41

              
	
                PMI
                  Insurer

              	
                41

              
	
                PMI
                  Insurer Fee Rate

              	
                41

              
	
                PMI
                  Insurer Policy

              	
                41

              
	
                PMI
                  Mortgage Loan

              	
                41

              
	
                Prepayment
                  Assumption

              	
                41

              
	
                Prepayment
                  Charge

              	
                41

              
	
                Prepayment
                  Interest Excess

              	
                41

              
	
                Prepayment
                  Interest Shortfall

              	
                42

              
	
                Prepayment
                  Period

              	
                42

              
	
                Primary
                  Hazard Insurance Policy

              	
                42

              
	
                Primary
                  Insurance Policy

              	
                42

              
	
                Principal
                  Distribution Amount

              	
                42

              
	
                Principal
                  Prepayment

              	
                42

              
	
                Principal
                  Prepayment in Full

              	
                42

              
	
                Principal
                  Remittance Amount

              	
                42

              
	
                Prospectus
                  Supplement

              	
                43

              
	
                Purchase
                  Price

              	
                43

              
	
                Qualified
                  Insurer

              	
                43

              
	
                Qualified
                  Substitute Mortgage Loan

              	
                43

              
	
                Rating
                  Agency

              	
                44

              
	
                Realized
                  Loss

              	
                44

              
	
                Record
                  Date

              	
                44

              
	
                Regular
                  Certificate

              	
                44

              
	
                Regulation
                  AB

              	
                44

              
	
                Relief
                  Act

              	
                45

              
	
                Relief
                  Act Interest Shortfall

              	
                45

              
	
                REMIC

              	
                45

              
	
                REMIC
                  1

              	
                45

              
	
                REMIC
                  1 Regular Interest

              	
                45

              

      

       

      
        
          
          

        

        
          v

          
            

          

        

        
          
          

        

      

       

      
        	
                REMIC
                  2

              	
                46

              
	
                REMIC
                  2 Interest Loss Allocation Amount

              	
                46

              
	
                REMIC
                  2 Overcollateralized Amount

              	
                46

              
	
                REMIC
                  2 Overcollateralization Target Amount

              	
                46

              
	
                REMIC
                  2 Principal Loss Allocation Amount

              	
                46

              
	
                REMIC
                  2 Regular Interest

              	
                46

              
	
                REMIC
                  3

              	
                46

              
	
                REMIC
                  3 Regular Interest

              	
                47

              
	
                REMIC
                  Provisions

              	
                47

              
	
                REMIC
                  Regular Interest

              	
                47

              
	
                Remittance
                  Report

              	
                47

              
	
                REO
                  Acquisition

              	
                47

              
	
                REO
                  Disposition

              	
                47

              
	
                REO
                  Imputed Interest

              	
                47

              
	
                REO
                  Proceeds

              	
                47

              
	
                REO
                  Property

              	
                47

              
	
                Request
                  for Release

              	
                47

              
	
                Residual
                  Certificate

              	
                47

              
	
                Residual
                  Interest

              	
                48

              
	
                Responsible
                  Officer

              	
                48

              
	
                Schedule

              	
                48

              
	
                Servicing
                  Account

              	
                48

              
	
                Servicing
                  Advances

              	
                48

              
	
                Servicing
                  Criteria

              	
                48

              
	
                Servicing
                  Guide

              	
                48

              
	
                Servicing
                  Officer

              	
                48

              
	
                Single
                  Certificate

              	
                49

              
	
                Sponsor

              	
                49

              
	
                Standard
                  & Poor's

              	
                49

              
	
                Startup
                  Day

              	
                49

              
	
                Stated
                  Principal Balance

              	
                49

              
	
                Step-Up
                  Date

              	
                49

              
	
                Stepdown
                  Date

              	
                49

              
	
                Stepdown
                  Target Subordination Percentage

              	
                49

              
	
                Subordinate
                  Certificates

              	
                50

              
	
                Subordinate
                  Class Principal Distribution Amount

              	
                50

              
	
                Subsequent
                  Recoveries

              	
                50

              
	
                Sub-Servicer

              	
                51

              
	
                Sub-Servicer
                  Remittance Date

              	
                51

              
	
                Sub-Servicing
                  Account

              	
                51

              
	
                Sub-Servicing
                  Agreement

              	
                51

              
	
                Sub-Servicing
                  Fees

              	
                51

              
	
                Sub-Servicing
                  Fee Rate

              	
                51

              
	
                Substitution
                  Adjustment

              	
                51

              
	
                Supplemental
                  Interest Trust

              	
                51

              
	
                Supplemental
                  Interest Trust Trustee

              	
                51

              

      

       

      
        
          
          

        

        
          vi

          
            

          

        

        
          
          

        

      

       

      
        	
                Swap
                  LIBOR

              	
                52

              
	
                Swap
                  Optional Termination Payment

              	
                52

              
	
                Swap
                  Provider

              	
                52

              
	
                Swap
                  Provider Trigger Event

              	
                52

              
	
                Swap
                  Termination Payment

              	
                52

              
	
                Tax
                  Matters Person

              	
                52

              
	
                Tax
                  Returns

              	
                52

              
	
                Transfer

              	
                52

              
	
                Transferor

              	
                52

              
	
                Trigger
                  Event

              	
                52

              
	
                Trust
                  Fund

              	
                53

              
	
                Trustee

              	
                53

              
	
                Uncertificated
                  Accrued Interest

              	
                53

              
	
                Uncertificated
                  Notional Balance

              	
                53

              
	
                Uncertificated
                  Pass-Through Rate

              	
                55

              
	
                Uncertificated
                  Principal Balance

              	
                55

              
	
                Uncertificated
                  REMIC 1 Pass-Through Rate

              	
                55

              
	
                Uncertificated
                  REMIC 2 Pass-Through Rate

              	
                56

              
	
                Uninsured
                  Cause

              	
                59

              
	
                United
                  States Person

              	
                59

              
	
                Unpaid
                  Interest Shortfall Amount

              	
                60

              
	
                Voting
                  Rights

              	
                60

              
	
                Weighted
                  Average Net Mortgage Rate

              	
                60

              

      

      
        	
                Section
                  1.02.

              	
                Determination
                  of LIBOR.

              	
                60

              
	
                Section
                  1.03.

              	
                Allocation
                  of Certain Interest Shortfalls.

              	
                61

              
	 	 
	
                ARTICLE
                  II
                  CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF
                  CERTIFICATES

              	
                62

              
	
                Section
                  2.01.

              	
                Conveyance
                  of Mortgage Loans.

              	
                62

              
	
                Section
                  2.02.

              	
                Acceptance
                  of the Trust Fund by the Trustee.

              	
                67

              
	
                Section
                  2.03.

              	
                Representations,
                  Warranties and Covenants of the Master Servicer and the
                  Depositor.

              	
                68

              
	
                Section
                  2.04.

              	
                Representations
                  and Warranties of the Sponsor.

              	
                70

              
	
                Section
                  2.05.

              	
                Issuance
                  of Certificates; Conveyance of REMIC Regular Interests and Acceptance
                  of
                  REMIC 2 and REMIC 3 by the Trustee.

              	
                72

              
	
                Section
                  2.06.

              	
                Purposes
                  and Powers of the Trust.

              	
                74

              
	 	 
	
                ARTICLE
                  III
                  ADMINISTRATION AND SERVICING OF THE TRUST FUND

              	
                75

              
	
                Section
                  3.01.

              	
                Master
                  Servicer to Act as Master Servicer.

              	
                75

              
	
                Section
                  3.02.

              	
                Sub-Servicing
                  Agreements Between Master Servicer and Sub-Servicers.

              	
                77

              
	
                Section
                  3.03.

              	
                Successor
                  Sub-Servicers.

              	
                78

              
	
                Section
                  3.04.

              	
                Liability
                  of the Master Servicer.

              	
                78

              
	
                Section
                  3.05.

              	
                No
                  Contractual Relationship Between Sub-Servicers and Trustee or
                  Certificateholders.

              	
                79

              
	
                Section
                  3.06.

              	
                Assumption
                  or Termination of Sub-Servicing Agreements by Trustee.

              	
                79

              

      

       

      
        
          
          

        

        
          vii

          
            

          

        

        
          
          

        

      

       

      
        	
                Section
                  3.07.

              	
                Collection
                  of Certain Mortgage Loan Payments.

              	
                80

              
	
                Section
                  3.08.

              	
                Sub-Servicing
                  Accounts.

              	
                81

              
	
                Section
                  3.09.

              	
                Collection
                  of Taxes, Assessments and Similar Items; Servicing
                  Accounts.

              	
                81

              
	
                Section
                  3.10.

              	
                Custodial
                  Account.

              	
                82

              
	
                Section
                  3.11.

              	
                Permitted
                  Withdrawals From the Custodial Account.

              	
                83

              
	
                Section
                  3.12.

              	
                Permitted
                  Investments.

              	
                84

              
	
                Section
                  3.13.

              	
                Maintenance
                  of Primary Hazard Insurance.

              	
                85

              
	
                Section
                  3.14.

              	
                Enforcement
                  of Due-on-Sale Clauses; Assumption Agreements.

              	
                87

              
	
                Section
                  3.15.

              	
                Realization
                  Upon Defaulted Mortgage Loans.

              	
                89

              
	
                Section
                  3.16.

              	
                Trustee
                  to Cooperate; Release of Mortgage Files.

              	
                90

              
	
                Section
                  3.17.

              	
                Servicing
                  Compensation.

              	
                91

              
	
                Section
                  3.18.

              	
                Maintenance
                  of Certain Servicing Policies.

              	
                92

              
	
                Section
                  3.19.

              	
                Annual
                  Statement as to Compliance.

              	
                92

              
	
                Section
                  3.20.

              	
                Assessments
                  of Compliance and Attestation Reports.

              	
                93

              
	
                Section
                  3.21.

              	
                Access
                  to Certain Documentation.

              	
                94

              
	
                Section
                  3.22.

              	
                Title,
                  Conservation and Disposition of REO Property.

              	
                95

              
	
                Section
                  3.23.

              	
                Additional
                  Obligations of the Master Servicer.

              	
                97

              
	
                Section
                  3.24.

              	
                Additional
                  Obligations of the Depositor.

              	
                97

              
	
                Section
                  3.25.

              	
                Exchange
                  Act Reporting.

              	
                98

              
	
                Section
                  3.26.

              	
                Intention
                  of the Parties and Interpretation.

              	
                101

              
	
                Section
                  3.27.

              	
                Optional
                  Purchase of Certain Mortgage Loans.

              	
                102

              
	 	 
	
                ARTICLE
                  IV
                  PAYMENTS TO CERTIFICATEHOLDERS

              	
                103

              
	
                Section
                  4.01.

              	
                Distributions.

              	
                103

              
	
                Section
                  4.02.

              	
                Statements
                  to Certificateholders.

              	
                109

              
	
                Section
                  4.03.

              	
                Remittance
                  Reports; Advances by the Master Servicer.

              	
                112

              
	
                Section
                  4.04.

              	
                Distributions
                  on the REMIC Regular Interests.

              	
                114

              
	
                Section
                  4.05.

              	
                Allocation
                  of Realized Losses.

              	
                117

              
	
                Section
                  4.06.

              	
                Information
                  Reports to Be Filed by the Master Servicer.

              	
                119

              
	
                Section
                  4.07.

              	
                Compliance
                  with Withholding Requirements.

              	
                119

              
	
                Section
                  4.08.

              	
                Net
                  WAC Shortfall Reserve Fund.

              	
                119

              
	
                Section
                  4.09.

              	
                Supplemental
                  Interest Trust.

              	
                120

              
	
                Section
                  4.10.

              	
                Tax
                  Treatment of Class IO Distribution Amounts in the Event of
                  Resecuritization of Class A, Class M or Class B
                  Certificates.

              	
                123

              
	
                Section
                  4.11.

              	
                Collateral
                  Account.

              	
                124

              
	 	 
	
                ARTICLE
                  V
                  THE CERTIFICATES

              	
                125

              
	
                Section
                  5.01.

              	
                The
                  Certificates.

              	
                125

              
	
                Section
                  5.02.

              	
                Registration
                  of Transfer and Exchange of Certificates.

              	
                127

              
	
                Section
                  5.03.

              	
                Mutilated,
                  Destroyed, Lost or Stolen Certificates.

              	
                133

              
	
                Section
                  5.04.

              	
                Persons
                  Deemed Owners.

              	
                133

              
	
                Section
                  5.05.

              	
                Rule
                  144A Information.

              	
                133

              
	 	 
	
                ARTICLE
                  VI
                  THE Depositor AND THE MASTER SERVICER

              	
                134

              
	
                Section
                  6.01.

              	
                Liability
                  of the Depositor and the Master Servicer.

              	
                134

              

      

       

      
        
          
          

        

        
          viii

          
            

          

        

        
          
          

        

      

       

      
        	
                Section
                  6.02.

              	
                Merger,
                  Consolidation or Conversion of the Depositor or the Master
                  Servicer.

              	
                134

              
	
                Section
                  6.03.

              	
                Limitation
                  on Liability of the Depositor, the Master Servicer and
                  Others.

              	
                134

              
	
                Section
                  6.04.

              	
                Limitation
                  on Resignation of the Master Servicer.

              	
                135

              
	
                Section
                  6.05.

              	
                Sale
                  and Assignment of Master Servicing.

              	
                135

              
	 	 
	
                ARTICLE
                  VII
                  DEFAULT

              	
                137

              
	
                Section
                  7.01.

              	
                Events
                  of Default.

              	
                137

              
	
                Section
                  7.02.

              	
                Trustee
                  to Act; Appointment of Successor.

              	
                139

              
	
                Section
                  7.03.

              	
                Notification
                  to Certificateholders.

              	
                140

              
	
                Section
                  7.04.

              	
                Waiver
                  of Events of Default.

              	
                140

              
	
                Section
                  7.05.

              	
                List
                  of Certificateholders.

              	
                141

              
	 	 
	
                ARTICLE
                  VIII
                  CONCERNING THE TRUSTEE

              	
                142

              
	
                Section
                  8.01.

              	
                Duties
                  of Trustee.

              	
                142

              
	
                Section
                  8.02.

              	
                Certain
                  Matters Affecting the Trustee.

              	
                143

              
	
                Section
                  8.03.

              	
                Trustee
                  Not Liable for Certificates or Mortgage Loans.

              	
                145

              
	
                Section
                  8.04.

              	
                Trustee
                  May Own Certificates.

              	
                145

              
	
                Section
                  8.05.

              	
                Trustee’s
                  Fees.

              	
                145

              
	
                Section
                  8.06.

              	
                Eligibility
                  Requirements for Trustee.

              	
                146

              
	
                Section
                  8.07.

              	
                Resignation
                  and Removal of the Trustee.

              	
                146

              
	
                Section
                  8.08.

              	
                Successor
                  Trustee.

              	
                147

              
	
                Section
                  8.09.

              	
                Merger
                  or Consolidation of Trustee.

              	
                147

              
	
                Section
                  8.10.

              	
                Appointment
                  of Co-Trustee or Separate Trustee.

              	
                148

              
	 	 
	
                ARTICLE
                  IX
                  TERMINATION

              	
                150

              
	
                Section
                  9.01.

              	
                Termination
                  Upon Repurchase or Liquidation of All Mortgage Loans or upon Purchase
                  of
                  Certificates.

              	
                150

              
	
                Section
                  9.02.

              	
                Termination
                  of REMIC 3 and Retirement of Class R Certificates.

              	
                153

              
	
                Section
                  9.03.

              	
                Additional
                  Termination Requirements.

              	
                154

              
	 	 
	
                ARTICLE
                  X
                  REMIC PROVISIONS

              	
                155

              
	
                Section
                  10.01.

              	
                REMIC
                  Administration.

              	
                155

              
	
                Section
                  10.02.

              	
                Prohibited
                  Transactions and Activities.

              	
                158

              
	
                Section
                  10.03.

              	
                Master
                  Servicer and Trustee Indemnification.

              	
                158

              
	 	 
	
                ARTICLE
                  XI
                  MISCELLANEOUS PROVISIONS

              	
                159

              
	
                Section
                  11.01.

              	
                Amendment.

              	
                159

              
	
                Section
                  11.02.

              	
                Recordation
                  of Agreement; Counterparts.

              	
                160

              
	
                Section
                  11.03.

              	
                Limitation
                  on Rights of Certificateholders.

              	
                161

              
	
                Section
                  11.04.

              	
                Governing
                  Law.

              	
                162

              
	
                Section
                  11.05.

              	
                Notices.

              	
                162

              
	
                Section
                  11.06.

              	
                Severability
                  of Provisions.

              	
                162

              
	
                Section
                  11.07.

              	
                Successors
                  and Assigns.

              	
                162

              
	
                Section
                  11.08.

              	
                Article
                  and Section Headings.

              	
                162

              
	
                Section
                  11.09.

              	
                Notice
                  to Rating Agencies.

              	
                163

              
	
                Section
                  11.10.

              	
                Third
                  Party Rights.

              	
                163

              

      

      

      
        
          
          

        

        
          ix

          
            

          

        

        
          
          

        

      

      Signatures

      Acknowledgments

       

      
        	
                Exhibit
                  A

              	
                Form
                  of Class A Certificate

              

      

      
        	
                Exhibit
                  B-1

              	
                Form
                  of Class M Certificate

              

      

      
        	
                Exhibit
                  B-2

              	
                Form
                  of Class B Certificate 

              

      

      
        	
                Exhibit
                  B-3

              	
                Form
                  of Class C Certificate

              

      

      
        	
                Exhibit
                  B-4

              	
                Form
                  of Class P Certificate

              

      

      
        	
                Exhibit
                  B-5

              	
                Form
                  of Class R Certificate

              

      

      
        	
                Exhibit
                  C

              	
                Form
                  of Trustee Initial Certification

              

      

      
        	
                Exhibit
                  D

              	
                Form
                  of Trustee Final Certification

              

      

      
        	
                Exhibit
                  E

              	
                Form
                  of Remittance Report

              

      

      
        	
                Exhibit
                  F-1

              	
                Request
                  for Release

              

      

      
        	
                Exhibit
                  F-2

              	
                Request
                  for Release for Mortgage Loans Paid in
                  Full

              

      

      
        	
                Exhibit
                  G-1

              	
                Form
                  of Investor Representation Letter

              

      

      
        	
                Exhibit
                  G-2

              	
                Form
                  of Transferor Representation Letter

              

      

      
        	
                Exhibit
                  G-3

              	
                Form
                  of Rule 144A Investment
                  Representation

              

      

      
        	
                Exhibit
                  G-4

              	
                Transferor
                  Certificate for Transfers of Residual
                  Certificates

              

      

      
        	
                Exhibit
                  G-5

              	
                Transfer
                  Affidavit and Agreement for Transfers of Residual
                  Certificates

              

      

      
        	
                Exhibit
                  H

              	
                Mortgage
                  Loan Schedule

              

      

      
        	
                Exhibit
                  I

              	
                Sponsor
                  Representations and Warranties

              

      

      
        	
                Exhibit
                  J

              	
                Form
                  of Notice Under Section 3.24

              

      

      
        	
                Exhibit
                  K

              	
                Impac
                  Funding Corporation Servicing Guide

              

      

      
        	
                Exhibit
                  L-1

              	
                Form
                  10-K Certification

              

      

      
        	
                Exhibit
                  L-2

              	
                Form
                  10-K Back-up Certification (Master
                  Servicer)

              

      

      
        	
                Exhibit
                  L-3

              	
                Form
                  10-K Back-up Certification
                  (Trustee)

              

      

      
        	
                Exhibit
                  L-4

              	
                Form
                  of Back-up Certification to Form 10-K
                  Certificate

              

      

      
        	
                Exhibit
                  M

              	
                Form
                  of Interest Rate Swap Agreement and Cap
                  Contracts

              

      

      
        	
                Exhibit
                  N

              	
                Servicing
                  Criteria to be Addressed in Assessment of
                  Compliance

              

      

      
        	
                Exhibit
                  O

              	
                Form
                  10-D, Form 8-K and Form 10-K Reporting Responsibility
                  

              

      

      
        	
                Exhibit
                  P

              	
                [reserved]

              

      

      
        	
                Exhibit
                  Q 

              	
                Form
                  of Countrywide Servicing Agreement

              

      

      
        	
                Exhibit
                  R

              	
                Form
                  of Item 1115 Agreement

              

      

      This
        Pooling and Servicing Agreement, dated and effective as of February 1, 2007,
        is
        entered into among Impac Secured Assets Corp., as depositor (the “Depositor”),
        Impac Funding Corporation, as master servicer (the “Master Servicer”), and
        Deutsche Bank National Trust Company, as trustee (the “Trustee”).

       

      PRELIMINARY
        STATEMENT:

       

      The
        Depositor intends to sell pass-through certificates (collectively, the
“Certificates”), to be issued hereunder in multiple classes, which in the
        aggregate will evidence the entire beneficial ownership interest in the Trust
        Fund created hereunder. The Certificates will consist of seventeen classes
        of
        certificates, designated as (i) the Class A-1 Certificates, (ii) the Class
        A-2
        Certificates, (iii) the Class A-3 Certificates, (iv) the Class A-M Certificates,
        (v) the Class M-1 Certificates, (vi) the Class M-2 Certificates, (vii) the
        Class
        M-3 Certificates, (viii) the Class M-4 Certificates, (ix) the Class M-5
        Certificates, (x) the Class M-6 Certificates, (xi) the Class M-7 Certificates,
        (xii) the Class M-8 Certificates, (xiii) the Class B Certificates, (xiv)
        the
        Class C Certificates, (xv) the Class P Certificates and (xvi) the Class R
        Certificates.

      
        
          
          

        

        
          x

          
            

          

        

        
          
          

        

      

       

      REMIC
        1

       

      As
        provided herein, the Trustee will elect to treat the segregated pool of assets
        consisting of the Mortgage Loans and certain other related assets (other
        than
        the Net WAC Shortfall Reserve Fund, any Master Servicer Prepayment Charge
        Payment Amounts and, for the avoidance of doubt, the Supplemental Interest
        Trust, the Derivative Account, the Cap Contracts, the Collateral Account
        and the
        Interest Rate Swap Agreement) subject to this Agreement as a REMIC for federal
        income tax purposes, and such segregated pool of assets will be designated
        as
“REMIC 1.” The Class R-1 Interest will be the sole class of Residual Interests
        in REMIC 1 for purposes of the REMIC Provisions (as defined herein). The
        following table irrevocably sets forth the designation, the Uncertificated
        REMIC
        1 Pass-Through Rate, the initial Uncertificated Principal Balance and, for
        purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the
        “latest possible maturity date” for each of the REMIC 1 Regular Interests (as
        defined herein). None of the REMIC 1 Regular Interests will be
        certificated.

      

      
        	
                Designation

              	
                Uncertificated
                  

                REMIC
                  1 

                Pass-Through
                  Rate

              	
                Initial
                  Uncertificated 

                Principal
                  Balance

              	
                Latest
                  Possible 

                Maturity
                  Date (1)

              
	
                1-1-A

              	
                Variable(2)

              	
                $     2,158,075.00

              	
                March
                  25, 2037

              
	
                1-1-B

              	
                Variable(2)

              	
                $     2,158,075.00

              	
                March
                  25, 2037

              
	
                1-2-A

              	
                Variable(2)

              	
                $     2,910,251.00

              	
                March
                  25, 2037

              
	
                1-2-B

              	
                Variable(2)

              	
                $     2,910,251.00

              	
                March
                  25, 2037

              
	
                1-3-A

              	
                Variable(2)

              	
                $     3,664,028.50

              	
                March
                  25, 2037

              
	
                1-3-B

              	
                Variable(2)

              	
                $     3,664,028.50

              	
                March
                  25, 2037

              
	
                1-4-A

              	
                Variable(2)

              	
                $     4,414,455.00

              	
                March
                  25, 2037

              
	
                1-4-B

              	
                Variable(2)

              	
                $     4,414,455.00

              	
                March
                  25, 2037

              
	
                1-5-A

              	
                Variable(2)

              	
                $     5,157,115.50

              	
                March
                  25, 2037

              
	
                1-5-B

              	
                Variable(2)

              	
                $     5,157,115.50

              	
                March
                  25, 2037

              
	
                1-6-A

              	
                Variable(2)

              	
                $     5,886,417.50

              	
                March
                  25, 2037

              
	
                1-6-B

              	
                Variable(2)

              	
                $     5,886,417.50

              	
                March
                  25, 2037

              
	
                1-7-A

              	
                Variable(2)

              	
                $     6,598,171.50

              	
                March
                  25, 2037

              
	
                1-7-B

              	
                Variable(2)

              	
                $     6,598,171.50

              	
                March
                  25, 2037

              
	
                1-8-A

              	
                Variable(2)

              	
                $     7,286,678.00

              	
                March
                  25, 2037

              
	
                1-8-B

              	
                Variable(2)

              	
                $     7,286,678.00

              	
                March
                  25, 2037

              
	
                1-9-A

              	
                Variable(2)

              	
                $     7,947,240.00

              	
                March
                  25, 2037

              
	
                1-9-B

              	
                Variable(2)

              	
                $     7,947,240.00

              	
                March
                  25, 2037

              
	
                1-10-A

              	
                Variable(2)

              	
                $     8,490,519.00

              	
                March
                  25, 2037

              

      

       

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

       

      
        	
                Designation

              	
                Uncertificated
                  

                REMIC
                  1 

                Pass-Through
                  Rate

              	
                Initial
                  Uncertificated 

                Principal
                  Balance

              	
                Latest
                  Possible 

                Maturity
                  Date (1)

              
	
                1-10-B

              	
                Variable(2)

              	
                $     8,490,519.00

              	
                March
                  25, 2037

              
	
                1-11-A

              	
                Variable(2)

              	
                $     8,549,110.50

              	
                March
                  25, 2037

              
	
                1-11-B

              	
                Variable(2)

              	
                $     8,549,110.50

              	
                March
                  25, 2037

              
	
                1-12-A

              	
                Variable(2)

              	
                $     8,587,844.50

              	
                March
                  25, 2037

              
	
                1-12-B

              	
                Variable(2)

              	
                $     8,587,844.50

              	
                March
                  25, 2037

              
	
                1-13-A

              	
                Variable(2)

              	
                $     8,328,448.00

              	
                March
                  25, 2037

              
	
                1-13-B

              	
                Variable(2)

              	
                $     8,328,448.00

              	
                March
                  25, 2037

              
	
                1-14-A

              	
                Variable(2)

              	
                $     8,076,647.50

              	
                March
                  25, 2037

              
	
                1-14-B

              	
                Variable(2)

              	
                $     8,076,647.50

              	
                March
                  25, 2037

              
	
                1-15-A

              	
                Variable(2)

              	
                $     7,832,642.00

              	
                March
                  25, 2037

              
	
                1-15-B

              	
                Variable(2)

              	
                $     7,832,642.00

              	
                March
                  25, 2037

              
	
                1-16-A

              	
                Variable(2)

              	
                $     7,595,728.00

              	
                March
                  25, 2037

              
	
                1-16-B

              	
                Variable(2)

              	
                $     7,595,728.00

              	
                March
                  25, 2037

              
	
                1-17-A

              	
                Variable(2)

              	
                $     7,366,036.00

              	
                March
                  25, 2037

              
	
                1-17-B

              	
                Variable(2)

              	
                $     7,366,036.00

              	
                March
                  25, 2037

              
	
                1-18-A

              	
                Variable(2)

              	
                $     7,143,409.00

              	
                March
                  25, 2037

              
	
                1-18-B

              	
                Variable(2)

              	
                $     7,143,409.00

              	
                March
                  25, 2037

              
	
                1-19-A

              	
                Variable(2)

              	
                $     6,927,263.50

              	
                March
                  25, 2037

              
	
                1-19-B

              	
                Variable(2)

              	
                $     6,927,263.50

              	
                March
                  25, 2037

              
	
                1-20-A

              	
                Variable(2)

              	
                $     6,717,607.50

              	
                March
                  25, 2037

              
	
                1-20-B

              	
                Variable(2)

              	
                $     6,717,607.50

              	
                March
                  25, 2037

              
	
                1-21-A

              	
                Variable(2)

              	
                $     6,514,504.00

              	
                March
                  25, 2037

              
	
                1-21-B

              	
                Variable(2)

              	
                $     6,514,504.00

              	
                March
                  25, 2037

              
	
                1-22-A

              	
                Variable(2)

              	
                $     9,152,004.50

              	
                March
                  25, 2037

              
	
                1-22-B

              	
                Variable(2)

              	
                $     9,152,004.50

              	
                March
                  25, 2037

              
	
                1-23-A

              	
                Variable(2)

              	
                $     6,039,718.00

              	
                March
                  25, 2037

              
	
                1-23-B

              	
                Variable(2)

              	
                $     6,039,718.00

              	
                March
                  25, 2037

              
	
                1-24-A

              	
                Variable(2)

              	
                $   11,526,255.50

              	
                March
                  25, 2037

              
	
                1-24-B

              	
                Variable(2)

              	
                $   11,526,255.50

              	
                March
                  25, 2037

              
	
                1-25-A

              	
                Variable(2)

              	
                $     5,506,580.00

              	
                March
                  25, 2037

              
	
                1-25-B

              	
                Variable(2)

              	
                $     5,506,580.00

              	
                March
                  25, 2037

              
	
                1-26-A

              	
                Variable(2)

              	
                $     5,339,592.50

              	
                March
                  25, 2037

              
	
                1-26-B

              	
                Variable(2)

              	
                $     5,339,592.50

              	
                March
                  25, 2037

              
	
                1-27-A

              	
                Variable(2)

              	
                $     5,177,917.50

              	
                March
                  25, 2037

              
	
                1-27-B

              	
                Variable(2)

              	
                $     5,177,917.50

              	
                March
                  25, 2037

              
	
                1-28-A

              	
                Variable(2)

              	
                $     5,021,050.00

              	
                March
                  25, 2037

              
	
                1-28-B

              	
                Variable(2)

              	
                $     5,021,050.00

              	
                March
                  25, 2037

              
	
                1-29-A

              	
                Variable(2)

              	
                $     4,868,805.00

              	
                March
                  25, 2037

              
	
                1-29-B

              	
                Variable(2)

              	
                $     4,868,805.00

              	
                March
                  25, 2037

              
	
                1-30-A

              	
                Variable(2)

              	
                $     4,721,432.50

              	
                March
                  25, 2037

              

      

       

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

       

      
        	
                Designation

              	
                Uncertificated
                  

                REMIC
                  1 

                Pass-Through
                  Rate

              	
                Initial
                  Uncertificated 

                Principal
                  Balance

              	
                Latest
                  Possible 

                Maturity
                  Date (1)

              
	
                1-30-B

              	
                Variable(2)

              	
                $     4,721,432.50

              	
                March
                  25, 2037

              
	
                1-31-A

              	
                Variable(2)

              	
                $     4,578,175.00

              	
                March
                  25, 2037

              
	
                1-31-B

              	
                Variable(2)

              	
                $     4,578,175.00

              	
                March
                  25, 2037

              
	
                1-32-A

              	
                Variable(2)

              	
                $     4,439,307.50

              	
                March
                  25, 2037

              
	
                1-32-B

              	
                Variable(2)

              	
                $     4,439,307.50

              	
                March
                  25, 2037

              
	
                1-33-A

              	
                Variable(2)

              	
                $     6,258,480.00

              	
                March
                  25, 2037

              
	
                1-33-B

              	
                Variable(2)

              	
                $     6,258,480.00

              	
                March
                  25, 2037

              
	
                1-34-A

              	
                Variable(2)

              	
                $     4,114,442.50

              	
                March
                  25, 2037

              
	
                1-34-B

              	
                Variable(2)

              	
                $     4,114,442.50

              	
                March
                  25, 2037

              
	
                1-35-A

              	
                Variable(2)

              	
                $     5,943,205.00

              	
                March
                  25, 2037

              
	
                1-35-B

              	
                Variable(2)

              	
                $     5,943,205.00

              	
                March
                  25, 2037

              
	
                1-36-A

              	
                Variable(2)

              	
                $   46,789,817.50

              	
                March
                  25, 2037

              
	
                1-36-B

              	
                Variable(2)

              	
                $   46,789,817.50

              	
                March
                  25, 2037

              
	
                1-37-A

              	
                Variable(2)

              	
                $     2,378,240.00

              	
                March
                  25, 2037

              
	
                1-37-B

              	
                Variable(2)

              	
                $     2,378,240.00

              	
                March
                  25, 2037

              
	
                1-38-A

              	
                Variable(2)

              	
                $     2,305,925.00

              	
                March
                  25, 2037

              
	
                1-38-B

              	
                Variable(2)

              	
                $     2,305,925.00

              	
                March
                  25, 2037

              
	
                1-39-A

              	
                Variable(2)

              	
                $     2,236,040.00

              	
                March
                  25, 2037

              
	
                1-39-B

              	
                Variable(2)

              	
                $     2,236,040.00

              	
                March
                  25, 2037

              
	
                1-40-A

              	
                Variable(2)

              	
                $     2,167,945.00

              	
                March
                  25, 2037

              
	
                1-40-B

              	
                Variable(2)

              	
                $     2,167,945.00

              	
                March
                  25, 2037

              
	
                1-41-A

              	
                Variable(2)

              	
                $     2,102,157.50

              	
                March
                  25, 2037

              
	
                1-41-B

              	
                Variable(2)

              	
                $     2,102,157.50

              	
                March
                  25, 2037

              
	
                1-42-A

              	
                Variable(2)

              	
                $     2,038,405.00

              	
                March
                  25, 2037

              
	
                1-42-B

              	
                Variable(2)

              	
                $     2,038,405.00

              	
                March
                  25, 2037

              
	
                1-43-A

              	
                Variable(2)

              	
                $     1,976,260.00

              	
                March
                  25, 2037

              
	
                1-43-B

              	
                Variable(2)

              	
                $     1,976,260.00

              	
                March
                  25, 2037

              
	
                1-44-A

              	
                Variable(2)

              	
                $     1,916,332.50

              	
                March
                  25, 2037

              
	
                1-44-B

              	
                Variable(2)

              	
                $     1,916,332.50

              	
                March
                  25, 2037

              
	
                1-45-A

              	
                Variable(2)

              	
                $     1,857,982.50

              	
                March
                  25, 2037

              
	
                1-45-B

              	
                Variable(2)

              	
                $     1,857,982.50

              	
                March
                  25, 2037

              
	
                1-46-A

              	
                Variable(2)

              	
                $     1,801,637.50

              	
                March
                  25, 2037

              
	
                1-46-B

              	
                Variable(2)

              	
                $     1,801,637.50

              	
                March
                  25, 2037

              
	
                1-47-A

              	
                Variable(2)

              	
                $     1,746,657.50

              	
                March
                  25, 2037

              
	
                1-47-B

              	
                Variable(2)

              	
                $     1,746,657.50

              	
                March
                  25, 2037

              
	
                1-48-A

              	
                Variable(2)

              	
                $     1,693,560.00

              	
                March
                  25, 2037

              
	
                1-48-B

              	
                Variable(2)

              	
                $     1,693,560.00

              	
                March
                  25, 2037

              
	
                1-49-A

              	
                Variable(2)

              	
                $     1,642,102.50

              	
                March
                  25, 2037

              
	
                1-49-B

              	
                Variable(2)

              	
                $     1,642,102.50

              	
                March
                  25, 2037

              
	
                1-50-A

              	
                Variable(2)

              	
                $     1,591,980.00

              	
                March
                  25, 2037

              

      

       

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

       

      
        	
                Designation

              	
                Uncertificated
                  

                REMIC
                  1 

                Pass-Through
                  Rate

              	
                Initial
                  Uncertificated 

                Principal
                  Balance

              	
                Latest
                  Possible 

                Maturity
                  Date (1)

              
	
                1-50-B

              	
                Variable(2)

              	
                $     1,591,980.00

              	
                March
                  25, 2037

              
	
                1-51-A

              	
                Variable(2)

              	
                $     1,543,527.50

              	
                March
                  25, 2037

              
	
                1-51-B

              	
                Variable(2)

              	
                $     1,543,527.50

              	
                March
                  25, 2037

              
	
                1-52-A

              	
                Variable(2)

              	
                $     1,496,562.50

              	
                March
                  25, 2037

              
	
                1-52-B

              	
                Variable(2)

              	
                $     1,496,562.50

              	
                March
                  25, 2037

              
	
                1-53-A

              	
                Variable(2)

              	
                $     1,451,055.00

              	
                March
                  25, 2037

              
	
                1-53-B

              	
                Variable(2)

              	
                $     1,451,055.00

              	
                March
                  25, 2037

              
	
                1-54-A

              	
                Variable(2)

              	
                $     1,406,822.50

              	
                March
                  25, 2037

              
	
                1-54-B

              	
                Variable(2)

              	
                $     1,406,822.50

              	
                March
                  25, 2037

              
	
                1-55-A

              	
                Variable(2)

              	
                $     1,363,895.00

              	
                March
                  25, 2037

              
	
                1-55-B

              	
                Variable(2)

              	
                $     1,363,895.00

              	
                March
                  25, 2037

              
	
                1-56-A

              	
                Variable(2)

              	
                $     1,322,395.00

              	
                March
                  25, 2037

              
	
                1-56-B

              	
                Variable(2)

              	
                $     1,322,395.00

              	
                March
                  25, 2037

              
	
                1-57-A

              	
                Variable(2)

              	
                $     6,829,887.50

              	
                March
                  25, 2037

              
	
                1-57-B

              	
                Variable(2)

              	
                $     6,829,887.50

              	
                March
                  25, 2037

              
	
                1-58-A

              	
                Variable(2)

              	
                $   34,821,730.00

              	
                March
                  25, 2037

              
	
                1-58-B

              	
                Variable(2)

              	
                $   34,821,730.00

              	
                March
                  25, 2037

              
	
                P

              	
                Variable(2)

              	
                $               100.00

              	
                March
                  25, 2037

              
	
                OC

              	
                Variable(2)

              	
                $ 309,361,016.61

              	
                March
                  25, 2037

              

      

      ___________________

      
        	
                (1)

              	
                For
                  purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
                  the
                  Distribution Date in the month following the maturity date for
                  the
                  Mortgage Loan with the latest maturity date has been designated
                  as the
                  “latest possible maturity date” for each REMIC 1 Regular
                  Interest.

              

      

      
        	
                (2)

              	
                Calculated
                  in accordance with the definition of “Uncertificated REMIC 1 Pass-Through
                  Rate” in this Agreement.

              

      

       

      REMIC
        2

       

      As
        provided in this Agreement, the Trustee will make an election to treat the
        segregated pool of assets consisting of the REMIC 1 Regular Interests as
        a REMIC
        for federal income tax purposes, and such segregated pool of assets will
        be
        designated as “REMIC 2”. The Class R-2 Interest will represent the sole class of
        Residual Interests in REMIC 2 for purposes of the REMIC Provisions. The
        following table irrevocably sets forth the designation, the Uncertificated
        REMIC
        2 Pass-Through Rate, the initial Uncertificated Principal Balance and, for
        purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the
        “latest possible maturity date” for each of the REMIC 2 Regular Interests (as
        defined herein). None of the REMIC 2 Regular Interests will be
        certificated.

       

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

      

        
          	
                  Designation

                	 	
                  Uncertificated
                    REMIC 2 Pass-Through Rate

                	 	
                  Initial
                    Uncertificated

                  Principal
                    Balance

                	 	
                  Latest
                    Possible

                  Maturity
                    Date(1)

                
	
                  AA

                	 	
                  Variable(2)

                	 	
                  $  980,001,142.30

                	 	
                  March
                    25, 2037

                
	
                  A-1

                	 	
                  Variable(2)

                	 	
                  $     3,437,880.00

                	 	
                  March
                    25, 2037

                
	
                  A-2

                	 	
                  Variable(2)

                	 	
                  $     3,943,400.00

                	 	
                  March
                    25, 2037

                
	
                  A-3

                	 	
                  Variable(2)

                	 	
                  $     
                      979,720.00

                	 	
                  March
                    25, 2037

                
	
                  A-M

                	 	
                  Variable(2)

                	 	
                  $      
                     929,000.00

                	 	
                  March
                    25, 2037

                
	
                  M-1

                	 	
                  Variable(2)

                	 	
                  $       
                    135,000.00

                	 	
                  March
                    25, 2037

                
	
                  M-2

                	 	
                  Variable(2)

                	 	
                  $       
                    120,000.00

                	 	
                  March
                    25, 2037

                
	
                  M-3

                	 	
                  Variable(2)

                	 	
                  $        
                     75,000.00

                	 	
                  March
                    25, 2037

                
	
                  M-4

                	 	
                  Variable(2)

                	 	
                  $         
                    60,000.00

                	 	
                  March
                    25, 2037

                
	
                  M-5

                	 	
                  Variable(2)

                	 	
                  $         
                    50,000.00

                	 	
                  March
                    25, 2037

                
	
                  M-6

                	 	
                  Variable(2)

                	 	
                  $         
                    50,000.00

                	 	
                  March
                    25, 2037

                
	
                  M-7

                	 	
                  Variable(2)

                	 	
                  $         
                    35,000.00

                	 	
                  March
                    25, 2037

                
	
                  M-8

                	 	
                  Variable(2)

                	 	
                  $         
                    35,000.00

                	 	
                  March
                    25, 2037

                
	
                  B

                	 	
                  Variable(2)

                	 	
                  $         
                    50,000.00

                	 	
                  March
                    25, 2037

                
	
                  ZZ

                	 	
                  Variable(2)

                	 	
                  $  
                    10,100,023.31

                	 	
                  March
                    25, 2037

                
	
                  IO

                	 	
                  Variable(2)

                	 	
                         
                    (3)

                	 	
                  March
                    25, 2037

                
	
                  P

                	 	
                  Variable(2)

                	 	
                  $              100.00

                	 	
                  March
                    25, 2037

                

        

      

      ___________________

      
        	
                (1)

              	
                For
                  purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
                  the
                  Distribution Date in the month following the maturity date for
                  the
                  Mortgage Loan with the latest maturity date has been designated
                  as the
                  “latest possible maturity date” for each REMIC 2 Regular
                  Interest.

              

      

      
        	
                (2)

              	
                Calculated
                  in accordance with the definition of “Uncertificated REMIC 2 Pass-Through
                  Rate” in this Agreement.

              

      

      
        	
                (3)

              	
                REMIC
                  2 Regular Interest IO will not have an Uncertificated Principal
                  Balance
                  but will accrue interest on its uncertificated notional amount
                  calculated
                  in accordance with the related definition of “Uncertificated Notional
                  Amount” herein.

              

      

      

      REMIC
        3

       

      As
        provided in this Agreement, the Trustee will make an election to treat the
        segregated pool of assets consisting of the REMIC 2 Regular Interests as
        a REMIC
        for federal income tax purposes, and such segregated pool of assets will
        be
        designated as “REMIC 3”. The Class R-3 Interest will represent the sole class of
        Residual Interests in REMIC 3 for purposes of the REMIC Provisions.

       

      The
        following table irrevocably sets forth the designation, the Pass-Through
        Rate,
        the Initial Certificate Principal Balance and, for purposes of satisfying
        Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity
        date” for each class of Certificates and interests that represents ownership of
        one or more of the Regular Interests in REMIC 3 created hereunder.

       

      Each
        Certificate, other than the Class C Certificates and the Class R Certificates,
        represents ownership of a Regular Interest in REMIC 3 and also represents
        (i)
        the right to receive certain amounts specified herein in respect of Net WAC
        Shortfall Amounts (as defined herein) and (ii) the obligation to pay Class
        IO
        Distribution Amounts (as defined herein). The entitlement to principal of
        the
        Regular Interest which corresponds to each such Certificate shall be equal
        in
        amount and timing to the entitlement to principal of such Certificate. The
        Class
        C Certificates represent ownership of a Regular Interest in REMIC 3 and also
        represent (i) the obligation to pay certain amounts specified herein in respect
        of Net WAC Shortfall Amounts and (ii) the right to receive Class IO Distribution
        Amounts.

      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

       

      
        	
                Designation

              	 	
                Initial
                  Certificate Principal Balance

              	 	
                Pass-Through
                  Rate

              	 	
                Latest
                  Possible Maturity Date(1)

              
	
                A-1(2)

              	 	
                $          343,788,000.00

              	 	
                Variable(3)

              	 	
                March
                  25, 2037

              
	
                A-2(2)

              	 	
                $          394,340,000.00

              	 	
                Variable(3)

              	 	
                March
                  25, 2037

              
	
                A-3(2)

              	 	
                $            97,972,000.00

              	 	
                Variable(3)

              	 	
                March
                  25, 2037

              
	
                A-M(2)

              	 	
                $            92,900,000.00

              	 	
                Variable(3)

              	 	
                March
                  25, 2037

              
	
                M-1(2)

              	 	
                $            13,500,000.00

              	 	
                Variable(3)

              	 	
                March
                  25, 2037

              
	
                M-2(2)

              	 	
                $            12,000,000.00

              	 	
                Variable(3)

              	 	
                March
                  25, 2037

              
	
                M-3(2)

              	 	
                $              7,500,000.00

              	 	
                Variable(3)

              	 	
                March
                  25, 2037

              
	
                M-4(2)

              	 	
                $              6,000,000.00

              	 	
                Variable(3)

              	 	
                March
                  25, 2037

              
	
                M-5(2)

              	 	
                $              5,000,000.00

              	 	
                Variable(3)

              	 	
                March
                  25, 2037

              
	
                M-6(2)

              	 	
                $              5,000,000.00

              	 	
                Variable(3)

              	 	
                March
                  25, 2037

              
	
                M-7(2)

              	 	
                $              3,500,000.00

              	 	
                Variable(3)

              	 	
                March
                  25, 2037

              
	
                M-8(2)

              	 	
                $              3,500,000.00

              	 	
                Variable(3)

              	 	
                March
                  25, 2037

              
	
                B(2)

              	 	
                $              5,000,000.00

              	 	
                Variable(3)

              	 	
                March
                  25, 2037

              
	
                C
                  

              	 	
                $        10,001,165.61(4)

              	 	
                Variable(3)

              	 	
                March
                  25, 2037

              
	
                P

              	 	
                $     
                                    100.00

              	 	
                0.00%

              	 	
                March
                  25, 2037

              
	
                Class
                  IO Interest

              	 	
                (5)

              	 	
                (6)

              	 	
                March
                  25, 2037

              

      

      ___________________

      
        	
                (1)

              	
                For
                  purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
                  the
                  Distribution Date in the month following the maturity date for
                  the
                  Mortgage Loan with the latest maturity date has been designated
                  as the
                  “latest possible maturity date” for each Regular Interest in REMIC 3 the
                  ownership of which is represented by the Class A, Class B, Class
                  M, Class
                  C and Class P Certificates and the Class IO Interest.
                  

              

      

      
        	
                (2)

              	
                This
                  Class of Certificates represents ownership of a Regular Interest
                  in REMIC
                  3. Any amount distributed on this Class of Certificates on any
                  Distribution Date in excess of the amount distributable on the
                  related
                  Regular Interest in REMIC 3 on such Distribution Date shall be
                  treated for
                  federal income tax purposes as having been paid from the Net WAC
                  Shortfall
                  Reserve Fund or the Supplemental Interest Trust, as applicable,
                  and any
                  amount distributable on the related Regular Interest in REMIC 3
                  on such
                  Distribution Date in excess of the amount distributable on such
                  Class of
                  Certificates on such Distribution Date shall be treated for such
                  purposes
                  as having been distributed to the Holders of such Certificates
                  and then
                  paid by such Holders to the Supplemental Interest Trust, all pursuant
                  to
                  and as further provided in Section 4.09
                  hereof.

              

      

      
        	
                (3)

              	
                Calculated
                  in accordance with the definition of “Pass-Through Rate” in this
                  Agreement. Each
                  Regular Interest in REMIC 3 which corresponds to a Class A, Class
                  M or
                  Class B Certificate will have the same Pass-Through Rate as such
                  Certificate, except with respect to the related Net WAC Rate. The
                  Net WAC
                  Rate for each such Regular Interest in REMIC 3 and Certificate
                  is
                  specified in the related definition of “Net WAC Rate
                  .”

              

      

      
        	
                (4)

              	
                The
                  Class C Certificates will not accrue interest on its Certificate
                  Principal
                  Balance, but will accrue interest at its variable Pass-Through
                  Rates on
                  its Notional Balance outstanding from time to time, which shall
                  equal the
                  aggregate Uncertificated Principal Balance of the REMIC 2 Regular
                  Interests (other than REMIC 2 Regular Interest P).
                  

              

      

      
        	
                (5)

              	
                The
                  Class IO Interest will not have a principal balance, but will have
                  a
                  notional amount equal to the Uncertificated Notional Amount of
                  REMIC 2
                  Regular Interest IO.

              

      

      
        	
                (6)

              	
                The
                  Class IO Interest will not have a Pass-Through Rate, but will be
                  entitled
                  to 100% of the amounts distributed on REMIC 2 Regular Interest
                  IO.

              

      

      

      
        
          
          

        

        
          16

          
            

          

        

        
          
          

        

      

      

        ARTICLE
          I

        

        DEFINITIONS

        

        Section
          1.01. Defined
          Terms.

        

        Whenever
          used in this Agreement, the following words and phrases, unless the context
          otherwise requires, shall have the meanings specified in this Article.
          Unless
          otherwise specified, all calculations in respect of interest on the Class
          A,
          Class M and Class B Certificates shall accrue on the basis of a 360-day
          year and
          the actual number of days in the related Accrual Period. All calculations
          of
          interest on the Class C Certificates will be made on the basis of a 360-day
          year
          consisting of twelve 30-day months. The Class P and Class R Certificates
          do not
          accrue interest.

        

        “Accrual
          Period”: With respect to each Class of Certificates (other than the Class C,
          Class P and Class R Certificates) and (i) with respect to the Distribution
          Date
          in March 2007, the period commencing on the Closing Date and ending on
          the day
          preceding the Distribution Date in March 2007, and (ii) with respect to
          any
          Distribution Date after the Distribution Date in March 2007, the period
          commencing on the Distribution Date in the month immediately preceding
          the month
          in which such Distribution Date occurs and ending on the day preceding
          such
          Distribution Date. With respect to the Class C Certificates and any Distribution
          Date, the calendar month immediately preceding such Distribution
          Date.

        

        “Adjustment
          Date”: As to each adjustable-rate Mortgage Loan, each date set forth in the
          related Mortgage Note on which an adjustment to the interest rate on such
          Mortgage Loan becomes effective.

        

        “Advance”:
          As to any Mortgage Loan, any advance made by the Sub-Servicer or Master
          Servicer
          on any Distribution Date pursuant to Section 4.03.

        

        “Affected
          Party”: As defined in the Interest Rate Swap Agreement.

        

        “Affiliate”:
          With respect to any Person, any other Person controlling, controlled by
          or under
          common control with such Person. For purposes of this definition, “control”
means the power to direct the management and policies of a Person, directly
          or
          indirectly, whether through ownership of voting securities, by contract
          or
          otherwise and “controlling” and “controlled” shall have meanings correlative to
          the foregoing.

        

        “Aggregate
          Stated Principal Balance”: As of any date of determination, the aggregate Stated
          Principal Balance of the Mortgage Loans.

        

        “Agreement”:
          This Pooling and Servicing Agreement and all amendments hereof.

        

        
          
            
            

          

          
            17

            
              

            

          

          
            
            

          

        

        “Allocated
          Realized Loss Amount”: With respect to any Class of Class A, Class M and Class B
          Certificates and any Distribution Date, an amount equal to the sum of any
          Realized Loss allocated to that Class of Certificates on that Distribution
          Date
          and any Allocated Realized Loss Amount for that Class remaining unpaid
          from any
          previous Distribution Date, minus any Subsequent Recoveries applied to
          such
          Allocated Realized Loss Amount.

        

        “Assessment
          of Compliance”: As defined in Section 3.20.

        

        “Assignment”:
          An assignment of Mortgage, notice of transfer or equivalent instrument,
          in
          recordable form, which is sufficient under the laws of the jurisdiction
          wherein
          the related Mortgaged Property is located to reflect of record the sale
          of the
          Mortgage.

        

        “Attestation
          Report”: As defined in Section 3.20.

        

        “Available
          Distribution Amount”: With respect to any Distribution Date, an amount equal to
          the amount received by the Trustee and available in the Certificate Account
          on
          that Distribution Date. The Available Distribution Amount will be equal
          to (i)
          the sum of (1) the aggregate amount of scheduled payments on the Mortgage
          Loans
          received or advanced that were due during the related Due Period and (2)
          any
          unscheduled payments and receipts, including mortgagor prepayments on such
          Mortgage Loans, Insurance Proceeds, Liquidation Proceeds and Subsequent
          Recoveries, received during the related Prepayment Period, in each case
          net of
          amounts reimbursable therefrom to the Trustee, the Master Servicer, the
          Supplemental Interest Trust Trustee and any Sub-Servicer, minus (ii) (1)
          Master
          Servicing Fees, Subservicing Fees and any amounts needed to reimburse the
          Master
          Servicer for amounts due under the this Agreement to the extent such amounts
          have not been retained by, or paid previously to the Master Servicer, and
          any
          amounts in respect of the premiums payable to the PMI Insurer under the
          PMI
          Insurer Policy and (2) amounts payable by the trust to the Supplemental
          Interest
          Trust in respect of Net Swap Payments and Swap Termination Payments other
          than
          Swap Termination Payments resulting from a Swap Provider Trigger
          Event.

        

        “Balloon
          Loan”: Each of the Mortgage Loans identified in the Mortgage Loan Schedule as
          having an original term to maturity that is shorter than the related
          amortization term.

        

        “Balloon
          Payment”: With respect to any Balloon Loan, the related Monthly Payment payable
          on the stated maturity date of such Balloon Loan.  

        

        “Bankruptcy
          Code”: The Bankruptcy Code of 1978, as amended.

        

        “Basic
          Principal Distribution Amount”: With respect to any Distribution Date, the
          excess of (i) the Principal Remittance Amount for such Distribution Date
          over
          (ii) the Overcollateralization Release Amount, if any, for such Distribution
          Date.

        

        “Book-Entry
          Certificate”: Each class of the Class A, Class M and Class B Certificates for so
          long as they are issued, maintained and transferred at the
          Depository.

        

        
          
            
            

          

          
            18

            
              

            

          

          
            
            

          

        

        “Business
          Day”: Any day other than a Saturday, a Sunday or a day on which banking
          institutions in California or New York (and such other state or states
          in which
          the Custodial Account or the Certificate Account are at the time located)
          or in
          the city in which the Corporate Trust Office of the Trustee is located
          are
          authorized or obligated by law or executive order to close.

        

        “Cap
          Contract I”: The letter of agreement dated February 22, 2007, between the Cap
          Counterparty and Deutsche Bank National Trust Company, not in its individual
          capacity, but solely as Supplemental Interest Trust Trustee, a form of
          which is
          attached hereto as Exhibit M.

        

        “Cap
          Contract II”: The letter of agreement dated February 22, 2007, between the Cap
          Counterparty and Deutsche Bank National Trust Company, not in its individual
          capacity, but solely as Supplemental Interest Trust Trustee, a form of
          which is
          attached hereto as Exhibit M.

        

        “Cap
          Contract III”: The letter of agreement dated February 22, 2007, between the Cap
          Counterparty and Deutsche Bank National Trust Company, not in its individual
          capacity, but solely as Supplemental Interest Trust Trustee, a form of
          which is
          attached hereto as Exhibit M.

        

        “Cap
          Contract IV”: The letter of agreement dated February 22, 2007, between the Cap
          Counterparty and Deutsche Bank National Trust Company, not in its individual
          capacity, but solely as Supplemental Interest Trust Trustee, a form of
          which is
          attached hereto as Exhibit M.

        

        “Cap
          Contract V”: The letter of agreement dated February 22, 2007, between the Cap
          Counterparty and Deutsche Bank National Trust Company, not in its individual
          capacity, but solely as Supplemental Interest Trust Trustee, a form of
          which is
          attached hereto as Exhibit M.

        

        “Cap
          Contract VI”: The letter of agreement dated February 22, 2007, between the Cap
          Counterparty and Deutsche Bank National Trust Company, not in its individual
          capacity, but solely as Supplemental Interest Trust Trustee, a form of
          which is
          attached hereto as Exhibit M.

        

        “Cap
          Contract VII”: The letter of agreement dated February 22, 2007, between the Cap
          Counterparty and Deutsche Bank National Trust Company, not in its individual
          capacity, but solely as Supplemental Interest Trust Trustee, a form of
          which is
          attached hereto as Exhibit M.

        

        “Cap
          Contract VIII”: The letter of agreement dated February 22, 2007, between the Cap
          Counterparty and Deutsche Bank National Trust Company, not in its individual
          capacity, but solely as Supplemental Interest Trust Trustee, a form of
          which is
          attached hereto as Exhibit M.

        

        “Cap
          Contract IX”: The letter of agreement dated February 22, 2007, between the Cap
          Counterparty and Deutsche Bank National Trust Company, not in its individual
          capacity, but solely as Supplemental Interest Trust Trustee, a form of
          which is
          attached hereto as Exhibit M.

        

        
          
            
            

          

          
            19

            
              

            

          

          
            
            

          

        

        “Cap
          Contract X”: The letter of agreement dated February 22, 2007, between the Cap
          Counterparty and Deutsche Bank National Trust Company, not in its individual
          capacity, but solely as Supplemental Interest Trust Trustee, a form of
          which is
          attached hereto as Exhibit M.

        

        “Cap
          Contract XI”: The letter of agreement dated February 22, 2007, between the Cap
          Counterparty and Deutsche Bank National Trust Company, not in its individual
          capacity, but solely as Supplemental Interest Trust Trustee, a form of
          which is
          attached hereto as Exhibit M.

        

        “Cap
          Contract XII”: The letter of agreement dated February 22, 2007, between the Cap
          Counterparty and Deutsche Bank National Trust Company, not in its individual
          capacity, but solely as Supplemental Interest Trust Trustee, a form of
          which is
          attached hereto as Exhibit M.

        

        “Cap
          Contract XIII”: The letter of agreement dated February 22, 2007, between the Cap
          Counterparty and Deutsche Bank National Trust Company, not in its individual
          capacity, but solely as Supplemental Interest Trust Trustee, a form of
          which is
          attached hereto as Exhibit M.

        

        “Cap
          Contract XIV”: The letter of agreement dated February 22, 2007, between the Cap
          Counterparty and Deutsche Bank National Trust Company, not in its individual
          capacity, but solely as Supplemental Interest Trust Trustee, a form of
          which is
          attached hereto as Exhibit M.

        

        “Cap
          Contracts”: Cap Contract I, Cap Contract II, Cap Contract III, Cap Contract IV,
          Cap Contract V, Cap Contract VI, Cap Contract VII, Cap Contract VIII, Cap
          Contract IX, Cap Contract X, Cap Contract XI, Cap Contract XII, Cap Contract
          XIII and Cap Contract XIV.

        

        “Cap
          Counterparty”: The cap provider under each of the Cap Contracts required to make
          payments to the Supplemental Interest Trust for payment to the Trust Fund
          pursuant to the terms of the Cap Contracts, and any successor in interest
          or
          assign. Initially, the Cap Counterparty shall be Bear Stearns Financial
          Products
          Inc.

        

        “Cash
          Liquidation”: As to any defaulted Mortgage Loan other than a Mortgage Loan as to
          which an REO Acquisition occurred, a determination by the Master Servicer
          that
          it has received all Insurance Proceeds, Liquidation Proceeds and other
          payments
          or cash recoveries which the Master Servicer reasonably and in good faith
          expects to be finally recoverable with respect to such Mortgage
          Loan.

        

        “Certificate”:
          Any Regular Certificate or Class R Certificate.

        

        “Certificate
          Account”: The trust account or accounts created and maintained pursuant to
          Section 4.01, which shall be entitled Deutsche Bank National Trust Company,
          in
          trust for registered holders of Impac Secured Assets Corp., Mortgage
          Pass-Through Certificates, Series 2007-1, and which account or accounts
          must
          each be an Eligible Account.

        

        “Certificate
          Account Deposit Date”: With respect to any Distribution Date, the Business Day
          immediately preceding such Distribution Date.

        

        
          
            
            

          

          
            20

            
              

            

          

          
            
            

          

        

        “Certificate
          Margin”: The Certificate Margin for the Class A, Class M and Class B
          Certificates shall be:

        

        
          	
                  Certificate
                    Margin

                
	
                  Class
                    

                	
                    (1)  

                	
                    (2)  

                
	
                  A-1

                	
                  0.060%

                	
                  0.120%

                
	
                  A-2

                	
                  0.160%

                	
                  0.320%

                
	
                  A-3

                	
                  0.240%

                	
                  0.480%

                
	
                  A-M

                	
                  0.220%

                	
                  0.440%

                
	
                  M-1

                	
                  0.270%

                	
                  0.405%

                
	
                  M-2

                	
                  0.280%

                	
                  0.420%

                
	
                  M-3

                	
                  0.310%

                	
                  0.465%

                
	
                  M-4

                	
                  0.410%

                	
                  0.615%

                
	
                  M-5

                	
                  0.430%

                	
                  0.645%

                
	
                  M-6

                	
                  0.470%

                	
                  0.705%

                
	
                  M-7

                	
                  1.150%

                	
                  1.725%

                
	
                  M-8

                	
                  1.250%

                	
                  1.875%

                
	
                  B

                	
                  1.250%

                	
                  1.875%

                

        

        ______

        (1) Initially.

        (2) On
          and
          after the Step-Up Date.

        

        “Certificate
          Owner”: With respect to a Book-Entry Certificate, the Person who is the
          beneficial owner of such Certificate, as reflected on the books of an indirect
          participating brokerage firm for which a Depository Participant acts as
          agent,
          if any, and otherwise on the books of a Depository Participant, if any,
          and
          otherwise on the books of the Depository.

        

        “Certificate
          Principal Balance”: With respect to any Certificate (other than the Class C
          Certificates and Class R Certificates) as of any date of determination,
          the
          Initial Certificate Principal Balance thereof, increased by any Subsequent
          Recoveries allocated thereto, and reduced by the aggregate of (a) all amounts
          allocable to principal previously distributed with respect to such Certificate
          and (b) any reductions in the Certificate Principal Balance thereof deemed
          to
          have occurred in connection with allocations of Realized Losses in the
          manner
          described herein. With respect to the Class C Certificates as of any date
          of
          determination, an amount equal to the excess, if any, of (a) the then aggregate
          Uncertificated Principal Balance of the REMIC 2 Regular Interests over
          (b) the
          then aggregate Certificate Principal Balance of the Class A, Class M, Class
          B
          and Class P Certificates then outstanding. 

        

        “Certificate
          Register”: The register maintained pursuant to Section 5.02.

        

        
          
            
            

          

          
            21

            
              

            

          

          
            
            

          

        

        “Certificateholder”
          or “Holder”: The Person in whose name a Certificate is registered in the
          Certificate Register, except that only a Permitted Transferee shall be
          a holder
          of a Residual Certificate for any purposes hereof and, solely for the purposes
          of giving any consent pursuant to this Agreement, any Certificate registered
          in
          the name of the Depositor or the Master Servicer or any affiliate thereof
          shall
          be deemed not to be outstanding and the Voting Rights to which such Certificate
          is entitled shall not be taken into account in determining whether the
          requisite
          percentage of Voting Rights necessary to effect any such consent has been
          obtained, except as otherwise provided in Section 11.01. The Trustee shall
          be
          entitled to rely upon a certification of the Depositor or the Master Servicer
          in
          determining if any Certificates are registered in the name of the respective
          affiliate. All references in this Agreement to “Holders” or “Certificateholders”
shall reflect the rights of Certificate Owners as they may indirectly exercise
          such rights through the Depository and participating members thereof, except
          as
          otherwise specified in this Agreement; provided,
          however,
          that
          the Trustee shall be required to recognize as a “Holder” or “Certificateholder”
only the Person in whose name a Certificate is registered in the Certificate
          Register.

        

        “Class”:
          Collectively, all of the Certificates bearing the same designation.

        

        “Class
          A
          Certificates”: The Class A-1, Class A-2, Class A-3 and Class A-M
          Certificates.

        

        “Class
          A-1 Certificate”: Any one of the Class A-1 Certificates as designated on the
          face thereof substantially in the form annexed hereto as Exhibit A, executed
          by
          the Trustee and authenticated and delivered by the Trustee, representing
          the
          right to distributions as set forth herein and therein and evidencing (i)
          a
          Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall
          Amounts
          and (iii) the obligation to pay Class IO Distribution Amounts.

        

        “Class
          A-2 Certificate”: Any one of the Class A-2 Certificates as designated on the
          face thereof substantially in the form annexed hereto as Exhibit A, executed
          by
          the Trustee and authenticated and delivered by the Trustee, representing
          the
          right to distributions as set forth herein and therein and evidencing (i)
          a
          Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall
          Amounts
          and (iii) the obligation to pay Class IO Distribution Amounts.

        

        “Class
          A-3 Certificate”: Any one of the Class A-3 Certificates as designated on the
          face thereof substantially in the form annexed hereto as Exhibit A, executed
          by
          the Trustee and authenticated and delivered by the Trustee, representing
          the
          right to distributions as set forth herein and therein and evidencing (i)
          a
          Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall
          Amounts
          and (iii) the obligation to pay Class IO Distribution Amounts.

        

        “Class
          A-M Certificate”: Any one of the Class A-M Certificates as designated on the
          face thereof substantially in the form annexed hereto as Exhibit A, executed
          by
          the Trustee and authenticated and delivered by the Trustee, representing
          the
          right to distributions as set forth herein and therein and evidencing (i)
          a
          Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall
          Amounts
          and (iii) the obligation to pay Class IO Distribution Amounts.

        

        
          
            
            

          

          
            22

            
              

            

          

          
            
            

          

        

        “Class
          A
          Principal Distribution Amount”: For any Distribution Date, the excess of (1) the
          aggregate Certificate Principal Balance of the Class A Certificates immediately
          prior to such Distribution Date, over (2) the lesser of (x) 85.80% of the
          Aggregate Stated Principal Balance of the Mortgage Loans for such Distribution
          Date after giving effect to distributions made on that Distribution Date
          and (y)
          the Aggregate Stated Principal Balance of the Mortgage Loans for such
          Distribution Date after giving effect to distributions to be made on that
          Distribution Date minus the Overcollateralization Floor.

        

        “Class
          B
          Certificate”: Any one of the Class B Certificates as designated on the face
          thereof substantially in the form annexed hereto as Exhibit B-2, executed
          by the
          Trustee and authenticated and delivered by the Trustee, representing the
          right
          to distributions as set forth herein and therein and evidencing (i) a Regular
          Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall Amounts
          and
          (iii) the obligation to pay Class IO Distribution Amounts.

        

        “Class
          C
          Certificates”: Any one of the Class C Certificates as designated on the face
          thereof substantially in the form annexed hereto as Exhibit B-3, executed
          by the
          Trustee and authenticated and delivered by the Trustee, representing the
          right
          to distributions as set forth herein and therein and evidencing (i) a Regular
          Interest in REMIC 3, (ii) the obligation to pay Net WAC Shortfall Amounts
          and
          (iii) the right to receive Class IO Distribution Amounts.

        

        “Class
          C
          Distribution Amount”: With respect to any Distribution Date, the sum of (i) the
          Monthly Interest Distributable Amount for the Class C Certificates for
          such
          Distribution Date, (ii) any Overcollateralization Release Amount for such
          Distribution Date and (iii) without duplication, any Subsequent Recoveries
          not
          distributed to the Class A, Class B and Class M Certificates on such
          Distribution Date; provided, however that on any Distribution Date after
          the
          Distribution Date on which the Certificate Principal Balances of the Class
          A,
          Class B and Class M Certificates have been reduced to zero, the Class C
          Distribution Amount shall include the Overcollateralized Amount.

        

        “Class
          IO
          Interest”: An uncertificated interest in the Trust Fund held by the Trustee on
          behalf of the Supplemental Interest Trust, evidencing a Regular Interest
          in
          REMIC 3 for purposes of the REMIC Provisions.

        

        “Class
          IO
          Distribution Amount”: As defined in Section 4.09 hereof. For purposes of
          clarity, the Class IO Distribution Amount for any Distribution Date shall
          equal
          the amount payable to the Supplemental Interest Trust with respect to the
          Interest Rate Swap Agreement pursuant to the fourth paragraph of Section
          4.01(a)
          (except for the last sentence thereof) on such Distribution Date in excess
          of
          the amount payable on the Class IO Interest on such Distribution Date,
          all as
          further provided in Section 4.09 hereof. 

        

        “Class
          M
          Certificates”: The Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class
          M-6, Class M-7 and Class M-8 Certificates.

        

        
          
            
            

          

          
            23

            
              

            

          

          
            
            

          

        

        “Class
          M-1 Certificate”: Any one of the Class M-1 Certificates as designated on the
          face thereof substantially in the form annexed hereto as Exhibit B-1, executed
          by the Trustee and authenticated and delivered by the Trustee, representing
          the
          right to distributions as set forth herein and therein and evidencing (i)
          a
          Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall
          Amounts
          and (iii) the obligation to pay Class IO Distribution Amounts.

        

        “Class
          M-2 Certificate”: Any one of the Class M-2 Certificates as designated on the
          face thereof substantially in the form annexed hereto as Exhibit B-1, executed
          by the Trustee and authenticated and delivered by the Trustee, representing
          the
          right to distributions as set forth herein and therein and evidencing (i)
          a
          Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall
          Amounts
          and (iii) the obligation to pay Class IO Distribution Amounts.

        

        “Class
          M-3 Certificate”: Any one of the Class M-3 Certificates as designated on the
          face thereof substantially in the form annexed hereto as Exhibit B-1, executed
          by the Trustee and authenticated and delivered by the Trustee, representing
          the
          right to distributions as set forth herein and therein and evidencing (i)
          a
          Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall
          Amounts
          and (iii) the obligation to pay Class IO Distribution Amounts.

        

        “Class
          M-4 Certificate”: Any one of the Class M-4 Certificates as designated on the
          face thereof substantially in the form annexed hereto as Exhibit B-1, executed
          by the Trustee and authenticated and delivered by the Trustee, representing
          the
          right to distributions as set forth herein and therein and evidencing (i)
          a
          Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall
          Amounts
          and (iii) the obligation to pay Class IO Distribution Amounts.

        

        “Class
          M-5 Certificate”: Any one of the Class M-5 Certificates as designated on the
          face thereof substantially in the form annexed hereto as Exhibit B-1, executed
          by the Trustee and authenticated and delivered by the Trustee, representing
          the
          right to distributions as set forth herein and therein and evidencing (i)
          a
          Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall
          Amounts
          and (iii) the obligation to pay Class IO Distribution Amounts.

        

        “Class
          M-6 Certificate”: Any one of the Class M-6 Certificates as designated on the
          face thereof substantially in the form annexed hereto as Exhibit B-1, executed
          by the Trustee and authenticated and delivered by the Trustee, representing
          the
          right to distributions as set forth herein and therein and evidencing (i)
          a
          Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall
          Amounts
          and (iii) the obligation to pay Class IO Distribution Amounts.

        

        “Class
          M-7 Certificate”: Any one of the Class M-7 Certificates as designated on the
          face thereof substantially in the form annexed hereto as Exhibit B-1, executed
          by the Trustee and authenticated and delivered by the Trustee, representing
          the
          right to distributions as set forth herein and therein and evidencing (i)
          a
          Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall
          Amounts
          and (iii) the obligation to pay Class IO Distribution Amounts.

        

        “Class
          M-8 Certificate”: Any one of the Class M-8 Certificates as designated on the
          face thereof substantially in the form annexed hereto as Exhibit B-1, executed
          by the Trustee and authenticated and delivered by the Trustee, representing
          the
          right to distributions as set forth herein and therein and evidencing (i)
          a
          Regular Interest in REMIC 3, (ii) the right to receive Net WAC Shortfall
          Amounts
          and (iii) the obligation to pay Class IO Distribution Amounts.

        

        
          
            
            

          

          
            24

            
              

            

          

          
            
            

          

        

        “Class
          P
          Certificate”: Any one of the Class P Certificates as designated on the face
          thereof substantially in the form annexed hereto as Exhibit B-4, executed
          by the
          Trustee and authenticated and delivered by the Trustee, representing the
          right
          to distributions as set forth herein and therein and evidencing (i) a Regular
          Interest in REMIC 3 and (ii) the right to receive any Master Servicer Prepayment
          Charge Payment Amounts.

        

        “Class
          R
          Certificate”: Any one of the Class R Certificates as designated on the face
          thereof substantially in the form annexed hereto as Exhibit B-5, evidencing
          the
          ownership of the Class R-1 Interest, Class R-2 Interest and Class R-3
          Interest.

        

        “Class
          R-1 Interest”: The uncertificated Residual Interest in REMIC 1.

        

        “Class
          R-2 Interest”: The uncertificated Residual Interest in REMIC 2.

        

        “Class
          R-3 Interest”: The uncertificated Residual Interest in REMIC 3.

        

        “Closing
          Date”: February 22, 2007.

        

        “Code”:
          The Internal Revenue Code of 1986.

        

        “Collateral
          Account”: Shall mean the segregated trust account created and maintained by the
          Custodian pursuant to Section 4.11 hereof.

        

        “Collateral
          Value”: The appraised value of a Mortgaged Property based upon the lesser of
          (i)
          the appraisal (as reviewed and approved by the Sponsor) made at the time
          of the
          origination of the related Mortgage Loan, or (ii) the sales price of such
          Mortgaged Property at such time of origination. With respect to a Mortgage
          Loan
          the proceeds of which were used to refinance an existing mortgage loan,
          the
          appraised value of the Mortgaged Property based upon the appraisal (as
          reviewed
          and approved by the Sponsor) obtained at the time of refinancing.

        

        “Commission”:
          The Securities and Exchange Commission.

        

        “Compensating
          Interest”: With respect to any Distribution Date, any payments made by the
          Sub-Servicer or the Master Servicer from its own funds to cover Prepayment
          Interest Shortfalls, which shall be equal to the lesser of the sum of the
          Master
          Servicing and Subservicing Fees for the related Distribution Date, and
          the
          Prepayment Interest Shortfall for such Distribution Date.

        

        “Corporate
          Trust Office”: The principal corporate trust office of the Trustee at which at
          any particular time its corporate trust business related to this Agreement
          shall
          be administered, which office at the date of the execution of this Agreement
          is
          located at 1761 East St. Andrew Place, Santa Ana, California 92705, Attention:
          Corporate Trust, Impac Secured Assets Corp. Series 2007-1 (IM07S1).

        

        
          
            
            

          

          
            25

            
              

            

          

          
            
            

          

        

        “Corresponding
          Certificate”: With respect to each REMIC 2 Regular Interest (other than REMIC 2
          Regular Interests AA, IO and ZZ), the Certificate with the corresponding
          designation. With respect to each REMIC 3 Regular Interest (other than
          the Class
          IO Interest), the related Certificate representing an ownership
          therein.

        

        “Countrywide”:
          Countrywide Home Loans Servicing LP, or its successor in interest.

        

        “Credit
          Enhancement Percentage”: For any Distribution Date after the Stepdown Date, the
          percentage equivalent of a fraction, the numerator of which is equal to
          (a) the
          excess of (i) the Aggregate Stated Principal Balance of the Mortgage Loans
          for
          such Distribution Date (after giving effect to scheduled payments of principal
          due during the related Due Period, to the extent received or advanced,
          and
          unscheduled collections of principal received during the related Prepayment
          Period) over (ii) (1) before the aggregate Certificate Principal Balance
          of the
          Class A Certificates have been reduced to zero, the aggregate Certificate
          Principal Balance of the Class A Certificates (after taking into account
          distribution of the Principal Distribution Amount for such Distribution
          Date),
          or (2) after such time, the Certificate Principal Balance of the most senior
          class of Subordinate Certificates outstanding (after taking into account
          distribution of the Principal Distribution Amount for such Distribution
          Date)
          and the denominator of which is equal to (b) the Aggregate Stated Principal
          Balance of the Mortgage Loans for such Distribution Date (after giving
          effect to
          scheduled payments of principal due during the related Due Period, to the
          extent
          received or advanced, and unscheduled collections of principal received
          during
          the related Prepayment Period).

        

        “Credit
          Support Annex”: The credit support annex, dated as of February 22, 2007, between
          the Supplemental Interest Trust Trustee and Bear Stearns Financial Products
          Inc.

        

        “Current
          Report”: The Current Report pursuant to Section 13 or 15(d) of the Exchange
          Act.

        

        “Curtailment”:
          Any Principal Prepayment made by a Mortgagor which is not a Principal Prepayment
          in Full. 

        

        “Custodial
          Account”: The custodial account or accounts created and maintained pursuant to
          Section 3.10 in the name of a depository institution, as custodian for
          the
          Holders of the Certificates. Any such account or accounts shall be an Eligible
          Account.

        

        “Custodian”:
          As defined in Section 4.11.

        

        “Cut-off
          Date”: February 1, 2007.

        

        
          
            
            

          

          
            26

            
              

            

          

          
            
            

          

        

        “Cut-off
          Date Balance”: The Aggregate Stated Principal Balance of the Mortgage Loans as
          of the Cut-off Date.

        

        “Defaulted
          Mortgage Loan” means any Mortgage Loan as to which the Mortgagor has failed to
          make unexcused three or more consecutive scheduled Monthly
          Payments.

        

        “Defaulting
          Party”: As defined in the Interest Rate Swap Agreement.

        

        “Deficient
          Valuation”: With respect to any Mortgage Loan, a valuation by a court of
          competent jurisdiction of the Mortgaged Property in an amount less than
          the then
          outstanding indebtedness under the Mortgage Loan, or any reduction in the
          amount
          of principal to be paid in connection with any scheduled Monthly Payment
          that
          constitutes a permanent forgiveness of principal, which valuation or reduction
          results from a proceeding under the Bankruptcy Code.

        

        “Definitive
          Certificate”: Any definitive, fully registered Certificate.

        

        “Deleted
          Mortgage Loan”: A Mortgage Loan replaced or to be replaced with a Qualified
          Substitute Mortgage Loan.

        

        “Delinquent”:
          A Mortgage Loan is “delinquent” if any payment due thereon is not made pursuant
          to the terms of such Mortgage Loan by the close of business on the day
          such
          payment is scheduled to be due. A Mortgage Loan is “30 days delinquent” if such
          payment has not been received by the close of business on the corresponding
          day
          of the month immediately succeeding the month in which such payment was
          due, or,
          if there is no such corresponding day (e.g., as when a 30-day month follows
          a
          31-day month in which a payment was due on the 31st day of such month),
          then on
          the last day of such immediately succeeding month. Similarly for “60 days
          delinquent,” “90 days delinquent” and so on.

        

        “Depositor”
          Impac Secured Assets Corp., or its successor in interest.

        

        “Depository”:
          The Depository Trust Company, or any successor Depository hereafter named.
          The
          nominee of the initial Depository for purposes of registering those Certificates
          that are to be Book-Entry Certificates is Cede & Co. The Depository shall at
          all times be a “clearing corporation” as defined in Section 8-102(5) of the
          Uniform Commercial Code of the State of New York and a “clearing agency”
registered pursuant to the provisions of Section 17A of the Securities
          Exchange
          Act of 1934, as amended.

        

        “Depository
          Participant”: A broker, dealer, bank or other financial institutions or other
          Person for whom from time to time a Depository effects book-entry transfers
          and
          pledges of securities deposited with the Depository.

        

        “Derivative
          Account”: As defined in Section 4.09(i).

        

        
          
            
            

          

          
            27

            
              

            

          

          
            
            

          

        

        “Derivative
          Contract”: Any of the Cap Contracts or Interest Rate Swap Agreement, as
          applicable.

        

        “Derivative
          Termination Payment”: Any termination payment due under a Derivative Contract
          upon the early termination of such Derivative Contract.

        

        “Determination
          Date”: With respect to any Distribution Date, the 15th day of the month in which
          such Distribution Date occurs or, if such day is not a Business Day, on
          the
          immediately preceding Business Day.

        

        “Disqualified
          Organization”: Any organization defined as a “disqualified organization” under
          Section 860E(e)(5) of the Code, which includes any of the following: (i)
          the
          United States, any State or political subdivision thereof, any possession
          of the
          United States, or any agency or instrumentality of any of the foregoing
          (other
          than an instrumentality which is a corporation if all of its activities
          are
          subject to tax and, except for the Freddie Mac, a majority of its board
          of
          directors is not selected by such governmental unit), (ii) a foreign government,
          any international organization, or any agency or instrumentality of any
          of the
          foregoing, (iii) any organization (other than certain farmers' cooperatives
          described in Section 521 of the Code) which is exempt from the tax imposed
          by
          Chapter 1 of the Code (including the tax imposed by Section 511 of the
          Code on
          unrelated business taxable income), (iv) rural electric and telephone
          cooperatives described in Section 1381(a)(2)(C) of the Code and (v) any
          other
          Person so designated by the Trustee based upon an Opinion of Counsel that
          the
          holding of an Ownership Interest in a Class R Certificate by such Person
          may
          cause REMIC 1, REMIC 2 or REMIC 3 or any Person having an Ownership Interest
          in
          any Class of Certificates (other than such Person) to incur a liability
          for any
          federal tax imposed under the Code that would not otherwise be imposed
          but for
          the Transfer of an Ownership Interest in a Class R Certificate to such
          Person.
          The terms “United States”, “State” and “international organization” shall have
          the meanings set forth in Section 7701 of the Code or successor
          provisions.

        

        “Distribution
          Date”: The 25th day of any month, or if such 25th day is not a Business Day,
          the
          Business Day immediately following such 25th day, commencing in March
          2007.

        

        “Distribution
          Report” The Asset-Backed Issuer Distribution Report pursuant to Section 13 or
          15(d) of the Exchange Act. 

        

        “Due
          Date”: With respect to each Mortgage Loan, the first day of the month of the
          related Distribution Date.

        

        “Due
          Period”: With respect to any Distribution Date, the period commencing on the
          second day of the month preceding the month in which such Distribution
          Date
          occurs (or, with respect to the first Due Period, the day following the
          Cut-off
          Date) and ending on the first day of the month in which such Distribution
          Date
          occurs.

        

        
          
            
            

          

          
            28

            
              

            

          

          
            
            

          

        

        “Eligible
          Account”: Any of (i) a segregated account maintained with a federal or state
          chartered depository institution (A) the short-term obligations of which
          are
          rated A-1+ or better by Standard & Poor's and P-1 by Moody's at the time of
          any deposit therein or if such account is maintained with PNC Bank, National
          Association, rated no less than A-1 by Standard & Poor’s and no less than
          P-1 by Moody’s or (B) insured by the FDIC (to the limits established by such
          Corporation), the uninsured deposits in which account are otherwise secured
          such
          that, as evidenced by an Opinion of Counsel (obtained by the Person requesting
          that the account be held pursuant to this clause (ii)) delivered to the
          Trustee
          prior to the establishment of such account, the Certificateholders will
          have a
          claim with respect to the funds in such account and a perfected first priority
          security interest against any collateral (which shall be limited to Permitted
          Investments, each of which shall mature not later than the Business Day
          immediately preceding the Distribution Date next following the date of
          investment in such collateral or the Distribution Date if such Permitted
          Investment is an obligation of the institution that maintains the Certificate
          Account, Insurance Account or Custodial Account) securing such funds that
          is
          superior to claims of any other depositors or general creditors of the
          depository institution with which such account is maintained, (ii) a segregated
          trust account or accounts maintained with a federal or state chartered
          depository institution or trust company subject to regulations regarding
          fiduciary funds on deposit similar to Title 12 of the Code of Federal
          Regulations Section 9.10(b), which, in either case, has corporate trust
          powers,
          acting in its fiduciary capacity or (iii) a segregated account or accounts
          of a
          depository institution acceptable to the Rating Agencies (as evidenced
          in
          writing by the Rating Agencies that use of any such account as the Custodial
          Account or the Certificate Account will not have an adverse effect on the
          then-current ratings assigned to the Classes of the Certificates then rated
          by
          the Rating Agencies). Eligible Accounts may bear interest.

        

        “Estimated
          Swap Termination Payment”: As defined in the Interest Rate Swap
          Agreement.

        

        “Event
          of
          Default”: One or more of the events described in Section 7.01.

        

        “Excess
          Proceeds”: As defined in Section 3.22.

        

        “Exchange
          Act”: The Securities Exchange Act of 1934, as amended, and the rules and
          regulations promulgated thereunder.

        

        “Extra
          Principal Distribution Amount”: With respect to any Distribution Date, the
          lesser of (x) the Overcollateralization Deficiency Amount for such Distribution
          Date and (y) the sum of (1) the Net Monthly Excess Cashflow Amount for
          such
          Distribution Date and (2) amounts available from the Supplemental Interest
          Trust
          to pay principal as provided in Section 4.01(f)(iii) hereof. 

        

        “Fannie
          Mae”: Fannie Mae (formerly, Federal National Mortgage Association) or any
          successor thereto.

        

        
          
            
            

          

          
            29

            
              

            

          

          
            
            

          

        

        “FDIC”:
          Federal Deposit Insurance Corporation or any successor.

        

        “Final
          Scheduled Distribution Date”: The Distribution Date occurring in March
          2037.

        

        “Freddie
          Mac”: Federal Home Loan Mortgage Corporation or any successor.

        

        “Gross
          Margin”: With respect to any Mortgage Loan, the percentage set forth as the
“Gross Margin” for such Mortgage Loan on the Mortgage Loan Schedule, as adjusted
          from time to time in accordance with the terms of this Agreement.

        

        “Index”:
          With respect to any Mortgage Loan, the index for the adjustment of the
          Mortgage
          Rate set forth as such on the related Mortgage Note.

        

        “Initial
          Certificate Principal Balance”: With respect to each Class of Regular
          Certificates, the Initial Certificate Principal Balance of such Class of
          Certificates as set forth in the Preliminary Statement hereto, or with
          respect
          to any single Certificate, the Initial Certificate Principal Balance as
          stated
          on the face thereof.

        

        “Initial
          Notional Amount”: With respect to the Class C Certificates, an amount equal to
          the Notional Balance of the Class C Certificates, or with respect to any
          single
          Certificate, the Initial Notional Amount as stated on the face thereof.
          

        

        “Insurance
          Policy”: With respect to any Mortgage Loan, any insurance policy (including a
          PMI Insurer Policy) which is required to be maintained from time to time
          under
          this Agreement in respect of such Mortgage Loan.

        

        “Insurance
          Proceeds”: Proceeds paid in respect of the Mortgage Loans pursuant to any
          Primary Hazard Insurance Policy, any title insurance policy or any other
          insurance policy covering a Mortgage Loan, to the extent such proceeds
          are not
          applied to the restoration of the related Mortgaged Property or released
          to the
          Mortgagor in accordance with the procedures that the Master Servicer would
          follow in servicing mortgage loans held for its own account.

        

        “Interest
          Rate Swap Agreement”: An interest rate swap agreement, dated as of February 22,
          2007, between the Supplemental Interest Trust, by Deutsche Bank National
          Trust
          Company, as Supplemental Interest Trust Trustee on behalf of the Supplemental
          Interest Trust, and the Swap Provider for the benefit of the Class A, Class
          M
          and Class B Certificates, together with any schedules, confirmations or
          other
          agreements relating thereto, a form of which is attached hereto as Exhibit
          M.

        

        “Interest
          Remittance Amount”: With respect to any Distribution Date, that portion of the
          Available Distribution Amount for such Distribution Date that represents
          interest received or advanced with respect to the Mortgage Loans.

        

        
          
            
            

          

          
            30

            
              

            

          

          
            
            

          

        

        “Late
          Collections”: With respect to any Mortgage Loan, all amounts received during any
          Due Period, whether as late payments of Monthly Payments or as Insurance
          Proceeds, Liquidation Proceeds or otherwise, which represent late payments
          or
          collections of Monthly Payments due but delinquent for a previous Due Period
          and
          not previously recovered.

        

        “LIBOR”:
          With respect to any Distribution Date and the Pass-Through Rates on the
          Class A
          Certificates and Subordinate Certificates, the arithmetic mean of the London
          interbank offered rate quotations of reference banks (which will be selected
          by
          the Trustee after consultation with the Master Servicer) for one-month
          U.S.
          dollar deposits, expressed on a per annum basis, determined in accordance
          with
          Section 1.02.

        

        “LIBOR
          Business Day”: Any day other than (i) Saturday or Sunday or (ii) a day on which
          banking institutions in the city of London, England and New York City are
          required or authorized by law to be closed.

        

        “LIBOR
          Rate Adjustment Date”: With respect to each Distribution Date, the second LIBOR
          Business Day immediately preceding the commencement of the related Accrual
          Period.

        

        “Liquidated
          Mortgage Loan”: As to any Distribution Date, any Mortgage Loan in respect of
          which the Master Servicer has determined, in accordance with the servicing
          procedures specified herein, as of the end of the related Prepayment Period,
          that all Liquidation Proceeds which it expects to recover with respect
          to the
          liquidation of the Mortgage Loan or disposition of the related REO Property
          have
          been recovered.

        

        “Liquidation
          Proceeds”: Amounts (other than Insurance Proceeds) received by the Master
          Servicer in connection with the taking of an entire Mortgaged Property
          by
          exercise of the power of eminent domain or condemnation or in connection
          with
          the liquidation of a defaulted Mortgage Loan through trustee’s sale, foreclosure
          sale or otherwise, other than amounts received in respect of any REO
          Property.

        

        “Loan-to-Value
          Ratio”: As of any date, the fraction, expressed as a percentage, the numerator
          of which is the current principal balance of the related Mortgage Loan
          at the
          date of determination and the denominator of which is the Collateral Value
          of
          the related Mortgaged Property.

        

        “Lost
          Note Affidavit”: With respect to any Mortgage Note, an original lost note
          affidavit from the Sponsor stating that the original Mortgage Note was
          lost,
          misplaced or destroyed, together with a copy of the related Mortgage
          Note.

        

        “Majority
          Class C Certificateholder”: The holder of a 50.01% or greater Percentage
          Interest of the Class C Certificates.

        

        “Marker
          Rate”: With respect to the Class C Certificates and any Distribution Date, a
          per
          annum rate equal to two (2) times the weighted average of the Uncertificated
          REMIC 2 Pass-Through Rates for each REMIC 2 Regular Interest for which
          a Class
          A, Class M or Class B Certificate is the Corresponding Certificate and
          REMIC 2
          Regular Interest ZZ, with the rate on each such REMIC 2 Regular Interest
          (other
          than REMIC 2 Regular Interest ZZ) subject to a cap equal to the lesser
          of (i)
          the Pass-Through Rate for the Corresponding Certificate determined without
          regard to the Net WAC Rate for such Distribution Date, and (ii) the Net
          WAC Rate
          for the REMIC 3 Regular Interest the ownership of which is represented
          by the
          Corresponding Certificate for such Distribution Date for the purpose of
          this
          calculation, and with the rate on REMIC 2 Regular Interest ZZ subject to
          a cap
          of zero for the purpose of this calculation; provided, however, that solely
          for
          this purpose, the related cap with respect to each such REMIC 3 Regular
          Interest
          (other than REMIC 3 Regular Interest ZZ) shall be multiplied by a fraction,
          the
          numerator of which is 30 and the denominator of which is the actual number
          of
          days in the related Accrual Period.

        

        
          
            
            

          

          
            31

            
              

            

          

          
            
            

          

        

        “Master
          Servicer”: Impac Funding Corporation, or any successor master servicer appointed
          as herein provided.

        

        “Master
          Servicer Prepayment Charge Payment Amount”: The amounts payable by the Master
          Servicer in respect of any waived Prepayment Charges pursuant to Section
          2.03,
          and any amount paid to the Trust Fund by any Person to remedy any breach
          of any
          representation, warranty or covenant made with respect to the Prepayment
          Charges
          to the extent the Trust Fund, as assignee, is the beneficiary of such
          representation, warranty or covenant.

        

        “Master
          Servicing Fees”: With respect to each Mortgage Loan, an amount, payable out of
          any payment of interest on the Mortgage Loan, equal to interest at the
          Master
          Servicing Fee Rate on the Stated Principal Balance of such Mortgage Loan
          as of
          the Due Date in the calendar month preceding the month in which the payment
          of
          the Master Servicing Fee is due (alternatively, in the event such payment
          of
          interest accompanies a Principal Prepayment in part or in full made by
          the
          Mortgagor, interest for the number of days covered by such payment of interest).
          The Master Servicing Fee consists of servicing compensation payable to
          the
          Master Servicer in respect of its master servicing
          responsibilities.

        

        “Master
          Servicing Fee Rate”: With respect to each Mortgage Loan, the per annum rate of
          0.03%.

        

        “Maximum
          Uncertificated Accrued Interest Deferral Amount”: With respect to any
          Distribution Date, the excess of (i) the sum of (x) the accrued interest
          at the
          Uncertificated REMIC 2 Pass-Through Rate applicable to REMIC 2 Regular
          Interest
          ZZ for such Distribution Date on a balance equal to the Uncertificated
          Principal
          Balance of REMIC 2 Regular Interest ZZ minus the REMIC 2 Overcollateralized
          Amount, in each case for such Distribution Date and (y) 1.00% of the accrued
          interest on REMIC 2 Regular Interest P at the applicable Uncertificated
          REMIC 2
          Pass-Through Rate for such Distribution Date, over (ii) the aggregate amount
          of
          Uncertificated Accrued Interest for such Distribution Date on the REMIC
          2
          Regular Interests for which the Class A, Class B and Class M Certificates
          are
          the Corresponding Certificates, with the rate on each such REMIC 2 Regular
          Interest subject to a cap equal to the lesser of (1) the Pass-Through Rate
          for
          the Corresponding Certificate determined without regard to the Net WAC
          Rate for
          such Distribution Date, and (2) the Net WAC Rate for the REMIC 3 Regular
          Interest the ownership of which is represented by the Corresponding Certificate
          for such Distribution Date for the purpose of this calculation; provided,
          however, that solely for this purpose, the related cap with respect to
          each such
          REMIC 2 Regular Interest shall be multiplied by a fraction, the numerator
          of
          which is 30 and the denominator of which is the actual number of days in
          the
          related Accrual Period.

        

        
          
            
            

          

          
            32

            
              

            

          

          
            
            

          

        

        “MERS”:
          Mortgage Electronic Registration Systems, Inc., a corporation organized
          and
          existing under the laws of the State of Delaware, or any successor
          thereto.

        

        “MERS®
          System”: The system of recording transfers of Mortgages electronically
          maintained by MERS.

        

        “MIN”:
          The Mortgage Identification Number for Mortgage Loans registered with MERS
          on
          the MERS® System.

        

        “MOM
          Loan”: With respect to any Mortgage Loan, MERS acting as the mortgagee of such
          Mortgage Loan, solely as nominee for the originator of such Mortgage Loan
          and
          its successors and assigns, at the origination thereof.

        

        “Monthly
          Interest Distributable Amount”: For any Distribution Date and each Class of
          Class A, Class M, Class B and Class C Certificates and Class IO Interest,
          the
          amount of interest accrued during the related Accrual Period at the related
          Pass-Through Rate on the Certificate Principal Balances or Notional Balances
          or
          Uncertificated Notional Amounts of such Certificates or interests immediately
          prior to such Distribution Date, in each case, reduced by any Prepayment
          Interest Shortfalls to the extent not covered by Compensating Interest
          payable
          by the Sub-Servicer or Master Servicer and any shortfalls resulting from
          the
          application of the Relief Act (in each case to the extent allocated to
          such
          Class of Certificates or interests as set forth in Section 1.03). The Monthly
          Interest Distributable Amount on the Class A, Class M and Class B Certificates
          will be calculated on the basis of the actual number of days in the related
          Accrual Period and a 360 day-year. 

        

        “Monthly
          Payment”: With respect to any Mortgage Loan, the scheduled monthly payment of
          principal and interest on such Mortgage Loan which is payable by a Mortgagor
          from time to time under the related Mortgage Note as originally executed
          (after
          adjustment, if any, for Deficient Valuations occurring prior to such Due
          Date,
          and after any adjustment by reason of any bankruptcy or similar proceeding
          or
          any moratorium or similar waiver or grace period).

        

        “Moody's”:
          Moody's Investors Service, Inc., or its successor in interest.

        

        “Mortgage”:
          The mortgage, deed of trust or any other instrument securing the Mortgage
          Loan.

        

        
          
            
            

          

          
            33

            
              

            

          

          
            
            

          

        

        “Mortgage
          File”: The mortgage documents listed in Section 2.01 pertaining to a particular
          Mortgage Loan and any additional documents required to be added to the
          Mortgage
          File pursuant to this Agreement and the Custodial Agreement; provided,
          that
          whenever the term “Mortgage File” is used to refer to documents actually
          received by the Trustee, such term shall not be deemed to include such
          additional documents required to be added unless they are actually so
          added.

        

        “Mortgage
          Loan”: Each of the mortgage loans, transferred and assigned to the Trustee
          pursuant to Section 2.01, 2.04 or 2.06 and from time to time held in the
          Trust
          Fund (including any Qualified Substitute Mortgage Loans), the mortgage
          loans so
          transferred, assigned and held being identified in the Mortgage Loan Schedule.
          As used herein, the term “Mortgage Loan” includes the related Mortgage Note and
          Mortgage.

        

        “Mortgage
          Loan Purchase Agreement”: The Mortgage Loan Purchase Agreement dated as of
          February 22, 2007, among Impac Funding Corporation, as sponsor, Impac Mortgage
          Holdings, Inc. and the Depositor, as purchaser, and all amendments thereof
          and
          supplements thereto.

        

        “Mortgage
          Loan Schedule”: As of any date of determination, the schedule of Mortgage Loans
          included in the Trust Fund. The schedule of Mortgage Loans with accompanying
          information transferred on the Closing Date to the Trustee as part of the
          Trust
          Fund for the Certificates, attached hereto as Exhibit H, which list shall
          set
          forth the following information with respect to each Mortgage Loan:

        

        (i) [reserved];

        

        (ii) the
          city,
          state and zip code of the Mortgaged Property;

        

        (iii) the
          original term to maturity;

        

        (iv) the
          original principal balance and the original Mortgage Rate;

        

        (v) the
          first
          payment date;

        

        (vi) [reserved];

        

        (vii) the
          type
          of Mortgaged Property;

        

        (viii) the
          Monthly Payment in effect as of the Cut-off Date;

        

        (ix) the
          principal balance as of the Cut-off Date;

        

        (x) the
          Mortgage Rate as of the Cut-off Date;

        

        (xi) the
          occupancy status;

        

        
          
            
            

          

          
            34

            
              

            

          

          
            
            

          

        

        (xii) the
          purpose of the Mortgage Loan;

        

        (xiii) the
          Collateral Value of the Mortgaged Property;

        

        (xiv) the
          remaining term to maturity;

        

        (xv) the
          paid-through date of the Mortgage Loan;

        

        (xvi) the
          Master Servicing Fee Rate;

        

        (xvii) the
          Sub-Servicing Fee Rate;

        

        (xviii) the
          Net
          Mortgage Rate for the Mortgage Loan;

        

        (xix) whether
          such Mortgage Loan is a PMI Mortgage Loan and, if so, the related PMI Insurer
          Fee Rate;

        

        (xx) whether
          the Mortgage Loan is covered by a private mortgage insurance policy or
          an
          original certificate of private mortgage insurance;

        

        (xxi) the
          documentation type;

        

        (xxii) the
          type
          and term of the related Prepayment Charge, if any;

        

        (xxiii) the
          Index
          and the Gross Margin; and

        

        (xxiv) the
          Adjustment Date frequency and Distribution Date frequency.

        

        The
          Mortgage Loan Schedule may be in the form of more than one schedule,
          collectively setting forth all of the information required.

        

        “Mortgage
          Note”: The note or other evidence of the indebtedness of a Mortgagor under a
          Mortgage Loan.

        

        “Mortgage
          Rate”: With respect to any Mortgage Loan, the annual rate at which interest
          accrues on such Mortgage Loan in the absence of default, as adjusted from
          time
          to time in accordance with the provisions of the Mortgage Note.

        

        “Mortgaged
          Property”: The underlying property securing a Mortgage Loan.

        

        “Mortgagor”:
          The obligor or obligors on a Mortgage Note.

        

        “Net
          Liquidation Proceeds”: With respect to any Liquidated Mortgage Loan or any other
          disposition of related Mortgaged Property (including REO Property) the
          related
          Liquidation Proceeds net of Advances, Servicing Advances, Master Servicing
          Fees,
          Sub-Servicing Fees and any other accrued and unpaid servicing fees received
          and
          retained in connection with the liquidation of such Mortgage Loan or Mortgaged
          Property.

        

        
          
            
            

          

          
            35

            
              

            

          

          
            
            

          

        

        “Net
          Monthly Excess Cashflow”: With respect to each Distribution Date, the sum of (a)
          any Overcollateralization Release Amount and (b) the excess of (x) the
          Interest
          Remittance Amount for such Distribution Date over (y) the aggregate Monthly
          Interest Distributable Amount for the Class A, Class M and Class B Certificates
          for such Distribution Date and any Unpaid Interest Shortfall Amount payable
          to
          the Class A Certificateholder for such Distribution Date.

        

        “Net
          Mortgage Rate”: With respect to each Mortgage Loan Due Date, the then applicable
          Mortgage Rate thereon minus the sum of (1) the Master Servicing Fee Rate,
          (2)
          the Subservicing Fee Rate and (3) the related PMI Insurer Fee Rate, if
          such
          Mortgage Loan is a PMI Mortgage Loan.

        

        “Net
          Prepayment Interest Shortfall”: With respect to any Distribution Date, the
          excess, if any, of any Prepayment Interest Shortfalls for such date over
          the
          related Compensating Interest.

        

        “Net
          Swap
          Payment”: With respect to each Distribution Date, the net payment required to be
          made pursuant to the terms of the Interest Rate Swap Agreement by either
          the
          Swap Provider or the Supplemental Interest Trust, which net payment shall
          not
          take into account any Swap Termination Payment.

        

        “Net
          WAC
          Rate”: With respect to the Class A, Class M and Class B Certificates and any
          Distribution Date, a per annum rate equal to the excess, if any, of (A)
          a per
          annum rate equal to the weighted average of the Net Mortgage Rates of the
          Mortgage Loans as of the first day of the month preceding the month in
          which
          such Distribution Date occurs over (B) the sum of (1) a per annum rate
          equal to
          the Net Swap Payment payable to the Swap Provider on such Distribution
          Date,
          divided by the outstanding Stated Principal Balance of the Mortgage Loans
          as of
          the first day of the calendar month preceding the month in which the
          Distribution Date occurs, multiplied by 12, and (2) a per annum rate equal
          to
          any Swap Termination Payment not due to a Swap Provider Trigger Event payable
          to
          the Swap Provider on such Distribution Date, divided by the outstanding
          Stated
          Principal Balance of the Mortgage Loans as of the first day of the calendar
          month preceding the month in which the Distribution Date occurs, multiplied
          by
          12. The Net WAC Rate will be adjusted to an effective rate reflecting the
          accrual of interest on an actual/360 basis. With respect to any Distribution
          Date and the REMIC 3 Regular Interests the ownership of which is represented
          by
          the Class A, Class M and Class B Certificates, a per annum rate equal to
          the
          weighted average (adjusted for the actual number of days elapsed in the
          related
          Accrual Period) of the Uncertificated REMIC 2 Pass-Through Rates on the
          REMIC 2
          Regular Interests (other than REMIC 2 Regular Interest IO), weighted on
          the
          basis of the Uncertificated Principal Balances of each such REMIC 2 Regular
          Interest immediately prior to such Distribution Date.

        

        “Net
          WAC
          Shortfall Amount”: With respect to any Distribution Date, the sum of (i) if the
          Pass-Through Rate for any of the Class A, Class M and Class B Certificates
          is
          limited to the Net WAC Rate, the excess, if any, of (a) the amount of interest
          such Class A, Class M and Class B Certificates would have been entitled
          to
          receive on such Distribution Date if such Net WAC Rate would not have been
          applicable to such Certificates, over (b) the amount of interest accrued
          on such
          Certificates at such Net WAC Rate, and (ii) the Net WAC Shortfall Amount
          from
          the prior Distribution Date not previously distributed together with interest
          thereon at the related Pass-Through Rate for the most recently ended Accrual
          Period.

        

        
          
            
            

          

          
            36

            
              

            

          

          
            
            

          

        

        “Net
          WAC
          Shortfall Reserve Fund”: A reserve fund established by the Trustee for the
          benefit of the Holders of the Class A, Class M, Class B and Class C
          Certificates, and funded on the Closing Date by or on behalf of the Depositor
          with an amount equal to the Net WAC Shortfall Reserve Fund Deposit. The
          Net WAC
          Shortfall Reserve Fund is an “outside reserve fund” within the meaning of
          Treasury regulation Section 1.860G-2(h), which is not an asset of any REMIC,
          the
          ownership of which is evidenced by the Class C Certificates and which is
          established and maintained pursuant to Section 4.08.

        

        “Net
          WAC
          Shortfall Reserve Fund Deposit”: With respect to the Net WAC Shortfall Reserve
          Fund, an amount equal to $5,000, which the Depositor shall fund initially
          pursuant to Section 4.08 hereof. 

        

        “Nonrecoverable
          Advance”: Any Advance or Servicing Advance previously made or proposed to be
          made in respect of a Mortgage Loan which, in the reasonable good faith
          judgment
          of the Master Servicer, will not or, in the case of a proposed Advance
          or
          Servicing Advance, would not be ultimately recoverable from Late Collections,
          Insurance Proceeds, Liquidation Proceeds or REO Proceeds. The determination
          by
          the Master Servicer that it has made a Nonrecoverable Advance or that any
          proposed Advance or Servicing Advance would constitute a Nonrecoverable
          Advance,
          shall be evidenced by a certificate of a Servicing Officer delivered to
          the
          Depositor and the Trustee.

        

        “Non-United
          States Person”: Any Person other than a United States Person.

        

        “Notional
          Balance”: With respect to the Class C Certificates and any Distribution Date, an
          amount equal to the Stated Principal Balance of the Mortgage Loans as of
          the
          related Due Date, minus the Certificate Principal Balance of the Class
          P
          Certificates. For federal income tax purposes, the Notional Balance of
          the Class
          C Certificates for any Distribution Date shall be an amount equal to the
          aggregate Uncertificated Principal Balance of the REMIC 2 Regular Interests,
          other than REMIC 2 Regular Interest P, for such Distribution Date. 

        

        “Officers’
          Certificate”: A certificate signed by the Chairman of the Board, the Vice
          Chairman of the Board, the President or a vice president and by the Treasurer,
          the Secretary, or one of the assistant treasurers or assistant secretaries
          of
          the Depositor, the Sponsor, the Master Servicer or of any Sub-Servicer
          and
          delivered to the Depositor and Trustee.

        

        “One
          Month LIBOR”: The London interbank offered rate for one-month United States
          dollar deposits, determined as described in Section 1.02 of this
          Agreement.

        

        
          
            
            

          

          
            37

            
              

            

          

          
            
            

          

        

        “Opinion
          of Counsel”: A written opinion of counsel, who may be counsel for the Depositor,
          the Sponsor, or the Master Servicer, reasonably acceptable to the Trustee;
          except that any opinion of counsel relating to (a) the qualification of
          any
          account required to be maintained pursuant to this Agreement as an Eligible
          Account, (b) the qualification of REMIC 1, REMIC 2, or REMIC 3 as REMICs,
          (c)
          compliance with the REMIC Provisions or (d) resignation of the Master Servicer
          pursuant to Section 6.04 must be an opinion of counsel who (i) is in fact
          independent of the Depositor and the Master Servicer, (ii) does not have
          any
          direct financial interest or any material indirect financial interest in
          the
          Depositor or the Master Servicer or in an affiliate of either and (iii)
          is not
          connected with the Depositor or the Master Servicer as an officer, employee,
          director or person performing similar functions.

        

        “Optional
          Termination Date”: The first Distribution Date on which the Master Servicer may
          opt to terminate the Trust Fund pursuant to Section 9.01.

        

        “OTS”:
          Office of Thrift Supervision or any successor.

        

        “Outstanding
          Mortgage Loan”: As to any Due Date, a Mortgage Loan (including an REO Property)
          which was not the subject of a Principal Prepayment in Full, Cash Liquidation
          or
          REO Disposition and which was not purchased prior to such Due Date pursuant
          to
          Sections 2.02, 2.04 or 3.14.

        

        “Overcollateralization
          Deficiency Amount”: With respect to any Distribution Date, the amount, if any,
          by which the Overcollateralization Target Amount exceeds the Overcollateralized
          Amount on such Distribution Date (after giving effect to distributions
          in
          respect of the Basic Principal Distribution Amount on such Distribution
          Date).

        

        “Overcollateralization
          Floor”: With respect to any Distribution Date, 0.35% of the Cut-off Date
          Balance.

        

        “Overcollateralization
          Release Amount”: With respect to any Distribution Date, the lesser of (x) the
          Principal Remittance Amount for such Distribution Date and (y) the excess,
          if
          any, of (i) the Overcollateralized Amount for such Distribution Date (assuming
          that 100% of the Principal Remittance Amount is applied as a principal
          payment
          on such Distribution Date) over (ii) the Overcollateralization Target Amount
          for
          such Distribution Date.

        

        “Overcollateralization
          Target Amount”: With respect to any Distribution Date prior to the Stepdown
          Date, 1.00% of the Cut-off Date Balance. With respect to any Distribution
          Date
          on or after the Stepdown Date, the greater of (x) 2.00% of the aggregate
          Stated
          Principal Balance of the Mortgage Loans and (y) the Overcollateralization
          Floor;
          provided, however, that if a Trigger Event is in effect on any Distribution
          Date, the Overcollateralization Target Amount will be equal to the
          Overcollateralization Target Amount on the prior Distribution Date.

        

        “Overcollateralized
          Amount”: For any Distribution Date, the amount, if any, by which (i) the
          aggregate Stated Principal Balance of the Mortgage Loans (after giving
          effect to
          scheduled payments of principal due during the related Due Period, to the
          extent
          received or advanced, unscheduled collections of principal received during
          the
          related Prepayment Period and any Realized Losses on the Mortgage Loans
          during
          the related Prepayment Period), exceeds (ii) the aggregate Certificate
          Principal
          Balance of the Class A, Class M, Class B and Class P Certificates as of
          such
          Distribution Date (after giving effect to distributions to be made on such
          Distribution Date).

        

        
          
            
            

          

          
            38

            
              

            

          

          
            
            

          

        

        “Ownership
          Interest”: As to any Certificate, any ownership or security interest in such
          Certificate, including any interest in such Certificate as the Holder thereof
          and any other interest therein, whether direct or indirect, legal or beneficial,
          as owner or as pledgee.

        

        “Pass-Through
          Rate”: With respect to any Distribution Date and the Class A, Class M and Class
          B Certificates, the least of (x) One-Month LIBOR plus the related Certificate
          Margin, (y) 11.50% and (z) the Net WAC Rate. 

        

        With
          respect to the Class C Certificates and any Distribution Date, the sum
          of (x) a
          per annum rate equal to the percentage equivalent of a fraction, the numerator
          of which is the sum of the amount determined for each REMIC 2 Regular Interest
          (other than REMIC 2 Regular Interests IO and P) equal to the product of
          (a) the
          excess, if any, of the Uncertificated REMIC 2 Pass-Through Rate for such
          REMIC 2
          Regular Interest over the Marker Rate and (b) a notional amount equal to
          the
          Uncertificated Principal Balance of such REMIC 2 Regular Interest, and
          the
          denominator of which is the aggregate Uncertificated Principal Balance
          of such
          REMIC 2 Regular Interests, and (y) 100% of the interest distributable in
          respect
          of REMIC 2 Regular Interest P.

        

        With
          respect to each of the Class P Certificates and any Distribution Date,
          0.00% per
          annum.

        

        With
          respect to the Class IO Interest and any Distribution Date, 100% of the
          amounts
          distributable to REMIC 2 Regular Interest IO for such Distribution
          Date.

        

        “Percentage
          Interest”: With respect to any Regular Certificate, the undivided percentage
          ownership interest in the related Class evidenced by such Certificate,
          which
          percentage ownership interest shall be equal to the Initial Certificate
          Principal Balance thereof divided by the aggregate Initial Certificate
          Principal
          Balance of all of the Certificates of the same Class. With respect to any
          Class
          R Certificate, the interest in distributions to be made with respect to
          such
          Class evidenced thereby, expressed as a percentage, as stated on the face
          of
          each such Certificate.

        

        “Permitted
          Investment”: One or more of the following:

        

        (i) obligations
          of or guaranteed as to principal and interest by the United States or any
          agency
          or instrumentality thereof when such obligations are backed by the full
          faith
          and credit of the United States;

        

        
          
            
            

          

          
            39

            
              

            

          

          
            
            

          

        

        (ii) repurchase
          agreements on obligations specified in clause (i) maturing not more than
          one
          month from the date of acquisition thereof, provided that the unsecured
          obligations of the party agreeing to repurchase such obligations are at
          the time
          rated by each Rating Agency in its highest short-term rating available,
          provided, however, that such repurchase agreements are treated as financings
          under generally accepted accounting principles (“GAAP”);

        

        (iii) federal
          funds, certificates of deposit, demand deposits, time deposits and bankers'
          acceptances (which shall each have an original maturity of not more than
          90 days
          and, in the case of bankers' acceptances, shall in no event have an original
          maturity of more than 365 days or a remaining maturity of more than 30
          days)
          denominated in United States dollars of any U.S. depository institution
          or trust
          company incorporated under the laws of the United States or any state thereof
          or
          of any domestic branch of a foreign depository institution or trust company;
          provided that the debt obligations of such depository institution or trust
          company (or, if the only Rating Agency is Standard & Poor's, in the case of
          the principal depository institution in a depository institution holding
          company, debt obligations of the depository institution holding company)
          at the
          date of acquisition thereof have been rated by each Rating Agency in its
          highest
          short-term rating available; and provided further that, if the only Rating
          Agency is Standard & Poor's and if the depository or trust company is a
          principal subsidiary of a bank holding company and the debt obligations
          of such
          subsidiary are not separately rated, the applicable rating shall be that
          of the
          bank holding company; and, provided further that, if the original maturity
          of
          such short-term obligations of a domestic branch of a foreign depository
          institution or trust company shall exceed 30 days, the short-term rating
          of such
          institution shall be A-1+ in the case of Standard & Poor's if Standard &
Poor's is the Rating Agency;

        

        (iv) commercial
          paper (having original maturities of not more than 365 days) of any corporation
          incorporated under the laws of the United States or any state thereof which
          on
          the date of acquisition has been rated by Moody's and Standard & Poor's in
          their highest short-term ratings available; provided that such commercial
          paper
          shall have a remaining maturity of not more than 30 days;

        

        (v) a
          money
          market fund or a qualified investment fund rated by Moody's in its highest
          long-term ratings available or rated AAAm or AAAm-G by Standard & Poor's,
          including any such funds for which Deutsche Bank National Trust Company
          or any
          affiliate thereof serves as an investment advisor, manager, administrator,
          shareholder, servicing agent, and/or custodian or sub-custodian;
          and

        

        (vi) other
          obligations or securities that are acceptable to each Rating Agency as
          a
          Permitted Investment hereunder and will not reduce the rating assigned
          to any
          Class of Certificates by such Rating Agency below the lower of the then-current
          rating or the rating assigned to such Certificates as of the Closing Date
          by
          such Rating Agency, as evidenced in writing;

        

        
          
            
            

          

          
            40

            
              

            

          

          
            
            

          

        

        provided,
          however,
          that no
          instrument shall be a Permitted Investment if it represents, either (1)
          the
          right to receive only interest payments with respect to the underlying
          debt
          instrument or (2) the right to receive both principal and interest payments
          derived from obligations underlying such instrument and the principal and
          interest payments with respect to such instrument provide a yield to maturity
          greater than 120% of the yield to maturity at par of such underlying
          obligations.

        

        To
          the
          extent that the Trustee receives any materials in connection with the holding
          of
          any Permitted Investment which require the holder to vote, the Trustee
          shall not
          exercise its voting rights. 

        

        Permitted
          Investments shall not be sold prior to maturity, except that a money market
          fund
          or qualified investment fund may be liquidated at any time.

        

        “Permitted
          Transferee”: Any transferee of a Residual Certificate other than a Disqualified
          Organization, a Non-United States Person or an “electing large partnership” (as
          defined in Section 775 of the Code).

        

        “Person”:
          Any individual, corporation, partnership, limited liability company, joint
          venture, association, joint-stock company, trust, unincorporated organization
          or
          government or any agency or political subdivision thereof.

        

        “PMI
          Insurer”: Any provider of primary mortgage insurance under a PMI Insurer
          Policy.

        

        “PMI
          Insurer Fee Rate”: With respect to each PMI Mortgage Loan, the per annum rate
          payable to the applicable PMI Insurer under the related PMI Insurer Policy.
          

        

        “PMI
          Insurer Policy”: The lender-paid primary mortgage insurance policy issued by the
          PMI Insurer in accordance with a letter between the Sponsor and any PMI
          Insurer.

        

        “PMI
          Mortgage Loan”: Any mortgage loan covered by the PMI Insurer
          Policy.

        

        “Prepayment
          Assumption”: As defined in the Prospectus Supplement.

        

        “Prepayment
          Charge”: With respect to any Mortgage Loan, the charges or premiums, if any, due
          in connection with a full or partial prepayment of such Mortgage Loan in
          accordance with the terms thereof (other than any Master Servicer Prepayment
          Charge Payment Amount).

        

        “Prepayment
          Interest Excess”: With respect to any Distribution Date, for each Mortgage Loan
          that was the subject of a Principal Prepayment during the portion of the
          Prepayment Period from the related Due Date to the end of such Prepayment
          Period, any payment of interest received in connection therewith (net of
          any
          applicable Servicing Fee) representing interest accrued for any portion
          of such
          month of receipt.

        

        
          
            
            

          

          
            41

            
              

            

          

          
            
            

          

        

        “Prepayment
          Interest Shortfall”: As to any Distribution Date and any Mortgage Loan (other
          than a Mortgage Loan relating to an REO Property) that was the subject
          of (a) a
          Principal Prepayment in Full during the related Prepayment Period, an amount
          equal to the excess of one month’s interest at the Net Mortgage Rate on the
          Stated Principal Balance of such Mortgage Loan over the amount of interest
          (adjusted to the Net Mortgage Rate) paid by the Mortgagor for such Prepayment
          Period to the date of such Principal Prepayment in Full or (b) a Curtailment
          during the prior calendar month, an amount equal to one month’s interest at the
          Net Mortgage Rate on the amount of such Curtailment.

        

        “Prepayment
          Period”: With respect to any Distribution Date, the period between the 16th of
          the month prior to such Distribution Date and the 15th of the current month,
          except the initial Prepayment Period will run from February 1, 2007 through
          March 15, 2007. 

        

        “Primary
          Hazard Insurance Policy”: Each primary hazard insurance policy required to be
          maintained pursuant to Section 3.13.

        

        “Primary
          Insurance Policy”: Any primary policy of mortgage guaranty insurance including
          the PMI Insurer Policy, or any replacement policy therefor.

        

        “Principal
          Distribution Amount”: With respect to any Distribution Date, an amount equal to
          the sum of the Basic Principal Distribution Amount plus the Extra Principal
          Distribution Amount.

        

        “Principal
          Prepayment”: Any payment of principal made by the Mortgagor on a Mortgage Loan
          which is received in advance of its scheduled Due Date and which is not
          accompanied by an amount of interest representing scheduled interest due
          on any
          date or dates in any month or months subsequent to the month of
          prepayment.

        

        “Principal
          Prepayment in Full”: Any Principal Prepayment made by a Mortgagor of the entire
          unpaid principal balance of the Mortgage Loan.

        

        “Principal
          Remittance Amount”: With respect to any Distribution Date, the sum of the
          following from the Available Distribution Amount: (i) each scheduled payment
          of
          principal collected or advanced on the Mortgage Loans by the Master Servicer
          that were due during the related Due Period, (ii) the principal portion
          of all
          partial and full Principal Prepayments of the Mortgage Loans applied by
          the
          Master Servicer during the related Prepayment Period, (iii) the principal
          portion of all Net Liquidation Proceeds, REO Proceeds, Insurance Proceeds,
          and
          Subsequent Recoveries received during the related Prepayment Period, (iv)
          the
          principal portion of proceeds of Mortgage Loan purchases made pursuant
          to
          Section 2.02, 2.04, 3.14 or 3.27, in each case received or made during
          the
          related Prepayment Period, (v) the principal portion of any related Substitution
          Adjustments deposited in the Custodial Account during the related Prepayment
          Period and (vi) on the Distribution Date on which the Trust Fund is to
          be
          terminated pursuant to Section 9.01, the principal portion of the termination
          price received from the Master Servicer in connection with a termination
          of the
          Trust Fund to occur on such Distribution Date.

        

        
          
            
            

          

          
            42

            
              

            

          

          
            
            

          

        

        “Prospectus
          Supplement”: That certain Prospectus Supplement dated February 21, 2007 relating
          to the public offering of the Class A Certificates and Class M
          Certificates.

        

        “Purchase
          Price”: With respect to any Mortgage Loan (or REO Property) required to be
          purchased pursuant to Section 2.02, 2.04, 3.14 or 3.27, an amount equal
          to the
          sum of (i) 100% of the Stated Principal Balance thereof, (ii) unpaid accrued
          interest (or REO Imputed Interest) at the applicable Net Mortgage Rate
          on the
          Stated Principal Balance thereof outstanding during each Due Period that
          such
          interest was not paid or advanced, from the date through which interest
          was last
          paid by the Mortgagor or advanced and distributed to Certificateholders
          together
          with unpaid Master Servicing Fees, Sub-Servicing Fees and, if such Mortgage
          Loan
          is a PMI Mortgage Loan, fees due the PMI Insurer at the PMI Insurer Fee
          Rate,
          from the date through which interest was last paid by the Mortgagor, in
          each
          case to the first day of the month in which such Purchase Price is to be
          distributed, (iii) the aggregate of all Advances and Servicing Advances
          made in
          respect thereof that were not previously reimbursed and (iv) costs and
          damages
          incurred by the Trust Fund in connection with a repurchase pursuant to
          Section
          2.04 hereof that arises out of a violation of any anti-predatory lending
          law
          which also constitutes an actual breach of representations (xii), (xxxv),
          (xxxiii), (xxxviii), (xxxix) or (xliii) of Section 3.1(b) of the Mortgage
          Loan
          Purchase Agreement.

        

        “Qualified
          Insurer”: Any insurance company duly qualified as such under the laws of the
          state or states in which the related Mortgaged Property or Mortgaged Properties
          is or are located, duly authorized and licensed in such state or states
          to
          transact the type of insurance business in which it is engaged and approved
          as
          an insurer by the Master Servicer, so long as the claims paying ability
          of which
          is acceptable to the Rating Agencies for pass-through certificates having
          the
          same rating as the Certificates rated by the Rating Agencies as of the
          Closing
          Date.

        

        “Qualified
          Substitute Mortgage Loan”: A Mortgage Loan substituted by the Depositor for a
          Deleted Mortgage Loan which must, on the date of such substitution, as
          confirmed
          in an Officers’ Certificate of the Sponsor delivered to the Trustee, (i) have an
          outstanding principal balance, after deduction of the principal portion
          of the
          monthly payment due in the month of substitution (or in the case of a
          substitution of more than one Mortgage Loan for a Deleted Mortgage Loan,
          an
          aggregate outstanding principal balance, after such deduction), not in
          excess of
          the Stated Principal Balance of the Deleted Mortgage Loan (the amount of
          any
          shortfall to be paid to the Master Servicer for deposit in the Custodial
          Account
          in the month of substitution); (ii) have a Mortgage Rate and a Net Mortgage
          Rate
          no lower than and not more than 1% per annum higher than the Mortgage Rate
          and
          Net Mortgage Rate, respectively, of the Deleted Mortgage Loan as of the
          date of
          substitution; (iii) have a Loan-to-Value Ratio at the time of substitution
          no
          higher than that of the Deleted Mortgage Loan at the time of substitution;
          (iv)
          have a remaining term to stated maturity not greater than (and not more
          than one
          year less than) that of the Deleted Mortgage Loan; (v) comply with each
          representation and warranty set forth in Section 2.04 hereof; and, (vi)
          comply
          with each non-statistical representation and warranty set forth in the
          Mortgage
          Loan Purchase Agreement.

        

        
          
            
            

          

          
            43

            
              

            

          

          
            
            

          

        

        “Rating
          Agency”: Standard & Poor's or Moody's and each of their successors. If such
          agencies and their successors are no longer in existence, “Rating Agency” shall
          be such nationally recognized statistical rating agency, or other comparable
          Person, designated by the Depositor, notice of which designation shall
          be given
          to the Trustee and Master Servicer. References herein to the two highest
          long
          term debt rating of a Rating Agency shall mean “AA” or better in the case of
          Standard & Poor's and “Aa2” or better in the case of Moody's and references
          herein to the highest short-term debt rating of a Rating Agency shall mean
          “A-1+” in the case of Standard & Poor's and “P-1” in the case of Moody's,
          and in the case of any other Rating Agency such references shall mean such
          rating categories without regard to any plus or minus.

        

        “Realized
          Loss”: With respect to each Mortgage Loan or REO Property as to which a Cash
          Liquidation or REO Disposition has occurred, an amount (not less than zero)
          equal to (i) the Stated Principal Balance of the Mortgage Loan as of the
          date of
          Cash Liquidation or REO Disposition, plus (ii) interest (and REO Imputed
          Interest, if any) at the Net Mortgage Rate from the Due Date as to which
          interest was last paid or advanced to Certificateholders up to the date
          of the
          Cash Liquidation or REO Disposition on the Stated Principal Balance of
          such
          Mortgage Loan outstanding during each Due Period that such interest was
          not paid
          or advanced, minus (iii) the proceeds, if any, received during the month
          in
          which such Cash Liquidation or REO Disposition occurred, to the extent
          applied
          as recoveries of interest at the Net Mortgage Rate and to principal of
          the
          Mortgage Loan, net of the portion thereof reimbursable to the Master Servicer
          or
          any Sub-Servicer with respect to Advances or Servicing Advances not previously
          reimbursed. With respect to each Mortgage Loan which has become the subject
          of a
          Deficient Valuation, the difference between the principal balance of the
          Mortgage Loan outstanding immediately prior to such Deficient Valuation
          and the
          principal balance of the Mortgage Loan as reduced by the Deficient
          Valuation.

        

        “Record
          Date”: With respect to each Distribution Date and the Class A, Class M and Class
          B Certificates, so long as such Certificates are Book-Entry Certificates,
          the
          Business Day prior to such Distribution Date. With respect to any Class
          A, Class
          M and Class B Certificates which are not Book-Entry Certificates, the close
          of
          business on the last Business Day of the month preceding the month in which
          such
          Distribution Date occurs.

        

        “Regular
          Certificate”: Any of the Certificates other than the Class R
          Certificates.

        

        “Regulation
          AB” Subpart 229,1100 - Asset Backed Securities (Regulation AB), 17 C.F.R.
§§229.1100-229.1123, as such may be amended from time to time, and subject
          to
          such clarification and interpretation as have been provided by the Commission
          in
          the adopting release (Asset-Backed Securities, Securities Act Release No.
          33-8518, 70 Fed. Reg. 1,506, 1,531 (Jan.7, 2005)) or by the staff of the
          Commission, or as may be provided by the Commission or its staff from time
          to
          time. 

        

        
          
            
            

          

          
            44

            
              

            

          

          
            
            

          

        

        “Relief
          Act”: The Servicemembers Relief Act, as amended, and similar legislation or
          regulations.

        

        “Relief
          Act Interest Shortfall”: With respect to any Distribution Date, for any Mortgage
          Loan with respect to which there has been a reduction in the amount of
          interest
          collectible thereon for the most recently ended Due Period as a result
          of the
          application of the Relief Act, the amount by which (i) interest collectible
          on
          such Mortgage Loan during such Due Period is less than (ii) one month's
          interest
          on the Stated Principal Balance of such Mortgage Loan at the Loan Rate
          for such
          Mortgage Loan before giving effect to the application of the Relief
          Act.

        

        “REMIC”:
          A “real estate mortgage investment conduit” within the meaning of Section 860D
          of the Code.

        

        “REMIC
          1”: The segregated pool of assets subject hereto (exclusive of any Net WAC
          Shortfall Reserve Fund, any Master Servicer Prepayment Charge Payment Amounts
          and, for the avoidance of doubt, any Supplemental Interest Trust, the Derivative
          Account, the Cap Contracts, the Collateral Account and the Interest Rate
          Swap
          Agreement) with respect to which a REMIC election is to be made, conveyed
          in
          trust to the Trustee, for the benefit of the holders of the REMIC 1 Regular
          Interests and the Holders of the Class R Certificates (in respect of the
          Class
          R-1 Interest), consisting of: (i) each Mortgage Loan (exclusive of payments
          of
          principal and interest due on or before the Cut-off Date, if any, received
          by
          the Master Servicer, which shall not constitute an asset of the Trust Fund)
          as
          from time to time are subject to this Agreement and all payments under
          and
          proceeds of such Mortgage Loans (exclusive of any late payment charges
          received
          on the Mortgage Loans), together with all documents included in the related
          Mortgage File, subject to Section 2.01; (ii) such funds or assets as from
          time
          to time are deposited in the Custodial Account or the Certificate Account
          and
          belonging to the Trust Fund; (iii) any REO Property; (iv) the Primary Hazard
          Insurance Policies, if any, the Primary Insurance Policies, if any, and
          all
          other Insurance Policies with respect to such Mortgage Loans; and (v) the
          Depositor’s interest in respect of the representations and warranties made by
          the Sponsor in the Mortgage Loan Purchase Agreement as assigned to the
          Trustee
          pursuant to Section 2.04 hereof.

        

        “REMIC
          1
          Regular Interest”: Any of the separate non-certificated beneficial ownership
          interests in REMIC 1 issued hereunder and designated as a Regular Interest
          in
          REMIC 1. Each REMIC 1 Regular Interest shall accrue interest at the related
          Uncertificated REMIC 1 Pass-Through Rate in effect from time to time, and
          shall
          be entitled to distributions of principal, subject to the terms and conditions
          hereof, in an aggregate amount equal to its initial Uncertificated Principal
          Balance as set forth in the Preliminary Statement hereto. The designations
          for
          the respective REMIC 1 Regular Interests are set forth in the Preliminary
          Statement hereto. The REMIC 1 Regular Interests consist of REMIC 1 Regular
          Interests 1-1-A through REMIC 1 Regular Interest 1-58-B, REMIC 1 Regular
          Interest OC and REMIC 1 Regular Interest P, each as designated in the
          Preliminary Statement hereto.

        

        
          
            
            

          

          
            45

            
              

            

          

          
            
            

          

        

        “REMIC
          2”: The segregated pool of assets consisting of all of the REMIC 1 Regular
          Interests conveyed in trust to the Trustee, for the benefit of the holders
          of
          the REMIC 2 Regular Interests and the Holders of the Class R Certificates
          (in
          respect of the Class R-2 Interest), pursuant to Article II hereunder, with
          respect to which a separate REMIC election is to be made.

        

        “REMIC
          2
          Interest Loss Allocation Amount”: With respect to any Distribution Date, an
          amount (subject to adjustment based on the actual number of days elapsed
          in the
          respective Accrual Period) equal to (a) the sum of (x) the product of (i)
          the
          aggregate Stated Principal Balance of the Mortgage Loans and the REO Properties
          then outstanding, minus the Certificate Principal Balance of the Class
          P
          Certificates, and (ii) the Uncertificated REMIC 2 Pass-Through Rate for
          REMIC 2
          Regular Interest AA minus the Marker Rate, and (y) the accrued interest
          on REMIC
          2 Regular Interest P, divided by (b) 12.

        

        “REMIC
          2
          Overcollateralized Amount”: With respect to any date of determination, (i) 1.00%
          of the aggregate Uncertificated Principal Balance of the REMIC 2 Regular
          Interests, other than REMIC 2 Regular Interest P, minus (ii) the aggregate
          Uncertificated Principal Balance of each REMIC 2 Regular Interest for which
          a
          Class A, Class M or Class B Certificate is a Corresponding Certificate,
          in each
          case, as of such date of determination.

        

        “REMIC
          2
          Overcollateralization Target Amount”: 1.00% of the Overcollateralization Target
          Amount.

        

        “REMIC
          2
          Principal Loss Allocation Amount”: With respect to any Distribution Date, an
          amount equal to the product of (i) the aggregate Stated Principal Balance
          of the
          Mortgage Loans and the REO Properties then outstanding, minus the Certificate
          Principal Balance of the Class P Certificates, and (ii) 1 minus a fraction,
          the
          numerator of which is two (2) times the aggregate Uncertificated Principal
          Balance of each REMIC 2 Regular Interest for which a Class A, Class M or
          Class B
          Certificate is a Corresponding Certificate and the denominator of which
          is the
          aggregate Uncertificated Principal Balance of each REMIC 2 Regular Interest
          for
          which a Class A, Class M or Class B Certificate is a Corresponding Certificate
          and REMIC 2 Regular Interest ZZ.

        

        “REMIC
          2
          Regular Interest”: Any of the separate non-certificated beneficial ownership
          interests in REMIC 2 issued hereunder and designated as a Regular Interest
          in
          REMIC 2. Each REMIC 2 Regular Interest shall accrue interest at the related
          Uncertificated REMIC 2 Pass-Through Rate in effect from time to time, and
          (except for the REMIC 2 Regular Interests IO) shall be entitled to distributions
          of principal, subject to the terms and conditions hereof, in an aggregate
          amount
          equal to its initial Uncertificated Principal Balance as set forth in the
          Preliminary Statement hereto. The designations for the respective REMIC
          2
          Regular Interests are set forth in the Preliminary Statement hereto.

        

        “REMIC
          3”: The segregated pool of assets consisting of all of the REMIC 2 Regular
          Interests conveyed in trust to the Trustee, for the benefit of the holders
          of
          the Regular 3 Regular Interests and the Holders of the Class R Certificates
          (in
          respect of the Class R-3 Interest), pursuant to Article II hereunder, and
          all
          amounts deposited therein, with respect to which a separate REMIC election
          is to
          be made.

        

        
          
            
            

          

          
            46

            
              

            

          

          
            
            

          

        

        “REMIC
          3
          Regular Interest”: The Class IO Interest or any Regular Interest in REMIC 3 the
          ownership of which is represented by any of the Regular
          Certificates.

        

        “REMIC
          Provisions”: Provisions of the federal income tax law relating to real estate
          mortgage investment conduits, which appear at Sections 860A through 860G
          of
          Subchapter M of Chapter 1 of the Code, and related provisions, and proposed,
          temporary and final regulations and published rulings, notices and announcements
          promulgated thereunder, as the foregoing may be in effect from time to
          time.

        

        “REMIC
          Regular Interest”: A REMIC 1 Regular Interest or REMIC 2 Regular
          Interest.

        

        “Remittance
          Report”: A report prepared by the Master Servicer providing the information set
          forth in Exhibit E attached hereto.

        

        “REO
          Acquisition”: The acquisition by the Master Servicer on behalf of the Trustee
          for the benefit of the Certificateholders of any REO Property pursuant
          to
          Section 3.15.

        

        “REO
          Disposition”: The receipt by the Master Servicer of Insurance Proceeds,
          Liquidation Proceeds and other payments and recoveries (including proceeds
          of a
          final sale) which the Master Servicer expects to be finally recoverable
          from the
          sale or other disposition of the REO Property.

        

        “REO
          Imputed Interest”: As to any REO Property, for any period, an amount equivalent
          to interest (at the Mortgage Rate that would have been applicable to the
          related
          Mortgage Loan had it been outstanding) on the unpaid principal balance
          of the
          Mortgage Loan as of the date of acquisition thereof (as such balance is
          reduced
          pursuant to Section 3.15 by any income from the REO Property treated as
          a
          recovery of principal).

        

        “REO
          Proceeds”: Proceeds, net of directly related expenses, received in respect of
          any REO Property (including, without limitation, proceeds from the rental
          of the
          related Mortgaged Property and of any REO Disposition), which proceeds
          are
          required to be deposited into the Custodial Account as and when
          received.

        

        “REO
          Property”: A Mortgaged Property acquired by the Master Servicer on behalf of the
          Trust Fund through foreclosure or deed-in-lieu of foreclosure in connection
          with
          a defaulted Mortgage Loan.

        

        “Request
          for Release”: A release signed by a Servicing Officer, in the form of Exhibits
          F-1 or F-2 attached hereto.

        

        “Residual
          Certificate”: Any of the Class R Certificates.

        

        
          
            
            

          

          
            47

            
              

            

          

          
            
            

          

        

        “Residual
          Interest”: The sole class of “residual interests” in a REMIC within the meaning
          of Section 860G(a)(2) of the Code.

        

        “Responsible
          Officer”: When used with respect to the Trustee, the Chairman or Vice Chairman
          of the Board of Directors or Trustees, the Chairman or Vice Chairman of
          the
          Executive or Standing Committee of the Board of Directors or Trustees,
          the
          President, the Chairman of the Committee on Trust Matters, any vice president,
          any assistant vice president, the Secretary, any assistant secretary, the
          Treasurer, any assistant treasurer, any trust officer or assistant trust
          officer
          or any other officer of the Trustee customarily performing functions similar
          to
          those performed by any of the above designated officers and also, with
          respect
          to a particular matter, any other officer to whom such matter is referred
          because of such officer's knowledge of and familiarity with the particular
          subject.

        

        “Schedule”:
          The ISDA schedule, dated as of February 22, 2007, between the Supplemental
          Interest Trust Trustee and the Swap Provider.

        

        “Servicing
          Account”: The account or accounts created and maintained pursuant to Section
          3.09.

        

        “Servicing
          Advances”: All customary, reasonable and necessary “out of pocket” costs and
          expenses incurred in connection with a default, delinquency or other
          unanticipated event in the performance by the Master Servicer or any
          Sub-Servicer of its servicing obligations, including, but not limited to,
          the
          cost of (i) the preservation, restoration and protection of a Mortgaged
          Property, (ii) any enforcement or judicial proceedings, including foreclosures,
          including any expenses incurred in relation to any such proceedings that
          result
          from the Mortgage Loan being registered on the MERS System, (iii) the management
          and liquidation of any REO Property, including reasonable fees paid to
          any
          independent contractor in connection therewith, and (iv) compliance with
          the
          obligations under the second paragraph of Section 3.01, Section 3.09 and
          Section
          3.13 (other than any deductible described in the last paragraph
          thereof).

        

        “Servicing
          Criteria” The “servicing criteria” set forth in Item 1122(d) of Regulation AB,
          as such may be amended from time to time, or those Servicing Criteria otherwise
          mutually agreed to by Sponsor, the Master Servicer and the applicable
          Sub-Servicer in response to evolving interpretations of Regulation AB and
          incorporated into a revised Exhibit N. 

        

        “Servicing
          Guide”: The Impac Funding Corporation Servicing Guide attached hereto as Exhibit
          K.

        

        “Servicing
          Officer”: Any officer of the Master Servicer involved in, or responsible for,
          the administration and servicing of the Mortgage Loans, whose name and
          specimen
          signature appear on a list of servicing officers furnished to the Trustee
          by the
          Master Servicer, as such list may from time to time be amended.

        

        
          
            
            

          

          
            48

            
              

            

          

          
            
            

          

        

        “Single
          Certificate”: A Regular Certificate of any Class (other than a Class P
          Certificate) evidencing an Initial Certificate Principal Balance of $1,000,
          or,
          in the case of a Class P Certificate, a Certificate of such Class evidencing
          an
          Initial Certificate Principal Balance of $100.

        

        “Sponsor”:
          Impac Funding Corporation, or its successor in interest, in its capacity
          as
          seller under the Mortgage Loan Purchase Agreement. 

        

        “Standard
          & Poor’s”: Standard & Poor's Ratings Services, a division of The McGraw
          Hill Companies, Inc., or its successor in interest.

        

        “Startup
          Day”: The day designated as such pursuant to Article X hereof.

        

        “Stated
          Principal Balance”: With respect to any Mortgage Loan or related REO Property at
          any given time, (i) the principal balance of the Mortgage Loan outstanding
          as of
          the Cut-off Date, after application of principal payments due on or before
          such
          date, whether or not received, minus (ii) the sum of (a) the principal
          portion
          of the Monthly Payments due with respect to such Mortgage Loan or REO Property
          during each Due Period ending prior to the most recent Distribution Date
          which
          were received or with respect to which an Advance was made, and (b) all
          Principal Prepayments with respect to such Mortgage Loan or REO Property,
          and
          all Insurance Proceeds, Liquidation Proceeds and REO Proceeds to the extent
          applied by the Master Servicer as recoveries of principal in accordance
          with
          Section 3.15 with respect to such Mortgage Loan or REO Property, which
          were
          distributed pursuant to Section 4.01 on any previous Distribution Date,
          and (c)
          any Realized Loss with respect thereto allocated pursuant to Section 4.05
          for
          any previous Distribution Date.

        

        “Step-Up
          Date”: The Distribution Date immediately following the first Distribution Date
          in which the aggregate unpaid principal balance of the Mortgage Loans,
          and
          properties acquired in respect thereof, remaining in the Trust has been
          reduced
          to less than or equal to 10% of the Cut-off Date Balance.

        

        “Stepdown
          Date”: The earlier of (i) the first Distribution Date immediately following
          the
          Distribution Date on which the aggregate Certificate Principal Balance
          of the
          Class A Certificates has been reduced to zero and (ii) the later to occur
          of (x)
          the Distribution Date occurring in March 2010 and (y) the first Distribution
          Date on which the aggregate Certificate Principal Balance of the Class
          A
          Certificates (calculated for this purpose only after taking into account
          the
          receipt of principal on the Mortgage Loans, but prior to any distribution
          of
          principal to the holders of the Certificates) is less than or equal to
          approximately 85.80% of the aggregate principal balance of the Mortgage
          Loans,
          calculated after giving effect to scheduled payments of principal due during
          the
          related Due Period, to the extent received or advanced, and unscheduled
          collections of principal received during the related Prepayment
          Period.

        

        “Stepdown
          Target Subordination Percentage”: For each class of Subordinate Certificates,
          the respective percentages indicated in the following table:

        

        
          
            
            

          

          
            49

            
              

            

          

          
            
            

          

        

        

        
          	 	
                  Stepdown
                    Target 

                  Subordination
                    

                  Percentage

                
	
                  Class
                    M-1

                	
                  11.50%

                
	
                  Class
                    M-2

                	
                  9.10%

                
	
                  Class
                    M-3

                	
                  7.60%

                
	
                  Class
                    M-4

                	
                  6.40%

                
	
                  Class
                    M-5

                	
                  5.40%

                
	
                  Class
                    M-6

                	
                  4.40%

                
	
                  Class
                    M-7

                	
                  3.70%

                
	
                  Class
                    M-8

                	
                  3.00%

                
	
                  Class
                    B

                	
                  2.00%

                

        

        

        “Subordinate
          Certificates”: The Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class
          M-6, Class M-7, Class M-8 and Class B Certificates. 

        

        “Subordinate
          Class Principal Distribution Amount”: For any class of Subordinate Certificates
          and any Distribution Date, the excess of (1) the sum of (a) the aggregate
          Certificate Principal Balance of the Class A Certificates (after taking
          into
          account distribution of the Class A Principal Distribution Amount for such
          Distribution Date), (b) the aggregate Certificate Principal Balance of
          any
          class(es) of Subordinate Certificates that are senior to the subject class
          (in
          each case, after taking into account distribution of the Subordinate Class
          Principal Distribution Amount(s) for such senior class(es) of Certificates
          for
          such Distribution Date) and (c) the Certificate Principal Balance of the
          subject
          class of Subordinate Certificates immediately prior to such Distribution
          Date
          over (2) the lesser of (a) the product of (x) 100% minus the Stepdown Target
          Subordination Percentage for the subject class of Certificates and (y)
          the
          aggregate Stated Principal Balance of the Mortgage Loans for such Distribution
          Date and (b) the aggregate Stated Principal Balance of the Mortgage Loans
          for
          such Distribution Date minus the Overcollateralization Floor; provided,
          however,
          that if such class of Subordinate Certificates is the only class of Subordinate
          Certificates outstanding on such Distribution Date, that class will be
          entitled
          to receive the entire remaining Principal Distribution Amount until the
          Certificate Principal Balance thereof is reduced to zero.

        

        “Subsequent
          Recoveries”: Any Liquidation Proceeds (net of amounts owed to the Master
          Servicer or any Sub-Servicer with respect to the related Mortgage Loan)
          received
          after the final liquidation of a Mortgage Loan. If Subsequent Recoveries
          are
          received, they will be included as part of the Principal Remittance Amount
          for
          the following Distribution Date and distributed in accordance with the
          priorities described in Section 4.01 of this Agreement. In addition, after
          giving effect to all distributions on a Distribution Date, if any Allocated
          Realized Loss Amounts are outstanding, the Allocated Realized Loss Amount
          for
          the class of Class A, Class M and Class B Certificates then outstanding
          with the
          highest distribution priority will be decreased by the amount of such Subsequent
          Recoveries until reduced to zero (with any remaining Subsequent Recoveries
          applied to reduce the Allocated Realized Loss Amount of the class with
          the next
          highest distribution priority), and the Certificate Principal Balance of
          such
          class or classes of Class A, Class M and Class B Certificates will be increased
          by the same amount. Thereafter, such class or classes of Class A, Class
          M and
          Class B Certificates will accrue interest on the increased Certificate
          Principal
          Balance.

        

        
          
            
            

          

          
            50

            
              

            

          

          
            
            

          

        

        “Sub-Servicer”:
          Any Person with which the Master Servicer has entered into a Sub-Servicing
          Agreement and which meets the qualifications of a Sub-Servicer pursuant
          to
          Section 3.02.

        

        “Sub-Servicer
          Remittance Date”: With respect to any Mortgage Loan subserviced by Countrywide,
          the 21st day of each month, or if such day is not a Business Day, the
          immediately preceding Business Day.

        

        “Sub-Servicing
          Account”: An account established by a Sub-Servicer which meets the requirements
          set forth in Section 3.08 and is otherwise acceptable to the Master
          Servicer.

        

        “Sub-Servicing
          Agreement”: The written contract between the Master Servicer and a Sub-Servicer
          and any successor Sub-Servicer relating to servicing and administration
          of
          certain Mortgage Loans as provided in Section 3.02.

        

        “Sub-Servicing
          Fees”: With respect to each Mortgage Loan, accrued interest at the Sub-Servicing
          Fee Rate with respect to the Mortgage Loan on the same principal balance
          on
          which interest on the Mortgage Loan accrues for the calendar month. The
          Sub-Servicing Fees consist of subservicing and other related compensation
          payable to the related Sub-Servicer or to the Master Servicer if the Master
          Servicer is directly servicing the loan.

        

        “Sub-Servicing
          Fee Rate”: On each adjustable rate Mortgage Loan, a rate equal to 0.375% per
          annum. On each fixed rate first lien Mortgage Loan, a rate equal to 0.250%
          per
          annum. On each fixed rate second lien Mortgage Loan, a rate equal to 0.500%
          per
          annum. 

        

        “Substitution
          Adjustment”: As defined in Section 2.04 hereof.

        

        “Supplemental
          Interest Trust”: The corpus of a trust created pursuant to Section 4.09 of this
          Agreement and designated as the “Supplemental Interest Trust,” consisting of the
          Interest Rate Swap Agreement, the Cap Contracts, the Class IO Interest,
          the
          Collateral Account and the Derivative Account. For the avoidance of doubt,
          the
          Supplemental Interest Trust does not constitute a part of the Trust
          Fund.

        

        “Supplemental
          Interest Trust Trustee”: Deutsche Bank National Trust Company, or its successor
          in interest, or any successor trustee appointed as herein provided.

        

        
          
            
            

          

          
            51

            
              

            

          

          
            
            

          

        

        “Swap
          LIBOR”: LIBOR as determined pursuant to each Interest Rate Swap
          Agreement.

        

        “Swap
          Optional Termination Payment”: As defined in Section 9.01(b)
          hereof.

        

        “Swap
          Provider”: The swap provider under the Interest Rate Swap Agreement, and any
          successor in interest or assign. Initially, the Swap Provider shall be
          Bear
          Stearns Financial Products Inc.

        

        “Swap
          Provider Trigger Event”: With respect to any Distribution Date, (i) an Event of
          Default under the Interest Rate Swap Agreement with respect to which the
          Swap
          Provider is a Defaulting Party, (ii) a Termination Event under the related
          Interest Rate Swap Agreement with respect to which the Swap Provider is
          the sole
          Affected Party, or (iii) an Additional Termination Event under the Interest
          Rate
          Swap Agreement with respect to which the Swap Provider is the sole Affected
          Party.

        

        “Swap
          Termination Payment”: Upon the designation of an “Early Termination Date” as
          defined in the Interest Rate Swap Agreement, the payment to be made by
          the
          Supplemental Interest Trust to the Swap Provider or by the Swap Provider
          to the
          Supplemental Interest Trust, as applicable, pursuant to the terms of the
          Interest Rate Swap Agreement.

        

        “Tax
          Matters Person”: The person designated as “tax matters person” in the manner
          provided under Treasury Regulation Sections 1.860F-4(d) and 301.6231(a)(7)-1T.
          The Holder of the greatest Percentage Interest in a class of Residual Interests
          in a REMIC shall be the Tax Matters Person for the related REMIC. The Trustee,
          or any successor thereto or assignee thereof, shall serve as tax administrator
          hereunder and as agent for the related Tax Matters Person.

        

        “Tax
          Returns”: The federal income tax return on Internal Revenue Service Form 1066,
          U.S. Real Estate Mortgage Investment Conduit Income Tax Return, including
          Schedule Q thereto, Quarterly Notice to Residual Interest Holders of REMIC
          Taxable Income or Net Loss Allocation, or any successor forms, to be filed
          on
          behalf of REMIC 1, REMIC 2 and REMIC 3 due to their classification as REMICs
          under the REMIC Provisions, together with any and all other information,
          reports
          or returns that may be required to be furnished to the Certificateholders
          or
          filed with the Internal Revenue Service or any other governmental taxing
          authority under any applicable provisions of federal, state or local tax
          laws.

        

        “Transfer”:
          Any direct or indirect transfer, sale, pledge, hypothecation or other form
          of
          assignment of any Ownership Interest in a Certificate.

        

        “Transferor”:
          Any Person who is disposing by Transfer of any Ownership Interest in a
          Certificate.

        

        “Trigger
          Event”: A Trigger Event is in effect with respect to any Distribution Date with
          respect to the Mortgage Loans if:

        

        
          
            
            

          

          
            52

            
              

            

          

          
            
            

          

        

        (1) the
          average three-month rolling percentage obtained by dividing (x) Aggregate
          Stated
          Principal Balance of Mortgage Loans that are 60 or more days delinquent
          (including for this purpose any such Mortgage Loans in foreclosure, Mortgage
          Loans with respect to which the related Mortgaged Property has been acquired
          by
          the trust, and Mortgage Loans discharged due to bankruptcy) by (y) the
          Aggregate
          Stated Principal Balance of the Mortgage Loans, in each case, as of the
          last day
          of the previous calendar month, exceeds 43.25% multiplied by the Credit
          Enhancement Percentage; or

        

        (2) the
          cumulative amount of Realized Losses incurred on the mortgage loans from
          the
          Cut-off Date through the end of the calendar month immediately preceding
          such
          Distribution Date divided by the Cut-off Date Balance of the mortgage loans
          exceeds (i) 0.30% with respect to the Distribution Date occurring in March
          2009,
          plus an additional 1/12th of 0.45% for each month thereafter up to and
          including
          the Distribution Date in February 2010, (ii) 0.75% with respect to the
          Distribution Date occurring in March 2010, plus an additional 1/12th of
          0.50%
          for each month thereafter up to and including the Distribution Date in
          February
          2011, (iii) 1.25% with respect to the Distribution Date occurring in March
          2011,
          plus an additional 1/12th of 0.55% for each month thereafter up to and
          including
          the Distribution Date in February 2012, (iv) 1.80% with respect to the
          Distribution Date occurring in March 2012, plus an additional 1/12th of
          0.30%
          for each month thereafter up to and including the Distribution Date in
          February
          2013, (v) 2.10% with respect to the Distribution Date occurring in March
          2013,
          plus an additional 1/12th of 0.05% for each month thereafter up to and
          including
          the Distribution Date in February 2014 and (vi) 2.15% with respect to any
          Distribution Date occurring in March 2014 and thereafter

        

        For
          purposes of the foregoing calculation, a Mortgage Loan is considered “60 days”
delinquent if a payment due on the first day of a month has not been received
          by
          the second day of the second following month.

        

        “Trust
          Fund”: REMIC 1, REMIC 2, REMIC 3, the Net WAC Shortfall Reserve Fund and Master
          Servicer Prepayment Charge Payment Amounts.

        

        “Trustee”:
          Deutsche Bank National Trust Company, or its successor in interest, or
          any
          successor trustee appointed as herein provided.

        

        “Uncertificated
          Accrued Interest”: With respect to each REMIC Regular Interest on each
          Distribution Date, an amount equal to one month's interest at the related
          Uncertificated Pass-Through Rate on the Uncertificated Principal Balance
          or
          Uncertificated Notional Amount of such REMIC Regular Interest. In each
          case,
          Uncertificated Accrued Interest will be reduced by any Net Prepayment Interest
          Shortfalls and Relief Act Interest Shortfalls (allocated to such REMIC
          Regular
          Interests as set forth in Section 1.03).

        

        “Uncertificated
          Notional Balance”: With respect to REMIC 2 Regular Interest IO and each
          Distribution Date listed below, the aggregate Uncertificated Principal
          Balance
          of the REMIC 1 Regular Interests ending with the designation “A” listed
          below:

        

        
          
            
            

          

          
            53

            
              

            

          

          
            
            

          

        

        

        
          	
                  Distribution
                    

                  Date

                	
                  REMIC
                    1 Regular Interests

                
	
                  1

                	
                  1-1-A
                    through 1-58-A

                
	
                  2

                	
                  1-2-A
                    through 1-58-A

                
	
                  3

                	
                  1-3-A
                    through 1-58-A

                
	
                  4

                	
                  1-4-A
                    through 1-58-A

                
	
                  5

                	
                  1-5-A
                    through 1-58-A

                
	
                  6

                	
                  1-6-A
                    through 1-58-A

                
	
                  7

                	
                  1-7-A
                    through 1-58-A

                
	
                  8

                	
                  1-8-A
                    through 1-58-A

                
	
                  9

                	
                  1-9-A
                    through 1-58-A

                
	
                  10

                	
                  1-10-A
                    through 1-58-A

                
	
                  11

                	
                  1-11-A
                    through 1-58-A

                
	
                  12

                	
                  1-12-A
                    through 1-58-A

                
	
                  13

                	
                  1-13-A
                    through 1-58-A

                
	
                  14

                	
                  1-14-A
                    through 1-58-A

                
	
                  15

                	
                  1-15-A
                    through 1-58-A

                
	
                  16

                	
                  1-16-A
                    through 1-58-A

                
	
                  17

                	
                  1-17-A
                    through 1-58-A

                
	
                  18

                	
                  1-18-A
                    through 1-58-A

                
	
                  19

                	
                  1-19-A
                    through 1-58-A

                
	
                  20

                	
                  1-20-A
                    through 1-58-A

                
	
                  21

                	
                  1-21-A
                    through 1-58-A

                
	
                  22

                	
                  1-22-A
                    through 1-58-A

                
	
                  23

                	
                  1-23-A
                    through 1-58-A

                
	
                  24

                	
                  1-24-A
                    through 1-58-A

                
	
                  25

                	
                  1-25-A
                    through 1-58-A

                
	
                  26

                	
                  1-26-A
                    through 1-58-A

                
	
                  27

                	
                  1-27-A
                    through 1-58-A

                
	
                  28

                	
                  1-28-A
                    through 1-58-A

                
	
                  29

                	
                  1-29-A
                    through 1-58-A

                
	
                  30

                	
                  1-30-A
                    through 1-58-A

                
	
                  31

                	
                  1-31-A
                    through 1-58-A

                
	
                  32

                	
                  1-32-A
                    through 1-58-A

                
	
                  33

                	
                  1-33-A
                    through 1-58-A

                
	
                  34

                	
                  1-34-A
                    through 1-58-A

                
	
                  35

                	
                  1-35-A
                    through 1-58-A

                
	
                  36

                	
                  1-36-A
                    through 1-58-A

                
	
                  37

                	
                  1-37-A
                    through 1-58-A

                
	
                  38

                	
                  1-38-A
                    through 1-58-A

                
	
                  39

                	
                  1-39-A
                    through 1-58-A

                
	
                  40

                	
                  1-40-A
                    through 1-58-A

                
	
                  41

                	
                  1-41-A
                    through 1-58-A

                
	
                  42

                	
                  1-42-A
                    through 1-58-A

                
	
                  43

                	
                  1-43-A
                    through 1-58-A

                
	
                  44

                	
                  1-44-A
                    through 1-58-A

                
	
                  45

                	
                  1-45-A
                    through 1-58-A

                
	
                  46

                	
                  1-46-A
                    through 1-58-A

                
	
                  47

                	
                  1-47-A
                    through 1-58-A

                
	
                  48

                	
                  1-48-A
                    through 1-58-A

                
	
                  49

                	
                  1-49-A
                    through 1-58-A

                

        

         

        
          
            
            

          

          
            54

            
              

            

          

          
            
            

          

        

         

        
          	
                  Distribution
                    

                  Date

                	
                  REMIC
                    1 Regular Interests

                
	
                  50

                	
                  1-50-A
                    through 1-58-A

                
	
                  51

                	
                  1-51-A
                    through 1-58-A

                
	
                  52

                	
                  1-52-A
                    through 1-58-A

                
	
                  53

                	
                  1-53-A
                    through 1-58-A

                
	
                  54

                	
                  1-54-A
                    through 1-58-A

                
	
                  55

                	
                  1-55-A
                    through 1-58-A

                
	
                  56

                	
                  1-56-A
                    through 1-58-A

                
	
                  57

                	
                  1-57-A
                    through 1-58-A

                
	
                  58

                	
                  1-58-A

                
	
                  thereafter

                	
                  $0.00

                

        

         

        With
          respect to the Class IO Interest and any Distribution Date, an amount equal
          to
          the Uncertificated Notional Amount of the REMIC 2 Regular Interest
          IO.

        

        “Uncertificated
          Pass-Through Rate”: The Uncertificated REMIC 1 Pass-Through Rate or
          Uncertificated REMIC 2 Pass-Through Rate. 

        

        “Uncertificated
          Principal Balance”: With respect to each REMIC Regular Interest, the principal
          amount of such REMIC Regular Interest outstanding as of any date of
          determination. As of the Closing Date, the Uncertificated Principal Balance
          of
          each REMIC Regular Interest shall equal the amount set forth in the Preliminary
          Statement hereto as its initial Uncertificated Principal Balance. On each
          Distribution Date, the Uncertificated Principal Balance of each such REMIC
          Regular Interest shall be reduced by all distributions of principal made
          on such
          REMIC Regular Interest on such Distribution Date pursuant to Section 4.04
          and,
          if and to the extent necessary and appropriate, shall be further reduced
          on such
          Distribution Date by Realized Losses as provided in Section 4.05. The
          Uncertificated Principal Balance of REMIC 2 Regular Interest ZZ shall be
          increased by interest deferrals as provided in Section 4.04(b)(ii). The
          Uncertificated Principal Balance of each REMIC Regular Interest shall never
          be
          less than zero. 

        

        “Uncertificated
          REMIC 1 Pass-Through Rate”: With respect to REMIC 1 Regular Interests P and OC
          and any Distribution Date, a per annum rate equal to the weighted average
          of the
          Net Mortgage Rates of the Mortgage Loans as of the first day of the month
          preceding the month in which such Distribution Date occurs.

        

        With
          respect to each REMIC 1 Regular Interest ending with the designation “A” and any
          Distribution Date, a per annum rate equal to the weighted average of the
          Net
          Mortgage Rates of the Mortgage Loans as of the first day of the month preceding
          the month in which such Distribution Date occurs multiplied by 2, subject
          to a
          maximum rate equal to 2 multiplied by the per annum fixed rate set forth
          in the
          Interest Rate Swap Agreement to be used in determining the Net Swap Payment
          under such agreement for such Distribution Date.

        

        With
          respect to each REMIC 1 Regular Interest ending with the designation “B” and any
          Distribution Date, a per annum rate equal to the greater of (x) the excess
          of
          (1) 2 multiplied by the weighted average of the Net Mortgage Rates of the
          Mortgage Loans as of the first day of the month preceding the month in
          which
          such Distribution Date occurs, over (2) 2 multiplied by the per annum fixed
          rate
          set forth in the Interest Rate Swap Agreement to be used in determining
          the Net
          Swap Payment under such agreement for such Distribution Date, and (y)
          0.00%.

        

        
          
            
            

          

          
            55

            
              

            

          

          
            
            

          

        

        “Uncertificated
          REMIC 2 Pass-Through Rate”: With respect to each REMIC 2 Regular Interest (other
          than REMIC 2 Regular Interest IO) and any Distribution Date, a per annum
          rate
          equal to the weighted average of (i) the Uncertificated REMIC 1 Pass-Through
          Rates for the REMIC 1 Regular Interests ending with the designation “B”, REMIC 1
          Regular Interest P and REMIC 1 Regular Interest OC for such Distribution
          Date,
          and (ii) the rates listed below for the REMIC 1 Regular Interests ending
          with
          the designation “A” for such Distribution Date, in each case weighted on the
          basis of the Uncertificated Principal Balances of each such REMIC 1 Regular
          Interest for such Distribution Date:

         

        
          	
                  Distribution
                    

                  Date

                	
                  REMIC
                    1 Regular Interest

                	
                  Rate

                
	
                  1

                	
                  1-1-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  2

                	
                  1-2-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  3

                	
                  1-3-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-2-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  4

                	
                  1-4-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-3-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  5

                	
                  1-5-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-4-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  6

                	
                  1-6-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-5-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  7

                	
                  1-7-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-6-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  8

                	
                  1-8-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-7-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  9

                	
                  1-9-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-8-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  10

                	
                  1-10-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-9-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  11

                	
                  1-11-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-10-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  12

                	
                  1-12-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-11-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  13

                	
                  1-13-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-12-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                

        

         

        
          
            
            

          

          
            56

            
              

            

          

          
            
            

          

        

         

        
          	
                  Distribution
                    

                  Date

                	
                  REMIC
                    1 Regular Interest

                	
                  Rate

                
	
                  14

                	
                  1-14-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-13-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  15

                	
                  1-15-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-14-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  16

                	
                  1-16-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-15-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  17

                	
                  1-17-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-16-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  18

                	
                  1-18-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-17-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  19

                	
                  1-19-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-18-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  20

                	
                  1-20-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-19-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  21

                	
                  1-21-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-20-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  22

                	
                  1-22-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-21-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  23

                	
                  1-23-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-22-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  24

                	
                  1-24-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-23-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  25

                	
                  1-25-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-24-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  26

                	
                  1-26-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-25-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  27

                	
                  1-27-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-26-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  28

                	
                  1-28-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-27-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  29

                	
                  1-29-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-28-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  30

                	
                  1-30-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-29-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  31

                	
                  1-31-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-30-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                

        

         

        
          
            
            

          

          
            57

            
              

            

          

          
            
            

          

        

         

        
          	
                  Distribution
                    

                  Date

                	
                  REMIC
                    1 Regular Interest

                	
                  Rate

                
	
                  32

                	
                  1-32-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-31-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  33

                	
                  1-33-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-32-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  34

                	
                  1-34-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-33-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  35

                	
                  1-35-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-34-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  36

                	
                  1-36-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-35-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  37

                	
                  1-37-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-36-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  38

                	
                  1-38-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-37-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  39

                	
                  1-39-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-38-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  40

                	
                  1-40-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-39-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  41

                	
                  1-41-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-40-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  42

                	
                  1-42-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-41-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  43

                	
                  1-43-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-42-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  44

                	
                  1-44-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-43-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  45

                	
                  1-45-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-44-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  46

                	
                  1-46-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-45-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  47

                	
                  1-47-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-46-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  48

                	
                  1-48-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-47-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  49

                	
                  1-49-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-48-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  50

                	
                  1-50-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-49-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                

        

         

        
          
            
            

          

          
            58

            
              

            

          

          
            
            

          

        

         

        
          	
                  Distribution
                    

                  Date

                	
                  REMIC
                    1 Regular Interest

                	
                  Rate

                
	
                  51

                	
                  1-51-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-50-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  52

                	
                  1-52-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-51-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  53

                	
                  1-53-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-52-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  54

                	
                  1-54-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-53-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  55

                	
                  1-55-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-54-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  56

                	
                  1-56-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-55-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  57

                	
                  1-57-A
                    through 1-58-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-56-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  58

                	
                  1-58-A
                    

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  1-1-A
                    through 1-57-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  thereafter

                	
                  1-1-A
                    through 1-58-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                

        

         

        With
          respect to REMIC 2 Regular Interest IO and any Distribution Date, a per
          annum
          rate equal to the excess of (i) the weighted average of the Uncertificated
          REMIC
          1 Pass-Through Rates for the REMIC 1 Regular Interests ending with the
          designation “A” for such Distribution Date over (ii) 2 multiplied by Swap LIBOR
          for such Distribution Date.

        

        “Uninsured
          Cause”: Any cause of damage to property subject to a Mortgage such that the
          complete restoration of such property is not fully reimbursable by the
          hazard
          insurance policies or flood insurance policies required to be maintained
          pursuant to Section 3.13.

        

        “United
          States Person”: A citizen or resident of the United States, a corporation or a
          partnership (including an entity treated as a corporation or partnership
          for
          United States federal income tax purposes) created or organized in, or
          under the
          laws of, the United States or any State thereof or the District of Columbia
          (except, in the case of a partnership, to the extent provided in regulations)
          provided that, for purposes solely of the restrictions on the transfer
          of Class
          R Certificates, no partnership or other entity treated as a partnership
          for
          United States federal income tax purposes shall be treated as a United
          States
          Person unless all persons that own an interest in such partnership either
          directly or through any entity that is not a corporation for United States
          federal income tax purposes are required by the applicable operative agreement
          to be United States Persons or an estate whose income is subject to United
          States federal income tax regardless of its source, or a trust if a court
          within
          the United States is able to exercise primary supervision over the
          administration of the trust and one or more such United States Persons
          have the
          authority to control all substantial decisions of the trust. To the extent
          prescribed in regulations by the Secretary of the Treasury, which have
          not yet
          been issued, a trust which was in existence on August 20, 1996 (other than
          a
          trust treated as owned by the grantor under subpart E of part I of subchapter
          J
          of chapter 1 of the Code), and which was treated as a United States person
          on
          August 20, 1996 may elect to continue to be treated as a United States
          person
          notwithstanding the previous sentence.

        

        
          
            
            

          

          
            59

            
              

            

          

          
            
            

          

        

        “Unpaid
          Interest Shortfall Amount”: For each Class of Class A, Class M and Class B
          Certificates and any Distribution Date, the amount, if any, by which (a)
          the sum
          of (1) the Monthly Interest Distributable Amount for such Class for such
          Distribution Date and (2) the outstanding Unpaid Interest Shortfall Amount,
          if
          any, for such Class for the immediately preceding Distribution Date exceeds
          (b)
          the aggregate amount distributed on such Class in respect of interest pursuant
          to clause (a) of this definition on such Distribution Date, plus interest
          on the
          amount of Unpaid Interest Shortfall Amount due but not paid on such Class
          on the
          immediately preceding Distribution Date, to the extent permitted by law,
          at the
          Pass-Through Rate for such Class for the related Accrual Period.

        

        “Voting
          Rights”: The portion of the voting rights of all of the Certificates which is
          allocated to any Certificate. At all times during the term of this Agreement,
          (i) 98% of all Voting Rights will be allocated among the Holders of the
          Class A
          Certificates, the Subordinate Certificates and the Class C Certificates
          in
          proportion to the then outstanding Certificate Principal Balances of their
          respective Certificates, (ii) 1% of all Voting Rights will be allocated
          to the
          Holders of the Class P Certificates and (iii) 1% of all Voting Rights will
          be
          allocated to the Holders of the Class R Certificates. The Voting Rights
          allocated to any Class of Certificates shall be allocated among all Holders
          of
          the Certificates of such Class in proportion to the outstanding Percentage
          Interests in such Class represented thereby.

        

        “Weighted
          Average Net Mortgage Rate”: The weighted average of the Net Mortgage Rates of
          the Mortgage Loans, weighted on the basis of the Stated Principal Balances
          thereof as of the close of business on the first day of the calendar month
          preceding the month in which such Distribution Date occurs.

        

        Section
          1.02. Determination
          of LIBOR.

        

        LIBOR
          applicable to the calculation of the Pass-Through Rate on the Class A
          Certificates and Subordinate Certificates for any Accrual Period will be
          determined on each LIBOR Rate Adjustment Date.

        

        On
          each
          LIBOR Rate Adjustment Date, LIBOR shall be established by the Trustee and,
          as to
          any Accrual Period, will equal the rate for one month United States dollar
          deposits that appears on the Telerate Screen Page 3750 as of 11:00 a.m.,
          London
          time, on such LIBOR Rate Adjustment Date. “Telerate Screen Page 3750” means the
          display designated as page 3750 on the Telerate Service (or such other
          page as
          may replace page 3750 on that service for the purpose of displaying London
          interbank offered rates of major banks). If such rate does not appear on
          such
          page (or such other page as may replace that page on that service, or if
          such
          service is no longer offered, LIBOR shall be so established by use of such
          other
          service for displaying LIBOR or comparable rates as may be selected by
          the
          Trustee after consultation with the Master Servicer), the rate will be
          the
          Reference Bank Rate. The “Reference Bank Rate” will be determined on the basis
          of the rates at which deposits in U.S. Dollars are offered by the reference
          banks (which shall be any three major banks that are engaged in transactions
          in
          the London interbank market, selected by the Trustee after consultation
          with the
          Master Servicer) as of 11:00 a.m., London time, on the LIBOR Rate Adjustment
          Date to prime banks in the London interbank market for a period of one
          month in
          amounts approximately equal to the aggregate Certificate Principal Balance
          of
          the Class A Certificates and Subordinate Certificates then outstanding.
          The
          Trustee will request the principal London office of each of the reference
          banks
          to provide a quotation of its rate. If at least two such quotations are
          provided, the rate will be the arithmetic mean of the quotations rounded
          up to
          the next multiple of 1/16%. If on such date fewer than two quotations are
          provided as requested, the rate will be the arithmetic mean of the rates
          quoted
          by one or more major banks in New York City, selected by the Trustee after
          consultation with the Master Servicer, as of 11:00 a.m., New York City
          time, on
          such date for loans in U.S. Dollars to leading European banks for a period
          of
          one month. If no such quotations can be obtained, the rate will be LIBOR
          for the
          prior Distribution Date; provided however, if, under the priorities described
          above, LIBOR for a Distribution Date would be based on LIBOR for the previous
          Distribution Date for the third consecutive Distribution Date, the Trustee
          shall
          select an alternative comparable index after consultation with the Master
          Servicer (over which the Trustee has no control), used for determining
          one-month
          Eurodollar lending rates that is calculated and published (or otherwise
          made
          available) by an independent party.

        

        
          
            
            

          

          
            60

            
              

            

          

          
            
            

          

        

        The
          establishment of LIBOR by the Trustee on any LIBOR Rate Adjustment Date
          and the
          Trustee’s subsequent calculation of the Pass-Through Rate applicable to the
          Class A Certificates and Subordinate Certificates for the relevant Accrual
          Period, in the absence of manifest error, will be final and
          binding.

        

        Promptly
          following each LIBOR Rate Adjustment Date the Trustee shall supply the
          Master
          Servicer with the results of its determination of LIBOR on such date.
          Furthermore, the Trustee will supply to any Certificateholder so requesting
          by
          telephone the Pass-Through Rate on the Class A Certificates and Subordinate
          Certificates for the current and the immediately preceding Accrual
          Period.

        

        Section
          1.03. Allocation
          of Certain Interest Shortfalls.

        

        For
          purposes of calculating the amount of the Monthly Interest Distributable
          Amount
          for the Class A Certificates, the Subordinate Certificates and the Class
          C
          Certificates for any Distribution Date, the aggregate amount of any Net
          Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred
          in respect of the Mortgage Loans for any Distribution Date shall be allocated
          first, to the Class C Certificates, based on, and to the extent of, one
          month's
          interest at the then applicable Pass-Through Rate on the Notional Balance
          of
          such Certificates and, thereafter, among the Class A, Class M and Class
          B
          Certificates on a pro
          rata
          basis,
          based on, and to the extent of, one month's interest at the then applicable
          respective Pass-Through Rates on the respective Certificate Principal Balances
          of each such Certificate.

        

        
          
            
            

          

          
            61

            
              

            

          

          
            
            

          

        

        For
          purposes of calculating the amount of Uncertificated Accrued Interest for
          the
          REMIC 1 Regular Interests for any Distribution Date, the aggregate amount
          of any
          Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls
          incurred in respect of the Mortgage Loans shall be allocated first, to
          REMIC 1
          Regular Interests ending with the designation “B” and REMIC 1 Regular Interests
          P and OC, pro
          rata,
          based
          on, and to the extent of, one month’s interest at the then applicable respective
          Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated
          Principal Balances of each such REMIC 1 Regular Interest, and then, to
          REMIC 1
          Regular Interests ending with the designation “A”, pro
          rata,
          based
          on, and to the extent of, one month’s interest at the then applicable respective
          Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated
          Principal Balances of each such REMIC 1 Regular Interest.

        

        For
          purposes of calculating the amount of Uncertificated Accrued Interest for
          the
          REMIC 2 Regular Interests (other than REMIC 2 Regular Interest IO) for
          any
          Distribution Date, the aggregate amount of any Net Prepayment Interest
          Shortfalls and any Relief Act Interest Shortfalls incurred in respect of
          the
          Mortgage Loans for any Distribution Date shall be allocated first, to
          Uncertificated Accrued Interest payable to REMIC 2 Regular Interest AA
          and REMIC
          2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest
          Loss Allocation Amount, 98% and 2%, respectively, and thereafter among
          REMIC 2
          Regular Interest AA, each REMIC 2 Regular Interest for which a Class A,
          Class B,
          Class M or Class P Certificate is the Corresponding Certificate and REMIC
          2
          Regular Interest ZZ, pro
          rata,
          based
          on, and to the extent of, one month’s interest at the then applicable respective
          Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated
          Principal Balances of each such REMIC 2 Regular Interest.

        

        ARTICLE
          II

        

        CONVEYANCE
          OF MORTGAGE LOANS;

        ORIGINAL
          ISSUANCE OF CERTIFICATES

        

        
          	 	
                  Section
                    2.01.

                	
                  Conveyance
                    of Mortgage Loans.

                

        

        

        The
          Depositor, as of the Closing Date, and concurrently with the execution
          and
          delivery hereof, does hereby assign, transfer, sell, set over and otherwise
          convey to the Trustee without recourse all the right, title and interest
          of the
          Depositor in and to the Mortgage Loans identified on the Mortgage Loan
          Schedule
          (exclusive of any late payment charges received thereon) and all other
          assets
          included or to be included in the Trust Fund for the benefit of the
          Certificateholders, including the amount to be deposited by or on behalf
          of the
          Depositor into the Net WAC Shortfall Reserve Fund. Such assignment includes
          all
          principal and interest received by the Master Servicer on or with respect
          to the
          Mortgage Loans (other than payment of principal and interest due on or
          before
          the Cut-off Date).

        

        
          
            
            

          

          
            62

            
              

            

          

          
            
            

          

        

        In
          connection with such transfer and assignment, the Depositor has caused
          the
          Sponsor to deliver to, and deposit with the Trustee, as described in the
          Mortgage Loan Purchase Agreement, with respect to each Mortgage Loan, the
          following documents or instruments:

        

        (i) the
          original Mortgage Note endorsed without recourse, “Deutsche Bank National Trust
          Company, as trustee under the Pooling and Servicing Agreement relating
          to Impac
          Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-1” with
          all intervening endorsements showing an unbroken chain of endorsements
          from the
          originator to the Person endorsing it to the Trustee or, with respect to
          any
          Mortgage Loan as to which the original Mortgage Note has been permanently
          lost
          or destroyed and has not been replaced, a Lost Note Affidavit;

        

        (ii) the
          original recorded Mortgage, noting the presence of the MIN of the Mortgage
          Loan
          and language indicating that the Mortgage Loan is a MOM Loan if the Mortgage
          Loan is a MOM Loan, with evidence of recording indicated thereon or, if
          the
          original Mortgage has not been returned from the public recording office,
          a copy
          of the Mortgage certified by the Sponsor or the public recording office
          in which
          such Mortgage has been recorded to be a true and complete copy of the original
          Mortgage submitted for recording;

        

        (iii) unless
          the Mortgage Loan is registered on the MERS® System, a duly executed original
          Assignment of the Mortgage, without recourse, in recordable form to Deutsche
          Bank National Trust Company, as trustee,” or to “Deutsche Bank National Trust
          Company, as trustee for holders of Impac Secured Assets Corp., Mortgage
          Pass-Through Certificates, Series 2007-1”;

        

        (iv) the
          original recorded Assignment or Assignments of the Mortgage showing an
          unbroken
          chain of assignment from the originator thereof to the Person assigning
          it to
          the Trustee (or to MERS, if the Mortgage Loan is registered on the MERS® System
          and noting the presence of a MIN) or, if any such Assignment has not been
          returned from the applicable public recording office, a copy of such Assignment
          certified by the Sponsor to be a true and complete copy of the original
          Assignment submitted to the title insurance company for recording;

        

        (v) the
          original title insurance policy, or, if such policy has not been issued,
          any one
          of an original or a copy of the preliminary title report, title binder
          or title
          commitment on the Mortgaged Property with the original policy of the insurance
          to be delivered promptly following the receipt thereof;

        

        (vi) a
          copy of
          the related hazard insurance policy; and

        

        
          
            
            

          

          
            63

            
              

            

          

          
            
            

          

        

        (vii) a
          true
          and correct copy of any assumption, modification, consolidation or substitution
          agreement.

        

        The
          Sponsor is obligated as described in the Mortgage Loan Purchase Agreement,
          with
          respect to the Mortgage Loans, to deliver to the Trustee: (a) either the
          original recorded Mortgage, or in the event such original cannot be delivered
          by
          the Sponsor, a copy of such Mortgage certified as true and complete by
          the
          appropriate recording office, in those instances where a copy thereof certified
          by the Sponsor was delivered to the Trustee pursuant to clause (ii) above;
          and
          (b) either the original Assignment or Assignments of the Mortgage, with
          evidence
          of recording thereon, showing an unbroken chain of assignment from the
          originator to the Sponsor, or in the event such original cannot be delivered
          by
          the Sponsor, a copy of such Assignment or Assignments certified as true
          and
          complete by the appropriate recording office, in those instances where
          copies
          thereof certified by the Sponsor were delivered to the Trustee pursuant
          to
          clause (iv) above. However, pursuant to the Mortgage Loan Purchase Agreement
          with respect to the Mortgage Loans, the Sponsor need not cause to be recorded
          any assignment in any jurisdiction under the laws of which, as evidenced
          by an
          Opinion of Counsel delivered by the Sponsor to the Trustee and the Rating
          Agencies, the recordation of such assignment is not necessary to protect
          the
          Trustee’s interest in the related Mortgage Loan; provided,
          however,
          notwithstanding the delivery of any Opinion of Counsel, each assignment
          shall be
          submitted for recording by the Sponsor in the manner described above, at
          no
          expense to the Trust or the Trustee, upon the earliest to occur of: (i)
          direction by the Holders of Certificates evidencing at least 25% of the
          Voting
          Rights, (ii) the occurrence of a Event of Default, (iii) the occurrence
          of a
          bankruptcy, insolvency or foreclosure relating to the Sponsor, (iv) the
          occurrence of a servicing transfer as described in Section 7.02 hereof
          and (v)
          if the Sponsor is not the Master Servicer and with respect to any one
          assignment, the occurrence of a bankruptcy, insolvency or foreclosure relating
          to the Mortgagor under the related Mortgage.

        

        Notwithstanding
          anything to the contrary contained in this Section 2.01, in those instances
          where the public recording office retains the original Mortgage after it
          has
          been recorded, the Sponsor shall be deemed to have satisfied its obligations
          hereunder upon delivery to the Trustee of a copy of such Mortgage certified
          by
          the public recording office to be a true and complete copy of the recorded
          original thereof.

        

        If
          any
          Assignment is lost or returned unrecorded to the Trustee because of any
          defect
          therein, the Sponsor is required, as described in the Mortgage Loan Purchase
          Agreement with respect to the Mortgage Loans, to prepare a substitute Assignment
          or cure such defect, as the case may be, and the Sponsor shall cause such
          Assignment to be recorded in accordance with this section.

        

        The
          Sponsor is required as described in the Mortgage Loan Purchase Agreement
          with
          respect to the Mortgage Loans, to exercise its best reasonable efforts
          to
          deliver or cause to be delivered to the Trustee within 120 days of the
          Closing
          Date, with respect to the Mortgage Loans, the original or a photocopy of
          the
          title insurance policy with respect to each such Mortgage Loan assigned
          to the
          Trustee pursuant to this Section 2.01.

        

        
          
            
            

          

          
            64

            
              

            

          

          
            
            

          

        

        In
          connection with the assignment of any Mortgage Loan registered on the MERS®
System, the Sponsor further agrees that it will cause, at the Sponsor's
          own
          expense, as of the Closing Date, the MERS® System to indicate that such Mortgage
          Loans have been assigned by the Sponsor to the Trustee in accordance with
          this
          Agreement for the benefit of the Certificateholders by including (or deleting,
          in the case of Mortgage Loans which are repurchased in accordance with
          this
          Agreement) in such computer files (a) the code in the field which identifies
          the
          specific Trustee and (b) the code in the field “Pool Field” which identifies the
          series of the Certificates issued in connection with such Mortgage Loans.
          The
          Depositor further agrees that it will not, and will not permit the Master
          Servicer to, and the Master Servicer agrees that it will not, alter the
          codes
          referenced in this paragraph with respect to any Mortgage Loan during the
          term
          of this Agreement unless and until such Mortgage Loan is repurchased in
          accordance with the terms of this Agreement.

        

        All
          original documents relating to the Mortgage Loans which are not delivered
          to the
          Trustee are and shall be held by the Master Servicer in trust for the benefit
          of
          the Trustee on behalf of the Certificateholders.

        

        Except
          as
          may otherwise expressly be provided herein, none of the Depositor, the
          Master
          Servicer or the Trustee shall (and the Master Servicer shall ensure that
          no
          Sub-Servicer shall) assign, sell, dispose of or transfer any interest in
          the
          Trust Fund or any portion thereof, or cause the Trust Fund or any portion
          thereof to be subject to any lien, claim, mortgage, security interest,
          pledge or
          other encumbrance.

        

        It
          is
          intended that the conveyance of the Mortgage Loans by the Depositor to
          the
          Trustee as provided in this Section be, and be construed as, a sale of
          the
          Mortgage Loans as provided for in this Section 2.01 by the Depositor to
          the
          Trustee for the benefit of the Certificateholders. It is, further, not
          intended
          that such conveyance be deemed a pledge of the Mortgage Loans by the Depositor
          to the Trustee to secure a debt or other obligation of the Depositor. However,
          in the event that the Mortgage Loans are held to be property of the Depositor,
          or if for any reason this Agreement is held or deemed to create a security
          interest in the Mortgage Loans, then it is intended that, (a) this Agreement
          shall also be deemed to be a security agreement within the meaning of Articles
          8
          and 9 of the New York Uniform Commercial Code and the Uniform Commercial
          Code of
          any other applicable jurisdiction; (b) the conveyance provided for in this
          Section shall be deemed to be (1) a grant by the Depositor to the Trustee
          of a
          security interest in all of the Depositor's right (including the power
          to convey
          title thereto), title and interest, whether now owned or hereafter acquired,
          in
          and to (A) the Mortgage Loans, including the Mortgage Notes, the Mortgages,
          any
          related Insurance Policies and all other documents in the related Mortgage
          Files, (B) all amounts payable to the holders of the Mortgage Loans in
          accordance with the terms thereof and (C) all proceeds of the conversion,
          voluntary or involuntary, of the foregoing into cash, instruments, securities
          or
          other property, including without limitation all amounts from time to time
          held
          or invested in the Certificate Account or the Custodial Account, whether
          in the
          form of cash, instruments, securities or other property and (2) an assignment
          by
          the Depositor to the Trustee of any security interest in any and all of
          the
          Sponsor's right (including the power to convey title thereto), title and
          interest, whether now owned or hereafter acquired, in and to the property
          described in the foregoing clauses (1)(A) through (C); (c) the possession
          by the
          Trustee or any other custodian or agent of the Trustee of Mortgage Notes
          and
          such other items of property as constitute instruments, money, negotiable
          documents or chattel paper shall be deemed to be “possession by the secured
          party” or possession by a purchaser or a person designated by such secured
          party, for purposes of perfecting the security interest pursuant to the
          New York
          Uniform Commercial Code and the Uniform Commercial Code of any other applicable
          jurisdiction (including, without limitation, Sections 9-115, 9-305, 8-102,
          8-301, 8-501 and 8-503 thereof); and (d) notifications to persons holding
          such
          property, and acknowledgments, receipts or confirmations from persons holding
          such property, shall be deemed notifications to, or acknowledgments, receipts
          or
          confirmations from, financial intermediaries, bailees or agents (as applicable)
          of the Trustee for the purpose of perfecting such security interest under
          applicable law. The Depositor and the Trustee shall, to the extent consistent
          with this Agreement, take such actions as may be necessary to ensure that,
          if
          this Agreement were deemed to create a security interest in the Mortgage
          Loans,
          such security interest would be deemed to be a perfected security interest
          of
          first priority under applicable law and will be maintained as such throughout
          the term of the Agreement.

        

        
          
            
            

          

          
            65

            
              

            

          

          
            
            

          

        

        Concurrently
          with the execution of this Agreement, the Interest Rate Swap Agreement
          and Cap
          Contracts shall be delivered to the Trustee. In connection therewith, the
          Depositor hereby directs the Trustee, as Supplemental Interest Trust Trustee
          (not in its individual capacity, but solely in its capacity as Supplemental
          Interest Trust Trustee), to execute and deliver the Interest Rate Swap
          Agreement
          and to exercise the rights, perform the obligations, and make the
          representations of Party B (as defined therein) as set forth in the Interest
          Rate Swap Agreement and as provided in this Agreement on the Closing Date
          and
          thereafter. In addition, the Trustee, as Supplemental Interest Trust Trustee
          (not in its individual capacity, but solely in its capacity as Supplemental
          Interest Trust Trustee), is hereby directed to execute and deliver the
          Cap
          Contracts on behalf of Party B (as defined therein) and to exercise the
          rights,
          perform the obligations, and make the representations of Party B as set
          forth in
          the each Cap Contract and as provided in this Agreement on the Closing
          Date and
          thereafter. The Sponsor, the Master Servicer, the Depositor and the
          Certificateholders, by acceptance of their Certificates, acknowledge and
          agree
          that the Trustee, as Supplemental Interest Trust Trustee, shall execute
          and
          deliver the Interest Rate Swap Agreement and Cap Contracts on behalf of
          Party B
          (as defined therein) and shall exercise the rights, perform the obligations,
          and
          make the representations of Party B as set forth in the Interest Rate Swap
          Agreement and Cap Contracts and as provided in this Agreement and shall
          do so
          solely in its capacity as Supplemental Interest Trust Trustee and not in
          its
          individual capacity.

        

        Every
          provision of this Agreement relating to the conduct or affecting the liability
          of or affording protection to the Supplemental Interest Trust Trustee shall
          apply to the Supplemental Interest Trust Trustee’s execution of the Interest
          Rate Swap Agreement and Cap Contracts, and the performance of its duties
          and the
          satisfaction of its obligations on behalf of Party B thereunder.

        

        
          
            
            

          

          
            66

            
              

            

          

          
            
            

          

        

        
          	 	
                  Section
                    2.02.

                	
                  Acceptance
                    of the Trust Fund by the Trustee.

                

        

        

        The
          Trustee, with respect to the Mortgage Files held by it, acknowledges receipt
          (subject to any exceptions noted in the Initial Certification described
          below)
          on behalf of the Trustee, of the documents referred to in Section 2.01
          above and
          all other assets included in the definition of “Trust Fund” and declares that it
          holds and will hold such documents and the other documents delivered to
          it
          constituting the Mortgage Files, and that it holds or will hold such other
          assets included in the definition of “Trust Fund” (to the extent delivered or
          assigned to the Trustee), in trust for the exclusive use and benefit of
          all
          present and future Certificateholders.

        

        The
          Trustee agrees, for the benefit of the Certificateholders, to review or
          cause to
          be reviewed on its behalf, each Mortgage File on or before the Closing
          Date to
          ascertain that all documents required to be delivered to it are in its
          possession, and the Trustee agrees to execute and deliver, or cause to
          be
          executed and delivered, to the Depositor and the Master Servicer on the
          Closing
          Date, with respect to each Mortgage Loan, an Initial Certification in the
          form
          annexed hereto as Exhibit C to the effect that, as to each Mortgage Loan
          listed
          in the Mortgage Loan Schedule (other than any Mortgage Loan paid in full
          or any
          Mortgage Loan specifically identified in such certification as not covered
          by
          such certification), (i) all documents required to be delivered to it pursuant
          to this Agreement with respect to such Mortgage Loan are in its possession,
          (ii)
          such documents have been reviewed by it and appear regular on their face
          and
          relate to such Mortgage Loan and (iii) based on its examination and only
          as to
          the foregoing documents, the information set forth in items (i), (ii),
          (iii)(A)
          and (iv) of the definition of the “Mortgage Loan Schedule” accurately reflects
          information set forth in the Mortgage File. None of the Trustee or the
          Master
          Servicer shall be under any duty to determine whether any Mortgage File
          should
          include any of the documents specified in clause (vi) or (vii) of Section
          2.01.
          None of the Trustee or the Master Servicer shall be under any duty or obligation
          to inspect, review or examine said documents, instruments, certificates
          or other
          papers to determine that the same are genuine, enforceable or appropriate
          for
          the represented purpose or that they have actually been recorded, or they
          are in
          recordable form or that they are other than what they purport to be on
          their
          face.

        

        Within
          90
          days of the Closing Date, with respect to the Mortgage Loans, the Trustee
          shall
          deliver to the Depositor and the Master Servicer a Final Certification
          in the
          form annexed hereto as Exhibit D evidencing the completeness of the Mortgage
          Files, with any applicable exceptions noted thereon, with respect to all
          of the
          Mortgage Loans.

        

        
          
            
            

          

          
            67

            
              

            

          

          
            
            

          

        

        If
          in the
          process of reviewing the Mortgage Files and preparing the certifications
          referred to above the Trustee finds any document or documents constituting
          a
          part of a Mortgage File to be missing or defective in any material respect,
          the
          Trustee shall promptly notify the Sponsor, the Master Servicer and the
          Depositor. The Trustee shall promptly notify the Sponsor of such defect
          and
          request that the Sponsor cure any such defect within 60 days from the date
          on
          which the Sponsor was notified of such defect, and if the Sponsor does
          not cure
          such defect in all material respects during such period, request on behalf
          of
          the Certificateholders that the Sponsor purchase such Mortgage Loan from
          the
          Trust Fund at the Purchase Price within 90 days after the date on which
          the
          Sponsor was notified of such defect; provided that if such defect would
          cause
          the Mortgage Loan to be other than a “qualified mortgage” as defined in Section
          860G(a)(3) of the Code, any such cure or repurchase must occur within 90
          days
          from the date such breach was discovered. It is understood and agreed that
          the
          obligation of the Sponsor to cure a material defect in, or purchase any
          Mortgage
          Loan as to which a material defect in a constituent document exists shall
          constitute the sole remedy respecting such defect available to
          Certificateholders or the Trustee on behalf of Certificateholders. The
          Purchase
          Price for the purchased Mortgage Loan shall be deposited or caused to be
          deposited upon receipt by the Master Servicer in the Custodial Account
          and, upon
          receipt by the Trustee of written notification of such deposit signed by
          a
          Servicing Officer, the Trustee shall release or cause to be released to
          the
          Sponsor the related Mortgage File and shall execute and deliver such instruments
          of transfer or assignment, in each case without recourse, as the Sponsor
          shall
          require as necessary to vest in the Sponsor ownership of any Mortgage Loan
          released pursuant hereto and at such time the Trustee shall have no further
          responsibility with respect to the related Mortgage File. In furtherance
          of the
          foregoing, if the Sponsor is not a member of MERS and the Mortgage is registered
          on the MERS® System, the Master Servicer, at its own expense and without any
          right of reimbursement, shall cause MERS to execute and deliver an assignment
          of
          the Mortgage in recordable form to transfer the Mortgage from MERS to the
          Sponsor and shall cause such Mortgage to be removed from registration on
          the
          MERS® System in accordance with MERS' rules and regulations.

        

        
          	 	
                  Section
                    2.03.

                	
                  Representations,
                    Warranties and Covenants of the Master Servicer and the
                    Depositor.

                

        

        

        (a) The
          Master Servicer hereby represents and warrants to and covenants with the
          Depositor and the Trustee for the benefit of Certificateholders
          that:

        

        (i) The
          Master Servicer is, and throughout the term hereof shall remain, a corporation
          duly organized, validly existing and in good standing under the laws of
          the
          state of its incorporation (except as otherwise permitted pursuant to Section
          6.02), the Master Servicer is, and shall remain, in compliance with the
          laws of
          each state in which any Mortgaged Property is located to the extent necessary
          to
          perform its obligations under this Agreement, and the Master Servicer is,
          and
          shall remain, approved to sell mortgage loans to and service mortgage loans
          for
          Fannie Mae and Freddie Mac;

        

        (ii) The
          execution and delivery of this Agreement by the Master Servicer, and the
          performance and compliance with the terms of this Agreement by the Master
          Servicer, will not violate the Master Servicer's articles of incorporation
          or
          bylaws or constitute a default (or an event which, with notice or lapse
          of time,
          or both, would constitute a default) under, or result in the breach of,
          any
          material agreement or other instrument to which it is a party or which
          is
          applicable to it or any of its assets;

        

        
          
            
            

          

          
            68

            
              

            

          

          
            
            

          

        

        (iii) The
          Master Servicer has the full power and authority to enter into and consummate
          all transactions contemplated by this Agreement, has duly authorized the
          execution, delivery and performance of this Agreement, and has duly executed
          and
          delivered this Agreement;

        

        (iv) This
          Agreement, assuming due authorization, execution and delivery by the Depositor
          and the Trustee, constitutes a valid, legal and binding obligation of the
          Master
          Servicer, enforceable against the Master Servicer in accordance with the
          terms
          hereof, subject to (A) applicable bankruptcy, insolvency, reorganization,
          moratorium and other laws affecting the enforcement of creditors' rights
          generally, and (B) general principles of equity, regardless of whether
          such
          enforcement is considered in a proceeding in equity or at law;

        

        (v) The
          Master Servicer is not in violation of, and its execution and delivery
          of this
          Agreement and its performance and compliance with the terms of this Agreement
          will not constitute a violation of, any law, any order or decree of any
          court or
          arbiter, or any order, regulation or demand of any federal, state or local
          governmental or regulatory authority, which violation is likely to affect
          materially and adversely either the ability of the Master Servicer to perform
          its obligations under this Agreement or the financial condition of the
          Master
          Servicer;

        

        (vi) No
          litigation is pending (other than litigation with respect to which pleadings
          or
          documents have been filed with a court, but not served on the Master Servicer)
          or, to the best of the Master Servicer's knowledge, threatened against
          the
          Master Servicer which would prohibit its entering into this Agreement or
          performing its obligations under this Agreement or is likely to affect
          materially and adversely either the ability of the Master Servicer to perform
          its obligations under this Agreement or the financial condition of the
          Master
          Servicer;

        

        (vii) The
          Master Servicer will comply in all material respects in the performance
          of this
          Agreement with all reasonable rules and requirements of each insurer under
          each
          Insurance Policy;

        

        (viii) The
          execution of this Agreement and the performance of the Master Servicer's
          obligations hereunder do not require any license, consent or approval of
          any
          state or federal court, agency, regulatory authority or other governmental
          body
          having jurisdiction over the Master Servicer, other than such as have been
          obtained;

        

        (ix) No
          information, certificate of an officer, statement furnished in writing
          or report
          delivered to the Depositor, any affiliate of the Depositor or the Trustee
          by the
          Master Servicer in its capacity as Master Servicer, and not in its capacity
          as a
          Sponsor hereunder, will, to the knowledge of the Master Servicer, contain
          any
          untrue statement of a material fact;

        

        
          
            
            

          

          
            69

            
              

            

          

          
            
            

          

        

        (x) The
          Master Servicer will not waive any Prepayment Charge unless it is waived
          in
          accordance with the standard set forth in Section 3.01; and

        

        (xi) The
          Master Servicer is a member of MERS in good standing, and will comply in
          all
          material respects with the rules and procedures of MERS in connection with
          the
          servicing of the Mortgage Loans that are registered with MERS.

        

        It
          is
          understood and agreed that the representations, warranties and covenants
          set
          forth in this Section 2.03(a) shall survive the execution and delivery
          of this
          Agreement, and shall inure to the benefit of the Depositor, the Trustee
          and the
          Certificateholders. Upon discovery by the Depositor, the Trustee or the
          Master
          Servicer of a breach of any of the foregoing representations, warranties
          and
          covenants that materially and adversely affects the interests of the Depositor
          or the Trustee, the party discovering such breach shall give prompt written
          notice to the other parties. Notwithstanding the foregoing, within 90 days
          of
          the earlier of discovery by the Master Servicer or receipt of notice by
          the
          Master Servicer of the breach of the covenant of the Master Servicer set
          forth
          in Section 2.03(x) above which materially and adversely affects the interests
          of
          the Holders of the Class P Certificates in any Prepayment Charge, the Master
          Servicer shall remedy such breach as follows: the Master Servicer shall
          pay the
          amount of such waived Prepayment Charge, for the benefit of the Holders
          of the
          Class P Certificates, by depositing such amount into the Custodial Account
          (net
          of any amount actually collected by the Master Servicer in respect of such
          Prepayment Charge and remitted by the Master Servicer, for the benefit
          of the
          Holders of the Class P Certificates, in respect of such Prepayment Charge,
          into
          the Custodial Account). The foregoing shall not, however, limit any remedies
          available to the Certificateholders, the Depositor or the Trustee on behalf
          of
          the Certificateholders, pursuant to the Mortgage Loan Purchase Agreement
          respecting a breach of any of the representations, warranties and covenants
          contained in the Mortgage Loan Purchase Agreement.

        

        (b) The
          Depositor hereby represents and warrants to the Master Servicer and the
          Trustee
          for the benefit of Certificateholders that as of the Closing Date, the
          representations and warranties of the Sponsor with respect to the Mortgage
          Loans
          and the remedies therefor that are contained in the Mortgage Loan Purchase
          Agreement are as set forth in Exhibit I hereto.

        

        It
          is
          understood and agreed that the representations and warranties set forth
          in this
          Section 2.03(b) shall survive delivery of the respective Mortgage Files
          to the
          Trustee.

        

        Upon
          discovery by either the Depositor, the Master Servicer or the Trustee of
          a
          breach of any representation or warranty set forth in this Section 2.03
          which
          materially and adversely affects the interests of the Certificateholders
          in any
          Mortgage Loan, the party discovering such breach shall give prompt written
          notice to the other parties.

        

        
          	 	
                  Section
                    2.04.

                	
                  Representations
                    and Warranties of the Sponsor.

                

        

        

        
          
            
            

          

          
            70

            
              

            

          

          
            
            

          

        

        The
          Depositor hereby assigns to the Trustee for the benefit of Certificateholders
          all of its rights (but none of its obligations) in, to and under the Mortgage
          Loan Purchase Agreement. Insofar as the Mortgage Loan Purchase Agreement
          relates
          to such representations and warranties and any remedies provided thereunder
          for
          any breach of such representations and warranties, such right, title and
          interest may be enforced by the Trustee on behalf of the Certificateholders.
          Upon the discovery by the Depositor, the Master Servicer or the Trustee
          of a
          breach of any of the representations and warranties made in the Mortgage
          Loan
          Purchase Agreement in respect of any Mortgage Loan which materially and
          adversely affects the interests of the Certificateholders in such Mortgage
          Loan,
          the party discovering such breach shall give prompt written notice to the
          other
          parties. The Trustee shall promptly notify the Sponsor of such breach and
          request that the Sponsor shall, within 90 days from the date that the Sponsor
          was notified or otherwise obtained knowledge of such breach, either (i)
          cure
          such breach in all material respects or (ii) purchase such Mortgage Loan
          from
          the Trust Fund at the Purchase Price and in the manner set forth in Section
          2.02; provided that if such breach would cause the Mortgage Loan to be
          other
          than a “qualified mortgage” as defined in Section 860G(a)(3) of the Code, any
          such cure or repurchase must occur within 90 days from the date such breach
          was
          discovered. However, in the case of a breach under the Mortgage Loan Purchase
          Agreement, subject to the approval of the Depositor the Sponsor shall have
          the
          option to substitute a Qualified Substitute Mortgage Loan or Loans for
          such
          Mortgage Loan if such substitution occurs within two years following the
          Closing
          Date, except that if the breach would cause the Mortgage Loan to be other
          than a
“qualified mortgage” as defined in Section 860G(a)(3) of the Code, any such
          substitution must occur within 90 days from the date the breach was discovered
          if such 90 day period expires before two years following the Closing Date.
          In
          the event that the Sponsor elects to substitute a Qualified Substitute
          Mortgage
          Loan or Loans for a Deleted Mortgage Loan pursuant to this Section 2.04,
          the
          Trustee shall enforce the obligation of the Sponsor under the Mortgage
          Loan
          Purchase Agreement to deliver to the Trustee and the Master Servicer, as
          appropriate, with respect to such Qualified Substitute Mortgage Loan or
          Loans,
          the original Mortgage Note, the Mortgage, an Assignment of the Mortgage
          in
          recordable form, and such other documents and agreements as are required
          by
          Section 2.01, with the Mortgage Note endorsed as required by Section 2.01.
          No
          substitution will be made in any calendar month after the Determination
          Date for
          such month. Monthly Payments due with respect to Qualified Substitute Mortgage
          Loans in the month of substitution, to the extent received by the Master
          Servicer or any Sub-Servicer, shall not be part of the Trust Fund and will
          be
          retained by the Master Servicer and remitted by the Master Servicer to
          the
          Sponsor on the next succeeding Distribution Date. For the month of substitution,
          distributions to Certificateholders will include the Monthly Payment due
          on a
          Deleted Mortgage Loan for such month and thereafter the Sponsor shall be
          entitled to retain all amounts received in respect of such Deleted Mortgage
          Loan. The Depositor shall amend or cause to be amended the Mortgage Loan
          Schedule for the benefit of the Certificateholders to reflect the removal
          of
          such Deleted Mortgage Loan and the substitution of the Qualified Substitute
          Mortgage Loan or Loans and the Depositor shall deliver the amended Mortgage
          Loan
          Schedule to the Trustee. Upon such substitution, the Qualified Substitute
          Mortgage Loan or Loans shall be subject to the terms of this Agreement
          in all
          respects, the Sponsor shall be deemed to have made the representations
          and
          warranties with respect to the Qualified Substitute Mortgage Loan contained
          in
          the Mortgage Loan Purchase Agreement as of the date of substitution, and
          the
          Depositor shall be deemed to have made with respect to any Qualified Substitute
          Mortgage Loan or Loans, as of the date of substitution, the non-statistical
          representations and warranties set forth in Exhibit I hereof.

        

        
          
            
            

          

          
            71

            
              

            

          

          
            
            

          

        

        In
          connection with the substitution of one or more Qualified Substitute Mortgage
          Loans for one or more Deleted Mortgage Loans, the Master Servicer will
          determine
          the amount (the “Substitution Adjustment”), if any, by which the aggregate
          principal balance of all such Qualified Substitute Mortgage Loans as of
          the date
          of substitution is less than the aggregate Stated Principal Balance of
          all such
          Deleted Mortgage Loans (in each case after application of the principal
          portion
          of the Monthly Payments due in the month of substitution that are to be
          distributed to Certificateholders in the month of substitution). The Trustee
          shall enforce the obligation of the Sponsor under the Mortgage Loan Purchase
          Agreement to provide the Master Servicer on the day of substitution for
          immediate deposit into the Custodial Account the amount of such shortfall,
          without any reimbursement therefor. In accordance with the Mortgage Loan
          Purchase Agreement, the Sponsor shall give notice in writing to the Trustee
          of
          such event, which notice shall be accompanied by an Officers’ Certificate as to
          the calculation of such shortfall and by an Opinion of Counsel to the effect
          that such substitution will not cause (a) any federal tax to be imposed
          on REMIC
          1, REMIC 2 or REMIC 3, including without limitation, any federal tax imposed
          on
“prohibited transactions” under Section 860F(a)(1) of the Code or on
“contributions after the startup date” under Section 860G(d)(1) of the Code or
          (b) any of REMIC 1, REMIC 2 or REMIC 3 to fail to qualify as a REMIC at
          any time
          that any Certificate is outstanding. The costs of any substitution as described
          above, including any related assignments, opinions or other documentation
          in
          connection therewith shall be borne by the Sponsor.

        

        Except
          as
          expressly set forth herein none of the Trustee or the Master Servicer is
          under
          any obligation to discover any breach of the above-mentioned representations
          and
          warranties. It is understood and agreed that the obligation of the Sponsor
          to
          cure such breach, purchase or to substitute for such Mortgage Loan as to
          which
          such a breach has occurred and is continuing shall constitute the sole
          remedy
          respecting such breach available to Certificateholders or the Trustee on
          behalf
          of Certificateholders.

        

        
          	 	
                  Section
                    2.05.

                	
                  Issuance
                    of Certificates; Conveyance of REMIC Regular Interests and Acceptance
                    of
                    REMIC 2 and REMIC 3 by the Trustee.

                

        

        

        (a) The
          Trustee acknowledges the assignment to it of the Mortgage Loans and the
          delivery
          to it of the Mortgage Files, subject to the provisions of Sections 2.01
          and
          2.02, together with the assignment to it of all other assets included in
          the
          Trust Fund, receipt of which is hereby acknowledged. Concurrently with
          such
          assignment and delivery and in exchange therefor, the Trustee, pursuant
          to the
          written request of the Depositor executed by an officer of the Depositor,
          has
          executed, authenticated and delivered to or upon the order of the Depositor,
          the
          Certificates in authorized denominations. The interests evidenced by the
          Certificates, constitute the entire beneficial ownership interest in the
          Trust
          Fund.

        

        
          
            
            

          

          
            72

            
              

            

          

          
            
            

          

        

        (b) The
          Depositor, concurrently with the execution and delivery hereof, does hereby
          transfer, assign, set over and otherwise convey in trust to the Trustee
          without
          recourse all the right, title and interest of the Depositor in and to the
          REMIC
          1 Regular Interests for the benefit of the holders of the REMIC 2 Regular
          Interests and Holders of the Class R Certificates (in respect of the Class
          R-2
          Interest). The Trustee acknowledges receipt of the REMIC 1 Regular Interests
          (which are uncertificated) and declares that it holds and will hold the
          same in
          trust for the exclusive use and benefit of the holders of the REMIC 2 Regular
          Interests and Holders of the Class R Certificates (in respect of the Class
          R-2
          Interest). The interests evidenced by the Class R-2 Interest, together
          with the
          REMIC 2 Regular Interests, constitute the entire beneficial ownership interest
          in REMIC 2.

        

        (c) The
          Depositor, concurrently with the execution and delivery hereof, does hereby
          transfer, assign, set over and otherwise convey in trust to the Trustee
          without
          recourse all the right, title and interest of the Depositor in and to the
          REMIC
          2 Regular Interests for the benefit of the holders of the REMIC 3 Regular
          Interests and Holders of the Class R Certificates (in respect of the Class
          R-3
          Interest). The Trustee acknowledges receipt of the REMIC 2 Regular Interests
          (which are uncertificated) and declares that it holds and will hold the
          same in
          trust for the exclusive use and benefit of the holders of the REMIC 3 Regular
          Interests and Holders of the Class R Certificates (in respect of the Class
          R-3
          Interest). The interests evidenced by the Class R-3 Interest, together
          with the
          REMIC 3 Regular Interests, constitute the entire beneficial ownership interest
          in REMIC 3.

        

        (d) In
          exchange for the REMIC 2 Regular Interests and, concurrently with the assignment
          to the Trustee thereof, pursuant to the written request of the Depositor
          executed by an officer of the Depositor, the Trustee has executed, authenticated
          and delivered to or upon the order of the Depositor, the Regular Certificates
          in
          authorized denominations evidencing (together with the Class R-3 Interest
          and
          the Class IO Interest) the entire beneficial ownership interest in REMIC
          3.

        

        (e) Concurrently
          with (i) the assignment and delivery to the Trustee of REMIC 1 (including
          the
          Residual Interest therein represented by the Class R-1 Interest) and the
          acceptance by the Trustee thereof, (ii) the assignment and delivery to
          the
          Trustee of REMIC 2 (including the Residual Interest therein represented
          by the
          Class R-2 Interest), and (iii) the assignment and delivery to the Trustee
          of
          REMIC 3 (including the Residual Interest therein represented by the Class
          R-3
          Interest), and the acceptance by the Trustee thereof, the Trustee, from
          and
          pursuant to the written request of the Depositor executed by an officer
          of the
          Depositor, has executed, authenticated and delivered to or upon the order
          of the
          Depositor, the Class R Certificates in authorized denominations evidencing
          the
          Class R-1 Interest, Class R-2 Interest and Class R-3 Interest.

        

        
          
            
            

          

          
            73

            
              

            

          

          
            
            

          

        

        
          	 	
                  Section
                    2.06.

                	
                  Purposes
                    and Powers of the Trust.

                

        

        

        The
          purpose of the common law trust, as created hereunder, is to engage in
          the
          following activities:

        

        (a) acquire
          and hold the Mortgage Loans and the other assets of the Trust Fund and
          the
          proceeds therefrom;

        

        (b) to
          issue
          the Certificates sold to the Depositor in exchange for the Mortgage
          Loans;

        

        (c) to
          make
          payments on the Certificates;

        

        (d) to
          engage
          in those activities that are necessary, suitable or convenient to accomplish
          the
          foregoing or are incidental thereto or connected therewith; and

        

        (e) subject
          to compliance with this Agreement, to engage in such other activities as
          may be
          required in connection with conservation of the Trust Fund and the making
          of
          distributions to the Certificateholders.

        

        The
          trust
          is hereby authorized to engage in the foregoing activities. The Trustee
          shall
          not knowingly and explicitly cause the trust to engage in any activity
          other
          than in connection with the foregoing or other than as required or authorized
          by
          the terms of this Agreement while any Certificate is outstanding, and this
          Section 2.06 may not be amended, without the consent of the Certificateholders
          evidencing 51% or more of the aggregate voting rights of the
          Certificates.

        

        
          
            
            

          

          
            74

            
              

            

          

          
            
            

          

        

        

        

        ARTICLE
          III

        ADMINISTRATION
          AND SERVICING

        OF
          THE
          TRUST FUND

        

        
          	 	
                  Section
                    3.01.

                	
                  Master
                    Servicer to Act as Master Servicer.

                

        

        

        The
          Master Servicer shall supervise, or take such actions as are necessary
          to
          ensure, the servicing and administration of the Mortgage Loans and any
          REO
          Property in accordance with this Agreement and its normal servicing practices,
          which generally shall conform to the standards (i) of the Servicing Guide,
          if
          Impac Funding Corporation is Master Servicer, or (ii) if Impac Funding
          Corporation is not the Master Servicer, of an institution prudently servicing
          mortgage loans for its own account and shall have full authority to do
          anything
          it reasonably deems appropriate or desirable in connection with such servicing
          and administration. To the extent consistent with the foregoing, the Master
          Servicer shall waive (or permit a Sub-Servicer to waive) a Prepayment Charge
          only if such waiver would maximize recovery of total proceeds taking into
          account the value of such Prepayment Charge and related Mortgage Loan and
          doing
          so is standard and customary in servicing mortgage loans similar to the
          Mortgage
          Loans (including any waiver of a Prepayment Charge in connection with a
          refinancing of a Mortgage Loan that is related to a default or a reasonably
          foreseeable default), and in no event will it waive a Prepayment Charge
          in
          connection with a refinancing of a Mortgage Loan that is not related to
          a
          default or a reasonably foreseeable default.

        

        The
          Master Servicer may perform its responsibilities relating to servicing
          through
          other agents or independent contractors, but shall not thereby be released
          from
          any of its responsibilities as hereinafter set forth. The authority of
          the
          Master Servicer, in its capacity as master servicer, and any Sub-Servicer
          acting
          on its behalf, shall include, without limitation, the power to (i) consult
          with
          and advise any Sub-Servicer regarding administration of a related Mortgage
          Loan,
          (ii) approve any recommendation by a Sub-Servicer to foreclose on a related
          Mortgage Loan, (iii) supervise the filing and collection of insurance claims
          and
          take or cause to be taken such actions on behalf of the insured Person
          thereunder as shall be reasonably necessary to prevent the denial of coverage
          thereunder, and (iv) effectuate foreclosure or other conversion of the
          ownership
          of the Mortgaged Property securing a related Mortgage Loan, including the
          employment of attorneys, the institution of legal proceedings, the collection
          of
          deficiency judgments, the acceptance of compromise proposals, the filing
          of
          claims under any Insurance Policy and any other matter pertaining to a
          delinquent Mortgage Loan. The authority of the Master Servicer shall include,
          in
          addition, the power on behalf of the Certificateholders, the Trustee or
          any of
          them to (i) execute and deliver customary consents or waivers and other
          instruments and documents, (ii) consent to transfer of any related Mortgaged
          Property and assumptions of the related Mortgage Notes and Security Instruments
          (in the manner provided in this Agreement) and (iii) collect any Insurance
          Proceeds and Liquidation Proceeds. If permitted under applicable law without
          prejudicing any rights of the Trust Fund with respect to any Mortgage Loan,
          the
          Master Servicer, with such documentation as local law requires, acting
          in its
          own name, may pursue claims on behalf of the Trust Fund. Without limiting
          the
          generality of the foregoing, the Master Servicer and any Sub-Servicer acting
          on
          its behalf may, and is hereby authorized, and empowered by the Trustee
          to,
          execute and deliver, on behalf of itself, the Certificateholders or the
          Trustee
          or any of them, any instruments of satisfaction, cancellation, partial
          or full
          release, discharge and all other comparable instruments, with respect to
          the
          Mortgage Loans, the Insurance Policies and the accounts related thereto,
          and the
          Mortgaged Properties. The Master Servicer may exercise this power in its
          own
          name or in the name of a Sub-Servicer.

        

        
          
            
            

          

          
            75

            
              

            

          

          
            
            

          

        

        Subject
          to Section 3.16, the Trustee shall execute, at the written request of the
          Master
          Servicer, and furnish to the Master Servicer and any Sub-Servicer such
          documents
          as are necessary or appropriate to enable the Master Servicer or any
          Sub-Servicer to carry out their servicing and administrative duties hereunder,
          and the Trustee hereby grants to the Master Servicer a power of attorney
          to
          carry out such duties. The Trustee shall not be liable for the actions
          of the
          Master Servicer or any Sub-Servicers under such powers of attorney.

        

        In
          accordance with the standards of the preceding paragraph, the Master Servicer
          shall advance or cause to be advanced funds as necessary for the purpose
          of
          effecting the payment of taxes and assessments on the Mortgaged Properties,
          which advances shall be reimbursable in the first instance from related
          collections from the Mortgagors pursuant to Section 3.09, and further as
          provided in Section 3.11; provided that the Master Servicer shall not be
          obligated to make such advance if, in its reasonable good faith judgment,
          the
          Master Servicer determines that such advance to be a Nonrecoverable
          Advance.

        

        The
          Master Servicer is authorized and empowered by the Trustee, on behalf of
          the
          Certificateholders and the Trustee, in its own name or in the name of any
          Sub-Servicer, when the Master Servicer or such Sub-Servicer, as the case
          may be,
          believes it is appropriate in its best judgment to register any Mortgage
          Loan on
          the MERS® System, or cause the removal from the registration of any Mortgage
          Loan on the MERS® System, to execute and deliver, on behalf of the Trustee and
          the Certificateholders or any of them, any and all instruments of assignment
          and
          other comparable instruments with respect to such assignment or re-recording
          of
          a Mortgage in the name of MERS, solely as nominee for the Trustee and its
          successors and assigns. Any expenses incurred in connection with the actions
          described in the preceding sentence shall be borne by the Master Servicer
          in
          accordance with Section 3.17, with no right of reimbursement; provided,
          that if,
          as a result of MERS discontinuing or becoming unable to continue operations
          in
          connection with the MERS System, it becomes necessary to remove any Mortgage
          Loan from registration on the MERS System and to arrange for the assignment
          of
          the related Mortgages to the Trustee, then any related expenses shall be
          reimbursable to the Master Servicer from the Trust Fund.

        

        Notwithstanding
          anything in this Agreement to the contrary, the Master Servicer shall not
          (unless the Mortgagor is in default with respect to the Mortgage Loan or
          such
          default is, in the judgment of the Master Servicer, reasonably foreseeable)
          make
          or permit any modification, waiver or amendment of any term of any Mortgage
          Loan
          that would both (i) effect an exchange or reissuance of such Mortgage Loan
          under
          Section 1001 of the Code (or Treasury regulations promulgated thereunder)
          and
          (ii) cause any of REMIC 1, REMIC 2 or REMIC 3 to fail to qualify as a REMIC
          under the Code or the imposition of any tax on “prohibited transactions” or
“contributions” after the startup date under the REMIC Provisions.

        

        
          
            
            

          

          
            76

            
              

            

          

          
            
            

          

        

        The
          relationship of the Master Servicer (and of any successor to the Master
          Servicer
          under this Agreement) to the Trustee under this Agreement is intended by
          the
          parties to be that of an independent contractor and not that of a joint
          venturer, partner or agent.

        

        
          	 	
                  Section
                    3.02.

                	
                  Sub-Servicing
                    Agreements Between Master Servicer and
                    Sub-Servicers.

                

        

        

        (a) The
          Master Servicer may enter into Sub-Servicing Agreements with Sub-Servicers
          for
          the servicing and administration of the Mortgage Loans and for the performance
          of any and all other activities of the Master Servicer hereunder; provided,
          however, that such agreements would not result in a withdrawal or a downgrading
          by Standard & Poor's of its rating on any Class of Certificates. Each
          Sub-Servicer shall be either (i) an institution the accounts of which are
          insured by the FDIC or (ii) another entity that engages in the business
          of
          originating or servicing mortgage loans comparable to the Mortgage Loans,
          and in
          either case shall be authorized to transact business in the state or states
          in
          which the related Mortgaged Properties it is to service are situated, if
          and to
          the extent required by applicable law to enable the Sub-Servicer to perform
          its
          obligations hereunder and under the Sub-Servicing Agreement, and in either
          case
          shall be a Freddie Mac or Fannie Mae approved mortgage servicer. Any
          Sub-Servicing Agreement entered into by the Master Servicer shall include
          the
          provision that such Agreement may be immediately terminated (x) with cause
          and
          without any termination fee by any Master Servicer hereunder or (y) without
          cause in which case the Master Servicer shall be responsible for any termination
          fee or penalty resulting therefrom. In addition, each Sub-Servicing Agreement
          shall provide for servicing of the Mortgage Loans consistent with the terms
          of
          this Agreement. The Master Servicer and the Sub-Servicers may enter into
          Sub-Servicing Agreements and make amendments to the Sub-Servicing Agreements
          or
          enter into different forms of Sub-Servicing Agreements providing for, among
          other things, the delegation by the Master Servicer to a Sub-Servicer of
          additional duties regarding the administration of the Mortgage Loans; provided,
          however, that any such amendments or different forms shall be consistent
          with
          and not violate the provisions of this Agreement, and that no such amendment
          or
          different form shall be made or entered into which could be reasonably
          expected
          to be materially adverse to the interests of the Certificateholders, without
          the
          consent of the Holders of Certificates entitled to at least 51% of the
          Voting
          Rights. The parties hereto acknowledge that the initial Sub-Servicer shall
          be
          Countrywide. 

        

        The
          Master Servicer has entered into a separate Sub-Servicing Agreement with
          Countrywide for the servicing and administration of certain of the Mortgage
          Loans and may enter into additional Sub-Servicing Agreements with other
          Sub-Servicers for the servicing and administration of certain of the Mortgage
          Loans.

        

        
          
            
            

          

          
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        (b) As
          part
          of its servicing activities hereunder, the Master Servicer, for the benefit
          of
          the Trustee and the Certificateholders, shall enforce the obligations of
          each
          Sub-Servicer under the related Sub-Servicing Agreement. Such enforcement,
          including, without limitation, the legal prosecution of claims, termination
          of
          Sub-Servicing Agreements and the pursuit of other appropriate remedies,
          shall be
          in such form and carried out to such an extent and at such time as the
          Master
          Servicer, in its good faith business judgment, would require were it the
          owner
          of the Mortgage Loans. The Master Servicer shall pay the costs of such
          enforcement at its own expense, but shall be reimbursed therefor only (i)
          from a
          general recovery resulting from such enforcement only to the extent, if
          any,
          that such recovery exceeds all amounts due in respect of the Mortgage Loan
          or
          (ii) from a specific recovery of costs, expenses or attorneys' fees against
          the
          party against whom such enforcement is directed.

        

        (c) [Reserved].

        

        (d) The
          Master Servicer represents that it will cause any Sub-Servicer to accurately
          and
          fully report its borrower credit files to all three credit repositories
          in a
          timely manner.

        

        Section
          3.03. Successor
          Sub-Servicers.

        

        The
          Master Servicer shall be entitled to terminate any Sub-Servicing Agreement
          and
          the rights and obligations of any Sub-Servicer pursuant to any Sub-Servicing
          Agreement in accordance with the terms and conditions of such Sub-Servicing
          Agreement. In the event of termination of any Sub-Servicer, all servicing
          obligations of such Sub-Servicer shall be assumed simultaneously by the
          Master
          Servicer without any act or deed on the part of such Sub-Servicer or the
          Master
          Servicer, and the Master Servicer either shall service directly the Mortgage
          Loans or shall enter into a Sub-Servicing Agreement with a successor
          Sub-Servicer which qualifies under Section 3.02.

        

        Section
          3.04. Liability
          of the Master Servicer.

        

        Notwithstanding
          any Sub-Servicing Agreement, any of the provisions of this Agreement relating
          to
          agreements or arrangements between the Master Servicer and a Sub-Servicer
          or
          reference to actions taken through a Sub-Servicer or otherwise, the Master
          Servicer shall under all circumstances remain obligated and primarily liable
          to
          the Trustee and Certificateholders for the servicing and administering
          of the
          Mortgage Loans and any REO Property in accordance with the provisions of
          Article
          III without diminution of such obligation or liability by virtue of such
          Sub-Servicing Agreements or arrangements or by virtue of indemnification
          from
          the Sub-Servicer and to the same extent and under the same terms and conditions
          as if the Master Servicer alone were servicing and administering the Mortgage
          Loans. For purposes of this Agreement, the Master Servicer shall be deemed
          to
          have received payments on Mortgage Loans when the Sub-Servicer has received
          such
          payments. The Master Servicer shall be entitled to enter into any agreement
          with
          a Sub-Servicer for indemnification of the Master Servicer by such Sub-Servicer
          and nothing contained in this Agreement shall be deemed to limit or modify
          such
          indemnification.

        

        
          
            
            

          

          
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        Section
          3.05. No
          Contractual Relationship Between Sub-Servicers and Trustee or
          Certificateholders.

        

        Any
          Sub-Servicing Agreement that may be entered into and any transactions or
          services relating to the Mortgage Loans involving a Sub-Servicer in its
          capacity
          as such and not as an originator shall be deemed to be between the Sub-Servicer
          and the Master Servicer alone, and the Trustee and Certificateholders shall
          not
          be deemed parties thereto and shall have no claims, rights, obligations,
          duties
          or liabilities with respect to the Sub-Servicer except as set forth in
          Section
          3.06, 3.17 and 4.03. The Master Servicer (or Sub-Servicers) shall be liable
          for
          the payment of any franchise taxes which may be assessed by the California
          Franchise Tax Board in connection with the activities of the Trust under
          this
          Agreement.

        

        Section
          3.06. Assumption
          or Termination of Sub-Servicing Agreements by Trustee.

        

        (a) If
          the
          Trustee or its designee shall assume the master servicing obligations of
          the
          Master Servicer in accordance with Section 7.02 below, the Trustee, to
          the
          extent necessary to permit the Trustee to carry out the provisions of Section
          7.02 with respect to the Mortgage Loans, shall succeed to all of the rights
          and
          obligations of the Master Servicer under each of the Sub-Servicing Agreements.
          In such event, the Trustee or its designee as the successor master servicer
          shall be deemed to have assumed all of the Master Servicer's rights and
          obligations therein and to have replaced the Master Servicer as a party
          to such
          Sub-Servicing Agreements to the same extent as if such Sub-Servicing Agreements
          had been assigned to the Trustee or its designee as a successor master
          servicer,
          except that the Trustee or its designee as a successor master servicer
          shall not
          be deemed to have assumed any obligations or liabilities of the Master
          Servicer
          arising prior to such assumption (other than the obligation to make any
          Advances
          hereunder) and the Master Servicer shall not thereby be relieved of any
          liability or obligations under such Sub-Servicing Agreements arising prior
          to
          such assumption. Nothing in the foregoing shall be deemed to entitle the
          Trustee
          or its designee as a successor master servicer at any time to receive any
          portion of the servicing compensation provided under Section 3.17 except
          for
          such portion as the Master Servicer would be entitled to receive.

        

        (b) In
          the
          event that the Trustee or its designee as successor master servicer for
          the
          Trustee assumes the servicing obligations of the Master Servicer under
          Section
          7.02, upon the reasonable request of the Trustee or such designee as successor
          master servicer the Master Servicer shall at its own expense deliver to
          the
          Trustee, or at its written request to such designee, photocopies of all
          documents, files and records, electronic or otherwise, relating to the
          Sub-Servicing Agreements and the related Mortgage Loans or REO Property
          then
          being serviced and an accounting of amounts collected and held by it, if
          any,
          and will otherwise cooperate and use its reasonable efforts to effect the
          orderly and efficient transfer of the Sub-Servicing Agreements, or
          responsibilities hereunder to the Trustee, or at its written request to
          such
          designee as successor master servicer.

        

        
          
            
            

          

          
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        Section
          3.07. Collection
          of Certain Mortgage Loan Payments.

        

        (a) The
          Master Servicer will coordinate and monitor remittances by Sub-Servicers
          to the
          Master Servicer with respect to the Mortgage Loans in accordance with this
          Agreement.

        

        (b) The
          Master Servicer shall make its reasonable efforts to collect or cause to
          be
          collected all payments required under the terms and provisions of the Mortgage
          Loans and shall follow, and use its reasonable efforts to cause Sub-Servicers
          to
          follow, collection procedures comparable to the collection procedures of
          prudent
          mortgage lenders servicing mortgage loans for their own account to the
          extent
          such procedures shall be consistent with this Agreement. Consistent with
          the
          foregoing, the Master Servicer may in its discretion (i) waive or permit
          to be
          waived any late payment charge, assumption fee, or any penalty interest
          in
          connection with the prepayment of a Mortgage Loan and (ii) suspend or reduce
          or
          permit to be suspended or reduced regular monthly payments for a period
          of up to
          six months, or arrange or permit an arrangement with a Mortgagor for a
          scheduled
          liquidation of delinquencies. In the event the Master Servicer shall consent
          to
          the deferment of the due dates for payments due on a Mortgage Note, the
          Master
          Servicer shall nonetheless make an Advance or shall cause the related
          Sub-Servicer to make an Advance to the same extent as if such installment
          were
          due, owing and delinquent and had not been deferred through liquidation
          of the
          Mortgaged Property; provided,
          however,
          that
          the obligation of the Master Servicer or related Sub-Servicer to make an
          Advance
          shall apply only to the extent that such Advances are not Nonrecoverable
          Advances.

        

        (c) On
          each
          Determination Date, with respect to each Mortgage Loan for which during
          the
          related Prepayment Period the Master Servicer has determined that all amounts
          which it expects to recover from or on account of each such Mortgage Loan
          have
          been recovered and that no further Liquidation Proceeds will be received
          in
          connection therewith, the Master Servicer shall provide to the Trustee
          a
          certificate of a Servicing Officer that such Mortgage Loan became a Liquidated
          Mortgage Loan in a Cash Liquidation or REO Disposition.

        

        The
          Master Servicer shall make reasonable efforts to collect all payments called
          for
          under the terms and provisions of the Mortgage Loans, and shall, to the
          extent
          such procedures shall be consistent with this Agreement and the terms and
          provisions of any related Insurance Policy, follow such collection procedures
          as
          it would follow with respect to mortgage loans comparable to the Mortgage
          Loans
          and held for its own account. The Master Servicer shall not be required
          to
          institute or join in litigation with respect to collection of any payment
          (whether under a Mortgage, Mortgage Note, Primary Hazard Insurance Policy
          or
          otherwise or against any public or governmental authority with respect
          to a
          taking or condemnation) if it reasonably believes that it is prohibited
          by
          applicable law from enforcing the provision of the Mortgage or other instrument
          pursuant to which such payment is required. The Master Servicer shall be
          responsible for preparing and distributing all information statements relating
          to payments on the Mortgage Loans, in accordance with all applicable federal
          and
          state tax laws and regulations.

        

        
          
            
            

          

          
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        Section
          3.08. Sub-Servicing
          Accounts.

        

        In
          those
          cases where a Sub-Servicer is servicing a Mortgage Loan pursuant to a
          Sub-Servicing Agreement, the Sub-Servicer will be required to establish
          and
          maintain one or more accounts (collectively, the “Sub-Servicing Account”). The
          Sub-Servicing Account shall be an Eligible Account and shall otherwise
          be
          acceptable to the Master Servicer. All amounts held in a Sub-Servicing
          Account
          shall be held in trust for the Trustee for the benefit of the
          Certificateholders. Any investment of funds held in such an account shall
          be in
          Permitted Investments maturing not later than the Business Day immediately
          preceding the next Sub-Servicer Remittance Date. The Sub-Servicer will
          be
          required to deposit into the Sub-Servicing Account no later than two Business
          Days after receipt all proceeds of Mortgage Loans received by the Sub-Servicer,
          less its servicing compensation and any unreimbursed expenses and advances,
          to
          the extent permitted by the Sub-Servicing Agreement. On each Sub-Servicer
          Remittance Date the Sub-Servicer will be required to remit to the Master
          Servicer for deposit in the Custodial Account all funds held in the
          Sub-Servicing Account with respect to any Mortgage Loan as of the Sub-Servicer
          Remittance Date, after deducting from such remittance an amount equal to
          the
          servicing compensation (including interest on Permitted Investments) and
          unreimbursed expenses and advances to which it is then entitled pursuant
          to the
          related Sub-Servicing Agreement, to the extent not previously paid to or
          retained by it. In addition, on each Sub-Servicer Remittance Date the
          Sub-Servicer will be required to remit to the Master Servicer any amounts
          required to be advanced pursuant to the related Sub-Servicing Agreement.
          The
          Sub-Servicer will also be required to remit to the Master Servicer, within
          five
          Business Days of receipt, the proceeds of any Principal Prepayment made
          by the
          Mortgagor, and, on each Sub-Servicer Remittance Date, the amount of any
          Insurance Proceeds or Liquidation Proceeds received during the related
          Prepayment Period.

        

        Section
          3.09. Collection
          of Taxes, Assessments and Similar Items; Servicing Accounts.

        

        The
          Master Servicer and the Sub-Servicers shall establish and maintain one
          or more
          accounts (the “Servicing Accounts”), and shall deposit and retain therein all
          collections from the Mortgagors (or related advances from Sub-Servicers)
          for the
          payment of taxes, assessments, Primary Hazard Insurance Policy premiums,
          and
          comparable items for the account of the Mortgagors, to the extent that
          the
          Master Servicer customarily escrows for such amounts. Withdrawals of amounts
          so
          collected from a Servicing Account may be made only to (i) effect payment
          of
          taxes, assessments, Primary Hazard Insurance Policy premiums and comparable
          items; (ii) reimburse the Master Servicer (or a Sub-Servicer to the extent
          provided in the related Sub-Servicing Agreement) out of related collections
          for
          any payments made pursuant to Sections 3.01 (with respect to taxes and
          assessments), and 3.13 (with respect to Primary Hazard Insurance Policies);
          (iii) refund to Mortgagors any sums as may be determined to be overages;
          (iv)
          payment of investment income to the extent provided in the mortgage loan
          documentation or (v) clear and terminate the Servicing Account at the
          termination of this Agreement pursuant to Section 9.01. As part of its
          servicing
          duties, the Master Servicer or Sub-Servicers shall, if and to the extent
          required by law, pay to the Mortgagors interest on funds in Servicing Accounts
          from its or their own funds, without any reimbursement therefor.

        

        
          
            
            

          

          
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        Section
          3.10. Custodial
          Account.

        

        (a) The
          Master Servicer shall establish and maintain one or more accounts (collectively,
          the “Custodial Account”) in which the Master Servicer shall deposit or cause to
          be deposited on a daily basis, or as and when received and identified from
          the
          Sub-Servicers, the following payments and collections received or made
          by or on
          behalf of it subsequent to the Cut-off Date with respect to the Mortgage
          Loans,
          or payments received by it prior to the Cut-off Date but allocable to a
          period
          subsequent thereto (other than in respect of principal and interest on
          the
          Mortgage Loans due on or before the Cut-off Date):

        

        (i) all
          payments (including advances by a Sub-Servicer) on account of principal,
          including Principal Prepayments, on the Mortgage Loans;

        

        (ii) all
          payments (including advances by a Sub-Servicer) on account of interest
          on the
          Mortgage Loans, net of any portion thereof retained by the Master Servicer
          or
          any Sub-Servicer as Servicing Fees;

        

        (iii) all
          Insurance Proceeds, other than proceeds that represent reimbursement of
          costs
          and expenses incurred by the Master Servicer or any Sub-Servicer in connection
          with presenting claims under the related Insurance Policies, Liquidation
          Proceeds and REO Proceeds;

        

        (iv) all
          proceeds of any Mortgage Loan or REO Property repurchased or purchased
          in
          accordance with Sections 2.02, 2.04, 3.14, 3.27 or 9.01; and all amounts
          required to be deposited in connection with the substitution of a Qualified
          Substitute Mortgage Loan pursuant to Section 2.04; and

        

        (v) any
          amounts required to be deposited pursuant to Section 3.12, 3.13, 3.15 or
          3.22.

        

        The
          foregoing requirements for deposit in the Custodial Account shall be exclusive.
          In the event the Master Servicer shall deposit in the Custodial Account
          any
          amount not required to be deposited therein, it may withdraw such amount
          from
          the Custodial Account, any provision herein to the contrary notwithstanding.
          The
          Custodial Account shall be maintained as a segregated account, separate
          and
          apart from trust funds created for mortgage pass-through certificates of
          other
          series, and the other accounts of the Master Servicer.

        

        (b) Funds
          in
          the Custodial Account may be invested in Permitted Investments in accordance
          with the provisions set forth in Section 3.12. The Master Servicer shall
          give
          notice to the Trustee and the Depositor of the location of the Custodial
          Account
          after any change thereof.

        

        
          
            
            

          

          
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        Section
          3.11. Permitted
          Withdrawals From the Custodial Account.

        

        The
          Master Servicer may, from time to time as provided herein, make withdrawals
          from
          the Custodial Account of amounts on deposit therein pursuant to Section
          3.10
          that are attributable to the Mortgage Loans for the following
          purposes:

        

        (i) to
          make
          deposits into the Certificate Account in the amounts and in the manner
          provided
          for in Section 4.01;

        

        (ii) to
          pay to
          itself, the Depositor, the Sponsor or any other appropriate person, as
          the case
          may be, with respect to each Mortgage Loan that has previously been purchased
          or
          repurchased pursuant to Sections 2.02, 2.04, 3.14, 3.27 or 9.01 all amounts
          received thereon and not yet distributed as of the date of purchase or
          repurchase;

        

        (iii) to
          reimburse itself or any Sub-Servicer for Advances not previously reimbursed,
          the
          Master Servicer's or any Sub-Servicer's right to reimbursement pursuant
          to this
          clause (iii) being limited to amounts received which represent Late Collections
          (net of the related Servicing Fees) of Monthly Payments on Mortgage Loans
          with
          respect to which such Advances were made and as further provided in Section
          3.15;

        

        (iv) to
          reimburse or pay itself, the Trustee or the Depositor for expenses incurred
          by
          or reimbursable to the Master Servicer, the Trustee or the Depositor pursuant
          to
          Sections 3.22, 6.03, 8.05 or 10.01(g), except as otherwise provided in
          such
          Sections hereof;

        

        (v) to
          reimburse itself or any Sub-Servicer for costs and expenses incurred by
          or
          reimbursable to it relating to the prosecution of any claims pursuant to
          Section
          3.13 that are in excess of the amounts so recovered;

        

        (vi) to
          reimburse itself or any Sub-Servicer for unpaid Master Servicing Fees,
          Sub-Servicing Fees and unreimbursed Servicing Advances, the Master Servicer's
          or
          any Sub-Servicer's right to reimbursement pursuant to this clause (vi)
          with
          respect to any Mortgage Loan being limited to late recoveries of the payments
          for which such advances were made pursuant to Section 3.01 or Section 3.09
          and
          any other related Late Collections and as further provided in Section
          3.15;

        

        
          
            
            

          

          
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        (vii) to
          pay
          itself as servicing compensation (in addition to the Master Servicing Fee
          and
          Sub-Servicing Fee), on or after each Distribution Date, any interest or
          investment income earned on funds deposited in the Custodial Account for
          the
          period ending on such Distribution Date;

        

        (viii) to
          reimburse itself or any Sub-Servicer for any Advance or Servicing Advance
          previously made, after a Realized Loss has been allocated with respect
          to the
          related Mortgage Loan if the Advance or Servicing Advance was not reimbursed
          pursuant to clauses (iii) and (vi);

        

        (ix) to
          pay
          PMI Insurer the premium under the PMI Insurer Policies;

        

        (x) to
          clear
          and terminate the Custodial Account at the termination of this Agreement
          pursuant to Section 9.01; and

        

        (xi) to
          reimburse itself or any Sub-Servicer from general collections for any Advance
          or
          Servicing Advance made that has been deemed by the Master Servicer to be
          a
          Nonrecoverable Advance.

        

        The
          Master Servicer shall keep and maintain separate accounting records on
          a
          Mortgage Loan by Mortgage Loan basis, for the purpose of justifying any
          withdrawal from the Custodial Account pursuant to such subclauses (ii)
          through
          (x). Reconciliations will be prepared for the Custodial Account within
          45
          Calendar days after the bank statement cut-off date. All items requiring
          reconciliation will be resolved within 90 calendar days of their original
          identification.

        

        Section
          3.12. Permitted
          Investments.

        

        Any
          institution maintaining the Custodial Account shall at the direction of
          the
          Master Servicer invest the funds in such account in Permitted Investments,
          each
          of which shall mature not later than (i) the Business Day immediately preceding
          the date on which such funds are required to be withdrawn from such account
          pursuant to this Agreement, if a Person other than the Trustee is the obligor
          thereon, and (ii) no later than the date on which such funds are required
          to be
          withdrawn from such account pursuant to this Agreement, if the Trustee
          is the
          obligor thereon and shall not be sold or disposed of prior to its maturity.
          All
          income and gain realized from any such investment as well as any interest
          earned
          on deposits in the Custodial Account shall be for the benefit of the Master
          Servicer. The Master Servicer shall deposit in the Custodial Account an
          amount
          equal to the amount of any loss incurred in respect of any such investment
          immediately upon realization of such loss without right of
          reimbursement.

        

        
          
            
            

          

          
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        The
          Trustee or its Affiliates are permitted to receive additional compensation
          that
          could be deemed to be in the Trustee’s economic self-interest for (i) serving as
          investment adviser, administrator, shareholder servicing agent, custodian
          or
          sub-custodian with respect to certain of the Permitted Investments, (ii)
          using
          Affiliates to effect transactions in certain Permitted Investments and
          (iii)
          effecting transactions in certain Permitted Investments.

        

        Funds
          on
          deposit in the Net WAC Shortfall Reserve Fund may be invested in Permitted
          Investments in accordance with this Section 3.12 subject to any limitations
          set
          forth in Section 4.08 (with respect to the Net WAC Shortfall Reserve Fund)
          and
          any investment earnings or interest paid shall accrue to the Trustee and
          the
          Trustee shall deposit in the related account from its own funds the amount
          of
          any loss incurred on Permitted Investments in such account.

        

        Section
          3.13. Maintenance
          of Primary Hazard Insurance. 

        

        The
          Master Servicer shall cause to be maintained for each Mortgage Loan primary
          hazard insurance by a Qualified Insurer or other insurer satisfactory to
          the
          Rating Agencies with extended coverage on the related Mortgaged Property
          in an
          amount equal to the lesser of (i) 100% of the replacement value of the
          improvements, as determined by the insurance company, on such Mortgaged
          Property
          or (ii) the unpaid principal balance of the Mortgage Loan. The Master Servicer
          shall also cause to be maintained on property acquired upon foreclosure,
          or deed
          in lieu of foreclosure, of any Mortgage Loan, fire insurance with extended
          coverage in an amount equal to the replacement value of the improvements
          thereon. Any costs incurred in maintaining any insurance described in this
          Section 3.13 (other than any deductible described in the last paragraph
          hereof)
          shall be recoverable as a Servicing Advance. The Master Servicer shall
          not be
          obligated to advance any amounts pursuant to this Section 3.13 if, in its
          good
          faith judgment, the Master Servicer determines that such advance would
          be a
          Nonrecoverable Advance. Pursuant to Section 3.10, any amounts collected
          by the
          Master Servicer under any such policies (other than amounts to be applied
          to the
          restoration or repair of the related Mortgaged Property or property thus
          acquired or amounts released to the Mortgagor in accordance with the Master
          Servicer’s normal servicing procedures) shall be deposited in the Custodial
          Account, subject to withdrawal pursuant to Section 3.11. Any cost incurred
          by
          the Master Servicer in maintaining any such insurance shall not, for the
          purpose
          of calculating monthly distributions to Certificateholders, be added to
          the
          amount owing under the Mortgage Loan, notwithstanding that the terms of
          the
          Mortgage Loan so permit. It is understood and agreed that no earthquake
          or other
          additional insurance is to be required of any Mortgagor or maintained on
          property acquired in respect of a Mortgage Loan other than pursuant to
          such
          applicable laws and regulations as shall at any time be in force and as
          shall
          require such additional insurance.

        

        The
          Master Servicer shall, or shall cause the related Sub-Servicer to, exercise
          its
          best reasonable efforts to maintain and keep in full force and effect each
          Primary Insurance Policy by a Qualified Insurer, or other insurer satisfactory
          to the Rating Agencies, with respect to each first lien Mortgage Loan as
          to
          which as of the Cut-Off Date such a Primary Insurance Policy was in effect
          (or,
          in the case of a Qualified Substitute Mortgage Loan, the date of substitution)
          and the original principal amount of the related Mortgage Note exceeded
          80% of
          the Collateral Value in an amount at least equal to the excess of such
          original
          principal amount over 75% of such Collateral Value until the principal
          amount of
          any such first lien Mortgage Loan is reduced below 80% of the Collateral
          Value
          or, based upon a new appraisal, the principal amount of such first lien
          Mortgage
          Loan represents less than 80% of the new appraised value. The Master Servicer
          shall, or shall cause the related Sub-Servicer to, effect the timely payment
          of
          the premium on each Primary Insurance Policy. The Master Servicer and the
          related Sub-Servicer shall have the power to substitute for any Primary
          Insurance Policy another substantially equivalent policy issued by another
          Qualified Insurer, provided,
          that,
          such
          substitution shall be subject to the condition that it will not cause the
          ratings on the Certificates to be downgraded or withdrawn, as evidenced
          in
          writing from each Rating Agency.

        

        
          
            
            

          

          
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        The
          Master Servicer shall cooperate with the PMI Insurer and shall use its
          best
          efforts to furnish all reasonable aid, evidence and information in the
          possession of the Master Servicer or to which the Master Servicer has access
          with respect to any PMI Mortgage Loan.

        

        In
          the
          event of a default by PMI Insurer under the PMI Insurer Policy (a “Replacement
          Event”), the Master Servicer shall use its best efforts to obtain a substitute
          lender-paid primary mortgage insurance policy (a “Substitute PMI Policy”);
provided,
          however,
          that
          the Master Servicer shall not be obligated, and shall have no liability
          for
          failing, to obtain a Substitute PMI Policy unless such Substitute PMI Policy
          can
          be obtained on the following terms and conditions: (i) the Certificates
          shall be
          rated no lower than the rating assigned by each Rating Agency to the
          Certificates immediately prior to such Replacement Event, as evidenced
          by a
          letter from each Rating Agency addressed to the Depositor, the Master Servicer
          and the Trustee, (ii) the timing and mechanism for drawing on such new
          Substitute PMI Policy shall be reasonably acceptable to the Master Servicer
          and
          the Trustee and (iii) the premiums under the proposed Substitute PMI Policy
          shall not exceed such premiums under the existing PMI Insurer
          Policy.

        

        With
          respect to the PMI Mortgage Loans covered by a PMI Insurer Policy, the
          Master
          Servicer will confirm with PMI Insurer, and PMI Insurer will certify to
          the
          Trustee, on or before January 1, 2007, that the Mortgage Loans indicated
          on the
          Mortgage Loan Schedule as being covered by PMI Insurer Policy are so
          covered.

        

        No
          earthquake or other additional insurance is to be required of any Mortgagor
          or
          maintained on property acquired with respect to a security instrument other
          than
          pursuant to such applicable laws and regulations as shall at any time be
          in
          force and shall require such additional insurance. When, at the time of
          origination of the Mortgage Loan or at any subsequent time, the Mortgaged
          Property is located in a federally designated special flood hazard area,
          the
          Master Servicer shall cause with respect to the Mortgage Loans and each
          REO
          Property flood insurance (to the extent available and in accordance with
          mortgage servicing industry practice) to be maintained. Such flood insurance
          shall cover the Mortgaged Property, including all items taken into account
          in
          arriving at the Collateral Value on which the Mortgage Loan was based,
          and shall
          be in an amount equal to the lesser of (i) the Stated Principal Balance
          of the
          related Mortgage Loan and (ii) the minimum amount required under the terms
          of
          coverage to compensate for any damage or loss on a replacement cost basis,
          but
          not more than the maximum amount of such insurance available for the related
          Mortgaged Property under either the regular or emergency programs of the
          National Flood Insurance Program (assuming that the area in which such
          Mortgaged
          Property is located is participating in such program). Unless applicable
          state
          law requires a higher deductible, the deductible on such flood insurance
          may not
          exceed $5,000 in the case of a one- to four-family residence and $25,000
          in the
          case of a condominium, cooperative or PUD.

        

        
          
            
            

          

          
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        In
          the
          event that the Master Servicer shall obtain and maintain a blanket fire
          insurance policy with extended coverage insuring against hazard losses
          on all of
          the Mortgage Loans, it shall conclusively be deemed to have satisfied its
          obligations as set forth in the first two sentences of this Section 3.13,
          it
          being understood and agreed that such policy may contain a deductible clause,
          in
          which case the Master Servicer shall, in the event that there shall not
          have
          been maintained on the related Mortgaged Property a policy complying with
          the
          first two sentences of this Section 3.13 and there shall have been a loss
          which
          would have been covered by such policy, deposit in the Certificate Account
          from
          its own funds the amount not otherwise payable under the blanket policy
          because
          of such deductible clause. Any such deposit by the Master Servicer shall
          be made
          on the Certificate Account Deposit Date next preceding the Distribution
          Date
          which occurs in the month following the month in which payments under any
          such
          policy would have been deposited in the Custodial Account. Any such deposit
          shall not be deemed Servicing Advances and the Master Servicer shall not
          be
          entitled to reimbursement therefor. In connection with its activities as
          administrator and servicer of the Mortgage Loans, the Master Servicer agrees
          to
          present, on behalf of itself, the Trustee and Certificateholders, claims
          under
          any such blanket policy.

        

        Section
          3.14. Enforcement
          of Due-on-Sale Clauses; Assumption Agreements.

        

        
          
            
            

          

          
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        The
          Master Servicer will, to the extent it has knowledge of any conveyance
          or
          prospective conveyance by any Mortgagor of the Mortgaged Property (whether
          by
          absolute conveyance or by contract of sale, and whether or not the Mortgagor
          remains or is to remain liable under the Mortgage Note or the Mortgage),
          exercise or cause to be exercised its rights to accelerate the maturity
          of such
          Mortgage Loan under any “due-on-sale” clause applicable thereto; provided,
          however,
          that
          the Master Servicer shall not exercise any such rights if it reasonably
          believes
          that it is prohibited by law from doing so. The Master Servicer or the
          related
          Sub-Servicer may repurchase a Mortgage Loan at the Purchase Price when
          the
          Master Servicer requires acceleration of the Mortgage Loan, but only if
          the
          Master Servicer is satisfied, as evidenced by an Officer's Certificate
          delivered
          to the Trustee, that either (i) such Mortgage Loan is in default or default
          is
          reasonably foreseeable or (ii) if such Mortgage Loan is not in default
          or
          default is not reasonably foreseeable, such repurchase will have no adverse
          tax
          consequences for the Trust Fund or any Certificateholder. If the Master
          Servicer
          is unable to enforce such “due-on-sale” clause (as provided in the second
          preceding sentence) or if no “due-on-sale” clause is applicable, the Master
          Servicer or the Sub-Servicer is authorized to enter into an assumption
          and
          modification agreement with the Person to whom such property has been conveyed
          or is proposed to be conveyed, pursuant to which such Person becomes liable
          under the Mortgage Note and, to the extent permitted by applicable state
          law,
          the Mortgagor remains liable thereon; provided,
          however,
          that
          the Master Servicer shall not enter into any assumption and modification
          agreement if the coverage provided under the Primary Insurance Policy,
          if any,
          would be impaired by doing so. The Master Servicer shall notify the Trustee,
          whenever possible, before the completion of such assumption agreement,
          and shall
          forward to the Trustee the original copy of such assumption agreement,
          which
          copy shall be added by the Trustee to the related Mortgage File and which
          shall,
          for all purposes, be considered a part of such Mortgage File to the same
          extent
          as all other documents and instruments constituting a part thereof. In
          connection with any such assumption agreement, the interest rate on the
          related
          Mortgage Loan shall not be changed and no other material alterations in
          the
          Mortgage Loan shall be made unless such material alteration would not cause
          any
          of REMIC 1, REMIC 2 or REMIC 3 to fail to qualify as a REMIC for federal
          income
          tax purposes, as evidenced by an Opinion of Counsel. The Master Servicer
          is also
          authorized to enter into a substitution of liability agreement with such
          Person,
          pursuant to which the original Mortgagor is released from liability and
          such
          Person is substituted as the Mortgagor and becomes liable under the Mortgage
          Note. Any fee collected by or on behalf of the Master Servicer for entering
          into
          an assumption or substitution of liability agreement will be retained by
          or on
          behalf of the Master Servicer as additional servicing compensation. In
          connection with any such assumption, no material term of the Mortgage Note
          (including but not limited to the Mortgage Rate, the amount of the Monthly
          Payment and any other term affecting the amount or timing of payment on
          the
          Mortgage Loan) may be changed. The Master Servicer shall not enter into
          any
          substitution or assumption if such substitution or assumption shall (i)
          both
          constitute a “significant modification” effecting an exchange or reissuance of
          such Mortgage Loan under the Code (or Treasury regulations promulgated
          thereunder) and cause any of REMIC 1, REMIC 2 or REMIC 3 to fail to qualify
          as a
          REMIC under the REMIC Provisions or (ii) cause the imposition of any tax
          on
“prohibited transactions” or “contributions” after the Startup Day under the
          REMIC Provisions. The Master Servicer shall notify the Trustee that any
          such
          substitution or assumption agreement has been completed and shall forward
          to the
          Trustee the original copy of such substitution or assumption agreement,
          which
          copy shall be added to the related Mortgage File and shall, for all purposes,
          be
          considered a part of such Mortgage File to the same extent as all other
          documents and instruments constituting a part thereof. A portion equal
          to up to
          2% of the Collateral Value of the related Mortgage Loan, of any fee or
          additional interest collected by the related Sub-Servicer for consenting
          in any
          such conveyance or entering into any such assumption agreement may be retained
          by the related Sub-Servicer as additional servicing compensation.

        

        Notwithstanding
          the foregoing paragraph or any other provision of this Agreement, the Master
          Servicer shall not be deemed to be in default, breach or any other violation
          of
          its obligations hereunder by reason of any assumption of a Mortgage Loan
          by
          operation of law or any assumption that the Master Servicer may be restricted
          by
          law from preventing, for any reason whatsoever. For purposes of this Section
          3.14, the term “assumption” is deemed to also include a sale of a Mortgaged
          Property that is not accompanied by an assumption or substitution of liability
          agreement.

        

        
          
            
            

          

          
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        Section
          3.15. Realization
          Upon Defaulted Mortgage Loans.

        

        The
          Master Servicer shall exercise reasonable efforts, consistent with the
          procedures that the Master Servicer would use in servicing loans for its
          own
          account, to foreclose upon or otherwise comparably convert (which may include
          an
          REO Acquisition) the ownership of properties securing such of the Mortgage
          Loans
          as come into and continue in default and as to which no satisfactory
          arrangements can be made for collection of delinquent payments pursuant
          to
          Section 3.07, and which are not released from the Trust Fund pursuant to
          any
          other provision hereof. The Master Servicer shall use reasonable efforts
          to
          realize proceeds from such defaulted Mortgage Loans in such manner (including
          short sales and passing through to the Trust Fund less than the full amount
          it
          expects to receive from the related Mortgage Loan) as will maximize the
          receipt
          of principal and interest by Certificateholders, taking into account, among
          other things, the timing of foreclosure proceedings. The foregoing is subject
          to
          the provisions that, in any case in which Mortgaged Property shall have
          suffered
          damage from an Uninsured Cause, the Master Servicer shall not be required
          to
          expend its own funds toward the restoration of such property unless it
          shall
          determine in its sole discretion (i) that such restoration will increase
          the net
          proceeds of liquidation of the related Mortgage Loan to Certificateholders
          after
          reimbursement to itself for such expenses, and (ii) that such expenses
          will be
          recoverable by the Master Servicer through Insurance Proceeds or Liquidation
          Proceeds from the related Mortgaged Property, as contemplated in Section
          3.11.
          The Master Servicer shall be responsible for all other costs and expenses
          incurred by it in any such proceedings; provided,
          however,
          that it
          shall be entitled to reimbursement thereof from the related property, as
          contemplated in Section 3.11.

        

        The
          proceeds of any Cash Liquidation or REO Disposition, as well as any recovery
          resulting from a partial collection of Insurance Proceeds or Liquidation
          Proceeds or any income from an REO Property, will be deposited into the
          Custodial Account and applied in the following order of priority: first,
          to
          reimburse the Master Servicer or any Sub-Servicer for any related unreimbursed
          Servicing Advances, pursuant to Section 3.11(vi) or 3.22; second, to accrued
          and
          unpaid interest on the Mortgage Loan or REO Imputed Interest, at the Mortgage
          Rate, to the date of the Cash Liquidation or REO Disposition, or to the
          Due Date
          prior to the Distribution Date on which such amounts are to be distributed
          if
          not in connection with a Cash Liquidation or REO Disposition; and third,
          as a
          recovery of principal of the Mortgage Loan. If the amount of the recovery
          so
          allocated to interest is less than a full recovery thereof, that amount
          will be
          allocated as follows: first, to unpaid Master Servicing Fees or Sub-Servicing
          Fees; and second, to interest at the Net Mortgage Rate. The portion of
          the
          recovery so allocated to unpaid Master Servicing Fees or Sub-Servicing
          Fees
          shall be reimbursed to the Master Servicer or any Sub-Servicer pursuant
          to
          Section 3.11(vi). The portions of the recovery so allocated to interest
          at the
          Net Mortgage Rate and to principal of the Mortgage Loan shall be applied
          as
          follows: first, to reimburse the Master Servicer or any Sub-Servicer for
          any
          related unreimbursed Advances in accordance with Section 3.11(iii) or 3.22,
          second, payment to the PMI Insurer in accordance with Sections 3.11(ix)
          and
          third, for payment to the Trustee and distribution to the Certificateholders
          in
          accordance with the provisions of Section 4.01, subject to Section 3.22
          with
          respect to certain recoveries from an REO Disposition constituting Excess
          Proceeds. To the extent the Master Servicer receives additional recoveries
          following a Cash Liquidation, the amount of the Realized Loss will be restated,
          and the additional recoveries will be passed through the Trust Fund as
          Liquidation Proceeds.

        

        
          
            
            

          

          
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        The
          Master Servicer, on behalf of the Trust, may also, in its discretion, as
          an
          alternative to foreclosure, sell defaulted Mortgage Loans at fair market
          value
          to third-parties, if the Master Servicer reasonably believes that such
          sale
          would maximize proceeds to the Certificateholders in the aggregate (on
          a present
          value basis) with respect to that Mortgage Loan.

        

        Section
          3.16. Trustee
          to Cooperate; Release of Mortgage Files.

        

        Upon
          the
          payment in full of any Mortgage Loan, or the receipt by the Master Servicer
          of a
          notification that payment in full shall be escrowed in a manner customary
          for
          such purposes, the Master Servicer will immediately notify the Trustee
          by a
          certification (which certification shall include a statement to the effect
          that
          all amounts received or to be received in connection with such payment
          which are
          required to be deposited in the Custodial Account pursuant to Section 3.10
          have
          been or will be so deposited) of a Servicing Officer and shall request
          delivery
          to it of the Mortgage File in the form of the Request for Release attached
          hereto as Exhibit F-2. Upon receipt by the Trustee of such certification
          and
          request, the Trustee shall promptly release the related Mortgage File to
          the
          Master Servicer. Subject to the receipt by the Master Servicer of the proceeds
          of such payment in full and the payment of all related fees and expenses,
          the
          Master Servicer shall arrange for the release to the Mortgagor of the original
          canceled Mortgage Note. In connection with the satisfaction of any MOM
          Loan, the
          Master Servicer is authorized to cause the removal from the registration
          on the
          MERS® System of such Mortgage. All other documents in the Mortgage File shall
          be
          retained by the Master Servicer to the extent required by applicable law.
          The
          Master Servicer shall provide for preparation of the appropriate instrument
          of
          satisfaction covering any Mortgage Loan which pays in full and the Trustee
          shall
          cooperate in the execution and return of such instrument to provide for
          its
          delivery or recording as may be required. No expenses incurred in connection
          with any instrument of satisfaction or deed of reconveyance shall be chargeable
          to the Custodial Account or the Certificate Account.

        

        From
          time
          to time and as appropriate for the servicing or foreclosure of any Mortgage
          Loan, including, for this purpose, collection under any insurance policy
          relating to the Mortgage Loan, the Trustee shall, upon request of the Master
          Servicer and delivery to the Trustee of a Request for Release in the form
          attached hereto as Exhibit F-1, release the related Mortgage File to the
          Master
          Servicer and the Trustee shall execute such documents as the Master Servicer
          shall prepare and request as being necessary to the prosecution of any
          such
          proceedings. Such Request for Release shall obligate the Master Servicer
          to
          return each document previously requested from the Mortgage File to the
          Trustee
          when the need therefor by the Master Servicer no longer exists; and in
          any event
          within 21 days of the Master Servicer's receipt thereof, unless the Mortgage
          Loan has been liquidated and the Liquidation Proceeds relating to the Mortgage
          Loan have been deposited in the Custodial Account or the Mortgage File
          or such
          document has been delivered to an attorney, or to a public trustee or other
          public official as required by law, for purposes of initiating or pursuing
          legal
          action or other proceedings for the foreclosure of the Mortgaged Property
          either
          judicially or non-judicially, and the Master Servicer has delivered to
          the
          Trustee a certificate of a Servicing Officer certifying as to the name
          and
          address of the Person to which such Mortgage File or such document was
          delivered
          and the purpose or purposes of such delivery. Upon receipt of a Request
          for
          Release stating that such Mortgage Loan was liquidated and that all amounts
          received or to be received in connection with such liquidation which are
          required to be deposited into the Custodial Account have been or will be
          so
          deposited, or that such Mortgage Loan has become an REO Property, a copy
          of the
          Request for Release shall be released by the Trustee to the Master
          Servicer.

        

        
          
            
            

          

          
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        Upon
          written request of a Servicing Officer, the Trustee shall execute and deliver
          to
          the Master Servicer any court pleadings, requests for trustee’s sale or other
          documents prepared by the Master Servicer that are necessary to the foreclosure
          or trustee’s sale in respect of a Mortgaged Property or to any legal action
          brought to obtain judgment against any Mortgagor on the Mortgage Note or
          Mortgage or to obtain a deficiency judgment, or to enforce any other remedies
          or
          rights provided by the Mortgage Note or Mortgage or otherwise available
          at law
          or in equity. Each such request that such pleadings or documents be executed
          by
          the Trustee shall include a certification signed by a Servicing Officer
          as to
          the reason such documents or pleadings are required and that the execution
          and
          delivery thereof by the Trustee will not invalidate or otherwise affect
          the lien
          of the Mortgage, except for the termination of such a lien upon completion
          of
          the foreclosure or trustee’s sale.

        

        Section
          3.17. Servicing
          Compensation.

        

        As
          compensation for its activities hereunder, the Master Servicer shall be
          entitled
          to withhold and retain, from deposits to the Custodial Account of amounts
          representing payments or recoveries of interest, the Master Servicing Fees
          and
          Sub-Servicing Fees with respect to each Mortgage Loan (less any portion
          of such
          amounts retained by any Sub-Servicer). In addition, the Master Servicer
          shall be
          entitled to recover unpaid Master Servicing Fees and Sub-Servicing Fees
          out of
          related Late Collections to the extent permitted in Section 3.11.

        

        Each
          Sub-Servicing Agreement shall permit the related Sub-Servicer to retain
          the
          Sub-Servicer Fees from collections on the related Mortgage Loans, or shall
          provide that the Sub-Servicer be paid directly by the Master Servicer from
          collections on the related Mortgage Loans. To the extent the Master Servicer
          directly services a Mortgage Loan, the Master Servicer shall be entitled
          to
          retain the Sub-Servicing Fees for that Mortgage Loan.

        

        The
          Master Servicer also shall be entitled pursuant to Section 3.11 to receive
          from
          the Custodial Account as additional servicing compensation interest or
          other
          income earned on deposits therein, subject to Section 3.23, as well as
          any
          assumption fees, late payment charges and reconveyance fees. The Master
          Servicer
          shall not be entitled to retain any Prepayment Charges. Any Prepayment
          Charges
          identified on Exhibit H hereto as belonging to the Class P Certificateholder
          shall be paid to the Holders of the Class P Certificates. Any Prepayment
          Charges
          identified on Exhibit H hereto as belonging to a Sub-Servicer shall be
          paid to
          the related Sub-Servicer. The Master Servicer shall be required to pay
          all
          expenses incurred by it in connection with its servicing activities hereunder
          (including payment of the premiums for any blanket policy insuring against
          hazard losses pursuant to Section 3.13 and servicing compensation of the
          Sub-Servicer to the extent not retained by it), and shall not be entitled
          to
          reimbursement therefor except as specifically provided in Section 3.11.
          The
          Master Servicing Fee may not be transferred in whole or in part except
          in
          connection with the transfer of all of the Master Servicer's responsibilities
          and obligations under this Agreement.

        

        
          
            
            

          

          
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        Section
          3.18. Maintenance
          of Certain Servicing Policies.

        

        The
          Master Servicer shall obtain and maintain at its own expense and shall
          cause
          each Sub-Servicer to obtain and maintain for the duration of this Agreement
          a
          blanket fidelity bond and an errors and omissions insurance policy covering
          the
          Master Servicer's and such Sub-Servicer's officers, employees and other
          persons
          acting on its behalf in connection with its activities under this Agreement.
          The
          amount of coverage shall be at least equal to the coverage maintained by
          the
          Master Servicer or Sub-Servicer in order to be acceptable to Fannie Mae
          or
          Freddie Mac to service loans for it or otherwise in an amount as is commercially
          available at a cost that is generally not regarded as excessive by industry
          standards. The Master Servicer shall promptly notify the Trustee in writing
          of
          any material change in the terms of such bond or policy. The Master Servicer
          shall provide annually to the Trustee a certificate of insurance that such
          bond
          and policy are in effect. If any such bond or policy ceases to be in effect,
          the
          Master Servicer shall, to the extent possible, give the Trustee ten days'
          notice
          prior to any such cessation and shall use its reasonable best efforts to
          obtain
          a comparable replacement bond or policy, as the case may be.

        

        Section
          3.19. Annual
          Statement as to Compliance.

        

        Not
          later
          than March 22nd of each calendar year beginning in 2008, the Master Servicer
          at
          its own expense shall deliver to the Trustee via e-mail
          (DBSEC.Notifications@db.com), and shall deliver (or otherwise make available)
          to
          the Certificate Insurer, a certificate (an “Annual Statement of Compliance”)
          signed by a Servicing Officer stating, as to the signers thereof, that
          (i) a
          review of the activities of the Master Servicer during the preceding calendar
          year and of performance under this Agreement or other applicable servicing
          agreement has been made under such officers’ supervision, (ii) to the best of
          such officers’ knowledge, based on such review, the Master Servicer has
          fulfilled all its obligations under this Agreement or other applicable
          servicing
          agreement in all material respects for such year or portion thereof, or,
          if
          there has been a failure to fulfill any such obligation in any material
          respect,
          specifying each such failure known to such officer and the nature and status
          thereof. Such Annual Statement of Compliance shall contain no restrictions
          or
          limitations on its use. In the event that the Master Servicer has delegated
          any
          servicing responsibilities with respect to the Mortgage Loans to a Sub-Servicer,
          the Master Servicer shall deliver a similar Annual Statement of Compliance
          by
          that Sub-Servicer to the Trustee as described above as and when required
          with
          respect to the Master Servicer.

        

        
          
            
            

          

          
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        Failure
          of the Master Servicer to timely comply with this Section 3.19 shall be
          deemed
          an Event of Default, and the Trustee may, in addition to whatever rights
          the
          Trustee may have under this Agreement and at law or equity or to damages,
          including injunctive relief and specific performance, upon notice immediately
          terminate all the rights and obligations of the Master Servicer under this
          Agreement and in and to the Mortgage Loans and the proceeds thereof without
          compensating the Master Servicer for the same. This paragraph shall supersede
          any other provision in this Agreement or any other agreement to the
          contrary.

        

        Section
          3.20. Assessments
          of Compliance and Attestation Reports.

        

        Pursuant
          to Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122(a) of Regulation
          AB, the Master Servicer shall deliver to the Trustee via e-mail
          (DBSEC.Notifications@db.com) on or before March 22nd of each calendar year
          beginning in 2008, a report regarding the Master Servicer’s assessment of
          compliance (an “Assessment of Compliance”) with the applicable Servicing
          Criteria (as set forth in Exhibit N) during the preceding calendar year.
          The
          Assessment of Compliance must contain the following:

        

        (a) A
          statement by such officer of its responsibility for assessing compliance
          with
          the Servicing Criteria applicable to the Master Servicer;

        

        (b) A
          statement by such officer that such officer used the Servicing Criteria,
          and
          which will also be attached to the Assessment of Compliance, to assess
          compliance with the Servicing Criteria applicable to the Master
          Servicer;

        

        (c) An
          assessment by such officer of the Master Servicer’s compliance with the
          applicable Servicing Criteria for the period consisting of the preceding
          calendar year, including disclosure of any material instance of noncompliance
          with respect thereto during such period, which assessment shall be based
          on the
          activities it performs with respect to asset-backed securities transactions
          taken as a whole involving the Master Servicer, that are backed by the
          same
          asset type as the Mortgage Loans;

        

        (d) A
          statement that a registered public accounting firm has issued an attestation
          report on the Master Servicer’s Assessment of Compliance for the period
          consisting of the preceding calendar year; and

        

        (e) A
          statement as to which of the Servicing Criteria, if any, are not applicable
          to
          the Master Servicer, which statement shall be based on the activities it
          performs with respect to asset-backed securities transactions taken as
          a whole
          involving the Master Servicer, that are backed by the same asset type as
          the
          Mortgage Loans.

        

        
          
            
            

          

          
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        Such
          report at a minimum shall address each of the Servicing Criteria specified
          on
          Exhibit N hereto which are indicated as applicable to the Master
          Servicer.

        

        On
          or
          before March 22nd of each calendar year beginning in 2008, the Master Servicer
          shall furnish to the Trustee a report (an “Attestation Report”) by a registered
          public accounting firm that attests to, and reports on, the Assessment
          of
          Compliance made by the Master Servicer, as required by Rules 13a-18 and
          15d-18
          of the Exchange Act and Item 1122(b) of Regulation AB, which Attestation
          Report
          must be made in accordance with standards for attestation reports issued
          or
          adopted by the Public Company Accounting Oversight Board.

        

        The
          Master Servicer shall cause any Sub-Servicer and each subcontractor determined
          by the Master Servicer to be “participating in the servicing function” within
          the meaning of Item 1122 of Regulation AB, to deliver to the Trustee and
          the
          Depositor an Assessment of Compliance and Attestation Report as and when
          provided above.

        

        Such
          Assessment of Compliance, as to any Sub-Servicer, shall address each of
          the
          Servicing Criteria applicable to the Sub-Servicer. Notwithstanding the
          foregoing, as to any subcontractor determined by the Master Servicer to
          be
“participating in the servicing function,” an Assessment of Compliance is not
          required to be delivered unless it is required as part of a Form 10-K with
          respect to the Trust Fund.

        

        Failure
          of the Master Servicer to timely comply with this Section 3.20 (taking
          into
          account the cure period if permitted as set forth in the preceding paragraph)
          shall be deemed an Event of Default, and the Trustee may, in addition to
          whatever rights the Trustee may have under this Agreement and at law or
          equity
          or to damages, including injunctive relief and specific performance, give
          notice
          to Certificateholders that they have ten Business Days to object. If no
          such
          objection is received, the Trustee shall immediately terminate all the
          rights
          and obligations of the Master Servicer under this Agreement and in and
          to the
          Mortgage Loans and the proceeds thereof without compensating the Master
          Servicer
          for the same (other than as provided herein with respect to unreimbursed
          Advances or Servicing Advances or accrued and unpaid Servicing Fees). This
          paragraph shall supercede any other provision in this Agreement or any
          other
          agreement to the contrary.

        

        The
          Trustee shall also provide an Assessment of Compliance (with respect to
          items
          (a) - (d) but not (e) above) and Attestation Report, as and when provided
          above,
          which shall at a minimum address each of the Servicing Criteria specified
          on
          Exhibit N hereto which are indicated as applicable to the “trustee”.
          Notwithstanding the foregoing, as to any trustee, an Assessment of Compliance
          is
          not required to be delivered unless it is required as part of a Form 10-K
          with
          respect to the Trust Fund.

        

        Section
          3.21. Access
          to
          Certain Documentation.

        

        The
          Master Servicer shall provide, and shall cause any Sub-Servicer to provide,
          to
          the Trustee, access to the documentation in their possession regarding
          the
          related Mortgage Loans and REO Properties and to the Certificateholders,
          the
          FDIC, and the supervisory agents and examiners of the FDIC (to which the
          Trustee
          shall also provide) access to the documentation regarding the related Mortgage
          Loans required by applicable regulations, such access being afforded without
          charge but only upon reasonable request and during normal business hours
          at the
          offices of the Master Servicer or the Sub-Servicers that are designated
          by these
          entities; provided,
          however,
          that,
          unless otherwise required by law, the Trustee, the Master Servicer or the
          Sub-Servicer shall not be required to provide access to such documentation
          if
          the provision thereof would violate the legal right to privacy of any Mortgagor.
          The Master Servicer and the Sub-Servicers shall allow representatives of
          the
          above entities to photocopy any of the documentation and shall provide
          equipment
          for that purpose at a charge that covers their own actual out-of-pocket
          costs.
          The Master Servicer shall designate a Servicing Officer to provide certain
          information regarding the Mortgage Loans.

        

        
          
            
            

          

          
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        Section
          3.22. Title,
          Conservation and Disposition of REO Property.

        

        This
          Section shall apply only to REO Properties acquired for the account of
          REMIC 1
          and shall not apply to any REO Property relating to a Mortgage Loan which
          was
          purchased or repurchased from REMIC 1 pursuant to Sections 2.02, 2.04,
          3.14 or
          3.27. In the event that title to any such REO Property is acquired, the
          deed or
          certificate of sale shall be issued to the Trustee, or to its nominee,
          on behalf
          of the Certificateholders. The Master Servicer, on behalf of REMIC 1, shall
          either sell any REO Property before the close of the third taxable year
          following the taxable year in which REMIC 1 acquires ownership of such
          REO
          Property for purposes of Section 860G(a)(8) of the Code or, at the expense
          of
          REMIC 1, request, more than 60 days before the day on which the three-year
          grace
          period would otherwise expire an extension of the three-year grace period,
          unless the Master Servicer has delivered to the Trustee an Opinion of Counsel
          (which shall not be at the expense of the Trustee), addressed to the Trustee
          and
          the Master Servicer, to the effect that the holding by REMIC 1 of such
          REO
          Property subsequent to the close of the third taxable year following the
          taxable
          year in which REMIC 1 acquires ownership of such REO Property will not
          result in
          the imposition on REMIC 1 of taxes on “prohibited transactions” thereof, as
          defined in Section 860F of the Code, or cause any of REMIC 1, REMIC 2 or
          REMIC 3
          to fail to qualify as a REMIC under the REMIC Provisions or comparable
          provisions of the laws of the State of California at any time that any
          Certificates are outstanding. The Master Servicer shall manage, conserve,
          protect and operate each REO Property for the Certificateholders solely
          for the
          purpose of its prompt disposition and sale in a manner which does not cause
          such
          REO Property to fail to qualify as “foreclosure property” within the meaning of
          Section 860G(a)(8) or result in the receipt by any of REMIC 1, REMIC 2
          or REMIC
          3 of any “income from non-permitted assets” within the meaning of Section
          860F(a)(2)(B) of the Code or any “net income from foreclosure property” which is
          subject to taxation under the REMIC Provisions. Pursuant to its efforts
          to sell
          such REO Property, the Master Servicer shall either itself or through an
          agent
          selected by the Master Servicer protect and conserve such REO Property
          in the
          same manner and to such extent as is customary in the locality where such
          REO
          Property is located and may, incident to its conservation and protection
          of the
          interests of the Certificateholders, rent the same, or any part thereof,
          as the
          Master Servicer deems to be in the best interest of the Certificateholders
          for
          the period prior to the sale of such REO Property.

        

        
          
            
            

          

          
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        Any
          REO
          Disposition shall be for cash only (unless changes in the REMIC Provisions
          made
          subsequent to the Startup Day allow a sale for other
          consideration).

        

        The
          Master Servicer shall segregate and hold all funds collected and received
          in
          connection with the operation of any REO Property separate and apart from
          its
          own funds and general assets. The Master Servicer shall deposit, or cause
          to be
          deposited, on a daily basis in the Custodial Account all revenues received
          with
          respect to the REO Properties, net of any directly related expenses incurred
          or
          withdraw therefrom funds necessary for the proper operation, management
          and
          maintenance of the REO Property.

        

        If
          as of
          the date of acquisition of title to any REO Property there remain outstanding
          unreimbursed Servicing Advances with respect to such REO Property or any
          outstanding Advances allocated thereto the Master Servicer, upon an REO
          Disposition, shall be entitled to reimbursement for any related unreimbursed
          Servicing Advances and any unreimbursed related Advances as well as any
          unpaid
          Master Servicing Fees or Sub-Servicing Fees from proceeds received in connection
          with the REO Disposition, as further provided in Section 3.15. The Master
          Servicer shall not be obligated to advance any amounts with respect to
          an REO
          Property if such advance would constitute a Nonrecoverable Advance.

        

        The
          REO
          Disposition shall be carried out by the Master Servicer at such price and
          upon
          such terms and conditions as the Master Servicer shall determine.

        

        The
          Master Servicer shall deposit the proceeds from the REO Disposition, net
          of any
          payment to the Master Servicer as provided above, in the Custodial Account
          upon
          receipt thereof for distribution in accordance with Section 4.01; provided,
          that
          any such net proceeds received by the Master Servicer which are in excess
          of the
          applicable Stated Principal Balance plus all unpaid REO Imputed Interest
          thereon
          through the last day of the month in which the REO Disposition occurred
          (“Excess
          Proceeds”) shall be retained by the Master Servicer as additional servicing
          compensation.

        

        With
          respect to any Mortgage Loan as to which the Master Servicer has received
          notice
          of, or has actual knowledge of, the presence of any toxic or hazardous
          substance
          on the Mortgaged Property, the Master Servicer shall not, on behalf of
          the
          Trustee, either (i) obtain title to the related Mortgaged Property as a
          result
          of or in lieu of foreclosure or otherwise, or (ii) otherwise acquire possession
          of, the related Mortgaged Property, unless the Master Servicer has, at
          least 30
          days prior to taking such action, obtained and delivered to the Trustee
          an
          environmental audit report prepared by a Person who regularly conducts
          environmental audits using customary industry standards. The Master Servicer
          shall take such action as it deems to be in the best economic interest
          of the
          Trust Fund (other than proceeding against the Mortgaged Property) and is
          hereby
          authorized at such time as it deems appropriate to release such Mortgaged
          Property from the lien of the related Mortgage.

        

        
          
            
            

          

          
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        The
          cost
          of the environmental audit report contemplated by this Section 3.22 shall
          be
          advanced by the Master Servicer as an expense of the Trust Fund, and the
          Master
          Servicer shall be reimbursed therefor from the Custodial Account as provided
          in
          Section 3.11, any such right of reimbursement being prior to the rights
          of the
          Certificateholders to receive any amount in the Custodial Account.

        

        If
          the
          Master Servicer determines, as described above, that it is in the best
          economic
          interest of the Trust Fund to take such actions as are necessary to bring
          any
          such Mortgaged Property in compliance with applicable environmental laws,
          or to
          take such action with respect to the containment, clean-up or remediation
          of
          hazardous substances, hazardous materials, hazardous wastes, or petroleum-based
          materials affecting any such Mortgaged Property, then the Master Servicer
          shall
          take such action as it deems to be in the best economic interest of the
          Trust
          Fund. The cost of any such compliance, containment, clean-up or remediation
          shall be advanced by the Master Servicer as an expense of the Trust Fund,
          and
          the Master Servicer shall be entitled to be reimbursed therefor from the
          Custodial Account as provided in Section 3.11, any such right of reimbursement
          being prior to the rights of the Certificateholders to receive any amount
          in the
          Custodial Account.

        

        Section
          3.23. Additional
          Obligations of the Master Servicer.

        

        On
          each
          Certificate Account Deposit Date, the Master Servicer shall deliver to
          the
          Trustee for deposit in the Certificate Account from its own funds and without
          any right of reimbursement therefor, a total amount equal to the amount
          of
          Compensating Interest for the related Distribution Date.

        

        Section
          3.24. Additional
          Obligations of the Depositor.

        

        The
          Depositor agrees that on or prior to the tenth day after the Closing Date,
          the
          Depositor shall provide the Trustee with a written notification, substantially
          in the form of Exhibit J attached hereto, relating to each Class of
          Certificates, setting forth (i) in the case of each Class of such Certificates,
          (a) if less than 10% of the aggregate Certificate Principal Balance of
          such
          Class of Certificates has been sold as of such date, the value calculated
          pursuant to clause (b)(iii) of Exhibit J hereto, or, (b) if 10% or more
          of such
          Class of Certificates has been sold as of such date but no single price
          is paid
          for at least 10% of the aggregate Certificate Principal Balance of such
          Class of
          Certificates, then the weighted average price at which the Certificates
          of such
          Class were sold and the aggregate percentage of Certificates of such Class
          sold,
          (c) the first single price at which at least 10% of the aggregate Certificate
          Principal Balance of such Class of Certificates was sold, or (d) if any
          Certificates of each Class of Certificates are retained by the Depositor
          or an
          affiliate corporation, or are delivered to the Sponsor, the fair market
          value of
          such Certificates as of the Closing Date, (ii) the Prepayment Assumption
          used in
          pricing the Certificates, and (iii) such other information as to matters
          of fact
          as the Trustee may reasonably request to enable it to comply with its reporting
          requirements with respect to each Class of such Certificates to the extent
          such
          information can in the good faith judgment of the Depositor be determined
          by
          it.

        

        
          
            
            

          

          
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        Section
          3.25. Exchange
          Act Reporting.

        

        (a) The
          Trustee (to the extent any information requested by the Depositor is actually
          in
          the possession of the Trustee) and the Master Servicer shall fully cooperate
          with the Depositor in connection with the Trust’s satisfying the reporting
          requirements under the Exchange Act as may be requested by the Depositor
          pursuant to Section 3.26.

        

        (b) (i)
          Within 12 calendar days after each Distribution Date, the Trustee shall,
          in
          accordance with industry standards, file with the Commission via the Electronic
          Data Gathering and Retrieval System (“EDGAR”), a Distribution Report on Form
          10-D, signed by the Depositor, with a copy of the monthly statement to
          be
          furnished by the Trustee to the Certificateholders for such Distribution
          Date.
          Any disclosure in addition to the monthly statement required to be included
          on
          the Form 10-D (“Additional Form 10-D Disclosure”) shall be determined and
          prepared by the entity that is indicated in Exhibit O as the responsible
          party
          for providing that information, if other than the Trustee, and the Trustee
          will
          have no duty or liability to verify the accuracy or sufficiency of any
          such
          Additional Form 10-D Disclosure and the Trustee shall have no liability
          with
          respect to any failure to properly prepare or file such Form 10-D resulting
          from
          or relating to the Trustee’s inability or failure to obtain any information in a
          timely manner from the party responsible for delivery of such Additional
          Form
          10-D Disclosure.

        

        Within
          3
          calendar days after the related Distribution Date, each entity that is
          indicated
          in Exhibit O as the responsible party for providing Additional Form 10-D
          Disclosure shall be required to provide to the Trustee via e-mail
          (DBSEC.Notifications@db.com) and the Depositor, to the extent known by
          a
          responsible party thereof, Additional Form 10-D Disclosure, if applicable,
          clearly identifying which item of Form 10-D the information relates to,
          any. The
          Trustee shall compile the information provided to it, prepare the Form
          10-D and
          forward the Form 10-D to the Depositor for verification. The Depositor
          will
          approve, as to form and substance, or disapprove, as the case may be, the
          Form
          10-D. No later than three Business Days prior to the 10th calendar day
          after the
          related Distribution Date, an officer of the Depositor shall sign the Form
          10-D
          and return an electronic or fax copy of such signed Form 10-D (with an
          original
          executed hard copy to follow by overnight mail) to the Trustee. The Trustee
          shall have no liability with respect to any failure to properly file any
          Form
          10-D resulting from or relating to the Depositor’s failure to timely comply with
          the provisions of this section.

        

        (ii) Within
          four (4) Business Days after the occurrence of an event requiring disclosure
          on
          Form 8-K (each such event, a “Reportable Event”), the Depositor shall prepare
          and file any Form 8-K, as required by the Exchange Act, in addition to
          the
          initial Form 8-K in connection with the issuance of the Certificates. Any
          disclosure or information related to a Reportable Event or that is otherwise
          required to be included on Form 8-K (“Form 8-K Disclosure Information”) shall be
          determined and prepared by the entity that is indicated in Exhibit O as
          the
          responsible party for providing that information.

        

        
          
            
            

          

          
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        For
          so
          long as the Trust is subject to the Exchange Act reporting requirements,
          no
          later than the end of business on the second Business Day after the occurrence
          of a Reportable Event, the entity that is indicated in Exhibit O as the
          responsible party for providing Form 8-K Disclosure Information shall be
          required to provide to the Depositor, to the extent known by a responsible
          officer thereof, the form and substance of any Form 8-K Disclosure Information,
          if applicable. The Depositor shall compile the information provided to
          it, and
          prepare and file the Form 8-K, which shall be signed by an officer of the
          Depositor.

        

        (iii) Prior
          to
          January 30 of the first year in which the Trustee is able to do so under
          applicable law, the Trustee shall, in accordance with industry standards,
          file a
          Form 15 Suspension Notice with respect to the Trust Fund, if applicable.
          On or
          before (x) March 15, 2008 and (y) unless and until a Form 15 Suspension
          Notice
          shall have been filed, on or before April 15 of each year thereafter, the
          Master
          Servicer shall provide the Trustee with an Annual Compliance Statement,
          together
          with a copy of the Assessment of Compliance and Attestation Report to be
          delivered by the Master Servicer pursuant to Sections 3.19 and 3.20 (including
          with respect to any Sub-Servicer or any subcontractor, if required to be
          filed).
          Prior to (x) March 30, 2008 and (y) unless and until a Form 15 Suspension
          Notice
          shall have been filed, March 30 of each year thereafter, the Trustee shall
          file
          a Form 10-K, in substance as required by applicable law or applicable Securities
          and Exchange Commission staff’s interpretations and conforming to industry
          standards, with respect to the Trust Fund. Such Form 10-K shall include
          the
          Assessment of Compliance, Attestation Report, Annual Compliance Statements
          and
          other documentation provided by the Master Servicer pursuant to Sections
          3.19
          and 3.20 (including with respect to any Sub-Servicer or subcontractor,
          if
          required to be filed) and Section 3.20 with respect to the Trustee, and
          the Form
          10-K certification in the form attached hereto as Exhibit L-1 (the
“Certification”) signed by the senior officer of the Depositor in charge of
          securitization. The Trustee shall receive the items described in the preceding
          sentence no later than March 15 of each calendar year prior to the filing
          deadline for the Form 10-K.

        

        Any
          disclosure or information in addition to that described in the preceding
          paragraph that is required to be included on Form 10-K (“Additional Form 10-K
          Disclosure”) shall be determined and prepared by the entity that is indicated in
          Exhibit O as the responsible party for providing that information, if other
          than
          the Trustee, and the Trustee will have no duty or liability to verify the
          accuracy or sufficiency of any such Additional Form 10-K
          Disclosure.

        

        If
          information, data and exhibits to be included in the Form 10-K are not
          so timely
          delivered, the Trustee shall file an amended Form 10-K including such documents
          as exhibits reasonably promptly after they are delivered to the Trustee.
          The
          Trustee shall have no liability with respect to any failure to properly
          prepare
          or file such periodic reports resulting from or relating to the Trustee’s
          inability or failure to timely obtain any information from any other
          party.

        

        
          
            
            

          

          
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        On
          or
          prior to (x) March 15, 2008 and (y) unless and until a Form 15 Suspension
          Notice
          shall have been filed, prior to March 15 of each year thereafter, each
          entity
          that is indicated in Exhibit O as the responsible party for providing Additional
          Form 10-K Disclosure shall be required to provide to the Trustee via e-mail
          (DBSEC.Notifications@db.com) and the Depositor, to the extent known by
          a
          responsible party thereof, the form and substance of any Additional Form
          10-K
          Disclosure Information, if applicable. The Trustee shall compile the information
          provided to it, prepare the Form 10-K and forward the Form 10-K to the
          Depositor
          for verification. The Depositor will approve, as to form and substance,
          or
          disapprove, as the case may be, the Form 10-K by no later than March 25
          of the
          relevant year (or the immediately preceding Business Day if March 25 is
          not a
          Business Day), an officer of the Depositor shall sign the Form 10-K and
          return
          an electronic or fax copy of such signed Form 10-K (with an original executed
          hard copy to follow by overnight mail) to the Trustee.

        

        The
          Master Servicer shall be responsible for determining the pool concentration
          applicable to any Sub-Servicer to which the Master Servicer delegated any
          of its
          responsibilities with respect to the Mortgage Loans at any time, for purposes
          of
          disclosure as required by Items 1117 and 1119 of Regulation AB. The Trustee
          will
          provide electronic or paper copies of all Form 10-D, 8-K and 10-K filings
          free
          of charge to any Certificateholder upon request. Any expenses incurred
          by the
          Trustee in connection with the previous sentence shall be reimbursable
          to the
          Trustee out of the Trust Fund. The Trustee shall have no liability with
          respect
          to any failure to properly file any Form 10-K resulting from or relating
          to the
          Depositor’s failure to timely comply with the provisions of this
          section.

        

        The
          Trustee shall sign a certification (in the form attached hereto as Exhibit
          L-3)
          for the benefit of the Depositor and its officers, directors and Affiliates
          in
          respect of items 1 through 3 of the Certification (provided, however, that
          the
          Trustee shall not undertake an analysis of the Attestation Report attached
          as an
          exhibit to the Form 10-K), and the Master Servicer shall sign a certification
          (the “Master Servicer Certification) solely with respect to the Master Servicer
          (in the form attached hereto as Exhibit L-2) for the benefit of the Depositor,
          the Trustee and each Person, if any, who “controls” the Depositor or the Trustee
          within the meaning of the Securities Act of 1933, as amended, and their
          respective officers and directors. Each such certification shall be delivered
          to
          the Depositor and the Trustee by March 15th of each year (or if not a Business
          Day, the immediately preceding Business Day). The Certification attached
          hereto
          as Exhibit L-1 shall be delivered to the Trustee by March 20th for filing
          on or
          prior to March 30th of each year (or if not a Business Day, the immediately
          preceding Business Day).

        

        The
          Trustee will have no duty to verify the accuracy or sufficiency of any
          information not prepared by it included in any Form 10-D, Form 10-K or
          Form 8-K.
          The Trustee shall have no liability with respect to any failure to properly
          prepare or file any Form 10- D or Form 10-K resulting from or relating
          to the
          Trustee’s inability or failure to obtain any information in a timely manner from
          the party responsible for delivery of such disclosure information. The
          Trustee
          shall have no liability with respect to any failure to properly file any
          Form
          l0-D or 10-K resulting from or relating to the Depositor’s failure to timely
          comply with the provisions of this section. Nothing herein shall be construed
          to
          require the Trustee or any officer, director or Affiliate thereof to sign
          any
          Form 10-D, Form 10-K or Form 8-K.

        

        
          
            
            

          

          
            100

            
              

            

          

          
            
            

          

        

        (c) (A)
          The
          Trustee shall indemnify and hold harmless the Depositor, the Master Servicer
          and
          their respective officers, directors and Affiliates from and against any
          losses,
          damages, penalties, fines, forfeitures, reasonable and necessary legal
          fees and
          related costs, judgments and other costs and expenses arising out of or
          based
          upon any material misstatement or omission in the Assessment of Compliance
          delivered by the Trustee pursuant to Section 3.20 and (B) the Master Servicer
          shall indemnify and hold harmless the Depositor, the Trustee and their
          respective officers, directors and Affiliates from and against any actual
          losses, damages, penalties, fines, forfeitures, reasonable and necessary
          legal
          fees and related costs, judgments and other costs and expenses arising
          out of or
          based upon (i) the failure of the Master Servicer to timely deliver the
          Master
          Servicer Certification or (ii) any material misstatement or omission in
          the
          Statement as to Compliance delivered by the Master Servicer pursuant to
          Section
          3.19 or any Sub-Servicer pursuant to Section 3.20, the Assessment of Compliance
          delivered by the Master Servicer or any Sub-Servicer pursuant to Section
          3.20 or
          the Master Servicer Certification. If the indemnification provided for
          herein is
          unavailable or insufficient to hold harmless the Depositor, then the Master
          Servicer agrees that it shall contribute to the amount paid or payable
          by the
          Depositor and the Trustee as a result of the losses, claims, damages or
          liabilities of the Depositor and the Trustee in such proportion as is
          appropriate to reflect the relative fault of the Depositor and the Trustee
          on
          the one hand and the Master Servicer on the other in connection with the
          Master
          Servicer Certification and the related obligations of the Master Servicer
          under
          this Section 3.25.

        

        Upon
          any
          filing with the Securities and Exchange Commission, the Trustee shall promptly
          deliver to the Depositor a copy of any such executed report, statement
          or
          information.

        

        Section
          3.26. Intention
          of the Parties and Interpretation.

        

        Each
          of
          the parties acknowledges and agrees that the purpose of Sections 3.19,
          3.20 and
          3.25 of this Agreement is to facilitate compliance by the Sponsor and the
          Depositor with the provisions of Regulation AB. Therefore, each of the
          parties
          agrees that (a) the obligations of the parties hereunder shall be interpreted
          in
          such a manner as to accomplish that purpose, (b) the parties’ obligations
          hereunder will be supplemented and modified as necessary to be consistent
          with
          any such amendments, interpretive advice or guidance, convention or consensus
          among active participants in the asset-backed securities markets, advice
          of
          counsel, or otherwise in respect of the requirements of Regulation AB,
          (c) the
          parties shall comply with requests made by the Sponsor or the Depositor
          for
          delivery of additional or different information as the Sponsor or the Depositor
          may determine in good faith is necessary to comply with the provisions
          of
          Regulation AB, and (d) no amendment of this Agreement shall be required
          to
          effect any such changes in the parties’ obligations as are necessary to
          accommodate evolving interpretations of the provisions of Regulation
          AB.

        

        
          
            
            

          

          
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        Section
          3.27. Optional
          Purchase of Certain Mortgage Loans.

        

        The
          Master Servicer will have a one-time option to purchase up to a maximum
          of 1.00%
          (and in any case, at least five Mortgage Loans, not exceeding the 1.00%
          maximum
          in the aggregate) of the Mortgage Loans, by aggregate Stated Principal
          Balance
          of the Mortgage Loans as of such date, from the Trustee at the Purchase
          Price.
          Any Mortgage Loans that may be purchased by the Master Servicer pursuant
          to this
          Section 3.27 will be selected by the Master Servicer in its sole discretion.
          If
          at any time the Master Servicer makes a payment to the Certificate Account
          covering the amount of the Purchase Price for such a Mortgage Loan, and
          the
          Master Servicer provides to the Trustee a certification signed by a Servicing
          Officer stating that the amount of such payment has been deposited in the
          Certificate Account, then the Trustee shall execute the assignment of such
          Mortgage Loan at the request of the Master Servicer without recourse to
          the
          Master Servicer which shall succeed to all the Trustee’s right, title and
          interest in and to such Mortgage Loan, and all security and documents relative
          thereto. Such assignment shall be an assignment outright and not for security.
          The Master Servicer will thereupon own such Mortgage, and all such security
          and
          documents, free of any further obligation to the Trustee or the
          Certificateholders with respect thereto. Any tax on "prohibited transactions"
          (as defined in Section 860F(a)(2) of the Code) imposed on any REMIC relating
          to
          the exercise of the option provided in this Section 3.27 shall in no event
          be
          payable by the Trustee.

        

        
          
            
            

          

          
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        ARTICLE
          IV

        PAYMENTS
          TO CERTIFICATEHOLDERS

        

        Section
          4.01. Distributions.

        

        (a) The
          Trustee shall establish and maintain a Certificate Account, in which the
          Master
          Servicer shall cause to be deposited on behalf of the Trustee on or before
          5:00
          P.M. New York time on each Certificate Account Deposit Date by wire transfer
          of
          immediately available funds an amount equal to the sum of (i) any Advance
          for
          the immediately succeeding Distribution Date, (ii) any amount required
          to be
          deposited in the Certificate Account pursuant to Sections 3.10, 3.13 or
          3.23,
          (iii) all other amounts constituting the Available Distribution Amount
          for the
          immediately succeeding Distribution Date, (iv) amounts payable by the Trust
          to
          the Supplemental Interest Trust in respect of Net Swap Payments and Swap
          Termination Payments other than Swap Termination Payments resulting from
          a Swap
          Provider Trigger Event and (v) any amounts on deposit in the Custodial
          Account
          representing Prepayment Charges collected by the Master Servicer (and any
          Master
          Servicer Prepayment Charge Payment Amounts paid by, or collected on behalf
          of
          the Trust Fund by, the Master Servicer or any Sub-Servicer), other than
          any such
          Prepayment Charges or Master Servicer Prepayment Charge Payment Amounts
          relating
          to Principal Prepayments that occurred after the end of the related Prepayment
          Period.

        

        On
          each
          Distribution Date, prior to making any other distributions referred to
          in
          Section 4.01 herein, the Trustee shall withdraw from the Certificate Account
          and
          pay itself any income earned on retention of amounts on deposit in the
          Certificate Account for such Distribution Date and any other amounts payable
          to
          it hereunder.

        

        On
          each
          Distribution Date the Trustee shall distribute to each Certificateholder
          of
          record as of the next preceding Record Date (other than as provided in
          Section
          9.01 respecting the final distribution) either in immediately available
          funds
          (by wire transfer or otherwise) to the account of such Certificateholder
          at a
          bank or other entity having appropriate facilities therefor, if such
          Certificateholder has so notified the Trustee at least 5 Business Days
          prior to
          the related Record Date, or otherwise by check mailed to such Certificateholder
          at the address of such Holder appearing in the Certificate Register, such
          Certificateholder’s share (based on the aggregate of the Percentage Interests
          represented by Certificates of the applicable Class held by such Holder)
          of the
          amounts required to be distributed to such Holder pursuant to this Section
          4.01.

        

        Net
          Swap
          Payments and Swap Termination Payments (other than Swap Termination Payments
          resulting from a Swap Provider Trigger Event) payable by the Supplemental
          Interest Trust to the Swap Provider pursuant to the Interest Rate Swap
          Agreement
          shall be deducted (without duplication) from the interest collections in
          the
          Available Distribution Amount, and to the extent of any such remaining
          amounts
          due, from the principal collections in the Available Distribution Amount,
          prior
          to any distributions to the Certificateholders. On each Distribution Date,
          such
          amounts will be remitted to the Supplemental Interest Trust, first to make
          any
          Net Swap Payment owed to the Swap Provider pursuant to the Interest Rate
          Swap
          Agreement for such Distribution Date and for prior Distribution Dates,
          and
          second to make any Swap Termination Payment (not due to a Swap Provider
          Trigger
          Event) owed to the Swap Provider pursuant to the Interest Rate Swap Agreement
          for such Distribution Date and for prior Distribution Dates. Any Swap
          Termination Payment triggered by a Swap Provider Trigger Event owed to
          the Swap
          Provider pursuant to the Interest Rate Swap Agreement will be subordinated
          to
          distributions to the Holders of the Class A, Class M and Class B Certificates
          and shall be paid as set forth in Section 4.01(e)(v).

        

        
          
            
            

          

          
            103

            
              

            

          

          
            
            

          

        

        (b) On
          each
          Distribution Date, the Trustee shall withdraw from the Certificate Account
          that
          portion of Available Distribution Amount for such Distribution Date consisting
          of the Interest Remittance Amount, if any, for such Distribution Date,
          and make
          the following disbursements and transfers in the order of priority described
          below, in each case to the extent of the Interest Remittance Amount for
          such
          Class for such Distribution Date:

        

        (i) to
          the
          Holders of the Class A Certificates, pro rata based on entitlement, the
          Monthly
          Interest Distributable Amount and any Unpaid Interest Shortfall Amount
          for each
          such Class for such Distribution Date; and

        

        (ii) from
          the
          remaining Interest Remittance Amount, sequentially to the Class M-1, Class
          M-2,
          Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8 and Class
          B
          Certificates, in that order, the Monthly Interest Distributable Amount
          for each
          such Class for such Distribution Date.

        

        (c) On
          each
          Distribution Date (i) prior to the Stepdown Date or (ii) on or after the
          Stepdown Date if a Trigger Event is in effect, the Trustee shall withdraw
          from
          the Certificate Account that portion of Available Distribution Amount for
          such
          Distribution Date consisting of an amount equal to the Principal Distribution
          Amount and distribute to the Holders of the Class A, Class M and Class
          B
          Certificates, distributions in respect of principal to the extent of the
          Principal Distribution Amount remaining for such Distribution Date:

        

        (i) concurrently
          on a pro rata basis, among (a) the Holders of the Class A-1, Class A-2
          and Class
          A-3 Certificates and (b) the Holders of the Class A-M Certificates (based
          on (1)
          the aggregate Certificate Principal Balance of the Class A-1, Class A-2
          and
          Class A-3 Certificates in the case of clause (a) and (2) the Certificate
          Principal Balance of the Class A-M Certificates in the case of clause (b)),
          with
          such amounts between (a) and (b) being further allocated as
          follows:

        

        (a) sequentially,
          to the Class A-1, Class A-2 and Class A-3 Certificates, in that order,
          until the
          Certificate Principal Balances of such Classes are reduced to zero; and
          

        

        
          
            
            

          

          
            104

            
              

            

          

          
            
            

          

        

        (b) to
          the
          Class A-M Certificates until the Certificate Principal Balance of such
          Class is
          reduced to zero; and

        

        (ii) from
          the
          remaining Principal Distribution Amount, sequentially, to the Class M-1,
          Class
          M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8 and
          Class
          B Certificates, in that order, in each case until the Certificate Principal
          Balances thereof have been reduced to zero.

        

        Except
          as
          provided below, on each distribution date (a) on or after the Stepdown
          Date and
          (b) on which a Trigger Event is not in effect, the Holders of each class
          of
          Class A, Class M and Class B Certificates shall be entitled to receive
          distributions in respect of principal to the extent of the Principal
          Distribution Amount in the following amounts and order of priority:

        

        (i) concurrently,
          in an amount up to the Class A Principal Distribution Amount, pro rata
          among (a)
          the Holders of the Class A-1, Class A-2 and Class A-3 Certificates and
          (b) the
          Holders of the Class A-M Certificates (based on (1) the aggregate Certificate
          Principal Balance of the Class A-1, Class A-2 and Class A-3 Certificates
          in the
          case of clause (a) and (2) the Certificate Principal Balance of the Class
          A-M
          Certificates in the case of clause (b)), with such amounts between (a)
          and (b)
          being further allocated as follows:

        

        (a) sequentially,
          to the Class A-1, Class A-2 and Class A-3 Certificates, in that order,
          until the
          Certificate Principal Balances of such Classes are reduced to zero; and
          

        

        (b) to
          the
          Class A-M Certificates until the Certificate Principal Balance of such
          Class is
          reduced to zero; and

        

        (ii) from
          the
          remaining Principal Distribution Amount, sequentially, to the Class M-1,
          Class
          M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8 and
          Class
          B Certificates, in that order, in an amount up to the Subordinated Class
          Principal Distribution Amount for each such Class, in each case until the
          Certificate Principal Balances thereof have been reduced to zero.

        

        (d) Notwithstanding
          the foregoing, to the extent any Net Swap Payment or Swap Termination Payment
          with respect to the Interest Rate Swap Agreement is payable from principal
          collections, Principal Distribution Amounts will be deemed paid to the
          most
          subordinate class of Certificates (other than the Class R Certificates
          and Class
          P Certificates), until the Certificate Principal Balance thereof has been
          reduced to zero. 

        

        (e) On
          each
          Distribution Date the Net Monthly Excess Cashflow shall be distributed
          in the
          following order of priority:

        

        
          
            
            

          

          
            105

            
              

            

          

          
            
            

          

        

        (i) from
          the
          portion of Net Monthly Excess Cashflow otherwise distributable to each
          of the
          Class C Certificates, to the Holders of the Class A, Class M and Class
          B
          Certificates then entitled to receive distributions in respect of principal,
          up
          to an amount equal to any Extra Principal Distribution Amount, payable
          to such
          Holders as part of the Principal Distribution Amount as described under
          Section
          4.01(c) above, as applicable;

        

        (ii) concurrently,
          to the Holders of the Class A Certificates, pro rata, up to an amount equal
          to
          any Allocated Realized Loss Amount for each such Class;

        

        (iii) sequentially,
          to the Holders of the Class M-1, Class M-2, Class M-3, Class M-4, Class
          M-5,
          Class M-6, Class M-7, Class M-8 and Class B Certificates, in that order,
          up to
          an amount equal to the sum of the Unpaid Interest Shortfall Amount and
          the
          Allocated Realized Loss Amount (such amount to be applied first to cover
          Unpaid
          Interest Shortfall Amount for such Class and second to cover Allocated
          Realized
          Loss Amount for such Class) for each such Class;

        

        (iv) from
          the
          portion of Net Monthly Excess Cashflow otherwise distributable to the Class
          C
          Certificates, to the Net WAC Shortfall Reserve Fund, (i) first, to pay
          the Class
          A, Class M and Class B Certificates, on a pro rata basis, based on the
          Certificate Principal Balances thereof, to the extent needed to pay any
          Net WAC
          Shortfall Amount for each such Class and to the extent such amount exceeds
          the
          amounts then on deposit in the Net WAC Shortfall Reserve Fund; provided
          that any
          Net Monthly Excess Cashflow remaining after such allocation to pay any
          such Net
          WAC Shortfall Amount based on the Certificate Principal Balances of the
          Class A,
          Class M and Class B Certificates will be distributed to each such Class
          of
          Certificates with respect to which there remains any unpaid Net WAC Shortfall
          Amount, pro rata, based on the amount of such unpaid Net WAC Shortfall
          Amount to
          the extent such amount exceeds the amounts then on deposit in the Net WAC
          Shortfall Reserve Fund, and (ii) second, to maintain a balance in the Net
          WAC
          Shortfall Reserve Fund equal to the Net WAC Shortfall Reserve Fund
          Deposit;

        

        (v) to
          the
          Supplemental Interest Trust for payment to the Swap Provider any Swap
          Termination Payments with respect to the Interest Rate Swap Agreement owed
          to
          the Swap Provider due to a Swap Provider Trigger Event not previously paid;
          

        

        (vi) to
          the
          Holders of the Class C Certificates, an amount equal to the Class C Distribution
          Amount, reduced by amounts distributed in clauses (i) and (iv) above;
          and

        

        (viii) to
          the
          Class R Certificates, any remaining amounts.

        

        (f) On
          or
          before each Distribution Date, the Trustee shall distribute from (i) the
          amounts
          received from the Swap Provider pursuant to the Interest Rate Swap Agreement
          in
          respect of any Net Swap Payment and (ii) amounts received from the Cap
          Counterparty pursuant to the Cap Contracts (other than any Derivative
          Termination Payments relating to such Cap Contract), in each case then
          on
          deposit in the Derivative Account and after distributions pursuant to Sections
          4.01(b) and 4.01(e)(i)-(iv), to the Class A, Class M and Class B Certificates
          in
          the following order of priority:

        

        
          
            
            

          

          
            106

            
              

            

          

          
            
            

          

        

        (i) concurrently
          to the Holders of the Class A Certificates, pro rata, based on entitlement,
          an
          amount equal to any Unpaid Interest Shortfall Amount for such Class or
          Classes,
          in each case solely to the extent the Unpaid Interest Shortfall Amount
          is as a
          result of the interest portion of Realized Losses;

        

        (ii) sequentially,
          to the Holders of the Class M-1, Class M-2, Class M-3, Class M-4, Class
          M-5,
          Class M-6, Class M-7, Class M-8 and Class B Certificates, in that order,
          up to
          an amount equal to any Unpaid Interest Shortfall Amount for such Class
          or
          Classes, in each case solely to the extent the Unpaid Interest Shortfall
          Amount
          is as a result of the interest portion of Realized Losses;

        

        (iii) to
          the
          Holders of the Class A, Class M and Class B Certificates, up to an amount
          equal
          to any portion of the Extra Principal Distribution Amount not covered by
          any Net
          Monthly Excess Cashflow on that Distribution Date and solely to the extent
          the
          payment of the Extra Principal Distribution Amount is as a result of current
          or
          prior period Realized Losses, to be included in the Principal Distribution
          Amount for that Distribution Date and payable to such Holders as part of
          the
          Principal Distribution Amount as described under Sections 4.01(c) above,
          as
          applicable;

        

        (iv) to
          the
          Net WAC Reserve Fund, (i) first, to pay Net WAC Shortfall Amounts to the
          Holders
          of the Class A, Class M and Class B Certificates, on a pro rata basis,
          based on
          the aggregate amount of Net WAC Shortfall Amounts for such Class(es) of
          Class A,
          Class M and Class B Certificates remaining unpaid and (ii) second, to maintain
          a
          balance in the Net WAC Shortfall Reserve Fund equal to the Net WAC Shortfall
          Reserve Fund Deposit;

        

        (v) to
          the
          Holders of the Class A Certificates, pro rata, up to an amount equal to
          any
          Allocated Realized Loss Amount for such Class or Classes; and

        

        (vi) sequentially
          to the Holders of the Class M-1, Class M-2, Class M-3, Class M-4, Class
          M-5,
          Class M-6, Class M-7, Class M-8 and Class B Certificates, in that order,
          up to
          an amount equal to any Allocated Realized Loss Amount for such Class or
          Classes.

        

        (g) On
          each
          Distribution Date, all amounts representing Prepayment Charges in respect
          of the
          Mortgage Loans received during the related Prepayment Period and identified
          on
          the Mortgage Loan Schedule attached as Exhibit H as belonging to the Class
          P
          Certificateholder and any Master Servicer Prepayment Charge Amounts paid
          by the
          Master Servicer during the related Prepayment Period will be withdrawn
          from the
          Certificate Account and distributed by the Trustee to the Holders of the
          Class P
          Certificates and shall not be available for distribution to the Holders
          of any
          other Class of Certificates. The payment of the foregoing amounts to the
          Holders
          of the Class P Certificates shall not reduce the Certificate Principal
          Balances
          thereof.

        

        
          
            
            

          

          
            107

            
              

            

          

          
            
            

          

        

        (h) Each
          distribution with respect to a Book-Entry Certificate shall be paid to
          the
          Depository, as Holder thereof, and the Depository shall be responsible
          for
          crediting the amount of such distribution to the accounts of its Depository
          Participants in accordance with its normal procedures. Each Depository
          Participant shall be responsible for disbursing such distribution to the
          Certificate Owners that it represents and to each indirect participating
          brokerage firm (a “brokerage firm” or “indirect participating firm”) for which
          it acts as agent. Each brokerage firm shall be responsible for disbursing
          funds
          to the Certificate Owners that it represents. None of the Trustee, the
          Depositor
          or the Master Servicer shall have any responsibility therefor except as
          otherwise provided by this Agreement or applicable law.

        

        (i) The
          Trustee, upon written direction of the Master Servicer, shall invest or
          cause
          the institution maintaining the Certificate Account to invest the funds
          in the
          Certificate Account in Permitted Investments designated in the name of
          the
          Trustee for the benefit of the Certificateholders, which shall mature not
          later
          than the Distribution Date next following the date of such investment and
          shall
          not be sold or disposed of prior to maturity. All income and gain realized
          from
          any such investment shall be for the benefit of the Master Servicer and
          shall be
          subject to its withdrawal or order from time to time. The amount of any
          losses
          incurred in respect of any such investments shall be deposited in the
          Certificate Account by the Master Servicer out of its own funds immediately
          as
          realized without any right of reimbursement.

        

        (j) Except
          as
          otherwise provided in Section 9.01, if the Master Servicer anticipates
          that a
          final distribution with respect to any Class of Certificates will be made
          on the
          next Distribution Date, the Master Servicer shall, no later than the 15th
          day of
          the month in the month of such final distribution (or if such 15th day
          is not a
          Business Day, the Business Day immediately preceding such 15th day), notify
          the
          Trustee and the Trustee shall, no later than two (2) Business Days after
          such
          date, mail on such date to each Holder of such Class of Certificates a
          notice to
          the effect that: (i) the Trustee anticipates that the final distribution
          with
          respect to such Class of Certificates will be made on such Distribution
          Date but
          only upon presentation and surrender of such Certificates at the office
          of the
          Trustee or as otherwise specified therein, and (ii) no interest shall accrue
          on
          such Certificates from and after the end of the prior calendar
          month.

        

        Any
          funds
          not distributed to any Holder or Holders of Certificates of such Class
          on such
          Distribution Date because of the failure of such Holder or Holders to tender
          their Certificates shall, on such date, be set aside and held in trust
          and
          credited to the account of the appropriate non-tendering Holder or Holders.
          If
          any Certificates as to which notice has been given pursuant to this Section
          4.01(j) shall not have been surrendered for cancellation within six months
          after
          the time specified in such notice, the Trustee shall mail a second notice
          to the
          remaining non-tendering Certificateholders to surrender their Certificates
          for
          cancellation in order to receive the final distribution with respect thereto.
          If
          within six months after the second notice all such Certificates shall not
          have
          been surrendered for cancellation, the Trustee shall take reasonable steps
          as
          directed by the Depositor, or appoint an agent to take reasonable steps,
          to
          contact the remaining non-tendering Certificateholders concerning surrender
          of
          their Certificates. The costs and expenses of maintaining the funds in
          trust and
          of contacting such Certificateholders shall be paid out of the assets remaining
          in the Trust Fund. If within nine months after the second notice any such
          Certificates shall not have been surrendered for cancellation, the Class
          R
          Certificateholders shall be entitled to all unclaimed funds and other assets
          which remain subject hereto. No interest shall accrue or be payable to
          any
          Certificateholder on any amount held in trust as a result of such
          Certificateholder's failure to surrender its Certificate(s) for final payment
          thereof in accordance with this Section 4.01(j).

        

        
          
            
            

          

          
            108

            
              

            

          

          
            
            

          

        

        Section
          4.02. Statements
          to Certificateholders.

        

        (a) On
          each
          Distribution Date, based, as applicable, on information provided to it
          by the
          Master Servicer, the Trustee shall prepare and make available on the Trustee’s
          website, which shall initially be located at “https://www.tss.db.com/invr”
(assistance in using the website can be obtained by calling the Trustee’s
          customer service desk at (800) 735-7777), to each Holder of the Regular
          Certificates, the Swap Provider, the Master Servicer and the Rating Agencies,
          a
          statement as to the distributions made on such Distribution Date setting
          forth
          the following:

        

        (i) the
          applicable record dates, accrual periods, determination dates for calculating
          distributions and general distributions dates;

        

        (ii) the
          total
          cash flows received and the general sources thereof;

        

        (iii) the
          amount of any Net Swap Payment and any amount from the Cap Contracts payable
          to
          the Supplemental Interest Trust, any Net Swap Payment payable to the Swap
          Provider, any Swap Termination Payment payable to the Supplemental Interest
          Trust and any Swap Termination Payment payable to the Swap
          Provider;

        

        (iv) 
          (A) the
          amount of the distribution made on such Distribution Date to the Holders
          of each
          Class of Regular Certificates, separately identified, allocable to principal
          and
          (B) the amount of the distribution made on such Distribution Date to the
          Holders
          of the Class P Certificates allocable to Prepayment Charges and Master
          Servicer
          Prepayment Charge Payment Amounts;

        

        (v) the
          amount of the distribution made on such Distribution Date to the Holders
          of each
          Class of Regular Certificates (other than the Class P Certificates) allocable
          to
          interest, separately identified;

        

        (vi) the
          Pass-Through Rate on each Class of Regular Certificates (other than the
          Class P
          Certificates) for such Distribution Date;

        

        (vii) the
          aggregate amount of Advances for such Distribution Date (including the
          general
          purpose of such Advances), the aggregate amount of unreimbursed Advances
          at the
          close of business on the Distribution Date, and the general source of funds
          for
          reimbursements;

        

        
          
            
            

          

          
            109

            
              

            

          

          
            
            

          

        

        (viii) the
          number and Aggregate Stated Principal Balance of the Mortgage Loans as
          of the
          end of the related Due Period;

        

        (ix) the
          Overcollateralization Release Amount and the Overcollateralization Deficiency
          Amount for such Distribution Date;

        

        (x) the
          aggregate Certificate Principal Balance of each Class of Regular Certificates
          after giving effect to the amounts distributed on such Distribution Date
          (in the
          case of each Class of the Class A, Class M and Class B Certificates, separately
          identifying any reduction thereof due to the allocation of Realized Losses
          thereto);

        

        (xi) the
          number and Stated Principal Balance of Mortgage Loans in respect of which
          (a)
          one Scheduled Payment is delinquent, (b) two Scheduled Payments are delinquent,
          (c) three or more Scheduled Payments are delinquent and (d) foreclosure
          proceedings have been commenced, in each case as of the end of the calendar
          month prior to such Distribution Date;

        

        (xii) the
          number, aggregate principal balance and book value of any REO Properties
          as of
          the close of business on the last day of the calendar month preceding the
          month
          in which such Distribution Date occurs;

        

        (xiii) the
          weighted average remaining term to maturity, weighted average Mortgage
          Rate and
          weighted average Net Mortgage Rate of the Mortgage Loans as of the close
          of
          business on the first day of the calendar month in which such Distribution
          Date
          occurs;

        

        (xiv) the
          aggregate amount of Principal Prepayments made during the related Prepayment
          Period;

        

        (xv) the
          aggregate amount of Realized Losses incurred during the related Prepayment
          Period and the cumulative amount of Realized Losses;

        

        (xvi) if
          applicable, material modifications, extensions or waivers to Mortgage Loan
          terms, fees, penalties or payments during the preceding calendar month
          or that
          have become material over time;

        

        (xvii) the
          aggregate amount of extraordinary Trust Fund expenses withdrawn from the
          Custodial Account or the Certificate Account for such Distribution
          Date;

        

        (xviii) the
          aggregate amount of any Prepayment Interest Shortfalls for such Distribution
          Date, to the extent not covered by payments by the Master Servicer or a
          Sub-Servicer pursuant to Section 3.23, and the aggregate amount of Relief
          Act
          Interest Shortfalls for such Distribution Date;

        

        (xix) the
          Monthly Interest Distributable Amount in respect of each Class of the Class
          A,
          Class M and Class B Certificates for such Distribution Date and the Unpaid
          Interest Shortfall Amount, if any, with respect to each Class of Class
          A, Class
          M and Class B Certificates for such Distribution Date;

        

        
          
            
            

          

          
            110

            
              

            

          

          
            
            

          

        

        (xx) (A)
          the
          Overcollateralization Target Amount, (B) the Overcollateralized Amount
          and (C)
          the amount, if any, by which the Overcollateralization Target Amount exceeds
          the
          Overcollateralized Amount, in each case after giving effect to the distribution
          made on the Regular Certificates on such Distribution Date;

        

        (xxi) the
          aggregate amount of servicing compensation received by the Master Servicer
          with
          respect to the related Due Period and such other customary information
          as the
          Trustee deems necessary or desirable, or which a Certificateholder reasonably
          requests, to enable Certificateholders to prepare their tax
          returns;

        

        (xxii) the
          aggregate of any deposits to and withdrawals from the Net WAC Shortfall
          Reserve
          Fund for such Distribution Date and the remaining amount on deposit in
          the Net
          WAC Shortfall Reserve Fund after such deposits and withdrawals;

        

        (xxiii) the
          Available Distribution Amount for such Distribution Date; 

        

        (xxiv) updated
          pool composition data including the following: average loan balance, weighted
          average mortgage rate, weighted average loan-to-value ratio at origination,
          weighted average FICO at origination, and weighted average remaining term;
          and

        

        (xxv) information
          about any additions of, substitutions for or removal of any Mortgage Loans
          from
          the Trust Fund, and any changes in the underwriting, acquisition or selection
          criteria as to any Mortgage Loans added to the Trust Fund.

        

        In
          the
          case of information furnished pursuant to subclauses (ii) and (iv) above,
          the
          amounts shall also be expressed as a dollar amount per Single
          Certificate.

        

        On
          each
          Distribution Date the Trustee shall provide Bloomberg Financial Markets,
          L.P.
          (“Bloomberg”) CUSIP level factors for each Class of Certificates as of such
          Distribution Date, using a format and media mutually acceptable to the
          Trustee
          and Bloomberg.

        

        Within
          a
          reasonable period of time after the end of each calendar year, the Trustee
          shall
          prepare and forward, to each Person who at any time during the calendar
          year was
          a Holder of a Certificate, a statement containing the information set forth
          in
          subclauses (ii) and (iv) above, aggregated for such calendar year or applicable
          portion thereof during which such person was a Certificateholder. Such
          obligation of the Trustee shall be deemed to have been satisfied to the
          extent
          that substantially comparable information shall be provided by the Trustee
          pursuant to any requirements of the Code and regulations thereunder as
          from time
          to time are in force.

        

        
          
            
            

          

          
            111

            
              

            

          

          
            
            

          

        

        On
          each
          Distribution Date the Trustee shall prepare and make available on the Trustee’s
          website (or deliver at the recipient's option), to each Holder of a Class
          R
          Certificate a copy of the reports forwarded to the other Certificateholders
          on
          such Distribution Date.

        

        Within
          a
          reasonable period of time after the end of each calendar year, the Trustee
          shall
          prepare and forward, to each Person who at any time during the calendar
          year was
          a Holder of a Class R Certificate a statement containing the information
          provided pursuant to the previous paragraph aggregated for such calendar
          year or
          applicable portion thereof during which such Person was a Certificateholder.
          Such obligation of the Trustee shall be deemed to have been satisfied to
          the
          extent that substantially comparable information shall be provided by the
          Trustee pursuant to any requirements of the Code as from time to time are
          in
          force.

        

        The
          location of the Trustee’s website and the procedures used therein are subject to
          change from time to time at the Trustee’s discretion. The Trustee shall have the
          right to change the way monthly distribution statement are distributed
          in order
          to make such distribution more convenient and/or more accessible to the
          above
          parties. The Trustee shall be entitled to conclusively rely on but shall
          not be
          responsible for the content or accuracy of any information provided by
          third
          parties for purposes of preparing the monthly statement, and may affix
          thereto
          any disclaimer it deems appropriate in its reasonable discretion (without
          suggesting liability on the part of any other party hereto). As a condition
          to
          access the Trustee’s website, the Trustee may require registration and the
          acceptance of a disclaimer. Notwithstanding anything to the contrary set
          forth
          in this Agreement, the parties hereto acknowledge that in connection with
          the
          Trustee’s preparation of the foregoing reports, the Trustee will rely solely
          upon the information provided to it in the Remittance Reports.

        

        Section
          4.03. Remittance
          Reports; Advances by the Master Servicer.

        

        (a) On
          the
          19th
          calendar
          day of the month (but in any event no later than the 21st calendar day
          of the
          month), the Master Servicer shall deliver to the Trustee a report, prepared
          as
          of the close of business on the Business Day preceding such Determination
          Date
          (the “Remittance Report”), in the form of an electromagnetic tape, disk or such
          other electronic format agreeable to both parties. The Remittance Report
          and any
          written information supplemental thereto shall include such information
          with
          respect to the Mortgage Loans that is required by the Trustee for purposes
          of
          making the calculations and preparing the statement described in Sections
          4.01
          and 4.02, as set forth in written specifications or guidelines issued by
          the
          Trustee from time to time. The Trustee shall have no obligation to recompute,
          recalculate or verify any information provided to it by the Master
          Servicer.

        

        
          
            
            

          

          
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        (b) The
          Master Servicer shall determine the aggregate amount of Advances required
          to be
          made for the related Distribution Date, which shall be in an aggregate
          amount
          equal to the sum of (1) the aggregate amount of Monthly Payments, other
          than
          Balloon Payments, (with each interest portion thereof adjusted to the Mortgage
          Rate less the sum of the Master Servicing Fee Rate, the Sub-Servicing Fee
          Rate
          and any applicable PMI Insurer Fee Rate, and less the amount of any reductions
          in the amount of interest collectable from the Mortgagor pursuant to the
          Relief
          Act, on the Outstanding Mortgage Loans as of the related Due Date, which
          Monthly
          Payments were delinquent as of the close of business as of the related
          Determination Date) plus (2) with respect to each Balloon Loan delinquent
          in
          respect of its Balloon Payment as of the close of business on the related
          Determination Date, an amount equal to the assumed Monthly Payment (net
          of the
          related Master Servicing Fees and Sub-Servicing Fees) that would have been
          due
          on the related Due Date based on the original principal amortization scheduled
          for such Balloon Loan until such Balloon Loan is finally liquidated; provided
          that no Advance shall be made if it would be a Nonrecoverable Advance.
          On or
          before 4:00 P.M. New York time on each Certificate Account Deposit Date,
          the
          Master Servicer shall either (i) deposit in the Certificate Account from
          its own
          funds, or funds received therefor from the Sub-Servicers, an amount equal
          to the
          Advances to be made by the Master Servicer or any Sub-Servicers in respect
          of
          the related Distribution Date, (ii) withdraw from amounts on deposit in
          the
          Custodial Account and deposit in the Certificate Account all or a portion
          of the
          amounts held for future distribution in discharge of any such Advance,
          or (iii)
          make advances in the form of any combination of (i) and (ii) aggregating
          the
          amount of such Advance. Any portion of the amounts held for future distribution
          so used shall be replaced by the Master Servicer (to the extent not previously
          replaced by late collections of Monthly Payments in respect of which such
          Advance was made) by deposit in the Certificate Account on or before 1:00
          P.M.
          New York time on any future Certificate Account Deposit Date to the extent
          that
          funds attributable to the Mortgage Loans that are available in the Custodial
          Account for deposit in the Certificate Account on such Certificate Account
          Deposit Date shall be less than payments to Certificateholders required
          to be
          made on the following Distribution Date. The amount of any reimbursement
          pursuant to Section 3.11 in respect of outstanding Advances on any Distribution
          Date shall be allocated to specific Monthly Payments due but delinquent
          for
          previous Due Periods, which allocation shall be made, to the extent practicable,
          to Monthly Payments which have been delinquent for the longest period of
          time.
          Such allocations shall be conclusive for purposes of reimbursement to the
          Master
          Servicer from recoveries on related Mortgage Loans pursuant to Section
          3.11. The
          determination by the Master Servicer that it has made a Nonrecoverable
          Advance
          or that any proposed Advance, if made, would constitute a Nonrecoverable
          Advance, shall be evidenced by a certificate of a Servicing Officer delivered
          to
          the Sponsor and the Trustee with the Remittance Report. The Trustee shall
          deposit all funds it receives pursuant to this Section 4.03 into the Certificate
          Account.

        

        (c) In
          the
          event that the Master Servicer determines as of any Certificate Account
          Deposit
          Date that it will be unable to deposit in the Certificate Account an amount
          equal to the Advance required to be made for the immediately succeeding
          Distribution Date in the amount determined by the Master Servicer pursuant
          to
          paragraph (b) above, it shall give notice to the Trustee of its inability
          to
          Advance (such notice may be given by telecopy), not later than 4:00 P.M.,
          New
          York time, on such date, specifying the portion of such amount that it
          will be
          unable to deposit. Not later than 4:00 P.M., New York time, on the earlier
          of
          (x) two Business Days following such Certificate Account Deposit Date or
          (y) the
          Business Day preceding the related Distribution Date, unless by such time
          the
          Master Servicer shall have directly or indirectly deposited in the Certificate
          Account the entire amount of the Advances required to be made for the related
          Distribution Date, pursuant to Section 7.01, the Trustee shall (a) terminate
          all
          of the rights and obligations of the Master Servicer under this Agreement
          in
          accordance with Section 7.01 and (b) assume the rights and obligations
          of the
          Master Servicer hereunder, including the obligation to deposit in the
          Certificate Account an amount equal to the Advance for the immediately
          succeeding Distribution Date.

        

        
          
            
            

          

          
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        The
          Master Servicer and the Sub-Servicer shall in all cases have a right prior
          to
          the Certificateholders to any particular funds on deposit in the Custodial
          Account from time to time for the reimbursement or payment of its Servicing
          Fee,
          Advances, Servicing Advances and any amounts reimbursable thereto in accordance
          with Section 3.11 of this Agreement, but only if and to the extent such
          amounts
          are to be reimbursed or paid from such particular funds on deposit in the
          Custodial Account pursuant to the express terms of this Agreement.

        

        Section
          4.04. Distributions
          on the REMIC Regular Interests.

        

        (a) On
          each
          Distribution Date, the Trustee shall cause the following amounts, in the
          following order of priority, to be distributed by REMIC 1 to REMIC 2 on
          account
          of the REMIC 1 Regular Interests or withdrawn from the Certificate Account
          and
          distributed to the Holders of the Class R Certificates (in respect of the
          Class
          R-1 Interest), as the case may be:

        

        (i) from
          the
          Available Distribution Amount for such Distribution Date, determined without
          regard to clause (ii)(2) of the definition thereof, to holders of the REMIC
          1
          Regular Interests, pro
          rata,
          in an
          amount equal to (A) the Uncertificated Accrued Interest for such REMIC
          1 Regular
          Interests for such Distribution Date, plus (B) any amounts payable in respect
          thereof remaining unpaid from previous Distribution Dates; 

        

        (ii) from
          the
          Available Distribution Amount for such Distribution Date, determined without
          regard to clause (ii)(2) of the definition thereof, remaining after the
          distribution made pursuant to clause (i) above, first, to the holders of
          REMIC 1
          Regular Interest OC, until the Uncertificated Principal Balance thereof
          is
          reduced to zero, and second, to holders of REMIC 1 Regular Interests 1-1-A
          through 1-58-B, starting with the lowest numerical denomination, until
          the
          Uncertificated Principal Balance of each such REMIC 1 Regular Interest
          is
          reduced to zero, provided that, for REMIC 1 Regular Interests with the
          same
          numerical denomination, such payments of principal shall be allocated
pro
          rata
          between
          such REMIC 1 Regular Interests; 

        

        (iii) to
          holders of REMIC 1 Regular Interest P, (A) all amounts representing Prepayment
          Charges received during the related Prepayment Period that are identified
          as
          belonging to the Class P Certificates on the attached Mortgage Loan Schedule,
          and (B) on the Distribution Date immediately following the expiration of
          the
          latest Prepayment Charge as identified as belonging to the Class P Certificates
          on the attached Mortgage Loan Schedule or any Distribution Date thereafter,
          any
          remaining Available Distribution Amount, until an amount equal to the initial
          Uncertificated Principal Balance of such REMIC 1 Regular Interest has been
          distributed pursuant to this clause; and

        

        
          
            
            

          

          
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        (iv) any
          remaining amount to the Holders of the Class R Certificates (in respect
          of the
          Class R-1 Interest).

        

        (b) On
          each
          Distribution Date, the following amounts, in the following order of priority,
          shall be distributed by REMIC 2 to REMIC 3 on account of the REMIC 2 Regular
          Interests or withdrawn from the Certificate Account and distributed to
          the
          Holders of the Class R Certificates (in respect of the Class R-2 Interest),
          as
          the case may be:

        

        (i) from
          the
          Available Distribution Amount for such Distribution Date, determined without
          regard to clause (ii)(2) of the definition thereof, to holders of REMIC
          2
          Regular Interest IO, in an amount equal to (A) the Uncertificated Accrued
          Interest for such REMIC 2 Regular Interest for such Distribution Date,
          plus (B)
          any amounts in respect thereof remaining unpaid from previous Distribution
          Dates; 

        

        (ii) to
          the
          extent of the Available Distribution Amount for such Distribution Date,
          determined without regard to clause (ii)(2) of the definition thereof,
          remaining
          after the distribution pursuant to clause (i), to holders of each REMIC
          2
          Regular Interest (other than REMIC 2 Regular Interest IO), pro
          rata,
          in an
          amount equal to (A) the Uncertificated Accrued Interest for such REMIC
          2 Regular
          Interest for such Distribution Date, plus (B) any amounts in respect thereof
          remaining unpaid from previous Distribution Dates. Amounts payable as
          Uncertificated Accrued Interest in respect of REMIC 2 Regular Interest
          ZZ and
          REMIC 2 Regular Interest P shall be reduced when the REMIC 2 Overcollateralized
          Amount is less than the REMIC 2 Overcollateralization Target Amount, by
          the
          lesser of (x) the amount of such difference and (y) the Maximum Uncertificated
          Accrued Interest Deferral Amount, and such amount will be payable to holders
          of
          each REMIC 2 Regular Interest for which a Class A, Class M or Class B
          Certificate is the Corresponding Certificate in the same proportion as
          the Extra
          Principal Distribution Amount is allocated to the Corresponding Certificates
          for
          each such REMIC 2 Regular Interest, and the Uncertificated Principal Balance
          of
          REMIC 2 Regular Interest ZZ shall be increased by such amount;

        

        (iii) to
          the
          extent of the Available Distribution Amount for such Distribution Date,
          determined without regard to clause (ii)(2) of the definition thereof,
          remaining
          after the distributions pursuant to clauses (i) and (ii), to holders of
          REMIC 2
          Regular Interests (other than REMIC 2 Regular Interest IO and P), allocated
          as
          follows:

        

        (A) 98.00%
          of
          such remainder to holders of REMIC 2 Regular Interest AA, until the
          Uncertificated Principal Balance of such REMIC 2 Regular Interest is reduced
          to
          zero; and

        

        
          
            
            

          

          
            115

            
              

            

          

          
            
            

          

        

        (B) 2.00%
          of
          such remainder, first, to holders of each REMIC 2 Regular Interest for
          which a
          Class A, Class M or Class B Certificate is the Corresponding Certificate,
          in an
          aggregate amount equal to 1% of and in the same proportion as principal
          payments
          are allocated to the Corresponding Certificates for each such REMIC 2 Regular
          Interest, until the Uncertificated Principal Balances of such REMIC 2 Regular
          Interests are reduced to zero; and second, to the holders of REMIC 2 Regular
          Interest ZZ, until the Uncertificated Principal Balance of such REMIC 2
          Regular
          Interest is reduced to zero; 

        

        (iv) to
          holders of REMIC 2 Regular Interest P, (A) all amounts representing Prepayment
          Charges distributed on REMIC 1 Regular Interest P, and (B) on the Distribution
          Date immediately following the expiration of the latest Prepayment Charge
          as
          identified as belonging to the Class P Certificates on the attached Mortgage
          Loan Schedule or any Distribution Date thereafter, any remaining Available
          Distribution Amount distributed in respect of REMIC 1 Regular Interest
          P, until
          an amount equal to the initial Uncertificated Principal Balance of such
          REMIC 2
          Regular Interest has been distributed pursuant to this clause; and

        

        (v) any
          remaining amount to the Holders of the Class R Certificates (in respect
          of the
          Class R-3 Interest).

        

        (c) On
          each
          Distribution Date, interest shall be deemed payable from REMIC 3 to the
          holders
          of each REMIC 3 Regular Interest the ownership of which is represented
          by the
          Class A, Class M and Class B Certificates at a pass-through rate equal
          to the
          lesser of (i) the Pass-Through Rate for the Corresponding Certificate determined
          without regard to the related Net WAC Rate and (ii) the Net WAC Rate for
          the
          REMIC 3 Regular Interest the ownership of which is represented by the
          Corresponding Certificate for such Distribution Date, in each case on a
          principal balance equal to the Certificate Principal Balance of the
          Corresponding Certificate for such Distribution Date. For the avoidance
          of
          doubt, principal shall be payable to, and shortfalls, losses and prepayments
          shall be allocable to, the REMIC 3 Regular Interests the ownership of which
          is
          represented by the Class A, Class M and Class B Certificates as such amounts
          are
          payable and allocable to the Corresponding Certificates.

        

        (d) On
          each
          Distribution Date, a portion of the amounts distributed pursuant to Sections
          4.01(e)(i), (iv) and (vi) on such date shall be deemed distributed from
          REMIC 3
          to Holders of the Class C Certificates in respect of the Class C Distribution
          Amount.

        

        (e) On
          each
          Distribution Date, 100% of the amounts deemed distributed on REMIC 2 Regular
          Interest IO shall be deemed distributed by REMIC 3 in respect of the Class
          IO
          Interest for deposit into the Supplemental Interest Trust. 

        

        
          
            
            

          

          
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        Section
          4.05. Allocation
          of Realized Losses.

        

        (a) All
          Realized Losses on the Mortgage Loans shall be allocated by the Trustee
          on each
          Distribution Date as follows: first, to Net Monthly Excess Cashflow, through
          a
          distribution of the Extra Principal Distribution Amount for that Distribution
          Date; second, to the Overcollateralized Amount by a reduction of the Certificate
          Principal Balance of the Class C Certificates, until the Certificate Principal
          Balance thereof has been reduced to zero; third, to the Class B Certificates,
          until the Certificate Principal Balance thereof has been reduced to zero;
          second, to the Class M-8 Certificates, until the Certificate Principal
          Balance
          thereof has been reduced to zero; third, to the Class M-7 Certificates,
          until
          the Certificate Principal Balance thereof has been reduced to zero; fourth,
          to
          the Class M-6 Certificates, until the Certificate Principal Balance thereof
          has
          been reduced to zero; fifth, to the Class M-5 Certificates, until the
          Certificate Principal Balance thereof has been reduced to zero; sixth,
          to the
          Class M-4 Certificates, until the Certificate Principal Balance thereof
          has been
          reduced to zero; seventh, to the Class M-3 Certificates, until the Certificate
          Principal Balance thereof has been reduced to zero; eighth, to the Class
          M-2
          Certificates, until the Certificate Principal Balance thereof has been
          reduced
          to zero; and ninth to the Class M-1 Certificates, until the Certificate
          Principal Balance thereof has been reduced to zero; thereafter, any Realized
          Losses on the Mortgage Loans will be allocated on any Distribution Date
          first to
          the Class A-M Certificates until its Certificate Principal Balance has
          been
          reduced to zero and second to the Class A-1, Class A-2 and Class A-3
          Certificates, on a pro rata basis, based on the Certificate Principal Balances
          thereof, in each case in reduction of the Certificate Principal Balances
          thereof, until reduced to zero.

        

        (b) Any
          allocation of Realized Losses to a Class A, Class M and Class B Certificate
          on
          any Distribution Date shall be made by reducing the Certificate Principal
          Balance thereof by the amount so allocated. Any allocation of Realized
          Losses to
          Net Monthly Excess Cashflow shall be made by reducing the amount otherwise
          payable in respect of the Class C Certificates pursuant to Section 4.01(e)(vi),
          and any allocation of Realized Losses to the Overcollateralized Amount
          shall be
          made by reducing the Certificate Principal Balance of the Class C Certificates
          by the amount so allocated. 

        

        (c) All
          Realized Losses on the Mortgage Loans shall be allocated on each Distribution
          Date, first, to REMIC 1 Regular Interest OC, until the Uncertificated Principal
          Balance thereof has been reduced to zero, and second, to REMIC 1 Regular
          Interest I-1-A through REMIC 1 Regular Interest 1-58-B, starting with the
          lowest
          numerical denomination, until the Uncertificated Principal Balance of each
          such
          REMIC 1 Regular Interest has been reduced to zero, provided that, for REMIC
          1
          Regular Interests with the same numerical denomination, such Realized Losses
          shall be allocated pro rata between such REMIC 1 Regular Interests, and
          third,
          to REMIC 1 Regular Interest P until the Uncertificated Principal Balance
          thereof
          has been reduced to zero.

        

        
          
            
            

          

          
            117

            
              

            

          

          
            
            

          

        

        (d) All
          Realized Losses on the Mortgage Loans shall be allocated by the Trustee
          on each
          Distribution Date to the following REMIC 2 Regular Interests in the specified
          percentages, as follows: first, to Uncertificated Accrued Interest payable
          to
          the REMIC 2 Regular Interest AA and REMIC 2 Regular Interest ZZ up to an
          aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount (without
          duplication of shortfalls allocated pursuant to Section 1.03), 98.00% and
          2.00%,
          respectively, and to the extent of any amount equal to the REMIC 2 Interest
          Loss
          Allocation Amount remaining after the foregoing allocations to REMIC 2
          Regular
          Interests AA and ZZ, to Uncertificated Accrued Interest payable to REMIC
          2
          Regular Interest P to the extent of such remaining amount; second, to the
          Uncertificated Principal Balances of the REMIC 2 Regular Interest AA and
          REMIC 2
          Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Principal
          Loss Allocation Amount, 98.00% and 2.00%, respectively; third, to the
          Uncertificated Principal Balances of REMIC 2 Regular Interest AA, REMIC
          2
          Regular Interest B and REMIC 2 Regular Interest ZZ, 98.00%, 1.00% and 1.00%,
          respectively, until the Uncertificated Principal Balance of REMIC 2 Regular
          Interest B has been reduced to zero; fourth, to the Uncertificated Principal
          Balances of REMIC 2 Regular Interest AA, REMIC 2 Regular Interest M-8 and
          REMIC
          2 Regular Interest ZZ, 98.00%, 1.00% and 1.00%, respectively, until the
          Uncertificated Principal Balance of REMIC 2 Regular Interest M-8 has been
          reduced to zero; fifth, to the Uncertificated Principal Balances of REMIC
          2
          Regular Interest AA, REMIC 2 Regular Interest M-7 and REMIC 2 Regular Interest
          ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal
          Balance of REMIC 2 Regular Interest M-7 has been reduced to zero; sixth,
          to the
          Uncertificated Principal Balances of REMIC 2 Regular Interest AA, REMIC
          2
          Regular Interest M-6 and REMIC 2 Regular Interest ZZ, 98.00%, 1.00% and
          1.00%,
          respectively, until the Uncertificated Principal Balance of REMIC 2 Regular
          Interest M-6 has been reduced to zero; seventh, to the Uncertificated Principal
          Balances of REMIC 2 Regular Interest AA, REMIC 2 Regular Interest M-5 and
          REMIC
          2 Regular Interest ZZ, 98.00%, 1.00% and 1.00%, respectively, until the
          Uncertificated Principal Balance of REMIC 2 Regular Interest M-5 has been
          reduced to zero; eighth, to the Uncertificated Principal Balances of REMIC
          2
          Regular Interest AA, REMIC 2 Regular Interest M-4 and REMIC 2 Regular Interest
          ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal
          Balance of REMIC 2 Regular Interest M-4 has been reduced to zero; ninth,
          to the
          Uncertificated Principal Balances of REMIC 2 Regular Interest AA, REMIC
          2
          Regular Interest M-3 and REMIC 2 Regular Interest ZZ, 98.00%, 1.00% and
          1.00%,
          respectively, until the Uncertificated Principal Balance of REMIC 2 Regular
          Interest M-3 has been reduced to zero; tenth, to the Uncertificated Principal
          Balances of REMIC 2 Regular Interest AA, REMIC 2 Regular Interest M-2 and
          REMIC
          2 Regular Interest ZZ, 98.00%, 1.00% and 1.00%, respectively, until the
          Uncertificated Principal Balance of REMIC 2 Regular Interest M-2 has been
          reduced to zero; eleventh, to the Uncertificated Principal Balances of
          REMIC 2
          Regular Interest AA, REMIC 2 Regular Interest M-1 and REMIC 2 Regular Interest
          ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal
          Balance of REMIC 2 Regular Interest M-1 has been reduced to zero; twelfth,
          to
          the Uncertificated Principal Balances of REMIC 2 Regular Interest AA, REMIC
          2
          Regular Interest A-M and REMIC 2 Regular Interest ZZ, 98.00%, 1.00% and
          1.00%,
          respectively, until the Uncertificated Principal Balance of REMIC 2 Regular
          Interest A-M has been reduced to zero; and thirteen, to the Uncertificated
          Principal Balance of REMIC 2 Regular Interests AA, 98.00%, to the Uncertificated
          Principal Balances of REMIC 2 Regular Interests A-1, A-2 and A-3, 1.00%
          pro
          rata, and to the Uncertificated Principal Balance of REMIC 2 Regular Interest
          ZZ, 1.00%, until the Uncertificated Principal Balances of such REMIC 2
          Regular
          Interests A-1, A-2 and A-3 have been reduced to zero.

        

        
          
            
            

          

          
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        Section
          4.06. Information
          Reports to Be Filed by the Master Servicer.

        

        The
          Master Servicer or the Sub-Servicers shall file information reports with
          respect
          to the receipt of mortgage interest received in a trade or business,
          foreclosures and abandonments of any Mortgaged Property and the information
          returns relating to cancellation of indebtedness income with respect to
          any
          Mortgaged Property required by Sections 6050H, 6050J and 6050P of the Code,
          respectively, and deliver to the Trustee an Officers’ Certificate stating that
          such reports have been filed. Such reports shall be in form and substance
          sufficient to meet the reporting requirements imposed by such Sections
          6050H,
          6050J and 6050P of the Code.

        

        Section
          4.07. Compliance
          with Withholding Requirements.

        

        Notwithstanding
          any other provision of this Agreement, the Trustee shall comply with all
          federal
          withholding requirements respecting payments to Certificateholders of interest
          or original issue discount on the Mortgage Loans, that the Trustee reasonably
          believes are applicable under the Code. The consent of Certificateholders
          shall
          not be required for such withholding. In the event the Trustee withholds
          any
          amount from interest or original issue discount payments or advances thereof
          to
          any Certificateholder pursuant to federal withholding requirements, the
          Trustee
          shall, together with its monthly report to such Certificateholders pursuant
          to
          Section 4.02 hereof, indicate such amount withheld.

        

        Section
          4.08. Net
          WAC
          Shortfall Reserve Fund.

        

        (a) On
          the
          Closing Date, the Trustee shall establish and maintain in its name, in
          trust for
          the benefit of Class A, Class M and Class B Certificates, the Net WAC Shortfall
          Reserve Fund. In addition, on the Closing Date, the Depositor shall deposit
          into
          the Net WAC Shortfall Reserve Fund an amount equal to the Net WAC Shortfall
          Reserve Fund Deposit. On each Distribution Date as to which there is a
          Net WAC
          Shortfall Amount payable to any Class of Class A, Class M and Class B
          Certificates, the Trustee shall deposit the amounts distributable pursuant
          to
          clause (iv) of Section 4.01(e) into the Net WAC Shortfall Reserve Fund,
          and the
          Trustee has been directed by the Holders of the Class C Certificates to
          distribute amounts then on deposit in the Net WAC Shortfall Reserve Fund
          to the
          Holders of the Class A, Class M and Class B Certificates in respect of
          the Net
          WAC Shortfall Amounts in the priorities set forth in clause (iv) of Section
          4.01(e). Any amount paid to the Holders of any Class A, Class M and Class
          B
          Certificates pursuant to the preceding sentence in respect of Net WAC Shortfall
          Amounts from amounts distributable pursuant to clause (iv) of Section 4.01(e)
          shall be treated as distributed to the Holders of the Class C Certificates
          and
          paid by such Holders to the Holders of such Class A, Class M and Class
          B
          Certificates. Any payments to the Holders of the Class A, Class M and Class
          B
          Certificates in respect of Net WAC Shortfall Amounts pursuant to the second
          preceding sentence shall not be payments with respect to a Regular Interest
          in a
          REMIC within the meaning of Code Section 860G(a)(1).

        

        
          
            
            

          

          
            119

            
              

            

          

          
            
            

          

        

        (b) The
          Net
          WAC Shortfall Reserve Fund is an “outside reserve fund” within the meaning of
          Treasury Regulation Section 1.860G-2(h) and shall be an asset of the Trust
          Fund
          but not an asset of any REMIC. The Trustee on behalf of the Trust shall
          be the
          nominal owner of the Net WAC Shortfall Reserve Fund. The Holders of the
          Class C
          Certificates shall be the beneficial owners of the Net WAC Shortfall Reserve
          Fund, subject to the power of the Trustee to transfer amounts under Section
          4.01. Amounts in the Net WAC Shortfall Reserve Fund shall, at the written
          direction of the Holders of the Class C Certificates be invested in Permitted
          Investments that mature no later than the Business Day prior to the next
          succeeding Distribution Date. In the absence of such written direction,
          all
          funds in the Net WAC Shortfall Reserve Fund shall remain uninvested. All
          net
          income and gain from such investments shall be distributed to the Holders
          of the
          Class C Certificates not as a distribution in respect of any interest in
          any
          REMIC, on each such Distribution Date. All amounts earned on amounts on
          deposit
          in the Net WAC Shortfall Reserve Fund shall be taxable to the Holders of
          the
          Class C Certificates. Any losses on such investments shall be deposited
          in the
          Net WAC Shortfall Reserve Fund by the Holders of the Class C Certificates
          out of
          their own funds immediately as realized.

        

        Section
          4.09. Supplemental
          Interest Trust.

        

        (i) As
          of the
          Closing Date, the Trustee, as Supplemental Interest Trust Trustee, is directed
          to enter into the Interest Rate Swap Agreement and the Cap Contracts and
          shall
          establish and maintain in the name of the Supplemental Interest Trust Trustee,
          the Supplemental Interest Trust for the benefit of the Swap Provider and
          the
          Holders of the Class A, Class M, Class B and Class C Certificates. The
          Supplemental Interest Trust shall hold the Interest Rate Swap Agreement,
          the
          Class IO Interest, the Cap Contracts, the Collateral Account and the Derivative
          Account. The Trustee shall establish an Eligible Account (the “Derivative
          Account”) into which the Depositor shall deposit $1,000 on the Closing Date.
          Funds on deposit in the Derivative Account shall be held separate and apart
          from, and shall not be commingled with, any other moneys, including, without
          limitation, other moneys of the Trustee or held pursuant to this
          Agreement.

        

        (ii) On
          each
          Distribution Date, the Trustee shall deposit into the Derivative Account
          amounts
          distributable to the Supplemental Interest Trust pursuant to Sections 4.01(a)
          (fourth paragraph) and 4.01(e)(v) of this Agreement. In addition, the Trustee
          shall deposit into the Derivative Account for payment to the Swap Provider
          the
          Swap Optional Termination Payment (which shall include any related Net
          Swap
          Payment payable to the Swap Provider) payable under Section 9.01. On each
          Distribution Date, the Trustee shall distribute any such amounts to the
          Swap
          Provider pursuant to the Interest Rate Swap Agreement, first to pay any
          Net Swap
          Payment owed to the Swap Provider for such Distribution Date or remaining
          unpaid
          from prior Distribution Dates, and second to pay any Swap Termination Payment
          owed to the Swap Provider for such Distribution Date or remaining unpaid
          from
          prior Distribution Dates.

        

        
          
            
            

          

          
            120

            
              

            

          

          
            
            

          

        

        (iii) On
          each
          Distribution Date, the Trustee, as Supplemental Interest Trust Trustee,
          shall
          deposit into the Derivative Account amounts received by the Supplemental
          Interest Trust (x) under the Interest Rate Swap Agreement from the Swap
          Provider
          and (y) under the Cap Contracts from the Cap Counterparty (other than Derivative
          Termination Payments related to any Cap Contract). On each Distribution
          Date,
          the Trustee shall, and the Trustee has been directed by the Holders of
          the Class
          C Certificates to, distribute from the Derivative Account an amount equal
          to the
          amount of any Net Swap Payment or Swap Termination Payment received from
          the
          Swap Provider under the Interest Rate Swap Agreement and payments received
          from
          the Cap Counterparty under the Cap Contracts (other than Derivative Termination
          Payments related to any Cap Contract), in the following order of
          priority:

        

        (a) first,
          an
          amount equal to the aggregate amount required under Section 4.01(f) to
          be
          distributed on such Distribution Date, to the Class A, Class M and Class
          B
          Certificateholders in accordance with Section 4.01(f) of this Agreement,
          and

        

        (b) second,
          any
          remainder, to the holder of the Class C Certificates.

        

        (iv) The
          Supplemental Interest Trust constitutes an “outside reserve fund” within the
          meaning of Treasury Regulation Section 1.860G-2(h) and shall not be an
          asset of
          any REMIC. The Holders of the Class C Certificates shall be the beneficial
          owner
          of the Supplemental Interest Trust, subject to the power of the Trustee
          to
          transfer amounts under this Agreement. The Trustee shall keep records that
          accurately reflect the funds on deposit in the Derivative Account. The
          Trustee
          shall, at the written direction of the Holders of the Class C Certificates,
          invest amounts on deposit in the Supplemental Interest Trust in Permitted
          Investments that mature no later than the Business Day prior to the next
          succeeding Distribution Date. In the absence of such written direction,
          all
          funds in the Supplemental Interest Trust shall remain uninvested. On each
          Distribution Date, the Trustee shall distribute, not as a distribution
          in
          respect of any interest in any REMIC, any income or gain earned on the
          invested
          assets in the Supplemental Interest Trust to the Holders of the Class C
          Certificates. All amounts earned on amounts on deposit in the Supplemental
          Interest Trust shall be taxable to the Holders of the Class C Certificates.
          Any
          losses on such investments shall be deposited in the Supplemental Interest
          Trust
          by the Holders of the Class C Certificates, out of their own funds immediately
          as realized. 

        

        (v) For
          federal income tax purposes, amounts paid to the Supplemental Interest
          Trust on
          each Distribution Date pursuant to Section 4.01(a) (first and second sentences
          of the fourth paragraph) for payment to the Swap Provider with respect
          to the
          Interest Rate Swap Agreement shall first be deemed to be paid to the
          Supplemental Interest Trust in respect of the Class IO Interest to the
          extent of
          the amount distributable on such Class IO Interest on such Distribution
          Date,
          and shall then be deemed to be paid to the Supplemental Interest Trust
          in
          respect of a Class IO Distribution Amount as described below.

        

        
          
            
            

          

          
            121

            
              

            

          

          
            
            

          

        

        (vi) The
          Trustee shall treat the Holders of the Class A, Class M and Class B Certificates
          as having entered into a notional principal contract with respect to the
          Holders
          of the Class C Certificates. Pursuant to each such notional principal contract,
          all Holders of the Class A, Class M and Class B Certificates shall be treated
          as
          having agreed to pay, on each Distribution Date, to the Holder of the Class
          C
          Certificates an aggregate amount equal to the excess, if any, of (i) the
          amount
          payable on such Distribution Date on the REMIC 3 Regular Interest corresponding
          to such Class of Certificates over (ii) the amount payable on such Class
          of
          Certificates on such Distribution Date (such excess, a “ Class IO Distribution
          Amount”). A Class IO Distribution Amount payable from interest collections shall
          be allocated pro
          rata
          among
          such Certificates based on the excess of, with respect to each such Certificate,
          (i) the amount of interest otherwise payable to the REMIC 3 Regular Interest
          relating to such Certificate over (ii) the amount of interest payable to
          such
          Certificate at a per annum rate equal to the Net WAC Rate, and a Class
          IO
          Distribution Amount payable from principal collections shall be allocated
          to the
          most subordinate Class of the Class A, Class M, Class B and Class C Certificates
          with an outstanding principal balance to the extent of such balance. In
          addition, pursuant to such notional principal contract, the Holder of the
          Class-C Certificates shall be treated as having agreed to pay Net WAC Shortfall
          Amounts to the Holders of the Class A, Class M and Class B Certificates
          from
          amounts received by the Supplemental Interest Trust pursuant to the Interest
          Rate Swap Agreement in accordance with the terms of this Agreement. Any
          payments
          deemed to be received by Holders of the Class A, Class M, Class B and Class
          C
          Certificates pursuant to this notional principal contract shall not be
          payments
          with respect to a Regular Interest in a REMIC within the meaning of Section
          860G(a)(1) of the Code. However, any payment from the Class A, Class M
          and Class
          B Certificates of a Class IO Distribution Amount shall be treated for tax
          purposes as having been received by the Holders of such Certificates in
          respect
          of their interests in REMIC 3 and as having been paid by such Holders to
          the
          Supplemental Interest Trust pursuant to the notional principal contract.
          Thus,
          each Class A, Class M, Class B and Class C Certificate shall be treated
          as
          representing not only ownership of a Regular Interest in REMIC 3, but also
          ownership of an interest in, and obligations with respect to, a notional
          principal contract.

        

        (vii) (a) Upon
          designation of an early termination date with respect to a Derivative Contract
          other than in connection with a Optional Termination, the Trustee, as
          Supplemental Interest Trust Trustee, at the written direction of the Depositor
          will use reasonable efforts to appoint a successor derivative counterparty
          to
          enter into a new derivative contract on terms substantially similar to
          such
          Derivative Contract with a derivative counterparty meeting all applicable
          eligibility requirements. The Trustee, as Supplemental Interest Trust Trustee
          will apply any Derivative Termination Payment received from the original
          derivative counterparty in connection with the early termination of such
          Derivative Contract to the upfront payment required to appoint the successor
          derivative counterparty.

        

        If
          a
          successor derivative counterparty is not appointed within 30 days of such
          early
          termination, then the Trustee, as Supplemental Interest Trust Trustee will
          deposit any Derivative Termination Payment received from the original derivative
          counterparty in connection with the early termination of such Derivative
          Contract into a separate, non-interest bearing reserve account and will,
          on each
          subsequent Distribution Date, withdraw from the amount then remaining on
          deposit
          in such reserve account an amount equal to the payment, if any, that would
          have
          been paid to the Supplemental Interest Trust Trustee by the original derivative
          counterparty calculated in accordance with the terms of the related Derivative
          Contract, and distribute such amount in accordance with the terms of this
          Agreement.

        

        
          
            
            

          

          
            122

            
              

            

          

          
            
            

          

        

        (b) In
          the
          event that the derivative counterparty under a Derivative Contract fails
          to
          perform any of its obligations under such Derivative Contract (including,
          without limitation, its obligation to make any payment or transfer collateral),
          or breaches any of its representations and warranties thereunder, or in
          the
          event that any Event of Default, Termination Event, or Additional Termination
          Event (each as defined in the related Derivative Contract) occurs with
          respect
          to such Derivative Contract, the Trustee, as Supplemental Interest Trust
          Trustee
          shall, promptly following actual notice of such failure, breach or event,
          notify
          the Depositor and send any notices and make any demands, on behalf of the
          Supplemental Interest Trust, required to enforce the rights of the Supplemental
          Interest Trust under such Derivative Contract.

        

        In
          the
          event that a derivative counterparty’s obligations are guaranteed by a third
          party under a guaranty relating to a Derivative Contract (such guaranty
          a “
Guaranty” and such third party a “ Guarantor”), then to the extent that the
          derivative counterparty fails to make any payment by the close of business
          on
          the day it is required to make payment under the terms of such Derivative
          Contract, the Trustee, as Supplemental Interest Trust Trustee shall, promptly
          following actual notice of the derivative counterparty’s failure to pay, demand
          that such Guarantor make any and all payments then required to be made
          by such
          Guarantor pursuant to such Guaranty; provided that the Trustee, as Supplemental
          Interest Trust Trustee shall in no event be liable for any failure or delay
          in
          the performance by the Derivative Counterparty’s or such Guarantor’s of its
          obligations hereunder or pursuant to such Derivative Contract and the Guaranty,
          nor for any special, indirect or consequential loss or damage of any kind
          whatsoever (including but not limited to lost profits) in connection
          therewith.

        

        Section
          4.10. Tax
          Treatment of Class IO Distribution Amounts in the Event of Resecuritization
          of
          Class A, Class M or Class B Certificates.

        

        In
          the
          event that any Class A, Class M or Class B Certificate is resecuritized
          in a
          REMIC (the “Resecuritization REMIC”), for federal income tax purposes, (i)
          payments on the REMIC 3 Regular Interest corresponding to such Class A,
          Class M
          or Class B Certificate shall, for the avoidance of doubt, be deemed to
          include
          the Class IO Distribution Amount, and (ii) to the extent provided in the
          operative documents for the Resecuritization REMIC, (a) payments on the
“regular
          interests” issued by the Resecuritization REMIC shall be deemed to include in
          the aggregate such Class IO Distribution Amount, and (b) such Class IO
          Distribution Amount shall be deemed paid to the holder of the Class C
          Certificates pursuant to a notional principal contract entered into by
          the
          holders of one or more “regular interests” issued by the Resecuritization REMIC
          (“Resecuritization Holders”) and the Holder of the Class C Certificates. In such
          event, Class IO Distribution Amounts deemed paid by Resecuritization Holders
          under clause (b) of the immediately preceding sentence shall be paid on
          behalf
          of such holders pursuant to Section 4.09(ii) hereof.

        

        
          
            
            

          

          
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        Section
          4.11. Collateral
          Account.

        

        (i) The
          Trustee, as Supplemental Interest Trust Trustee, is hereby directed to
          perform
          the obligations of the Custodian as defined under Credit Support Annex
          One (the
“Custodian”). 

        

        On
          or
          before the Closing Date, the Custodian shall establish the Collateral Account.
          The Collateral Account shall be held in the name of the Custodian in trust
          for
          the benefit of the Holders of the Class A, Class M and Class B Certificates.
          The
          Collateral Account must be an Eligible Account segregated from the Certificate
          Account and any other moneys of the Trustee held pursuant to this Agreement
          and
          shall be entitled “Impac Secured Assets Corp., Mortgage Pass-Through
          Certificates, Series 2007-1, Collateral Account, Supplemental Interest
          Trust
          Trustee, as Custodian for the benefit of holders of the Class A, Class
          M and
          Class B Certificates.”

        

        The
          Custodian shall credit to Collateral Account all collateral (whether in
          the form
          of cash or securities) posted by Bear Stearns Financial Products Inc. to
          secure
          the obligations of Bear Stearns Financial Products Inc. in accordance with
          the
          terms of the Credit Support Annex. The Custodian shall maintain and apply
          all
          collateral and earnings thereon on deposit in the Collateral Account in
          accordance with the Credit Support Annex.

        

        Cash
          collateral posted by Bear Stearns Financial Products Inc. in accordance
          with the
          Credit Support Annex shall be invested at the written direction of Bear
          Stearns
          Financial Products Inc. in Permitted Investments in accordance with the
          requirements of the Credit Support Annex. All amounts earned on amounts
          on
          deposit in Collateral Account (whether cash collateral or securities) shall
          be
          for the account of and taxable to Bear Stearns Financial Products Inc..
          The
          Trustee shall not be liable for the selection of investments or investment
          losses incurred thereon.

        

        Upon
          the
          occurrence of an Event of Default or Specified Condition (each as defined
          in the
          Schedule) with respect to Bear Stearns Financial Products Inc. or upon
          occurrence or designation of an Early Termination Date (as defined in the
          Schedule) as a result of any such Event of Default or Specified Condition
          with
          respect to Bear Stearns Financial Products Inc., and, in either such case,
          unless Bear Stearns Financial Products Inc. has paid in full all of its
          Obligations (as defined in the Credit Support Annex) that are then due,
          then any
          collateral posted by Bear Stearns Financial Products Inc. in accordance
          with the
          Credit Support Annex, shall be applied by the Custodian to the payment
          of any
          Obligations due to Party B (each as defined in the Credit Support Annex)
          in
          accordance with the Credit Support Annex. Any excess collateral posted
          by Bear
          Stearns Financial Products Inc. in accordance with the Credit Support Annex
          and
          remaining after payment of all amounts owing to Party B shall be withdrawn
          from
          the Collateral Account and paid to Bear Stearns Financial Products Inc.
          in
          accordance with the Credit Support Annex.

        

        
          
            
            

          

          
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        ARTICLE
          V

        THE
          CERTIFICATES

        

        Section
          5.01. The
          Certificates.

        

        (a) The
          Certificates will be substantially in the respective forms annexed hereto
          as
          Exhibits A and B-1 through B-5. The Certificates will be issuable in registered
          form only. The Certificates (other than the Class P, Class C and Class
          R
          Certificates) will be issued in minimum denominations of $25,000 Initial
          Certificate Principal Balance and integral multiples of $1 in excess thereof.
          The Class C Certificates will be issued in minimum denominations of $1.00
          Initial Notional Amount and integral multiples of $1.00 in excess thereof.
          The
          Class P Certificates and the Class R Certificates will each be issuable
          in
          minimum denominations of any Percentage Interest representing 10.00% and
          multiples of 0.01% in excess thereof.

        

        Upon
          original issue, the Certificates shall, upon the written request of the
          Depositor executed by an officer of the Depositor, be executed and delivered
          by
          the Trustee, authenticated by the Trustee and delivered to or upon the
          order of
          the Depositor upon receipt by the Trustee of the documents specified in
          Section
          2.01. The Certificates shall be executed by manual or facsimile signature
          on
          behalf of the Trustee in its capacity as trustee hereunder by a Responsible
          Officer. Certificates bearing the manual or facsimile signatures of individuals
          who were at the time they signed the proper officers of the Trustee shall
          bind
          the Trustee, notwithstanding that such individuals or any of them have
          ceased to
          hold such offices prior to the authentication and delivery of such Certificates
          or did not hold such offices at the date of such Certificates. No Certificate
          shall be entitled to any benefit under this Agreement, or be valid for
          any
          purpose, unless there appears on such Certificate a certificate of
          authentication substantially in the form provided for herein executed by
          the
          Trustee by manual signature, and such certificate upon any Certificate
          shall be
          conclusive evidence, and the only evidence, that such Certificate has been
          duly
          authenticated and delivered hereunder. All Certificates issued on the Closing
          Date shall be dated the Closing Date and any Certificates delivered thereafter
          shall be dated the date of their authentication.

        

        (b) The
          Class
          A, Class M and Class B Certificates shall initially be issued as one or
          more
          Certificates registered in the name of the Depository or its nominee and,
          except
          as provided below, registration of such Certificates may not be transferred
          by
          the Trustee except to another Depository that agrees to hold such Certificates
          for the respective Certificate Owners with Ownership Interests therein.
          The
          Certificate Owners shall hold their respective Ownership Interests in and
          to
          each of such Book-Entry Certificates through the book-entry facilities
          of the
          Depository and, except as provided below, shall not be entitled to Definitive
          Certificates in respect of such Ownership Interests. All transfers by
          Certificate Owners of their respective Ownership Interests in the Book-Entry
          Certificates shall be made in accordance with the procedures established
          by the
          Depository Participant or brokerage firm representing such Certificate
          Owner.
          Each Depository Participant shall transfer the Ownership Interests only
          in the
          Book-Entry Certificates of Certificate Owners it represents or of brokerage
          firms for which it acts as agent in accordance with the Depository's normal
          procedures. The Trustee shall not be required to monitor, determine or
          inquire
          as to compliance with the transfer restrictions with respect to the Book-Entry
          Certificates, and the Trustee shall have no liability for transfers of
          Ownership
          Interests in the Book Entry Certificates made through the book-entry facilities
          of the Depositary or between or among Depositary Participants or Certificate
          Owners, made in violation of the applicable restrictions.

        

        
          
            
            

          

          
            125

            
              

            

          

          
            
            

          

        

        The
          Trustee, the Master Servicer and the Depositor may for all purposes (including
          the making of payments due on the respective Classes of Book-Entry Certificates)
          deal with the Depository as the authorized representative of the Certificate
          Owners with respect to the respective Classes of Book-Entry Certificates
          for the
          purposes of exercising the rights of Certificateholders hereunder. The
          rights of
          Certificate Owners with respect to the respective Classes of Book-Entry
          Certificates shall be limited to those established by law and agreements
          between
          such Certificate Owners and the Depository Participants and brokerage firms
          representing such Certificate Owners. Multiple requests and directions
          from, and
          votes of, the Depository as Holder of any Class of Book-Entry Certificates
          with
          respect to any particular matter shall not be deemed inconsistent if they
          are
          made with respect to different Certificate Owners. The Trustee may establish
          a
          reasonable record date in connection with solicitations of consents from
          or
          voting by Certificateholders and shall give notice to the Depository of
          such
          record date.

        

        If
          (i)(A)
          the Depositor advises the Trustee in writing that the Depository is no
          longer
          willing or able to properly discharge its responsibilities as Depository
          and (B)
          the Depositor is unable to locate a qualified successor or (ii) the Depositor
          at
          its option advises the Trustee in writing that it elects to terminate the
          book-entry system through the Depository, the Trustee shall notify all
          Certificate Owners, through the Depository, of the occurrence of any such
          event
          and of the availability of Definitive Certificates to Certificate Owners
          requesting the same. Upon surrender to the Trustee of the Book-Entry
          Certificates by the Depository, accompanied by registration instructions
          from
          the Depository for registration of transfer, the Trustee shall, at the
          expense
          of the Depositor, issue the Definitive Certificates. Neither the Depositor,
          the
          Master Servicer nor the Trustee shall be liable for any actions taken by
          the
          Depository or its nominee, including, without limitation, any delay in
          delivery
          of such instructions and may conclusively rely on, and shall be protected
          in
          relying on, such instructions. Upon the issuance of Definitive Certificates
          the
          Trustee and the Master Servicer shall recognize the Holders of the Definitive
          Certificates as Certificateholders hereunder.

        

        (c) Each
          Certificate is intended to be a “security” governed by Article 8 of the Uniform
          Commercial Code as in effect in the State of New York and any other applicable
          jurisdiction, to the extent that any of such laws may be
          applicable.

        

        
          
            
            

          

          
            126

            
              

            

          

          
            
            

          

        

        Section
          5.02. Registration
          of Transfer and Exchange of Certificates.

        

        (a) The
          Trustee shall maintain a Certificate Register in which, subject to such
          reasonable regulations as it may prescribe, the Trustee shall provide for
          the
          registration of Certificates and of transfers and exchanges of Certificates
          as
          herein provided.

        

        (b) Except
          as
          provided in Section 5.02(c), no transfer, sale, pledge or other disposition
          of a
          Class B, Class P, Class C or Class R Certificate shall be made unless such
          transfer, sale, pledge or other disposition is exempt from the registration
          requirements of the Securities Act of 1933, as amended (the “Act”), and any
          applicable state securities laws or is made in accordance with said Act
          and
          laws. In the event that a transfer of a Class B, Class P, Class C or Class
          R
          Certificate is to be made under this Section 5.02(b), (i) the Trustee shall
          require an Opinion of Counsel acceptable to and in form and substance
          satisfactory to the Trustee that such transfer shall be made pursuant to
          an
          exemption, describing the applicable exemption and the basis therefor,
          from said
          Act and laws or is being made pursuant to said Act and laws, which Opinion
          of
          Counsel shall not be an expense of the Trustee, the Depositor or the Master
          Servicer, provided that such Opinion of Counsel will not be required in
          connection with the initial transfer of any such Certificate by the Depositor
          or
          any affiliate thereof, to a non-affiliate of the Depositor or (ii) the
          Trustee
          shall require the transferee to execute a representation letter, substantially
          in the form of Exhibit G-1 hereto, and the Trustee shall require the transferor
          to execute a representation letter, substantially in the form of Exhibit
          G-2
          hereto, each acceptable to and in form and substance satisfactory to the
          Trustee
          certifying to the Depositor and the Trustee the facts surrounding such
          transfer,
          which representation letters shall not be an expense of the Trustee, the
          Depositor or the Master Servicer; provided,
          however,
          that
          such representation letters will not be required in connection with any
          transfer
          of any such Certificate by the Depositor to an affiliate of the Depositor
          and
          the Trustee shall be entitled to conclusively rely upon a representation
          (which,
          upon the request of the Trustee, shall be a written representation) from
          the
          Depositor of the status of such transferee as an affiliate of the Depositor.
          Any
          such Certificateholder desiring to effect such transfer shall, and does
          hereby
          agree to, indemnify the Trustee, the Depositor and the Master Servicer
          against
          any liability that may result if the transfer is not so exempt or is not
          made in
          accordance with such applicable federal and state laws.

        

        No
          transfer of any Class C Certificate shall be made unless the proposed transferee
          of such Class C Certificate (1) provides to the Trustee the appropriate
          tax
          certification forms that would eliminate any withholding or deduction for
          taxes
          from amounts payable by the Swap Provider, pursuant to the related Interest
          Rate
          Swap Agreement, and by the Cap Counterparty, pursuant to the Cap Contacts,
          to
          the Supplemental Interest Trust (i.e., IRS Form W-9 or IRS Form W-8BEN,
          W-8IMY,
          W-8EXP or W-8ECI, as applicable (or any successor form thereto), together
          with
          any applicable attachments) and (2) agrees to update such forms (i) upon
          expiration of any such forms, (ii) as required under then applicable U.S.
          Treasury regulations and (iii) promptly upon learning that such forms have
          become obsolete or incorrect, each as a condition to such transfer. In
          addition,
          no transfer of any Class C Certificate shall be made if such transfer would
          cause the Supplemental Interest Trust to be beneficially owned by two or
          more
          persons for federal income tax purposes, or continue to be so treated,
          unless
          (i) each proposed transferee of such Class C Certificate complies with
          the
          foregoing conditions, and (ii) the proposed majority holder of the Class
          C
          Certificates (or each holder, if there is or would be no majority holder)
          (A)
          provides, or causes to be provided, on behalf of the Supplemental Interest
          Trust, if applicable, to the Trustee the appropriate tax certification
          forms
          that would be required from the Supplemental Interest Trust to eliminate
          any
          withholding or deduction for taxes from amounts payable by the Swap Provider,
          pursuant to the Interest Rate Swap Agreement, and by the Cap Counterparty,
          pursuant to the Cap Contacts, to the Supplemental Interest Trust (i.e.,
          IRS Form
          W-9 or IRS Form W-8BEN, W-8IMY, W-8EXP or W-8ECI, as applicable (or any
          successor form thereto), together with any applicable attachments) and
          (B)
          agrees to update such forms (x) upon expiration of any such forms, (y)
          as
          required under then applicable U.S. Treasury regulations and (z) promptly
          upon
          learning that such forms have become obsolete or incorrect. If, under applicable
          U.S. Treasury regulations, such tax certification forms may only be signed
          by a
          trustee acting on behalf of the Supplemental Interest Trust, then the Trustee,
          as the Supplemental Interest Trust Trustee, shall sign such certification
          forms
          if so directed by a Holder of the Class C Certificates. Upon receipt of
          any such
          tax certification forms from a transferee of any Class C Certificate, the
          Trustee, as the Supplemental Interest Trust Trustee, shall forward a copy
          of
          such tax certification forms provided to it to the Swap Provider and the
          Cap
          Counterparty. Each Holder of a Class C Certificate and each transferee
          thereof
          shall be deemed to have consented to the Trustee, as the Supplemental Interest
          Trust Trustee, forwarding to the Swap Provider and Cap Counterparty any
          tax
          certification form it has provided and updated in accordance with these
          transfer
          restrictions.
          Any
          purported sales or transfers of any Class C Certificate to a transferee
          which
          does not comply with the requirements of this paragraph shall be deemed
          null and
          void under this Agreement.

        

        
          
            
            

          

          
            127

            
              

            

          

          
            
            

          

        

        The
          Trustee shall not be liable for the content or truthfulness of any such
          tax
          certification forms provided to it. The Trustee shall only be required
          to
          forward any tax certification forms received by it to the Swap Provider
          and Cap
          Counterparty at the last known address provided to it, and shall not be
          liable
          for the receipt of such tax certification forms by the Swap Provider or
          the Cap
          Counterparty, nor any failure of the Swap Provider or Cap Counterparty
          to
          process such forms or to take any action as required under the respective
          Interest Rate Swap Agreement or Cap Contract, or under applicable law.
          The
          Trustee shall have no duty to take action to correct any misstatement or
          omission in any tax certification forms provided to it and forwarded to
          the Swap
          Provider and Cap Counterparty.

        

        (c) Notwithstanding
          the requirements of Section 5.02(b), transfers of Class B, Class P, Class
          C and
          Class R Certificates may be made in accordance with this Section 5.02(c)
          if the
          prospective transferee of a Certificate provides the Trustee and the Depositor
          with an investment letter substantially in the form of Exhibit G-3 attached
          hereto, which investment letter shall not be an expense of the Trustee,
          the
          Depositor or the Master Servicer, and which investment letter states that,
          among
          other things, such transferee is a “qualified institutional buyer” as defined
          under Rule 144A. Such transfers shall be deemed to have complied with the
          requirements of Section 5.02(b) hereof. Any such Certificateholder desiring
          to
          effect such transfer shall, and does hereby agree to, indemnify the Trustee,
          the
          Depositor and the Master Servicer against any liability that may result
          if the
          transfer is not so exempt or is not made in accordance with such applicable
          federal and state laws.

        

        
          
            
            

          

          
            128

            
              

            

          

          
            
            

          

        

        The
          Trustee shall require an Opinion of Counsel, on which the Trustee, Depositor
          and
          Master Servicer may rely, from a prospective transferee prior to the transfer
          of
          any Class P, Class C and Class R Certificate to any employee benefit plan
          or
          other retirement arrangement, including individual retirement accounts
          and Keogh
          plans, that is subject to the Employee Retirement Income Security Act of
          1974,
          as amended (“ERISA”), or Section 4975 of the Code (any of the foregoing, a
“Plan”), to a trustee or other Person acting on behalf of any Plan, or to any
          other person who is using “plan assets” of any Plan to effect such acquisition
          (including any insurance company using funds in its general or separate
          accounts
          that may constitute “plan assets” of a Plan). Such Opinion of Counsel must
          establish to the satisfaction of the Trustee that such transfer is permissible
          under applicable law, will not constitute or result in a prohibited transaction
          under Section 406 of ERISA and Section 4975 of the Code, and will not subject
          the Trustee, the Master Servicer or the Depositor to any obligation in
          addition
          to those undertaken in this Agreement. Neither the Depositor, the Master
          Servicer nor the Trustee, will be required to obtain such Opinion of Counsel
          on
          behalf of any prospective transferee.

        

        Prior
          to
          the termination of the Supplemental Interest Trust, each beneficial owner
          of a
          Class A, Class M and Class B Certificate or any interest therein, shall
          be
          deemed to have represented, by virtue of its acquisition or holding of
          the Class
          A, Class M and Class B Certificate, or interest therein, that either (i)
          it is
          not a Plan or (ii) (A) it is an accredited investor within the meaning
          of
          Prohibited Transaction Exemption 2002-41 (the “Exemption”) and (B) the
          acquisition and holding of such Certificate and the separate right to receive
          payments from the Supplemental Interest Trust are eligible for the exemptive
          relief available under one of Prohibited Transaction Class Exemption (“PTCE”)
          84-14, 91-38, 95-60, 90-1 or 96-23.

        

        Each
          beneficial owner of a Subordinate Certificate or any interest therein which
          is
          acquired subsequent to the termination of the Supplemental Interest Trust
          shall
          be deemed to have represented, by virtue of its acquisition or holding
          of that
          Certificate or interest therein, that either (i) it is not a Plan or a
          trustee
          or other Person acting on behalf of a Plan or using “plan assets” of a Plan to
          effect such acquisition (including any insurance company using funds in
          its
          general or separate accounts that may constitute “plan assets”), (ii) it has
          acquired and is holding such Certificate in reliance on the Exemption,
          and that
          it understands that there are certain conditions to the availability of
          the
          Exemption, including that the Certificate must be rated, at the time of
          purchase, not lower than “BBB-” (or its equivalent) by Standard & Poor’s,
          Fitch Ratings, Inc. or Moody’s, and the Certificate is so rated or (iii) (1) it
          is an insurance company, (2) the source of funds used to acquire or hold
          the
          Certificate or interest therein is an “insurance company general account,” as
          such term is defined in PTCE 95-60, and (3) the conditions in Sections
          I and III
          of PTCE 95-60 have been satisfied.

        

        (d) [Reserved]

        

        
          
            
            

          

          
            129

            
              

            

          

          
            
            

          

        

        (e) (i)
          Each
          Person who has or who acquires any Ownership Interest in a Class R Certificate
          shall be deemed by the acceptance or acquisition of such Ownership Interest
          to
          have agreed to be bound by the following provisions and to have irrevocably
          authorized the Trustee or its designee under clause (iii)(A) below to deliver
          payments to a Person other than such Person and to negotiate the terms
          of any
          mandatory sale under clause (iii)(B) below and to execute all instruments
          of
          transfer and to do all other things necessary in connection with any such
          sale.
          The rights of each Person acquiring any Ownership Interest in a Class R
          Certificate are expressly subject to the following provisions:

        

        (A) Each
          Person holding or acquiring any Ownership Interest in a Class R Certificate
          shall be a Permitted Transferee and shall promptly notify the Trustee of
          any
          change or impending change in its status as a Permitted Transferee.

        

        (B) In
          connection with any proposed Transfer of any Ownership Interest in a Class
          R
          Certificate, the Trustee shall require delivery to it, and shall not register
          the Transfer of any Class R Certificate until its receipt, of (I) an affidavit
          and agreement (a “Transfer Affidavit and Agreement” in the form attached hereto
          as Exhibit G-5) from the proposed Transferee, in form and substance satisfactory
          to the Trustee representing and warranting, among other things, that it
          is a
          Permitted Transferee, that it is not acquiring its Ownership Interest in
          the
          Class R Certificate that is the subject of the proposed Transfer as a nominee,
          trustee or agent for any Person who is not a Permitted Transferee, that
          for so
          long as it retains its Ownership Interest in a Class R Certificate, it
          will
          endeavor to remain a Permitted Transferee, and that it has reviewed the
          provisions of this Section 5.02 and agrees to be bound by them, and (II)
          a
          certificate, in the form attached hereto as Exhibit G-4, from the Holder
          wishing
          to transfer the Class R Certificate, in form and substance satisfactory
          to the
          Trustee representing and warranting, among other things, that no purpose
          of the
          proposed Transfer is to impede the assessment or collection of tax and
          that it
          has no knowledge that the proposed transferee is not a Permitted
          Transferee.

        

        (C) Notwithstanding
          the delivery of a Transfer Affidavit and Agreement by a proposed Transferee
          under clause (B) above, if a Responsible Officer of the Trustee assigned
          to this
          transaction has actual knowledge that the proposed Transferee is not a
          Permitted
          Transferee, no Transfer of an Ownership Interest in a Class R Certificate
          to
          such proposed Transferee shall be effected.

        

        (D) Each
          Person holding or acquiring any Ownership Interest in a Class R Certificate
          shall agree (x) to require a Transfer Affidavit and Agreement from any
          other
          Person to whom such Person attempts to transfer its Ownership Interest
          in a
          Class R Certificate and (y) not to transfer its Ownership Interest unless
          it
          provides a certificate to the Trustee in the form attached hereto as Exhibit
          G-4.

        

        (E) Each
          Person holding or acquiring an Ownership Interest in a Class R Certificate,
          by
          purchasing an Ownership Interest in such Certificate, agrees to give the
          Trustee
          written notice that it is a “pass-through interest holder” within the meaning of
          Temporary Treasury Regulations Section 1.67-3T(a)(2)(i)(A) immediately
          upon
          acquiring an Ownership Interest in a Class R Certificate, if it is “a
          pass-through interest holder”, or is holding an Ownership Interest in a Class R
          Certificate on behalf of a “pass-through interest holder.”

        

        
          
            
            

          

          
            130

            
              

            

          

          
            
            

          

        

        (ii) The
          Trustee will register the Transfer of any Class R Certificate only if it
          shall
          have received the Transfer Affidavit and Agreement in the form attached
          hereto
          as Exhibit G-5, a certificate of the Holder requesting such transfer in
          the form
          attached hereto as Exhibit G-4 and all of such other documents as shall
          have
          been reasonably required by the Trustee as a condition to such registration.
          Transfers of the Class R Certificates other than to Permitted Transferees
          are
          prohibited.

        

        (iii) (A)
          If
          any Person other than a Permitted Transferee shall become a Holder of a
          Class R
          Certificate, then the last preceding Permitted Transferee shall be restored,
          to
          the extent permitted by law, to all rights and obligations as Holder thereof
          retroactive to the date of registration of such Transfer of such Class
          R
          Certificate. If a transfer of a Class R Certificate is disregarded pursuant
          to
          the provisions of Treasury Regulations Section 1.860E-1 or Section 1.860G-3,
          then the last preceding Permitted Transferee shall be restored, to the
          extent
          permitted by law, to all rights and obligations as Holder thereof retroactive
          to
          the date of registration of such transfer of such Class R Certificate.
          The prior
          Holder shall be entitled to recover from any purported Holder of a Class
          R
          Certificate that was in fact not a Permitted Transferee under this Section
          5.02(e) at the time it became a Holder all payments made on such Class
          R
          Certificate. Each Holder of a Class R Certificate, by acceptance thereof,
          shall
          be deemed for all purposes to have consented to the provisions of this
          Section
          5.02(e) and to any amendment of this Agreement deemed necessary (whether
          as a
          result of new legislation or otherwise) by counsel of the Depositor to
          ensure
          that the Class R Certificates are not transferred to any Person who is
          not a
          Permitted Transferee and that any transfer of such Class R Certificates
          will not
          cause the imposition of a tax upon the Trust or cause any such REMIC to
          fail to
          qualify as a REMIC. Neither the Trustee nor the Trustee shall be under
          any
          liability to any Person for any registration of Transfer of a Class R
          Certificate that is in fact not permitted by this Section 5.02 or for making
          any
          payments due on such Certificate to the Holder thereof or for taking any
          other
          action with respect to such Holder under the provisions of this
          Agreement.

        

        (B)
          If
          any purported Transferee shall become a Holder of a Class R Certificate
          in
          violation of the restrictions in this Section 5.02 and to the extent that
          the
          retroactive restoration of the rights of the Holder of such Class R Certificate
          as described in clause (iii)(A) above shall be invalid, illegal or
          unenforceable, then the Trustee shall have the right, without notice to
          the
          Holder or any prior Holder of such Class R Certificate, to sell such Class
          R
          Certificate to a purchaser selected by the Trustee on such terms as the
          Trustee
          may choose. Such purported Transferee shall promptly endorse and deliver
          each
          Class R Certificate in accordance with the instructions of the Trustee.
          Such
          purchaser may be the Trustee itself. The proceeds of such sale, net of
          the
          commissions (which may include commissions payable to the Trustee), expenses
          and
          taxes due, if any, will be remitted by the Trustee to such purported Transferee.
          The terms and conditions of any sale under this clause (iii)(B) shall be
          determined in the sole discretion of the Trustee, and the Trustee shall
          not be
          liable to any Person having an Ownership Interest in a Class R Certificate
          as a
          result of its exercise of such discretion.

        

        
          
            
            

          

          
            131

            
              

            

          

          
            
            

          

        

        (iv) The
          Trustee shall make available to the Internal Revenue Service and those
          Persons
          specified by the REMIC Provisions, all information necessary to compute
          any tax
          imposed (A) as a result of the transfer of an ownership interest in a Class
          R
          Certificate to any Person who is a Disqualified Organization, including
          the
          information regarding “excess inclusions” of such Class R Certificates required
          to be provided to the Internal Revenue Service and certain Persons as described
          in Treasury Regulations Sections 1.860D-1(b)(5) and 1.860E-2(a)(5), and
          (B) as a
          result of any regulated investment company, real estate investment trust,
          common
          trust fund, partnership, trust, estate or organization described in Section
          1381
          of the Code that holds an Ownership Interest in a Class R Certificate having
          as
          among its record Holders at any time any Person who is a Disqualified
          Organization. The Trustee may charge and shall be entitled to reasonable
          compensation for providing such information as may be required from those
          Persons which may have had a tax imposed upon them as specified in clauses
          (A)
          and (B) of this paragraph for providing such information.

        

        (f) Subject
          to the preceding paragraphs, upon surrender for registration of transfer
          of any
          Certificate at the office of the Trustee maintained for such purpose, the
          Trustee shall execute and the Trustee shall authenticate and deliver, in
          the
          name of the designated transferee or transferees, one or more new Certificates
          of the same Class of a like aggregate Percentage Interest. Every Certificate
          surrendered for transfer shall be accompanied by notification of the account
          of
          the designated transferee or transferees for the purpose of receiving
          distributions pursuant to Section 4.01 by wire transfer, if any such transferee
          desires and is eligible for distribution by wire transfer.

        

        (g) At
          the
          option of the Certificateholders, Certificates may be exchanged for other
          Certificates of authorized denominations of the same Class of a like aggregate
          Percentage Interest, upon surrender of the Certificates to be exchanged
          at the
          office of the Trustee. Whenever any Certificates are so surrendered for
          exchange
          the Trustee shall execute, authenticate and deliver the Certificates which
          the
          Certificateholder making the exchange is entitled to receive. Every Certificate
          presented or surrendered for transfer or exchange shall (if so required
          by the
          Trustee) be duly endorsed by, or be accompanied by a written instrument
          of
          transfer in the form satisfactory to the Trustee duly executed by, the
          Holder
          thereof or his attorney duly authorized in writing. In addition, with respect
          to
          each Class R Certificate, the Holder thereof may exchange, in the manner
          described above, such Class R Certificate for three separate Certificates,
          each
          representing such Holder's respective Percentage Interest in the Class
          R-1
          Interest, the Class R-2 Interest and the Class R-3 Interest, respectively,
          in
          each case that was evidenced by the Class R Certificate being
          exchanged.

        

        (h) No
          service charge shall be made to the Certificateholders for any transfer
          or
          exchange of Certificates, but the Trustee may require payment of a sum
          sufficient to cover any tax or governmental charge that may be imposed
          in
          connection with any transfer or exchange of Certificates.

        

        
          
            
            

          

          
            132

            
              

            

          

          
            
            

          

        

        (i) All
          Certificates surrendered for transfer and exchange shall be canceled and
          retained by the Trustee in accordance with the Trustee’s standard
          procedures.

        

        Section
          5.03. Mutilated,
          Destroyed, Lost or Stolen Certificates.

        

        If
          (i)
          any mutilated Certificate is surrendered to the Trustee and the Trustee
          receives
          evidence to its satisfaction of the destruction, loss or theft of any
          Certificate, and (ii) there is delivered to the Trustee such security or
          indemnity as may be required by it to save it harmless, then, in the absence
          of
          notice to the Trustee that such Certificate has been acquired by a bona
          fide
          purchaser, the Trustee shall execute, authenticate and deliver, in exchange
          for
          or in lieu of any such mutilated, destroyed, lost or stolen Certificate,
          a new
          Certificate of the same Class and Percentage Interest. Upon the issuance
          of any
          new Certificate under this Section, the Trustee may require the payment
          of a sum
          sufficient to cover any tax or other governmental charge that may be imposed
          in
          relation thereto and any other expenses (including the fees and expenses
          of the
          Trustee) connected therewith. Any replacement Certificate issued pursuant
          to
          this Section shall constitute complete and indefeasible evidence of ownership
          in
          the Trust Fund, as if originally issued, whether or not the lost, stolen
          or
          destroyed Certificate shall be found at any time.

        

        Section
          5.04. Persons
          Deemed Owners.

        

        The
          Depositor, the Master Servicer, the Trustee and any agent of any of them
          may
          treat the person in whose name any Certificate is registered as the owner
          of
          such Certificate for the purpose of receiving distributions pursuant to
          Section
          4.01 and for all other purposes whatsoever, and neither the Depositor,
          the
          Master Servicer, the Trustee nor any agent of any of them shall be affected
          by
          notice to the contrary.

        

        Section
          5.05. Rule
          144A
          Information.

        

        For
          so
          long as any Class B, Class P, Class C and Class R are outstanding and are
          “restricted securities” within the meaning of Rule 144(a)(3) of the Securities
          Act, (1) the Depositor will provide or cause to be provided to any Holder
          of
          such Certificates and any prospective purchaser thereof designated by such
          a
          Holder, upon the request of such Holder or prospective purchaser, the
          information required to be provided to such Holder or prospective purchaser
          by
          Rule 144A(d)(4) under the Securities Act; and (2) the Depositor shall update
          such information from time to time in order to prevent such information
          from
          becoming false and misleading and will take such other actions as are necessary
          to ensure that the safe harbor exemption from the registration requirements
          of
          the Securities Act under Rule 144A is and will be available for resales
          of such
          Certificates conducted in accordance with Rule 144A. The Master Servicer
          shall
          cooperate with the Depositor and furnish the Depositor such information
          in the
          Master Servicer's possession as the Depositor may reasonably
          request.

        

        
          
            
            

          

          
            133

            
              

            

          

          
            
            

          

        

        

        

        ARTICLE
          VI

        THE
          DEPOSITOR AND THE MASTER SERVICER

        

        
          	 	
                  Section
                    6.01.

                	
                  Liability
                    of the Depositor and the Master
                    Servicer.

                

        

        

        The
          Depositor and the Master Servicer each shall be liable in accordance herewith
          only to the extent of the obligations specifically imposed upon and undertaken
          by the Depositor and the Master Servicer herein. Only the Master Servicer,
          any
          successor Master Servicer or the Trustee acting as Master Servicer shall
          be
          liable with respect to the servicing of the Mortgage Loans and the REO
          Property
          for actions taken by any such Person in contravention of the Master Servicer's
          duties hereunder.

        

        
          	 	
                  Section
                    6.02.

                	
                  Merger,
                    Consolidation or Conversion of the Depositor or the Master
                    Servicer.

                

        

        

        The
          Depositor and the Master Servicer each will keep in full effect its existence,
          rights and franchises as a corporation under the laws of the state of its
          incorporation, and each will obtain and preserve its qualification to do
          business as a foreign corporation in each jurisdiction in which such
          qualification is or shall be necessary to protect the validity and
          enforceability of this Agreement, the Certificates or any of the Mortgage
          Loans
          and to perform its respective duties under this Agreement.

        

        Any
          Person into which the Depositor or the Master Servicer may be merged,
          consolidated or converted, or any corporation resulting from any merger
          or
          consolidation to which the Depositor or the Master Servicer shall be a
          party, or
          any Person succeeding to the business of the Depositor or the Master Servicer,
          shall be the successor of the Depositor or the Master Servicer, as the
          case may
          be, hereunder, without the execution or filing of any paper or any further
          act
          on the part of any of the parties hereto, anything herein to the contrary
          notwithstanding; provided, however, that the successor or surviving Person
          to
          the Master Servicer shall be qualified to sell mortgage loans to and service
          mortgage loans for Fannie Mae or Freddie Mac.

        

        Section
          6.03. Limitation
          on Liability of the Depositor, the Master Servicer and Others.

        

        Neither
          the Depositor, the Master Servicer nor any of the directors, officers,
          employees
          or agents of the Depositor or the Master Servicer shall be under any liability
          to the Trust Fund or the Certificateholders for any action taken or for
          refraining from the taking of any action in good faith pursuant to this
          Agreement, or for errors in judgment; provided, however, that this provision
          shall not protect the Depositor or the Master Servicer (but this provision
          shall
          protect the above described persons) against any breach of warranties or
          representations made herein, or against any specific liability imposed
          on the
          Master Servicer pursuant to Section 3.01 or any other Section hereof; and
          provided further that this provision shall not protect the Depositor, the
          Master
          Servicer or any such person, against any liability which would otherwise
          be
          imposed by reason of willful misfeasance, bad faith or gross negligence
          in the
          performance of duties or by reason of reckless disregard of obligations
          and
          duties hereunder. The Depositor, the Master Servicer and any director,
          officer,
          employee or agent of the Depositor or the Master Servicer may rely in good
          faith
          on any document of any kind prima
          facie
          properly
          executed and submitted by any Person respecting any matters arising hereunder.
          The Depositor, the Master Servicer and any director, officer, employee
          or agent
          of the Depositor or the Master Servicer shall be indemnified and held harmless
          by the Trust Fund against any loss, liability or expense incurred in connection
          with any legal action relating to this Agreement or the Certificates (including
          reasonable legal fees and disbursements of counsel), other than (a) any loss,
          liability or expense related to Master Servicer's servicing obligations
          with
          respect to any specific Mortgage Loan or Mortgage Loans (except as any
          such
          loss, liability or expense shall be otherwise reimbursable pursuant to
          this
          Agreement) or related to the Master Servicer's obligations under Section
          3.01,
          or (b) any loss, liability or expense incurred by reason of willful misfeasance,
          bad faith or gross negligence in the performance of duties hereunder or
          by
          reason of reckless disregard of obligations and duties hereunder. Neither
          the
          Depositor nor the Master Servicer shall be under any obligation to appear
          in,
          prosecute or defend any legal action which is not incidental to its respective
          duties under this Agreement and which in its opinion may involve it in
          any
          expense or liability; provided,
          however,
          that
          the Depositor or the Master Servicer may in its sole discretion undertake
          any
          such action which it may deem necessary or desirable with respect to this
          Agreement and the rights and duties of the parties hereto and the interests
          of
          the Certificateholders hereunder. In such event, the legal expenses and
          costs of
          such action and any liability resulting therefrom (except any action or
          liability related to the Master Servicer's obligations under Section 3.01)
          shall
          be expenses, costs and liabilities of the Trust Fund, and the Depositor
          and the
          Master Servicer shall be entitled to be reimbursed therefor from the Certificate
          Account as provided in Section 3.11, any such right of reimbursement being
          prior
          to the rights of Certificateholders to receive any amount in the Certificate
          Account.

        

        
          
            
            

          

          
            134

            
              

            

          

          
            
            

          

        

        Section
          6.04. Limitation
          on Resignation of the Master Servicer.

        

        The
          Master Servicer shall not resign from the obligations and duties hereby
          imposed
          on it except (a) upon appointment of a successor servicer reasonably acceptable
          to the Trustee upon receipt by the Trustee of a letter from each Rating
          Agency
          (obtained by the Master Servicer and at its expense) that such a resignation
          and
          appointment will not, in and of itself, result in a downgrading of the
          Certificates or (b) upon determination that its duties hereunder are no
          longer
          permissible under applicable law. Any such determination permitting the
          resignation of the Master Servicer shall be evidenced by an Opinion of
          Counsel
          (at the expense of the resigning Master Servicer) to such effect delivered
          to
          the Trustee. No such resignation shall become effective until the Trustee
          or a
          successor servicer shall have assumed the Master Servicer's responsibilities,
          duties, liabilities and obligations hereunder.

        

        Section
          6.05. Sale
          and
          Assignment of Master Servicing.

        

        
          
            
            

          

          
            135

            
              

            

          

          
            
            

          

        

        The
          Master Servicer may sell and assign its rights and delegate its duties
          and
          obligations in their entirety as Master Servicer under this Agreement;
          provided,
          however,
          that:
          (i) the purchaser or transferee accepting such assignment and delegation
          (a)
          shall be a Person which shall be qualified to service mortgage loans for
          Fannie
          Mae or Freddie Mac; (b) shall, in the case of successor master servicers
          only,
          have a net worth of not less than $10,000,000 (unless otherwise approved
          by each
          Rating Agency pursuant to clause (ii) below); (c) shall be reasonably
          satisfactory to the Trustee (as evidenced in a writing signed by the Trustee)
          as
          having a comparable servicing ability to that of the Master Servicer on
          the
          Closing Date; (d) shall execute and deliver to the Trustee an agreement,
          in form
          and substance reasonably satisfactory to the Trustee, which contains an
          assumption by such Person of the due and punctual performance and observance
          of
          each covenant and condition to be performed or observed by it as master
          servicer
          under this Agreement and any custodial agreement, from and after the effective
          date of such agreement; (ii) each Rating Agency shall be given prior written
          notice of the identity of the proposed successor to the Master Servicer
          and each
          Rating Agency's rating of the Certificates in effect immediately prior
          to such
          assignment, sale and delegation will not be downgraded or withdrawn as
          a result
          of such assignment, sale and delegation, as evidenced by a letter to such
          effect
          obtained by the Master Servicer at its expense and delivered to the Trustee;
          and
          (iii) the Master Servicer assigning and selling the master servicing shall
          deliver to the Trustee an Officer's Certificate and an Opinion of Counsel
          (at
          the expense of the Master Servicer), each stating that all conditions precedent
          to such action under this Agreement have been completed and such action
          is
          permitted by and complies with the terms of this Agreement. No such assignment
          or delegation shall affect any liability of the Master Servicer arising
          prior to
          the effective date thereof.

        

        
          
            
            

          

          
            136

            
              

            

          

          
            
            

          

        

        

        

        ARTICLE
          VII

        DEFAULT

        

        Section
          7.01. Events
          of
          Default.

        

        “Event
          of
          Default”, wherever used herein, means any one of the following
          events:

        

        (i) any
          failure by the Master Servicer to deposit into the Certificate Account
          on each
          Certificate Account Deposit Date the amounts required to be deposited therein
          (other than an Advance) under the terms of this Agreement which continues
          unremedied for two (2) Business Days after such amount was required to
          be
          remitted; or

        

        (ii) any
          failure on the part of the Master Servicer duly to observe or perform in
          any
          material respect any other of the covenants or agreements on the part of
          the
          Master Servicer contained in the Certificates or in this Agreement (including
          any breach of the Master Servicer's representations and warranties pursuant
          to
          Section 2.03(a) which materially and adversely affects the interests of
          the
          Certificateholders) which continues unremedied for a period of 60 days
          after the
          date on which written notice of such failure, requiring the same to be
          remedied,
          shall have been given to the Master Servicer by the Trustee, or to the
          Master
          Servicer and the Trustee by the Holders of Certificates entitled to at
          least 25%
          of the Voting Rights; or

        

        (iii) a
          decree
          or order of a court or agency or supervisory authority having jurisdiction
          in an
          involuntary case under any present or future federal or state bankruptcy,
          insolvency or similar law or the appointment of a conservator or receiver
          or
          liquidator in any insolvency, readjustment of debt, marshaling of assets
          and
          liabilities or similar proceedings, or for the winding-up or liquidation
          of its
          affairs, shall have been entered against the Master Servicer and such decree
          or
          order shall have remained in force undischarged or unstayed for a period
          of 60
          consecutive days; or

        

        (iv) the
          Master Servicer shall consent to the appointment of a conservator or receiver
          or
          liquidator in any insolvency, readjustment of debt, marshaling of assets
          and
          liabilities or similar proceedings of or relating to the Master Servicer
          or of
          or relating to all or substantially all of its property; or

        

        (v) the
          Master Servicer shall admit in writing its inability to pay its debts generally
          as they become due, file a petition to take advantage of or otherwise
          voluntarily commence a case or proceeding under any applicable bankruptcy,
          insolvency, reorganization or other similar statute, make an assignment
          for the
          benefit of its creditors, or voluntarily suspend payment of its obligations;
          or

        

        (vi) the
          Master Servicer shall fail to deposit in the Certificate Account on any
          Certificate Account Deposit Date an amount equal to any required Advance
          which
          continues unremedied for the earlier of (a) a period of two (2) Business
          Days or
          (b) the Business Day immediately preceding the Distribution Date.

        

        
          
            
            

          

          
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        If
          an
          Event of Default described in clauses (i) - (v) of this Section shall occur,
          then, and in each and every such case, so long as such Event of Default
          shall
          not have been remedied, the Trustee, or the Holders of Certificates entitled
          to
          at least 51% of the Voting Rights, by notice in writing to the Master Servicer
          and the Swap Provider (and to the Trustee if given by such Holders of
          Certificates), with a copy to the Rating Agencies, may terminate all of
          the
          rights and obligations (but not the liabilities) of the Master Servicer
          under
          this Agreement and in and to the Trust Fund, other than its rights as a
          Certificateholder hereunder; provided,
          however,
          that
          the successor to the Master Servicer appointed pursuant to Section 7.02
          shall
          have accepted the duties of Master Servicer effective upon the resignation
          or
          termination of the Master Servicer. If an Event of Default described in
          clause
          (vi) hereof shall occur, the Trustee shall, by notice to the Master Servicer
          and
          the Depositor, terminate all of the rights and obligations of the Master
          Servicer under this Agreement and in and to the Trust Fund, other than
          its
          rights as a Certificateholder hereunder; provided,
          however,
          that if
          the Trustee determines (in its sole discretion) that the failure by the
          Master
          Servicer to make any required Advance was due to circumstances beyond its
          control, and the required Advance was otherwise made, the Trustee shall
          not
          terminate the Master Servicer. On or after the receipt by the Master Servicer
          of
          such notice, all authority and power of the Master Servicer under this
          Agreement, whether with respect to the Certificates (other than as a Holder
          thereof) or the Mortgage Loans or otherwise, shall pass to and be vested
          in the
          Trustee pursuant to and under this Section, and, without limitation, the
          Trustee
          is hereby authorized and empowered to execute and deliver, on behalf of
          the
          Master Servicer, as attorney-in-fact or otherwise, any and all documents
          and
          other instruments, and to do or accomplish all other acts or things necessary
          or
          appropriate to effect the purposes of such notice of termination, whether
          to
          complete the transfer and endorsement or assignment of the Mortgage Loans
          and
          related documents, or otherwise at the expense of the Master Servicer.
          The
          Master Servicer agrees to cooperate with (and pay any related costs and
          expenses
          of) the Trustee in effecting the termination of the Master Servicer's
          responsibilities and rights hereunder, including, without limitation, the
          transfer to the Trustee or the successor Master Servicer for administration
          by
          it of (i) the property and amounts which are then or should be part of
          the Trust
          Fund or which thereafter become part of the Trust Fund; (ii) originals
          or copies
          of all documents of the Master Servicer reasonably requested by the Trustee
          to
          enable it to assume the Master Servicer's duties thereunder; (iii) the
          rights
          and obligations of the Master Servicer under the Sub-Servicing Agreements
          with
          respect to the Mortgage Loans; and (iv) all cash amounts which shall at
          the time
          be deposited by the Master Servicer or should have been deposited to the
          Custodial or the Certificate Account or thereafter be received with respect
          to
          the Mortgage Loans. The Trustee shall not be deemed to have breached any
          obligation hereunder as a result of a failure to make or delay in making
          any
          distribution as and when required hereunder caused by the failure of the
          Master
          Servicer to remit any amounts received by it or to deliver any documents
          held by
          it with respect to the Mortgage Loans. For purposes of this Section 7.01,
          the
          Trustee shall not be deemed to have knowledge of an Event of Default unless
          a
          Responsible Officer of the Trustee has actual knowledge thereof or unless
          notice
          of any event which is in fact such an Event of Default is received by the
          Trustee as provided in Section 11.05 and such notice references the
          Certificates, the Trust Fund or this Agreement.

        

        
          
            
            

          

          
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        Section
          7.02. Trustee
          to Act; Appointment of Successor.

        

        Within
          90
          days of the time the Master Servicer receives a notice of termination pursuant
          to Section 7.01(i) - (vi), the Trustee or its appointed agent shall be
          the
          successor in all respects to the Master Servicer in its capacity as Master
          Servicer under this Agreement and the transactions set forth or provided
          for
          herein and shall be subject thereafter to all the responsibilities, duties
          and
          liabilities relating thereto placed on the Master Servicer including the
          obligation to make Advances which have been or will be required to be made
          (except for the responsibilities, duties and liabilities contained in Section
          2.03 and its obligations to deposit amounts in respect of losses pursuant
          to
          Section 3.12 and 4.01(i)) by the terms and provisions hereof; and provided
          further, that any failure to perform such duties or responsibilities caused
          by
          the Master Servicer's failure to provide information required by Section
          4.03
          shall not be considered a default by the Trustee hereunder. As compensation
          therefor, the Trustee shall be entitled to all funds relating to the Mortgage
          Loans which the Master Servicer would have been entitled to charge to the
          Custodial Account if the Master Servicer had continued to act hereunder.
          If the
          Trustee has become the successor to the Master Servicer in accordance with
          Section 6.04 or Section 7.02, then notwithstanding the above, if the Trustee
          shall be unwilling to so act, or shall be unable to so act, the Trustee
          may
          appoint, or petition a court of competent jurisdiction or appoint, any
          established housing and home finance institution, which is also a Fannie
          Mae- or
          Freddie Mac-approved mortgage servicing institution, having a net worth
          of not
          less than $10,000,000 as the successor to the Master Servicer hereunder
          in the
          assumption of all or any part of the responsibilities, duties or liabilities
          of
          the Master Servicer hereunder. Pending appointment of a successor to the
          Master
          Servicer hereunder, the Trustee shall act in such capacity as herein above
          provided. In connection with such appointment and assumption, the Trustee
          may
          make such arrangements for the compensation of such successor out of payments
          on
          Mortgage Loans as it and such successor shall agree; provided, however,
          that no
          such compensation shall be in excess of that permitted the Master Servicer
          hereunder. Each of the Sponsor, the Trustee and such successor shall take
          such
          action, consistent with this Agreement, as shall be necessary to effectuate
          any
          such succession. In no event shall the successor Master Servicer be liable
          for
          the acts or omissions of the predecessor Master Servicer.

        

        In
          connection with the termination or resignation of the Master Servicer hereunder,
          either (i) the successor Master Servicer, including the Trustee if the
          Trustee
          is acting as successor Master Servicer, shall represent and warrant that
          it is a
          member of MERS in good standing and shall agree to comply in all material
          respects with the rules and procedures of MERS in connection with the servicing
          of the Mortgage Loans that are registered with MERS, in which case the
          predecessor Master Servicer shall cooperate with the successor Master Servicer
          in causing MERS to revise its records to reflect the transfer of servicing
          to
          the successor Master Servicer as necessary under MERS' rules and regulations,
          or
          (ii) the predecessor Master Servicer shall cooperate with the successor
          Master
          Servicer in causing MERS to execute and deliver an assignment of Mortgage
          in
          recordable form to transfer the Mortgage from MERS to the Trustee and to
          execute
          and deliver such other notices, documents and other instruments as may
          be
          necessary or desirable to effect a transfer of such Mortgage Loan or servicing
          of such Mortgage Loan on the MERS® System to the successor Master Servicer. The
          predecessor Master Servicer shall file or cause to be filed any such assignment
          in the appropriate recording office. The predecessor Master Servicer shall
          bear
          any and all fees of MERS, costs of preparing any assignments of Mortgage,
          and
          fees and costs of filing any assignments of Mortgage that may be required
          under
          this Section 7.02. The successor Master Servicer shall cause such assignment
          to
          be delivered to the Trustee promptly upon receipt of the original with
          evidence
          of recording thereon or a copy certified by the public recording office
          in which
          such assignment was recorded.

        

        
          
            
            

          

          
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        Any
          successor, including the Trustee, to the Master Servicer shall maintain
          in force
          during its term as master servicer hereunder policies and fidelity bonds
          to the
          same extent as the Master Servicer is so required pursuant to Section
          3.18.

        

        Notwithstanding
          anything else herein to the contrary, in no event shall the Trustee be
          liable
          for any Master Servicing Fee or Sub-Servicing Fee or for any differential
          in the
          amount of the Master Servicing Fee or Sub-Servicing Fee paid hereunder
          and the
          amount necessary to induce any successor Master Servicer or Sub-Servicer,
          as
          applicable, to act as successor Master Servicer or Sub-Servicer, as applicable,
          under this Agreement and the transactions set forth or provided for
          herein.

        

        Section
          7.03. Notification
          to Certificateholders.

        

        (a) Upon
          any
          such termination or appointment of a successor to the Master Servicer,
          the
          Trustee shall give prompt notice thereof to Certificateholders, the Swap
          Provider and to the Rating Agencies.

        

        (b) Within
          60
          days after the occurrence of any Event of Default, the Trustee shall transmit
          by
          mail to all Holders of Certificates and the Swap Provider notice of each
          such
          Event of Default hereunder known to the Trustee, unless such Event of Default
          shall have been cured or waived.

        

        Section
          7.04. Waiver
          of
          Events of Default.

        

        The
          Holders representing at least 51% of the Voting Rights of Certificates
          affected
          by a default or Event of Default hereunder, may waive such default or Event
          of
          Default (other than an Event of Default set forth in Section 7.01(vi));
provided,
          however,
          that
          (a) a default or Event of Default under clause (i) of Section 7.01 may
          be waived
          only by all of the Holders of Certificates affected by such default or
          Event of
          Default and (b) no waiver pursuant to this Section 7.04 shall affect the
          Holders
          of Certificates in the manner set forth in the second paragraph of Section
          11.01
          or materially adversely affect any non-consenting Certificateholder. Upon
          any
          such waiver of a default or Event of Default by the Holders representing
          the
          requisite percentage of Voting Rights of Certificates affected by such
          default
          or Event of Default, such default or Event of Default shall cease to exist
          and
          shall be deemed to have been remedied for every purpose hereunder. No such
          waiver shall extend to any subsequent or other default or Event of Default
          or
          impair any right consequent thereon except to the extent expressly so waived.
          The Master Servicer shall give notice of any such waiver to the Rating
          Agencies.

        

        
          
            
            

          

          
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        Section
          7.05. List
          of
          Certificateholders.

        

        Upon
          written request of three or more Certificateholders of record, for purposes
          of
          communicating with other Certificateholders with respect to their rights
          under
          this Agreement, the Trustee will afford such Certificateholders access
          during
          business hours to the most recent list of Certificateholders held by the
          Trustee.

        

        
          
            
            

          

          
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        ARTICLE
          VIII

        CONCERNING
          THE TRUSTEE

        

        Section
          8.01. Duties
          of
          Trustee.

        

        The
          Trustee, prior to the occurrence of an Event of Default and after the curing
          or
          waiver of all Events of Default which may have occurred, undertakes to
          perform
          such duties and only such duties as are specifically set forth in this
          Agreement. If an Event of Default occurs, is continuing and has not been
          waived,
          the Trustee shall exercise such of the rights and powers vested in it by
          this
          Agreement, and use the same degree of care and skill in their exercise
          as a
          prudent man would exercise or use under the circumstances in the conduct
          of his
          own affairs. Any permissive right of the Trustee enumerated in this Agreement
          shall not be construed as a duty.

        

        The
          Trustee, upon receipt of all resolutions, certificates, statements, opinions,
          reports, documents, orders or other instruments furnished to the Trustee
          which
          are specifically required to be furnished pursuant to any provision of
          this
          Agreement, shall examine them in accordance with the requirements of this
          Agreement. If any such instrument is found not to conform to the requirements
          of
          this Agreement in a material manner, the Trustee shall take such action
          as it
          deems appropriate to have the instrument corrected, and if the instrument
          is not
          corrected to the Trustee’s satisfaction, the Trustee will provide notice thereof
          to the Certificateholders. Notwithstanding the foregoing, the Trustee shall
          not
          be responsible for the accuracy or content of any resolution, certificate,
          statement, opinion, report, document, order or other instrument furnished
          by the
          Master Servicer hereunder or any Opinion of Counsel required
          hereunder.

        

        The
          Trustee shall prepare and file or cause to be filed on behalf of the Trust
          Fund
          any tax return that is required with respect to REMIC 1, REMIC 2 and REMIC
          3
          pursuant to applicable federal, state or local tax laws.

        

        The
          Trustee covenants and agrees that it shall perform its obligations hereunder
          in
          a manner so as to maintain the status of REMIC 1, REMIC 2 and REMIC 3 under
          the
          REMIC Provisions and to prevent the imposition of any federal, state or
          local
          income, prohibited transaction, contribution or other tax on any of REMIC
          1,
          REMIC 2 or REMIC 3 to the extent that maintaining such status and avoiding
          such
          taxes are within the control of the Trustee and are reasonably within the
          scope
          of its duties under this Agreement.

        

        No
          provision of this Agreement shall be construed to relieve the Trustee from
          liability for its own negligent action, its own negligent failure to act
          or its
          own willful misconduct; provided, however, that:

        

        (i) Prior
          to
          the occurrence of an Event of Default, and after the curing or waiver of
          all
          such Events of Default which may have occurred, the duties and obligations
          of
          the Trustee shall be determined solely by the express provisions of this
          Agreement, the Trustee shall not be liable except for the performance of
          such
          duties and obligations as are specifically set forth in this Agreement,
          no
          implied covenants or obligations shall be read into this Agreement against
          the
          Trustee and, in the absence of bad faith on the part of the Trustee, the
          Trustee
          may conclusively rely, as to the truth of the statements and the correctness
          of
          the opinions expressed therein, upon any certificates or opinions furnished
          to
          the Trustee and conforming to the requirements of this Agreement;

        

        
          
            
            

          

          
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        (ii) The
          Trustee shall not be liable for an error of judgment made in good faith
          by a
          Responsible Officer or Responsible Officers of the Trustee, unless it shall
          be
          proved that the Trustee was negligent in ascertaining the pertinent facts;
          and

        

        (iii) The
          Trustee shall not be liable with respect to any action taken, suffered
          or
          omitted to be taken by it in good faith in accordance with the direction
          of the
          Holders of Certificates entitled to at least 25% of the Voting Rights relating
          to the time, method and place of conducting any proceeding for any remedy
          available to the Trustee, or exercising any trust or power conferred upon
          the
          Trustee, under this Agreement.

        

        Section
          8.02. Certain
          Matters Affecting the Trustee.

        

        Except
          as
          otherwise provided in Section 8.01:

        

        (a) The
          Trustee may conclusively rely upon and shall be fully protected in acting
          or
          refraining from acting in reliance upon any resolution, Officers’ Certificate,
          certificate of auditors or any other certificate, statement, instrument,
          opinion, report, notice, request, consent, order, appraisal, bond or other
          paper
          or document reasonably believed by it to be genuine and to have been signed
          or
          presented by the proper party or parties;

        

        (b) The
          Trustee may consult with counsel and any Opinion of Counsel shall be full
          and
          complete authorization and protection in respect of any action taken or
          suffered
          or omitted by it hereunder in good faith and in accordance
          therewith;

        

        (c) The
          Trustee shall be under no obligation to exercise any of the trusts or powers
          vested in it by this Agreement, other than its obligation to give notice
          pursuant to this Agreement, or to institute, conduct or defend any litigation
          hereunder or in relation hereto at the request, order or direction of any
          of the
          Certificateholders, pursuant to the provisions of this Agreement, unless
          such
          Certificateholders shall have offered to the Trustee security or indemnity
          satisfactory to it against the costs, expenses and liabilities which may
          be
          incurred therein or thereby; nothing contained herein shall, however, relieve
          the Trustee of the obligation, upon the occurrence of an Event of Default
          of
          which a Responsible Officer of the Trustee’s corporate trust department has
          actual knowledge (which has not been waived or cured), to exercise such
          of the
          rights and powers vested in it by this Agreement, and to use the same degree
          of
          care and skill in their exercise as a prudent man would exercise or use
          under
          the circumstances in the conduct of his own affairs;

        

        
          
            
            

          

          
            143

            
              

            

          

          
            
            

          

        

        (d) The
          Trustee shall not be liable for any action taken, suffered or omitted by
          it in
          good faith and believed by it to be authorized or within the discretion
          or
          rights or powers conferred upon it by this Agreement;

        

        (e) Prior
          to
          the occurrence of an Event of Default hereunder and after the curing or
          waiver
          of all Events of Default which may have occurred, the Trustee shall not
          be bound
          to make any investigation into the facts or matters stated in any resolution,
          certificate, statement, instrument, opinion, report, notice, request, consent,
          order, approval, bond or other paper or document, unless requested in writing
          to
          do so by the Holders of Certificates entitled to at least 25% of the Voting
          Rights; provided, however, that if the payment within a reasonable time
          to the
          Trustee of the costs, expenses or liabilities likely to be incurred by
          it in the
          making of such investigation is, in the opinion of the Trustee, reasonably
          assured to the Trustee by the security afforded to it by the terms of this
          Agreement reasonable expense of every such examination shall be paid by
          the
          Certificateholders requesting the investigation;

        

        (f) The
          Trustee may execute any of the trusts or powers hereunder or perform any
          duties
          hereunder either directly or by or through agents, nominees, custodians
          or
          attorneys appointed with due care, and shall not be responsible for any
          willful
          misconduct or negligence on the part of any agent, attorney, custodian
          or
          nominee so appointed;

        

        (g) The
          Trustee shall not be required to give any bond or surety with respect to
          the
          execution of the trust created hereby or the powers granted hereunder;
          and

        

        (h) Whenever
          in the administration of the provisions of this Agreement the Trustee shall
          deem
          it necessary or desirable that a matter be proved or established prior
          to taking
          or suffering any action to be taken hereunder, such matter (unless other
          evidence in respect thereof be herein specifically prescribed) may, in
          the
          absence of gross negligence or bad faith on the part of the Trustee, be
          deemed
          to be conclusively proved and established by a certificate signed and delivered
          to the Trustee and such certificate, in the absence of gross negligence
          or bad
          faith on the part of the Trustee, shall be full warrant to the Trustee
          for any
          action taken, suffered or omitted by it under the provisions of this Agreement
          upon the faith thereof.

        

        The
          Trustee shall have no obligation to invest and reinvest any cash held in
          the
          absence of timely and specific written investment direction from the Master
          Servicer. In no event shall the Trustee be liable for the selection of
          investments or for investment losses incurred thereon. The Trustee shall
          have no
          liability in respect of losses incurred as a result of the liquidation
          of any
          investment incurred as a result of the liquidation of any investment prior
          to
          its stated maturity or the failure of the Master Servicer to provide timely
          written investment direction.

        

        In
          order
          to comply with the laws, rules, regulations and executive orders in effect
          from
          time to time applicable to banking institutions, including those relating
          to the
          funding of terrorist activities and money laundering (“Lending Laws”), the
          Trustee is required to obtain, verify and record certain information relating
          to
          individuals and entities which maintain a business relationship with the
          Trustee. Accordingly, each of the parties agrees to provide to the Trustee
          upon
          its request from time to time such identifying information and documentation
          as
          may be available for such party in order to enable the Trustee to comply
          with
          the Lending Laws.

        

        
          
            
            

          

          
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        Section
          8.03. Trustee
          Not Liable for Certificates or Mortgage Loans.

        

        The
          recitals contained herein and in the Certificates (other than the signature
          of
          the Trustee, the authentication of the Trustee on the Certificates, the
          acknowledgments of the Trustee contained in Article II) shall be taken
          as the
          statements of the Depositor and the Trustee assumes no responsibility for
          their
          correctness. The Trustee makes no representations or warranties as to the
          validity or sufficiency of this Agreement or of the Certificates (other
          than the
          signature and authentication of the Trustee on the Certificates) or of
          any
          Mortgage Loan or related document, or of MERS or the MERS® System. The Trustee
          shall not be accountable for the use or application by the Depositor of
          any of
          the Certificates or of the proceeds of such Certificates, or for the use
          or
          application of any funds paid to the Depositor or the Master Servicer in
          respect
          of the Mortgage Loans or deposited in or withdrawn from the Custodial Account
          by
          the Master Servicer.

        

        Section
          8.04. Trustee
          May Own Certificates.

        

        The
          Trustee in its individual or any other capacity (other than as Trustee
          hereunder) may become the owner or pledgee of Certificates with the same
          rights
          it would have if it were not Trustee and may otherwise deal with the parties
          hereto.

        

        Section
          8.05. Trustee’s
          Fees.

        

        On
          each
          Distribution Date, the Trustee shall be entitled to withdraw from the
          Certificate Account as compensation hereunder any amounts earned on funds
          in the
          Certificate Account. Such compensation (which shall not be limited by any
          provision of law in regard to the compensation of a trustee of an express
          trust)
          shall be paid for all services rendered by it in the execution of the trusts
          hereby created and in the exercise and performance of any of the powers
          and
          duties hereunder or of the Trustee. Except as otherwise provided in this
          Agreement, the Trustee and any director, officer, employee or agent of
          the
          Trustee shall be indemnified and held harmless by the Trust Fund against
          any
          claim, loss, liability, fee or expense incurred in connection with any
          Event of
          Default, any breach of this Agreement or any claim or legal action (including
          any pending or threatened claim or legal action), relating to the acceptance
          or
          administration of its trusts hereunder or the Trustee’s performance under the
          Certificates, other than any claim, loss, liability or expense (i) sustained
          in
          connection with this Agreement related to the willful misfeasance, bad
          faith or
          negligence of the Master Servicer in the performance of its duties hereunder
          or
          (ii) incurred in connection with a breach constituting willful misfeasance,
          bad
          faith or negligence of the Trustee in the performance of its duties hereunder
          or
          by reason of reckless disregard of its obligations and duties
          hereunder.

        

        The
          Master Servicer shall indemnify the Trustee and any director, officer,
          employee
          or agent of the Trustee against any such claim or legal action (including any
          pending or threatened claim or legal action), loss, liability, fee or expense
          that may be sustained in connection with this Agreement related to the
          willful
          misfeasance, bad faith, or negligence in the performance of the Master
          Servicer's duties hereunder.

        

        
          
            
            

          

          
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        The
          provisions of this Section 8.05 shall survive the resignation or removal
          of the
          Trustee or the termination of this Agreement.

        

        Section
          8.06. Eligibility
          Requirements for Trustee.

        

        The
          Trustee hereunder shall at all times be a corporation or a national banking
          association organized and doing business under the laws of any state or
          the
          United States of America or the District of Columbia, authorized under
          such laws
          to exercise corporate trust powers, having a combined capital and surplus
          of at
          least $50,000,000 and subject to supervision or examination by federal
          or state
          authority. In addition, the Trustee shall at all times be acceptable to
          the
          Rating Agency rating the Certificates. If such corporation publishes reports
          of
          condition at least annually, pursuant to law or to the requirements of
          the
          aforesaid supervising or examining authority, then for the purposes of
          this
          Section the combined capital and surplus of such corporation shall be deemed
          to
          be its combined capital and surplus as set forth in its most recent report
          of
          condition so published. In case at any time the Trustee shall cease to
          be
          eligible in accordance with the provisions of this Section, the Trustee
          shall
          resign immediately in the manner and with the effect specified in Section
          8.07.
          The corporation or national banking association serving as Trustee may
          have
          normal banking and trust relationships with the Sponsor and their affiliates
          or
          the Master Servicer and its affiliates; provided,
          however,
          that
          such corporation cannot be an affiliate of the Master Servicer other than
          the
          Trustee in its role as successor to the Master Servicer.

        

        Section
          8.07. Resignation
          and Removal of the Trustee.

        

        The
          Trustee may at any time resign and be discharged from the trusts hereby
          created
          by giving written notice thereof to the Master Servicer; with a copy to
          the
          Rating Agencies and the Swap Provider; provided,
          that
          such resignation shall not be effective until successor trustee is appointed
          and
          accepts appointment in accordance with the following provisions; provided,
          however,
          that
          the resigning trustee shall not resign and be discharged from the trusts
          hereby
          created until such time as the Rating Agency rating the Certificates approves
          the successor trustee. Upon receiving such notice of resignation, the Master
          Servicer shall promptly appoint successor trustee who meets the eligibility
          requirements of Section 8.06 by written instrument, in triplicate, one
          copy of
          which instrument shall be delivered to the resigning trustee and to the
          successor trustee. If no successor trustee shall have been so appointed
          and have
          accepted appointment within 30 days after the giving of such notice of
          resignation, the resigning trustee may petition any court of competent
          jurisdiction for the appointment of a successor trustee.

        

        If
          at any
          time the Trustee shall cease to be eligible in accordance with the provisions
          of
          Section 8.06 and shall fail to resign after written request therefor by
          the
          Master Servicer, or if at any time the Trustee shall become incapable of
          acting,
          or shall be adjudged bankrupt or insolvent, or a receiver of the Trustee
          or of
          its property shall be appointed, or any public officer shall take charge
          or
          control of the Trustee or of its property or affairs for the purpose of
          rehabilitation, conservation or liquidation, the Master Servicer may remove
          the
          Trustee and appoint successor trustee who meets the eligibility requirements
          of
          Section 8.06 by written instrument, in triplicate, which instrument shall
          be
          delivered to the Trustee so removed and to the successor trustee.

        

        
          
            
            

          

          
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        Any
          resignation or removal of the Trustee and appointment of a successor trustee
          pursuant to any of the provisions of this Section shall not become effective
          until acceptance of appointment by the successor trustee as provided in
          Section
          8.08.

        

        Section
          8.08. Successor
          Trustee.

        

        Any
          successor trustee appointed as provided in Section 8.07 shall execute,
          acknowledge and deliver to the Master Servicer an instrument accepting
          such
          appointment hereunder, and thereupon the resignation or removal of the
          predecessor trustee shall become effective and such successor trustee,
          without
          any further act, deed or conveyance, shall become fully vested with all
          the
          rights, powers, duties and obligations of its predecessor hereunder, with
          the
          like effect as if originally named as trustee herein. The predecessor trustee
          shall after payment of its outstanding fees and expenses, promptly deliver
          to
          the successor trustee all assets and records of the Trust Fund held by
          it
          hereunder, and the Master Servicer and the predecessor trustee shall execute
          and
          deliver all such instruments and do such other things as may reasonably
          be
          required for more fully and certainly vesting and confirming in the successor
          trustee all such rights, powers, duties and obligations.

        

        No
          successor trustee shall accept appointment as provided in this Section
          unless at
          the time of such acceptance such successor trustee shall be eligible under
          the
          provisions of Section 8.06.

        

        Upon
          acceptance of appointment by successor trustee as provided in this Section,
          the
          Master Servicer shall mail notice of the succession of such trustee hereunder
          to
          all Holders of Certificates at their addresses as shown in the Certificate
          Register. If the Master Servicer fails to mail such notice within ten days
          after
          acceptance of appointment by the successor trustee, the successor trustee
          shall
          cause such notice to be mailed at the expense of the Master
          Servicer.

        

        Section
          8.09. Merger
          or
          Consolidation of Trustee.

        

        Any
          state
          bank or trust company or corporation or national banking association into
          which
          the Trustee may be merged or converted or with which it may be consolidated
          or
          any state bank or trust company or national banking association resulting
          from
          any merger, conversion or consolidation to which the Trustee shall be a
          party,
          or any state bank or trust company or corporation or national banking
          association succeeding to all or substantially all of the corporate trust
          business of the Trustee, shall be the successor of the Trustee hereunder,
          provided such state bank or trust company or corporation or national banking
          association shall be eligible under the provisions of Section 8.06 without
          the
          execution or filing of any paper or any further act on the part of any
          of the
          parties hereto, anything herein to the contrary notwithstanding.

        

        
          
            
            

          

          
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        Section
          8.10. Appointment
          of Co-Trustee or Separate Trustee.

        

        Notwithstanding
          any other provisions hereof, at any time, for the purpose of meeting any
          legal
          requirements of any jurisdiction in which any part of the Trust Fund or
          property
          securing the same may at the time be located, the Master Servicer and the
          Trustee acting jointly shall have the power and shall execute and deliver
          all
          instruments to appoint one or more Persons approved by the Trustee to act
          as
          co-trustee or co-trustees, jointly with the Trustee or separate trustee
          or
          separate trustees, of all or any part of the Trust Fund, and to vest in
          such
          Person or Persons, in such capacity, such title to the Trust Fund, or any
          part
          thereof, and, subject to the other provisions of this Section 8.10, such
          powers,
          duties, obligations, rights and trusts as the Master Servicer and the Trustee
          may consider necessary or desirable. If the Master Servicer shall not have
          joined in such appointment within 15 days after the receipt by it of a
          request
          so to do, or in case an Event of Default shall have occurred and be continuing,
          the Trustee alone shall have the power to make such appointment without
          the
          Master Servicer. No co-trustee or separate trustee hereunder shall be required
          to meet the terms of eligibility as successor trustee under Section 8.06
          hereunder and no notice to Holders of Certificates of the appointment of
          co-trustee(s) or separate trustee(s) shall be required under Section 8.08
          hereof.

        

        In
          the
          case of any appointment of a co-trustee or separate trustee pursuant to
          this
          Section 8.10, all rights, powers, duties and obligations conferred or imposed
          upon the Trustee and required to be conferred or such co-trustee shall
          be
          conferred or imposed upon and exercised or performed by the Trustee and
          such
          separate trustee or co-trustee jointly, except to the extent that under
          any law
          of any jurisdiction in which any particular act or acts are to be performed
          (whether as Trustee hereunder or as successor to the Master Servicer hereunder),
          the Trustee shall be incompetent or unqualified to perform such act or
          acts, in
          which event such rights, powers, duties and obligations (including the
          holding
          of title to the Trust Fund or any portion thereof in any such jurisdiction)
          shall be exercised and performed by such separate trustee or co-trustee
          at the
          direction of the Trustee.

        

        Any
          notice, request or other writing given to the Trustee shall be deemed to
          have
          been given to each of the then separate trustees and co-trustees, as effectively
          as if given to each of them. Every instrument appointing any separate trustee
          or
          co-trustee shall refer to this Agreement and the conditions of this Article
          VIII. Each separate trustee and co-trustee, upon its acceptance of the
          trusts
          conferred, shall be vested with the estates or property specified in its
          instrument of appointment, either jointly with the Trustee or separately,
          as may
          be provided therein, subject to all the provisions of this Agreement,
          specifically including every provision of this Agreement relating to the
          conduct
          of, affecting the liability of, or affording protection to, the Trustee.
          Every
          such instrument shall be filed with the Trustee.

        

        
          
            
            

          

          
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        Any
          separate trustee or co-trustee may, at any time, constitute the Trustee
          its
          agent or attorney-in-fact, with full power and authority, to the extent
          not
          prohibited by law, to do any lawful act under or in respect of this Agreement
          on
          its behalf and in its name. If any separate trustee or co-trustee shall
          die,
          become incapable of acting, resign or be removed, all of its estates,
          properties, rights, remedies and trusts shall vest in and be exercised
          by the
          Trustee to the extent permitted by law, without the appointment of a new
          or
          successor trustee.

        

        
          
            
            

          

          
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        ARTICLE
          IX

        TERMINATION

        

        Section
          9.01. Termination
          Upon Repurchase or Liquidation of All Mortgage Loans or upon Purchase of
          Certificates.

        

        (a) Subject
          to Section 9.03, the respective obligations and responsibilities of the
          Depositor, the Master Servicer and the Trustee created hereby (other than
          the
          obligations of the Master Servicer to the Trustee pursuant to Section 8.05
          and
          of the Master Servicer to provide for and the Trustee to make payments
          to
          Certificateholders as hereafter set forth) shall terminate upon payment
          to the
          Certificateholders of all amounts held by or on behalf of the Trustee and
          required to be paid to them hereunder following the earlier to occur of
          (i) the
          repurchase by the Master Servicer or its designee of all Mortgage Loans
          and each
          REO Property in respect thereof remaining in the Trust Fund at a price
          in cash
          equal to (a) 100% of the unpaid principal balance of each Mortgage Loan
          (other
          than one as to which a REO Property was acquired) on the day of repurchase
          together with accrued interest on such unpaid principal balance at the
          Net
          Mortgage Rate to the first day of the month in which the proceeds of such
          repurchase are to be distributed, plus (b) the appraised value of any REO
          Property (but not more than the unpaid principal balance of the related
          Mortgage
          Loan, together with accrued interest on that balance at the Net Mortgage
          Rate to
          the first day of the month such repurchase price is distributed), less
          the good
          faith estimate of the Master Servicer of liquidation expenses to be incurred
          in
          connection with its disposal thereof, such appraisal to be conducted by
          an
          appraiser mutually agreed upon by the Master Servicer and the Trustee at
          the
          expense of the Master Servicer, plus (c) any Swap Termination Payment (which
          shall include any Net Swap Payment payable for the final Distribution Date)
          payable to the Swap Provider pursuant to the Interest Rate Swap Agreement
          which
          remains unpaid or which is due to the exercise of such option (a “Swap Optional
          Termination Payment”) and (ii) the final payment or other liquidation (or any
          Advance with respect thereto) of the last Mortgage Loan remaining in the
          Trust
          Fund (or the disposition of all REO Property in respect thereof); provided,
          however,
          that in
          no event shall the trust created hereby continue beyond the earlier of
          (i) the
          Distribution Date occurring in November 2036 (ii) the expiration of 21
          years
          from the death of the last survivor of the descendants of Joseph P. Kennedy,
          the
          late ambassador of the United States to the Court of St. James, living
          on the
          date hereof and (iii) the “latest possible maturity date” specified in the
          Preliminary Statements with respect to the related Regular Interests and
          Certificates, and provided further,
          that
          the purchase price set forth above shall be increased as is necessary,
          as
          determined by the Master Servicer, to avoid disqualification of any of
          REMIC 1,
          REMIC 2 or REMIC 3 as a REMIC. In the case of any repurchase by the Master
          Servicer pursuant to clause (i), the Master Servicer shall exercise reasonable
          efforts to cooperate fully with the Trustee in effecting such repurchase
          and the
          transfer of the Mortgage Loans and related Mortgage Files and related records
          to
          the Master Servicer.

        

        
          
            
            

          

          
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        The
          right
          of the Master Servicer or its designee to repurchase all Mortgage Loans
          pursuant
          to (i) above shall be conditioned upon the Aggregate Stated Principal Balance
          of
          such Mortgage Loans at the time of any such repurchase aggregating to an
          amount
          equal to or less than 10% of the Cut-off Date Balance. If such right is
          exercised, the Master Servicer upon such repurchase shall provide to the
          Trustee, notice of such exercise prior to the Determination Date in the
          month
          preceding the month of purchase and the certification required by Section
          3.16.

        

        In
          the
          case of a repurchase of Mortgage Loans and REO Property pursuant to clause
          (a)(i) above, only an amount equal to the repurchase price specified in
          such
          clause (a)(i) above for such Mortgage Loans and REO Property, less any
          Swap
          Optional Termination Payment, shall be made available for distribution
          to the
          Regular Certificates and Class IO Interests. The Swap Optional Termination
          Payment shall be withdrawn by the Trustee from the Certificate Account
          and
          remitted to the Supplemental Interest Trust to be paid in accordance with
          Section 4.09(ii). The Swap Optional Termination Payment shall not be part
          of any
          REMIC and shall not be paid into any account which is part of any
          REMIC.

        

        (b) The
          Master Servicer has the right to repurchase all of the Mortgage Loans and
          related REO Properties pursuant to clause (i) of Section 9.01(a), conditioned
          upon the Aggregate Stated Principal Balance of such Mortgage Loans at the
          time
          of any such repurchase aggregating to an amount equal to or less than 10%
          of the
          Cut-off Date Balance. If the Master Servicer elects to terminate the Trust
          pursuant to this Section 9.01 (such termination, an “Optional Termination”), the
          Master Servicer shall, at least 20 days prior to the last date on which
          notice
          of such Optional Termination is required to be mailed to the Certificateholders
          pursuant to 9.01(f), notify in writing (which may be done in electronic
          format)
          the Depositor, the Master Servicer, the Trustee and the Swap Provider of
          the
          final Distribution Date on which the Master Servicer intends to terminate
          the
          Trust Fund. 

        

        (c) In
          connection with any Optional Termination, four Business Days prior to the
          final
          Distribution Date specified in the notice required pursuant to Section
          9.01(f),
          the Master Servicer shall, no later than 4:00 pm New York City time on
          such day,
          request in writing (in accordance with the applicable provision of the
          Interest
          Rate Swap Agreement) and by phone from the Swap Provider the amount of
          the
          Estimated Swap Termination Payment. The Swap Provider shall, no later than
          2:00
          pm on the following Business Day, notify in writing (which may be done
          in
          electronic format) the Trustee of the amount of the Estimated Swap Termination
          Payment; the Trustee shall promptly on the same day notify the Master Servicer
          of the amount of the Estimated Swap Termination Payment. 

        

        (d) Two
          Business Days prior to the final Distribution Date specified in the notice
          required pursuant to Section 9.01(f), (i) the Master Servicer shall, no
          later
          than 1:00 pm New York City time on such day, deposit funds in the Certificate
          Account in an amount equal to the sum of the purchase price (other than
          the Swap
          Optional Termination Payment) and the Estimated Swap Termination Payment,
          and
          (ii) if Trustee is notified in writing that the aggregate Stated Principal
          Balance of all of the Mortgage Loans in the Trust Fund as of the related
          Determination Date is not more than 10% of the aggregate Cut-off Date Balance
          of
          all of the Mortgage Loans, and the requirements of the Optional Termination
          set
          forth in this Section 9.01 and Section 9.03 have been met, including the
          deposit
          required pursuant to the immediately preceding clause (i) then the Trustee
          shall, on the same Business Day, provide written notice to the Depositor,
          the
          Master Servicer, the Trustee on behalf of the Supplemental Interest Trust
          and
          the Swap Provider confirming (in accordance with the applicable provisions
          of
          the Interest Rate Swap Agreement) its receipt of the purchase price (other
          than
          the Swap Optional Termination Payment) and the Estimated Swap Termination
          Payment. Upon the Trustee’s providing the notice described in the preceding
          sentence, the Optional Termination shall become irrevocable, the notice
          to the
          related Certificateholders of such Optional Termination provided pursuant
          to the
          second paragraph of Section 9.01(f) shall become unrescindable, the Swap
          Provider shall determine the Swap Optional Termination Payment in accordance
          with the Interest Rate Swap Agreement, and the Swap Provider shall provide
          to
          the Trustee written notice of the amount of the Swap Optional Termination
          Payment not later than one Business Day prior to the final Distribution
          Date
          specified in the notice required pursuant to Section 9.01(f) and in the
          event
          the Trustee fails to provide the notice described in the preceding sentence,
          any
          notice provided under Section 9.01(f) shall be deemed rescinded. 

        

        
          
            
            

          

          
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        (e) In
          connection with any Optional Termination, only an amount equal to the purchase
          price less any Swap Optional Termination Payment shall be made available
          for
          distribution to the Regular Certificates. Any Estimated Swap Termination
          Payment
          deposited into the Distribution Account by the Master Servicer shall be
          withdrawn by the Trustee from the Distribution Account on the related final
          Distribution Date (prior to the distribution of any amounts pursuant to
          Section
          9.01(f)) and distributed as follows: (i) to the Supplemental Interest Trust
          for
          payment to the Swap Provider in accordance with Section 4.09(ii), as applicable,
          an amount equal to the Swap Optional Termination Amount calculated pursuant
          to
          the Interest Rate Swap Agreement, provided that in no event shall the amount
          distributed to the Swap Provider in respect of the Swap Optional Termination
          Amount exceed the Estimated Swap Termination Payment, and (ii) to the Master
          Servicer an amount equal to the excess, if any, of the Estimated Swap
          Termination Payment over the Swap Optional Termination Payment. The Swap
          Optional Termination Payment shall not be part of any REMIC and shall not
          be
          paid into any account which is part of any REMIC.

        

        (f) Written
          notice of any termination, specifying the Distribution Date upon which
          the
          Certificateholders may surrender their Certificates to the Trustee for
          payment
          of the final distribution and cancellation, shall be given promptly by
          the
          Trustee by letter to the Certificateholders and the Swap Provider mailed
          (a) in
          the event such notice is given in connection with the Master Servicer's
          election
          to repurchase, not earlier than the 15th day and not later than the 25th
          day of
          the month next preceding the month of such final distribution or (b) otherwise
          during the month of such final distribution on or before the 15th day of
          the
          month (or if such 15th day is not a Business Day, on the Business Day
          immediately preceding such 15th day) in such month, in each case specifying
          (i)
          the Distribution Date upon which final payment of such Certificates will
          be made
          upon presentation and surrender of Certificates at the office of the Trustee
          therein designated, (ii) the amount of any such final payment and (iii)
          that the
          Record Date otherwise applicable to such Distribution Date is not applicable,
          payments being made only upon presentation and surrender of such Certificates
          at
          the office of the Trustee therein specified. In the event such notice is
          given
          in connection with the Master Servicer or its designee's election to repurchase,
          the Master Servicer or its designee shall deliver to the Trustee for deposit
          in
          the Certificate Account on the day which is two Business Days immediately
          preceding the Distribution Date specified in such notice an amount equal
          to the
          above-described repurchase price payable out of its own funds. Upon presentation
          and surrender of the Certificates by the Certificateholders, the Trustee
          shall
          first, pay itself its fee for such Distribution Date (as described in Section
          8.05 ) and any other amounts owing to the Trustee under this Agreement,
          and
          second, distribute to such Certificateholders (i) the amount otherwise
          distributable on such Distribution Date, if not in connection with the
          Master
          Servicer's election to repurchase, or (ii) if the Master Servicer elected
          to so
          repurchase, an amount determined as follows: with respect to each Regular
          Certificate, the outstanding Certificate Principal Balance thereof, plus
          with
          respect to each Regular Certificate (other than the Class P Certificates)
          and
          the Class IO Interest, one month's interest thereon at the applicable
          Pass-Through Rate, or otherwise distributable thereto, and any Unpaid Interest
          Shortfall Amount, plus with respect to each Subordinate Certificate, any
          unpaid
          Allocated Realized Loss Amount; with respect to the Class R Certificates,
          the
          Percentage Interest evidenced thereby multiplied by the difference, if
          any,
          between the above described repurchase price (as adjusted in accordance
          with the
          preceding paragraph) and the aggregate amount to be distributed to the
          Holders
          of the Regular Certificates and the Class IO Interest, subject to the priorities
          set forth in Section 4.01. Upon certification to the Trustee by a Servicing
          Officer, following such final deposit, the Trustee shall promptly release
          the
          Mortgage Files as directed by the Master Servicer for the remaining Mortgage
          Loans, and the Trustee shall execute all assignments, endorsements and
          other
          instruments required by the Master Servicer as being necessary to effectuate
          such transfer.

        

        
          
            
            

          

          
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        In
          the
          event that all of the Certificateholders shall not surrender their Certificates
          for cancellation within six months after the time specified in the
          above-mentioned notice, the Trustee shall give a second notice to the remaining
          Certificateholders to surrender their Certificates for cancellation and
          receive
          the final distribution with respect thereto. If within six months after
          the
          second notice all of the Certificates shall not have been surrendered for
          cancellation, the Trustee shall take reasonable steps as directed by the
          Depositor in writing, or appoint an agent to take reasonable steps, to
          contact
          the remaining Certificateholders concerning surrender of their Certificates,
          and
          the cost thereof shall be paid out of the funds and other assets which
          remain
          subject hereto. If within nine months after the second notice all the
          Certificates shall not have been surrendered for cancellation, the Class
          R
          Certificateholders shall be entitled to all unclaimed funds and other assets
          which remain subject hereto.

        

        Section
          9.02. Termination
          of REMIC 3 and Retirement of Class R Certificates.

        

        REMIC
          3
          shall be terminated on the earlier of (i) the date on which the last
          distribution due on each of the REMIC 3 Regular Interests and Class R
          Certificates (in respect of the Class R-3 Interest) is made and (ii) the
          date on
          which it is terminated pursuant to an optional repurchase of all of the
          Mortgage
          Loans in accordance with Section 9.03.
          Notwithstanding anything to the contrary herein, the Class R Certificates
          will
          not be retired until the retirement of all the other Certificates.

        

        
          
            
            

          

          
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        Section
          9.03. Additional
          Termination Requirements.

        

        (a) In
          the
          event the Master Servicer repurchases the Mortgage Loans or REO Property
          as
          provided in Section 9.01, the Trust Fund shall be terminated in accordance
          with
          the following additional requirements, unless the Master Servicer, at its
          own
          expense, obtains for the Trustee an Opinion of Counsel (which shall be
          provided
          to the Trustee at least two Business Days prior to the related Distribution
          Date) to the effect that the failure of the Trust Fund to comply with the
          requirements of this Section 9.03 will not (i) result in the imposition
          on the
          Trust of taxes on “prohibited transactions,” as described in Section 860F of the
          Code, or (ii) cause either REMIC 1, REMIC 2 or REMIC 3 to fail to qualify
          as a
          REMIC at any time that any Certificate is outstanding:

        

        (i) The
          Master Servicer shall establish a 90-day liquidation period and notify
          the
          Trustee in writing thereof, and the Trustee shall in turn specify the first
          day
          of such period in a statement attached to the Tax Return for each of REMIC
          1,
          REMIC 2 and REMIC 3 pursuant to Treasury Regulation Section 1.860F-1. The
          Master
          Servicer and the Trustee also shall satisfy all of the requirements of
          a
          qualified liquidation for REMIC 1, REMIC 2 and REMIC 3 under Section 860F
          of the
          Code and regulations thereunder, as evidenced by an Opinion of Counsel
          obtained
          at the expense of the Master Servicer, as applicable; 

        

        (ii) During
          such 90-day liquidation period, and at or prior to the time of making the
          final
          payment on the Certificates, the Trustee shall sell all of the assets of
          REMIC 1
          for cash; and

        

        (iii) At
          the
          time of the making of the final payment on the Certificates, the Trustee
          shall
          distribute or credit, or cause to be distributed or credited, to the Holders
          of
          the Class R Certificates, all cash on hand (other than cash retained to
          meet
          claims), and REMIC 1 shall terminate at that time.

        

        (b) By
          their
          acceptance of the Certificates, the Holders thereof hereby authorize the
          adoption of a 90-day liquidation period and the adoption of a plan of complete
          liquidation for the REMICs, which authorization shall be binding upon all
          successor Certificateholders.

        

        (c) The
          Trustee as agent for each REMIC hereby agrees to adopt and sign the related
          plan
          of complete liquidation meeting the requirements for a qualified liquidation
          under Section 860F of the Code and any regulations thereunder upon the
          written
          request of the Master Servicer and the receipt of the Opinion of Counsel
          referred to in clause (a)(i) above and to take such other action in connection
          therewith as may be reasonably requested by the Master Servicer.

        

        
          
            
            

          

          
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        ARTICLE
          X

        REMIC
          PROVISIONS

        

        Section
          10.01. REMIC
          Administration.

        

        (a) The
          Trustee shall make an election to treat the Trust Fund as three REMICs
          under the
          Code and, if necessary, under applicable state law. Each such election
          will be
          made on Form 1066 or other appropriate federal tax or information return
          (including Form 8811) or any appropriate state return for the taxable year
          ending on the last day of the calendar year in which the Certificates are
          issued. For the purposes of the REMIC elections in respect of the Trust
          Fund,
          (i) the Class R-1 Interest will constitute the sole class of Residual Interests
          in REMIC 1, the REMIC 1 Regular Interests shall be designated as the Regular
          Interests in REMIC 1 (ii) the Class R-2 Interest will constitute the sole
          class
          of Residual Interests in REMIC 2, the REMIC 2 Regular Interests shall be
          designated as the Regular Interests in REMIC 2, and (iii) the Class R-3
          Interest
          will constitute the sole class of Residual Interests in REMIC 3, and the
          REMIC 3
          Regular Interests shall be designated as the Regular Interests in REMIC
          3. The
          Master Servicer and the Trustee shall not permit the creation of any “interests”
(within the meaning of Section 860G of the Code) in REMIC 1, REMIC 2 or
          REMIC 3
          other than the REMIC 1 Regular Interests, REMIC 2 Regular Interests, REMIC
          3
          Regular Interests, the Class R-1 Interest, the Class R-2 Interest and the
          Class
          R-3 Interest. The Trustee will apply for an Employee Identification Number
          from
          the Internal Revenue Service via Form SS-4 or any other acceptable method
          for
          each of REMIC 1, REMIC 2 and REMIC 3.

        

        (b) The
          Closing Date is hereby designated as the “startup day” of the Trust Fund within
          the meaning of Section 860G(a)(9) of the Code.

        

        (c) The
          Trustee shall pay out of its own funds, without any right of reimbursement,
          any
          and all expenses relating to any tax audit of the REMICs (including, but
          not
          limited to, any professional fees or any administrative or judicial proceedings
          with respect to the REMICs that involve the Internal Revenue Service or
          state
          tax authorities), other than the expense of obtaining any tax-related Opinion
          of
          Counsel except as specified herein. The Trustee, as agent for the REMICs'
          Tax
          Matters Person, shall (i) act on behalf of the REMICs in relation to any
          tax
          matter or controversy involving the Trust Fund and (ii) represent the Trust
          Fund
          in any administrative or judicial proceeding relating to an examination
          or audit
          by any governmental taxing authority with respect thereto. 

        

        (d) The
          Trustee shall prepare, sign and file all of the Tax Returns (including
          Form
          8811, which must be filed within 30 days of the Closing Date) in respect
          of the
          REMICs created hereunder. The expenses of preparing and filing such returns
          shall be borne by the Trustee without any right of reimbursement therefor.
          The
          Master Servicer shall provide on a timely basis to the Trustee or its designee
          such information with respect to the assets of the REMICs as is in its
          possession and reasonably required by the Trustee to enable it to perform
          its
          obligations under this Article X.

        

        
          
            
            

          

          
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        (e) The
          Trustee shall perform on behalf of the REMICs all reporting and other tax
          compliance duties that are the responsibility of the REMICs under the Code,
          the
          REMIC Provisions or other compliance guidance issued by the Internal Revenue
          Service or any state or local taxing authority. Among its other duties,
          as
          required by the Code, the REMIC Provisions or other such compliance guidance,
          the Trustee shall provide (i) to any Transferor of a Class R Certificate
          such
          information as is necessary for the application of any tax relating to
          the
          transfer of a Class R Certificate to any Person who is not a Permitted
          Transferee, (ii) to the Certificateholders such information or reports
          as are
          required by the Code or the REMIC Provisions including reports relating
          to
          interest, original issue discount and market discount or premium (using
          the
          Prepayment Assumption as required) and (iii) to the Internal Revenue Service
          the
          name, title, address and telephone number of the Person who will serve
          as the
          representative of the REMICs. The Master Servicer shall provide on a timely
          basis to the Trustee such information with respect to the assets of the
          REMICs,
          including, without limitation, the Mortgage Loans, as is in its possession
          and
          reasonably required by the Trustee to enable it to perform its obligations
          under
          this subsection. In addition, the Depositor shall provide or cause to be
          provided to the Trustee, within ten (10) days after the Closing Date, all
          information or data that the Trustee reasonably determines to be relevant
          for
          tax purposes as to the valuations and issue prices of the Certificates,
          including, without limitation, the price, yield, Prepayment Assumption
          and
          projected cash flow of the Certificates.

        

        (f) The
          Trustee shall take such action and shall cause the REMICs created hereunder
          to
          take such action as shall be necessary to create or maintain the status
          thereof
          as REMICs under the REMIC Provisions (and the Master Servicer shall assist
          it,
          to the extent reasonably requested by it). The Trustee shall not take any
          action
          or cause the Trust Fund to take any action, or fail to take (or fail to
          cause to
          be taken), any action that, under the REMIC Provisions, if taken or not
          taken,
          as the case may be, could (i) endanger the status of the REMIC 1, REMIC
          2 or
          REMIC 3 as REMICs or (ii) result in the imposition of a tax upon the REMICs
          (including but not limited to the tax on prohibited transactions as defined
          in
          Section 860F(a)(2) of the Code and the tax on contributions to a REMIC
          set forth
          in Section 860G(d) of the Code) (either such event, an “Adverse REMIC Event”)
          unless the Trustee has received an Opinion of Counsel, addressed to the
          Trustee
          (at the expense of the party seeking to take or not take such action, but
          in no
          event at the expense of the Trustee) to the effect that the contemplated
          action
          or omission will not, with respect to the REMICs created hereunder, endanger
          such status or result in the imposition of such a tax; nor shall the Master
          Servicer take, or fail to take, any action (whether or not authorized hereunder)
          as to which the Trustee has advised it in writing that it has received
          an
          Opinion of Counsel to the effect that an Adverse REMIC Event could occur
          with
          respect to the taking, or omission of, such action. In addition, prior
          to
          taking, or failing to take, any action with respect to the REMICs or the
          assets
          of the REMICs, or causing, or failing to cause, the REMICs to take any
          action,
          which is not contemplated under the terms of this Agreement, the Master
          Servicer
          will consult with the Trustee or its designee, in writing, with respect
          to
          whether the taking, or omission of, such action could cause an Adverse
          REMIC
          Event to occur with respect to any REMIC, and the Master Servicer shall
          not
          take, or fail to take, any such action, or cause, or fail to cause, any
          REMIC to
          take, any such action as to which the Trustee has advised it in writing
          that an
          Adverse REMIC Event could occur. The Trustee may consult with counsel to
          provide
          such written advice, and the cost of same shall be borne by the party seeking
          to
          take or not take the action other than as permitted by this Agreement,
          but in no
          event shall such cost be an expense of the Trustee. At all times as may
          be
          required by the Code, the Trustee will ensure that substantially all of
          the
          assets of the REMICs created hereunder will consist of “qualified mortgages” as
          defined in Section 860G(a)(3) of the Code and “permitted investments” as defined
          in Section 860G(a)(5) of the Code.

        

        
          
            
            

          

          
            156

            
              

            

          

          
            
            

          

        

        (g) In
          the
          event that any tax is imposed on “prohibited transactions” of any REMIC created
          hereunder as defined in Section 860F(a)(2) of the Code, on the “net income from
          foreclosure property” of any REMIC as defined in Section 860G(c) of the Code, on
          any contributions to any REMIC after the Startup Day therefor pursuant
          to
          Section 860G(d) of the Code, or any other tax is imposed by the Code or
          any
          applicable provisions of state or local tax laws, such tax shall be charged
          (i)
          to the Trustee pursuant to Section 10.03 hereof, if such tax arises out
          of or
          results from a breach by the Trustee of any of its obligations under this
          Article X, (ii) to the Master Servicer pursuant to Section 10.03 hereof,
          if such
          tax arises out of or results from a breach by the Master Servicer of any
          of its
          obligations under Article III or this Article X or otherwise, (iii) to
          the
          Master Servicer as provided in Section 3.05 and (iv) against amounts on
          deposit
          in the Certificate Account and shall be paid by withdrawal therefrom to
          the
          extent not required to be paid by the Master Servicer or the Trustee pursuant
          to
          another provision of this Agreement.

        

        (h) On
          or
          before April 15 of each calendar year, commencing April 15, 2008, the Trustee
          shall deliver to the Master Servicer and the Rating Agency a Certificate
          from a
          Responsible Officer of the Trustee stating the Trustee’s compliance with this
          Article X.

        

        (i) The
          Trustee shall, for federal income tax purposes, maintain books and records
          with
          respect to the REMICs on a calendar year and on an accrual basis.

        

        (j) Following
          the Startup Day, the Trustee shall not accept any contributions of assets
          to the
          REMICs other than in connection with any Qualified Substitute Mortgage
          Loan
          delivered in accordance with Section 2.04 unless it shall have received
          an
          Opinion of Counsel to the effect that the inclusion of such assets in the
          REMICs
          will not cause REMIC 1, REMIC 2 or REMIC 3 to fail to qualify as REMICs
          at any
          time that any Certificates are outstanding or subject any of REMIC 1, REMIC
          2 or
          REMIC 3 to any tax under the REMIC Provisions or other applicable provisions
          of
          federal, state and local law or ordinances.

        

        (k) Neither
          the Trustee nor the Master Servicer shall enter into any arrangement under
          which
          the REMICs will receive a fee or other compensation for services nor permit
          the
          REMICs to receive any income from assets other than “qualified mortgages” as
          defined in Section 860G(a)(3) of the Code or “permitted investments” as defined
          in Section 860G(a)(5) of the Code.

        

        
          
            
            

          

          
            157

            
              

            

          

          
            
            

          

        

        Section
          10.02. Prohibited
          Transactions and Activities.

        

        None
          of
          the Depositor, the Master Servicer or the Trustee shall (except as otherwise
          expressly permitted under the terms of this Agreement) (1) sell, dispose
          of, or
          substitute any property for any of, the Mortgage Loans (except in connection
          with (i) the foreclosure of a Mortgage Loan, including but not limited
          to, the
          acquisition or sale of a Mortgaged Property acquired by deed in lieu of
          foreclosure, (ii) the bankruptcy of the Trust Fund, (iii) the termination
          of
          REMIC 1, REMIC 2 or REMIC 3 pursuant to Article IX of this Agreement, (iv)
          a
          substitution pursuant to Article II of this Agreement or (v) a purchase
          of
          defective or defaulted Mortgage Loans pursuant to Article II or III of
          this
          Agreement), (2) acquire any assets for the Trust Fund (other than REO Property
          acquired in respect of a defaulted Mortgage Loan), (3) sell or dispose
          of any
          investments in the Custodial Account or the Certificate Account for gain,
          (4)
          accept any contributions to the REMICs after the Closing Date (other than
          a
          Qualified Substitute Mortgage Loan delivered in accordance with Section
          2.04),
          in each case, unless it has received an Opinion of Counsel, addressed to
          the
          Trustee (at the expense of the party seeking to cause such sale, disposition,
          substitution, acquisition or contribution, but in no event at the expense
          of the
          Trustee) that such sale, disposition, substitution, acquisition or contribution
          will not (a) affect adversely the status of REMIC 1, REMIC 2 or REMIC 3
          as
          REMICs or (b) cause the Trust Fund to be subject to a tax on “prohibited
          transactions” or “contributions” pursuant to the REMIC Provisions.

        

        Section
          10.03. Master
          Servicer and Trustee Indemnification.

        

        (a) The
          Trustee agrees to indemnify the Trust Fund, the Depositor, and the Master
          Servicer for any taxes and costs including, without limitation, any reasonable
          attorneys' fees imposed on or incurred by the Trust Fund, the Depositor
          or the
          Master Servicer, as a result of a breach of the Trustee’s covenants set forth in
          this Article X.

        

        (b) The
          Master Servicer agrees to indemnify the Trust Fund, the Depositor and the
          Trustee for any taxes and costs including, without limitation, any reasonable
          attorneys' fees imposed on or incurred by the Trust Fund, the Depositor
          or the
          Trustee, as a result of a breach of the Master Servicer's covenants set
          forth in
          Article III or this Article X, in each case with respect to compliance
          with the
          REMIC Provisions.

        

        
          
            
            

          

          
            158

            
              

            

          

          
            
            

          

        

        

        

        ARTICLE
          XI

        MISCELLANEOUS
          PROVISIONS

        

        Section
          11.01. Amendment.

        

        This
          Agreement may be amended from time to time by the Depositor, the Master
          Servicer
          and the Trustee and without the consent of any of the Certificateholders
          or the
          Swap Provider, (i) to cure any ambiguity, (ii) to correct or supplement
          any
          provisions herein which may be defective or inconsistent with any other
          provisions herein or to correct any error, (iii) to amend this Agreement
          in any
          respect subject to the provisions in clauses (A) and (B) below, or (iv)
          if such
          amendment, as evidenced by an Opinion of Counsel (provided by the Person
          requesting such amendment) delivered to the Trustee, is reasonably necessary
          to
          comply with any requirements imposed by the Code or any successor or amendatory
          statute or any temporary or final regulation, revenue ruling, revenue procedure
          or other written official announcement or interpretation relating to federal
          income tax laws or any proposed such action which, if made effective, would
          apply retroactively to the Trust Fund at least from the effective date
          of such
          amendment; provided
          that
          such action (except any amendment described in (iv) above) shall not adversely
          affect in any material respect the interests of any Certificateholder (other
          than Certificateholders who shall consent to such amendment) and the Swap
          Provider, as evidenced by (A) an Opinion of Counsel (provided by the Person
          requesting such amendment) delivered to the Trustee and the Swap Provider
          and
          (B) a letter from each Rating Agency, confirming that such amendment shall
          not
          cause it to lower its rating on any of the Certificates. Any such amendment
          to
          the Agreement shall not be effective unless the Master Servicer has delivered
          to
          the Trustee an Officer's Certificate stating that the Master Servicer,
          after
          consultation with its accountants, does not believe that the amendment
          will
          result in the Trust failing to qualify as a "qualifying special-purpose
          entity"
          as defined in Statement of Financial Accounting Standards Number
          140.

        

        This
          Agreement may also be amended from time to time by the Depositor, the Master
          Servicer and the Trustee and Holders of Certificates entitled to at least
          66-2/3% of the Voting Rights for the purpose of adding any provisions to
          or
          changing in any manner or eliminating any of the provisions of this Agreement
          or
          of modifying in any manner the rights of the Holders of Certificates;
provided,
          however,
          that no
          such amendment shall (i) reduce in any manner the amount of, or delay the
          timing
          of, payments received on Mortgage Loans which are required to be distributed
          on
          any Certificate without the consent of the Holder of such Certificate,
          (ii)
          adversely affect in any material respect the interests of the Holders of
          any
          Class of Certificates in a manner other than as described in (i), without
          the
          consent of the Holders of Certificates of such Class evidencing at least
          66-2/3%
          of the Voting Rights of such Class, or (iii) reduce the aforesaid percentage
          of
          Certificates the Holders of which are required to consent to any such amendment,
          without the consent of the Holders of all Certificates then outstanding.
          Notwithstanding any other provision of this Agreement, for purposes of
          the
          giving or withholding of consents pursuant to this Section 11.01, Certificates
          registered in the name of the Sponsor or the Master Servicer or any affiliate
          thereof shall be entitled to Voting Rights with respect to matters described
          in
          (i), (ii) and (iii) of this paragraph.

        

        
          
            
            

          

          
            159

            
              

            

          

          
            
            

          

        

        Notwithstanding
          any contrary provision of this Agreement, the Trustee shall not consent
          to any
          amendment to this Agreement unless it shall have first received an Opinion
          of
          Counsel (provided by the Person requesting such amendment) to the effect
          that
          such amendment will not result in the imposition of any tax on any of REMIC
          1,
          REMIC 2 or REMIC 3 pursuant to the REMIC Provisions or cause any of REMIC
          1,
          REMIC 2 or REMIC 3 to fail to qualify as a REMIC at any time that any
          Certificates are outstanding.

        

        Notwithstanding
          any of the other provisions of this Section 11.01, none of the Depositor,
          the
          Master Servicer or the Trustee shall (i) enter into any amendment to Section
          4.09, Section 4.01(e)(v) or Section 9.01 of this Agreement without the
          prior
          written consent of the Swap Provider nor (ii) enter into an amendment of
          this
          Agreement, as evidenced by an Officer's Certificate of the Depositor, that
          could
          reasonably be expected to have a material adverse effect on the interests
          of the
          Swap Provider without the Swap Provider’s consent (such consent shall not be
          unreasonably withheld, conditioned or delayed).

        

        Promptly
          after the execution of any such amendment the Trustee shall furnish a copy
          of
          such amendment or a written statement describing the amendment to each
          Certificateholder, with a copy to the Rating Agencies and the Swap
          Provider.

        

        It
          shall
          not be necessary for the consent of Certificateholders under this Section
          11.01
          to approve the particular form of any proposed amendment, but it shall
          be
          sufficient if such consent shall approve the substance thereof. The manner
          of
          obtaining such consents and of evidencing the authorization of the execution
          thereof by Certificateholders shall be subject to such reasonable regulations
          as
          the Trustee may prescribe.

        

        Prior
          to
          executing any amendment pursuant to this Section, the Trustee shall be
          entitled
          to receive an Opinion of Counsel (provided by the Person requesting such
          amendment) to the effect that such amendment is authorized or permitted
          by this
          Agreement. The cost of any Opinion of Counsel delivered pursuant to this
          Section
          11.01 shall be an expense of the party requesting such amendment, but in
          any
          case shall not be an expense of the Trustee.

        

        The
          Trustee may, but shall not be obligated to, enter into any amendment pursuant
          to
          this Section that affects its rights, duties and immunities under this
          Agreement
          or otherwise.

        

        Section
          11.02. Recordation
          of Agreement; Counterparts.

        

        To
          the
          extent permitted by applicable law, this Agreement is subject to recordation
          in
          all appropriate public offices for real property records in all the counties
          or
          other comparable jurisdictions in which any or all of the properties subject
          to
          the Mortgages are situated, and in any other appropriate public recording
          office
          or elsewhere, such recordation to be effected by the Master Servicer at
          the
          expense of the Certificateholders, but only upon direction of the Depositor
          accompanied by an Opinion of Counsel to the effect that such recordation
          materially and beneficially affects the interests of the
          Certificateholders.

        

        
          
            
            

          

          
            160

            
              

            

          

          
            
            

          

        

        For
          the
          purpose of facilitating the recordation of this Agreement as herein provided
          and
          for other purposes, this Agreement may be executed simultaneously in any
          number
          of counterparts, each of which counterparts shall be deemed to be an original,
          and such counterparts shall constitute but one and the same
          instrument.

        

        Section
          11.03. Limitation
          on Rights of Certificateholders.

        

        The
          death
          or incapacity of any Certificateholder shall not operate to terminate this
          Agreement or the Trust Fund, nor entitle such Certificateholder's legal
          representatives or heirs to claim an accounting or to take any action or
          proceeding in any court for a partition or winding up of the Trust Fund,
          nor
          otherwise affect the rights, obligations and liabilities of the parties
          hereto
          or any of them.

        

        No
          Certificateholder shall have any right to vote (except as expressly provided
          for
          herein) or in any manner otherwise control the operation and management
          of the
          Trust Fund, or the obligations of the parties hereto, nor shall anything
          herein
          set forth, or contained in the terms of the Certificates, be construed
          so as to
          constitute the Certificateholders from time to time as partners or members
          of an
          association; nor shall any Certificateholder be under any liability to
          any third
          party by reason of any action taken by the parties to this Agreement pursuant
          to
          any provision hereof.

        

        No
          Certificateholder shall have any right by virtue of any provision of this
          Agreement to institute any suit, action or proceeding in equity or at law
          upon
          or under or with respect to this Agreement, unless such Holder previously
          shall
          have given to the Trustee a notice of an Event of Default, or of a default
          by
          the Sponsor or the Trustee in the performance of any obligation hereunder,
          and
          of the continuance thereof, as hereinbefore provided, and unless also the
          Holders of Certificates entitled to at least 51% of the Voting Rights shall
          have
          made written request upon the Trustee to institute such action, suit or
          proceeding in its own name as Trustee hereunder and shall have offered
          to the
          Trustee such reasonable indemnity as it may require against the costs,
          expenses
          and liabilities to be incurred therein or thereby, and the Trustee, for
          60 days
          after its receipt of such notice, request and offer of indemnity, shall
          have
          neglected or refused to institute any such action, suit or proceeding.
          It is
          understood and intended, and expressly covenanted by each Certificateholder
          with
          every other Certificateholder, the Trustee, that no one or more Holders
          of
          Certificates shall have any right in any manner whatever by virtue of any
          provision of this Agreement to affect, disturb or prejudice the rights
          of the
          Holders of any other of such Certificates, or to obtain or seek to obtain
          priority over or preference to any other such Holder, or to enforce any
          right
          under this Agreement, except in the manner herein provided and for the
          equal,
          ratable and common benefit of all Certificateholders. For the protection
          and
          enforcement of the provisions of this Section, each and every Certificateholder
          and the Trustee shall be entitled to such relief as can be given either
          at law
          or in equity.

        

        
          
            
            

          

          
            161

            
              

            

          

          
            
            

          

        

        Section
          11.04. Governing
          Law.

        

        This
          Agreement and the Certificates shall be construed in accordance with the
          laws of
          the State of New York and the obligations, rights and remedies of the parties
          hereunder shall be determined in accordance with such laws.

        

        Section
          11.05. Notices.

        

        All
          demands, notices and direction hereunder shall be in writing and shall
          be deemed
          effective upon receipt when delivered to (a) in the case of the Depositor,
          19500
          Jamboree Road, Irvine, California 92612, Attention: General Counsel, or
          such
          other address as may hereafter be furnished to the other parties hereto
          in
          writing; (b) in the case of Impac Funding, 19500 Jamboree Road, Irvine,
          California 92612, Attention: General Counsel, or such other address as
          may
          hereafter be furnished to the other parties hereto in writing; (c) in the
          case
          of the Trustee, to its Corporate Trust Offices, or such other address as
          may
          hereafter be furnished to the other parties hereto in writing; (d) in the
          case
          of the Rating Agencies, Standard & Poor’s, 55 Water Street, 41st
          Floor,
          New York, New York 10041, Attention: Asset Backed Surveillance Department;
          and
          Moody’s, Moody’s Investors Service, Inc., Residential Mortgage Monitoring
          Department, 99 Church Street, New York, New York 10007; and (e) in the
          case of
          the Bear Stearns Financial Products Inc., 383 Madison Avenue, 36th
          Floor,
          New York, New York 10179, Attention: DPC Manager. Any notice required or
          permitted to be mailed to a Certificateholder shall be given by first class
          mail, postage prepaid, at the address of such Holder as shown in the Certificate
          Register. Any notice so mailed within the time prescribed in this Agreement
          shall be conclusively presumed to have been duly given, whether or not
          the
          Certificateholder receives such notice.

        

        Section
          11.06. Severability
          of Provisions.

        

        If
          any
          one or more of the covenants, agreements, provisions or terms of this Agreement
          shall be for any reason whatsoever held invalid, then such covenants,
          agreements, provisions or terms shall be deemed severable from the remaining
          covenants, agreements, provisions or terms of this Agreement and shall
          in no way
          affect the validity or enforceability of the other provisions of this Agreement
          or of the Certificates or the rights of the Holders thereof.

        

        Section
          11.07. Successors
          and Assigns.

        

        The
          provisions of this Agreement shall be binding upon and inure to the benefit
          of
          the respective successors and assigns of the parties hereto, and all such
          provisions shall inure to the benefit of the Trustee and the
          Certificateholders.

        

        Section
          11.08. Article
          and Section Headings.

        

        The
          article and Section headings herein are for convenience of reference only,
          and
          shall not limit or otherwise affect the meaning hereof.

        

        
          
            
            

          

          
            162

            
              

            

          

          
            
            

          

        

        Section
          11.09. Notice
          to
          Rating Agencies.

        

        The
          Trustee shall use its best efforts to promptly provide notice to each Rating
          Agency referred to below with respect to each of the following of which
          it has
          actual knowledge:

        

        1. Any
          material change or amendment to this Agreement;

        

        2. The
          occurrence of any Event of Default that has not been cured;

        

        3. The
          resignation or termination of the Master Servicer or the Trustee;

        

        4. The
          repurchase or substitution of Mortgage Loans pursuant to Section
          2.04;

        

        5. The
          final
          payment to Certificateholders; and

        

        6. Any
          change in the location of the Custodial Account or the Certificate
          Account.

        

        In
          addition, the Trustee shall promptly furnish to each Rating Agency copies
          of
          each report to Certificateholders described in Section 4.02; and the Master
          Servicer shall promptly furnish to each Rating Agency copies of each annual
          independent public accountants’ servicing report received as described in
          Section 3.20.

        

        Any
          such
          notice pursuant to this Section 11.09 shall be in writing and shall be
          deemed to
          have been duly given if personally delivered or mailed by first class mail,
          postage prepaid, or by express delivery service to (i) in the case of Standard
          & Poor's, 55 Water Street, 41st
          Floor,
          New York, New York 10041, Attention: Asset Backed Surveillance Department
          and
          (ii) in the case of Moody's, Residential Mortgage Monitoring Department,
          99
          Church Street, New York, New York 10007, or, in each case, such other address
          as
          either such Rating Agency may designate in writing to the parties
          thereto.

        

        Section
          11.10. Third
          Party Rights.

        

        The
          Swap
          Provider and the Cap Counterparty shall be express third-party beneficiaries
          of
          this Agreement to the extent of their express rights to receive payments
          under
          this Agreement or any other express rights of the Swap Provider and the
          Cap
          Counterparty explicitly stated in this Agreement, and shall have the right
          to
          enforce such rights under this Agreement as if the Swap Provider and the
          Cap
          Counterparty were parties hereto. 

        

        
          
            
            

          

          
            163

            
              

            

          

          
            
            

          

        

        IN
          WITNESS WHEREOF, the Depositor, the Master Servicer and the Trustee have
          caused
          their names to be signed hereto by their respective officers thereunto
          duly
          authorized all as of the day and year first above written.

         

        IMPAC
          SECURED ASSETS CORP.,

        Depositor

        By: 
          ____________________________________

        Name:    
          Gretchen
          Verdugo

        Title: 
          EVP,
          CFO

         

        IMPAC
          FUNDING CORPORATION,

        Master
          Servicer

         

        By: 
          _____________________________________

        Name:
           Nancy
          Pollard

        Title:
          EVP

         

        DEUTSCHE
          BANK NATIONAL TRUST COMPANY,

        Trustee

         

        By: 
          _____________________________________

        Name:
          Marion Hogan

        Title:
          Associate

         

        By: 
          _____________________________________

        Name:
          Barbara Campbell

        Title:
          Vice President

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        Agreed
          and accepted to with respect to 

        its
          obligations under Section 9.01(a)

        

        IMPAC
          MORTGAGE HOLDINGS, INC.

        (solely
          with respect to its obligations under 

        Section
          9.01(a))

        

        By:
          ____________________________

        Name:
          Gretchen Verdugo

        Title:
          EVP, CFO

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        

        
          	
                  STATE
                    OF CALIFORNIA

                	
                  )

                
	 	
                  )
                    ss.:

                
	
                  COUNTY
                    OF ORANGE

                	
                  )

                

        

         

        On
          the
          22nd
          day of
          February, 2007, before me, a notary public in and for said State, personally
          appeared Gretchen Verdugo, known to me to be the Chief Financial Officer
          of
          Impac Secured Assets Corp., one of the corporations that executed the within
          instrument, and also known to me to be the person who executed it on behalf
          of
          said corporation, and acknowledged to me that such corporation executed
          the
          within instrument.

         

        IN
          WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
          the
          day and year in this certificate first above written.

         

        _______________________

           
          Notary Public

         

        [Notarial
          Seal]

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        

        
          	
                  STATE
                    OF CALIFORNIA

                	
                  )

                
	 	
                  )
                    ss.:

                
	
                  COUNTY
                    OF ORANGE

                	
                  )

                

        

         

        On
          the
          22nd
          day of
          February, 2007, before me, a notary public in and for said State, personally
          appeared Nancy Pollard, known to me to be an Executive Vice President of
          Impac
          Funding Corporation, one of the corporations that executed the within
          instrument, and also known to me to be the person who executed it on behalf
          of
          said corporation, and acknowledged to me that such corporation executed
          the
          within instrument.

         

        IN
          WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
          the
          day and year in this certificate first above written.

         

        /s/
          Matt Parsons        

          
          Notary Public

         

        [Notarial
          Seal]

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        

        
          	
                  STATE
                    OF CALIFORNIA

                	
                  )

                
	 	
                  )
                    ss.:

                
	
                  COUNTY
                    OF ORANGE

                	
                  )

                

        

         

        On
          the
          22nd
          day of
          February, 2007, before me, a notary public in and for said State, personally
          appeared Marion Hogan, known to me to be an Associate of Deutsche Bank
          National
          Trust Company, one of the entities that executed the within instrument,
          and also
          known to me to be the person who executed it on behalf of said entity,
          and
          acknowledged to me that such corporation executed the within
          instrument.

         

        IN
          WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
          the
          day and year in this certificate first above written.

         

        /s/
          Diana Nguyen            

          
          Notary Public

         

        [Notarial
          Seal]

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        

        
          	
                  STATE
                    OF CALIFORNIA

                	
                  )

                
	 	
                  )
                    ss.:

                
	
                  COUNTY
                    OF ORANGE

                	
                  )

                

        

         

        On
          the
          22nd
          day of
          February, 2007, before me, a notary public in and for said State, personally
          appeared Barbara Campbell, known to me to be a Vice President of Deutsche
          Bank
          National Trust Company, one of the entities that executed the within instrument,
          and also known to me to be the person who executed it on behalf of said
          entity,
          and acknowledged to me that such corporation executed the within
          instrument.

         

        IN
          WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
          the
          day and year in this certificate first above written.

         

        /s/
          Diana Nguyen            

          
          Notary Public

         

        [Notarial
          Seal]

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        

        
          	
                  STATE
                    OF CALIFORNIA

                	
                  )

                
	 	
                  )
                    ss.:

                
	
                  COUNTY
                    OF ORANGE

                	
                  )

                

        

         

        On
          the
          22nd
          day of
          February, 2007, before me, a notary public in and for said State, personally
          appeared Gretchen Verdugo, known to me to be the Executive Vice President
          and
          Chief Financial Officer of Impac Mortgage Holdings, Inc., one of the
          corporations that executed the within instrument, and also known to me
          to be the
          person who executed it on behalf of said corporation, and acknowledged
          to me
          that such corporation executed the within instrument.

         

        IN
          WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
          the
          day and year in this certificate first above written.

         

        ________________________

          
          Notary Public

         

        [Notarial
          Seal]

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        

          EXHIBIT
            A

           

          FORM
            OF
            CLASS A CERTIFICATE

           

          SOLELY
            FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR
            INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE
            DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE
            CODE OF
            1986 (THE “CODE”).

           

          THIS
            CERTIFICATE SHALL INITIALLY BE ISSUED AS ONE OR MORE CERTIFICATES REGISTERED
            IN
            THE NAME OF THE DEPOSITORY OR ITS NOMINEE AND, EXCEPT AS PROVIDED BELOW,
            REGISTRATION OF SUCH CERTIFICATES MAY NOT BE TRANSFERRED BY THE TRUSTEE
            EXCEPT
            TO ANOTHER DEPOSITORY THAT AGREES TO HOLD SUCH CERTIFICATES FOR THE RESPECTIVE
            CERTIFICATE OWNERS WITH OWNERSHIP INTERESTS THEREIN. THE CERTIFICATE
            OWNERS
            SHALL HOLD THEIR RESPECTIVE OWNERSHIP INTERESTS IN AND TO EACH OF SUCH
            BOOK-ENTRY CERTIFICATES THROUGH THE BOOK-ENTRY FACILITIES OF THE DEPOSITORY
            AND,
            EXCEPT AS PROVIDED BELOW, SHALL NOT BE ENTITLED TO DEFINITIVE CERTIFICATES
            IN
            RESPECT OF SUCH OWNERSHIP INTERESTS. ALL TRANSFERS BY CERTIFICATE OWNERS
            OF
            THEIR RESPECTIVE OWNERSHIP IN THE BOOK-ENTRY CERTIFICATES SHALL BE MADE
            IN
            ACCORDANCE WITH THE PROCEDURES ESTABLISHED BY THE DEPOSITORY PARTICIPANT
            OR
            BROKERAGE FIRM REPRESENTING SUCH CERTIFICATE OWNER. EACH DEPOSITORY PARTICIPANT
            SHALL TRANSFER THE OWNERSHIP INTERESTS ONLY IN THE BOOK-ENTRY CERTIFICATES
            OF
            CERTIFICATE OWNERS IT REPRESENTS OR OF BROKERAGE FIRMS FOR WHICH IT ACTS
            AS
            AGENT IN ACCORDANCE WITH THE DEPOSITORY'S NORMAL PROCEDURES. THE TRUSTEE
            SHALL
            NOT BE REQUIRED TO MONITOR, DETERMINE OR INQUIRE AS TO COMPLIANCE WITH
            THE
            TRANSFER RESTRICTIONS WITH RESPECT TO THE BOOK-ENTRY CERTIFICATES, AND
            THE
            TRUSTEE SHALL HAVE NO LIABILITY FOR TRANSFERS OF OWNERSHIP INTERESTS
            IN THE
            BOOK-ENTRY CERTIFICATES MADE THROUGH THE BOOK-ENTRY FACILITIES OF THE
            DEPOSITORY
            OR BETWEEN OR AMONG DEPOSITORY PARTICIPANTS OR CERTIFICATE OWNERS, MADE
            IN
            VIOLATION OF THE APPLICABLE RESTRICTIONS.

           

          PRIOR
            TO THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, ANY TRANSFEREE
            SHALL BE
            DEEMED TO HAVE MADE THE REPRESENTATIONS IN SECTION 5.02(c) OF THE AGREEMENT
            (AS
            DEFINED BELOW).

           

          
            
              
              

            

            
              A-1

              
                

              

            

            
              
              

            

          

          

            
              	
                      Certificate
                        No. 1

                    	
                      Adjustable
                        Rate

                    
	 	 
	
                      Class
                        A-[1][2][3][M] Senior

                    	 
	 	 
	
                      Date
                        of Pooling and Servicing Agreement and Cut-off Date: February
                        1,
                        2007

                    	
                      Percentage
                        Interest: 100%

                    
	 	 
	
                      First
                        Distribution Date: 

                      March
                        26, 2007

                    	
                      Aggregate
                        Initial Certificate Principal Balance of the Class A-[1][2][3][M]
                        Certificates: $[_____________]

                    
	 	 
	
                      Master
                        Servicer:

                      Impac
                        Funding Corporation

                    	
                      Initial
                        Certificate Principal Balance of this Certificate:
                        $[____________]

                    
	 	 
	
                      Assumed
                        Final

                      Distribution
                        Date: March 25, 2037

                    	
                      CUSIP:
                        [_________]

                    

            

          

          

          MORTGAGE
            PASS-THROUGH CERTIFICATE

          SERIES
            2007-1

           

          evidencing
            a percentage interest in the distributions allocable to the Class A-[1][2][3][M]
            Certificates with respect to a Trust Fund consisting primarily of a pool
            of one-
            to four-family adjustable-rate first lien and fixed-rate first and second
            lien
            mortgage loans formed and sold by IMPAC SECURED ASSETS CORP.

           

          This
            Certificate is payable solely from the assets of the Trust Fund and does
            not
            represent an obligation of or interest in Impac Secured Assets Corp.,
            the Master
            Servicer, the Trustee referred to below or any of their affiliates. Neither
            this
            Certificate nor the underlying Mortgage Loans are guaranteed or insured
            by any
            governmental agency or instrumentality or by Impac Secured Assets Corp.,
            the
            Master Servicer, the Trustee or any of their affiliates. None of the
            Company,
            the Master Servicer or any of their affiliates will have any obligation
            with
            respect to any certificate or other obligation secured by or payable
            from
            payments on the Certificates.

           

          This
            certifies that Cede & Co. is the registered owner of the Percentage Interest
            evidenced by this Certificate (obtained by dividing the Initial Certificate
            Principal Balance of this Certificate by the aggregate Initial Certificate
            Principal Balance of all Class A Certificates, both as specified above)
            in
            certain distributions with respect to the Trust Fund consisting primarily
            of an
            interest in a pool of one- to four-family adjustable-rate first lien
            and
            fixed-rate first and second lien mortgage loans (the “Mortgage Loans”), formed
            and sold by Impac Secured Assets Corp. (hereinafter called the “Company,” which
            term includes any successor entity under the Agreement referred to below).
            The
            Trust Fund was created pursuant to a Pooling and Servicing Agreement,
            dated as
            specified above (the “Agreement”), among the Company, the Master Servicer and
            Deutsche Bank National Trust Company, as trustee (the “Trustee”), a summary of
            certain of the pertinent provisions of which is set forth hereafter.
            To the
            extent not defined herein, the capitalized terms used herein have the
            meanings
            assigned in the Agreement. This Certificate is issued under and is subject
            to
            the terms, provisions and conditions of the Agreement, to which Agreement
            the
            Holder of this Certificate by virtue of the acceptance hereof assents
            and by
            which such Holder is bound.

          
            
              
              

            

            
              A-2

              
                

              

            

            
              
              

            

          

           

          Pursuant
            to the terms of the Agreement, a distribution will be made on the 25th
            day of
            each month or, if such 25th day is not a Business Day, the Business Day
            immediately following (the "Distribution Date”), commencing as described in the
            Agreement, to the Person in whose name this Certificate is registered
            on the
            Business Day immediately preceding such Distribution Date (the “Record Date”),
            from the Available Funds in an amount equal to the product of the Percentage
            Interest evidenced by this Certificate and the amount of interest and
            principal,
            if any, required to be distributed to Holders of Class A-[1][2][3][M]
            Certificates on such Distribution Date.

           

          Distributions
            on this Certificate will be made either by the Trustee or by a Paying
            Agent
            appointed by the Trustee either in immediately available funds (by wire
            transfer
            or otherwise) for the account of the Person entitled thereto if such
            Person
            shall have so notified the Trustee or such Paying Agent at least 5 Business
            Days
            prior to the related Record Date, or by check mailed to the address of
            the
            Person entitled thereto, as such name and address shall appear on the
            Certificate Register.

           

          Notwithstanding
            the above, the final distribution on this Certificate will be made after
            due
            notice of the pendency of such distribution and only upon presentation
            and
            surrender of this Certificate at the office or agency appointed by the
            Trustee
            for that purpose in the City and State of New York. The Initial Certificate
            Principal Balance of this Certificate is set forth above. The Certificate
            Principal Balance hereof will be reduced to the extent of distributions
            allocable to principal.

           

          This
            Certificate is one of a duly authorized issue of Certificates issued
            in several
            Classes designated as Mortgage Pass-Through Certificates of the Series
            specified
            hereon (herein collectively called the “Certificates”).

           

          The
            Certificates are limited in right of payment to certain collections and
            recoveries respecting the Mortgage Loans, all as more specifically set
            forth
            herein and in the Agreement. In the event the Master Servicer advances
            funds
            with respect to any Mortgage Loan, such advance is reimbursable to the
            Master
            Servicer, to the extent provided in the Agreement, from related recoveries
            on
            such Mortgage Loan or from other cash that would have been distributable
            to
            Certificateholders.

           

          As
            provided in the Agreement, withdrawals from the Custodial Account and/or
            the
            Certificate Account created for the benefit of Certificateholders may
            be made by
            the Master Servicer from time to time for purposes other than distributions
            to
            Certificateholders, such purposes including without limitation reimbursement
            to
            the Trustee, the Company and the Master Servicer of advances made, or
            certain
            expenses incurred, by either of them.

          
            
              
              

            

            
              A-3

              
                

              

            

            
              
              

            

          

           

          The
            Agreement permits, with certain exceptions therein provided, the amendment
            of
            the Agreement and the modification of the rights and obligations of the
            Company,
            the Master Servicer and the Trustee and the rights of the Certificateholders
            under the Agreement at any time by the Company, the Master Servicer and
            the
            Trustee with the consent of the Holders of Certificates evidencing in
            the
            aggregate not less than 66-2/3% of the Percentage Interests of each Class
            of
            Certificates affected thereby. Any
            such
            consent by the Holder of this Certificate shall be conclusive and binding
            on
            such Holder and upon all future holders of this Certificate and of any
            Certificate issued upon the transfer hereof or in exchange herefor or
            in lieu
            hereof whether or not notation of such consent is made upon the Certificate.
            The
            Agreement also permits the amendment thereof in certain circumstances
            with the
            consent of the Certificate Insurer and without the consent of the Holders
            of any
            of the Certificates and, in certain additional circumstances, without
            the
            consent of the Holders of certain Classes of Certificates.

           

          Prior
            to
            the termination of the Supplemental Interest Trust, any transferee shall
            be
            deemed to have made the representations in Section 5.02(c) of the
            Agreement.

           

          As
            provided in the Agreement and subject to certain limitations therein
            set forth,
            the transfer of this Certificate is registrable in the Certificate Register
            upon
            surrender of this Certificate for registration of transfer at the offices
            or
            agencies appointed by the Trustee, duly endorsed by, or accompanied by
            an
            assignment in the form below or other written instrument of transfer
            in form
            satisfactory to the Trustee and the Certificate Registrar duly executed
            by the
            Holder hereof or such Holder's attorney duly authorized in writing, and
            thereupon one or more new Certificates of authorized denominations evidencing
            the same Class and aggregate Percentage Interest will be issued to the
            designated transferee or transferees.

           

          The
            Certificates are issuable only as registered Certificates without coupons
            in
            Classes and in denominations specified in the Agreement. As provided
            in the
            Agreement and subject to certain limitations therein set forth, Certificates
            are
            exchangeable for new Certificates of authorized denominations evidencing
            the
            same Class and aggregate Percentage Interest, as requested by the Holder
            surrendering the same.

           

          No
            service charge will be made for any such registration of transfer or
            exchange,
            but the Trustee may require payment of a sum sufficient to cover any
            tax or
            other governmental charge payable in connection therewith.

           

          The
            Company, the Master Servicer and the Trustee and any agent of the Company,
            the
            Master Servicer or the Trustee may treat the Person in whose name this
            Certificate is registered as the owner hereof for all purposes, and neither
            the
            Company, the Master Servicer, the Trustee nor any such agent shall be
            affected
            by notice to the contrary.

           

          This
            Certificate shall be governed by and construed in accordance with the
            laws of
            the State of New York.

           

          The
            Mortgage Loans are subject to termination in whole, but not in part,
            by the
            Master Servicer, on or after the Distribution Date on which the aggregate
            Stated
            Principal Balance of the Mortgage Loans is less than or equal to 10%
            of the
            aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off
            Date.

          
            
              
              

            

            
              A-4

              
                

              

            

            
              
              

            

          

           

          Unless
            the certificate of authentication hereon has been executed by the Trustee,
            by
            manual signature, this Certificate shall not be entitled to any benefit
            under
            the Agreement or be valid for any purpose.

           

          
            
              
              

            

            
              A-5

              
                

              

            

            
              
              

            

          

          IN
            WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
            executed.

           

          
            	 	 	 
	Dated:
                    February 22, 2007 	
                    DEUTSCHE
                      BANK
                      NATIONAL TRUST COMPANY,

                    as Trustee 

                  
	 
 	 
 	 
 
	 	By:  	 
	 	
                    
Authorized
                    Signatory

          

           

           

           

           

          CERTIFICATE
            OF AUTHENTICATION

           

          This
            is
            one of the Class A-[1][2][3][M] Certificates referred to in the within-mentioned
            Agreement.

           

          
            	 	 	 
	 	
                    DEUTSCHE
                      BANK
                      NATIONAL TRUST COMPANY,

                    as Trustee 

                  
	 
 	 
 	 
 
	 	By:  	 
	 	
                    
Authorized
                    Signatory

          

           

          
            
              
              

            

            
              A-6

              
                

              

            

            
              
              

            

          

          ASSIGNMENT

           

          FOR
            VALUE
            RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
            _____________________________________ (Please print or typewrite name
            and
            address including postal zip code of assignee) a Percentage Interest
            evidenced
            by the within Mortgage Pass-Through Certificate and hereby authorizes
            the
            transfer of registration of such interest to assignee on the Certificate
            Register of the Trust Fund.

           

          I
            (We)
            further direct the Certificate Registrar to issue a new Certificate of
            a like
            denomination and Class, to the above named assignee and deliver such
            Certificate
            to the following address:                                                                                                                     
                                                                                                                                                                               

           

          Dated:

                                                                                                

               
Signature
            by or on behalf of assignor

           

                                                                 
                                        

                        
            Signature
            Guaranteed

          
            
              
              

            

            
              A-7

              
                

              

            

            
              
              

            

          

          DISTRIBUTION
            INSTRUCTIONS

           

          The
            assignee should include the following for purposes of distribution:

           

          Distributions
            shall be made, by wire transfer or otherwise, in immediately available
            funds
            to                                                                                    
            for the
            account of                                         
            account
            number                     
            ,or,
            if
            mailed by check, to                                                     Applicable
            statements should be mailed to                                                                                   
            . 

           

          This
            information is provided by                                 ,
            the
            assignee named above, or                           ,
            as its
            agent.

           

          

           

          
            
              
              

            

            
              A-8

              
                

              

            

            
              
              

            

          

          EXHIBIT
            B-1

           

          FORM
            OF
            CLASS M CERTIFICATE

           

          THIS
            CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A CERTIFICATES
            [,]
            [AND] [THE CLASS M-1 CERTIFICATES] [,] [AND] [THE CLASS M-2 CERTIFICATES]
            [,]
            [AND] [THE CLASS M-3 CERTIFICATES] [,] [AND] [THE CLASS M-4 CERTIFICATES]
            [,]
            [AND] [THE CLASS M-5 CERTIFICATES] [,] [AND] [THE CLASS M-6 CERTIFICATES]
            [,]
            [AND] [THE CLASS M-7 CERTIFICATES] AS DESCRIBED IN THE AGREEMENT (AS
            DEFINED
            BELOW).

           

          SOLELY
            FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR
            INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE
            DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE
            CODE OF
            1986 (THE “CODE”).

           

          THIS
            CERTIFICATE SHALL INITIALLY BE ISSUED AS ONE OR MORE CERTIFICATES REGISTERED
            IN
            THE NAME OF THE DEPOSITORY OR ITS NOMINEE AND, EXCEPT AS PROVIDED BELOW,
            REGISTRATION OF SUCH CERTIFICATES MAY NOT BE TRANSFERRED BY THE TRUSTEE
            EXCEPT
            TO ANOTHER DEPOSITORY THAT AGREES TO HOLD SUCH CERTIFICATES FOR THE RESPECTIVE
            CERTIFICATE OWNERS WITH OWNERSHIP INTERESTS THEREIN. THE CERTIFICATE
            OWNERS
            SHALL HOLD THEIR RESPECTIVE OWNERSHIP INTERESTS IN AND TO EACH OF SUCH
            BOOK-ENTRY CERTIFICATES THROUGH THE BOOK-ENTRY FACILITIES OF THE DEPOSITORY
            AND,
            EXCEPT AS PROVIDED BELOW, SHALL NOT BE ENTITLED TO DEFINITIVE CERTIFICATES
            IN
            RESPECT OF SUCH OWNERSHIP INTERESTS. ALL TRANSFERS BY CERTIFICATE OWNERS
            OF
            THEIR RESPECTIVE OWNERSHIP IN THE BOOK-ENTRY CERTIFICATES SHALL BE MADE
            IN
            ACCORDANCE WITH THE PROCEDURES ESTABLISHED BY THE DEPOSITORY PARTICIPANT
            OR
            BROKERAGE FIRM REPRESENTING SUCH CERTIFICATE OWNER. EACH DEPOSITORY PARTICIPANT
            SHALL TRANSFER THE OWNERSHIP INTERESTS ONLY IN THE BOOK-ENTRY CERTIFICATES
            OF
            CERTIFICATE OWNERS IT REPRESENTS OR OF BROKERAGE FIRMS FOR WHICH IT ACTS
            AS
            AGENT IN ACCORDANCE WITH THE DEPOSITORY'S NORMAL PROCEDURES. THE TRUSTEE
            SHALL
            NOT BE REQUIRED TO MONITOR, DETERMINE OR INQUIRE AS TO COMPLIANCE WITH
            THE
            TRANSFER RESTRICTIONS WITH RESPECT TO THE BOOK-ENTRY CERTIFICATES, AND
            THE
            TRUSTEE SHALL HAVE NO LIABILITY FOR TRANSFERS OF OWNERSHIP INTERESTS
            IN THE
            BOOK-ENTRY CERTIFICATES MADE THROUGH THE BOOK-ENTRY FACILITIES OF THE
            DEPOSITORY
            OR BETWEEN OR AMONG DEPOSITORY PARTICIPANTS OR CERTIFICATE OWNERS, MADE
            IN
            VIOLATION OF THE APPLICABLE RESTRICTIONS.

          
            
              
              

            

            
              B-1-1

              
                

              

            

            
              
              

            

          

           

          ANY
            TRANSFEREE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATIONS SET FORTH
            IN SECTION
            5.02(c) OF THE AGREEMENT.

           

          
            
              
              

            

            
              B-1-2

              
                

              

            

            
              
              

            

          

          

           

          
            	
                    Certificate
                      No. 1

                  	
                    Adjustable
                      Rate

                  
	 	 
	
                    Class
                      M-[1][2][3][4][5][6]

                  	
                    Aggregate
                      Initial Certificate

                  
	
                    [7][8]

                  	
                    Principal
                      Balance of the Class M-

                  
	 	
                    [1][2][3][4][5][6][7][8]
                      Certificates:

                  
	 	
                    $[__________]

                  
	
                    Date
                      of Pooling and Servicing

                  	
                    Initial
                      Certificate Principal Balance

                  
	
                    Agreement
                      and Cut-off Date:

                  	
                    of
                      this Certificate:

                  
	
                    February
                      1, 2007

                  	
                    $[__________]

                  
	 	 
	
                    First
                      Distribution Date:

                  	
                    CUSIP:
                      [__________]

                  
	
                    March
                      26, 2007

                  	 

          

          

          Master
            Servicer:

          Impac
            Funding Corporation

           

          Assumed
            Final Distribution Date:

          March
            25,
            2037

           

          MORTGAGE
            PASS-THROUGH CERTIFICATE

          SERIES
            2007-1

           

          evidencing
            a percentage interest in any distributions allocable to the Class M-[1][2][3][4][5][6][7][8]
            Certificates with respect to the Trust Fund consisting primarily of a
            pool of
            one- to four-family adjustable-rate first lien and fixed rate first and
            second
            lien mortgage loans formed and sold by IMPAC SECURED ASSETS CORP.

           

          This
            Certificate is payable solely from the assets of the Trust Fund, and
            does not
            represent an obligation of or interest in Impac Secured Assets Corp.,
            the Master
            Servicer, the Trustee referred to below or any of their affiliates. Neither
            this
            Certificate nor the underlying Mortgage Loans are guaranteed or insured
            by any
            governmental agency or instrumentality or by Impac Secured Assets Corp.,
            the
            Master Servicer, the Trustee or any of their affiliates. None of the
            Company,
            the Master Servicer or any of their affiliates will have any obligation
            with
            respect to any certificate or other obligation secured by or payable
            from
            payments on the Certificates.

           

          This
            certifies that Cede & Co. is the registered owner of the Percentage Interest
            evidenced by this Certificate (obtained by dividing the Initial Certificate
            Principal Balance of this Certificate by the aggregate Initial Certificate
            Principal Balance of all Class M Certificates, both as specified above)
            in
            certain distributions with respect to a Trust Fund consisting primarily
            of a
            pool of one- to four-family adjustable-rate first lien and fixed rate
            first and
            second lien mortgage loans (the “Mortgage Loans”), formed and sold by Impac
            Secured Assets Corp. (hereinafter called the “Company,” which term includes any
            successor entity under the Agreement referred to below). The Trust Fund
            was
            created pursuant to a Pooling and Servicing Agreement, dated as specified
            above
            (the “Agreement”), among the Company, the Master Servicer and Deutsche Bank
            National Trust Company, as trustee (the “Trustee”), a summary of certain of the
            pertinent provisions of which is set forth hereafter. To the extent not
            defined
            herein, the capitalized terms used herein have the meanings assigned
            in the
            Agreement. This Certificate is issued under and is subject to the terms,
            provisions and conditions of the Agreement, to which Agreement the Holder
            of
            this Certificate by virtue of the acceptance hereof assents and by which
            such
            Holder is bound.

          
            
              
              

            

            
              B-1-3

              
                

              

            

            
              
              

            

          

           

          Pursuant
            to the terms of the Agreement, a distribution will be made on the 25th
            day of
            each month or, if such 25th day is not a Business Day, the Business Day
            immediately following (the "Distribution Date”), commencing as described in the
            Agreement, to the Person in whose name this Certificate is registered
            on the
            Business Day immediately preceding such Distribution Date (the “Record Date”),
            from the Available Funds in an amount equal to the product of the Percentage
            Interest evidenced by this Certificate and the amount of interest and
            principal,
            if any, required to be distributed to Holders of Class
            M-[1][2][3][4][5][6][7][8] Certificates on such Distribution Date.

           

          Distributions
            on this Certificate will be made either by the Trustee or by a Paying
            Agent
            appointed by the Trustee either in immediately available funds (by wire
            transfer
            or otherwise) for the account of the Person entitled thereto if such
            Person
            shall have so notified the Trustee or such Paying Agent at least 5 Business
            Days
            prior to the related Record Date, or by check mailed to the address of
            the
            Person entitled thereto, as such name and address shall appear on the
            Certificate Register.

           

          Notwithstanding
            the above, the final distribution on this Certificate will be made after
            due
            notice of the pendency of such distribution and only upon presentation
            and
            surrender of this Certificate at the office or agency appointed by the
            Trustee
            for that purpose in the City and State of New York. The Initial Certificate
            Principal Balance of this Certificate is set forth above. The Certificate
            Principal Balance hereof will be reduced to the extent of the distributions
            allocable to principal and any Realized Losses allocable hereto.

           

          This
            Certificate is one of a duly authorized issue of Certificates issued
            in several
            Classes designated as Mortgage Pass-Through Certificates of the Series
            specified
            hereon (herein collectively called the “Certificates”).

           

          The
            Certificates are limited in right of payment to certain collections and
            recoveries respecting the Mortgage Loans, all as more specifically set
            forth
            herein and in the Agreement. In the event the Master Servicer advances
            funds
            with respect to any Mortgage Loan, such advance is reimbursable to the
            Master
            Servicer, to the extent provided in the Agreement, from related recoveries
            on
            such Mortgage Loan or from other cash that would have been distributable
            to
            Certificateholders.

           

          As
            provided in the Agreement, withdrawals from the Custodial Account and/or
            the
            Certificate Account created for the benefit of Certificateholders may
            be made by
            the Master Servicer from time to time for purposes other than distributions
            to
            Certificateholders, such purposes including without limitation reimbursement
            to
            the Trustee, the Company and the Master Servicer of advances made, or
            certain
            expenses incurred, by either of them.

          
            
              
              

            

            
              B-1-4

              
                

              

            

            
              
              

            

          

           

          The
            Agreement permits, with certain exceptions therein provided, the amendment
            of
            the Agreement and the modification of the rights and obligations of the
            Company,
            the Master Servicer and the Trustee and the rights of the Certificateholders
            under the Agreement at any time by the Company, the Master Servicer and
            the
            Trustee with the consent of the Holders of Certificates evidencing in
            the
            aggregate not less than 66-2/3% of the Percentage Interests of each Class
            of
            Certificates affected thereby. Any such consent by the Holder of this
            Certificate shall be conclusive and binding on such Holder and upon all
            future
            holders of this Certificate and of any Certificate issued upon the transfer
            hereof or in exchange herefor or in lieu hereof whether or not notation
            of such
            consent is made upon the Certificate. The Agreement also permits the
            amendment
            thereof in certain circumstances with the consent of the Certificate
            Insurer and
            without the consent of the Holders of any of the Certificates and, in
            certain
            additional circumstances, without the consent of the Holders of certain
            Classes
            of Certificates.

           

          Any
            transferee shall be deemed to have made the representations set forth
            in Section
            5.02(c) of the Agreement.

           

          As
            provided in the Agreement and subject to certain limitations therein
            set forth,
            the transfer of this Certificate is registrable in the Certificate Register
            upon
            surrender of this Certificate for registration of transfer at the offices
            or
            agencies appointed by the Trustee, duly endorsed by, or accompanied by
            an
            assignment in the form below or other written instrument of transfer
            in form
            satisfactory to the Trustee and the Certificate Registrar duly executed
            by the
            Holder hereof or such Holder's attorney duly authorized in writing, and
            thereupon one or more new Certificates of authorized denominations evidencing
            the same Class and aggregate Percentage Interest will be issued to the
            designated transferee or transferees.

           

          The
            Certificates are issuable only as registered Certificates without coupons
            in
            Classes and in denominations specified in the Agreement. As provided
            in the
            Agreement and subject to certain limitations therein set forth, Certificates
            are
            exchangeable for new Certificates of authorized denominations evidencing
            the
            same Class and aggregate Percentage Interest, as requested by the Holder
            surrendering the same.

           

          No
            service charge will be made for any such registration of transfer or
            exchange,
            but the Trustee may require payment of a sum sufficient to cover any
            tax or
            other governmental charge payable in connection therewith.

           

          The
            Company, the Master Servicer and the Trustee and any agent of the Company,
            the
            Master Servicer or the Trustee may treat the Person in whose name this
            Certificate is registered as the owner hereof for all purposes, and neither
            the
            Company, the Master Servicer, the Trustee nor any such agent shall be
            affected
            by notice to the contrary.

           

          This
            Certificate shall be governed by and construed in accordance with the
            laws of
            the State of New York.

           

          The
            Mortgage Loans are subject to termination in whole, but not in part,
            by the
            Master Servicer, on or after the Distribution Date on which the aggregate
            Stated
            Principal Balance of the Mortgage Loans is less than or equal to 10%
            of the
            aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off
            Date.

          
            
              
              

            

            
              B-1-5

              
                

              

            

            
              
              

            

          

           

          Unless
            the certificate of authentication hereon has been executed by the Trustee,
            by
            manual signature, this Certificate shall not be entitled to any benefit
            under
            the Agreement or be valid for any purpose.

           

          
            
              
              

            

            
              B-1-6

              
                

              

            

            
              
              

            

          

          IN
            WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
            executed.

          
             

            
              	 	 	 
	Dated:
                      February 22, 2007 	
                      DEUTSCHE
                        BANK
                        NATIONAL TRUST COMPANY,

                      as Trustee 

                    
	 
 	 
 	 
 
	 	By:  	 
	 	
                      
Authorized
                      Signatory

            

             

          

           

           

           

          CERTIFICATE
            OF AUTHENTICATION

           

          This
            is
            one of the Class M-[1][2][3][4][5][6][7][8] Certificates referred to
            in the
            within-mentioned Agreement.

           

          
            	 	 	 
	 	
                    DEUTSCHE
                      BANK
                      NATIONAL TRUST COMPANY,

                    as Trustee 

                  
	 
 	 
 	 
 
	 	By:  	 
	 	
                    
Authorized
                    Signatory

          

           

           

          
            
              
              

            

            
              B-1-7

              
                

              

            

            
              
              

            

          

          ASSIGNMENT

           

          FOR
            VALUE
            RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
            _____________________________________ (Please print or typewrite name
            and
            address including postal zip code of assignee) a Percentage Interest
            evidenced
            by the within Mortgage Pass-Through Certificate and hereby authorizes
            the
            transfer of registration of such interest to assignee on the Certificate
            Register of the Trust Fund.

           

          I
            (We)
            further direct the Certificate Registrar to issue a new Certificate of
            a like
            denomination and Class, to the above named assignee and deliver such
            Certificate
            to the following address:                                                                                                                                                     &

            #160
            ;                                                                                                                                                      

           

          
             

            Dated:

                                                                                                  

            Signature
              by or on behalf of assignor

             

                                                                                               

            Signature
              Guaranteed

          
            
              
              

            

            
              B-1-8

              
                

              

            

            
              
              

            

          

          DISTRIBUTION
            INSTRUCTIONS

           

          The
            assignee should include the following for purposes of distribution:

           

          Distributions
            shall be made, by wire transfer or otherwise, in immediately available
            funds
            to                                                                                    
            for the
            account of                                         
            account
            number                     
            ,or,
            if
            mailed by check, to                                                     Applicable
            statements should be mailed to                                                                                   
            . 

           

          This
            information is provided by                                 ,
            the
            assignee named above, or                           ,
            as its
            agent.

           

          

           

          
            
              
              

            

            
              B-1-9

              
                

              

            

            
              
              

            

          

          EXHIBIT
            B-2

           

          FORM
            OF
            CLASS B CERTIFICATE

           

          THIS
            CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A CERTIFICATES
            AND
            THE CLASS M CERTIFICATES AS DESCRIBED IN THE AGREEMENT (AS DEFINED
            BELOW).

           

          SOLELY
            FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR
            INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE
            DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE
            CODE OF
            1986 (THE “CODE”).

           

          THIS
            CERTIFICATE SHALL INITIALLY BE ISSUED AS ONE OR MORE CERTIFICATES REGISTERED
            IN
            THE NAME OF THE DEPOSITORY OR ITS NOMINEE AND, EXCEPT AS PROVIDED BELOW,
            REGISTRATION OF SUCH CERTIFICATES MAY NOT BE TRANSFERRED BY THE TRUSTEE
            EXCEPT
            TO ANOTHER DEPOSITORY THAT AGREES TO HOLD SUCH CERTIFICATES FOR THE RESPECTIVE
            CERTIFICATE OWNERS WITH OWNERSHIP INTERESTS THEREIN. THE CERTIFICATE
            OWNERS
            SHALL HOLD THEIR RESPECTIVE OWNERSHIP INTERESTS IN AND TO EACH OF SUCH
            BOOK-ENTRY CERTIFICATES THROUGH THE BOOK-ENTRY FACILITIES OF THE DEPOSITORY
            AND,
            EXCEPT AS PROVIDED BELOW, SHALL NOT BE ENTITLED TO DEFINITIVE CERTIFICATES
            IN
            RESPECT OF SUCH OWNERSHIP INTERESTS. ALL TRANSFERS BY CERTIFICATE OWNERS
            OF
            THEIR RESPECTIVE OWNERSHIP IN THE BOOK-ENTRY CERTIFICATES SHALL BE MADE
            IN
            ACCORDANCE WITH THE PROCEDURES ESTABLISHED BY THE DEPOSITORY PARTICIPANT
            OR
            BROKERAGE FIRM REPRESENTING SUCH CERTIFICATE OWNER. EACH DEPOSITORY PARTICIPANT
            SHALL TRANSFER THE OWNERSHIP INTERESTS ONLY IN THE BOOK-ENTRY CERTIFICATES
            OF
            CERTIFICATE OWNERS IT REPRESENTS OR OF BROKERAGE FIRMS FOR WHICH IT ACTS
            AS
            AGENT IN ACCORDANCE WITH THE DEPOSITORY'S NORMAL PROCEDURES. THE TRUSTEE
            SHALL
            NOT BE REQUIRED TO MONITOR, DETERMINE OR INQUIRE AS TO COMPLIANCE WITH
            THE
            TRANSFER RESTRICTIONS WITH RESPECT TO THE BOOK-ENTRY CERTIFICATES, AND
            THE
            TRUSTEE SHALL HAVE NO LIABILITY FOR TRANSFERS OF OWNERSHIP INTERESTS
            IN THE
            BOOK-ENTRY CERTIFICATES MADE THROUGH THE BOOK-ENTRY FACILITIES OF THE
            DEPOSITORY
            OR BETWEEN OR AMONG DEPOSITORY PARTICIPANTS OR CERTIFICATE OWNERS, MADE
            IN
            VIOLATION OF THE APPLICABLE RESTRICTIONS.

           

          ANY
            TRANSFEREE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATIONS SET FORTH
            IN SECTION
            5.02(c) OF THE AGREEMENT.

           

          
            
              
              

            

            
              B-2-1

              
                

              

            

            
              
              

            

          

          

           

          
            	
                    Certificate
                      No. 1

                  	
                    Variable
                      Pass-Through Rate

                  
	 	 
	
                    Class
                      B

                  	
                    Aggregate
                      Initial Certificate Principal

                  
	 	
                    Balance
                      of the Class B Certificates:

                  
	 	
                    $[__________]

                  
	 	 
	
                    Date
                      of Pooling and Servicing

                  	
                    Initial
                      Certificate Principal Balance

                  
	
                    Agreement
                      and Cut-off Date:

                  	
                    of
                      this Certificate:

                  
	
                    February
                      1, 2007

                  	
                    $[__________]

                  
	 	 
	
                    First
                      Distribution Date:

                  	
                    CUSIP:
                      [__________]

                  
	
                    March
                      26, 2007

                  	 

          

          

          Master
            Servicer:

          Impac
            Funding Corporation

           

          Assumed
            Final Distribution Date:

          March
            25,
            2037

           

          MORTGAGE
            PASS-THROUGH CERTIFICATE

          SERIES
            2007-1

           

          evidencing
            a percentage interest in any distributions allocable to the Class B Certificates
            with respect to the Trust Fund consisting primarily of a pool of one-
            to
            four-family adjustable-rate first lien and fixed rate first and second
            lien
            mortgage loans formed and sold by IMPAC SECURED ASSETS CORP.

           

          This
            Certificate is payable solely from the assets of the Trust Fund, and
            does not
            represent an obligation of or interest in Impac Secured Assets Corp.,
            the Master
            Servicer, the Trustee referred to below or any of their affiliates. Neither
            this
            Certificate nor the underlying Mortgage Loans are guaranteed or insured
            by any
            governmental agency or instrumentality or by Impac Secured Assets Corp.,
            the
            Master Servicer, the Trustee or any of their affiliates. None of the
            Company,
            the Master Servicer or any of their affiliates will have any obligation
            with
            respect to any certificate or other obligation secured by or payable
            from
            payments on the Certificates.

           

          This
            certifies that Cede & Co. is the registered owner of the Percentage Interest
            evidenced by this Certificate (obtained by dividing the Initial Certificate
            Principal Balance of this Certificate by the aggregate Initial Certificate
            Principal Balance of all Class B Certificates, both as specified above)
            in
            certain distributions with respect to a Trust Fund consisting primarily
            of a
            pool of one- to four-family adjustable-rate first lien and fixed rate
            first and
            second lien mortgage loans (the “Mortgage Loans”), formed and sold by Impac
            Secured Assets Corp. (hereinafter called the “Company,” which term includes any
            successor entity under the Agreement referred to below). The Trust Fund
            was
            created pursuant to a Pooling and Servicing Agreement dated as specified
            above
            (the “Agreement”) among the Company, the Master Servicer and Deutsche Bank
            National Trust Company, as trustee (the “Trustee”), a summary of certain of the
            pertinent provisions of which is set forth hereafter. To the extent not
            defined
            herein, the capitalized terms used herein have the meanings assigned
            in the
            Agreement. This Certificate is issued under and is subject to the terms,
            provisions and conditions of the Agreement, to which Agreement the Holder
            of
            this Certificate by virtue of the acceptance hereof assents and by which
            such
            Holder is bound.

          
            
              
              

            

            
              B-2-2

              
                

              

            

            
              
              

            

          

           

          Pursuant
            to the terms of the Agreement, a distribution will be made on the 25th
            day of
            each month or, if such 25th day is not a Business Day, the Business Day
            immediately following (the "Distribution Date”), commencing as described in the
            Agreement, to the Person in whose name this Certificate is registered
            on the
            Business Day immediately preceding such Distribution Date (the “Record Date”),
            from the Available Funds in an amount equal to the product of the Percentage
            Interest evidenced by this Certificate and the amount of interest and
            principal,
            if any, required to be distributed to Holders of Class B Certificates
            on such
            Distribution Date.

           

          Distributions
            on this Certificate will be made either by the Trustee or by a Paying
            Agent
            appointed by the Trustee either in immediately available funds (by wire
            transfer
            or otherwise) for the account of the Person entitled thereto if such
            Person
            shall have so notified the Trustee or such Paying Agent at least 5 Business
            Days
            prior to the related Record Date, or by check mailed to the address of
            the
            Person entitled thereto, as such name and address shall appear on the
            Certificate Register.

           

          Notwithstanding
            the above, the final distribution on this Certificate will be made after
            due
            notice of the pendency of such distribution and only upon presentation
            and
            surrender of this Certificate at the office or agency appointed by the
            Trustee
            for that purpose in the City and State of New York. The Initial Certificate
            Principal Balance of this Certificate is set forth above. The Certificate
            Principal Balance hereof will be reduced to the extent of the distributions
            allocable to principal and any Realized Losses allocable hereto.

           

          This
            Certificate is one of a duly authorized issue of Certificates issued
            in several
            Classes designated as Mortgage Pass-Through Certificates of the Series
            specified
            hereon (herein collectively called the “Certificates”).

           

          The
            Certificates are limited in right of payment to certain collections and
            recoveries respecting the Mortgage Loans, all as more specifically set
            forth
            herein and in the Agreement. In the event the Master Servicer advances
            funds
            with respect to any Mortgage Loan, such advance is reimbursable to the
            Master
            Servicer, to the extent provided in the Agreement, from related recoveries
            on
            such Mortgage Loan or from other cash that would have been distributable
            to
            Certificateholders.

           

          As
            provided in the Agreement, withdrawals from the Custodial Account and/or
            the
            Certificate Account created for the benefit of Certificateholders may
            be made by
            the Master Servicer from time to time for purposes other than distributions
            to
            Certificateholders, such purposes including without limitation reimbursement
            to
            the Trustee, the Company and the Master Servicer of advances made, or
            certain
            expenses incurred, by either of them.

           

          The
            Agreement permits, with certain exceptions therein provided, the amendment
            of
            the Agreement and the modification of the rights and obligations of the
            Company,
            the Master Servicer and the Trustee and the rights of the Certificateholders
            under the Agreement at any time by the Company, the Master Servicer and
            the
            Trustee with the consent of the Holders of Certificates evidencing in
            the
            aggregate not less than 66-2/3% of the Percentage Interests of each Class
            of
            Certificates affected thereby. Any such consent by the Holder of this
            Certificate shall be conclusive and binding on such Holder and upon all
            future
            holders of this Certificate and of any Certificate issued upon the transfer
            hereof or in exchange herefor or in lieu hereof whether or not notation
            of such
            consent is made upon the Certificate. The Agreement also permits the
            amendment
            thereof in certain circumstances with the consent of the Certificate
            Insurer and
            without the consent of the Holders of any of the Certificates and, in
            certain
            additional circumstances, without the consent of the Holders of certain
            Classes
            of Certificates.

          
            
              
              

            

            
              B-2-3

              
                

              

            

            
              
              

            

          

           

          Any
            transferee shall be deemed to have made the representations set forth
            in Section
            5.02(c) of the Agreement.

           

          As
            provided in the Agreement and subject to certain limitations therein
            set forth,
            the transfer of this Certificate is registrable in the Certificate Register
            upon
            surrender of this Certificate for registration of transfer at the offices
            or
            agencies appointed by the Trustee, duly endorsed by, or accompanied by
            an
            assignment in the form below or other written instrument of transfer
            in form
            satisfactory to the Trustee and the Certificate Registrar duly executed
            by the
            Holder hereof or such Holder's attorney duly authorized in writing, and
            thereupon one or more new Certificates of authorized denominations evidencing
            the same Class and aggregate Percentage Interest will be issued to the
            designated transferee or transferees.

           

          The
            Certificates are issuable only as registered Certificates without coupons
            in
            Classes and in denominations specified in the Agreement. As provided
            in the
            Agreement and subject to certain limitations therein set forth, Certificates
            are
            exchangeable for new Certificates of authorized denominations evidencing
            the
            same Class and aggregate Percentage Interest, as requested by the Holder
            surrendering the same.

           

          No
            service charge will be made for any such registration of transfer or
            exchange,
            but the Trustee may require payment of a sum sufficient to cover any
            tax or
            other governmental charge payable in connection therewith.

           

          The
            Company, the Master Servicer and the Trustee and any agent of the Company,
            the
            Master Servicer or the Trustee may treat the Person in whose name this
            Certificate is registered as the owner hereof for all purposes, and neither
            the
            Company, the Master Servicer, the Trustee nor any such agent shall be
            affected
            by notice to the contrary.

           

          This
            Certificate shall be governed by and construed in accordance with the
            laws of
            the State of New York.

           

          The
            Mortgage Loans are subject to termination in whole, but not in part,
            by the
            Master Servicer, on or after the Distribution Date on which the aggregate
            Stated
            Principal Balance of the Mortgage Loans is less than or equal to 10%
            of the
            aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off
            Date.

          
            
              
              

            

            
              B-2-4

              
                

              

            

            
              
              

            

          

           

          Unless
            the certificate of authentication hereon has been executed by the Trustee,
            by
            manual signature, this Certificate shall not be entitled to any benefit
            under
            the Agreement or be valid for any purpose.

           

          
            
              
              

            

            
              B-2-5

              
                

              

            

            
              
              

            

          

          IN
            WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
            executed.

          
            
               

              
                	 	 	 
	Dated:
                        February 22, 2007 	
                        DEUTSCHE
                          BANK
                          NATIONAL TRUST COMPANY,

                        as Trustee 

                      
	 
 	 
 	 
 
	 	By:  	 
	 	
                        
Authorized
                        Signatory

              

               

            

             

          

           

          CERTIFICATE
            OF AUTHENTICATION

           

          This
            is
            one of the Class B Certificates referred to in the within-mentioned
            Agreement.

          
             

            
              	 	 	 
	 	
                      DEUTSCHE
                        BANK
                        NATIONAL TRUST COMPANY,

                      as Trustee 

                    
	 
 	 
 	 
 
	 	By:  	 
	 	
                      
Authorized
                      Signatory

            

             

          

           

          
            
              
              

            

            
              B-2-6

              
                

              

            

            
              
              

            

          

          ASSIGNMENT

           

          FOR
            VALUE
            RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
            _____________________________________ (Please print or typewrite name
            and
            address including postal zip code of assignee) a Percentage Interest
            evidenced
            by the within Mortgage Pass-Through Certificate and hereby authorizes
            the
            transfer of registration of such interest to assignee on the Certificate
            Register of the Trust Fund.

           

          I
            (We)
            further direct the Certificate Registrar to issue a new Certificate of
            a like
            denomination and Class, to the above named assignee and deliver such
            Certificate
            to the following address:                                                                                                                         
                                                                                                                                                                                    &am

p;am
            p;am p;am p;#1
            60;         

           

          
             

            Dated:

                                                                                                  

            Signature
              by or on behalf of assignor

             

                                                                                               

            Signature
              Guaranteed

            
              
                
                

              

              
                B-2-7

                
                  

                

              

              
                
                

              

            

          DISTRIBUTION
            INSTRUCTIONS

           

          The
            assignee should include the following for purposes of distribution:

           

          Distributions
            shall be made, by wire transfer or otherwise, in immediately available
            funds
            to                                                                                    
            for the
            account of                                         
            account
            number                     
            ,or,
            if
            mailed by check, to                                                     Applicable
            statements should be mailed to                                                                                   
            . 

           

          This
            information is provided by                                 ,
            the
            assignee named above, or                           ,
            as its
            agent.

           

          

           

          

          
            
              
              

            

            
              B-2-8

              
                

              

            

            
              
              

            

          

          EXHIBIT
            B-3

           

          FORM
            OF
            CLASS C CERTIFICATES

           

          SOLELY
            FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR
            INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT” AS THOSE TERMS ARE
            DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE
            CODE OF
            1986 (THE “CODE”).

           

          THIS
            CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
            AS AMENDED
            (THE “ACT”). ANY RESALE OR TRANSFER OF THIS CERTIFICATE WITHOUT REGISTRATION
            THEREOF UNDER THE ACT MAY ONLY BE MADE IN A TRANSACTION EXEMPTED FROM
            THE
            REGISTRATION REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH THE PROVISIONS
            OF
            THE AGREEMENT REFERRED TO HEREIN.

           

          NO
            TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT
            ARRANGEMENT (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
            ACT OF 1974, AS AMENDED (“ERISA”), OR SECTION 4975 OF THE CODE SHALL BE MADE
            EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN.

          
            
              
              

            

            
              B-3-1

              
                

              

            

            
              
              

            

          

           

          NO
            TRANSFER OF THIS CERTIFICATE SHALL BE MADE UNLESS THE PROPOSED TRANSFEREE
            OF
            SUCH CERTIFICATE (1) PROVIDES TO THE TRUSTEE THE APPROPRIATE TAX CERTIFICATION
            FORMS THAT WOULD ELIMINATE ANY WITHHOLDING OR DEDUCTION FOR TAXES FROM
            AMOUNTS
            PAYABLE BY THE SWAP PROVIDER, PURSUANT TO THE INTEREST RATE SWAP AGREEMENT,
            AND
            BY THE CAP COUNTERPARY, PURSUANT TO THE CAP CONTRACTS, TO THE SUPPLEMENTAL
            INTEREST TRUST (I.E., IRS FORM W-9 OR IRS FORM W-8BEN, W-8IMY, W-8EXP
            OR W-8ECI,
            AS APPLICABLE (OR ANY SUCCESSOR FORM THERETO), TOGETHER WITH ANY APPLICABLE
            ATTACHMENTS) AND (2) AGREES TO UPDATE SUCH FORMS (A) UPON EXPIRATION
            OF ANY SUCH
            FORM, (B) AS REQUIRED UNDER THEN APPLICABLE U.S. TREASURY REGULATIONS
            AND (C)
            PROMPTLY UPON LEARNING THAT SUCH FORMS HAVE BECOME OBSOLETE OR INCORRECT,
            EACH
            AS A CONDITION TO SUCH TRANSFER. IN ADDITION, NO TRANSFER OF THIS CERTIFICATE
            SHALL BE MADE IF SUCH TRANSFER WOULD CAUSE THE SUPPLEMENTAL INTEREST
            TRUST TO BE
            BENEFICIALLY OWNED BY TWO OR MORE PERSONS FOR FEDERAL INCOME TAX PURPOSES,
            OR
            CONTINUE TO BE SO TREATED, UNLESS (I) EACH PROPOSED TRANSFEREE OF SUCH
            CERTIFICATE COMPLIES WITH THE FOREGOING CONDITIONS, AND (II) THE PROPOSED
            MAJORITY HOLDER OF THE CLASS C CERTIFICATES (OR EACH HOLDER, IF THERE
            IS OR
            WOULD BE NO MAJORITY HOLDER) (X) PROVIDES, OR CAUSES TO BE PROVIDED,
            ON BEHALF
            OF THE SUPPLEMENTAL INTEREST TRUST, IF APPLICABLE, TO
            THE TRUSTEE, THE APPROPRIATE TAX CERTIFICATION FORM THAT WOULD BE REQUIRED
            FROM
            THE SUPPLEMENTAL INTEREST TRUST TO ELIMINATE ANY WITHHOLDING OR DEDUCTION
            FOR
            TAXES FROM AMOUNTS PAYABLE BY THE SWAP PROVIDER, PURSUANT TO THE INTEREST
            RATE
            SWAP AGREEMENT, AND BY THE CAP COUNTERPARY, PURSUANT TO THE CAP CONTRACTS,
            TO
            THE SUPPLEMENTAL INTEREST TRUST (I.E., IRS FORM W-9 OR IRS FORM W-8BEN,
            W-8IMY,
            W-8EXP OR W-8ECI, AS APPLICABLE (OR ANY SUCCESSOR FORM THERETO), TOGETHER
            WITH
            ANY APPLICABLE ATTACHMENTS) AND (Y) AGREES TO UPDATE SUCH FORM (A) UPON
            EXPIRATION OF SUCH FORM, (B) AS REQUIRED UNDER THEM APPLICABLE U.S. TREASURY
            REGULATIONS AND (C) PROMPTLY UPON LEARNING THAT SUCH FORM HAS BECOME
            OBSOLETE OR
            INCORRECT. UNDER THE AGREEMENT, UPON RECEIPT OF ANY TAX CERTIFICATION
            FORM
            PURSUANT TO THESE TRANSFER RESTRICTIONS FROM A PROPOSED HOLDER OF THIS
            CERTIFICATE, THE TRUSTEE, AS THE SUPPLEMENTAL INTEREST TRUST TRUSTEE, SHALL
            FORWARD SUCH TAX CERTIFICATION FORM PROVIDED TO IT TO THE SWAP PROVIDER AND
            CAP COUNTERPARTY. EACH HOLDER OF THIS CERTIFICATE AND EACH TRANSFEREE
            THEREOF
            SHALL BE DEEMED TO HAVE CONSENTED TO THE TRUSTEE, AS THE SUPPLEMENTAL
            INTEREST
            TRUST TRUSTEE, FORWARDING TO THE SWAP PROVIDER AND CAP COUNTERPARTY ANY TAX
            CERTIFICATION FORM IT HAS PROVIDED AND UPDATED IN ACCORDANCE WITH THESE
            TRANSFER
            RESTRICTIONS. ANY PURPORTED SALES OR TRANSFERS OF THIS CERTIFICATE TO
            A
            TRANSFEREE WHICH DOES NOT COMPLY WITH THESE REQUIREMENTS SHALL BE DEEMED
            NULL
            AND VOID UNDER THE AGREEMENT.

          
            
              
              

            

            
              B-3-2

              
                

              

            

            
              
              

            

          

          

          
            	
                    Certificate
                      No. 1

                  	 
	 	 
	
                    Class
                      C

                  	
                    Aggregate
                      Initial Notional Amount of the Class C Certificates:

                    $_____________]

                  
	 	 
	
                    Date
                      of Pooling and Servicing

                    Agreement
                      and Cut-off Date: 

                    February
                      1, 2007

                  	
                    Initial
                      Notional Amount of this Certificate:

                    $[_____________]

                  
	 	 
	
                    First
                      Distribution Date:

                    March
                      26, 2007

                  	
                    Initial
                      Certificate Principal Balance

                    of
                      this Certificate $[_________]

                  
	 	 
	
                    Master
                      Servicer:

                    Impac
                      Funding Corporation

                  	
                    Percentage
                      Interest of this 

                     

                    Certificate:
                      100%

                  
	 	 
	
                    Assumed
                      Final Distribution Date:

                    March
                      25, 2037

                  	
                    CUSIP:
                      [_________]

                  

          

           

          MORTGAGE
            PASS-THROUGH CERTIFICATE

           

          SERIES
            2007-1

           

          evidencing
            percentage interest in the distributions allocable to the Class C Certificates
            with respect to a Trust Fund consisting primarily of a pool of one- to
            four-
            family adjustable-rate first lien and fixed rate first and second lien
            mortgage
            loans formed and sold by IMPAC SECURED ASSETS CORP.

           

          This
            Certificate is payable solely from the assets of the Trust Fund, and
            does not
            represent an obligation of or interest in Impac Secured Assets Corp.,
            the Master
            Servicer, the Trustee referred to below or any of their affiliates. Neither
            this
            Certificate nor the underlying Mortgage Loans are guaranteed or insured
            by any
            governmental agency or instrumentality or by Impac Secured Assets Corp.,
            the
            Master Servicer, the Trustee or any of their affiliates. None of the
            Company,
            the Master Servicer or any of their affiliates will have any obligation
            with
            respect to any certificate or other or obligation secured by or payable
            from
            payments on the Certificates.

           

          This
            certifies that [___________________] is the registered owner of the Percentage
            Interest evidenced by this Class C Certificate (obtained by dividing
            the
            Original Class C Certificate by the Original Class Certificate Principal
            Balance) in certain distributions with respect to a Trust consisting
            primarily
            of the Mortgage Loans deposited by Impac Secured Assets Corp. (the “Company”).
            The Trust was created pursuant to a Pooling and Servicing Agreement dated
            as of
            February 1, 2007 (the “Agreement”) among the Company, Impac Funding Corporation,
            as master servicer (the “Master Servicer”) and Deutsche Bank National Trust
            Company, as trustee (the “Trustee”). To the extent not defined herein, the
            capitalized terms used herein have the meanings assigned in the Agreement.
            This
            Class C Certificate is issued under and is subject to the terms, provisions
            and
            conditions of the Agreement, to which Agreement the Holder of this Class
            C
            Certificate by virtue of the acceptance hereof assents and by which such
            Holder
            is bound.

          
            
              
              

            

            
              B-3-3

              
                

              

            

            
              
              

            

          

           

          Pursuant
            to the terms of the Agreement, a distribution will be made on the 25th
            day of
            each month or, if such 25th day is not a Business Day, the Business Day
            immediately following (the “Distribution Date”), commencing as described in the
            Agreement, to the Person in whose name this Certificate is registered
            at the
            close of business on the last Business Day of the month immediately preceding
            the month of such Distribution Date (the “Record Date”), from the Available
            Distribution Amount in an amount equal to the product of the Percentage
            Interest
            evidenced by this Certificate and the amount (of interest, if any) required
            to
            be distributed to Holders of Class C Certificates on such Distribution
            Date.

           

          Distributions
            on this Certificate will be made either by the Trustee or by a Paying
            Agent
            appointed by the Trustee either in immediately available funds (by wire
            transfer
            or otherwise) for the account of the Person entitled thereto if such
            Person
            shall have so notified the Trustee or such Paying Agent at least 5 Business
            Days
            prior to the related Record Date, or by check mailed to the address of
            the
            Person entitled thereto, as such name and address shall appear on the
            Certificate Register.

           

          Notwithstanding
            the above, the final distribution on this Certificate will be made after
            due
            notice of the pendency of such distribution and only upon presentation
            and
            surrender of this Certificate at the office or agency appointed by the
            Trustee
            for that purpose in the City and State of New York.

           

          This
            Certificate is one of a duly authorized issue of Certificates issued
            in several
            Classes designated as Mortgage Pass-Through Certificates of the Series
            specified
            hereon (herein collectively called the “Certificates”).

           

          The
            Certificates are limited in right of payment to certain collections and
            recoveries respecting the Mortgage Loans, all as more specifically set
            forth
            herein and in the Agreement. In the event the Master Servicer advances
            funds
            with respect to any Mortgage Loan, such advance is reimbursable to the
            Master
            Servicer, to the extent provided in the Agreement, from related recoveries
            on
            such Mortgage Loan or from other cash that would have been distributable
            to
            Certificateholders.

           

          As
            provided in the Agreement, withdrawals from the Custodial Account and/or
            the
            Certificate Account created for the benefit of Certificateholders may
            be made by
            the Master Servicer from time to time for purposes other than distributions
            to
            Certificateholders, such purposes including without limitation reimbursement
            to
            the Trustee, the Company and the Master Servicer of advances made, or
            certain
            expenses incurred, by either of them.

          
            
              
              

            

            
              B-3-4

              
                

              

            

            
              
              

            

          

           

          No
            transfer of a Certificate of this Class shall be made unless such transfer
            is
            made pursuant to an effective registration statement under the Act and
            any
            applicable state securities laws or is exempt from the registration requirements
            under said Act and such laws. In the event that a transfer is to be made
            in
            reliance upon an exemption from the Act and such laws, in order to assure
            compliance with the act and such laws, the Certificateholder desiring
            to effect
            such transfer and such Certificateholder’s prospective transferee shall each
            certify to the Trustee and the Company in writing the facts surrounding
            the
            transfer. In the event that such a transfer is not to be made pursuant
            to Rule
            144A of the act, there shall be delivered to the Trustee and the Company
            of an
            Opinion of Counsel that such transfer may be made pursuant to an exemption
            from
            the Act, which Opinion of Counsel shall not be obtained at the expense
            of the
            Trustee, the Master Servicer or the Company; or there shall be delivered
            to the
            Trustee and the Company a transferor certificate by the transferor and
            an
            investment letter shall be executed by the transferee. The Holder hereof
            desiring to effect such transfer shall, and does hereby agree to, indemnify
            the
            Trustee and the Company against any liability that may result if the
            transfer is
            not so exempt or is not made in accordance with such federal and state
            laws.

           

          No
            transfer of this Certificate to a Plan subject to ERISA or Section 4975
            of the
            Code, any Person acting, directly or indirectly, on behalf of any such
            Plan or
            any person using Plan Assets to acquire this Certificate shall be made
            except in
            accordance with Section 5.02(c) of the Agreement.

           

          The
            Agreement permits, with certain exceptions therein provided, the amendment
            of
            the Agreement and the modification of the rights and obligations of the
            Company,
            the Master Servicer and the Trustee and the rights of the Certificateholders
            under the Agreement at any time by the Company, the Master Servicer and
            the
            Trustee with the consent of the Holders of Certificates evidencing in the
            aggregate not less than 66-2/3% of the Percentage Interests of each Class
            of
            Certificates affected thereby. Any such consent by the Holder of this
            Certificate shall be conclusive and binding on such Holder and upon all
            future
            holders of this Certificate and of any Certificate issued upon the transfer
            hereof or in exchange herefor or in lieu hereof whether or not notation
            of such
            consent is made upon the Certificate. The Agreement also permits the
            amendment
            thereof in certain circumstances with the consent of the Certificate
            Insurer and
            without the consent of the Holders of any of the Certificates and, in
            certain
            additional circumstances, without the consent of the Holders of certain
            Classes
            of Certificates.

           

          As
            provided in the Agreement and subject to certain limitations therein
            set forth,
            the transfer of this Certificate is registrable in the Certificate Register
            upon
            surrender of this Certificate for registration of transfer at the offices
            or
            agencies appointed by the Trustee, duly endorsed by, or accompanied by
            an
            assignment in the form below or other written instrument of transfer
            in form
            satisfactory to the Trustee and the Certificate Registrar duly executed
            by the
            Holder hereof or such Holder's attorney duly authorized in writing, and
            thereupon one or more new Certificates of authorized denominations evidencing
            the same Class and aggregate Percentage Interest will be issued to the
            designated transferee or transferees.

           

          The
            Certificates are issuable only as registered Certificates without coupons
            in
            Classes and in denominations specified in the Agreement. As provided
            in the
            Agreement and subject to certain limitations therein set forth, Certificates
            are
            exchangeable for new Certificates of authorized denominations evidencing
            the
            same Class and aggregate Percentage Interest, as requested by the Holder
            surrendering the same.

          
            
              
              

            

            
              B-3-5

              
                

              

            

            
              
              

            

          

           

          No
            service charge will be made for any such registration of transfer or
            exchange,
            but the Trustee may require payment of a sum sufficient to cover any
            tax or
            other governmental charge payable in connection therewith.

           

          The
            Company, the Master Servicer and the Trustee and any agent of the Company,
            the
            Master Servicer or the Trustee may treat the Person in whose name this
            Certificate is registered as the owner hereof for all purposes, and neither
            the
            Company, the Master Servicer, the Trustee nor any such agent shall be
            affected
            by notice to the contrary.

           

          This
            Certificate shall be governed by and construed in accordance with the
            laws of
            the State of New York.

           

          The
            Mortgage Loans are subject to termination in whole, but not in part,
            by the
            Master Servicer, on or after the Distribution Date on which the aggregate
            Stated
            Principal Balance of the Mortgage Loans is less than or equal to 10%
            of the
            aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off
            Date.

           

          Unless
            the certificate of authentication hereon has been executed by the Trustee,
            by
            manual signature, this Certificate shall not be entitled to any benefit
            under
            the Agreement or be valid for any purpose.

           

          
            
              
              

            

            
              B-3-6

              
                

              

            

            
              
              

            

          

          IN
            WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
            executed.

           

          
            	
                    Dated:
                      February 22, 2007

                  	
                    DEUTSCHE
                      BANK NATIONAL TRUST COMPANY,

                    as
                      Trustee

                     

                     

                     

                    By:______________________________

                                  
                      Authorized Signatory

                  

          

          

          
 

           

          CERTIFICATE
            OF AUTHENTICATION

           

          This
            is
            one of the Class C Certificates referred to in the within-mentioned
            Agreement.

           

          
             

            
              	
                       

                    	
                      DEUTSCHE
                        BANK NATIONAL TRUST COMPANY,

                      as
                        Trustee

                       

                       

                       

                      By:______________________________

                                    
                        Authorized Signatory

                    

            

            

          

          

          
            
              
              

            

            
              B-3-7

              
                

              

            

            
              
              

            

          

          ASSIGNMENT

           

          FOR
            VALUE
            RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
            _____________________________________ (Please print or typewrite name
            and
            address including postal zip code of assignee) a Percentage Interest
            evidenced
            by the within Mortgage Pass-Through Certificate and hereby authorizes
            the
            transfer of registration of such interest to assignee on the Certificate
            Register of the Trust Fund.

           

          I
            (We)
            further direct the Certificate Registrar to issue a new Certificate of
            a like
            denomination and Class, to the above named assignee and deliver such
            Certificate
            to the following address: 

          
            	 
	 

          

          

          

          
            	
                    Dated:

                  	 
	 	
                    Signature
                      by or on behalf of assignor

                  
	 	 
	 	 
	 	
                    Signature
                      Guaranteed

                  

          

          

          
            
              
              

            

            
              B-3-8

              
                

              

            

            
              
              

            

          

          DISTRIBUTION
            INSTRUCTIONS

           

          The
            assignee should include the following for purposes of distribution:

           

          Distributions
            shall be made, by wire transfer or otherwise, in immediately available
            funds to
            ________________________________________________for the account of ______________
            account
            number ___________, or, if mailed by check, to________________ _____
            Applicable
            statements should be mailed to ______________________________________
            ______________________________________________________________________________
            _________.

           

          This
            information is provided by __________________, the assignee named above,
            or
____________________,
            as its
            agent.

           

          

           

          

           

          
            
              
              

            

            
              B-3-9

              
                

              

            

            
              
              

            

          

          EXHIBIT
            B-4

           

          FORM
            OF
            CLASS P CERTIFICATE

           

          SOLELY
            FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR
            INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE
            DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE
            CODE OF
            1986, AS AMENDED (THE “CODE”).

           

          THIS
            CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
            AS AMENDED
            (THE “ACT”). ANY RESALE OR TRANSFER OF THIS CERTIFICATE WITHOUT REGISTRATION
            THEREOF UNDER THE ACT MAY ONLY BE MADE IN A TRANSACTION EXEMPTED FROM
            THE
            REGISTRATION REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH THE PROVISIONS
            OF
            THE AGREEMENT REFERRED TO HEREIN.

           

          NO
            TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT
            ARRANGEMENT (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
            ACT OF 1974, AS AMENDED (“ERISA”), OR SECTION 4975 OF THE CODE SHALL BE MADE
            EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN.

           

          
            
              
              

            

            
              B-4-1

              
                

              

            

            
              
              

            

          

          

          
            	
                    Certificate
                      No. 1

                  	 
	 	 
	
                    Class
                      P

                  	
                    Aggregate
                      Initial Certificate Principal

                    Balance
                      of the Class P Certificates:

                    $100.00

                  
	 	 
	
                    Date
                      of Pooling and Servicing

                    Agreement
                      and Cut-off Date:

                    February
                      1, 2007

                  	
                    Initial
                      Certificate Principal Balance

                    of
                      this Certificate Denomination:

                    $100.00

                  
	 	 
	
                    First
                      Distribution Date

                    March
                      26, 2007

                  	
                    Percentage
                      Interest of this Certificate:

                    100%

                  
	 	 
	
                    Master
                      Servicer

                    Impac
                      Funding Corporation

                  	
                    CUSIP:
                      [_________]

                  
	 	 
	
                    Assumed
                      Final Distribution Date:

                    March
                      25, 2037

                  	 

          

           

          MORTGAGE
            PASS-THROUGH CERTIFICATE

           

          SERIES
            2007-1

           

          evidencing
            a percentage interest in any distributions allocable to the Class P Certificates
            with respect to the Trust Fund consisting primarily of a pool of one-to
            four-family adjustable-rate first lien and fixed rate first and second
            lien
            mortgage loans formed and sold by IMPAC SECURED ASSETS CORP.

           

          This
            Certificate is payable solely from the assets of the Trust Fund, and
            does not
            represent an obligation of or interest in Impac Secured Assets Corp.,
            the Master
            Servicer, the Trustee referred to below or any of their affiliates. Neither
            this
            Certificate nor the underlying Mortgage Loans are guaranteed or insured
            by any
            governmental agency or instrumentality or by Impac Secured Assets Corp.,
            the
            Master Servicer, the Trustee or any of their affiliates. None of the
            Company,
            the Master Servicer or any of their affiliates will have any obligation
            with
            respect to any certificate or other obligation secured by or payable
            from
            payments on the Certificates.

          
            
              
              

            

            
              B-4-2

              
                

              

            

            
              
              

            

          

           

          This
            certifies that Deutsche Bank National Trust Company on behalf of the
            Impac NIM
            Trust 2007-1 Noteholders is the registered owner of the Percentage Interest
            evidenced by this Class P Certificate (obtained by dividing the Denomination
            of
            this Class P Certificate by the Original Class Certificate Principal
            Balance) in
            certain distributions with respect to a Trust Fund consisting primarily
            of a
            pool of one- to four-family adjustable-rate first lien and fixed rate
            first and
            second lien mortgage loans (the “Mortgage Loans”), formed and sold by Impac
            Secured Assets Corp. (hereinafter called the “Company,” which term includes any
            successor entity under the Agreement referred to below). The Trust Fund
            was
            created pursuant to a Pooling and Servicing Agreement dated as specified
            above
            (the “Agreement”) among the Company, the Master Servicer and Deutsche Bank
            National Trust Company, as trustee (the “Trustee”), a summary of certain of the
            pertinent provisions of which is set forth hereafter. To the extent not
            defined
            herein, the capitalized terms used herein have the meanings assigned
            in the
            Agreement. This Certificate is issued under and is subject to the terms,
            provisions and conditions of the Agreement; to which Agreement the Holder
            of
            this Certificate by virtue of the acceptance hereof assents and by which
            such
            Holder is bound.

           

          Pursuant
            to the terms of the Agreement, a distribution will be made on the 25th
            day of
            each month or, if such 25th day is not a Business Day, the Business Day
            immediately following (the “Distribution Date”), commencing as described in the
            Agreement, to the Person in whose name this Certificate is registered
            at the
            close of business on the last Business Day of the month immediately preceding
            the month of such Distribution Date (the “Record Date”), from the Available
            Distribution Amount in an amount equal to the product of the Percentage
            Interest
            evidenced by this Certificate and the amount (of Prepayment Charges and
            principal, if any) required to be distributed to Holders of Class P Certificates
            on such Distribution Date.

           

          Distributions
            on this Certificate will be made either by the Trustee or by a Paying
            Agent
            appointed by the Trustee either in immediately available funds (by wire
            transfer
            or otherwise) for the account of the Person entitled thereto if such
            Person
            shall have so notified the Trustee or such Paying Agent at least 5 Business
            Days
            prior to the related Record Date, or by check mailed to the address of
            the
            Person entitled thereto, as such name and address shall appear on the
            Certificate Register.

           

          Notwithstanding
            the above, the final distribution on this Certificate will be made after
            due
            notice of the pendency of such distribution and only upon presentation
            and
            surrender of this Certificate at the office or agency appointed by the
            Trustee
            for that purpose in the City and State of New York. The Initial Certificate
            Principal Balance of this Certificate is set forth above. The Certificate
            Principal Balance hereof will be reduced to the extent of the distributions
            allocable to principal allocable hereto.

           

          This
            Certificate is one of a duly authorized issue of Certificates issued
            in several
            Classes designated as Mortgage Pass-Through Certificates of the Series
            specified
            hereon (herein collectively called the “Certificates”).

          
            
              
              

            

            
              B-4-3

              
                

              

            

            
              
              

            

          

           

          The
            Certificates are limited in right of payment to certain collections and
            recoveries respecting the Mortgage Loans, all as more specifically set
            forth
            herein and in the Agreement. In the event the Master Servicer advances
            funds
            with respect to any Mortgage Loan, such advance is reimbursable to the
            Master
            Servicer, to the extent provided in the Agreement, from related recoveries
            on
            such Mortgage Loan or from other cash that would have been distributable
            to
            Certificateholders.

           

          As
            provided in the Agreement, withdrawals from the Custodial Account and/or
            the
            Certificate Account created for the benefit of Certificateholders may
            be made by
            the Master Servicer from time to time for purposes other than distributions
            to
            Certificateholders, such purposes including without limitation reimbursement
            to
            the Trustee, the Company and the Master Servicer of advances made, or
            certain
            expenses incurred, by either of them.

           

          No
            transfer of a Certificate of this Class shall be made unless such transfer
            is
            made pursuant to an effective registration statement under the Act and
            any
            applicable state securities laws or is exempt from the registration requirements
            under said Act and such laws. In the event that a transfer is to be made
            in
            reliance upon an exemption from the Act and such laws, in order to assure
            compliance with the Act and such laws, the Certificateholder desiring
            to effect
            such transfer and such Certificateholder's prospective transferee shall
            each
            certify to the Trustee and the Company in writing the facts surrounding
            the
            transfer. In the event that such a transfer is not to be made pursuant
            to Rule
            144A of the Act, there shall be delivered to the Trustee and the Company
            of an
            Opinion of Counsel that such transfer may be made pursuant to an exemption
            from
            the Act, which Opinion of Counsel shall not be obtained at the expense
            of the
            Trustee, the Master Servicer or the Company; or there shall be delivered
            to the
            Trustee and the Company a transferor certificate by the transferor and
            an
            investment letter shall be executed by the transferee. The Holder hereof
            desiring to effect such transfer shall, and does hereby agree to, indemnify
            the
            Trustee and the Company against any liability that may result if the
            transfer is
            not so exempt or is not made in accordance with such federal and state
            laws.

           

          No
            transfer of this Certificate to a Plan subject to ERISA or Section 4975
            of the
            Code, any Person acting, directly or indirectly, on behalf of any such
            Plan or
            any person using Plan Assets to acquire this Certificate shall be made
            except in
            accordance with Section 5.02(c) of the Agreement.

           

          The
            Agreement permits, with certain exceptions therein provided, the amendment
            of
            the Agreement and the modification of the rights and obligations of the
            Company,
            the Master Servicer and the Trustee and the rights of the Certificateholders
            under the Agreement at any time by the Company, the Master Servicer and
            the
            Trustee with the consent of the Holders of Certificates evidencing in
            the
            aggregate not less than 66-2/3% of the Percentage Interests of each Class
            of
            Certificates affected thereby. Any such consent by the Holder of this
            Certificate shall be conclusive and binding on such Holder and upon all
            future
            holders of this Certificate and of any Certificate issued upon the transfer
            hereof or in exchange herefor or in lieu hereof whether or not notation
            of such
            consent is made upon the Certificate. The Agreement also permits the
            amendment
            thereof in certain circumstances with the consent of the Certificate
            Insurer and
            without the consent of the Holders of any of the Certificates and, in
            certain
            additional circumstances, without the consent of the Holders of certain
            Classes
            of Certificates.

          
            
              
              

            

            
              B-4-4

              
                

              

            

            
              
              

            

          

           

          As
            provided in the Agreement and subject to certain limitations therein
            set forth,
            the transfer of this Certificate is registrable in the Certificate Register
            upon
            surrender of this Certificate for registration of transfer at the offices
            or
            agencies appointed by the Trustee, duly endorsed by, or accompanied by
            an
            assignment in the form below or other written instrument of transfer
            in form
            satisfactory to the Trustee and the Certificate Registrar duly executed
            by the
            Holder hereof or such Holder's attorney duly authorized in writing, and
            thereupon one or more new Certificates of authorized denominations evidencing
            the same Class and aggregate Percentage Interest will be issued to the
            designated transferee or transferees.

           

          The
            Certificates are issuable only as registered Certificates without coupons
            in
            Classes and in denominations specified in the Agreement. As provided
            in the
            Agreement and subject to certain limitations therein set forth, Certificates
            are
            exchangeable for new Certificates of authorized denominations evidencing
            the
            same Class and aggregate Percentage Interest, as requested by the Holder
            surrendering the same.

           

          No
            service charge will be made for any such registration of transfer or
            exchange,
            but the Trustee may require payment of a sum sufficient to cover any
            tax or
            other governmental charge payable in connection therewith.

           

          The
            Company, the Master Servicer and the Trustee and any agent of the Company,
            the
            Master Servicer or the Trustee may treat the Person in whose name this
            Certificate is registered as the owner hereof for all purposes, and neither
            the
            Company, the Master Servicer, the Trustee nor any such agent shall be
            affected
            by notice to the contrary.

           

          This
            Certificate shall be governed by and construed in accordance with the
            laws of
            the State of New York.

           

          The
            Mortgage Loans are subject to termination in whole, but not in part,
            by the
            Master Servicer, on or after the Distribution Date on which the aggregate
            Stated
            Principal Balance of the Mortgage Loans is less than or equal to 10%
            of the
            aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off
            Date.

           

          Unless
            the certificate of authentication hereon has been executed by the Trustee,
            by
            manual signature, this Certificate shall not be entitled to any benefit
            under
            the Agreement or be valid for any purpose.

           

          
            
              
              

            

            
              B-4-5

              
                

              

            

            
              
              

            

          

          

          IN
            WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
            executed.

           

          
            	
                    Dated:
                      February 22, 2007

                  	
                    DEUTSCHE
                      BANK NATIONAL TRUST COMPANY,

                    as
                      Trustee

                     

                     

                     

                    By:______________________________

                              
                      Authorized Signatory

                  

          

          

          

           

          

           

          

           

          

           

          CERTIFICATE
            OF AUTHENTICATION

           

          This
            is
            one of the Class P Certificates referred to in the within-mentioned
            Agreement.

           

          
             

            
              	
                       

                    	
                      DEUTSCHE
                        BANK NATIONAL TRUST COMPANY,

                      as
                        Trustee

                       

                       

                       

                      By:______________________________

                         Authorized
                        Signatory

                    

            

            

             

          

           

          
            
              
              

            

            
              B-4-6

              
                

              

            

            
              
              

            

          

          

          ASSIGNMENT

           

          FOR
            VALUE
            RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s)
            unto

           

          
            

          

        

        
          
             

            
              

            

          

           

          (Please
            print or typewrite name and address including postal zip code of
            assignee)

           

          the
            Percentage Interest evidenced by the within Certificate and hereby authorizes
            the transfer of registration of such Percentage Interest to assignee
            on the
            Certificate Register of the Trust.

           

          I
            (We)
            further direct the Trustee to issue a new Certificate of a like denomination
            and
            Class, to the above named assignee and deliver such Certificate to the
            following
            address: 

           

            
              

            

          

           

            
              

            

          

           

          
             

             

             

            Dated:

                                                                                                  

            Signature
              by or on behalf of assignor

             

                                                                                               

            Signature
              Guaranteed

          

           

          
            
              
              

            

            
              B-4-7

              
                

              

            

            
              
              

            

          

          

           

          DISTRIBUTION
            INSTRUCTIONS

           

          The
            assignee should include the following for purposes of distribution:

           

          Distributions
            shall be made, by wire transfer or otherwise, in immediately available
            funds to
            ________________________________________________for the account of ______________
            account
            number ___________, or, if mailed by check, to________________ _____
            Applicable
            statements should be mailed to ______________________________________
            ______________________________________________________________________________
            _________.

           

          This
            information is provided by __________________, the assignee named above,
            or
____________________,
            as its
            agent.

           

          

           

          
            
              
              

            

            
              B-4-8

              
                

              

            

            
              
              

            

          

          EXHIBIT
            B-5

           

          FORM
            OF
            CLASS R CERTIFICATE

           

          THIS
            CERTIFICATE MAY NOT BE HELD BY OR TRANSFERRED TO A NON-UNITED STATES
            PERSON OR A
            DISQUALIFIED ORGANIZATION (AS DEFINED BELOW).

           

          SOLELY
            FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “RESIDUAL
            INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT” AS THOSE TERMS ARE
            DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE
            CODE OF
            1986 (THE “CODE”).

           

          NO
            TRANSFER OF THIS CERTIFICATE MAY BE MADE TO ANY PERSON, UNLESS THE TRANSFEREE
            PROVIDES EITHER A CERTIFICATION PURSUANT TO SECTION 5.02(c) OF THE AGREEMENT
            (AS
            DEFINED BELOW) OR AN OPINION OF COUNSEL AS PROVIDED IN SECTION 5.02(c)
            THAT THE
            PURCHASE OF THIS CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL
            NOT
            CONSTITUTE OR RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION
            406 OF
            THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR
            SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE MASTER SERVICER, THE
            COMPANY
            OR THE TRUSTEE TO ANY OBLIGATION OR LIABILITY IN ADDITION TO THOSE UNDERTAKEN
            IN
            THE AGREEMENT.

           

          THIS
            CLASS R CERTIFICATE HAS NO PRINCIPAL BALANCE, DOES NOT BEAR INTEREST
            AND WILL
            NOT RECEIVE ANY DISTRIBUTIONS EXCEPT AS PROVIDED HEREIN.

          
            
              
              

            

            
              B-5-1

              
                

              

            

            
              
              

            

          

           

          ANY
            RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE
            ONLY IF
            THE PROPOSED TRANSFEREE PROVIDES A TRANSFER AFFIDAVIT TO THE MASTER SERVICER
            AND
            THE TRUSTEE THAT (1) SUCH TRANSFEREE IS NOT (A) THE UNITED STATES, ANY
            STATE OR
            POLITICAL SUBDIVISION THEREOF, ANY FOREIGN GOVERNMENT, ANY INTERNATIONAL
            ORGANIZATION, OR ANY AGENCY OR INSTRUMENTALITY OF ANY OF THE FOREGOING,
            (B) ANY
            ORGANIZATION (OTHER THAN A COOPERATIVE DESCRIBED IN SECTION 521 OF THE
            CODE)
            WHICH IS EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE CODE UNLESS
            SUCH
            ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION 511 OF THE CODE,
            (C) ANY
            ORGANIZATION DESCRIBED IN SECTION 1381(a)(2)(C) OF THE CODE, (D) ANY
            ELECTING
            LARGE PARTNERSHIP UNDER SECTION 775(a) OF THE CODE (ANY SUCH PERSON DESCRIBED
            IN
            THE FOREGOING CLAUSES (A), (B) (C) OR (D) BEING HEREIN REFERRED TO AS
            A
“DISQUALIFIED ORGANIZATION”) OR (E) AN AGENT OF A DISQUALIFIED ORGANIZATION, (2)
            NO PURPOSE OF SUCH TRANSFER IS TO IMPEDE THE ASSESSMENT OR COLLECTION
            OF TAX,
            (3) SUCH TRANSFEREE SATISFIES CERTAIN ADDITIONAL CONDITIONS RELATING
            TO THE
            FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE AND (4) SUCH TRANSFEREE
            IS A
            UNITED STATES PERSON. NOTWITHSTANDING THE REGISTRATION IN THE CERTIFICATE
            REGISTER OR ANY TRANSFER, SALE OR OTHER DISPOSITION OF THIS CERTIFICATE
            TO A
            DISQUALIFIED ORGANIZATION OR AN AGENT OF A DISQUALIFIED ORGANIZATION
            OR A
            NON-UNITED STATES PERSON, SUCH REGISTRATION SHALL BE DEEMED TO BE OF
            NO LEGAL
            FORCE OR EFFECT WHATSOEVER AND SUCH PERSON SHALL NOT BE DEEMED TO BE
            A
            CERTIFICATEHOLDER FOR ANY PURPOSE HEREUNDER, INCLUDING, BUT NOT LIMITED
            TO, THE
            RECEIPT OF DISTRIBUTIONS ON THIS CERTIFICATE. EACH HOLDER OF THIS CERTIFICATE
            BY
            ACCEPTANCE OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE CONSENTED TO THE
            PROVISIONS OF THIS PARAGRAPH.

           

          
            
              
              

            

            
              B-5-2

              
                

              

            

            
              
              

            

          

          

          
            	
                    Certificate
                      No. 1

                  	 
	 	 
	
                    Class
                      R Senior

                  	 
	 	 
	
                    Date
                      of Pooling and Servicing

                    Agreement
                      and Cut-off Date: February 1, 2007

                  	
                    Percentage
                      Interest: 100%

                  
	 	 
	
                    First
                      Distribution Date: March 26, 2007

                  	 
	 	 
	
                    Master
                      Servicer:

                    Impac
                      Funding Corporation

                  	 
	 	 
	
                    Assumed
                      Final Distribution Date: 

                    March
                      25, 2037

                  	
                    CUSIP:
                      [_________]

                  

          

           

          MORTGAGE
            PASS-THROUGH CERTIFICATE,

           

          SERIES
            2007-1

           

          evidencing
            a percentage interest in any distributions allocable to the Class R Certificates
            with respect to the Trust Fund consisting primarily of a pool of one-
            to
            four-family adjustable-rate first lien and fixed rate first and second
            lien
            mortgage loans formed and sold by IMPAC SECURED ASSETS CORP.

           

          This
            Certificate is payable solely from the assets of the Trust Fund, and
            does not
            represent an obligation of or interest in Impac Secured Assets Corp.,
            the Master
            Servicer, the Trustee referred to below or any of their affiliates. Neither
            this
            Certificate nor the underlying Mortgage Loans are guaranteed or insured
            by any
            governmental agency or instrumentality or by Impac Secured Assets Corp.,
            the
            Master Servicer, the Trustee or any of their affiliates. None of the
            Company,
            the Master Servicer or any of their affiliates will have any obligation
            with
            respect to any certificate or other obligation secured by or payable
            from
            payments on the Certificates.

           

          This
            certifies that [_______________] is the registered owner of the Percentage
            Interest evidenced by this Certificate stated above in certain distributions
            with respect to a Trust Fund, consisting primarily of a pool of one-
            to
            four-family adjustable-rate first lien and fixed rate first and second
            lien
            mortgage loans (the “Mortgage Loans”), formed and sold by Impac Secured Assets
            Corp. (hereinafter called the “Company,” which term includes any successor
            entity under the Agreement referred to below). The Trust Fund was created
            pursuant to a Pooling and Servicing Agreement dated as specified above
            (the
“Agreement”) among the Company, the Master Servicer and Deutsche Bank National
            Trust Company, as trustee (the “Trustee”), a summary of certain of the pertinent
            provisions of which is set forth hereafter. To the extent not defined
            herein,
            the capitalized terms used herein have the meanings assigned in the Agreement.
            This Certificate is issued under and is subject to the terms, provisions
            and
            conditions of the Agreement, to which Agreement the Holder of this Certificate
            by virtue of the acceptance hereof assents and by which such Holder is
            bound.

          
            
              
              

            

            
              B-5-3

              
                

              

            

            
              
              

            

          

           

          This
            Certificate does not have a principal balance or pass-through rate and
            will be
            entitled to distributions only to the Patent set forth in the Agreement.
            In
            addition, any distribution of the proceeds of any remaining assets of
            the Trust
            will be made only upon presentment and surrender of this Certificate
            at the
            office or agency maintained by the Trustee.

           

          This
            Certificate is one of a duly authorized issue of Certificates issued
            in several
            Classes designated as Mortgage Pass-Through Certificates of the Series
            specified
            hereon (herein collectively called the “Certificates”).

           

          As
            provided in the Agreement, withdrawals from the Custodial Account and/or
            the
            Certificate Account created for the benefit of Certificateholders may
            be made by
            the Master Servicer from time to time for purposes other than distributions
            to
            Certificateholders, such purposes including without limitation reimbursement
            to
            the Trustee, the Company and the Master Servicer of advances made, or
            certain
            expenses incurred, by either of them.

           

          No
            transfer of a Certificate of this Class shall be made unless such transfer
            is
            made pursuant to an effective registration statement under the Act and
            any
            applicable state securities laws or is exempt from the registration requirements
            under said Act and such laws. In the event that a transfer is to be made
            in
            reliance upon an exemption from the Act and such laws, in order to assure
            compliance with the Act and such laws, the Certificateholder desiring
            to effect
            such transfer and such Certificateholder's prospective transferee shall
            each
            certify to the Trustee and the Company in writing the facts surrounding
            the
            transfer. In the event that such a transfer is not to be made pursuant
            to Rule
            144A of the Act, there shall be delivered to the Trustee and the Company
            of an
            Opinion of Counsel that such transfer may be made pursuant to an exemption
            from
            the Act, which Opinion of Counsel shall not be obtained at the expense
            of the
            Trustee, the Master Servicer or the Company; or there shall be delivered
            to the
            Trustee and the Company a transferor certificate by the transferor and
            an
            investment letter shall be executed by the transferee. The Holder hereof
            desiring to effect such transfer shall, and does hereby agree to, indemnify
            the
            Trustee and the Company against any liability that may result if the
            transfer is
            not so exempt or is not made in accordance with such federal and state
            laws.

           

          No
            transfer of this Certificate to a Plan subject to ERISA or Section 4975
            of the
            Code, any Person acting, directly or indirectly, on behalf of any such
            Plan or
            any person using Plan Assets to acquire this Certificate shall be made
            except in
            accordance with Section 5.02(c) of the Agreement.

           

          Each
            Holder of this Certificate will be deemed to have agreed to be bound
            by the
            restrictions of the Agreement, including but not limited to the restrictions
            that (i) each person holding or acquiring any Ownership Interest in this
            Certificate must be a Permitted Transferee, (ii) no Ownership Interest,
            in this
            Certificate may be transferred without delivery to the Trustee of (a)
            a transfer
            affidavit of the proposed transferee and (b) a transfer certificate of
            the
            transferor, each of such documents to be in the form described in the
            Agreement,
            (iii) each person holding or acquiring any Ownership Interest in this
            Certificate must agree to require a transfer affidavit and to deliver
            a transfer
            certificate to the Trustee as required pursuant to the Agreement, (iv)
            each
            person holding or acquiring an Ownership Interest in this Certificate
            must agree
            not to transfer an Ownership Interest in this Certificate if it has actual
            knowledge that the proposed transferee is not a Permitted Transferee
            and (v) any
            attempted or purported transfer of any Ownership Interest in this Certificate
            in
            violation of such restrictions will be absolutely null and void and will
            vest no
            rights in the purported transferee. Pursuant to the Agreement, the Trustee
            will
            provide the Internal Revenue Service and any pertinent persons with the
            information needed to compute the tax imposed under the applicable tax
            laws on
            transfers of residual interests to disqualified organizations, if any
            person
            other than a Permitted Transferee acquires an Ownership Interest on a
            Class R
            Certificate in violation of the restrictions mentioned above.

          
            
              
              

            

            
              B-5-4

              
                

              

            

            
              
              

            

          

           

          The
            Agreement permits, with certain exceptions therein provided, the amendment
            of
            the Agreement and the modification of the rights and obligations of the
            Company,
            the Master Servicer and the Trustee and the rights of the Certificateholders
            under the Agreement at any time by the Company, the Master Servicer and
            the
            Trustee with the consent of the Holders of Certificates evidencing in
            the
            aggregate not less than 66-2/3% of the Percentage Interests of each Class
            of
            Certificates affected thereby. Any such consent by the Holder of this
            Certificate shall be conclusive and binding on such Holder and upon all
            future
            holders of this Certificate and of any Certificate issued upon the transfer
            hereof or in exchange herefor or in lieu hereof whether or not notation
            of such
            consent is made upon the Certificate. The Agreement also permits the
            amendment
            thereof in certain circumstances with the consent of the Certificate
            Insurer and
            without the consent of the Holders of any of the Certificates and, in
            certain
            additional circumstances, without the consent of the Holders of certain
            Classes
            of Certificates.

           

          As
            provided in the Agreement and subject to certain limitations therein
            set forth,
            the transfer of this Certificate is registrable in the Certificate Register
            upon
            surrender of this Certificate for registration of transfer at the offices
            or
            agencies appointed by the Trustee, duly endorsed by, or accompanied by
            an,
            assignment in the form below or other written instrument of transfer
            in form
            satisfactory to the Trustee and the Certificate Registrar duly executed
            by the
            Holder hereof or such Holder's attorney duly authorized in writing, and
            thereupon one or more new Certificates of authorized denominations evidencing
            the same Class and aggregate Percentage Interest will be issued to the
            designated transferee or transferees.

           

          The
            Certificates are issuable only as registered Certificates without coupons
            in
            Classes and in denominations specified in the Agreement. As provided
            in the
            Agreement and subject to certain limitations therein set forth, Certificates
            are
            exchangeable for new Certificates of authorized denominations evidencing
            the
            same Class and aggregate Percentage Interest, as requested by the Holder
            surrendering the same.

           

          No
            service charge will be made for any such registration of transfer or
            exchange,
            but the Trustee may require payment of a sum sufficient to cover any
            tax or
            other governmental charge payable in connection therewith.

           

          The
            Company, the Master Servicer and the Trustee and any agent of the Company,
            the
            Master Servicer or the Trustee may treat the Person in whose name this
            Certificate is registered as the owner hereof for all purposes, and neither
            the
            Company, the Master Servicer, the Trustee nor any such agent shall be
            affected
            by notice to the contrary.

          
            
              
              

            

            
              B-5-5

              
                

              

            

            
              
              

            

          

           

          This
            Certificate shall be governed by and construed in accordance with the
            laws of
            the State of New York.

           

          The
            Mortgage Loans are subject to termination in whole, but not in part,
            by the
            Master Servicer, on or after the Distribution Date on which the aggregate
            Stated
            Principal Balance of the Mortgage Loans is less than or equal to 10%
            of the
            aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off
            Date.

           

          Unless
            the certificate of authentication hereon has been executed by the Trustee,
            by
            manual signature, this Certificate shall not be entitled to any benefit
            under
            the Agreement or be valid for any purpose.

           

          

          
            
              
              

            

            
              B-5-6

              
                

              

            

            
              
              

            

          

          IN
            WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
            executed.

           

          
            	
                    Dated:
                      February 22, 2007

                  	
                    DEUTSCHE
                      BANK NATIONAL TRUST COMPANY,

                    as
                      Trustee

                     

                     

                    By:______________________________

                                    
                      Authorized Signatory

                  

          

          

          

           

          

           

          

           

          

           

          CERTIFICATE
            OF AUTHENTICATION

           

          This
            is
            one of the Class R Certificates referred to in the within-mentioned
            Agreement.

           

          
             

            
              	
                       

                    	
                      DEUTSCHE
                        BANK NATIONAL TRUST COMPANY,

                      as
                        Trustee

                       

                       

                      By:______________________________

                                      
                        Authorized Signatory

                    

            

            

              
                
                  
                  

                

                
                  B-5-7

                  
                    

                  

                

                
                  
                  

                

              

          

          

          ASSIGNMENT

           

          FOR
            VALUE
            RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
            

           

          
            

          

        

         

        
          
            

          
 

        (Please
          print or typewrite name and address including postal zip code of
          assignee)

         

        the
          Percentage Interest evidenced by the within Certificate and hereby authorizes
          the transfer of registration of such Percentage Interest to assignee on
          the
          Certificate Register of the Trust.

         

        I
          (We)
          further direct the Trustee to issue a new Certificate of a like denomination
          and
          Class, to the above named assignee and deliver such Certificate to the
          following
          address:

         

          
            

          

        

         

          
            

          

        

         

         

        
           

           

          Dated:

                                                                                                

          Signature
            by or on behalf of assignor

           

                                                                                             

          Signature
            Guaranteed

        

        

        
          
            
              
              

            

            
              B-5-8

              
                

              

            

            
              
              

            

          

        

        

        DISTRIBUTION
          INSTRUCTIONS

         

        The
          assignee should include the following for purposes of distribution:

         

        Distributions
          shall be made, by wire transfer or otherwise, in immediately available
          funds to
          ________________________________________________for the account of ______________
          account
          number ___________, or, if mailed by check, to________________ _____ Applicable
          statements should be mailed to ______________________________________
          ______________________________________________________________________________
          _________.

         

        This
          information is provided by __________________, the assignee named above,
          or
____________________,
          as its
          agent.

         

        

         

        

        
          
            
              
              

            

            
              B-5-9

              
                

              

            

            
              
              

            

          

        

        

        EXHIBIT
          C

         

        FORM
          OF
          TRUSTEE'S INITIAL CERTIFICATION

         

        February
          22, 2007            

         

        Impac
          Secured Assets Corp.

        19500
          Jamboree Road

        Irvine,
          California 92612

         

        Impac
          Funding Corporation

        19500
          Jamboree Road

        Irvine,
          California 92612

         

        
          	 	
                  Re:

                	
                  Pooling
                    and Servicing Agreement, dated as of February 1, 2007, among
                    Impac Secured
                    Assets Corp., Impac Funding Corporation and Deutsche Bank National
                    Trust
                    Company, relating to Mortgage Pass-Through Certificates, Series
                    2007-1

                

        

         

        Ladies
          and Gentlemen:

         

        In
          accordance with Section 2.02 of the above-captioned Pooling and Servicing
          Agreement, the undersigned, as Trustee,
          hereby
          certifies that as to each Mortgage Loan listed in the Mortgage Loan Schedule
          (other than any Mortgage Loan paid in full or listed on the attachment
          hereto)
          it has reviewed the Mortgage File and the Mortgage Loan Schedule and has
          determined that: (i) all documents required to be included in the Mortgage
          File
          are in its possession; (ii) such documents have been reviewed by it and
          appear
          regular on their face and relate to such Mortgage Loan; and (iii) based
          on
          examination by it, and only as to such documents, the information set forth
          in
          items (iii) and (iv) of the definition or description of “Mortgage Loan
          Schedule” is correct.

         

        The
          Trustee has made no independent examination of any documents contained
          in each
          Mortgage File beyond the review specifically required in the above-referenced
          Pooling and Servicing Agreement. The Trustee makes no representation that
          any
          documents specified in clause (vi) of Section 2.01 should be included in
          any
          Mortgage File. The Trustee makes no representations as to and shall not
          be
          responsible to verify: (i) the validity, legality, sufficiency, enforceability,
          due authorization, recordability or genuineness of any of the documents
          contained in each Mortgage File of any of the Mortgage Loans identified
          on the
          Mortgage Loan Schedule, (ii) the collectability, insurability, effectiveness
          or
          suitability of any such Mortgage Loan, or (iii) the existence of any assumption,
          modification, written assurance or substitution agreement with respect
          to any
          Mortgage File if no such documents appear in the Mortgage File delivered
          to the
          Trustee.

         

        

        
          
            
              
              

            

            
              C-1

              
                

              

            

            
              
              

            

          

        

        

        Capitalized
          words and phrases used herein shall have the respective meanings assigned
          to
          them in the above-captioned Pooling and Servicing Agreement.

         

        
          	 	
                  [_______________________________]

                
	 	 
	 	 
	 	
                  By:
                    ________________________________

                
	 	 
	 	
                  Name:

                
	 	 
	 	
                  Title:

                

        

        

         

        

         

        

        
          
            
              
              

            

            
              C-2

              
                

              

            

            
              
              

            

          

        

        

        EXHIBIT
          D

         

        FORM
          OF
          TRUSTEE FINAL CERTIFICATION

         

        ______________,
          20__            

         

        Impac
          Secured Assets Corp.

        19500
          Jamboree Road

        Irvine,
          California 92612

         

        Impac
          Funding Corporation

        19500
          Jamboree Road

        Irvine,
          California 92612

         

        
          	 	
                  Re:

                	
                  Pooling
                    and Servicing Agreement, dated as of February 1, 2007, among
                    Impac
                    

                  Secured
                    Assets Corp., Impac Funding Corporation and Deutsche Bank National
                    

                  Trust
                    Company, relating to Mortgage Pass-Through
                    Certificates, Series 2007-1

                

        

         

        Ladies
          and Gentlemen:

         

        In
          accordance with Section 2.02 of the above-captioned Pooling and Servicing
          Agreement, the undersigned, as Trustee, hereby certifies that as to each
          Mortgage Loan listed in the Mortgage Loan Schedule (other than any Mortgage
          Loan
          paid in full or listed on the attachment hereto) it has received the documents
          set forth in Section 2.01.

         

        The
          Trustee has made no independent examination of any documents contained
          in each
          Mortgage File beyond the review specifically required in the above-referenced
          Pooling and Servicing Agreement. The Trustee makes no representation that
          any
          documents specified in clause (vi) of Section 2.01 should be included in
          any
          Mortgage File. The Trustee makes no representations as to and shall not
          be
          responsible to verify: (i) the validity, legality, sufficiency, enforceability,
          due authorization, recordability or genuineness of any of the documents
          contained in each Mortgage File of any of the Mortgage Loans identified
          on the
          Mortgage Loan Schedule, (ii) the collectability, insurability, effectiveness
          or
          suitability of any such Mortgage Loan or (iii) the existence of any assumption,
          modification, written assurance or substitution agreement with respect
          to any
          Mortgage File if no such documents appear in the Mortgage File delivered
          to the
          Trustee.

         

        

        
          
            
              
              

            

            
              D-1

              
                

              

            

            
              
              

            

          

        

        

        Capitalized
          words and phrases used herein shall have the respective meanings assigned
          to
          them in the above-captioned Pooling and Servicing Agreement.

         

        
          	 	
                  [_________________________]

                
	 	 
	 	 
	 	
                  By: ________________________________

                
	 	 
	 	
                  Name:

                
	 	 
	 	
                  Title:

                

        

        

         

        

         

        

        
          
            
              
              

            

            
              D-2

              
                

              

            

            
              
              

            

          

        

        

        EXHIBIT
          E

         

        FORM
          OF
          REMITTANCE REPORT

         

         

         

        (Provided
          Upon Request)

         

        

         

        

        
          
            
              
              

            

            
              E-1

              
                

              

            

            
              
              

            

          

        

        

        EXHIBIT
          F-1

         

        REQUEST
          FOR RELEASE

         

         

        (for
          Trustee)

         

        
          	
                  Loan
                    Information

                	 	 
	 	
                  Name
                    of Mortgagor:

                	
                  ___________________________

                
	 	 	 
	 	
                  Master
                    Servicer

                	 
	 	 	 
	 	
                  Loan
                    No.:

                	
                  ___________________________

                
	 	 	 
	
                  Trustee

                	 	 
	 	 	 
	 	
                  Name:

                	
                  ___________________________

                
	 	 	 
	 	
                  Address:

                	
                  ___________________________

                
	 	 	 
	 	 	
                  ___________________________

                
	 	 	 
	 	
                  Trustee

                	 
	 	 	 
	 	
                  Mortgage
                    File No.:

                	
                  ___________________________

                

        

        

        
          
            
              
              

            

            
              F-1-1

              
                

              

            

            
              
              

            

          

        

        

        Request
          for Requesting Documents (check one):

         

        
          	
                  1.

                	
                  Mortgage
                    Loan Liquidated.

                

        

         

        (The
          Master Servicer hereby certifies that all proceeds of foreclosure, insurance
          or
          other liquidation have been finally received and deposited into the Custodial
          Account to the extent required pursuant to the Pooling and Servicing
          Agreement.)

         

        
          	
                  2.

                	
                  Mortgage
                    Loan in Foreclosure.

                

        

         

        
          	
                  3.

                	
                  Mortgage
                    Loan Repurchased Pursuant to Section 9.01 of the Pooling and
                    Servicing
                    Agreement.

                

        

         

        
          	
                  4.

                	
                  Mortgage
                    Loan Repurchased Pursuant to Article II of the Pooling and Servicing
                    Agreement.

                

        

         

        (The
          Master Servicer hereby certifies that the repurchase price has been deposited
          into the Custodial Account pursuant to the Pooling and Servicing
          Agreement.)

         

        
          	
                  5.

                	
                  Other
                    (explain).

                

        

         

        
          	
                  _________________________________________________________________________

                
	
                  _________________________________________________________________________

                
	
                  _________________________________________________________________________

                
	
                  _________________________________________________________________________

                
	
                  _________________________________________________________________________

                
	
                  _________________________________________________________________________

                
	 

        

        

        

        

        
          
            
              
              

            

            
              F-1-2

              
                

              

            

            
              
              

            

          

        

        

        The
          undersigned Master Servicer hereby acknowledges that it has received from
          the
          Trustee for the Holders of Mortgage Pass-Through Certificates, Series 2007-1,
          the documents referred to below (the “Documents”). All capitalized terms not
          otherwise defined in this Request for Release shall have the meanings given
          them
          in the Pooling and Servicing Agreement, dated as of February 1, 2007 (the
          “Pooling and Servicing Agreement”), among Impac Secured Assets Corp., Impac
          Funding Corporation and the Trustee.

         

        
          	
                  (
                    )

                	
                  Promissory
                    Note dated _________________, 200_, in the original principal
                    sum of
                    $__________, made by __________________, payable to, or endorsed
                    to the
                    order of, the Trustee.

                

        

         

        
          	
                  (
                    )

                	
                  Mortgage
                    recorded on _________________________ as instrument no. ___________
                    in the
                    County Recorders Office of the County of ______________________,
                    State of
                    _____________________ in book/reel/docket of official records
                    at
                    page/image _______________.

                

        

         

        
          	
                  (
                    )

                	
                  Deed
                    of Trust recorded on ____________________ as instrument no._____________
                    in the County Recorder's Office of the County of ______________________,
                    State of _____________________in book/reel/docket __________________
                    of
                    official records at page/image
                    ________________.

                

        

         

        
          	
                  (
                    )

                	
                  Assignment
                    of Mortgage or Deed of Trust to the Trustee, recorded on _______________
                    as instrument no. ______________ in the County Recorder's Office
                    of the
                    County of ________________, State of ___________________ in
                    book/reel/docket ____________ of official records at page/image
                    ___________.

                

        

         

        
          	
                  (
                    )

                	
                  Other
                    documents, including any amendments, assignments or other assumptions
                    of
                    the Mortgage Note or Mortgage.

                

        

         

        
          	 	
                  (
                    )

                	
                  ___________________________

                

        

         

        
          	 	
                  (
                    )

                	
                  ___________________________

                

        

         

        
          	 	
                  (
                    )

                	
                  ___________________________

                

        

         

        
          	 	
                  (
                    )

                	
                  ___________________________

                

        

         

        

        
          
            
              
              

            

            
              F-1-3

              
                

              

            

            
              
              

            

          

        

        

        The
          undersigned Master Servicer hereby acknowledges and agrees as
          follows:

         

        (1) The
          Master Servicer shall hold and retain possession of the Documents in trust
          for
          the benefit of the Trustee, solely for the purposes provided in the
          Agreement.

         

        (2) The
          Master Servicer shall not cause or knowingly permit the Documents to become
          subject to, or encumbered by, any claim, liens, security interest, charges,
          writs of attachment or other impositions nor shall the Master Servicer
          assert or
          seek to assert any claims or rights of setoff to or against the Documents
          or any
          proceeds thereof.

         

        (3) The
          Master Servicer shall return each and every Document previously requested
          from
          the Mortgage File to the Trustee when the need therefor no longer exists,
          unless
          the Mortgage Loan relating to the Documents has been liquidated and the
          proceeds
          thereof have been remitted to the Custodial Account and except as expressly
          provided in the Agreement.

         

        (4) The
          Documents and any proceeds thereof, including any proceeds of proceeds,
          coming
          into the possession or control of the Master Servicer shall at all times
          be
          earmarked for the account of the Trustee, and the Master Servicer shall
          keep the
          Documents and any proceeds separate and distinct from all other property
          in the
          Master Servicer's possession, custody or control.

         

        
          	 	
                  IMPAC
                    FUNDING CORPORATION

                
	 	 
	 	 
	 	
                  By:
                    ___________________________

                   

                  Title:
                    ___________________________

                

        

        Date:
          _________________, 200_

         

        

         

        

        
          
            
              
              

            

            
              F-1-4

              
                

              

            

            
              
              

            

          

        

        

        EXHIBIT
          F-2

         

        REQUEST
          FOR RELEASE

         

        [Mortgage
          Loans Paid in Full]

         

         

        OFFICER’S
          CERTIFICATE AND TRUST RECEIPT

         

        MORTGAGE
          PASS-THROUGH CERTIFICATES

         

        SERIES
          2007-1

         

        _____________________________________
          HEREBY CERTIFIES THAT HE/SHE IS AN OFFICER OF THE MASTER SERVICER, HOLDING
          THE
          OFFICE SET FORTH BENEATH HIS/HER SIGNATURE, AND HEREBY FURTHER CERTIFIES
          AS
          FOLLOWS:

         

        WITH
          RESPECT TO THE MORTGAGE LOANS, AS THE TERM IS DEFINED IN THE POOLING AND
          SERVICING AGREEMENT DESCRIBED IN THE ATTACHED SCHEDULE:

         

        ALL
          PAYMENTS OF PRINCIPAL, PREMIUM (IF ANY), AND INTEREST HAVE BEEN
          MADE.

         

         

         

        
          	
                  LOAN
                    NUMBER: _____________________

                	
                  BORROWER'S
                    NAME: ________________

                
	 	 
	
                  COUNTY:
                    ___________________________

                	 

        

        

        

        
          
            
              
              

            

            
              F-2-1

              
                

              

            

            
              
              

            

          

        

        

        WE
          HEREBY
          CERTIFY THAT ALL AMOUNTS RECEIVED IN CONNECTION WITH SUCH PAYMENTS, WHICH
          ARE
          REQUIRED TO BE DEPOSITED IN THE CUSTODIAL ACCOUNT PURSUANT TO SECTION 3.10
          OF
          THE POOLING AND SERVICING AGREEMENT, HAVE BEEN OR WILL BE CREDITED.

         

        
          	
                  _________
                    ____________

                	
                  DATED:
                    _____________________

                

        

        

        //    VICE
          PRESIDENT

         

        

        //    ASSISTANT
          VICE PRESIDENT

         

        

         

        

        
          
            
              
              

            

            
              F-2-2

              
                

              

            

            
              
              

            

          

        

        

        EXHIBIT
          G-1

         

        FORM
          OF
INVESTOR
          REPRESENTATION LETTER

         

        ___________,
          200__            

         

        Impac
          Secured Assets Corp.

        19500
          Jamboree Road

        Irvine,
          California 92612

         

        DB
          Services Tennessee

        648
          Grassmere Park Rd.

        Nashville,
          TN 37211

        Attn:
          Transfer Unit

        

        
          	 	
                  Re:

                	
                  Impac
                    Secured Assets Corp.

                

        

        Mortgage
          Pass-Through Certificates Series 2007-1, Class [_] Certificates

        

        Ladies
          and Gentlemen:

         

        ______________
          (the “Purchaser”) intends to purchase from ______________ (the “Seller”)
          $_________ Initial Certificate Principal Balance of Mortgage Pass-Through
          Certificates, Series 2007-1, Class _____ (the “Certificates”), issued pursuant
          to the Pooling and Servicing Agreement, dated as of February 1, 2007 (the
          “Pooling and Servicing Agreement”), among Impac Secured Assets Corp., as
          depositor (the “Company”), Impac Funding Corporation, as master servicer, and
          Deutsche Bank National Trust Company, as trustee (the “Trustee”). All terms used
          herein and not otherwise defined shall have the meanings set forth in the
          Pooling and Servicing Agreement. The Purchaser hereby certifies, represents
          and
          warrants to, and covenants with, the Company and the Trustee that:

         

        1. The
          Purchaser understands that (a) the Certificates have not been and will
          not be
          registered or qualified under the Securities Act of 1933, as amended (the
“Act”)
          or any state securities law, (b) the Company is not required to so register
          or
          qualify the Certificates, (c) the Certificates may be resold only if registered
          and qualified pursuant to the provisions of the Act or any state securities
          law,
          or if an exemption from such registration and qualification is available,
          (d)
          the Pooling and Servicing Agreement contains restrictions regarding the
          transfer
          of the Certificates and (e) the Certificates will bear a legend to the
          foregoing
          effect.

         

        

        
          
            
              
              

            

            
              G-1-1

              
                

              

            

            
              
              

            

          

        

        

        2. The
          Purchaser is acquiring the Certificates for its own account for investment
          only
          and not with a view to or for sale in connection with any distribution
          thereof
          in any manner that would violate the Act or any applicable state securities
          laws.

         

        3. The
          Purchaser is (a) a substantial, sophisticated institutional investor having
          such
          knowledge and experience in financial and business matters, and, in particular,
          in such matters related to securities similar to the Certificates, such
          that it
          is capable of evaluating the merits and risks of investment in the Certificates,
          (b) able to bear the economic risks of such an investment and (c) an “accredited
          investor” within the meaning of Rule 501(a) (1)-(3) and (7) of Regulation D
          promulgated pursuant to the Act.

         

        4. The
          Purchaser has been furnished with, and has had an opportunity to review
          (a) a
          copy of the Pooling and Servicing Agreement and (b) such other information
          concerning the Certificates, the Mortgage Loans and the Company as has
          been
          requested by the Purchaser from the Company or the Seller and is relevant
          to the
          Purchaser's decision to purchase the Certificates. The Purchaser has had
          any
          questions arising from such review answered by the Company or the Seller
          to the
          satisfaction of the Purchaser.

         

        5. The
          Purchaser has not and will not nor has it authorized or will it authorize
          any
          person to (a) offer, pledge, sell, dispose of or otherwise transfer any
          Certificate, any interest in any Certificate or any other similar security
          to
          any person in any manner, (b) solicit any offer to buy or to accept a pledge,
          disposition of other transfer of any Certificate, any interest in any
          Certificate or any other similar security from any person in any manner,
          (c)
          otherwise approach or negotiate with respect to any Certificate, any interest
          in
          any Certificate or any other similar security with any person in any manner,
          (d)
          make any general solicitation by means of general advertising or in any
          other
          manner or (e) take any other action, that (as to any of (a) through (e)
          above)
          would constitute a distribution of any Certificate under the Act, that
          would
          render the disposition of any Certificate a violation of Section 5 of the
          Act or
          any state securities law, or that would require registration or qualification
          pursuant thereto. The Purchaser will not sell or otherwise transfer any
          of the
          Certificates, except in compliance with the provisions of the Pooling and
          Servicing Agreement.

         

        
          	 	
                  Very
                    truly yours,

                   

                  _________________________

                  (Purchaser)

                
	 	 
	 	
                  By:
                    _______________________

                   

                  Name:
                    _____________________

                   

                  Title:
                    ______________________

                

        

        

        

        
          
            
              
              

            

            
              G-1-2

              
                

              

            

            
              
              

            

          

        

        

        EXHIBIT
          G-2

         

        FORM
          OF
          TRANSFEROR REPRESENTATION LETTER

         

        ______________,
          200___            

         

        Impac
          Secured Assets Corp.

        19500
          Jamboree Road

        Irvine,
          California 92612

         

        DB
          Services Tennessee

        648
          Grassmere Park Rd.

        Nashville,
          TN 37211

        Attn:
          Transfer Unit

        

        
          	 	
                  Re:

                	
                  Impac
                    Secured Assets Corp.

                

        

        Mortgage
          Pass-Through Certificates, Series 2007-1, Class [_]
          Certificates

        

        Ladies
          and Gentlemen:

         

        In
          connection with the sale by ___________ (the “Seller”) to ________ (the
“Purchaser”) of $_________ Initial Certificate Principal Balance of Mortgage
          Pass-Through Certificates, Series 2007-1, Class _____ (the “Certificates”),
          issued pursuant to the Pooling and Servicing Agreement, dated as of February
          1,
          2007 (the “Pooling and Servicing Agreement”), among Impac Secured Assets Corp.,
          as depositor (the “Company”), Impac Funding Corporation, as master servicer, and
          Deutsche Bank National Trust Company, as trustee (the “Trustee”). The Seller
          hereby certifies, represents and warrants to, and covenants with, the Company
          and the Trustee that:

         

        Neither
          the Seller nor anyone acting on its behalf has (a) offered, pledged, sold,
          disposed of or otherwise transferred any Certificate, any interest in any
          Certificate or any other similar security to any person in any manner,
          (b) has
          solicited any offer to buy or to accept a pledge, disposition or other
          transfer
          of any Certificate, any interest in any Certificate or any other similar
          security from any person in any manner, (c) has otherwise approached or
          negotiated with respect to any Certificate, any interest in any Certificate
          or
          any other similar security with any person in any manner, (d) has made
          any
          general solicitation by means of general advertising or in any other manner,
          or
          (e) has taken any other action, that (as to any of (a) through (e) above)
          would
          constitute a distribution of the Certificates under the Securities Act
          of 1933
          (the “Act”), that would render the disposition of any Certificate a violation of
          Section 5 of the Act or any state securities law, or that would require
          registration or qualification pursuant thereto. The Seller will not act
          in any
          manner set forth in the foregoing sentence with respect to any Certificate.
          The
          Seller has not and will not sell or otherwise transfer any of the Certificates,
          except in compliance with the provisions of the Pooling and Servicing
          Agreement.

        
          
            
            

          

          
            G-2-1

            
              

            

          

          
            
            

          

        

         

        
           

          
            	 	
                    Very
                      truly yours,

                     

                    _________________________

                    (Seller)

                  
	 	 
	 	
                    By:
                      _______________________

                     

                    Name:
                      _____________________

                     

                    Title:
                      ______________________

                  

          

          

        

         

        

         

        

        
          
            
              
              

            

            
              G-2-2

              
                

              

            

            
              
              

            

          

        

        

        EXHIBIT
          G-3

         

        FORM
          OF
          RULE 144A INVESTMENT REPRESENTATION

         

         

        Description
          of Rule 144A Securities, including numbers:

         

        Impac
          Secured Assets Corp.

         

        Mortgage
          Pass-Through Certificates

         

        Series
          2007-1, Class ____, No. ____

         

        The
          undersigned seller, as registered holder (the “Transferor”), intends to transfer
          the Rule 144A Securities described above to the undersigned buyer (the
          “Buyer”).

         

        1.
          In
          connection with such transfer and in accordance with the agreements pursuant
          to
          which the Rule 144A Securities were issued, the Transferor hereby certifies
          the
          following facts: Neither the Transferor nor anyone acting on its behalf
          has
          offered, transferred, pledged, sold or otherwise disposed of the Rule 144A
          Securities, any interest in the Rule 144A Securities or any other similar
          security to, or solicited any offer to buy or accept a transfer, pledge
          or other
          disposition of the Rule 144A Securities, or otherwise approached or negotiated
          with respect to the Rule 144A Securities, any interest in the Rule 144A
          Securities or any other similar security with, any person in any manner,
          or made
          any general solicitation by means of general advertising or in any other
          manner,
          or taken any other action, which would constitute a distribution of the
          Rule
          144A Securities under the Securities Act of 1933, as amended (the “1933 Act”),
          or which would render the disposition of the Rule 144A Securities a violation
          of
          Section 5 of the 1933 Act or require registration pursuant thereto, and
          that the
          Transferor has not offered the Rule 144A Securities to any person other
          than the
          Buyer or another “qualified institutional buyer” as defined in Rule 144A under
          the 1933 Act.

         

        2.
          The
          Buyer warrants and represents to, and covenants with, the Transferor, the
          Trustee, the Master Servicer and the Depositor pursuant to Section 5.02
          of the
          Pooling and Servicing Agreement, dated as of February 1, 2007 (the “Pooling and
          Servicing Agreement”), among Impac Secured Assets Corp., as depositor (the
“Depositor”), Impac Funding Corporation, as master servicer (the “Master
          Servicer”) and Deutsche Bank National Trust Company, as trustee (the “Trustee”),
          as follows:

         

        a.
          The
          Buyer understands that the Rule 144A Securities have not been registered
          under
          the 1933 Act or the securities laws of any state.

         

        b.
          The
          Buyer considers itself a substantial, sophisticated institutional investor
          having such knowledge and experience in financial and business matters
          that it
          is capable of evaluating the merits and risks of investment in the Rule
          144A
          Securities.

        
          
            
            

          

          
            G-3-1

            
              

            

          

          
            
            

          

        

         

        c.
          The
          Buyer has been furnished with all information regarding the Rule 144A Securities
          that it has requested from the Transferor, the Trustee or the Master
          Servicer.

         

        d.
          Neither the Buyer nor anyone acting on its behalf has offered, transferred,
          pledged, sold or otherwise disposed of the Rule 144A Securities, any interest
          in
          the Rule 144A Securities or any other similar security to, or solicited
          any
          offer to buy or accept a transfer, pledge or other disposition of the Rule
          144A
          Securities, any interest in the Rule 144A Securities or any other similar
          security from, or otherwise approached or negotiated with respect to the
          Rule
          144A Securities, any interest in the Rule 144A Securities or any other
          similar
          security with, any person in any manner, or made any general solicitation
          by
          means of general advertising or in any other manner, or taken any other
          action,
          that would constitute a distribution of the Rule 144A Securities under
          the 1933
          Act or that would render the disposition of the Rule 144A Securities a
          violation
          of Section 5 of the 1933 Act or require registration pursuant thereto,
          nor will
          it act, nor has it authorized or will it authorize any person to act, in
          such
          manner with respect to the Rule 144A Securities.

         

        e.
          The
          Buyer is a “qualified institutional buyer” as that term is defined in Rule 144
          under the 1933 Act and has completed either of the forms of certification
          to
          that effect attached hereto as Annex 1 or Annex 2. The Buyer is aware that
          the
          sale to it is being made in reliance on Rule 144A. The Buyer is acquiring
          the
          Rule 144A Securities for its own account or the account of other qualified
          institutional buyers, understands that such Rule 144 Securities may be
          resold,
          pledged or transferred only (i) to a person reasonably believed to be a
          qualified institutional buyer that purchases for its own account or for
          the
          account of a qualified institutional buyer to whom notice is given that
          the
          resale, pledge or transfer is being made in reliance on Rule 144A, or (ii)
          pursuant to another exemption from registration under the 1933 Act.

         

        3.
          The
          Buyer warrants and represents to, and covenants with, the Transferor, the
          Master
          Servicer and the Depositor that either (1) the Buyer is not an employee
          benefit
          plan within the meaning of Section 3(3) of the Employee Retirement Income
          Security Act of 1974, as amended (“ERISA”) (“Plan”), or a plan within the
          meaning of Section 4975(e)(1) of the Internal Revenue Code of 1986 (the
“Code”)
          (also a “Plan”), and the Buyer is not directly or indirectly purchasing the Rule
          144A Securities on behalf of, as investment manager of, as named fiduciary
          of,
          as trustee of, or with assets of a Plan, or (2) the Buyer has provided
          the
          Trustee with the opinion letter required by section 5.02(c) of the Pooling
          and
          Servicing Agreement.

         

        4.
          This
          document may be executed in one or more counterparts and by the different
          parties hereto on separate counterparts, each of which, when so executed,
          shall
          be deemed to be an original; such counterparts, together, shall constitute
          one
          and the same document.

         

        

        

        
          
            
              
              

            

            
              G-3-2

              
                

              

            

            
              
              

            

          

        

        

        IN
          WITNESS WHEREOF, each of the parties has executed this document as of the
          date
          set forth below.

         

        

        
          	
                  ________________________________

                  Print
                    Name of Transferor

                	
                  ________________________________

                  Print
                    Name of Buyer

                
	 	 
	 	 
	 	 
	
                  By:
                    ________________________________

                   

                  Name:

                   

                  Title:

                	
                  By:
                    ________________________________

                   

                  Name:

                   

                  Title:

                
	 	 
	 	 
	
                  Taxpayer
                    Identification:

                   

                  No.
                    ________________________________

                   

                  Date:
                    _______________________________

                	
                  Taxpayer
                    Identification:

                   

                  No.
                    ________________________________

                   

                  Date:________________________________

                

        

        

        

         

        

        
          
            
              
              

            

            
              G-3-3

              
                

              

            

            
              
              

            

          

        

        

         

        ANNEX
          1 TO EXHIBIT G-3

         

        QUALIFIED
          INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

         

         

        [For
          Buyers Other Than Registered Investment Companies]

        

         

        The
          undersigned hereby certifies as follows in connection with the Rule 144A
          Investment Representation to which this Certification is attached:

         

        1.
          As
          indicated below, the undersigned is the President, Chief Financial Officer,
          Senior Vice President or other executive officer of the Buyer.

         

        2.
          In
          connection with purchases by the Buyer, the Buyer is a “qualified institutional
          buyer” as that term is defined in Rule 144A under the Securities Act of 1933
          (“Rule 144A”) because (i) the Buyer owned and/or invested on a discretionary
          basis $____________________1
          in
          securities (except for the excluded securities referred to below) as of
          the end
          of the Buyer's most recent fiscal year (such amount being calculated in
          accordance with Rule 144A) and (ii) the Buyer satisfies the criteria in
          the
          category marked below.

         

        
          	
                  ____

                	
                  Corporation,
                    etc.
                    The Buyer is a corporation (other than a bank, savings and loan
                    association or similar institution), Massachusetts or similar
                    business
                    trust, partnership, or charitable organization described in Section
                    501(c)(3) of the Internal Revenue
                    Code.

                

        

         

        
          	
                  ____

                	
                  Bank.
                    The Buyer (a) is a national bank or banking institution organized
                    under
                    the laws of any State, territory or the District of Columbia,
                    the business
                    of which is substantially confined to banking and is supervised
                    by the
                    State or territorial banking commission or similar official or
                    is a
                    foreign bank or equivalent institution, and (b) has an audited
                    net worth
                    of at least $25,000,000 as demonstrated in its latest annual
                    financial
                    statement, a copy of which is attached
                    hereto.

                

        

         

        
          	
                  ____

                	
                  Savings
                    and Loan.
                    The Buyer (a) is a savings and loan association, building and
                    loan
                    association, cooperative bank, homestead association or similar
                    institution, which is supervised and examined by a State or Federal
                    authority having supervision over any such institutions or is
                    a foreign
                    savings and loan association or equivalent institution and (b)
                    has an
                    audited net worth of at least $25,000,000 as demonstrated in
                    its latest
                    annual financial statements.

                

        

        _________________________

        
          	
                  1

                	
                  Buyer
                    must own and/or invest on a discretionary basis at least $100,000,000
                    in
                    securities unless Buyer is a dealer, and, in that case, Buyer
                    must own
                    and/or invest on a discretionary basis at least $10,000,000 in
                    securities.

                

        

         

        
          
            
            

          

          
            G-3-4

            
              

            

          

          
            
            

          

        

         

        
          	
                  ____

                	
                  Broker-dealer.
                    The Buyer is a dealer registered pursuant to Section 15 of the
                    Securities
                    Exchange Act of 1934.

                

        

         

        
          	
                  ____

                	
                  Insurance
                    Company.
                    The Buyer is an insurance company whose primary and predominant
                    business
                    activity is the writing of insurance or the reinsuring of risks
                    underwritten by insurance companies and which is subject to supervision
                    by
                    the insurance commissioner or a similar official or agency of
                    a State,
                    territory or the District of
                    Columbia.

                

        

         

        
          	
                  ____

                	
                  State
                    or Local Plan.
                    The Buyer is a plan established and maintained by a State, its
                    political
                    subdivisions, or any agency or instrumentality of the State or
                    its
                    political subdivisions, for the benefit of its
                    employees.

                

        

         

        
          	
                  ____

                	
                  ERISA
                    Plan.
                    The Buyer is an employee benefit plan within the meaning of Title
                    I of the
                    Employee Retirement Income Security Act of
                    1974.

                

        

         

        
          	
                  ____

                	
                  Investment
                    Adviser.
                    The Buyer is an investment adviser registered under the Investment
                    Advisers Act of 1940.

                

        

         

        
          	
                  ____

                	
                  SBIC.
                    The Buyer is a Small Business Investment Company licensed by
                    the U.S.
                    Small Business Administration under Section 301(c) or (d) of
                    the Small
                    Business Investment Act of 1958.

                

        

         

        
          	
                  ____

                	
                  Business
                    Development Company.
                    The Buyer is a business development company as defined in Section
                    202(a)(22) of the Investment Advisers Act of
                    1940.

                

        

         

        
          	
                  ____

                	
                  Trust
                    Fund.
                    The Buyer is a trust fund whose trustee is a bank or trust company
                    and
                    whose participants are exclusively (a) plans established and
                    maintained by
                    a State, its political subdivisions, or any agency or instrumentality
                    of
                    the State or its political subdivisions, for the benefit of its
                    employees,
                    or (b) employee benefit plans within the meaning of Title I of
                    the
                    Employee Retirement Income Security Act of 1974, but is not a
                    trust fund
                    that includes as participants individual retirement accounts
                    or H.R. 10
                    plans.

                

        

         

        3.
          The
          term “securities”
as
          used
          herein does
          not include
          (i)
          securities of issuers that are affiliated with the Buyer, (ii) securities
          that
          are part of an unsold allotment to or subscription by the Buyer, if the
          Buyer is
          a dealer, (iii) bank deposit notes and certificates of deposit, (iv) loan
          participations, (v) repurchase agreements, (vi) securities owned but subject
          to
          a repurchase agreement and (vii) currency, interest rate and commodity
          swaps.

         

        4.
          For
          purposes of determining the aggregate amount of securities owned and/or
          invested
          on a discretionary basis by the Buyer, the Buyer used the cost of such
          securities to the Buyer and did not include any of the securities referred
          to in
          the preceding paragraph. Further, in determining such aggregate amount,
          the
          Buyer may have included securities owned by subsidiaries of the Buyer,
          but only
          if such subsidiaries are consolidated with the Buyer in its financial statements
          prepared in accordance with generally accepted accounting principles and
          if the
          investments of such subsidiaries are managed under the Buyer's direction.
          However, such securities were not included if the Buyer is a majority-owned,
          consolidated subsidiary of another enterprise and the Buyer is not itself
          a
          reporting company under the Securities Exchange Act of 1934.

        
          
            
            

          

          
            G-3-5

            
              

            

          

          
            
            

          

        

         

        5.
          The
          Buyer acknowledges that it is familiar with Rule 144A and understands that
          the
          seller to it and other parties related to the Certificates are relying
          and will
          continue to rely on the statements made herein because one or more sales
          to the
          Buyer may be in reliance on Rule 144A.

         

        
          	
                  ___

                	
                  ___

                	 	
                  Will
                    the Buyer be purchasing the Rule 144A

                
	
                  Yes

                	
                  No

                	 	
                  Securities
                    only for the Buyer's own account?

                

        

         

        6.
          If the
          answer to the foregoing question is “no”, the Buyer agrees that, in connection
          with any purchase of securities sold to the Buyer for the account of a
          third
          party (including any separate account) in reliance on Rule 144A, the Buyer
          will
          only purchase for the account of a third party that at the time is a “qualified
          institutional buyer” within the meaning of Rule 144A. In addition, the Buyer
          agrees that the Buyer will not purchase securities for a third party unless
          the
          Buyer has obtained a current representation letter from such third party
          or
          taken other appropriate steps contemplated by Rule 144A to conclude that
          such
          third party independently meets the definition of “qualified institutional
          buyer” set forth in Rule 144A.

         

        7.
          The
          Buyer will notify each of the parties to which this certification is made
          of any
          changes in the information and conclusions herein. Until such notice is
          given,
          the Buyer's purchase of Rule 144A Securities will constitute a reaffirmation
          of
          this certification as of the date of such purchase.

         

        

        
          	 	
                  ________________________________

                  Print
                    Name of Buyer

                
	 	
                  By:
                    ________________________________

                  Name:

                  Title:

                   

                  Date:
                    ________________________________

                

        

         

        
          
            
            

          

          
            G-3-6

            
              

            

          

          
            
            

          

        

        ANNEX
          2 TO EXHIBIT G-3

         

        QUALIFIED
          INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

         

         

        [For
          Buyers That Are Registered Investment Companies]

         

        The
          undersigned hereby certifies as follows in connection with the Rule 144A
          Investment Representation to which this Certification is attached:

         

        1. As
          indicated below, the undersigned is the President, Chief Financial Officer
          or
          Senior Vice President of the Buyer or, if the Buyer is a “qualified
          institutional buyer” as that term is defined in Rule 144A under the Securities
          Act of 1933 (“Rule 144A”) because Buyer is part of a Family of Investment
          Companies (as defined below), is such an officer of the Adviser.

         

        2. In
          connection with purchases by Buyer, the Buyer is a “qualified institutional
          buyer” as defined in SEC Rule 144A because (i) the Buyer is an investment
          company registered under the Investment Company Act of 1940, and (ii) as
          marked
          below, the Buyer alone, or the Buyer's Family of Investment Companies,
          owned at
          least $100,000,000 in securities (other than the excluded securities referred
          to
          below) as of the end of the Buyer's most recent fiscal year. For purposes
          of
          determining the amount of securities owned by the Buyer or the Buyer's
          Family of
          Investment Companies, the cost of such securities was used.

         

        
          	
                  ____

                	
                  The
                    Buyer owned $_______________ in securities (other than the excluded
                    securities referred to below) as of the end of the Buyer's most
                    recent
                    fiscal year (such amount being calculated in accordance with
                    Rule
                    144A).

                

        

         

        
          	
                  ____

                	
                  The
                    Buyer is part of a Family of Investment Companies which owned
                    in the
                    aggregate $____________ in securities (other than the excluded
                    securities
                    referred to below) as of the end of the Buyer's most recent fiscal
                    year
                    (such amount being calculated in accordance with Rule
                    144A).

                

        

         

        3. The
          term
“Family
          of Investment Companies”
as
          used
          herein means two or more registered investment companies (or series thereof)
          that have the same investment adviser or investment advisers that are affiliated
          (by virtue of being majority owned subsidiaries of the same parent or because
          one investment adviser is a majority owned subsidiary of the
          other).

         

        4. The
          term
“securities”
as
          used
          herein does not include (i) securities of issuers that are affiliated with
          the
          Buyer or are part of the Buyer's Family of Investment Companies, (ii) bank
          deposit notes and certificates of deposit, (iii) loan participations, (iv)
          repurchase agreements, (v) securities owned but subject to a repurchase
          agreement and (vi) currency, interest rate and commodity swaps.

        
          
            
            

          

          
            G-3-7

            
              

            

          

          
            
            

          

        

         

        5. The
          Buyer
          is familiar with Rule 144A and understands that each of the parties to
          which
          this certification is made are relying and will continue to rely on the
          statements made herein because one or more sales to the Buyer will be in
          reliance on Rule 144A. In addition, the Buyer will only purchase for the
          Buyer's
          own account.

         

        6. The
          undersigned will notify each of the parties to which this certification
          is made
          of any changes in the information and conclusions herein. Until such notice,
          the
          Buyer's purchase of Rule 144A Securities will constitute a reaffirmation
          of this
          certification by the undersigned as of the date of such purchase.

         

        
          	 	
                  ________________________________

                  Print
                    Name of Buyer

                
	 	 
	 	
                  By:
                    ________________________________

                  Name:

                  Title:

                
	 	 
	 	 
	 	
                  IF
                    AN ADVISER:

                
	 	 
	 	
                  ________________________________

                  Print
                    Name of Buyer

                
	 	 
	 	 
	 	
                  Date:
                    ________________________________

                

        

        

        

         

        

        
          
            
              
              

            

            
              G-3-8

              
                

              

            

            
              
              

            

          

        

        

        EXHIBIT
          G-4

         

        FORM
          OF
          TRANSFEROR CERTIFICATE

         

        ______________,
          200__            

         

        Impac
          Secured Assets Corp.

        19500
          Jamboree Road

        Irvine,
          California 92612

         

        DB
          Services Tennessee

        648
          Grassmere Park Rd.

        Nashville,
          TN 37211

        Attn:
          Transfer Unit

        

        
          	 	
                  Re:

                	
                  Impac
                    Secured Assets Corp.

                

        

        Mortgage
          Pass-Through Certificates Series 2007-1, Class R Certificates

         

        Ladies
          and Gentlemen:

         

        This
          letter is delivered to you in connection with the sale by ____________
          (the
“Seller”) to _______________ (the “Purchaser”) of a ____% Percentage Interest in
          the Mortgage Pass-Through Certificates, Series 2007-1, Class R Certificates
          (the
“Certificates”), issued pursuant to Section 5.02 of the Pooling and Servicing
          Agreement, dated as of February 1, 2007 (the “Pooling and Servicing Agreement”),
          among Impac Secured Assets Corp., as depositor (the “Company”), Impac Funding
          Corporation, as master servicer (the “Master Servicer”), and Deutsche Bank
          National Trust Company, as trustee (the “Trustee”). All terms used herein and
          not otherwise defined shall have the meaning set forth in the Pooling and
          Servicing Agreement. The Seller hereby certifies, represents and warrants
          to,
          and covenants with, the Company and the Trustee that:

         

        1. No
          purpose of the Seller relating to the sale of the Certificates by the Seller
          to
          the Purchaser is or will be to impede the assessment or collection of any
          tax.

         

        2. The
          Seller understands that the Purchaser has delivered to the Trustee and
          the
          Company a transfer affidavit and agreement in the form attached to the
          Pooling
          and Servicing Agreement as Exhibit G-5. The Seller does not know or believe
          that
          any representation contained therein is false.

         

        3. The
          Seller has at the time of the transfer conducted a reasonable investigation
          of
          the financial condition of the Purchaser as contemplated by Treasury Regulations
          Section 1.860E-1(c)(4)(i) and, as a result of that investigation, the Seller
          has
          determined that the Purchaser has historically paid its debts as they have
          become due and has found no significant evidence to indicate that the Purchaser
          will not continue to pay its debts as they become due in the future. The
          Seller
          understands that the transfer of the Certificates may not be respected
          for
          United States income tax purposes (and the Seller may continue to be liable
          for
          United States income taxes associated therewith) unless the Seller has
          conducted
          such an investigation.

        
          
            
            

          

          
            G-4-1

            
              

            

          

          
            
            

          

        

         

        4. The
          Seller has no actual knowledge that the proposed Transferee is not a Permitted
          Transferee.

         

        

        
          	 	
                  Very
                    truly yours,

                   

                  ________________________________
                    

                  (Seller)

                
	 	 
	 	
                  By:
                    ________________________________

                   

                  Name________________________________

                   

                  Title:
                    ________________________________

                

        

        

        

         

        

        
          
            
              
              

            

            
              G-4-2

              
                

              

            

            
              
              

            

          

        

        

        EXHIBIT
          G-5

         

        FORM
          OF
          TRANSFER AFFIDAVIT AND AGREEMENT

         

        
          	
                  STATE
                    OF

                	
                  )

                
	 	
                  :ss.

                
	
                  COUNTY
                    OF

                	
                  )

                
	 	 

        

        

        ___________________,
          being first duly sworn, deposes, represents and warrants:

         

         

        1. That
          he/she is [Title of Officer] of [Name of Owner], a [savings institution]
          [corporation] duly organized and existing under the laws of [the State
          of
          __________] [the United States], (the “Investor”), (record or beneficial owner
          of the Class R Certificates (the “Certificates”) on behalf of which he/she makes
          this affidavit and agreement). This Class R Certificates were issued pursuant
          to
          the Pooling and Servicing Agreement, dated as of February 1, 2007 (the
          “Agreement”), among Impac Secured Assets Corp., as depositor (the “Depositor”),
          Impac Funding Corporation, as master servicer (the “Master Servicer”), and
          Deutsche Bank National Trust Company, as trustee (the “Trustee”). 

         

        1. The
          Investor is, as of the date hereof, and will be, as of the date of the
          Transfer,
          a Permitted Transferee. The Investor is not acquiring its Ownership Interest
          in
          the Certificates for the account of a Person other than a Permitted Transferee.
          

         

        2. The
          Investor has been advised and understands that (i) a tax will be imposed on
          Transfers of the Certificates to Persons that are not Permitted Transferees;
          (ii) such tax will be imposed on the Transferor, or, if such Transfer is
          through an agent (which includes a broker, nominee or middleman) for a
          Person
          that is not a Permitted Transferee, on the agent; and (iii) the Person
          otherwise liable for the tax shall be relieved of liability for the tax
          if a
          subsequent transferee furnishes to such Person an affidavit that such subsequent
          transferee is a Permitted Transferee, and at the time of Transfer, such
          Person
          does not have actual knowledge that the affidavit is false.

         

        3. The
          Investor has been advised and understands that a tax will be imposed on
          a
“pass-through entity” holding the Certificates if at any time during the taxable
          year of the pass-through entity a Person that is not a Permitted Transferee
          is
          the record holder of an interest in such entity. The Investor understands
          that
          such tax will not be imposed for any period with respect to which the record
          holder furnishes to the pass-through entity an affidavit that such record
          holder
          is a Permitted Transferee and the pass-through entity does not have actual
          knowledge that such affidavit is false. (For this purpose, a “pass-through
          entity” includes a regulated investment company, a real estate investment trust
          or common trust fund, a partnership, trust or estate, and certain cooperatives
          and, except as may be provided in Treasury regulations, Persons holding
          interests in pass-through entities as a nominee for another
          Person.)

        
          
            
            

          

          
            G-5-1

            
              

            

          

          
            
            

          

        

         

        4. The
          Investor has reviewed the provisions of Section 5.02(e) of the Agreement
          and
          understands the legal consequences of the acquisition of an Ownership Interest
          in the Certificates, including, without limitation, the restrictions on
          subsequent Transfers and the provisions regarding voiding any prohibited
          Transfers and mandatory sales. The Investor expressly agrees to be bound
          by, and
          to abide by, such provisions of the Agreement and the restrictions noted
          on the
          face of the Certificates. The Investor understands and agrees that any
          breach of
          any of the representations included herein shall render the Transfer of
          the
          Certificates to the Investor contemplated hereby null and void. The Investor
          consents to any amendment of the Agreement that shall be deemed necessary
          by the
          Depositor (upon advice of nationally recognized counsel) to constitute
          a
          reasonable arrangement to ensure that the Certificate will not be owned
          directly
          or indirectly by a Person other than a Permitted Transferee.

         

        5. The
          Investor agrees not to Transfer the Certificates, or cause the Transfer
          of the
          Certificates by a Person for whom the Investor is acting as nominee, trustee
          or
          agent, in each case unless (i) it has received an affidavit in substantially
          the
          same form as this affidavit containing these same representations and covenants
          from the subsequent transferee. In connection with any such Transfer by
          the
          Investor, the Investor agrees to deliver to the Trustee a certificate
          substantially in the form set forth as Exhibit G-4 to the Agreement to the
          effect that the Investor has no actual knowledge that the Person to which
          the
          Transfer is to be made is not a Permitted Transferee.

         

        6. The
          Investor has historically paid its debts as they have come due, intends
          to pay
          its debts as they come due in the future, and understands that the taxes
          associated with holder an Ownership Interest in the Certificates may exceed
          the
          cash flow with respect thereto in some or all periods and intends to pay
          such
          taxes as they become due. The Investor does not have the intention, and
          no
          purpose of the Transfer of the Certificates to the Investor is, to impede
          the
          assessment or collection of any tax legally required to be paid with respect
          to
          the Certificates.

         

        7. The
          Investor’s U.S. taxpayer identification number is [_____________].

         

        8. The
          Investor is a United States Person.

         

        9. The
          Investor is aware that the Certificates may be a “noneconomic residual interest”
within the meaning of Treasury regulations promulgated under Section 860E
          of the
          Code and that the transferor of a noneconomic residual interest will remain
          liable for any taxes due with respect to the income on such residual interest,
          unless no significant purpose of the transfer was to impede the assessment
          or
          collection of tax.

         

        10. The
          Investor will not cause income from the Certificates to be attributable
          to a
          foreign permanent establishment or fixed base, within the meaning of an
          applicable income tax treaty, of the Investor or any other United States
          Person.

         

        11. Check
          one
          of the following:

         

        o 
The
          Transfer of
          the Certificates complies with U.S. Treasury Regulation Sections 1.860E-1(c)(7)
          and (8) and, accordingly:

        
          
            
            

          

          
            G-5-2

            
              

            

          

          
            
            

          

        

         

        (i) the
          present value of the anticipated tax liabilities associated with holding
          the
          Certificates does not exceed the sum of:

         

        
          	 	
                  (a)

                	
                  the
                    present value of any consideration given to the Investor to acquire
                    such
                    Certificates;

                

        

         

        
          	 	
                  (b)

                	
                  the
                    present value of the expected future distributions on such Certificates;
                    and

                

        

         

        
          	 	
                  (c)

                	
                  the
                    present value of the anticipated tax savings associated with
                    holding such
                    Certificates as the related REMIC generates losses;
                    and

                

        

         

        (ii) the
          Transfer of the Certificates will not result in such Certificates being
          held,
          directly or indirectly, by a foreign permanent establishment or fixed base,
          within the meaning of an applicable income tax treaty, of the Investor
          or any
          other United States Person.

         

        For
          purposes of the calculation in clause (i) above, (x) the Investor is assumed
          to
          pay tax at the highest rate currently specified in Section 11(b)(1) of
          the Code
          (but the tax rate in Section 55(b)(1)(B) of the Code may be used in lieu of
          the highest rate specified in Section 11(b)(1) of the Code if the Investor
          has
          been subject to the alternative minimum tax under Section 55 of the Code
          in the
          preceding two years and will compute its taxable income in the current
          taxable
          year using the alternative minimum tax rate) and (y) present values are
          computed
          using a discount rate equal to the short-term Federal rate prescribed by
          Section
          1274(d) of the Code for the month of the transfer and the compounding period
          used by the Investor.

         

        o 
The
          Transfer of the Certificates
          complies with U.S. Treasury Regulation Sections 1.860E-1(c)(5) and (6)
          and,
          accordingly:

         

        
          	 	
                  (i)

                	
                  the
                    Investor is an “eligible corporation,” as defined in U.S. Treasury
                    Regulation Section 1.860E-1(c)(6)(i), as to which income from
                    the
                    Certificates will only be taxed in the United
                    States;

                

        

         

        
          	 	
                  (ii)

                	
                  at
                    the time of the Transfer, and at the close of the Investor’s two fiscal
                    years preceding the fiscal year of the transfer, the Investor
                    had gross
                    assets for financial reporting purposes (excluding any obligation
                    of a
                    “related person” to the Investor within the meaning of U.S. Treasury
                    Regulation Section 1.860E-1(c)(6)(ii) and any other asset the
                    principal
                    purpose of which is to permit the Investor to satisfy the condition
                    of
                    this clause (ii)) in excess of $100 million and net assets in
                    excess of
                    $10 million;

                

        

         

        
          	 	
                  (iii)

                	
                  the
                    Investor will transfer the Certificates only to another “eligible
                    corporation,” as defined in U.S. Treasury Regulation Section
                    1.860E-1(c)(6)(i), in a transaction in which the requirements
                    of
                    U.S. Treasury Regulation Sections 1.860E-1(c)(4)(i), (ii) and (iii)
                    and -1(c)(5) are satisfied and, accordingly, the subsequent transferee
                    provides a similar affidavit with this box checked;
                    and

                

        

         

        
          
            
            

          

          
            G-5-3

            
              

            

          

          
            
            

          

        

         

        
          	 	
                  (iv)

                	
                  the
                    Investor determined the consideration paid to it to acquire the
                    Certificates based on reasonable market assumptions (including,
                    but not
                    limited to, borrowing and investment rates, prepayment and loss
                    assumptions, expense and reinvestment assumptions, tax rates
                    and other
                    factors specific to the Investor) that it has determined in good
                    faith and
                    has concluded that such consideration, together with other assets
                    of the
                    Investor, will be sufficient to cover the taxes associated with
                    the
                    Certificates.

                

        

         

        o 
None
          of the above.

         

        11. (a)
          The
          Certificates (i) are not being acquired by, and will not be transferred
          to, any
          employee benefit plan within the meaning of section 3(3) of the Employee
          Retirement Income Security Act of 1974, as amended (“ERISA”), or other
          retirement arrangement, including individual retirement accounts and annuities,
          Keogh plans and bank collective investment funds and insurance company
          general
          or separate accounts in which such plans, accounts or arrangements are
          invested,
          that is subject to ERISA or Section 4975 of the Code (any of the foregoing,
          a
“Plan”), (ii) are not being acquired with “plan assets” of a Plan within the
          meaning of the Department of Labor (“DOL”) regulation, 29 C.F.R. § 2510.3-101 or
          otherwise under ERISA, and (iii) will not be transferred to any entity
          that is
          deemed to be investing in plan assets within the meaning of the DOL regulation,
          29 C.F.R. § 2510.3-101 or otherwise under ERISA; or

         

        (b)
          The
          Investor will provide the Trustee with an opinion of counsel, as specified
          in
          Section 5.02(c) of the Agreement, acceptable to and in form and substance
          satisfactory to the Trustee to the effect that the purchase of Certificates
          is
          permissible under applicable law, will not constitute or result in any
          non-exempt prohibited transaction under ERISA or Section 4975 of the Code
          and
          will not subject the Trustee, the Depositor or the Master Servicer to any
          obligation or liability (including obligations or liabilities under ERISA
          or
          Section 4975 of the Code) in addition to those undertaken in the
          Agreement.

         

        In
          addition, the Investor hereby certifies, represents and warrants to, and
          covenants with, the Depositor, the Trustee and the Master Servicer that
          the
          Investor will not transfer such Certificates to any Plan or person unless
          either
          such Plan or person meets the requirements set forth in either (a) or (b)
          above.

         

        

        
          
            
              
              

            

            
              G-5-4

              
                

              

            

            
              
              

            

          

        

        

        IN
          WITNESS WHEREOF, the Investor has caused this instrument to be executed
          on its
          behalf, by its [Title of Officer] and its corporate seal to be hereunto
          attached, attested by its [Assistant] Secretary, this ______ day of
          _____________, _____.

         

        

        
          	 	
                   

                  ________________________________ 

                             
                    [NAME
                    OF INVESTOR]

                   

                   

                  By:
                    ________________________________

                  [Name
                    of Officer]

                  [Title
                    of Officer]

                
	 	 
	
                  [Corporate
                    Seal]

                   

                   

                  ATTEST:

                   

                   

                  ________________________________
                    

                  [Assistant]
                    Secretary

                	 

        

         

        
          
            
              
              

            

            
              G-5-5

              
                

              

            

            
              
              

            

          

        

        

        FORM
          OF TRANSFEROR AFFIDAVIT

         

        
          	
                  STATE
                    OF NEW YORK

                	
                  )

                	 
	 	
                  )

                	
                  ss.:

                
	
                  COUNTY
                    OF NEW YORK

                	
                  )

                	 

        

         

        The
          undersigned is the [Title of Officer] of [Name of Transferor] (the “Owner”), the
          proposed transferor of an Ownership Interest in the Impac Secured Assets
          Corp.,
          Mortgage pass-through Certificates, Series 2007-1, Class [R-1][R-2][R-3]
          Certificate (the “Certificate”) issued pursuant to the Pooling and Servicing
          Agreement (the “Agreement”) relating to the Certificate, dated as of [ ], 2007,
          among [ ], as depositor (the “Depositor”), [ ], as master servicer (“the Master
          Servicer”) and [ ], as trustee (the “Trustee”), and makes this affidavit on
          behalf of the Owner for the benefit of the Depositor and the Trustee.
          Capitalized terms used, but not defined herein, shall have the meanings
          ascribed
          to such terms in the Agreement.

         

        1.
           The
          Owner
          is not transferring the Certificate to impede the assessment or collection
          of
          any tax.

         

        2.
           The
          Owner
          has no actual knowledge that the proposed Transferee of the Certificate:
          (i) has
          insufficient assets to pay any taxes that would be owed by such Transferee
          as
          Holder of the Certificate; (ii) may become insolvent or subject to a bankruptcy
          proceeding for so long as the Certificate remains outstanding; and (iii)
          is not
          a Permitted Transferee.

         

        3.
           The
          Owner
          understands that the proposed Transferee has delivered to the Trustee a
          transfer
          affidavit and agreement in the form attached to the Pooling and Servicing
          Agreement as Exhibit F-2. The Owner does not know or believe that any
          representation contained therein is false.

         

        4.
           At
          the
          time of transfer, the Owner has conducted a reasonable investigation of
          the
          financial condition of the proposed Transferee as contemplated by Treasury
          Regulation Section 1.860E-1(c)(4)(i) and, as a result of that investigation,
          the
          Owner has determined that the proposed Transferee has historically paid
          its
          debts as they became due and has found no significant evidence to indicate
          that
          the proposed Transferee will not continue to pay its debts as they become
          due in
          the future. The Owner understands that the transfer of the Certificate
          may not
          be respected for U.S. federal income tax purposes (and the Owner may continue
          to
          be liable for U.S. federal income taxes associated therewith) unless the
          Owner
          has conducted such an investigation.

         

         

        
 

        
          
            
            

          

          
            G-5-6

            
              

            

          

          
            
            

          

        

         

        

         

        IN
          WITNESS WHEREOF, the Investor has caused this instrument to be executed
          on its
          behalf, pursuant to authority of its Board of Directors, by its [Title
          of
          Officer] this ____ day of _________, 20__.

         

        
          	 	 	 	 	 	 	
                  [NAME
                    OF OWNER]

                
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	
                  By:

                	 
	 	 	 	 	 	 	
                  Name:

                	
                  [Name
                    of Officer]

                
	 	 	 	 	 	 	
                  Title:

                	
                  [Title
                    of Officer]

                
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 

        

        

         

        Personally
          appeared before me the above-named [Name of Officer], known or proved to
          me to
          be the same person who executed the foregoing instrument and to be the
          [Title of
          Officer] of the Owner, and acknowledged to me that he/she executed the
          same as
          his/her free act and deed and the free act and deed of the Owner.

         

        Subscribed
          and sworn before me this ___ day of _________, 20___.

         

        NOTARY
          PUBLIC

         

        COUNTY
          OF

         

        STATE
          OF

         

        My
          commission expires the ___ day of ___________________, 20___.

        

        
          
            
              
              

            

            
              G-5-7

              
                

              

            

            
              
              

            

          

        

        

        

        EXHIBIT
          H

         

        MORTGAGE
          LOAN SCHEDULE

         

         AP_NUM       PROPERTY_TYPE              Unit_Num     INTENT    PURPOSE_DESC          CASH_OUT              INTEREST_RATE        CURR_INT_RATE         LOAN_AMOUNT          CURR_BALANCE         FIRST_PAY_DATE         MATURITY_DATE          CURR_MONTHLY_PI     TERM     LTV     STATE            PD_THRU_DATE        Balloon        APPRAISAL        FIRST_SECOND     MARGIN        MONTHLY_P_I           BORR_LAST_NAME           BORR_FIRST_NAME      ADDRESS   CITY     ZIP_CODE         CLOSED_DATE       DOC_TYPE      LOAN_PROGRAM                          MICo   MICvg       SALES_PRICE      OTHER_FIN        SUBORD_LIEN    CLTV           PRI_CREDIT_SCORE      DEBT_RATIO     PREPAY_OPTION            SimpleInterest   FirstAdjDt     LIFE_CAP  InitialCap     BaseCap      LIFE_FLOOR
     1103456431       SFR                               1     OO        REFI                  Y                            13.375               13.375               68000              67956.68              12/1/2006             11/1/2021                    772.2      180      20     AZ                   2/1/2007        Y                 340000                   2          0              772.2                                                                               85027          11/17/2006              2      TB2630_BALLOON                                   0                 0                                 0     100                        624           44.68     3YR                                                             0           0           0               0
     1103583987       HI-RISE                           1     NOO       PURCHASE              N                              7.75                 7.75              145500                145500               1/1/2007             12/1/2036                   939.69      360      75     FL                   2/1/2007        N                 194000                   1          3             939.69                                                                               33317          11/22/2006              2      PA1605EI_ARM-INTONLY                             0            194000                             38800      95                        657              45     1YR                                        12/1/2011            6           3           1               3
     1103583988       HI-RISE                           1     NOO       PURCHASE              N                             14.25                14.25               38800              38786.58               1/1/2007             12/1/2021                   467.42      180      20     FL                   2/1/2007        Y                 194000                   2          0             467.42                                                                               33317          11/22/2006              2      TB1630_BALLOON                                   0            194000                                 0      95                        657              45     1YR                                                             0           0           0               0
     1103589683       CONDO                             1     NOO       PURCHASE              N                             12.03                12.03               51247              50941.97              12/1/2006             11/1/2021                   528.32      180      25     FL                   2/1/2007        Y                 205000                   2          0             528.32                                                                               33323           11/1/2006              1      TB0630_BALLOON                                   0            204990                                 0      95                        744              45     NO-PREPAY                                                       0           0           0               0
     1103597944       SFR                               1     NOO       PURCHASE              N                             13.75                13.75               25980              25954.35              10/1/2006              9/1/2021                    302.7      180      20     NC                   2/1/2007        Y                 130000                   2          0              302.7                                                                               28215           11/7/2006              2      TB1630_BALLOON                                   0            129900                                 0      95                        669           44.86     NO-PREPAY                                                       0           0           0               0
     1103598702       SFR                               1     OO        PURCHASE              N                             6.625                6.625              285523             285504.15              12/1/2006             11/1/2036                  1576.33      360      80     CA                   2/1/2007        N                 357000                   1          3            1576.33                                                                               92585          11/22/2006              2      PA1605EI_ARM-INTONLY                             0            356904                             35690      90                        655              43     NO-PREPAY                                  11/1/2011            6           3           1               3
     1103598737       SFR                               1     OO        PURCHASE              N                            12.375               12.375               35690              35415.15              12/1/2006             11/1/2021                   377.45      180      10     CA                   2/1/2007        Y                 357000                   2          0             377.45                                                                               92585          11/28/2006              2      TB1630_BALLOON                                   0            356904                                 0      90                        655           43.23     NO-PREPAY                                                       0           0           0               0
     1103600016       SFR                               1     OO        REFI                  N                              6.25                 6.25              296000             294867.77              11/1/2006             10/1/2036                  1822.52      360   73.82     FL                   2/1/2007        N                 401000                   1          3            1822.52                                                                               34476          11/28/2006              8      SA1603E_ARM                                      0                 0                                 0   73.82                        731              35     NO-PREPAY                                  10/1/2009            6           3           1               3
     1103601089       SFR                               1     OO        PURCHASE              N                             7.375                7.375              296000                296000               1/1/2007             12/1/2036                  1819.17      360      80     CA                   2/1/2007        N                 370000                   1          3            1819.17                                                                               92582           12/8/2006              2      PA0605EI_ARM-INTONLY                             0            370000                             74000     100                        690           41.76     1YR                                        12/1/2011            6           3           1               3
     1103601507       SFR                               1     NOO       PURCHASE              N                              13.5                 13.5               58900               58838.5              10/1/2006              9/1/2021                   674.65      180      15     NY                   2/1/2007        Y                 413000                   2          0             674.65                                                                               11704          11/10/2006              2      TB0630_BALLOON                                   0            392850                                 0   94.99                        713            33.7     NO-PREPAY                                                       0           0           0               0
     1103603801       D-PUDS                            1     OO        REFI                  Y                             13.75                13.75              100000              99961.22               1/1/2007             12/1/2021                  1165.11      180      20     VA                   2/1/2007        Y                 500000                   2          0            1165.11                                                                               23227          11/29/2006              2      TB2630_BALLOON                                   0                 0                                 0     100                        633            29.5     NO-PREPAY                                                       0           0           0               0
     1103603949       SFR                               1     OO        PURCHASE              N                            11.875               11.875              115000             114897.51              12/1/2006             11/1/2021                  1171.85      180      20     CA                   2/1/2007        Y                 575000                   2          0            1171.85                                                                               94954           11/2/2006              2      TB1630_BALLOON                                   0            575000                                 0     100                        668            41.2     1YR                                                             0           0           0               0
     1103604645       CONDO                             1     NOO       PURCHASE              N                             7.125                7.125              116830                116830               1/1/2007             12/1/2036                   693.68      360      70     FL                   2/1/2007        N                 173000                   1          3             693.68                                                                               33810          12/26/2006              2      PA0605EI_ARM-INTONLY                             0            166900                             41725      95                        784           37.53     1YR                                        12/1/2011            6           3           1               3
     1103604756       SFR                               1     OO        REFI                  Y                            11.875               11.875               65000              64942.07              12/1/2006             11/1/2021                   662.35      180    7.93     CA                   2/1/2007        Y                 820000                   2          0             662.35                                                                               90041           11/2/2006              2      TB1630_BALLOON                                   0                 0                                 0   87.93                        643           35.49     2YR                                                             0           0           0               0
     1103605051       CONDO                             1     NOO       PURCHASE              N                            13.725               13.725               86400              86314.26              10/1/2006              9/1/2021                  1004.96      180      20     FL                   2/1/2007        Y                 432000                   2          0            1004.96                                                                               33131           11/2/2006              2      TB1630_BALLOON                                   0            432000                                 0      95                        661           38.15     NO-PREPAY                                                       0           0           0               0
     1103605109       SFR                               1     OO        REFI                  Y                             10.99                10.99               55500                 55500              11/1/2006             10/1/2021                   508.29      180      10     CA                   2/1/2007        Y                 555000                   2          0             508.29                                                                               94565          10/13/2006              2      TB1630I_BALLOON-INTONLY                          0                 0                                 0      90                        670           38.54     1YR                                                             0           0           0               0
     1103606245       SFR                               1     OO        REFI                  Y                              11.9                 11.9               49000              48939.53              11/1/2006             10/1/2021                   500.25      180   11.87     CA                   2/1/2007        Y                 413000                   2          0             500.25                                                                               92504          10/20/2006              2      TB1630_BALLOON                                   0                 0                                 0   89.35                        679           37.76     NO-PREPAY                                                       0           0           0               0
     1103606554       SFR                               1     OO        REFI                  Y                              6.25                 6.25              385000                384950               1/1/2007             12/1/2036                  2005.21      360   74.76     CA                   2/1/2007        N                 515000                   1          3            2005.21                                                                               92114           12/1/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   74.76                        725           34.75     3YR                                        12/1/2011            6           3           1               3
     1103606577       SFR                               1     OO        PURCHASE              N                              10.5                 10.5               61000              60901.76              11/1/2006             10/1/2021                   557.99      180      10     CA                   2/1/2007        Y                 685000                   2          0             557.99                                                                               90723          10/19/2006              2      TB1630_BALLOON                                   0            610000                                 0      90                        652            4.03     3YR                                                             0           0           0               0
     1103606837       D-PUDS                            1     OO        REFI                  Y                             7.375                7.375             2000000               2000000               1/1/2007             12/1/2036                 12291.67      360    67.8     CA                   2/1/2007        N                2950000                   1          3           12291.67                                                                               91504          11/30/2006              2      PA1605EI_ARM-INTONLY                             0                 0                            212500      75                        657           28.75     1YR                                        12/1/2011            6           3           1               3
     1103607071       SFR                               1     NOO       PURCHASE              N                                13                   13               50200              50127.62              11/1/2006             10/1/2021                   555.31      180   24.99     TX                   2/1/2007        Y                 200890                   2          0             555.31                                                                               76086          11/14/2006              2      TB1630_BALLOON                                   0            200890                                 0   94.98                        677           23.05     NO-PREPAY                                                       0           0           0               0
     1103608139       SFR                               1     OO        PURCHASE              N                             6.875                6.875              286405                286405              10/1/2006              9/1/2036                  1640.86      360      80     CA                   2/1/2007        N                 358500                   1        3.5            1640.86                                                                               92394           12/1/2006              2      PA2605EI_ARM-INTONLY                             0            358006                             71600     100                        636           41.59     3YR                                         9/1/2011            6           3           1             3.5
     1103608265       2-4FAMILY                         2     OO        PURCHASE              N                             12.35                12.35              130000             129860.24              11/1/2006             10/1/2021                  1372.32      180      20     CA                   2/1/2007        Y                 650000                   2          0            1372.32                                                                               94601           11/1/2006              2      TB2630_BALLOON                                   0            650000                                 0     100                        622           43.46     3YR                                                             0           0           0               0
     1103608814       SFR                               1     OO        REFI                  Y                            11.875               11.875               48000              47942.68              11/1/2006             10/1/2021                   489.12      180      10     CA                   2/1/2007        Y                 480000                   2          0             489.12                                                                               92505          10/25/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        651           38.77     3YR                                                             0           0           0               0
     1103608887       D-PUDS                            1     OO        PURCHASE              N                              11.5                 11.5               49250              48883.97              11/1/2006             10/1/2021                   487.72      180       5     FL                   2/1/2007        Y                1100000                   2          0             487.72                                                                               33076          10/23/2006              2      TB1630_BALLOON                                   0            985655                                 0      80                        647           39.55     3YR                                                             0           0           0               0
     1103609668       PUD                               1     OO        PURCHASE              N                             7.875                7.875              364000             363747.86              11/1/2006             10/1/2036                  2388.75      360      80     CA                   2/1/2007        N                 455000                   1          3            2388.75                                                                               92173           12/6/2006              8      SA1605EI_ARM-INTONLY                             0            455000                             91000     100                        694               0     1YR                                        10/1/2011            6           3           1               3
     1103610210       SFR                               1     OO        REFI                  Y                              12.6                 12.6               30550              30518.93              11/1/2006             10/1/2021                   328.42      180      13     CA                   2/1/2007        Y                 235000                   2          0             328.42                                                                               92227          11/13/2006              2      TB1630_BALLOON                                   0                 0                                 0      88                        650           40.66     NO-PREPAY                                                       0           0           0               0
     1103610321       CONDO                             1     NOO       PURCHASE              N                             13.65                13.65               37980              37957.25              12/1/2006             11/1/2021                   439.52      180      20     FL                   2/1/2007        Y                 190000                   2          0             439.52                                                                               33063           11/2/2006              2      TB1630_BALLOON                                   0            189900                                 0      95                        670           31.05     1YR                                                             0           0           0               0
     1103610614       SFR                               1     OO        REFI                  Y                            12.525               12.525              100000              99922.85              12/1/2006             11/1/2021                   1069.2      180   15.63     CA                   2/1/2007        Y                 640000                   2          0             1069.2                                                                               92021           11/3/2006              2      TB2630_BALLOON                                   0                 0                                 0   93.75                        622           49.33     3YR                                                             0           0           0               0
     1103610990       CONDO                             1     OO        REFI                  Y                             12.75                12.75               37300              37263.31              11/1/2006             10/1/2021                   405.34      180      10     CA                   2/1/2007        Y                 373000                   2          0             405.34                                                                               92630          10/30/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        641           35.19     3YR                                                             0           0           0               0
     1103611160       SFR                               1     OO        REFI                  Y                            11.375               11.375               23100              23077.01              12/1/2006             11/1/2021                   226.56      180      10     AZ                   2/1/2007        Y                 231000                   2          0             226.56                                                                               85019          11/16/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        641              40     3YR                                                             0           0           0               0
     1103611297       CONDO                             1     OO        PURCHASE              N                              12.5                 12.5               20000              19979.21              11/1/2006             10/1/2021                   213.45      180   10.37     FL                   2/1/2007        Y                 193000                   2          0             213.45                                                                               33193           11/1/2006              2      TB1630_BALLOON                                   0            193000                                 0      90                        656           39.79     3YR                                                             0           0           0               0
     1103611298       SFR                               1     NOO       PURCHASE              N                             11.15                11.15               33000              32953.82              11/1/2006             10/1/2021                   318.01      180      15     WI                   2/1/2007        Y                 220000                   2          0             318.01                                                                               54636          10/27/2006              1      TB0630_BALLOON                                   0            220000                                 0      90                        690           48.85     NO-PREPAY                                                       0           0           0               0
     1103611606       SFR                               1     OO        REFI                  Y                             6.625                6.625              507000                507000              12/1/2006             11/1/2036                  2799.06      360   68.61     CA                   2/1/2007        N                 739000                   1          3            2799.06                                                                               92626          11/30/2006              1      PA1605EI_ARM-INTONLY                             0                 0                                 0   68.61                        656           54.39     1YR                                        11/1/2011            6           3           1               3
     1103612103       2-4FAMILY                         2     NOO       REFI                  Y                              7.75                 7.75              175000                175000               1/1/2007             12/1/2036                  1130.21      360      70     CO                   2/1/2007        N                 250000                   1          3            1130.21                                                                               80033          12/21/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             62500      95                        666           44.37     NO-PREPAY                                  12/1/2011            6           3           1            7.75
     1103612648       SFR                               1     OO        PURCHASE              N                              12.5                 12.5               76400              76320.58              11/1/2006             10/1/2021                   815.38      180   19.99     CA                   2/1/2007        Y                 383000                   2          0             815.38                                                                               92582           11/2/2006              2      TB1630_BALLOON                                   0            382285                                 0   99.98                        644           42.41     1YR                                                             0           0           0               0
     1103612937       SFR                               1     NOO       REFI                  Y                             7.375                7.375              203000                203000              12/1/2006             11/1/2036                   1247.6      360      70     AL                   2/1/2007        N                 290000                   1          3             1247.6                                                                               35209          12/14/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             72500      95                        693           49.02     NO-PREPAY                                  11/1/2011            6           3           1               3
     1103612939       SFR                               1     NOO       REFI                  Y                             13.25                13.25               72500              72420.96              12/1/2006             11/1/2021                   816.19      180      25     AL                   2/1/2007        Y                 290000                   2          0             816.19                                                                               35209          12/14/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        693           49.02     NO-PREPAY                                                       0           0           0               0
     1103613232       SFR                               1     OO        PURCHASE              N                             11.85                11.85               69750              69687.47              12/1/2006             11/1/2021                   709.42      180      30     CA                   2/1/2007        Y                 235000                   2          0             709.42                                                                               93274          11/28/2006              2      TB1630_BALLOON                                   0            232500                                 0     100                        642           41.01     3YR                                                             0           0           0               0
     1103613313       SFR                               1     OO        REFI                  Y                             12.75                12.75               94600              94530.62              12/1/2006             11/1/2021                  1028.01      180      20     CA                   2/1/2007        Y                 473000                   2          0            1028.01                                                                               90262          11/15/2006              2      TB2630_BALLOON                                   0                 0                                 0     100                        631           48.32     3YR                                                             0           0           0               0
     1103613522       SFR                               1     OO        PURCHASE              N                            11.225               11.225               86400              86281.03              11/1/2006             10/1/2021                   837.53      180      20     CA                   2/1/2007        Y                 432000                   2          0             837.53                                                                               92027           11/2/2006              2      TB1630_BALLOON                                   0            432000                                 0     100                        677           39.13     3YR                                                             0           0           0               0
     1103613808       D-PUDS                            1     OO        REFI                  N                              11.5                 11.5               30000              29952.28              11/1/2006             10/1/2021                   297.09      180     4.8     CA                   2/1/2007        Y                 625000                   2          0             297.09                                                                               95742          10/30/2006              2      TB1630_BALLOON                                   0                 0                                 0    84.8                        653           38.25     3YR                                                             0           0           0               0
     1103613866       CONDO                             1     NOO       REFI                  N                            14.075               14.075               28400              28384.58              12/1/2006             11/1/2021                   338.19      180   17.22     AZ                   2/1/2007        Y                 165000                   2          0             338.19                                                                               85029           11/2/2006              2      TB1630_BALLOON                                   0                 0                                 0   87.22                        660           25.86     1YR                                                             0           0           0               0
     1103613902       SFR                               1     NOO       REFI                  Y                                 8                    8              226800                226800               1/1/2007             12/1/2036                     1512      360      70     CA                   2/1/2007        N                 324000                   1          3               1512                                                                               95301           12/7/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             81000      95                        655           49.47     NO-PREPAY                                  12/1/2011            6           3           1               8
     1103613903       SFR                               1     NOO       REFI                  Y                            14.375               14.375               81000              80972.78               1/1/2007             12/1/2021                   983.84      180      25     CA                   2/1/2007        Y                 324000                   2          0             983.84                                                                               95301           12/7/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        655           49.47     NO-PREPAY                                                       0           0           0               0
     1103614092       SFR                               1     NOO       PURCHASE              N                                 7                    7              111755                111755              11/1/2006             10/1/2036                    651.9      360      70     MN                   2/1/2007        N                 172500                   1          3              651.9                                                                               55104            1/4/2007              2      PA0630EI_ARM-INTONLY                             0            159650                             39912      95                        781           39.81     NO-PREPAY                                   4/1/2007            6           1           1               7
     1103614240       CONDO                             1     OO        PURCHASE              N                             12.85                12.85               61900               61855.6              12/1/2006             11/1/2036                   677.49      360      10     FL                   2/1/2007        N                 650000                   2          0             677.49                                                                               33141           11/7/2006              1      TF2630_FIXEDRATE                                 0            619000                                 0      90                        632           35.23     1YR                                                             0           0           0               0
     1103614263       CONDO                             1     OO        REFI                  N                             7.125                7.125              405600                405600              11/1/2006             10/1/2036                  2408.25      360      80     CA                   2/1/2007        N                 507000                   1          3            2408.25                                                                               92688           12/1/2006              2      PA1605EI_ARM-INTONLY                             0                 0                            101400     100                        644           49.87     3YR                                        10/1/2011            6           3           1               3
     1103614274       CONDO                             1     OO        PURCHASE              N                            12.475               12.475               51680              51625.96              11/1/2006             10/1/2021                   550.56      180      20     FL                   2/1/2007        Y                 278000                   2          0             550.56                                                                               33076           11/6/2006              2      TB1630_BALLOON                                   0            258400                                 0     100                        653           37.37     3YR                                                             0           0           0               0
     1103615431       D-PUDS                            1     2ND       PURCHASE              N                             13.75                13.75               70000                 70000              12/1/2006             11/1/2036                   802.08      360      20     NV                   2/1/2007        N                 350000                   2          0             802.08                                                                               89141          11/13/2006              2      TF1630I_FIX-INTONLY                              0            350000                                 0      95                        654           33.98     NO-PREPAY                                                       0           0           0               0
     1103615597       D-PUDS                            1     OO        REFI                  Y                              7.25                 7.25              210750                210750              12/1/2006             11/1/2036                  1273.28      360      75     FL                   2/1/2007        N                 281000                   1          3            1273.28                                                                               32225          11/20/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             56200      95                        640           46.44     3YR                                        11/1/2011            6           3           1               3
     1103615705       CONDO                             1     OO        PURCHASE              N                              12.5                 12.5               69000              68946.47              12/1/2006             11/1/2021                   736.41      180      20     CA                   2/1/2007        Y                 345000                   2          0             736.41                                                                               92026           11/6/2006              2      TB2630_BALLOON                                   0            349000                                 0     100                        627           47.49     3YR                                                             0           0           0               0
     1103615848       SFR                               1     OO        REFI                  Y                             11.95                11.95               40000              39952.99              11/1/2006             10/1/2021                   409.91      180    7.21     CA                   2/1/2007        Y                 555000                   2          0             409.91                                                                               91010          10/20/2006              2      TB1630_BALLOON                                   0                 0                                 0   87.21                        649           39.74     3YR                                                             0           0           0               0
     1103615884       SFR                               1     OO        PURCHASE              N                            13.875               13.875               60039              59981.44              10/1/2006              9/1/2021                   705.45      180      20     NY                   2/1/2007        Y                 320000                   2          0             705.45                                                                               11726          10/30/2006              2      TB2630_BALLOON                                   0            300195                                 0     100                        639           48.92     NO-PREPAY                                                       0           0           0               0
     1103615897       CONDO                             1     NOO       PURCHASE              N                             13.25                13.25               35725              35693.62              11/1/2006             10/1/2021                   402.18      180      25     FL                   2/1/2007        Y                 146000                   2          0             402.18                                                                               33810          11/21/2006              2      TB0630_BALLOON                                   0            142900                                 0      95                        755              26     1YR                                                             0           0           0               0
     1103616014       2-4FAMILY                         2     OO        PURCHASE              N                             11.99                11.99              126000              125853.3              11/1/2006             10/1/2021                  1295.08      180   23.21     CA                   2/1/2007        Y                 560000                   2          0            1295.08                                                                               92025          11/17/2006              2      TB1630_BALLOON                                   0            543000                                 0     100                        663           35.19     NO-PREPAY                                                       0           0           0               0
     1103616325       D-PUDS                            1     OO        REFI                  N                             12.25                12.25               35500               35499.4              11/1/2006             10/1/2036                   362.39      360    9.95     AZ                   2/1/2007        N                 357000                   2          0             362.39                                                                               85323          10/20/2006              2      TF1630I_FIX-INTONLY                              0                 0                                 0    89.5                        647           38.28     3YR                                                             0           0           0               0
     1103616560       SFR                               1     NOO       REFI                  Y                            12.675               12.675               45000              44966.42              12/1/2006             11/1/2021                   486.39      180      25     CA                   2/1/2007        Y                 180000                   2          0             486.39                                                                               93274           11/9/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        660           25.68     3YR                                                             0           0           0               0
     1103616594       SFR                               1     OO        PURCHASE              N                              7.25                 7.25              444000                444000               1/1/2007             12/1/2036                   2682.5      360      80     CA                   2/1/2007        N                 555000                   1        3.5             2682.5                                                                               91335           12/5/2006              2      PA2605EI_ARM-INTONLY                             0            555000                            111000     100                        636           44.22     3YR                                        12/1/2011            6           3           1             3.5
     1103616602       SFR                               1     OO        PURCHASE              N                              12.5                 12.5              111000             110942.88               1/1/2007             12/1/2021                  1184.66      180      20     CA                   2/1/2007        Y                 555000                   2          0            1184.66                                                                               91335           12/5/2006              2      TB2630_BALLOON                                   0            555000                                 0     100                        636           44.22     3YR                                                             0           0           0               0
     1103616655       SFR                               1     NOO       PURCHASE              N                            13.375               13.375               20070              20057.22              12/1/2006             11/1/2021                   227.91      180      18     PA                   2/1/2007        Y                 112000                   2          0             227.91                                                                               18102           11/6/2006              2      TB0630_BALLOON                                   0            111500                                 0      95                        708           47.89     NO-PREPAY                                                       0           0           0               0
     1103616851       CONDO                             1     OO        REFI                  Y                                13                   13               36150              36124.95              12/1/2006             11/1/2021                   399.89      180      15     MD                   2/1/2007        Y                 241000                   2          0             399.89                                                                               20746          11/13/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        648            26.6     NO-PREPAY                                                       0           0           0               0
     1103616911       D-PUDS                            1     OO        REFI                  N                            11.675               11.675               36000              35936.82              11/1/2006             10/1/2021                   361.32      180      10     CA                   2/1/2007        Y                 360000                   2          0             361.32                                                                               93561          10/27/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        653           36.68     3YR                                                             0           0           0               0
     1103616945       CONDO                             1     OO        REFI                  Y                             12.85                12.85               28000              27973.06              11/1/2006             10/1/2021                   306.46      180    9.34     CA                   2/1/2007        Y                 300000                   2          0             306.46                                                                               90723          10/20/2006              2      TB1630_BALLOON                                   0                 0                                 0      84                        643           37.09     3YR                                                             0           0           0               0
     1103617093       SFR                               1     NOO       PURCHASE              N                            11.875               11.875               55700               55633.5              11/1/2006             10/1/2021                   567.58      180      15     CA                   2/1/2007        Y                 388000                   2          0             567.58                                                                               92582           11/2/2006              2      TB0630_BALLOON                                   0            371571                                 0   89.99                        718           30.57     1YR                                                             0           0           0               0
     1103617108       D-PUDS                            1     OO        REFI                  Y                              12.5                 12.5               38000                 38000              11/1/2006             10/1/2021                   395.83      180      10     FL                   2/1/2007        Y                 380000                   2          0             395.83                                                                               33015          10/24/2006              2      TB1630I_BALLOON-INTONLY                          0                 0                                 0      90                        661           18.81     1YR                                                             0           0           0               0
     1103617296       SFR                               1     OO        REFI                  Y                             12.35                12.35               72000              71922.59              11/1/2006             10/1/2021                   760.06      180      20     CA                   2/1/2007        Y                 360000                   2          0             760.06                                                                               92392          11/17/2006              2      TB1630_BALLOON                                   0                 0                                 0     100                        655              43     3YR                                                             0           0           0               0
     1103617308       SFR                               1     OO        REFI                  N                              12.2                 12.2               49500              48996.75              12/1/2006             11/1/2021                   503.25      180     9.9     CA                   2/1/2007        Y                 500000                   2          0             503.25                                                                               92591          11/14/2006              1      TB2630I_BALLOON-INTONLY                          0                 0                                 0    89.9                        626           39.99     2YR                                                             0           0           0               0
     1103617361       D-PUDS                            1     OO        REFI                  Y                            11.875               11.875               56200              56149.91              12/1/2006             11/1/2021                   572.68      180      20     FL                   2/1/2007        Y                 281000                   2          0             572.68                                                                               32225          11/20/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        640           46.44     3YR                                                             0           0           0               0
     1103617417       SFR                               1     OO        REFI                  Y                            11.125               11.125               98500               98361.4              11/1/2006             10/1/2021                   947.35      180      10     CA                   2/1/2007        Y                 985000                   2          0             947.35                                                                               91739          10/20/2006              2      TB1630_BALLOON                                   0                 0                                 0      85                        672           36.75     3YR                                                             0           0           0               0
     1103617456       CONDO                             1     2ND       PURCHASE              N                             13.29                13.29               40350              40323.78              12/1/2006             11/1/2021                   455.52      180      25     FL                   2/1/2007        Y                 176000                   2          0             455.52                                                                               32822           11/6/2006              2      TB1630_BALLOON                                   0            161400                                 0      95                        675              45     NO-PREPAY                                                       0           0           0               0
     1103617470       SFR                               1     NOO       REFI                  Y                             12.95                12.95              108000             107924.25              12/1/2006             11/1/2021                  1190.48      180      20     CA                   2/1/2007        Y                 540000                   2          0            1190.48                                                                               94531          11/13/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        672           41.98     3YR                                                             0           0           0               0
     1103617514       SFR                               1     2ND       REFI                  Y                            10.875               10.875              111250             111084.69              11/1/2006             10/1/2021                  1048.97      180      25     AZ                   2/1/2007        Y                 445000                   2          0            1048.97                                                                               85259          10/30/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        701           49.95     1YR                                                             0           0           0               0
     1103617752       D-PUDS                            1     OO        PURCHASE              N                              12.7                 12.7              155598             155482.57              12/1/2006             11/1/2021                  1684.82      180      20     CA                   2/1/2007        Y                 778000                   2          0            1684.82                                                                               91350           11/2/2006              2      TB2630_BALLOON                                   0            777990                                 0     100                        628           47.73     1YR                                                             0           0           0               0
     1103618392       CONDO                             1     OO        PURCHASE              N                              7.25                 7.25              332000                332000              10/1/2006              9/1/2036                  2005.83      360      80     NJ                   2/1/2007        N                 415000                   1       2.25            2005.83                                                                               07438          10/31/2006              1      XA0605DI_ARM-INTONLY                             0            415000                             83000     100                        688              55     NO-PREPAY                                   9/1/2011            5           5           2            2.25
     1103618752       SFR                               1     OO        REFI                  Y                             11.25                11.25               55700              55555.31              12/1/2006             11/1/2021                   540.99      180      10     CA                   2/1/2007        Y                 557000                   2          0             540.99                                                                               92801          10/18/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        676           37.97     3YR                                                             0           0           0               0
     1103618857       D-PUDS                            1     NOO       PURCHASE              N                                13                   13              153000             152857.75              11/1/2006             10/1/2021                  1692.49      180   21.55     FL                   2/1/2007        Y                 725000                   2          0            1692.49                                                                               32836           11/3/2006              2      TB0630_BALLOON                                   0            710000                                 0   91.55                        681           46.92     2YR                                                             0           0           0               0
     1103618970       CONDO                             1     OO        PURCHASE              N                             12.25                12.25               47000              46961.45              12/1/2006             11/1/2021                   492.51      180   19.97     CA                   2/1/2007        Y                 255000                   2          0             492.51                                                                               92551          10/31/2006              2      TB2630_BALLOON                                   0            235356                                 0   99.96                        623           48.62     3YR                                                             0           0           0               0
     1103619005       SFR                               1     NOO       REFI                  N                            12.875               12.875               24150              24132.78              12/1/2006             11/1/2021                   264.79      180      15     UT                   2/1/2007        Y                 161000                   2          0             264.79                                                                               84405          10/31/2006              1      TB0630_BALLOON                                   0                 0                                 0      90                        741              38     NO-PREPAY                                                       0           0           0               0
     1103619443       SFR                               1     NOO       REFI                  Y                            13.175               13.175               59800              59760.12              12/1/2006             11/1/2021                    669.7      180      20     CA                   2/1/2007        Y                 299000                   2          0              669.7                                                                               95219           11/2/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        655           40.54     3YR                                                             0           0           0               0
     1103619475       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              288000                288000               1/1/2007             12/1/2036                     1620      360      80     CA                   2/1/2007        N                 375000                   1          3               1620                                                                               92308           12/8/2006              8      SA0605EI_ARM-INTONLY                             0            360000                             72000     100                        731               0     1YR                                        12/1/2011            6           3           1               3
     1103619548       D-PUDS                            1     NOO       PURCHASE              N                              12.8                 12.8               27000              26980.41              12/1/2006             11/1/2021                   294.46      180      10     FL                   2/1/2007        Y                 270000                   2          0             294.46                                                                               33321           11/2/2006              2      TB1630_BALLOON                                   0            270000                                 0      90                        656           33.55     2YR                                                             0           0           0               0
     1103619600       PUD                               1     NOO       PURCHASE              N                            14.475               14.475               24000              23988.09              12/1/2006             11/1/2021                   293.42      180      20     MN                   2/1/2007        Y                 148000                   2          0             293.42                                                                               55387          11/22/2006              2      TB1630_BALLOON                                   0            120003                                 0      95                        671           34.12     NO-PREPAY                                                       0           0           0               0
     1103619615       SFR                               1     OO        PURCHASE              N                            12.475               12.475               38400              38368.17              12/1/2006             11/1/2021                   409.09      180      20     AZ                   2/1/2007        Y                 224000                   2          0             409.09                                                                               86323           11/2/2006              2      TB2630_BALLOON                                   0            192000                                 0     100                        623           37.14     3YR                                                             0           0           0               0
     1103619725       SFR                               1     OO        PURCHASE              N                             12.85                12.85              237500             237329.65              12/1/2006             11/1/2021                  2599.41      180      25     CA                   2/1/2007        Y                 950000                   2          0            2599.41                                                                               92020           11/9/2006              2      TB2630_BALLOON                                   0            950000                                 0     100                        635           48.96     3YR                                                             0           0           0               0
     1103619744       SFR                               1     OO        REFI                  Y                              11.6                 11.6               61500              61441.75              12/1/2006             11/1/2021                   613.73      180      10     CA                   2/1/2007        Y                 615000                   2          0             613.73                                                                               92804           11/2/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        661           37.97     3YR                                                             0           0           0               0
     1103619793       SFR                               1     NOO       PURCHASE              N                             12.25                12.25               43200              43164.57              12/1/2006             11/1/2021                   452.69      180      20     FL                   2/1/2007        Y                 228000                   2          0             452.69                                                                               34420          11/16/2006              2      TB0630_BALLOON                                   0            216085                                 0   94.99                        713           38.48     1YR                                                             0           0           0               0
     1103619816       CONDO                             1     NOO       PURCHASE              N                            12.125               12.125               31350              31323.57              12/1/2006             11/1/2021                   325.49      180      25     FL                   2/1/2007        Y                 128000                   2          0             325.49                                                                               32822          10/20/2006              1      TB0630_BALLOON                                   0            125400                                 0      95                        736              45     NO-PREPAY                                                       0           0           0               0
     1103619893       SFR                               1     NOO       REFI                  Y                              13.5                 13.5               38600              38576.09              12/1/2006             11/1/2021                   442.13      180      20     CA                   2/1/2007        Y                 193000                   2          0             442.13                                                                               93308          11/16/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        669           43.45     1YR                                                             0           0           0               0
     1103619924       SFR                               1     OO        REFI                  Y                             12.55                12.55               25001              24981.81              12/1/2006             11/1/2021                    267.8      180   17.86     IL                   2/1/2007        Y                 140000                   2          0              267.8                                                                               61108           12/1/2006              2      TB2630_BALLOON                                   0                 0                                 0      90                        625           44.75     NO-PREPAY                                                       0           0           0               0
     1103619962       2-4FAMILY                         4     OO        PURCHASE              N                              7.75                 7.75              511120             511119.98               2/1/2007              1/1/2037                  3300.98      360      80     CA                   2/1/2007        N                 639000                   1          3            3300.98                                                                               92374          12/20/2006              2      PA1605EI_ARM-INTONLY                             0            638900                            127780     100                        677           47.94     NO-PREPAY                                   1/1/2012            6           3           1               3
     1103620131       SFR                               1     OO        REFI                  Y                             9.875                9.875              215000             214537.51              11/1/2006             10/1/2021                  1866.95      180      25     CA                   2/1/2007        Y                 860000                   2          0            1866.95                                                                               92882          10/18/2006              1      TB0630_BALLOON                                   0                 0                                 0      95                        682           40.94     3YR                                                             0           0           0               0
     1103620139       2-4FAMILY                         4     OO        PURCHASE              N                             9.375                9.375              168000             167743.49              12/1/2006             11/1/2036                  1397.34      360      80     NH                   2/1/2007        N                 210000                   1          3            1397.34                                                                               03263          12/22/2006              2      PA1605E_ARM                                      0            210000                             42000     100                        644           48.79     NO-PREPAY                                  11/1/2011            6           3           1               3
     1103620148       SFR                               1     NOO       REFI                  Y                             5.875                5.875              324000             323004.15              12/1/2006             11/1/2036                  1916.58      360   56.35     CA                   2/1/2007        N                 575000                   1          0            1916.58                                                                               94044          12/20/2006             17      PF0630_FIXEDRATE                                 0                 0                                 0   56.35                        738           51.95     3YR                                                             0           0           0               0
     1103620162       D-PUDS                            1     OO        PURCHASE              N                              6.75                 6.75              472500                472500              12/1/2006             11/1/2036                  2657.81      360      75     CA                   2/1/2007        N                 630000                   1          3            2657.81                                                                               92691           12/5/2006              2      PA0605EI_ARM-INTONLY                             0            630000                            157500     100                        746           48.76     3YR                                        11/1/2011            6           3           1               3
     1103620213       SFR                               1     NOO       REFI                  Y                              12.6                 12.6               27750              27728.95              12/1/2006             11/1/2021                   298.32      180      15     CO                   2/1/2007        Y                 185000                   2          0             298.32                                                                               80226          10/31/2006              2      TB0630_BALLOON                                   0                 0                                 0      90                        701           38.19     NO-PREPAY                                                       0           0           0               0
     1103620452       SFR                               1     OO        REFI                  Y                                13                   13               29000              28993.37              11/1/2006             10/1/2021                   314.17      180      10     NV                   2/1/2007        Y                 290000                   2          0             314.17                                                                               89081          10/30/2006              2      TB1630I_BALLOON-INTONLY                          0                 0                                 0      90                        654           39.58     3YR                                                             0           0           0               0
     1103620463       PUD                               1     NOO       REFI                  Y                             6.875                6.875              200000             199322.09              11/1/2006             10/1/2036                  1313.86      360      54     NC                   2/1/2007        N                 370370                   1          0            1313.86                                                                               27516          10/30/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      54                        765           29.17     NO-PREPAY                                                       0           0           0               0
     1103620555       SFR                               1     NOO       REFI                  Y                             8.375                8.375               59200              59051.28              11/1/2006             10/1/2036                   449.96      360      80     MD                   2/1/2007        N                  74000                   1          0             449.96                                                                               21223          10/30/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      80                        755           21.45     NO-PREPAY                                                       0           0           0               0
     1103620747       PUD                               1     NOO       PURCHASE              N                                 8                    8              115735             115341.53              10/1/2006              9/1/2036                   849.22      360      80     NC                   2/1/2007        N                 144669                   1          0             849.22                                                                               27560          12/22/2006              2      PF0630_FIXEDRATE                                 0            144669                                 0      80                        786           29.66     NO-PREPAY                                                       0           0           0               0
     1103620877       SFR                               1     OO        PURCHASE              N                             7.375                7.375              156000             148675.57              11/1/2006             10/1/2036                  1077.45      360      80     PA                   2/1/2007        N                 195000                   1          0            1077.45                                                                               19611           12/6/2006             12      SF1630_FIXEDRATE                                 0            195000                             29250      95                        709               0     NO-PREPAY                                                       0           0           0               0
     1103621086       SFR                               1     OO        REFI                  Y                              6.75                 6.75              275000             273802.78              10/1/2006              9/1/2036                  1783.64      360   79.72     CA                   2/1/2007        N                 345000                   1          0            1783.64                                                                               95632           12/6/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   79.72                        781          39.636     NO-PREPAY                                                       0           0           0               0
     1103621173       SFR                               1     NOO       REFI                  Y                             8.375                8.375               42000              41999.55              11/1/2006             10/1/2036                   293.13      360      80     MD                   2/1/2007        N                  52500                   1          0             293.13                                                                               21223          11/22/2006              2      BF0230I_FIX-INTONLY                              0                 0                                 0      80                        713           12.18     NO-PREPAY                                                       0           0           0               0
     1103621188       SFR                               1     OO        PURCHASE              N                             7.125                7.125               55920                 55920              10/1/2006              9/1/2036                   332.03      360      80     LA                   2/1/2007        N                  69900                   1          0             332.03                                                                               70544           12/6/2006              1      PF1630I_FIX-INTONLY                              0             69900                             13980     100                        654          44.409     NO-PREPAY                                                       0           0           0               0
     1103621202       SFR                               1     NOO       REFI                  N                               7.5                  7.5               63600                 63600              10/1/2006              9/1/2036                    397.5      360      80     PA                   2/1/2007        N                  79500                   1          0              397.5                                                                               15204           12/6/2006             16      PF1630I_FIX-INTONLY                              0                 0                                 0      80                        665          49.772     NO-PREPAY                                                       0           0           0               0
     1103621235       2-4FAMILY                         2     NOO       PURCHASE              N                              7.25                 7.25               86000                 86000              11/1/2006             10/1/2036                   519.58      360      80     NC                   2/1/2007        N                 107500                   1          0             519.58                                                                               28412          10/30/2006              2      PF0630I_FIX-INTONLY                              0            107500                                 0      80                        745           48.85     NO-PREPAY                                                       0           0           0               0
     1103621922       SFR                               1     OO        PURCHASE              N                             7.875                7.875              347200                347200              10/1/2006              9/1/2036                   2278.5      360      80     NV                   2/1/2007        N                 434000                   1          0             2278.5                                                                               89061          12/22/2006              2      PF2630I_FIX-INTONLY                              0            434000                             86800     100                        638           38.97     NO-PREPAY                                                       0           0           0               0
     1103622102       SFR                               1     NOO       PURCHASE              N                              11.6                 11.6               57000              56946.02              12/1/2006             11/1/2021                   568.82      180      15     CA                   2/1/2007        Y                 400000                   2          0             568.82                                                                               91744          11/14/2006              2      TB0630_BALLOON                                   0            380000                                 0      95                        787           41.51     5YR                                                             0           0           0               0
     1103622128       SFR                               1     OO        REFI                  Y                            13.225               13.225               60000              59960.45              12/1/2006             11/1/2021                   674.29      180      30     MD                   2/1/2007        Y                 200000                   2          0             674.29                                                                               21221           11/9/2006              2      TB2630_BALLOON                                   0                 0                                 0     100                        625           40.14     NO-PREPAY                                                       0           0           0               0
     1103622163       SFR                               1     OO        PURCHASE              N                            12.625               12.625               75000              74924.19              11/1/2006             10/1/2021                   807.72      180      20     CA                   2/1/2007        Y                 399000                   2          0             807.72                                                                               92583           11/2/2006              2      TB2630_BALLOON                                   0            375000                                 0     100                        624           37.76     3YR                                                             0           0           0               0
     1103622192       SFR                               1     OO        REFI                  Y                                12                   12               44000              43961.85              12/1/2006             11/1/2021                   452.59      180    9.17     CA                   2/1/2007        Y                 480000                   2          0             452.59                                                                               92562          11/15/2006              2      TB1630_BALLOON                                   0                 0                                 0   89.17                        646            39.8     NO-PREPAY                                                       0           0           0               0
     1103622203       SFR                               1     NOO       PURCHASE              N                              9.25                 9.25              118000                118000               1/1/2007             12/1/2036                   909.58      360      80     WA                   2/1/2007        N                 148000                   1        2.5             909.58                                                                               98370          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            147500                             22125      95                        681           32.22     NO-PREPAY                                  12/1/2011            6           3           1             2.5
     1103622220       SFR                               1     NOO       PURCHASE              N                              13.6                 13.6               22125              22116.13               1/1/2007             12/1/2021                   255.16      180      15     WA                   2/1/2007        Y                 148000                   2          0             255.16                                                                               98370          12/29/2006              2      TB0630_BALLOON                                   0            147500                                 0      95                        681              48     NO-PREPAY                                                       0           0           0               0
     1103622272       SFR                               1     NOO       PURCHASE              N                            12.125               12.125               41300              41265.16              12/1/2006             11/1/2021                    428.8      180      15     FL                   2/1/2007        Y                 276000                   2          0              428.8                                                                               33972          11/10/2006              2      TB0630_BALLOON                                   0            275400                                 0   89.64                        704           36.19     1YR                                                             0           0           0               0
     1103622302       SFR                               1     OO        REFI                  Y                             12.25                12.25               62200              62131.64              11/1/2006             10/1/2021                   651.79      180      10     NV                   2/1/2007        Y                 622000                   2          0             651.79                                                                               89502          10/24/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        668           37.28     3YR                                                             0           0           0               0
     1103622305       TOWNHOUSE                         1     NOO       PURCHASE              N                                12                   12               35800              35768.97              12/1/2006             11/1/2021                   368.24      180      20     MS                   2/1/2007        Y                 189900                   2          0             368.24                                                                               39507          10/30/2006              2      TB0630_BALLOON                                   0            179000                                 0      90                        786           38.16     NO-PREPAY                                                       0           0           0               0
     1103622330       CONDO                             1     OO        PURCHASE              N                             13.55                13.55               84000              83938.82              12/1/2006             11/1/2021                   965.46      180      30     NJ                   2/1/2007        Y                 285000                   2          0             965.46                                                                               07030           11/2/2006              2      TB2630_BALLOON                                   0            280000                                 0     100                        635           45.69     NO-PREPAY                                                       0           0           0               0
     1103622417       SFR                               1     NOO       PURCHASE              N                            11.975               11.975               44500              44474.26               1/1/2007             12/1/2021                   456.88      180      10     CA                   2/1/2007        Y                 455000                   2          0             456.88                                                                               90731          11/27/2006              2      TB0630_BALLOON                                   0            445000                                 0      90                        712           42.45     1YR                                                             0           0           0               0
     1103622448       SFR                               1     NOO       REFI                  Y                             8.375                8.375              147000                147000              12/1/2006             11/1/2036                  1025.94      360      70     CO                   2/1/2007        N                 210000                   1          3            1025.94                                                                               80234          12/21/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             52500      95                        669           42.48     NO-PREPAY                                  11/1/2011            6           3           1           8.375
     1103622449       SFR                               1     NOO       REFI                  Y                             13.85                13.85               52500              52469.98              12/1/2006             11/1/2021                   615.83      180      25     CO                   2/1/2007        Y                 210000                   2          0             615.83                                                                               80234          12/21/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        669           42.48     NO-PREPAY                                                       0           0           0               0
     1103622512       SFR                               1     NOO       PURCHASE              N                            12.475               12.475               37700              37670.57              12/1/2006             11/1/2021                   401.63      180      25     VA                   2/1/2007        Y                 160000                   2          0             401.63                                                                               24015           11/2/2006              2      TB0630_BALLOON                                   0            150800                                 0      95                        681           35.86     NO-PREPAY                                                       0           0           0               0
     1103622529       SFR                               1     OO        REFI                  Y                              6.75                 6.75              400000             399506.95              12/1/2006             11/1/2036                  2413.43      360   59.71     CA                   2/1/2007        Y                 670000                   1          3            2413.43                                                                               92024          11/30/2006              2      PL3605E_ARM-BALLOON                              0                 0                                 0   59.71                        609           44.61     2YR                                        11/1/2011            6           3           1               3
     1103622567       SFR                               1     OO        PURCHASE              N                             11.25                11.25               33500              33389.09              12/1/2006             11/1/2021                   325.37      180      10     FL                   2/1/2007        Y                 350000                   2          0             325.37                                                                               33319          10/23/2006              2      TB1630_BALLOON                                   0            335000                                 0      90                        668           39.92     3YR                                                             0           0           0               0
     1103622604       2-4FAMILY                         3     OO        PURCHASE              N                              12.6                 12.6              141000             140817.26              12/1/2006             11/1/2021                  1515.78      180      20     CA                   2/1/2007        Y                 705000                   2          0            1515.78                                                                               90602          11/10/2006              2      TB1630_BALLOON                                   0            705000                                 0     100                        672           48.39     3YR                                                             0           0           0               0
     1103622620       2-4FAMILY                         2     NOO       PURCHASE              N                               7.5                  7.5              107143             106875.58              12/1/2006             11/1/2036                   749.16      360   75.01     VA                   2/1/2007        N                 168000                   1          3             749.16                                                                               23502          11/28/2006              2      PA0605E_ARM                                      0            142857                             28571      95                        683           41.84     3YR                                        11/1/2011            6           3           1             7.5
     1103622621       2-4FAMILY                         2     NOO       PURCHASE              N                              12.3                 12.3               28571              28534.43              12/1/2006             11/1/2021                    300.5      180      20     VA                   2/1/2007        Y                 168000                   2          0              300.5                                                                               23502          11/28/2006              2      TB0630_BALLOON                                   0            142857                                 0      95                        683           41.84     3YR                                                             0           0           0               0
     1103622633       CONDO                             1     NOO       REFI                  Y                             12.75                12.75               40000              39970.65              12/1/2006             11/1/2021                   434.68      180      20     FL                   2/1/2007        Y                 200000                   2          0             434.68                                                                               33012           11/9/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        709           48.44     1YR                                                             0           0           0               0
     1103622810       CONDO                             1     2ND       PURCHASE              N                            13.525               13.525               52500              52467.66              12/1/2006             11/1/2021                   602.38      180      25     FL                   2/1/2007        Y                 210000                   2          0             602.38                                                                               34741           11/2/2006              2      TB2630_BALLOON                                   0            210000                                 0      95                        637           41.87     3YR                                                             0           0           0               0
     1103622858       SFR                               1     NOO       REFI                  N                               6.5                  6.5              112000             111796.95               1/1/2007             12/1/2036                   707.92      360   67.88     CA                   2/1/2007        N                 165000                   1          0             707.92                                                                               92243          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   67.88                        688           34.45     2YR                                                             0           0           0               0
     1103622866       SFR                               1     NOO       PURCHASE              N                             12.99                12.99               27500               27426.3             11/16/2006            10/16/2026                   321.99      240      25     SC                  1/16/2007        N                 110000                   2          0             321.99                                                                               29642           11/9/2006              2      TF0620_FIXEDRATE                                 0            110000                                 0      95                        689           38.35     NO-PREPAY                                                       0           0           0               0
     1103622877       D-PUDS                            1     OO        REFI                  Y                              12.5                 12.5               30600              30576.27              12/1/2006             11/1/2036                   326.58      360      10     AZ                   2/1/2007        N                 306000                   2          0             326.58                                                                               85323           11/1/2006              2      TF1630_FIXEDRATE                                 0                 0                                 0      90                        653           39.45     NO-PREPAY                                                       0           0           0               0
     1103622927       SFR                               1     NOO       PURCHASE              N                             7.625                7.625              252000                252000              12/1/2006             11/1/2036                  1601.25      360      80     CA                   2/1/2007        N                 385000                   1          3            1601.25                                                                               90706          11/21/2006              2      PA0605EI_ARM-INTONLY                             0            315000                             47250      95                        756           26.65     NO-PREPAY                                  11/1/2011            6           3           1               3
     1103622928       SFR                               1     NOO       PURCHASE              N                             12.25                12.25               47250              47211.24              12/1/2006             11/1/2021                   495.13      180      15     CA                   2/1/2007        Y                 385000                   2          0             495.13                                                                               90706          11/10/2006              2      TB0630_BALLOON                                   0            315000                                 0      95                        756              23     NO-PREPAY                                                       0           0           0               0
     1103623038       SFR                               1     OO        REFI                  Y                              12.5                 12.5               57500              56871.56              12/1/2006             11/1/2021                   613.67      180      10     CA                   2/1/2007        Y                 575000                   2          0             613.67                                                                               91331          10/30/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        652           39.27     3YR                                                             0           0           0               0
     1103623102       2-4FAMILY                         2     NOO       PURCHASE              N                              13.8                 13.8               37500                 37416              12/1/2006             11/1/2021                    438.4      180      25     FL                   2/1/2007        Y                 150600                   2          0              438.4                                                                               34476           11/8/2006              2      TB1630_BALLOON                                   0            150000                                 0      95                        677           29.31     1YR                                                             0           0           0               0
     1103623219       D-PUDS                            1     OO        PURCHASE              N                            13.275               13.275               79380              79328.25              12/1/2006             11/1/2021                    895.2      180      20     MO                   2/1/2007        Y                 405000                   2          0              895.2                                                                               64139           11/9/2006              2      TB2630_BALLOON                                   0            396900                                 0     100                        630           44.78     NO-PREPAY                                                       0           0           0               0
     1103623222       SFR                               1     OO        PURCHASE              N                             12.25                12.25              111800             111708.29              12/1/2006             11/1/2021                  1171.55      180      20     WA                   2/1/2007        Y                 560000                   2          0            1171.55                                                                               98126           11/2/2006              2      TB1630_BALLOON                                   0            559000                                 0     100                        660           45.13     NO-PREPAY                                                       0           0           0               0
     1103623293       D-PUDS                            1     OO        PURCHASE              N                            12.875               12.875              117000             116916.56              12/1/2006             11/1/2021                  1282.83      180      20     AZ                   2/1/2007        Y                 595000                   2          0            1282.83                                                                               85255           11/7/2006              2      TB1630_BALLOON                                   0            585000                                 0     100                        650           38.41     NO-PREPAY                                                       0           0           0               0
     1103623297       SFR                               1     OO        PURCHASE              N                            11.875               11.875               61000              60945.64              12/1/2006             11/1/2021                   621.59      180      20     FL                   2/1/2007        Y                 305000                   2          0             621.59                                                                               33024           11/3/2006              2      TB1630_BALLOON                                   0            305000                                 0     100                        670           39.74     2YR                                                             0           0           0               0
     1103623305       SFR                               1     OO        REFI                  N                              5.75                 5.75              516000             513532.59              12/1/2006             11/1/2036                  3011.24      360   77.25     TN                   2/1/2007        N                 668000                   1          0            3011.24                                                                               37205           12/1/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   77.25                        788           21.77     5YR                                                             0           0           0               0
     1103623336       SFR                               1     NOO       PURCHASE              N                             6.875                6.875              127400                127400               2/1/2007              1/1/2037                    729.9      360   74.99     MS                   2/1/2007        N                 170000                   1          3              729.9                                                                               39503          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            169900                             25400   89.94                        709           36.98     NO-PREPAY                                   1/1/2012            6           3           1               3
     1103623600       PUD                               1     NOO       REFI                  Y                             12.99                12.99              165500             165384.97              12/1/2006             11/1/2021                  1829.47      180      25     MD                   2/1/2007        Y                 662000                   2          0            1829.47                                                                               21704           11/2/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        692           45.35     NO-PREPAY                                                       0           0           0               0
     1103623632       D-PUDS                            1     NOO       PURCHASE              N                             11.35                11.35              106250             106143.73              12/1/2006             11/1/2021                  1040.04      180      25     CA                   2/1/2007        Y                 440000                   2          0            1040.04                                                                               95425          10/27/2006              2      TB0630_BALLOON                                   0            425000                                 0      95                        748           43.79     3YR                                                             0           0           0               0
     1103623674       SFR                               1     OO        REFI                  Y                            12.625               12.625              183700             183561.42              12/1/2006             11/1/2021                  1978.39      180   24.34     CA                   2/1/2007        Y                 755000                   2          0            1978.39                                                                               95124          11/10/2006              2      TB2630_BALLOON                                   0                 0                                 0   99.34                        630           42.96     3YR                                                             0           0           0               0
     1103623692       CONDO                             1     NOO       PURCHASE              N                              12.5                 12.5               41725              41703.54               1/1/2007             12/1/2021                   445.31      180      25     FL                   2/1/2007        Y                 173000                   2          0             445.31                                                                               33810          12/26/2006              2      TB0630_BALLOON                                   0            166900                                 0      95                        798              44     1YR                                                             0           0           0               0
     1103623733       D-PUDS                            1     OO        PURCHASE              N                             6.625                6.625              253000                253000               1/1/2007             12/1/2036                  1396.77      360   74.99     AZ                   2/1/2007        N                 345000                   1          3            1396.77                                                                               85323          12/15/2006              2      PA0605EI_ARM-INTONLY                             0            337389                             84300   99.98                        684           45.57     3YR                                        12/1/2011            6           3           1               3
     1103623771       CONDO                             1     NOO       REFI                  N                              5.75                 5.75              227000                227000               1/1/2007             12/1/2036                  1087.71      360   67.77     CA                   2/1/2007        N                 335000                   1          3            1087.71                                                                               91941          11/30/2006              2      PA0603EI_ARM-INTONLY                             0                 0                             74000   89.86                        759           35.49     3YR                                        12/1/2009            6           3           1               3
     1103623807       D-PUDS                            1     NOO       PURCHASE              N                             12.99                12.99               68750              68702.21              12/1/2006             11/1/2021                   759.98      180      25     AZ                   2/1/2007        Y                 276000                   2          0             759.98                                                                               85323           11/9/2006              2      TB1630_BALLOON                                   0            275000                                 0      95                        665           38.24     3YR                                                             0           0           0               0
     1103623883       SFR                               1     OO        REFI                  N                             5.875                5.875              580000                580000              12/1/2006             11/1/2036                  2839.58      360   68.24     CA                   2/1/2007        N                 850000                   1          0            2839.58                                                                               94531          11/17/2006              1      PF0630I_FIX-INTONLY                              0                 0                                 0   68.24                        778           36.83     NO-PREPAY                                                       0           0           0               0
     1103623895       CONDO                             1     OO        PURCHASE              N                            12.975               12.975               35000              34983.81               1/1/2007             12/1/2021                   386.49      180      20     FL                   2/1/2007        Y                 175000                   2          0             386.49                                                                               33313          11/16/2006              2      TB2630_BALLOON                                   0            175000                                 0     100                        636           40.59     3YR                                                             0           0           0               0
     1103623896       SFR                               1     OO        PURCHASE              N                              5.99                 5.99              446900             446006.29               1/1/2007             12/1/2036                  2676.52      360      80     CA                   2/1/2007        N                 565000                   1          3            2676.52                                                                               92374          11/30/2006              2      PA1605E_ARM                                      0            558664                             55800   89.99                        678            45.1     1YR                                        12/1/2011            6           3           1               3
     1103623918       SFR                               1     OO        REFI                  Y                                12                   12               20000                 20000              12/1/2006             11/1/2021                      200      180       8     CA                   2/1/2007        Y                 250000                   2          0                200                                                                               93555          10/27/2006              2      TB1630I_BALLOON-INTONLY                          0                 0                                 0      88                        679           36.16     3YR                                                             0           0           0               0
     1103623958       SFR                               1     OO        PURCHASE              N                             7.125                7.125              304000                304000              12/1/2006             11/1/2036                     1805      360      80     CA                   2/1/2007        N                 390000                   1        3.5               1805                                                                               92407          11/27/2006              2      PA1605EI_ARM-INTONLY                             0            380000                             76000     100                        652           43.23     3YR                                        11/1/2011            6           3           1             3.5
     1103623967       D-PUDS                            1     OO        REFI                  N                             6.375                6.375              468000                468000               1/1/2007             12/1/2036                  2486.25      360   74.65     CA                   2/1/2007        N                 627000                   1          3            2486.25                                                                               91915          11/30/2006              7      SA1607EI_ARM-INTONLY                             0                 0                             90000      89                        687               0     NO-PREPAY                                  12/1/2013            6           3           1               3
     1103624006       D-PUDS                            1     OO        REFI                  Y                              5.75                 5.75              705000                705000              12/1/2006             11/1/2036                  3378.13      360      60     CA                   2/1/2007        N                1175000                   1          0            3378.13                                                                               92833          11/13/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0      60                        777              40     3YR                                                             0           0           0               0
     1103624018       SFR                               1     OO        REFI                  Y                              5.75                 5.75              500000                500000               1/1/2007             12/1/2036                  2395.83      360   58.83     CA                   2/1/2007        N                 850000                   1       3.25            2395.83                                                                               92110            1/3/2007              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   58.83                        684           42.24     2YR                                        12/1/2011            6           3           1            3.25
     1103624031       D-PUDS                            1     OO        PURCHASE              N                             7.125                7.125              664150                664150               1/1/2007             12/1/2036                  3943.39      360      80     CA                   2/1/2007        N                 831000                   1          3            3943.39                                                                               92009          12/22/2006              2      PA0605EI_ARM-INTONLY                             0            830233                            166000   99.99                        693           47.77     1YR                                        12/1/2011            6           3           1               3
     1103624034       SFR                               1     OO        PURCHASE              N                            12.975               12.975               57000              56960.25              12/1/2006             11/1/2021                   629.42      180      20     FL                   2/1/2007        Y                 310000                   2          0             629.42                                                                               33063           11/1/2006              2      TB2630_BALLOON                                   0            285000                                 0     100                        622              42     3YR                                                             0           0           0               0
     1103624055       D-PUDS                            1     NOO       PURCHASE              N                               7.5                  7.5              284000                284000              12/1/2006             11/1/2036                     1775      360      80     CA                   2/1/2007        N                 355000                   1          3               1775                                                                               91384            1/3/2007              2      PA0605EI_ARM-INTONLY                             0            355000                             53250      95                        706           40.42     3YR                                        11/1/2011            6           3           1               3
     1103624115       SFR                               1     OO        PURCHASE              N                             11.99                11.99              100000              99913.12              12/1/2006             11/1/2021                  1027.84      180      25     CA                   2/1/2007        Y                 400000                   2          0            1027.84                                                                               91010          11/17/2006              2      TB1630_BALLOON                                   0            400000                                 0     100                        649            43.3     3YR                                                             0           0           0               0
     1103624200       CONDO                             1     NOO       PURCHASE              N                                14                   14               41250               41227.2              12/1/2006             11/1/2021                   488.76      180      15     FL                   2/1/2007        Y                 275000                   2          0             488.76                                                                               33183          11/15/2006              2      TB1630_BALLOON                                   0            275000                                 0      90                        676           28.62     1YR                                                             0           0           0               0
     1103624250       SFR                               1     NOO       PURCHASE              N                            11.675               11.675               52500              52451.08              12/1/2006             11/1/2021                   526.93      180      25     MD                   2/1/2007        Y                 230000                   2          0             526.93                                                                               21207           11/9/2006              2      TB0630_BALLOON                                   0            210000                                 0      95                        690           32.22     NO-PREPAY                                                       0           0           0               0
     1103624323       SFR                               1     OO        REFI                  Y                              12.5                 12.5               90000              89930.16              12/1/2006             11/1/2021                   960.54      180      30     CA                   2/1/2007        Y                 300000                   2          0             960.54                                                                               93560          11/16/2006              2      TB2630_BALLOON                                   0                 0                                 0     100                        638           41.79     3YR                                                             0           0           0               0
     1103624327       SFR                               1     OO        REFI                  Y                              12.9                 12.9               89000              88936.87              12/1/2006             11/1/2021                   977.57      180      20     FL                   2/1/2007        Y                 445000                   2          0             977.57                                                                               33196          11/10/2006              2      TB2630_BALLOON                                   0                 0                                 0      95                        631           42.46     NO-PREPAY                                                       0           0           0               0
     1103624329       SFR                               1     OO        PURCHASE              N                              13.5                 13.5               87980              87925.53              12/1/2006             11/1/2021                  1007.73      180      20     NJ                   2/1/2007        Y                 440000                   2          0            1007.73                                                                               08721           11/6/2006              2      TB1630_BALLOON                                   0            439900                                 0     100                        640           49.77     NO-PREPAY                                                       0           0           0               0
     1103624510       SFR                               1     NOO       PURCHASE              N                            13.575               13.575               22200               22186.5              12/1/2006             11/1/2021                   255.59      180      15     FL                   2/1/2007        Y                 148000                   2          0             255.59                                                                               32211          11/10/2006              2      TB1630_BALLOON                                   0            148000                                 0      95                        648           29.78     3YR                                                             0           0           0               0
     1103624624       SFR                               1     OO        REFI                  N                             5.625                5.625              567200                567200               1/1/2007             12/1/2036                  2658.75      360   79.89     CA                   2/1/2007        N                 710000                   1          3            2658.75                                                                               91304          12/20/2006              8      SA1605EI_ARM-INTONLY                             0                 0                                 0   79.89                        732               0     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103624640       SFR                               1     OO        REFI                  Y                              6.99                 6.99              451000                451000               1/1/2007             12/1/2036                  2627.08      360   79.97     CA                   2/1/2007        N                 564000                   1          3            2627.08                                                                               91765          11/30/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0   79.97                        641           46.68     1YR                                        12/1/2011            6           3           1               3
     1103624676       SFR                               1     NOO       PURCHASE              N                             6.625                6.625             1495000               1495000              12/1/2006             11/1/2036                  8253.65      360      65     CA                   2/1/2007        N                2300000                   1          3            8253.65                                                                               91789          12/14/2006              2      PA0605EI_ARM-INTONLY                             0           2600000                            225000   74.79                        742           35.19     3YR                                        11/1/2011            6           3           1               3
     1103624683       SFR                               1     NOO       REFI                  Y                              13.3                 13.3               63000              62492.49              12/1/2006             11/1/2021                   711.71      180      20     CA                   2/1/2007        Y                 315000                   2          0             711.71                                                                               92240          10/30/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        644           28.99     3YR                                                             0           0           0               0
     1103624697       SFR                               1     OO        PURCHASE              N                            11.975               11.975              117600             117497.46              12/1/2006             11/1/2021                  1207.39      180      20     CA                   2/1/2007        Y                 590000                   2          0            1207.39                                                                               91792           11/8/2006              2      TB1630_BALLOON                                   0            588000                                 0     100                        654           40.86     3YR                                                             0           0           0               0
     1103624732       SFR                               1     NOO       PURCHASE              N                             6.875                6.875              183750                183750              12/1/2006             11/1/2036                  1052.73      360      70     MN                   2/1/2007        N                 270000                   1          3            1052.73                                                                               55398          11/28/2006              2      PA1605EI_ARM-INTONLY                             0            262500                             65625      95                        656           41.39     3YR                                        11/1/2011            6           3           1           6.875
     1103624739       CONDO                             1     NOO       PURCHASE              N                               6.5                  6.5              243600                243600              12/1/2006             11/1/2036                   1319.5      360      70     MN                   2/1/2007        N                 348000                   1          3             1319.5                                                                               55330          11/28/2006              2      PA0605EI_ARM-INTONLY                             0            348000                             87000      95                        686           40.72     3YR                                        11/1/2011            6           3           1             6.5
     1103624740       CONDO                             1     NOO       PURCHASE              N                              13.1                 13.1               87000              86941.01              12/1/2006             11/1/2021                    969.2      180      25     MN                   2/1/2007        Y                 348000                   2          0              969.2                                                                               55330          11/28/2006              2      TB0630_BALLOON                                   0            348000                                 0      95                        686           40.72     NO-PREPAY                                                       0           0           0               0
     1103624792       SFR                               1     OO        REFI                  N                               6.5                  6.5              543750             543724.17              12/1/2006             11/1/2036                  2945.31      360      75     CA                   2/1/2007        N                 725000                   1       2.25            2945.31                                                                               94015           12/6/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            143000   94.73                        685           42.19     NO-PREPAY                                  11/1/2011            6           3           1            2.25
     1103624821       SFR                               1     OO        PURCHASE              N                             5.875                5.875              416000                416000               1/1/2007             12/1/2036                  2036.67      360      80     CA                   2/1/2007        N                 520000                   1          3            2036.67                                                                               90043          11/20/2006              1      PA1605EI_ARM-INTONLY                             0            520000                            104000     100                        673           37.19     3YR                                        12/1/2011            6           3           1               3
     1103624899       SFR                               1     OO        REFI                  Y                            12.525               12.525               27000              26931.22              12/1/2006             11/1/2021                   288.68      180    4.91     CA                   2/1/2007        Y                 550000                   2          0             288.68                                                                               90604          11/17/2006              2      TB2630_BALLOON                                   0                 0                                 0   84.91                        635           44.49     3YR                                                             0           0           0               0
     1103624908       SFR                               1     OO        PURCHASE              N                             6.875                6.875              359920                359920               1/1/2007             12/1/2036                  2062.04      360      80     CA                   2/1/2007        N                 500000                   1          3            2062.04                                                                               91722          12/14/2006              2      PA1605EI_ARM-INTONLY                             0            449900                             89980     100                        674           43.65     2YR                                        12/1/2011            6           3           1               3
     1103624910       SFR                               1     OO        PURCHASE              N                            11.875               11.875               89980               89926.8               1/1/2007             12/1/2021                    916.9      180      20     CA                   2/1/2007        Y                 500000                   2          0              916.9                                                                               91722          12/14/2006              2      TB1630_BALLOON                                   0            449900                                 0     100                        674           43.65     2YR                                                             0           0           0               0
     1103625029       SFR                               1     NOO       REFI                  N                             6.375                6.375              409500                409500               1/1/2007             12/1/2036                  2175.47      360      70     CA                   2/1/2007        N                 585000                   1        2.5            2175.47                                                                               92563          11/27/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            146250      95                        688              24     1YR                                        12/1/2011            6           3           1             2.5
     1103625032       SFR                               1     NOO       REFI                  Y                            12.925               12.925              146250              146181.6               1/1/2007             12/1/2021                  1609.25      180      25     CA                   2/1/2007        Y                 585000                   2          0            1609.25                                                                               92563          11/27/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        688           24.35     1YR                                                             0           0           0               0
     1103625121       SFR                               1     OO        REFI                  Y                            12.125               12.125              106250             106160.42              12/1/2006             11/1/2021                  1103.13      180      25     CA                   2/1/2007        Y                 425000                   2          0            1103.13                                                                               92571           11/6/2006              2      TB1630_BALLOON                                   0                 0                                 0     100                        664           44.23     1YR                                                             0           0           0               0
     1103625144       SFR                               1     OO        PURCHASE              N                              12.5                 12.5               68000              67872.97              12/1/2006             11/1/2021                   725.74      180      20     CA                   2/1/2007        Y                 364500                   2          0             725.74                                                                               92582          11/17/2006              2      TB1630_BALLOON                                   0            340000                                 0     100                        662           45.86     1YR                                                             0           0           0               0
     1103625158       CONDO                             1     OO        PURCHASE              N                             7.875                7.875              311200                311200              12/1/2006             11/1/2036                  2042.25      360      80     CA                   2/1/2007        N                 389000                   1          3            2042.25                                                                               92109          11/30/2006              2      PA1605EI_ARM-INTONLY                             0            389000                             77800     100                        670           49.04     3YR                                        11/1/2011            6           3           1               3
     1103625159       CONDO                             1     OO        PURCHASE              N                            12.625               12.625               77800              77741.31              12/1/2006             11/1/2021                   837.88      180      20     CA                   2/1/2007        Y                 389000                   2          0             837.88                                                                               92109          11/30/2006              2      TB1630_BALLOON                                   0            389000                                 0     100                        670           49.04     NO-PREPAY                                                       0           0           0               0
     1103625169       SFR                               1     OO        PURCHASE              N                            12.125               12.125               83800              83728.38              12/1/2006             11/1/2021                   870.05      180      20     CA                   2/1/2007        Y                 445000                   2          0             870.05                                                                               92582          11/17/2006              2      TB1630_BALLOON                                   0            419000                                 0     100                        667           42.42     NO-PREPAY                                                       0           0           0               0
     1103625174       2-4FAMILY                         2     NOO       PURCHASE              N                               6.5                  6.5              210000                210000              12/1/2006             11/1/2036                   1137.5      360      75     MS                   2/1/2007        N                 280000                   1          3             1137.5                                                                               39507          11/21/2006              2      PA0605EI_ARM-INTONLY                             0            280000                             56000      95                        704           35.73     NO-PREPAY                                  11/1/2011            6           3           1               3
     1103625175       2-4FAMILY                         2     NOO       PURCHASE              N                             12.75                12.75               56000              55958.92              12/1/2006             11/1/2021                   608.55      180      20     MS                   2/1/2007        Y                 280000                   2          0             608.55                                                                               39507          11/21/2006              2      TB0630_BALLOON                                   0            280000                                 0      95                        704           35.73     NO-PREPAY                                                       0           0           0               0
     1103625259       2-4FAMILY                         2     NOO       PURCHASE              N                             12.25                12.25               27900              27877.13              12/1/2006             11/1/2021                   292.36      180      10     MS                   2/1/2007        Y                 280000                   2          0             292.36                                                                               39507          11/10/2006              2      TB0630_BALLOON                                   0            279000                                 0   84.99                        732           48.98     NO-PREPAY                                                       0           0           0               0
     1103625280       SFR                               1     OO        PURCHASE              N                             7.875                7.875              336000                336000               1/1/2007             12/1/2036                     2205      360      80     NJ                   2/1/2007        N                 430000                   1          3               2205                                                                               07110          11/28/2006              2      PA1605EI_ARM-INTONLY                             0            420000                             84000     100                        646           44.38     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103625295       SFR                               1     OO        PURCHASE              N                            11.725               11.725               43000               42960.4              12/1/2006             11/1/2021                   433.22      180      20     CA                   2/1/2007        Y                 220000                   2          0             433.22                                                                               93307           11/7/2006              2      TB1630_BALLOON                                   0            215000                                 0     100                        667           35.49     2YR                                                             0           0           0               0
     1103625326       SFR                               1     OO        REFI                  N                               5.5                  5.5              505000                505000              12/1/2006             11/1/2036                  2314.58      360   70.63     CA                   2/1/2007        N                 715000                   1          3            2314.58                                                                               94536           12/7/2006              1      PA0603EI_ARM-INTONLY                             0                 0                                 0   70.63                        816           42.99     NO-PREPAY                                  11/1/2009            6           3           1               3
     1103625342       2-4FAMILY                         4     OO        PURCHASE              N                             12.35                12.35              249000             248800.28              12/1/2006             11/1/2021                  2628.52      180      30     CA                   2/1/2007        Y                 835000                   2          0            2628.52                                                                               90302          11/13/2006              2      TB1630_BALLOON                                   0            830000                                 0     100                        661           40.15     3YR                                                             0           0           0               0
     1103625621       D-PUDS                            1     OO        REFI                  N                             5.875                5.875              555000                555000               1/1/2007             12/1/2036                  2717.19      360   39.65     CA                   2/1/2007        N                1400000                   1          3            2717.19                                                                               92679          12/26/2006              1      PA0603EI_ARM-INTONLY                             0                 0                                 0   39.65                        780           52.13     NO-PREPAY                                  12/1/2009            6           3           1               3
     1103625657       SFR                               1     OO        REFI                  Y                               5.5                  5.5              102000             100855.79              12/1/2006             11/1/2021                   833.43      180   69.87     IN                   2/1/2007        N                 146000                   1          0             833.43                                                                               46524          12/14/2006             17      PF0615_FIXEDRATE                                 0                 0                                 0   69.87                        735           22.53     NO-PREPAY                                                       0           0           0               0
     1103625682       SFR                               1     NOO       REFI                  Y                             7.375                7.375              200000             199847.82               2/1/2007              1/1/2037                  1381.35      360   67.34     CA                   2/1/2007        N                 297000                   1          3            1381.35                                                                               92392            1/3/2007              1      PA3605E_ARM                                      0                 0                                 0   67.34                        607              44     1YR                                         1/1/2012            6           3           1               3
     1103625686       D-PUDS                            1     OO        REFI                  N                              5.75                 5.75              532000             530886.46               1/1/2007             12/1/2036                  3104.61      360   39.86     CA                   2/1/2007        N                1335000                   1          3            3104.61                                                                               95138           12/8/2006              1      PA0605E_ARM                                      0                 0                                 0   39.86                        785           41.07     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103625693       SFR                               1     OO        REFI                  N                             11.65                11.65               47500              47455.52              12/1/2006             11/1/2021                   475.83      180      10     CA                   2/1/2007        Y                 475000                   2          0             475.83                                                                               92139           11/8/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        678           39.75     3YR                                                             0           0           0               0
     1103625712       SFR                               1     OO        PURCHASE              N                            11.875               11.875               81200              81127.63              12/1/2006             11/1/2021                   827.43      180      20     CA                   2/1/2007        Y                 406000                   2          0             827.43                                                                               92582          11/20/2006              2      TB1630_BALLOON                                   0            406000                                 0     100                        663           40.81     NO-PREPAY                                                       0           0           0               0
     1103625731       SFR                               1     NOO       REFI                  Y                             12.75                12.75               63000                 63000              12/1/2006             11/1/2021                   669.38      180      15     CA                   2/1/2007        Y                 420000                   2          0             669.38                                                                               94806          11/14/2006              2      TB0630I_BALLOON-INTONLY                          0                 0                                 0      95                        712           28.67     1YR                                                             0           0           0               0
     1103625789       TOWNHOUSE                         1     NOO       PURCHASE              N                            12.475               12.475               45000              44964.87              12/1/2006             11/1/2021                    479.4      180      25     DC                   2/1/2007        Y                 206000                   2          0              479.4                                                                               20010          11/16/2006              1      TB1630_BALLOON                                   0            180000                                 0      95                        663           27.88     NO-PREPAY                                                       0           0           0               0
     1103625798       PUD                               1     NOO       PURCHASE              N                            12.525               12.525               90000              89930.57              12/1/2006             11/1/2021                   962.28      180      25     MD                   2/1/2007        Y                 360000                   2          0             962.28                                                                               20866          11/28/2006              2      TB1630_BALLOON                                   0            360000                                 0      95                        660           44.38     NO-PREPAY                                                       0           0           0               0
     1103625825       SFR                               1     NOO       PURCHASE              N                             7.375                7.375              140600                140600               1/1/2007             12/1/2036                    864.1      360   69.99     TX                   2/1/2007        N                 204500                   1          3              864.1                                                                               76087          12/19/2006              2      PA0603EI_ARM-INTONLY                             0            200890                             50200   94.98                        778           26.21     NO-PREPAY                                  12/1/2009            6           3           1               3
     1103625837       2-4FAMILY                         2     NOO       PURCHASE              N                              7.63                 7.63              147000                147000               1/1/2007             12/1/2036                   934.68      360      70     NJ                   2/1/2007        N                 210000                   1       6.63             934.68                                                                               08618          11/28/2006              2      PA1605EI_ARM-INTONLY                             0            210000                             52500      95                        667           49.84     NO-PREPAY                                  12/1/2011            6           3           1            7.63
     1103625842       CONDO                             1     NOO       REFI                  Y                             12.75                12.75               38000               37972.1              12/1/2006             11/1/2021                   412.95      180      25     MN                   2/1/2007        Y                 152000                   2          0             412.95                                                                               55316          11/16/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        699           42.07     NO-PREPAY                                                       0           0           0               0
     1103625845       2-4FAMILY                         2     NOO       PURCHASE              N                             13.44                13.44               52500              52478.14               1/1/2007             12/1/2021                   598.87      180      25     NJ                   2/1/2007        Y                 210000                   2          0             598.87                                                                               08618           12/7/2006              2      TB1630_BALLOON                                   0            210000                                 0      95                        667           49.84     NO-PREPAY                                                       0           0           0               0
     1103625864       2-4FAMILY                         4     OO        PURCHASE              N                             8.125                8.125              472000                472000              12/1/2006             11/1/2036                  3195.83      360      80     CA                   2/1/2007        N                 590000                   1          3            3195.83                                                                               92410          11/28/2006              2      PA0605EI_ARM-INTONLY                             0            590000                            118000     100                        693           44.21     1YR                                        11/1/2011            6           3           1               3
     1103625937       SFR                               1     OO        PURCHASE              N                            13.375               13.375               43000              42939.72              11/1/2006             10/1/2021                    488.3      180      20     FL                   2/1/2007        Y                 227000                   2          0              488.3                                                                               34952          11/15/2006              2      TB2630_BALLOON                                   0            215000                                 0     100                        629            46.5     NO-PREPAY                                                       0           0           0               0
     1103625938       SFR                               1     NOO       PURCHASE              N                            13.625               13.625               47950              47911.28              11/1/2006             10/1/2036                   553.94      360   20.01     NJ                   2/1/2007        N                 275000                   2          0             553.94                                                                               07734           11/1/2006              2      UF0330_FIXEDRATE                                 0            239700                                 0     100                        782           41.53     NO-PREPAY                                                       0           0           0               0
     1103625958       D-PUDS                            1     OO        REFI                  Y                             6.125                6.125              592000              590846.3               1/1/2007             12/1/2036                  3597.05      360   43.86     CA                   2/1/2007        N                1350000                   1       2.75            3597.05                                                                               91377          12/18/2006              1      PA0607E_ARM                                      0                 0                                 0   43.86                        770           37.09     NO-PREPAY                                  12/1/2013            6           3           1            2.75
     1103625995       SFR                               1     OO        PURCHASE              N                             6.625                6.625              356000                356000               1/1/2007             12/1/2036                  1965.42      360      80     CA                   2/1/2007        N                 445000                   1          3            1965.42                                                                               91790          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            445000                             89000     100                        816           46.33     2YR                                        12/1/2011            6           3           1               3
     1103625997       D-PUDS                            1     OO        PURCHASE              N                                 6                    6              240000             239924.81               1/1/2007             12/1/2036                     1200      360      80     CA                   2/1/2007        N                 310000                   1          3               1200                                                                               91730          11/28/2006              2      PA2605EI_ARM-INTONLY                             0            300000                             60000     100                        643           40.42     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103626019       SFR                               1     NOO       PURCHASE              N                            12.625               12.625               50200              50159.88               1/1/2007             12/1/2021                   540.64      180   24.99     TX                   2/1/2007        Y                 204500                   2          0             540.64                                                                               76087          12/19/2006              2      TB0630_BALLOON                                   0            200890                                 0   94.98                        778           26.21     NO-PREPAY                                                       0           0           0               0
     1103626046       HI-RISE                           1     2ND       PURCHASE              N                               6.5                  6.5              367400                367400               1/1/2007             12/1/2036                  1990.08      360      70     FL                   2/1/2007        N                 538500                   1          3            1990.08                                                                               32507          11/30/2006              2      PA0605EI_ARM-INTONLY                             0            524865                            104900   89.99                        714           36.82     3YR                                        12/1/2011            6           3           1               3
     1103626113       SFR                               1     OO        REFI                  N                             7.375                7.375              721600                721600              12/1/2006             11/1/2036                  4434.83      360      80     CA                   2/1/2007        N                 902000                   1          3            4434.83                                                                               94534          12/11/2006              2      PA1605EI_ARM-INTONLY                             0                 0                            135300      95                        653           41.67     3YR                                        11/1/2011            6           3           1               3
     1103626114       SFR                               1     OO        REFI                  N                            12.125               12.125              135300             135185.88              12/1/2006             11/1/2021                  1404.75      180      15     CA                   2/1/2007        Y                 902000                   2          0            1404.75                                                                               94534          12/11/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        653           41.67     NO-PREPAY                                                       0           0           0               0
     1103626160       SFR                               1     OO        REFI                  Y                            11.575               11.575              161000              160846.7              12/1/2006             11/1/2021                  1603.59      180      20     CA                   2/1/2007        Y                 805000                   2          0            1603.59                                                                               92867          11/15/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        642           44.85     3YR                                                             0           0           0               0
     1103626279       SFR                               1     NOO       REFI                  N                              6.25                 6.25              126000                126000               1/1/2007             12/1/2036                   656.25      360   54.79     FL                   2/1/2007        N                 230000                   1          3             656.25                                                                               34608          12/12/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0   54.79                        746            32.1     2YR                                        12/1/2011            6           3           1               3
     1103626343       SFR                               1     NOO       PURCHASE              N                               6.5                  6.5              247500                247500               2/1/2007              1/1/2037                  1340.63      360      75     CA                   2/1/2007        N                 332000                   1       2.75            1340.63                                                                               92105          12/22/2006              2      PA0605EI_ARM-INTONLY                             0            330000                             66000      95                        745           49.39     3YR                                         1/1/2012            6           3           1            2.75
     1103626369       SFR                               1     OO        PURCHASE              N                            12.125               12.125               85800              85727.66              12/1/2006             11/1/2021                   890.81      180      20     CA                   2/1/2007        Y                 429000                   2          0             890.81                                                                               91010          11/10/2006              2      TB1630_BALLOON                                   0            429000                                 0     100                        643           37.83     3YR                                                             0           0           0               0
     1103626390       CONDO                             1     OO        PURCHASE              N                             8.125                8.125              295200                295200              11/1/2006             10/1/2036                  1998.75      360      80     CA                   2/1/2007        N                 369000                   1       2.75            1998.75                                                                               90723           12/1/2006              2      PA2605EI_ARM-INTONLY                             0            369000                             73800     100                        635           29.67     3YR                                        10/1/2011            6           3           1           8.125
     1103626397       2-4FAMILY                         4     OO        PURCHASE              N                              7.75                 7.75              529200                529200              11/1/2006             10/1/2036                  3417.75      360      80     CA                   2/1/2007        N                 662000                   1       2.75            3417.75                                                                               90037           12/1/2006             17      PA0605EI_ARM-INTONLY                             0            661500                            132300     100                        731           49.76     3YR                                        10/1/2011            6           3           1            7.75
     1103626399       SFR                               1     OO        REFI                  Y                             9.875                9.875              464000                464000              11/1/2006             10/1/2036                  3818.33      360      80     CA                   2/1/2007        N                 580000                   1          7            3818.33                                                                               90650           12/1/2006              2      BA3202EI_ARM-INTONLY                             0                 0                                 0      80                        613           43.43     2YR                                        10/1/2008            6           3           1           9.875
     1103626400       SFR                               1     NOO       PURCHASE              N                             8.125                8.125              284000                284000              11/1/2006             10/1/2036                  1922.92      360      80     CA                   2/1/2007        N                 355000                   1       2.75            1922.92                                                                               92503           12/1/2006              8      SA0605EI_ARM-INTONLY                             0            355000                             53250      95                        729               0     3YR                                        10/1/2011            6           3           1           8.125
     1103626424       SFR                               1     OO        PURCHASE              N                               7.5                  7.5              412000                412000              11/1/2006             10/1/2036                     2575      360      80     CA                   2/1/2007        N                 515000                   1       2.75               2575                                                                               90606           12/1/2006              8      SA0605EI_ARM-INTONLY                             0            515000                            103000     100                        682               0     1YR                                        10/1/2011            6           3           1             7.5
     1103626428       SFR                               1     OO        PURCHASE              N                             7.375                7.375              480000                480000              11/1/2006             10/1/2036                     2950      360      80     CA                   2/1/2007        N                 600000                   1       2.75               2950                                                                               90680           12/1/2006              2      PA2605EI_ARM-INTONLY                             0            600000                            115000   99.17                        631           48.72     3YR                                        10/1/2011            6           3           1           7.375
     1103626436       PUD                               1     OO        PURCHASE              N                              6.75                 6.75              216000                216000              11/1/2006             10/1/2036                     1215      360      80     AZ                   2/1/2007        N                 270000                   1       2.75               1215                                                                               85757           12/1/2006             17      PA2605EI_ARM-INTONLY                             0            270000                                 0      80                        636           42.38     NO-PREPAY                                  10/1/2011            6           3           1            2.75
     1103626530       SFR                               1     OO        PURCHASE              N                             6.625                6.625              366000                366000              12/1/2006             11/1/2036                  2020.63      360      75     CA                   2/1/2007        N                 524000                   1          3            2020.63                                                                               92069          11/20/2006              2      PA1605EI_ARM-INTONLY                             0            488000                            122000     100                        661           47.79     2YR                                        11/1/2011            6           3           1               3
     1103626531       SFR                               1     OO        PURCHASE              N                             11.75                11.75              122000             121888.22              12/1/2006             11/1/2021                  1231.48      180      25     CA                   2/1/2007        Y                 524000                   2          0            1231.48                                                                               92069          11/20/2006              2      TB1630_BALLOON                                   0            488000                                 0     100                        661           47.79     2YR                                                             0           0           0               0
     1103626582       2-4FAMILY                         2     NOO       PURCHASE              N                              7.25                 7.25              268800                268300               1/1/2007             12/1/2036                     1624      360      70     NJ                   2/1/2007        N                 384000                   1       6.25               1624                                                                               07601          12/21/2006              2      PA0605EI_ARM-INTONLY                             0            384000                             96000      95                        787           22.76     NO-PREPAY                                  12/1/2011            6           3           1            7.25
     1103626583       2-4FAMILY                         2     NOO       PURCHASE              N                              12.5                 12.5               96000               94950.6               1/1/2007             12/1/2021                  1024.57      180      25     NJ                   2/1/2007        Y                 384000                   2          0            1024.57                                                                               07601          12/21/2006              2      TB0630_BALLOON                                   0            384000                                 0      95                        787           22.76     NO-PREPAY                                                       0           0           0               0
     1103626597       SFR                               1     NOO       REFI                  Y                              7.75                 7.75              151000                151000               1/1/2007             12/1/2036                   975.21      360   79.48     NJ                   2/1/2007        N                 190000                   1          3             975.21                                                                               08753          11/30/2006              1      PA0605EI_ARM-INTONLY                             0                 0                             20000      90                        716           48.42     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103626604       SFR                               1     OO        PURCHASE              N                              12.1                 12.1               71000              70939.81              12/1/2006             11/1/2021                   735.78      180      25     NV                   2/1/2007        Y                 284000                   2          0             735.78                                                                               89104          11/20/2006              2      TB1630_BALLOON                                   0            284000                                 0     100                        650           42.11     3YR                                                             0           0           0               0
     1103626621       CONDO                             1     NOO       PURCHASE              N                                14                   14               34500              34480.94              12/1/2006             11/1/2021                   408.78      180      15     NJ                   2/1/2007        Y                 244000                   2          0             408.78                                                                               08054           11/7/2006              2      TB1630_BALLOON                                   0            230000                                 0      95                        662           31.88     NO-PREPAY                                                       0           0           0               0
     1103626644       D-PUDS                            1     OO        PURCHASE              N                             10.99                10.99               89450              89353.21              12/1/2006             11/1/2021                   851.18      180   10.01     FL                   2/1/2007        Y                 895000                   2          0             851.18                                                                               33157           11/3/2006              2      TB1630_BALLOON                                   0            894450                                 0   90.05                        666            29.3     3YR                                                             0           0           0               0
     1103626647       SFR                               1     OO        REFI                  Y                             12.75                12.75               48400               48364.5              12/1/2006             11/1/2021                   525.96      180      20     NV                   2/1/2007        Y                 242000                   2          0             525.96                                                                               89107          11/17/2006              2      TB2630_BALLOON                                   0                 0                                 0      90                        628           48.71     3YR                                                             0           0           0               0
     1103626676       SFR                               1     OO        PURCHASE              N                            12.875               12.875               84000              83960.27               1/1/2007             12/1/2021                   921.01      180      20     NJ                   2/1/2007        Y                 430000                   2          0             921.01                                                                               07110          11/28/2006              2      TB1630_BALLOON                                   0            420000                                 0     100                        646           44.38     NO-PREPAY                                                       0           0           0               0
     1103626691       SFR                               1     NOO       REFI                  N                             6.875                6.875              126750                126750               2/1/2007              1/1/2037                   726.17      360      75     CA                   2/1/2007        N                 169000                   1          3             726.17                                                                               93728          12/29/2006              8      SA0605EI_ARM-INTONLY                             0                 0                             25350      90                        747               0     1YR                                         1/1/2012            6           3           1               3
     1103626750       SFR                               1     NOO       REFI                  Y                                13                   13              178000             177876.55              12/1/2006             11/1/2021                  1969.04      180      20     HI                   2/1/2007        Y                 890000                   2          0            1969.04                                                                               96753          11/10/2006              2      TB0630_BALLOON                                   0                 0                                 0      90                        681              12     NO-PREPAY                                                       0           0           0               0
     1103626965       SFR                               1     NOO       REFI                  N                               6.5                  6.5              219000                219000               1/1/2007             12/1/2036                  1186.25      360      73     CA                   2/1/2007        N                 300000                   1          3            1186.25                                                                               92404          11/29/2006              2      PA2605EI_ARM-INTONLY                             0                 0                                 0      73                        623           47.61     2YR                                        12/1/2011            6           3           1               3
     1103626981       SFR                               1     NOO       PURCHASE              N                              7.25                 7.25              236000                236000               1/1/2007             12/1/2036                  1425.83      360      80     CA                   2/1/2007        N                 300000                   1          3            1425.83                                                                               92405           12/8/2006              2      PA0605EI_ARM-INTONLY                             0            295000                             44250      95                        681           45.61     3YR                                        12/1/2011            6           3           1               3
     1103626983       SFR                               1     NOO       PURCHASE              N                              11.9                 11.9               44250              44223.97               1/1/2007             12/1/2021                   451.76      180      15     CA                   2/1/2007        Y                 300000                   2          0             451.76                                                                               92405           12/8/2006              2      TB0630_BALLOON                                   0            295000                                 0      95                        681           45.61     3YR                                                             0           0           0               0
     1103626998       D-PUDS                            1     OO        REFI                  N                            13.125               13.125               37500              37474.73              12/1/2006             11/1/2021                   418.49      180      10     FL                   2/1/2007        Y                 375000                   2          0             418.49                                                                               33534           11/9/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        653           36.17     NO-PREPAY                                                       0           0           0               0
     1103627010       2-4FAMILY                         2     NOO       PURCHASE              N                             7.375                7.375              210000                210000               1/1/2007             12/1/2036                  1290.63      360      70     NJ                   2/1/2007        N                 300000                   1          3            1290.63                                                                               07050           12/7/2006              2      PA0605EI_ARM-INTONLY                             0            300000                             75000      95                        729           49.48     NO-PREPAY                                  12/1/2011            6           3           1           7.375
     1103627013       SFR                               1     OO        REFI                  N                              11.5                 11.5               77500              77424.45              12/1/2006             11/1/2021                   767.48      180      10     MN                   2/1/2007        Y                 775000                   2          0             767.48                                                                               55129           11/3/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        670           37.62     NO-PREPAY                                                       0           0           0               0
     1103627018       SFR                               1     NOO       REFI                  Y                              11.6                 11.6               70000              69830.81              12/1/2006             11/1/2021                   698.55      180      25     FL                   2/1/2007        Y                 280000                   2          0             698.55                                                                               33024           11/9/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        724           49.17     3YR                                                             0           0           0               0
     1103627019       SFR                               1     OO        PURCHASE              N                               5.5                  5.5              175000                174600               1/1/2007             12/1/2036                   802.08      360   46.67     CA                   2/1/2007        N                 399000                   1          0             802.08                                                                               92582          12/22/2006             15      SF1630I_FIX-INTONLY                              0            375000                                 0   46.67                        673               0     1YR                                                             0           0           0               0
     1103627090       SFR                               1     OO        PURCHASE              N                             6.375                6.375              540000             537847.44               1/1/2007             12/1/2036                   3368.9      360      72     FL                   2/1/2007        N                 755000                   1          0             3368.9                                                                               33157          12/14/2006              2      PF0630_FIXEDRATE                                 0            750000                                 0      72                        680           29.39     NO-PREPAY                                                       0           0           0               0
     1103627120       CONDO                             1     NOO       PURCHASE              N                                 6                    6               91000                 91000              12/1/2006             11/1/2036                      455      360      70     MO                   2/1/2007        N                 137000                   1          3                455                                                                               63366          11/21/2006              2      PA0603EI_ARM-INTONLY                             0            130000                                 0      70                        746           43.11     3YR                                        11/1/2009            6           3           1               3
     1103627219       HI-RISE                           1     OO        REFI                  N                              5.75                 5.75              527000             525896.92               1/1/2007             12/1/2036                  3075.43      360   74.76     IL                   2/1/2007        N                 705000                   1          3            3075.43                                                                               60605          12/22/2006              2      PA0605E_ARM                                      0                 0                                 0   74.76                        720           44.66     1YR                                        12/1/2011            6           3           1               3
     1103627291       HI-RISE                           1     OO        PURCHASE              N                              6.75                 6.75              975000                975000               1/1/2007             12/1/2036                  5484.38      360      65     AL                   2/1/2007        N                1600000                   1          3            5484.38                                                                               36542           12/5/2006              1      PA0605EI_ARM-INTONLY                             0           1500000                            375000      90                        680           44.69     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103627352       SFR                               1     NOO       REFI                  Y                              8.25                 8.25               58800              58356.17              11/1/2006             10/1/2036                   441.74      360    78.4     MI                   2/1/2007        N                  75000                   1          0             441.74                                                                               48235           12/6/2006              8      XF1630_FIXEDRATE                                 0                 0                                 0    78.4                        699               0     NO-PREPAY                                                       0           0           0               0
     1103627353       SFR                               1     NOO       REFI                  Y                              7.75                 7.75               59200              59031.22              11/1/2006             10/1/2036                   424.12      360      80     MO                   2/1/2007        N                  74000                   1          0             424.12                                                                               63136           12/6/2006              1      XF1630_FIXEDRATE                                 0                 0                                 0      80                        642           47.41     NO-PREPAY                                                       0           0           0               0
     1103627354       SFR                               1     NOO       REFI                  Y                              7.75                 7.75               59200              59031.22              11/1/2006             10/1/2036                   424.12      360      80     MI                   2/1/2007        N                  74000                   1          0             424.12                                                                               48223           12/6/2006              1      XF1630_FIXEDRATE                                 0                 0                                 0      80                        675          18.198     NO-PREPAY                                                       0           0           0               0
     1103627375       SFR                               1     NOO       PURCHASE              N                             8.125                8.125               64500              64329.52              11/1/2006             10/1/2036                   478.91      360      75     MD                   2/1/2007        N                 112000                   1          0             478.91                                                                               21224           12/6/2006             12      XF1630_FIXEDRATE                                 0             86000                             12900      90                        784               0     NO-PREPAY                                                       0           0           0               0
     1103627385       SFR                               1     NOO       REFI                  Y                              8.25                 8.25               68800               68622.7              11/1/2006             10/1/2036                   516.87      360      80     SC                   2/1/2007        N                  86000                   1          0             516.87                                                                               29341           12/6/2006              8      XF2630_FIXEDRATE                                 0                 0                                 0      80                        642               0     NO-PREPAY                                                       0           0           0               0
     1103627405       SFR                               1     NOO       REFI                  N                              7.75                 7.75               77830              77608.15              11/1/2006             10/1/2036                   557.58      360   76.31     TX                   2/1/2007        N                 102000                   1          0             557.58                                                                               75146          12/22/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   76.31                        729           31.84     NO-PREPAY                                                       0           0           0               0
     1103627467       SFR                               1     NOO       REFI                  N                               7.5                  7.5              102400             102093.15              11/1/2006             10/1/2036                      716      360      80     TX                   2/1/2007        N                 128000                   1          0                716                                                                               77088           12/6/2006              1      PF1630_FIXEDRATE                                 0                 0                             12800      90                        680          37.838     NO-PREPAY                                                       0           0           0               0
     1103627469       SFR                               1     OO        REFI                  Y                             8.875                8.875              103200             101865.85              11/1/2006             10/1/2036                   821.11      360   79.39     SC                   2/1/2007        N                 130000                   1          0             821.11                                                                               29801           12/6/2006              8      SF3630_FIXEDRATE                                 0                 0                                 0   79.39                        619               0     NO-PREPAY                                                       0           0           0               0
     1103627472       SFR                               1     NOO       REFI                  N                              6.75                 6.75              103900             103539.16              11/1/2006             10/1/2036                   673.89      360   79.99     ND                   2/1/2007        N                 129900                   1          0             673.89                                                                               58201           12/6/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   79.99                        685          36.247     NO-PREPAY                                                       0           0           0               0
     1103627491       SFR                               1     OO        PURCHASE              N                             7.625                7.625              111920             111592.89              11/1/2006             10/1/2036                   792.16      360      80     NY                   2/1/2007        N                 144000                   1          0             792.16                                                                               13606           12/6/2006              2      PF0630_FIXEDRATE                                 0            139900                             27980     100                        701          44.616     NO-PREPAY                                                       0           0           0               0
     1103627514       SFR                               1     NOO       REFI                  Y                             8.125                8.125              120000             119682.79              11/1/2006             10/1/2036                      891      360      80     IL                   2/1/2007        N                 150000                   1          0                891                                                                               60636           12/6/2006             17      PF2630_FIXEDRATE                                 0                 0                                 0      80                        626           36.53     NO-PREPAY                                                       0           0           0               0
     1103627541       SFR                               1     OO        PURCHASE              N                             7.375                7.375              132000             131594.52              11/1/2006             10/1/2036                   911.69      360      80     GA                   2/1/2007        N                 165000                   1          0             911.69                                                                               30019           12/6/2006              2      PF1630_FIXEDRATE                                 0            165000                             33000     100                        659          18.851     NO-PREPAY                                                       0           0           0               0
     1103627567       SFR                               1     NOO       REFI                  Y                              8.25                 8.25              148000             147618.61              11/1/2006             10/1/2036                  1111.87      360      80     IL                   2/1/2007        N                 185000                   1          0            1111.87                                                                               60623           12/6/2006              8      SF2630_FIXEDRATE                                 0                 0                                 0      80                        679               0     NO-PREPAY                                                       0           0           0               0
     1103627633       SFR                               1     OO        REFI                  Y                             6.875                6.875              182000             181538.66              12/1/2006             11/1/2036                  1195.61      360    64.2     FL                   2/1/2007        N                 283500                   1          0            1195.61                                                                               32807          11/27/2006              2      PF1630_FIXEDRATE                                 0                 0                                 0    64.2                        673          39.478     3YR                                                             0           0           0               0
     1103627661       2-4FAMILY                         2     NOO       REFI                  N                             7.875                7.875              200000             199384.37              11/1/2006             10/1/2036                  1450.14      360      80     NH                   2/1/2007        N                 250000                   1          0            1450.14                                                                               03103           11/7/2006              2      PF1630_FIXEDRATE                                 0                 0                                 0      80                        661           29.49     NO-PREPAY                                                       0           0           0               0
     1103627697       SFR                               1     OO        REFI                  Y                                 7                    7              228000             227245.87              11/1/2006             10/1/2036                  1516.89      360      80     CA                   2/1/2007        N                 285000                   1          0            1516.89                                                                               95945           12/6/2006              2      PF1630_FIXEDRATE                                 0                 0                             28500      90                        650          34.184     NO-PREPAY                                                       0           0           0               0
     1103627716       SFR                               1     OO        REFI                  N                             6.875                6.875              238000             234396.71              10/1/2006              9/1/2036                  1563.49      360   63.64     FL                   2/1/2007        N                 374000                   1          0            1563.49                                                                               33993          12/22/2006              8      SF1630_FIXEDRATE                                 0                 0                                 0   63.64                        776               0     NO-PREPAY                                                       0           0           0               0
     1103627743       SFR                               1     OO        REFI                  N                             7.125                7.125              256000             255148.49              11/1/2006             10/1/2036                  1724.72      360   79.51     MA                   2/1/2007        N                 322000                   1          0            1724.72                                                                               02571           11/7/2006              2      PF1630_FIXEDRATE                                 0                 0                             32000   89.45                        656          44.429     NO-PREPAY                                                       0           0           0               0
     1103627777       SFR                               1     NOO       REFI                  Y                              7.25                 7.25              300000             299055.36              11/1/2006             10/1/2036                  2046.53      360      40     NJ                   2/1/2007        N                 750000                   1          0            2046.53                                                                               08701          12/22/2006              2      PF2630_FIXEDRATE                                 0                 0                                 0      40                        633           45.61     NO-PREPAY                                                       0           0           0               0
     1103627841       2-4FAMILY                         3     NOO       PURCHASE              N                              7.25                 7.25              441000             439611.39              11/1/2006             10/1/2036                   3008.4      360      70     IL                   2/1/2007        N                 670000                   1          0             3008.4                                                                               60647          12/22/2006              1      PF0630_FIXEDRATE                                 0            630000                                 0      70                        700           20.84     NO-PREPAY                                                       0           0           0               0
     1103627853       SFR                               1     NOO       REFI                  Y                                 8                    8               60000                 60000              11/1/2006             10/1/2036                      400      360      75     FL                   2/1/2007        N                  80000                   1          0                400                                                                               32209          12/22/2006              2      XF1630I_FIX-INTONLY                              0                 0                                 0      75                        650          44.161     3YR                                                             0           0           0               0
     1103627897       SFR                               1     NOO       REFI                  Y                              7.75                 7.75               92000                 92000              11/1/2006             10/1/2036                   594.17      360      80     TX                   2/1/2007        N                 115000                   1          0             594.17                                                                               75006           12/6/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0      80                        772          29.624     NO-PREPAY                                                       0           0           0               0
     1103627898       SFR                               1     NOO       REFI                  Y                             7.375                7.375               94000              93997.13              11/1/2006             10/1/2036                    577.7      360      80     MD                   2/1/2007        N                 117500                   1          0              577.7                                                                               21218           12/6/2006             17      PF0630I_FIX-INTONLY                              0                 0                                 0      80                        713          12.724     NO-PREPAY                                                       0           0           0               0
     1103627907       SFR                               1     OO        PURCHASE              N                             6.875                6.875               95160                 95160              11/1/2006             10/1/2036                   545.19      360      80     VA                   2/1/2007        N                 120000                   1          0             545.19                                                                               23223           12/6/2006              1      PF1630I_FIX-INTONLY                              0            118950                             23790     100                        660            39.8     3YR                                                             0           0           0               0
     1103628034       CONDO                             1     NOO       REFI                  N                             7.375                7.375              146000                146000              11/1/2006             10/1/2036                   897.29      360   78.92     DC                   2/1/2007        N                 185000                   1          0             897.29                                                                               20020           12/6/2006              1      PF1630I_FIX-INTONLY                              0                 0                                 0   78.92                        652           42.96     NO-PREPAY                                                       0           0           0               0
     1103628036       SFR                               1     OO        REFI                  Y                             7.625                7.625              147200                147200              11/1/2006             10/1/2036                   935.33      360      80     GA                   2/1/2007        N                 184000                   1          0             935.33                                                                               30045           12/6/2006              1      PF2630I_FIX-INTONLY                              0                 0                             36800     100                        633          32.071     NO-PREPAY                                                       0           0           0               0
     1103628059       CONDO                             1     OO        REFI                  Y                             7.375                7.375              156000                156000              12/1/2006             11/1/2036                   958.75      360      80     FL                   2/1/2007        N                 195000                   1          0             958.75                                                                               33174           12/6/2006             17      PF0630I_FIX-INTONLY                              0                 0                             19500      90                        701          30.329     NO-PREPAY                                                       0           0           0               0
     1103628090       SFR                               1     OO        REFI                  N                             6.875                6.875              168000                168000              11/1/2006             10/1/2036                    962.5      360      80     MN                   2/1/2007        N                 210000                   1          0              962.5                                                                               55350           12/6/2006              8      SF2630I_FIX-INTONLY                              0                 0                             42000     100                        662               0     3YR                                                             0           0           0               0
     1103628173       SFR                               1     OO        REFI                  Y                              7.75                 7.75              200000                200000              11/1/2006             10/1/2036                  1291.67      360      80     CT                   2/1/2007        N                 250000                   1          0            1291.67                                                                               06516           12/6/2006              2      PF1630I_FIX-INTONLY                              0                 0                             50000     100                        650          29.774     NO-PREPAY                                                       0           0           0               0
     1103628176       PUD                               1     OO        REFI                  Y                               7.5                  7.5              200000                200000              11/1/2006             10/1/2036                     1250      360      80     IL                   2/1/2007        N                 250000                   1          0               1250                                                                               60026           12/6/2006             12      XF2630I_FIX-INTONLY                              0                 0                                 0      80                        658               0     NO-PREPAY                                                       0           0           0               0
     1103628184       SFR                               1     NOO       REFI                  Y                              7.25                 7.25              201600                201600              11/1/2006             10/1/2036                     1218      360      80     FL                   2/1/2007        N                 252000                   1          0               1218                                                                               33936          12/22/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0      80                        713          23.896     NO-PREPAY                                                       0           0           0               0
     1103628206       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              212000                212000              11/1/2006             10/1/2036                   1192.5      360      80     IL                   2/1/2007        N                 265000                   1          0             1192.5                                                                               60629           12/6/2006              2      PF0630I_FIX-INTONLY                              0            265000                             53000     100                        707           40.76     NO-PREPAY                                                       0           0           0               0
     1103628216       SFR                               1     OO        PURCHASE              N                                 7                    7              216000                216000              12/1/2006             11/1/2036                     1260      360      80     NV                   2/1/2007        N                 270000                   1          0               1260                                                                               89506           12/6/2006              1      PF2630I_FIX-INTONLY                              0            270000                             40500      95                        638           41.85     NO-PREPAY                                                       0           0           0               0
     1103628279       CONDO                             1     NOO       REFI                  Y                              7.25                 7.25              240000                240000              11/1/2006             10/1/2036                     1450      360      80     MD                   2/1/2007        N                 300000                   1          0               1450                                                                               21144          12/22/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0      80                        722           48.77     NO-PREPAY                                                       0           0           0               0
     1103628316       PUD                               1     OO        PURCHASE              N                               7.5                  7.5              255200                255200              11/1/2006             10/1/2036                     1595      360      80     GA                   2/1/2007        N                 325500                   1          0               1595                                                                               31220           12/6/2006              8      SF1630I_FIX-INTONLY                              0            319000                             47850      95                        708               0     NO-PREPAY                                                       0           0           0               0
     1103628320       PUD                               1     2ND       PURCHASE              N                             7.625                7.625              257900                257900              11/1/2006             10/1/2036                  1638.74      360      80     FL                   2/1/2007        N                 345000                   1          0            1638.74                                                                               33897           12/6/2006             12      XF1630I_FIX-INTONLY                              0            322375                             48356      95                        787               0     NO-PREPAY                                                       0           0           0               0
     1103628435       SFR                               1     NOO       PURCHASE              N                             6.875                6.875              326800                326800              11/1/2006             10/1/2036                  1872.29      360      80     WA                   2/1/2007        N                 425000                   1          0            1872.29                                                                               98117          12/22/2006              2      PF0630I_FIX-INTONLY                              0            408500                                 0      80                        689           24.63     NO-PREPAY                                                       0           0           0               0
     1103628461       PUD                               1     OO        PURCHASE              N                               7.5                  7.5              347160                347160              11/1/2006             10/1/2036                  2169.75      360      80     WA                   2/1/2007        N                 434000                   1          0            2169.75                                                                               98092          12/22/2006              2      PF1630I_FIX-INTONLY                              0            433950                             86790     100                        677          40.442     NO-PREPAY                                                       0           0           0               0
     1103628467       2-4FAMILY                         4     NOO       PURCHASE              N                               7.5                  7.5              352000                352000              11/1/2006             10/1/2036                     2200      360      80     OR                   2/1/2007        N                 447500                   1          0               2200                                                                               97132           12/6/2006              8      SF1630I_FIX-INTONLY                              0            440000                                 0      80                        688               0     NO-PREPAY                                                       0           0           0               0
     1103628499       SFR                               1     NOO       REFI                  Y                               7.5                  7.5              400000                400000              11/1/2006             10/1/2036                     2500      360    63.5     CA                   2/1/2007        N                 630000                   1          0               2500                                                                               91745           12/6/2006              8      SF1630I_FIX-INTONLY                              0                 0                                 0    63.5                        727               0     NO-PREPAY                                                       0           0           0               0
     1103628532       SFR                               1     OO        REFI                  N                              7.75                 7.75              736000                736000              11/1/2006             10/1/2036                  4753.33      360   79.57     CA                   2/1/2007        N                 925000                   1          0            4753.33                                                                               94110           12/6/2006              2      PF2630I_FIX-INTONLY                              0                 0                             92000   89.52                        626          40.071     NO-PREPAY                                                       0           0           0               0
     1103628583       SFR                               1     NOO       PURCHASE              N                              13.5                 13.5               35640               35621.8               1/1/2007             12/1/2021                   408.23      180      20     CO                   2/1/2007        Y                 181000                   2          0             408.23                                                                               80013          11/20/2006              2      TB1630_BALLOON                                   0            178200                                 0      95                        677           40.59     NO-PREPAY                                                       0           0           0               0
     1103628592       SFR                               1     OO        REFI                  Y                              11.5                 11.5               45000              44713.95              12/1/2006             11/1/2021                   525.69      180      20     WA                   2/1/2007        N                 225000                   2          0             525.69                                                                               99206          11/29/2006              2      TF1615_FIXEDRATE                                 0                 0                                 0     100                        665           35.78     NO-PREPAY                                                       0           0           0               0
     1103628629       SFR                               1     OO        REFI                  Y                                 6                    6              400000             399201.61               1/1/2007             12/1/2036                   2398.2      360   54.06     CA                   2/1/2007        N                 740000                   1          0             2398.2                                                                               94044          12/18/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   54.06                        699            43.3     3YR                                                             0           0           0               0
     1103628658       D-PUDS                            1     OO        PURCHASE              N                            12.625               12.625              153000                153000              12/1/2006             11/1/2021                  1609.69      180      20     CA                   2/1/2007        Y                 765000                   2          0            1609.69                                                                               92154          11/16/2006              2      TB1630I_BALLOON-INTONLY                          0            765000                                 0     100                        654              40     2YR                                                             0           0           0               0
     1103628662       SFR                               1     OO        PURCHASE              N                            12.375               12.375              139250             139138.94              12/1/2006             11/1/2021                  1472.66      180      25     CA                   2/1/2007        Y                 560000                   2          0            1472.66                                                                               92173          11/15/2006              2      TB1630_BALLOON                                   0            557000                                 0     100                        658           38.08     2YR                                                             0           0           0               0
     1103628665       SFR                               1     OO        PURCHASE              N                            11.475               11.475               85000              84917.26              12/1/2006             11/1/2021                   840.13      180      20     CA                   2/1/2007        Y                 425000                   2          0             840.13                                                                               92376          11/16/2006              2      TB1630_BALLOON                                   0            425000                                 0     100                        666           47.92     3YR                                                             0           0           0               0
     1103628766       SFR                               1     OO        REFI                  Y                            11.625               11.625               25500              25475.98              12/1/2006             11/1/2021                   254.96      180      10     CA                   2/1/2007        Y                 255000                   2          0             254.96                                                                               95205           11/8/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        672              40     1YR                                                             0           0           0               0
     1103628787       CONDO                             1     OO        REFI                  Y                             6.625                6.625              192000                192000              11/1/2006             10/1/2036                     1060      360      80     IL                   2/1/2007        N                 240000                   1          5               1060                                                                               60118          11/17/2006              1      PA2603EI_ARM-INTONLY                             0                 0                             48000     100                        620           45.01     NO-PREPAY                                  10/1/2009            6           2           2           6.625
     1103628810       PUD                               1     OO        PURCHASE              N                             8.125                8.125              199108                199108              11/1/2006             10/1/2036                  1348.13      360      80     AZ                   2/1/2007        N                 260000                   1       2.25            1348.13                                                                               85339          11/29/2006             15      BA1205EI_ARM-INTONLY                             0            248886                             49778     100                        646               0     NO-PREPAY                                  10/1/2011        5.005           5           1            2.25
     1103628873       SFR                               1     NOO       REFI                  Y                              9.25                 9.25              209600             209474.38              12/1/2006             11/1/2036                  1657.22      360      80     CA                   2/1/2007        Y                 262000                   1        4.5            1657.22                                                                               93654          11/27/2006              2      PL3605E_ARM-BALLOON                              0                 0                                 0      80                        616           39.64     3YR                                        11/1/2011            6           3           1             4.5
     1103628924       SFR                               1     OO        REFI                  Y                             5.875                5.875              165000                165000               1/1/2007             12/1/2036                   807.81      360   23.41     CA                   2/1/2007        N                 705000                   1          3             807.81                                                                               92530          12/15/2006              1      PA0607EI_ARM-INTONLY                             0                 0                                 0   23.41                        722           40.49     3YR                                        12/1/2013            6           3           1               3
     1103628930       SFR                               1     OO        REFI                  N                              6.25                 6.25              464000                464000               1/1/2007             12/1/2036                  2416.67      360      80     CA                   2/1/2007        N                 580000                   1          3            2416.67                                                                               94590          12/12/2006              1      PA1607EI_ARM-INTONLY                             0                 0                             87000      95                        651              41     3YR                                        12/1/2013         6.25           3           1               3
     1103628996       SFR                               1     OO        PURCHASE              N                            12.475               12.475              166500             166370.13              12/1/2006             11/1/2021                  1773.75      180      30     FL                   2/1/2007        Y                 555000                   2          0            1773.75                                                                               33904          11/16/2006              2      TB1630_BALLOON                                   0            555000                                 0     100                        656           43.83     2YR                                                             0           0           0               0
     1103629015       SFR                               1     NOO       PURCHASE              N                            11.875               11.875               66000              65980.59               2/1/2007              1/1/2022                   672.54      180      20     CA                   2/1/2007        Y                 332000                   2          0             672.54                                                                               92105          12/22/2006              2      TB0630_BALLOON                                   0            330000                                 0      95                        745           49.39     3YR                                                             0           0           0               0
     1103629099       CONDO                             1     NOO       PURCHASE              N                             13.83                13.83               44850              44832.92               1/1/2007             12/1/2021                   525.39      180   19.98     FL                   2/1/2007        Y                 238000                   2          0             525.39                                                                               33176          11/20/2006              2      TB1630_BALLOON                                   0            224490                                 0   89.92                        677              47     1YR                                                             0           0           0               0
     1103629150       CONDO                             1     OO        REFI                  Y                             11.99                11.99               40300              40264.98              12/1/2006             11/1/2021                   414.22      180      10     CA                   2/1/2007        Y                 403000                   2          0             414.22                                                                               95121          11/10/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        641           39.55     3YR                                                             0           0           0               0
     1103629156       2-4FAMILY                         2     NOO       REFI                  Y                              8.25                 8.25              176000                176000               2/1/2007              1/1/2037                     1210      360      80     CA                   2/1/2007        N                 220000                   1          3               1210                                                                               92301          12/28/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        672              47     2YR                                         1/1/2012            6           3           1               3
     1103629182       SFR                               1     OO        PURCHASE              N                                 8                    8              328000                328000              12/1/2006             11/1/2036                  2186.67      360      80     CA                   2/1/2007        N                 410000                   1       2.75            2186.67                                                                               90040          12/15/2006              2      PA2605EI_ARM-INTONLY                             0            410000                             82000     100                        634           43.65     1YR                                        11/1/2011            6           3           1               8
     1103629183       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              378400                378400              12/1/2006             11/1/2036                   2128.5      360      80     CA                   2/1/2007        N                 480000                   1       2.75             2128.5                                                                               91746          12/15/2006              8      SA1605EI_ARM-INTONLY                             0            473000                             94600     100                        709               0     3YR                                        11/1/2011            6           3           1            6.75
     1103629184       SFR                               1     OO        REFI                  Y                               7.5                  7.5              464000             463498.44              12/1/2006             11/1/2036                     2900      360      80     CA                   2/1/2007        N                 580000                   1       2.75               2900                                                                               90660          11/30/2006              2      PA3605EI_ARM-INTONLY                             0                 0                                 0      80                        615            35.2     3YR                                        11/1/2011            6           3           1             7.5
     1103629187       2-4FAMILY                         3     OO        PURCHASE              N                               8.5                  8.5              492000                492000              12/1/2006             11/1/2036                     3485      360      80     CA                   2/1/2007        N                 620000                   1       2.75               3485                                                                               90255          12/15/2006              8      SA1605EI_ARM-INTONLY                             0            615000                            123000     100                        688               0     1YR                                        11/1/2011            6           3           1             8.5
     1103629191       CONDO                             1     NOO       PURCHASE              N                             7.875                7.875              184000                184000              12/1/2006             11/1/2036                   1207.5      360      80     CA                   2/1/2007        N                 275000                   1       2.75             1207.5                                                                               91402          12/15/2006              8      SA1605EI_ARM-INTONLY                             0            230000                             23000      90                        745               0     NO-PREPAY                                  11/1/2011            6           3           1           7.875
     1103629194       SFR                               1     OO        REFI                  Y                             7.125                7.125              280000                280000              12/1/2006             11/1/2036                   1662.5      360      80     CA                   2/1/2007        N                 350000                   1       2.75             1662.5                                                                               90061          12/15/2006              2      PA2605EI_ARM-INTONLY                             0                 0                                 0      80                        627           31.35     3YR                                        11/1/2011            6           3           1           7.125
     1103629195       CONDO                             1     OO        PURCHASE              N                             7.625                7.625              310000                310000              12/1/2006             11/1/2036                  1969.79      360      80     CA                   2/1/2007        N                 388000                   1       2.75            1969.79                                                                               91335          12/15/2006              2      PA1605EI_ARM-INTONLY                             0            387500                             77500     100                        660           27.12     NO-PREPAY                                  11/1/2011            6           3           1            7.13
     1103629196       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              319200                319200              12/1/2006             11/1/2036                     1729      360      80     CA                   2/1/2007        N                 400000                   1       2.75               1729                                                                               90022          11/30/2006              2      PA0605EI_ARM-INTONLY                             0            399000                             79800     100                        704           41.52     3YR                                        11/1/2011            6           3           1               6
     1103629199       SFR                               1     OO        REFI                  N                             5.875                5.875              348000                348000              12/1/2006             11/1/2036                  1703.75      360      80     CA                   2/1/2007        N                 435000                   1       2.75            1703.75                                                                               91764          11/30/2006              2      PA2605EI_ARM-INTONLY                             0                 0                             32700   87.52                        627           43.88     3YR                                        11/1/2011            6           3           1           5.875
     1103629202       SFR                               1     OO        REFI                  Y                             8.625                8.625              404000                404000              12/1/2006             11/1/2036                  2903.75      360      80     CA                   2/1/2007        N                 505000                   1       2.75            2903.75                                                                               92129          12/15/2006              8      SA2605EI_ARM-INTONLY                             0                 0                            101000     100                        645               0     1YR                                        11/1/2011            6           3           1           8.625
     1103629209       2-4FAMILY                         4     OO        PURCHASE              N                             8.375                8.375              728000                728000              12/1/2006             11/1/2036                  5080.83      360      80     CA                   2/1/2007        N                 910000                   1       2.75            5080.83                                                                               90006          12/15/2006              2      PA0605EI_ARM-INTONLY                             0            910000                            182000     100                        746           45.85     1YR                                        11/1/2011            6           3           1           8.375
     1103629210       2-4FAMILY                         4     OO        PURCHASE              N                             8.875                8.875              880000                880000              12/1/2006             11/1/2036                  6508.33      360      80     CA                   2/1/2007        N                1100000                   1       2.75            6508.33                                                                               95008          12/15/2006              2      PA0605EI_ARM-INTONLY                             0           1100000                            220000     100                        760           39.86     3YR                                        11/1/2011            6           3           1           8.875
     1103629215       SFR                               1     OO        REFI                  Y                              6.25                 6.25              360000                359990              12/1/2006             11/1/2036                     1875      360      80     CA                   2/1/2007        N                 450000                   1       2.75               1875                                                                               90805          11/30/2006              1      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        641           42.25     3YR                                        11/1/2011            6           3           1            2.75
     1103629216       CONDO                             1     OO        REFI                  Y                             6.125                6.125              372000             370909.77              12/1/2006             11/1/2036                  2260.31      360    74.4     CA                   2/1/2007        N                 500000                   1       3.25            2260.31                                                                               91205          12/15/2006              2      PA0607E_ARM                                      0                 0                                 0    74.4                        743           29.65     3YR                                        11/1/2013            6           5           1           6.125
     1103629217       PUD                               1     OO        PURCHASE              N                             8.125                8.125              460000             459999.58              11/1/2006             10/1/2036                  3114.58      360      80     CA                   2/1/2007        N                 580000                   1       2.75            3114.58                                                                               91710          12/15/2006              2      PA0605EI_ARM-INTONLY                             0            575000                            115000     100                        722            40.9     3YR                                        10/1/2011            6           3           1           8.125
     1103629243       SFR                               1     OO        PURCHASE              N                             12.75                12.75               57000              56958.18              12/1/2006             11/1/2021                   619.42      180      20     CA                   2/1/2007        Y                 285000                   2          0             619.42                                                                               92320          11/14/2006              2      TB1630_BALLOON                                   0            285000                                 0     100                        676           44.83     NO-PREPAY                                                       0           0           0               0
     1103629247       PUD                               1     2ND       PURCHASE              N                             9.975                9.975              253650             252846.82              10/1/2006              9/1/2036                  2221.28      360      95     NV                   2/1/2007        N                 285000                   1      5.975            2221.28                                                                               89148           12/7/2006              8      BA2402E_ARM                                     30            267000                                 0      95                        630               0     2YR                                         9/1/2008            6           3           1           5.975
     1103629251       PUD                               1     OO        REFI                  Y                             7.925                7.925              256000              254411.8              10/1/2006              9/1/2036                  1865.07      360   91.43     VA                   2/1/2007        N                 280000                   1      4.175            1865.07                                                                               23831          11/30/2006              2      BA1402E_ARM                                     30                 0                                 0   91.43                        667            46.4     2YR                                         9/1/2008            6           3           1           4.175
     1103629268       SFR                               1     OO        REFI                  N                              6.25                 6.25              112000             111786.91               1/1/2007             12/1/2036                    689.6      360      70     AZ                   2/1/2007        N                 160000                   1          3              689.6                                                                               85602          11/28/2006             17      PA1603E_ARM                                      0                 0                                 0      70                        646           38.26     3YR                                        12/1/2009            6           3           1               3
     1103629317       SFR                               1     OO        PURCHASE              N                               7.5                  7.5              388800                388800               1/1/2007             12/1/2036                     2430      360      80     CA                   2/1/2007        N                 490000                   1          3               2430                                                                               90660          11/30/2006              2      PA1605EI_ARM-INTONLY                             0            486000                             97200     100                        658           44.62     1YR                                        12/1/2011            6           3           1               3
     1103629321       2-4FAMILY                         2     NOO       PURCHASE              N                             7.375                7.375              611250             610316.92               1/1/2007             12/1/2036                  4221.75      360      75     CA                   2/1/2007        N                 815000                   1          0            4221.75                                                                               95460          12/21/2006              2      PF0630_FIXEDRATE                                 0            815000                             81500      85                        714           43.97     NO-PREPAY                                                       0           0           0               0
     1103629407       SFR                               1     OO        REFI                  Y                               6.5                  6.5              104000              102636.4               1/1/2007             12/1/2036                   657.35      360   63.04     FL                   2/1/2007        N                 165000                   1          0             657.35                                                                               34472          12/15/2006             17      PF1630_FIXEDRATE                                 0                 0                             60734   99.84                        646           29.88     3YR                                                             0           0           0               0
     1103629430       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              592000                592000               1/1/2007             12/1/2036                     3330      360      80     CA                   2/1/2007        N                 803000                   1          3               3330                                                                               92708          11/28/2006              8      SA0605EI_ARM-INTONLY                             0            740000                            148000     100                        688               0     2YR                                        12/1/2011            6           3           1               3
     1103629473       SFR                               1     OO        REFI                  N                             6.375                6.375              443000                443000               1/1/2007             12/1/2036                  2353.44      360   79.11     CA                   2/1/2007        N                 560000                   1          3            2353.44                                                                               94578           12/8/2006              2      PA2605EI_ARM-INTONLY                             0                 0                                 0   79.11                        623           36.32     3YR                                        12/1/2011            6           3           1               3
     1103629529       D-PUDS                            1     OO        REFI                  Y                             6.625                6.625              542500                542500               1/1/2007             12/1/2036                  2995.05      360      70     AZ                   2/1/2007        N                 775000                   1          3            2995.05                                                                               85045          11/22/2006              2      PA2605EI_ARM-INTONLY                             0                 0                            193750      95                        623           42.81     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103629531       D-PUDS                            1     OO        REFI                  Y                            13.075               13.075              193750                193750               1/1/2007             12/1/2021                  2111.07      180      25     AZ                   2/1/2007        Y                 775000                   2          0            2111.07                                                                               85045          11/22/2006              2      TB2630I_BALLOON-INTONLY                          0                 0                                 0      95                        623           42.81     NO-PREPAY                                                       0           0           0               0
     1103629561       D-PUDS                            1     OO        PURCHASE              N                             6.625                6.625              480000             479592.78               1/1/2007             12/1/2036                  2853.05      360      80     CA                   2/1/2007        Y                 620000                   1          3            2853.05                                                                               92028          12/13/2006              2      PL1605E_ARM-BALLOON                              0            600000                                 0      80                        676           41.58     3YR                                        12/1/2011            6           3           1               3
     1103629603       SFR                               1     OO        REFI                  Y                             5.875                5.875              189000             188613.65               1/1/2007             12/1/2036                  1118.01      360   60.97     MA                   2/1/2007        N                 310000                   1          3            1118.01                                                                               20659            1/2/2007              1      PA2605E_ARM                                      0                 0                                 0   60.97                        624              42     3YR                                        12/1/2011            6           3           1               3
     1103629625       D-PUDS                            1     OO        PURCHASE              N                             5.875                5.875              305100                305100               2/1/2007              1/1/2037                  1493.72      360   79.98     CA                   2/1/2007        N                 384000                   1          3            1493.72                                                                               92395          12/21/2006              2      PA2605EI_ARM-INTONLY                             0            381485                             76350     100                        633            45.2     3YR                                         1/1/2012            6           3           1               3
     1103629696       CONDO                             1     NOO       REFI                  N                             7.375                7.375              125800                125800               1/1/2007             12/1/2036                   773.15      360   79.63     UT                   2/1/2007        N                 158000                   1          3             773.15                                                                               84084          11/30/2006              7      SA0605EI_ARM-INTONLY                             0                 0                                 0   79.63                        691               0     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103629714       SFR                               1     NOO       PURCHASE              N                             6.375                6.375              559500             559444.54               1/1/2007             12/1/2036                  2972.34      360      75     CA                   2/1/2007        N                 747000                   1          3            2972.34                                                                               95632          11/30/2006              2      PA0605EI_ARM-INTONLY                             0            746025                            111900      90                        705           49.88     2YR                                        12/1/2011            6           3           1               3
     1103629768       CONDO                             1     NOO       PURCHASE              N                             12.78                12.78               50997              50972.37               1/1/2007             12/1/2021                   555.37      180      25     FL                   2/1/2007        Y                 204000                   2          0             555.37                                                                               33409          11/22/2006              2      TB0630_BALLOON                                   0            203990                                 0      95                        752              45     NO-PREPAY                                                       0           0           0               0
     1103629843       SFR                               1     2ND       REFI                  N                             6.375                6.375              250000             249911.18              12/1/2006             11/1/2036                  1328.13      360   74.41     NV                   2/1/2007        N                 336000                   1          3            1328.13                                                                               89147          11/27/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   74.41                        720           38.21     2YR                                        11/1/2011            6           3           1               3
     1103629852       SFR                               1     NOO       REFI                  Y                             5.375                5.375              600000                600000              12/1/2006             11/1/2036                   2687.5      360   28.24     CA                   2/1/2007        N                2125000                   1        3.5             2687.5                                                                               92067           12/5/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0   28.24                        758            8.84     3YR                                        11/1/2011            6           3           1             3.5
     1103629866       SFR                               1     2ND       PURCHASE              N                            14.325               14.325               27150                 27150              12/1/2006             11/1/2036                    324.1      360      15     NM                   2/1/2007        N                 184500                   2          0              324.1                                                                               87114          11/10/2006              2      TF2630I_FIX-INTONLY                              0            181000                                 0      95                        629           39.04     NO-PREPAY                                                       0           0           0               0
     1103629923       SFR                               1     NOO       REFI                  N                              6.75                 6.75              280000                280000               1/1/2007             12/1/2036                     1575      360   61.95     CA                   2/1/2007        N                 452000                   1          0               1575                                                                               90222          12/13/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   61.95                        700           45.98     2YR                                                             0           0           0               0
     1103629925       SFR                               1     OO        REFI                  Y                             12.99                12.99               46800              46778.42               1/1/2007             12/1/2021                   517.34      180   24.96     DE                   2/1/2007        Y                 187500                   2          0             517.34                                                                               19904           12/7/2006              2      TB1630_BALLOON                                   0                 0                                 0    99.9                        654           44.14     NO-PREPAY                                                       0           0           0               0
     1103629946       SFR                               1     OO        PURCHASE              N                            11.875               11.875               55800              55767.02               1/1/2007             12/1/2021                    568.6      180    9.99     CA                   2/1/2007        Y                 565000                   2          0              568.6                                                                               92374          11/30/2006              2      TB1630_BALLOON                                   0            558664                                 0   89.99                        678            45.1     6MO                                                             0           0           0               0
     1103629956       SFR                               1     OO        REFI                  Y                            11.875               11.875               33800              33769.88              12/1/2006             11/1/2021                   344.42      180      20     FL                   2/1/2007        Y                 169000                   2          0             344.42                                                                               34668          11/16/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        678           49.49     2YR                                                             0           0           0               0
     1103630032       2-4FAMILY                         4     NOO       REFI                  N                               7.5                  7.5              532000             531439.85              12/1/2006             11/1/2036                     3325      360      70     CA                   2/1/2007        N                 760000                   1          3               3325                                                                               90262          11/22/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             53000   76.98                        734           34.46     2YR                                        11/1/2011            6           3           1               3
     1103630058       SFR                               1     NOO       PURCHASE              N                             7.875                7.875              164000             163773.54               1/1/2007             12/1/2036                  1189.11      360      80     CA                   2/1/2007        N                 205000                   1          3            1189.11                                                                               95966          11/21/2006              2      PA1605E_ARM                                      0            205000                             30750      95                        675           40.02     3YR                                        12/1/2011            6           3           1               3
     1103630059       SFR                               1     NOO       PURCHASE              N                             12.25                12.25               30750              30733.27               1/1/2007             12/1/2021                   322.23      180      15     CA                   2/1/2007        Y                 205000                   2          0             322.23                                                                               95966          11/21/2006              2      TB1630_BALLOON                                   0            205000                                 0      95                        675           40.02     3YR                                                             0           0           0               0
     1103630062       CONDO                             1     NOO       PURCHASE              N                             7.875                7.875              252000                252000               1/1/2007             12/1/2036                  1653.75      360      80     CA                   2/1/2007        N                 315000                   1          3            1653.75                                                                               95835           12/5/2006              2      PA0605EI_ARM-INTONLY                             0            315000                             47250      95                        687           25.27     3YR                                        12/1/2011            6           3           1               3
     1103630063       SFR                               1     NOO       PURCHASE              N                            12.375               12.375               47250              47225.01               1/1/2007             12/1/2021                    499.7      180      15     CA                   2/1/2007        Y                 315000                   2          0              499.7                                                                               95835           12/7/2006              2      TB0630_BALLOON                                   0            315000                                 0      95                        687           25.27     3YR                                                             0           0           0               0
     1103630085       D-PUDS                            1     2ND       REFI                  Y                             6.625                6.625              234500                234500               1/1/2007             12/1/2036                  1294.64      360      70     NV                   2/1/2007        N                 335000                   1          3            1294.64                                                                               89139           12/7/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             50250      85                        699           30.48     3YR                                        12/1/2011            6           3           1           6.625
     1103630155       SFR                               1     NOO       REFI                  Y                            12.625               12.625              109500             109445.21               1/1/2007             12/1/2021                  1179.28      180      15     CA                   2/1/2007        Y                 730000                   2          0            1179.28                                                                               92504          11/30/2006              2      TB0630_BALLOON                                   0                 0                                 0      90                        700           38.29     NO-PREPAY                                                       0           0           0               0
     1103630161       2-4FAMILY                         2     NOO       REFI                  Y                              7.75                 7.75              665000                665000               1/1/2007             12/1/2036                  4294.79      360   68.21     CA                   2/1/2007        N                 975000                   1        3.5            4294.79                                                                               92629          12/14/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   68.21                        706           43.98     1YR                                        12/1/2011            6           3           1             3.5
     1103630260       D-PUDS                            1     NOO       PURCHASE              N                            13.125               13.125              121500             121445.68               1/1/2007             12/1/2036                  1355.92      360      90     TX                   2/1/2007        N                 135000                   1          0            1355.92                                                                               76140          12/27/2006              2      PF2430_FIXEDRATE                                25            135000                                 0      90                        633           34.48     NO-PREPAY                                                       0           0           0               0
     1103630318       2-4FAMILY                         2     OO        PURCHASE              N                               6.5                  6.5              239200                239200               2/1/2007              1/1/2037                  1295.67      360      80     CA                   2/1/2007        N                 375000                   1        5.5            1295.67                                                                               92405          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            299000                             59800     100                        769           35.63     NO-PREPAY                                   1/1/2012            6           3           1             5.5
     1103630324       SFR                               1     OO        REFI                  Y                            11.875               11.875               60000              59946.53              12/1/2006             11/1/2021                    611.4      180      10     CA                   2/1/2007        Y                 600000                   2          0              611.4                                                                               94565          11/10/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        671           40.57     1YR                                                             0           0           0               0
     1103630326       SFR                               1     NOO       PURCHASE              N                              6.25                 6.25              493500                493500               1/1/2007             12/1/2036                  2570.31      360      70     CA                   2/1/2007        N                 705000                   1          3            2570.31                                                                               90056          11/30/2006              2      PA0605EI_ARM-INTONLY                             0            705000                            176250      95                        682           43.95     3YR                                        12/1/2011            6           3           1               3
     1103630331       SFR                               1     NOO       PURCHASE              N                            11.625               11.625              176250             176139.87               1/1/2007             12/1/2021                  1762.22      180      25     CA                   2/1/2007        Y                 705000                   2          0            1762.22                                                                               90056          11/30/2006              2      TB0630_BALLOON                                   0            705000                                 0      95                        682           43.95     3YR                                                             0           0           0               0
     1103630375       CONDO                             1     OO        PURCHASE              N                                 7                    7              663200                663200               1/1/2007             12/1/2036                  3868.67      360      80     CA                   2/1/2007        N                 829000                   1          3            3868.67                                                                               91381          11/27/2006              2      PA0605EI_ARM-INTONLY                             0            829000                            165800     100                        697           40.58     3YR                                        12/1/2011            6           3           1               3
     1103630429       D-PUDS                            1     NOO       REFI                  Y                             7.625                7.625              258750                258750               1/1/2007             12/1/2036                  1644.14      360      75     FL                   2/1/2007        N                 345000                   1          3            1644.14                                                                               34746          11/30/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             34500      85                        640           38.27     3YR                                        12/1/2011            6           3           1               3
     1103630433       D-PUDS                            1     NOO       REFI                  Y                             13.25                13.25               34500              34485.02               1/1/2007             12/1/2021                   388.39      180      10     FL                   2/1/2007        Y                 345000                   2          0             388.39                                                                               34746           12/1/2006              2      TB1630_BALLOON                                   0                 0                                 0      85                        640           38.27     3YR                                                             0           0           0               0
     1103630475       SFR                               1     NOO       REFI                  Y                             12.85                12.85               66750              66718.25               1/1/2007             12/1/2036                   730.57      360      15     CA                   2/1/2007        N                 445000                   2          0             730.57                                                                               95112          11/28/2006              2      TF0630_FIXEDRATE                                 0                 0                                 0      95                        708           40.62     NO-PREPAY                                                       0           0           0               0
     1103630571       SFR                               1     NOO       REFI                  Y                             11.85                11.85               25200               25177.4              12/1/2006             11/1/2021                   256.31      180      10     NV                   2/1/2007        Y                 252000                   2          0             256.31                                                                               89110          11/28/2006              2      TB0630_BALLOON                                   0                 0                                 0      80                        747           39.81     2YR                                                             0           0           0               0
     1103630597       SFR                               1     NOO       PURCHASE              N                            12.375               12.375               52500              52458.13              12/1/2006             11/1/2021                   555.22      180      15     CA                   2/1/2007        Y                 377000                   2          0             555.22                                                                               95363           11/9/2006              1      TB0630_BALLOON                                   0            350000                                 0      95                        691           39.81     NO-PREPAY                                                       0           0           0               0
     1103630680       2-4FAMILY                         2     OO        REFI                  N                             6.375                6.375              230000             229357.53              12/1/2006             11/1/2036                   1434.9      360    69.7     NJ                   2/1/2007        N                 330000                   1          0             1434.9                                                                               07060           12/6/2006             17      PF0630_FIXEDRATE                                 0                 0                                 0    69.7                        688         35.0562     NO-PREPAY                                                       0           0           0               0
     1103630686       SFR                               1     OO        REFI                  N                              6.75                 6.75              465000             463792.17              12/1/2006             11/1/2036                  3015.98      360   58.13     NY                   2/1/2007        N                 800000                   1          0            3015.98                                                                               11021           12/6/2006             17      PF1630_FIXEDRATE                                 0                 0                                 0   58.13                        656         35.4919     1YR                                                             0           0           0               0
     1103630694       SFR                               1     OO        PURCHASE              N                             7.125                7.125              168000             167320.22              10/1/2006              9/1/2036                  1131.85      360      80     NH                   2/1/2007        N                 225000                   1          0            1131.85                                                                               03079           12/6/2006              2      PF0630_FIXEDRATE                                 0            210000                             21000      90                        720         40.2161     NO-PREPAY                                                       0           0           0               0
     1103630703       2-4FAMILY                         3     NOO       PURCHASE              N                             9.375                9.375              488000                488000               9/1/2006              8/1/2036                   3812.5      360      80     NY                   2/1/2007        N                 610000                   1          0             3812.5                                                                               11207           12/6/2006             12      XF1630I_FIX-INTONLY                              0            610000                                 0      80                        654               0     1YR                                                             0           0           0               0
     1103630706       SFR                               1     OO        REFI                  N                              7.25                 7.25              163000             162356.47              10/1/2006              9/1/2036                  1111.95      360    53.8     FL                   2/1/2007        N                 303000                   1          0            1111.95                                                                               33177           12/6/2006             12      XF2630_FIXEDRATE                                 0                 0                                 0    53.8                        647               0     3YR                                                             0           0           0               0
     1103630718       2-4FAMILY                         2     OO        REFI                  N                              7.75                 7.75              315000              314328.7              12/1/2006             11/1/2036                   2256.7      360      75     MA                   2/1/2007        N                 420000                   1          0             2256.7                                                                               01752           12/6/2006              8      SF0630_FIXEDRATE                                 0                 0                                 0      75                        681               0     NO-PREPAY                                                       0           0           0               0
     1103630733       SFR                               1     OO        REFI                  N                               6.5                  6.5              100000              99727.32              12/1/2006             11/1/2036                   632.07      360   60.98     FL                   2/1/2007        N                 164000                   1          0             632.07                                                                               32808           12/6/2006             12      XF1630_FIXEDRATE                                 0                 0                                 0   60.98                        651               0     1YR                                                             0           0           0               0
     1103630745       CONDO                             1     OO        PURCHASE              N                               7.5                  7.5              168000                168000              12/1/2006             11/1/2036                     1050      360      80     MA                   2/1/2007        N                 210000                   1          0               1050                                                                               01826           12/6/2006              8      SF0630I_FIX-INTONLY                              0            210000                             42000     100                        719               0     NO-PREPAY                                                       0           0           0               0
     1103630778       SFR                               1     OO        REFI                  Y                              7.15                 7.15              355000                355000               1/1/2007             12/1/2036                  2115.21      360    73.2     CA                   2/1/2007        N                 485000                   1          3            2115.21                                                                               90650          12/14/2006              8      SA1605EI_ARM-INTONLY                             0                 0                                 0    73.2                        644               0     3YR                                        12/1/2011            6           3           1               3
     1103630819       SFR                               1     NOO       PURCHASE              N                             7.125                7.125              180000             179711.27               1/1/2007             12/1/2036                  1212.69      360      80     MD                   2/1/2007        N                 245000                   1          3            1212.69                                                                               20748           12/1/2006              8      SA0605E_ARM                                      0            225000                                 0      80                        724               0     3YR                                        12/1/2011            6           3           1               3
     1103630825       PUD                               1     NOO       PURCHASE              N                            11.725               11.725               57500              57447.02              12/1/2006             11/1/2021                   579.31      180      25     MD                   2/1/2007        Y                 234000                   2          0             579.31                                                                               20602          11/28/2006              2      TB0630_BALLOON                                   0            230000                                 0      95                        743           43.59     NO-PREPAY                                                       0           0           0               0
     1103630837       PUD                               1     NOO       REFI                  Y                             7.625                7.625              258300                258300               1/1/2007             12/1/2036                  1641.28      360      70     VA                   2/1/2007        N                 369000                   1          3            1641.28                                                                               20176          12/21/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             92250      95                        747           47.38     2YR                                        12/1/2011            6           3           1           7.625
     1103630838       PUD                               1     NOO       REFI                  Y                            12.225               12.225               92250              92199.52               1/1/2007             12/1/2021                   964.91      180      25     VA                   2/1/2007        Y                 369000                   2          0             964.91                                                                               20176          12/21/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        747           47.38     2YR                                                             0           0           0               0
     1103630847       CONDO                             1     OO        REFI                  N                              7.99                 7.99              152000             151952.77               1/1/2007             12/1/2036                  1012.07      360      80     MD                   2/1/2007        N                 190000                   1          3            1012.07                                                                               21060          12/11/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             38000     100                        678              43     1YR                                        12/1/2011            5           3           1               3
     1103630896       D-PUDS                            1     OO        REFI                  N                             12.75                12.75               28500              28479.09              12/1/2006             11/1/2021                   309.71      180      10     FL                   2/1/2007        Y                 285000                   2          0             309.71                                                                               34746          11/10/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        641           44.45     1YR                                                             0           0           0               0
     1103630929       SFR                               1     OO        PURCHASE              N                             6.875                6.875              236000                236000               1/1/2007             12/1/2036                  1352.08      360      80     CA                   2/1/2007        N                 315000                   1          3            1352.08                                                                               92223          11/28/2006              2      PA1605EI_ARM-INTONLY                             0            295000                             59000     100                        653           46.62     3YR                                        12/1/2011            6           3           1               3
     1103630936       SFR                               1     NOO       REFI                  Y                              6.25                 6.25              235000             234552.88               1/1/2007             12/1/2036                  1446.94      360   78.34     CA                   2/1/2007        N                 300000                   1          0            1446.94                                                                               93312          12/19/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   78.34                        730           45.07     3YR                                                             0           0           0               0
     1103630970       SFR                               1     NOO       REFI                  Y                             7.625                7.625              105000             104847.51             12/17/2006            11/17/2036                   743.19      360      75     NC                  1/17/2007        N                 140000                   1          0             743.19                                                                               27545          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      75                        715           19.28     NO-PREPAY                                                       0           0           0               0
     1103631031       SFR                               1     OO        REFI                  Y                             5.875                5.875              180000             179812.54               1/1/2007             12/1/2036                   974.75      360   46.76     CA                   2/1/2007        Y                 385000                   1        2.5             974.75                                                                               92114           12/6/2006              1      PL1603E_ARM-BALLOON                              0                 0                                 0   46.76                        671           44.05     1YR                                        12/1/2009            6           3           1           2.875
     1103631039       SFR                               1     NOO       REFI                  N                                 8                    8              163000                163000               1/1/2007             12/1/2036                  1086.67      360   79.52     AZ                   2/1/2007        N                 205000                   1          3            1086.67                                                                               85019          11/28/2006              2      PA2605EI_ARM-INTONLY                             0                 0                                 0   79.52                        624           33.13     1YR                                        12/1/2011            6           3           1               3
     1103631071       SFR                               1     OO        PURCHASE              N                              5.75                 5.75              620000             618048.72              12/1/2006             11/1/2036                  3618.15      360   79.75     CA                   2/1/2007        N                 780000                   1          0            3618.15                                                                               94553          12/20/2006              1      PF0630_FIXEDRATE                                 0            777500                                 0   79.75                        786           48.77     3YR                                                             0           0           0               0
     1103631139       CONDO                             1     OO        REFI                  Y                               6.5                  6.5              295000             294888.88              12/1/2006             11/1/2036                  1597.92      360   79.73     CA                   2/1/2007        N                 370000                   1       2.25            1597.92                                                                               91316          11/27/2006              2      PA0607EI_ARM-INTONLY                             0                 0                                 0   79.73                        773           33.59     NO-PREPAY                                  11/1/2013            6           6           2            2.25
     1103631162       CONDO                             1     NOO       PURCHASE              N                            13.625               13.625              105591              104978.9              12/1/2006             11/1/2021                   1379.7      180   20.47     NY                   2/1/2007        N                 530000                   2          0             1379.7                                                                               11561          11/10/2006              2      TF1615_FIXEDRATE                                 0            515957                                 0   95.47                        661           27.91     NO-PREPAY                                                       0           0           0               0
     1103631166       SFR                               1     NOO       PURCHASE              N                              14.5                 14.5               50900              50874.92              12/1/2006             11/1/2021                    623.3      180      20     NJ                   2/1/2007        Y                 360000                   2          0              623.3                                                                               08882          11/29/2006             17      UB0330_BALLOON                                   0            254500                                 0     100                        731           34.72     NO-PREPAY                                                       0           0           0               0
     1103631175       HI-RISE                           1     2ND       PURCHASE              N                              6.75                 6.75              334400                334400               2/1/2007              1/1/2037                     1881      360   79.98     FL                   2/1/2007        N                 418110                   1          3               1881                                                                               32507          12/22/2006             17      PA0605EI_ARM-INTONLY                             0            418110                                 0   79.98                        791           49.93     1YR                                         1/1/2012            6           3           1               3
     1103631208       SFR                               1     OO        PURCHASE              N                             6.125                6.125              464800                464800               1/1/2007             12/1/2036                  2372.42      360      80     WA                   2/1/2007        N                 585000                   1          3            2372.42                                                                               98052          12/21/2006              1      PA0605EI_ARM-INTONLY                             0            581000                            116200     100                        687           36.17     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103631217       2-4FAMILY                         2     NOO       REFI                  Y                             6.375                6.375              375000                375000               1/1/2007             12/1/2036                  1992.19      360   68.19     CA                   2/1/2007        N                 550000                   1          3            1992.19                                                                               94601           12/8/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   68.19                        707              29     2YR                                        12/1/2011            6           3           1               3
     1103631230       SFR                               1     OO        REFI                  Y                                 6                    6              440000             439967.26               1/1/2007             12/1/2036                     2200      360   79.28     CA                   2/1/2007        N                 555000                   1      5.375               2200                                                                               90638          11/30/2006              8      SA1605EI_ARM-INTONLY                             0                 0                                 0   79.28                        721               0     3YR                                        12/1/2011            6           3           1           5.375
     1103631253       2-4FAMILY                         3     NOO       REFI                  N                             7.875                7.875              650000                650000              12/1/2006             11/1/2036                  4265.63      360   66.33     CA                   2/1/2007        N                 980000                   1       2.75            4265.63                                                                               92626          11/30/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            134000      80                        704           41.63     NO-PREPAY                                  11/1/2011            6           3           1            2.75
     1103631255       SFR                               1     OO        REFI                  N                                 7                    7              548000                548000              12/1/2006             11/1/2036                  3196.67      360      80     CA                   2/1/2007        N                 685000                   1       2.25            3196.67                                                                               94109           12/6/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             99942   94.59                        651           36.97     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103631267       CONDO                             1     OO        PURCHASE              N                             6.125                6.125              304800                304800              12/1/2006             11/1/2036                  1555.75      360      80     CA                   2/1/2007        N                 385000                   1       2.25            1555.75                                                                               94901          11/20/2006              2      PA0605EI_ARM-INTONLY                             0            381000                             76200     100                        687           44.14     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103631271       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              310400                310400              12/1/2006             11/1/2036                  1681.33      360      80     CA                   2/1/2007        N                 400000                   1       2.25            1681.33                                                                               95462          11/20/2006              2      PA0605EI_ARM-INTONLY                             0            388000                             77600     100                        686           40.45     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103631273       2-4FAMILY                         3     NOO       REFI                  N                             6.625                6.625             1000000               1000000              12/1/2006             11/1/2036                  5520.83      360   51.29     CA                   2/1/2007        N                1950000                   1       2.25            5520.83                                                                               94115           12/6/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   51.29                        746           26.11     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103631274       SFR                               1     OO        REFI                  Y                             6.375                6.375              608000                608000              12/1/2006             11/1/2036                     3230      360   77.95     CA                   2/1/2007        N                 780000                   1       2.25               3230                                                                               94901          11/20/2006              2      PA1605EI_ARM-INTONLY                             0                 0                            114000   92.57                        670           24.54     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103631278       SFR                               1     OO        REFI                  Y                              6.75                 6.75              618750                618750              12/1/2006             11/1/2036                  3480.47      360      75     CA                   2/1/2007        N                 825000                   1       2.25            3480.47                                                                               94066           12/7/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      75                        722           36.76     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103631286       SFR                               1     OO        PURCHASE              N                             6.125                6.125              387800              387799.4              12/1/2006             11/1/2036                   1979.4      360      80     CA                   2/1/2007        N                 510000                   1       2.25             1979.4                                                                               94533          11/20/2006              2      PA0605EI_ARM-INTONLY                             0            484750                             96950     100                        695           43.85     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103631291       SFR                               1     OO        REFI                  Y                             6.125                6.125              345000                345000              12/1/2006             11/1/2036                  1760.94      360   52.28     CA                   2/1/2007        N                 660000                   1       2.25            1760.94                                                                               95122           12/6/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0   52.28                        653           44.49     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103631292       CONDO                             1     OO        PURCHASE              N                              6.75                 6.75               60900                 60900              12/1/2006             11/1/2036                   342.56      360   43.52     CA                   2/1/2007        N                 145000                   1       2.75             342.56                                                                               95825           12/6/2006              1      XA0605DI_ARM-INTONLY                             0            139950                                 0   43.52                        710           35.51     NO-PREPAY                                  11/1/2011            5           5           2            2.75
     1103631297       2-4FAMILY                         3     NOO       REFI                  Y                              13.4                 13.4              134000             133915.09              12/1/2006             11/1/2021                  1524.32      180   13.68     CA                   2/1/2007        Y                 980000                   2          0            1524.32                                                                               92626          11/30/2006              2      TB0630_BALLOON                                   0                 0                                 0      80                        704           41.63     NO-PREPAY                                                       0           0           0               0
     1103631306       SFR                               1     OO        REFI                  Y                              6.75                 6.75              524000                524000               1/1/2007             12/1/2036                   2947.5      360      80     HI                   2/1/2007        N                 655000                   1          3             2947.5                                                                               96740           12/8/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             95250   94.55                        727           41.02     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103631310       SFR                               1     NOO       PURCHASE              N                            12.375               12.375              111900             111807.46               1/1/2007             12/1/2021                  1183.42      180      15     CA                   2/1/2007        Y                 747000                   2          0            1183.42                                                                               95632          11/30/2006              2      TB0630_BALLOON                                   0            746025                                 0      90                        705           49.88     NO-PREPAY                                                       0           0           0               0
     1103631311       CONDO                             1     2ND       PURCHASE              N                             7.875                7.875              113992                113992              12/1/2006             11/1/2036                   748.07      360      75     FL                   2/1/2007        N                 185000                   1          3             748.07                                                                               33035          11/28/2006              1      PA1605EI_ARM-INTONLY                             0            151990                             30398      95                        660           38.11     3YR                                        11/1/2011            6           3           1           7.875
     1103631312       CONDO                             1     2ND       PURCHASE              N                            12.825               12.825               30398              30376.07              12/1/2006             11/1/2021                   332.11      180      20     FL                   2/1/2007        Y                 185000                   2          0             332.11                                                                               33035          11/28/2006              1      TB1630_BALLOON                                   0            151990                                 0      95                        660           38.11     3YR                                                             0           0           0               0
     1103631315       SFR                               1     NOO       PURCHASE              N                             6.999                6.999              127500                127500               1/1/2007             12/1/2036                   743.64      360      75     AZ                   2/1/2007        N                 173000                   1          3             743.64                                                                               85201          12/18/2006              2      PA0605EI_ARM-INTONLY                             0            170000                             25500      90                        688           46.42     3YR                                        12/1/2011            6           3           1               3
     1103631321       SFR                               1     NOO       PURCHASE              N                             12.75                12.75               25500              21270.87               1/1/2007             12/1/2021                   277.11      180      15     AZ                   2/1/2007        Y                 173000                   2          0             277.11                                                                               85201          12/20/2006              2      TB0630_BALLOON                                   0            170000                                 0      90                        688           46.42     NO-PREPAY                                                       0           0           0               0
     1103631360       SFR                               1     OO        PURCHASE              N                              12.5                 12.5               68000                 67965               1/1/2007             12/1/2036                   725.74      360      20     NJ                   2/1/2007        N                 360000                   2          0             725.74                                                                               07083           12/1/2006              2      TF1630_FIXEDRATE                                 0            340000                                 0     100                        664           48.93     NO-PREPAY                                                       0           0           0               0
     1103631384       2-4FAMILY                         2     NOO       PURCHASE              N                               6.5                  6.5              340000                340000               1/1/2007             12/1/2036                  1841.67      360   41.47     CA                   2/1/2007        N                 820000                   1          3            1841.67                                                                               94063          12/14/2006              2      PA0605EI_ARM-INTONLY                             0            820000                                 0   41.47                        725           54.86     1YR                                        12/1/2011            6           3           1             6.5
     1103631393       SFR                               1     OO        PURCHASE              N                               5.5                  5.5              479200             479196.33               1/1/2007             12/1/2036                  2196.33      360      80     CA                   2/1/2007        N                 605000                   1          3            2196.33                                                                               92840          12/11/2006              2      PA0605EI_ARM-INTONLY                             0            599000                            119800     100                        694              40     2YR                                        12/1/2011            6           3           1               3
     1103631427       PUD                               1     NOO       REFI                  N                             7.875                7.875              624000                624000              12/1/2006             11/1/2036                     4095      360      80     ME                   2/1/2007        N                 780000                   1       3.25               4095                                                                               04062          11/21/2006              8      XA0605DI_ARM-INTONLY                             0                 0                             39000      85                        683               0     NO-PREPAY                                  11/1/2011            5           5           2            3.25
     1103631429       SFR                               1     OO        REFI                  N                             6.625                6.625              339600                339550              12/1/2006             11/1/2036                  1874.88      360      80     MA                   2/1/2007        N                 424500                   1       3.25            1874.88                                                                               02668          11/21/2006              8      XA0605DI_ARM-INTONLY                             0                 0                             63590   94.98                        683               0     NO-PREPAY                                  11/1/2011            5           5           2            3.25
     1103631435       2-4FAMILY                         4     OO        PURCHASE              N                             6.875                6.875              880000                880000              12/1/2006             11/1/2036                  5041.67      360      80     CA                   2/1/2007        N                1100000                   1       3.25            5041.67                                                                               95129          11/21/2006              2      XA0605DI_ARM-INTONLY                             0           1100000                            110000      90                        731           48.56     NO-PREPAY                                  11/1/2011            5           5           2            3.25
     1103631458       2-4FAMILY                         2     OO        PURCHASE              N                              7.75                 7.75              560000                560000              12/1/2006             11/1/2036                  3616.67      360      80     CT                   2/1/2007        N                 700000                   1       3.25            3616.67                                                                               06905          11/21/2006              8      XA1605DI_ARM-INTONLY                             0            700000                            140000     100                        657               0     1YR                                        11/1/2011            5           5           2            3.25
     1103631475       CONDO                             1     NOO       REFI                  Y                              8.25                 8.25              243000             242999.81               1/1/2007             12/1/2036                  1670.63      360   74.77     CA                   2/1/2007        N                 325000                   1       3.25            1670.63                                                                               91762          12/15/2006             17      PA1605EI_ARM-INTONLY                             0                 0                                 0   74.77                        653           44.99     1YR                                        12/1/2011            6           3           1            3.25
     1103631525       SFR                               1     NOO       PURCHASE              N                             7.375                7.375              417000                417000               1/1/2007             12/1/2036                  2562.81      360   79.43     CA                   2/1/2007        N                 525000                   1          3            2562.81                                                                               94590          12/15/2006              2      PA0605EI_ARM-INTONLY                             0            525000                             55500      90                        764           34.54     3YR                                        12/1/2011            6           3           1               3
     1103631526       SFR                               1     NOO       PURCHASE              N                            11.375               11.375               55500              55463.35               1/1/2007             12/1/2021                   544.33      180   10.58     CA                   2/1/2007        Y                 525000                   2          0             544.33                                                                               94590          12/15/2006              2      TB0630_BALLOON                                   0            525000                                 0      90                        764           34.54     3YR                                                             0           0           0               0
     1103631528       SFR                               1     NOO       PURCHASE              N                              7.25                 7.25              143800                143800               1/1/2007             12/1/2036                   868.79      360      70     TX                   2/1/2007        N                 207500                   1          3             868.79                                                                               76087          12/13/2006              2      PA0603EI_ARM-INTONLY                             0            205455                             51350   94.99                        733           38.78     NO-PREPAY                                  12/1/2009            6           3           1               3
     1103631529       SFR                               1     NOO       PURCHASE              N                              12.5                 12.5               51350               51307.4               1/1/2007             12/1/2021                   548.04      180      25     TX                   2/1/2007        Y                 207500                   2          0             548.04                                                                               76087          12/13/2006              2      TB0630_BALLOON                                   0            205455                                 0   94.99                        733           38.58     NO-PREPAY                                                       0           0           0               0
     1103631531       SFR                               1     NOO       REFI                  Y                            12.125               12.125               65000               64963.5               1/1/2007             12/1/2021                   674.86      180      20     CA                   2/1/2007        Y                 325000                   2          0             674.86                                                                               95824          11/22/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        723            49.7     1YR                                                             0           0           0               0
     1103631556       PUD                               1     2ND       REFI                  N                             6.125                6.125              138000                138000               1/1/2007             12/1/2036                   704.38      360   69.35     FL                   2/1/2007        N                 199000                   1          3             704.38                                                                               34446          12/11/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0   69.35                        746           39.32     2YR                                        12/1/2011            6           3           1               3
     1103631591       SFR                               1     OO        PURCHASE              N                             7.875                7.875              412000             411864.61               1/1/2007             12/1/2036                  2703.75      360      80     CA                   2/1/2007        N                 515000                   1          3            2703.75                                                                               90247          11/30/2006              2      PA2605EI_ARM-INTONLY                             0            515000                            103000     100                        623           44.18     3YR                                        12/1/2011            6           3           1               3
     1103631884       SFR                               1     NOO       PURCHASE              N                             8.125                8.125              111125             110979.13             12/16/2006            11/16/2036                    825.1      360      70     FL                  1/16/2007        N                 180000                   1          3              825.1                                                                               34473           12/7/2006              2      PA1602E_ARM                                      0            158750                             39687      95                        673           34.61     1YR                                       11/16/2008            6           3           1           8.125
     1103631885       SFR                               1     NOO       PURCHASE              N                            13.025               13.025               39687              39668.84             12/16/2006            11/16/2021                    439.8      180      25     FL                  1/16/2007        Y                 180000                   2          0              439.8                                                                               34473           12/7/2006              2      TB1630_BALLOON                                   0            158750                                 0      95                        673           34.61     1YR                                                             0           0           0               0
     1103631899       CONDO                             1     NOO       PURCHASE              N                              7.75                 7.75              172000                172000               1/1/2007             12/1/2036                  1110.83      360      80     FL                   2/1/2007        N                 300000                   1          3            1110.83                                                                               34109          11/28/2006              2      PA0605EI_ARM-INTONLY                             0            215000                             32250      95                        739            47.1     3YR                                        12/1/2011            6           3           1            7.75
     1103631900       CONDO                             1     NOO       PURCHASE              N                              11.6                 11.6               32250              32229.72               1/1/2007             12/1/2021                   321.84      180      15     FL                   2/1/2007        Y                 300000                   2          0             321.84                                                                               34109          11/28/2006              2      TB0630_BALLOON                                   0            215000                                 0      95                        739            47.1     3YR                                                             0           0           0               0
     1103631921       SFR                               1     NOO       PURCHASE              N                                14                   14              126000             125953.85               1/1/2007             12/1/2036                  1492.94      360      15     CA                   2/1/2007        N                 840000                   2          0            1492.94                                                                               94116           12/5/2006              2      TF0630_FIXEDRATE                                 0            840000                                 0      95                        704           38.21     NO-PREPAY                                                       0           0           0               0
     1103631940       SFR                               1     OO        PURCHASE              N                              7.75                 7.75              599200                599200               1/1/2007             12/1/2036                  3869.83      360      80     UT                   2/1/2007        N                 795000                   1          3            3869.83                                                                               84054           12/8/2006              2      PA1605EI_ARM-INTONLY                             0            749000                            149800     100                        649           42.02     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103631952       SFR                               1     OO        PURCHASE              N                             13.25                13.25              149800             149401.26               1/1/2007             12/1/2021                  1686.41      180      20     UT                   2/1/2007        Y                 795000                   2          0            1686.41                                                                               84054           12/8/2006              2      TB1630_BALLOON                                   0            749000                                 0     100                        649           42.02     NO-PREPAY                                                       0           0           0               0
     1103631967       SFR                               1     OO        REFI                  Y                              6.75                 6.75              285000             284507.85               1/1/2007             12/1/2036                  1848.51      360   52.98     CA                   2/1/2007        N                 538000                   1          0            1848.51                                                                               92102          12/14/2006              2      PF1630_FIXEDRATE                                 0                 0                                 0   52.98                        675           38.09     1YR                                                             0           0           0               0
     1103631997       2-4FAMILY                         2     NOO       PURCHASE              N                            12.475               12.475               33000              32982.91               1/1/2007             12/1/2021                   351.56      180      15     FL                   2/1/2007        Y                 220000                   2          0             351.56                                                                               33034          11/20/2006              2      TB0630_BALLOON                                   0            220000                                 0      95                        767           35.65     2YR                                                             0           0           0               0
     1103632006       SFR                               1     NOO       REFI                  Y                                 9                    9              104000             103885.95               1/1/2007             12/1/2036                   836.81      360      80     FL                   2/1/2007        N                 130000                   1          0             836.81                                                                               33916          12/22/2006              2      PF3630_FIXEDRATE                                 0                 0                                 0      80                        619           47.83     NO-PREPAY                                                       0           0           0               0
     1103632012       CONDO                             1     OO        REFI                  Y                             6.375                6.375              500000                500000               1/1/2007             12/1/2036                  2656.25      360      50     CA                   2/1/2007        N                1000000                   1          3            2656.25                                                                               90292          12/26/2006             15      SA0605EI_ARM-INTONLY                             0                 0                                 0      50                        680               0     2YR                                        12/1/2011            6           3           1               3
     1103632049       CONDO                             1     OO        REFI                  N                              6.25                 6.25              460000                460000               1/1/2007             12/1/2036                  2395.83      360      80     CA                   2/1/2007        N                 575000                   1          3            2395.83                                                                               92869          11/30/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        743           43.05     3YR                                        12/1/2011            6           3           1               3
     1103632053       CONDO                             1     NOO       REFI                  N                             5.875                5.875              173000             172908.58              12/1/2006             11/1/2036                   846.98      360   72.09     FL                   2/1/2007        N                 240000                   1          3             846.98                                                                               33063          12/11/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0   72.09                        710           21.98     3YR                                        11/1/2011            6           3           1               3
     1103632066       SFR                               1     NOO       PURCHASE              N                             7.875                7.875              304800                304800               1/1/2007             12/1/2036                  2000.25      360      80     CA                   2/1/2007        N                 465000                   1          3            2000.25                                                                               90043          12/13/2006              2      PA0605EI_ARM-INTONLY                             0            381000                             57150      95                        774           49.94     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103632067       SFR                               1     NOO       PURCHASE              N                              12.6                 12.6               57150              57121.24               1/1/2007             12/1/2021                   614.38      180      15     CA                   2/1/2007        Y                 465000                   2          0             614.38                                                                               90043          12/13/2006              2      TB0630_BALLOON                                   0            381000                                 0      95                        774           49.94     NO-PREPAY                                                       0           0           0               0
     1103632070       2-4FAMILY                         2     NOO       PURCHASE              N                               7.5                  7.5              133000                133000               1/1/2007             12/1/2036                   831.25      360      70     FL                   2/1/2007        N                 195000                   1          3             831.25                                                                               33542           12/7/2006              2      PA1605EI_ARM-INTONLY                             0            190000                             47500      95                        679           31.25     3YR                                        12/1/2011            6           3           1             7.5
     1103632071       2-4FAMILY                         2     NOO       PURCHASE              N                            13.125               13.125               47500              47478.77               1/1/2007             12/1/2021                   530.09      180      25     FL                   2/1/2007        Y                 195000                   2          0             530.09                                                                               33542          12/14/2006              2      TB1630_BALLOON                                   0            190000                                 0      95                        679           31.25     3YR                                                             0           0           0               0
     1103632083       SFR                               1     OO        REFI                  Y                                 7                    7              516000                516000               1/1/2007             12/1/2036                     3010      360      80     CA                   2/1/2007        N                 645000                   1          3               3010                                                                               90242          11/29/2006              2      PA2605EI_ARM-INTONLY                             0                 0                                 0      80                        626           44.43     1YR                                        12/1/2011            6           3           1               3
     1103632091       SFR                               1     OO        REFI                  Y                             6.375                6.375              290000                290000               1/1/2007             12/1/2036                  1540.63      360   67.45     CA                   2/1/2007        N                 430000                   1          3            1540.63                                                                               92595          11/30/2006              8      SA2605EI_ARM-INTONLY                             0                 0                                 0   67.45                        654               0     2YR                                        12/1/2011            6           3           1               3
     1103632110       SFR                               1     NOO       PURCHASE              N                             7.375                7.375              151000                151000               1/1/2007             12/1/2036                   928.02      360   79.48     CA                   2/1/2007        N                 194000                   1          3             928.02                                                                               95966          12/19/2006              2      PA0605EI_ARM-INTONLY                             0            190000                             20000      90                        765           31.75     3YR                                        12/1/2011            6           3           1               3
     1103632112       SFR                               1     NOO       PURCHASE              N                            11.875               11.875               20000              19988.18               1/1/2007             12/1/2021                    203.8      180   10.53     CA                   2/1/2007        Y                 194000                   2          0              203.8                                                                               95966          12/19/2006              2      TB0630_BALLOON                                   0            190000                                 0      90                        765           31.75     3YR                                                             0           0           0               0
     1103632183       D-PUDS                            1     OO        REFI                  N                            10.875               10.875               51500              51442.45              12/1/2006             11/1/2021                   485.59      180      10     VA                   2/1/2007        Y                 515000                   2          0             485.59                                                                               20141           11/9/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        667            38.3     2YR                                                             0           0           0               0
     1103632199       2-4FAMILY                         4     OO        PURCHASE              N                              7.75                 7.75              480000                480000               1/1/2007             12/1/2036                     3100      360      80     CA                   2/1/2007        N                 600000                   1        3.5               3100                                                                               92551          12/11/2006              2      PA0605EI_ARM-INTONLY                             0            600000                            120000     100                        780           46.42     3YR                                        12/1/2011            6           3           1             3.5
     1103632210       2-4FAMILY                         3     OO        PURCHASE              N                             6.875                6.875              850000                850000              10/1/2006              9/1/2036                  4869.79      360   78.71     NY                   2/1/2007        N                1080000                   1       2.25            4869.79                                                                               11378          12/19/2006             17      PA0605EI_ARM-INTONLY                             0           1080000                            230000     100                        799           45.51     NO-PREPAY                                   9/1/2011            6           5           1            2.25
     1103632219       SFR                               1     NOO       PURCHASE              N                            11.925               11.925               26250              26234.64               1/1/2007             12/1/2021                    268.5      180      15     CA                   2/1/2007        Y                 175000                   2          0              268.5                                                                               93230          11/17/2006              2      TB0630_BALLOON                                   0            175000                                 0      95                        689           44.42     3YR                                                             0           0           0               0
     1103632263       SFR                               1     OO        PURCHASE              N                            12.625               12.625               64980              64737.53               1/1/2007             12/1/2021                   699.81      180      20     CA                   2/1/2007        Y                 337000                   2          0             699.81                                                                               92571          11/20/2006              2      TB1630_BALLOON                                   0            324900                                 0     100                        652            44.3     2YR                                                             0           0           0               0
     1103632271       SFR                               1     OO        REFI                  Y                                 6                    6              220000             219780.29               2/1/2007              1/1/2037                  1319.01      360   32.36     CA                   2/1/2007        N                 680000                   1          3            1319.01                                                                               90807          12/19/2006              2      PA0605E_ARM                                      0                 0                            100000   47.06                        723            9.66     2YR                                         1/1/2012            6           3           1               3
     1103632312       D-PUDS                            1     OO        REFI                  N                             6.875                6.875              744000                744000               1/1/2007             12/1/2036                   4262.5      360      80     CA                   2/1/2007        N                 930000                   1          5             4262.5                                                                               92688          12/15/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            186000     100                        721            39.4     NO-PREPAY                                  12/1/2011            6           3           1               5
     1103632319       SFR                               1     NOO       REFI                  Y                             8.125                8.125              103600                103600               1/1/2007             12/1/2036                   701.46      360      70     IL                   2/1/2007        N                 148000                   1          3             701.46                                                                               61107          12/21/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             37000      95                        652              32     NO-PREPAY                                  12/1/2011            6           3           1           8.125
     1103632354       SFR                               1     OO        REFI                  Y                               5.5                  5.5              494000              492916.1               1/1/2007             12/1/2036                  2804.88      360   78.42     CA                   2/1/2007        N                 630000                   1          0            2804.88                                                                               93036           12/8/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   78.42                        743              35     NO-PREPAY                                                       0           0           0               0
     1103632386       CONDO                             1     OO        PURCHASE              N                              6.75                 6.75              423000             422958.64               1/1/2007             12/1/2036                  2379.38      360      90     CA                   2/1/2007        N                 470000                   1       3.75            2379.38                                                                               90504           12/6/2006             15      EA0605EI_ARM-INTONLY                            25            470000                                 0      90                        722               0     3YR                                        12/1/2011            6           3           1            3.75
     1103632436       SFR                               1     OO        PURCHASE              N                            12.375               12.375               97200              97148.57               1/1/2007             12/1/2021                  1027.96      180      20     CA                   2/1/2007        Y                 490000                   2          0            1027.96                                                                               90660          11/30/2006              2      TB1630_BALLOON                                   0            486000                                 0     100                        658           44.62     1YR                                                             0           0           0               0
     1103632448       SFR                               1     OO        REFI                  Y                                 7                    7              132000             131782.97               1/1/2007             12/1/2036                    878.2      360      80     WA                   2/1/2007        N                 165000                   1          0              878.2                                                                               99208          12/13/2006              2      PF1630_FIXEDRATE                                 0                 0                             24750      95                        658           38.86     3YR                                                             0           0           0               0
     1103632491       D-PUDS                            1     NOO       REFI                  Y                              7.75                 7.75              297500                297500               1/1/2007             12/1/2036                  1921.35      360      70     CA                   2/1/2007        N                 425000                   1          3            1921.35                                                                               92342           12/7/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             85000      90                        650           49.45     3YR                                        12/1/2011            6           3           1               3
     1103632500       D-PUDS                            1     NOO       REFI                  Y                             13.75                13.75               85000              84967.03               1/1/2007             12/1/2021                   990.35      180      20     CA                   2/1/2007        Y                 425000                   2          0             990.35                                                                               92342           12/7/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        650           49.45     3YR                                                             0           0           0               0
     1103632508       SFR                               1     OO        REFI                  Y                              7.75                 7.75              106000             105823.87               1/1/2007             12/1/2036                    759.4      360    79.7     OK                   2/1/2007        N                 133000                   1          0              759.4                                                                               74021          12/26/2006              2      PF1630_FIXEDRATE                                 0                 0                             26000   99.25                        675           47.15     NO-PREPAY                                                       0           0           0               0
     1103632522       SFR                               1     NOO       REFI                  Y                             7.125                7.125              154000                154000               2/1/2007              1/1/2037                   914.37      360      70     CA                   2/1/2007        N                 220000                   1          3             914.37                                                                               95966            1/4/2007              2      PA1605EI_ARM-INTONLY                             0                 0                             44000      90                        666           19.37     3YR                                         1/1/2012            6           3           1           7.125
     1103632533       SFR                               1     NOO       REFI                  Y                               6.5                  6.5              169400                169400               1/1/2007             12/1/2036                   917.58      360      70     FL                   2/1/2007        N                 242000                   1          3             917.58                                                                               34953           12/7/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             60500      95                        758           44.93     3YR                                        12/1/2011            6           3           1             6.5
     1103632534       SFR                               1     NOO       REFI                  Y                              11.6                 11.6               60500              60461.98               1/1/2007             12/1/2021                   603.75      180      25     FL                   2/1/2007        Y                 242000                   2          0             603.75                                                                               34953           12/7/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        758           44.93     3YR                                                             0           0           0               0
     1103632561       2-4FAMILY                         4     NOO       REFI                  Y                              7.49                 7.49              546000                546000               1/1/2007             12/1/2036                  3407.95      360      70     CA                   2/1/2007        N                 780000                   1          3            3407.95                                                                               90062          12/11/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             78000      80                        686           40.56     3YR                                        12/1/2011            6           3           1               3
     1103632562       2-4FAMILY                         4     NOO       REFI                  Y                            13.125               13.125               78000              77965.14               1/1/2007             12/1/2021                   870.46      180      10     CA                   2/1/2007        Y                 780000                   2          0             870.46                                                                               90062          12/18/2006              2      TB0630_BALLOON                                   0                 0                                 0      80                        686           40.56     1YR                                                             0           0           0               0
     1103632591       D-PUDS                            1     OO        PURCHASE              N                             12.75                12.75              280000              279863.8               1/1/2007             12/1/2021                  3042.74      180   30.11     FL                   2/1/2007        Y                 980000                   2          0            3042.74                                                                               33157           12/7/2006              2      TB1630_BALLOON                                   0            930000                                 0     100                        650           49.88     1YR                                                             0           0           0               0
     1103632594       SFR                               1     OO        PURCHASE              N                             7.125                7.125              508000                508000               1/1/2007             12/1/2036                  3016.25      360      80     FL                   2/1/2007        N                 635000                   1          4            3016.25                                                                               33185           12/5/2006              2      PA1605EI_ARM-INTONLY                             0            635000                            127000     100                        658           36.85     NO-PREPAY                                  12/1/2011            6           3           1               4
     1103632600       SFR                               1     OO        PURCHASE              N                            12.725               12.725              127000             126937.87               1/1/2007             12/1/2021                  1377.63      180      20     FL                   2/1/2007        Y                 635000                   2          0            1377.63                                                                               33185           12/5/2006              2      TB1630_BALLOON                                   0            635000                                 0     100                        658           36.07     NO-PREPAY                                                       0           0           0               0
     1103632683       D-PUDS                            1     OO        REFI                  Y                             11.75                11.75               28500              28471.23              12/1/2006             11/1/2021                   287.68      180      10     NV                   2/1/2007        Y                 285000                   2          0             287.68                                                                               89031          11/16/2006              2      TB1630_BALLOON                                   0                 0                                 0      85                        642           39.21     3YR                                                             0           0           0               0
     1103632695       SFR                               1     OO        REFI                  Y                             7.375                7.375              135800                135800               1/1/2007             12/1/2036                    834.6      360      70     IL                   2/1/2007        N                 194000                   1          3              834.6                                                                               60473          11/28/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             48500      95                        655           33.03     3YR                                        12/1/2011            6           3           1           7.375
     1103632696       SFR                               1     OO        REFI                  Y                            11.825               11.825               48500              48470.99               1/1/2007             12/1/2021                   492.36      180      25     IL                   2/1/2007        Y                 194000                   2          0             492.36                                                                               60473          11/28/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        655           33.03     NO-PREPAY                                                       0           0           0               0
     1103632703       SFR                               1     NOO       PURCHASE              N                              9.35                 9.35               84600              84513.78               1/1/2007             12/1/2036                   702.12      360   89.98     PA                   2/1/2007        N                 122000                   1          3             702.12                                                                               18702          12/29/2006              2      PA0405E_ARM                                     25             94030                                 0   89.98                        700           34.26     1YR                                        12/1/2011            6           3           1               3
     1103632725       SFR                               1     OO        REFI                  N                             6.375                6.375              390000                390000               1/1/2007             12/1/2036                  2071.88      360      75     CA                   2/1/2007        N                 520000                   1          3            2071.88                                                                               92069          11/30/2006              8      SA2605EI_ARM-INTONLY                             0                 0                             92500   92.79                        664               0     3YR                                        12/1/2011            6           3           1               3
     1103632747       D-PUDS                            1     NOO       REFI                  Y                             12.75                12.75              137250             137183.23               1/1/2007             12/1/2021                  1491.49      180      15     CA                   2/1/2007        Y                 915000                   2          0            1491.49                                                                               92867          12/12/2006              2      TB0630_BALLOON                                   0                 0                                 0      90                        714           42.43     NO-PREPAY                                                       0           0           0               0
     1103632764       SFR                               1     OO        PURCHASE              N                             7.875                7.875              141600             141206.35              11/1/2006             10/1/2036                   1026.7      360      80     IL                   2/1/2007        N                 177000                   1          5             1026.7                                                                               60629          12/14/2006             17      PA0602E_ARM                                      0            177000                             35400     100                        714          46.047     NO-PREPAY                                  10/1/2008            5           3           1               5
     1103632768       CONDO                             1     OO        PURCHASE              N                             8.125                8.125              975000                975000              11/1/2006             10/1/2036                  6601.56      360      75     FL                   2/1/2007        N                1300000                   1       2.25            6601.56                                                                               33301          12/14/2006              2      PA0602EI_ARM-INTONLY                             0           1300000                            260000      95                        755          35.825     3YR                                        10/1/2008            5           3           1            2.25
     1103632791       PUD                               1     2ND       REFI                  Y                               6.5                  6.5              815500                815500              11/1/2006             10/1/2036                  4417.29      360      70     TN                   2/1/2007        N                1165000                   1       2.25            4417.29                                                                               37066          12/14/2006              8      XA1630DI_ARM-INTONLY                             0                 0                                 0      70                        696               0     NO-PREPAY                                  10/1/2007            6           2           2            2.25
     1103632803       SFR                               1     OO        REFI                  Y                             6.125                6.125              107200             106885.82              12/1/2006             11/1/2036                   651.36      360      80     NC                   2/1/2007        N                 134000                   1        2.5             651.36                                                                               27610          11/29/2006              1      XA2630D_ARM                                      0                 0                             13400      90                        664          27.389     NO-PREPAY                                  11/1/2007            6           2           2             2.5
     1103632804       SFR                               1     OO        PURCHASE              N                                 6                    6              180500             179592.52              10/1/2006              9/1/2036                  1082.19      360      95     GA                   2/1/2007        N                 190000                   1        2.5            1082.19                                                                               30060          11/29/2006              1      BA1230D_ARM                                     30            190000                                 0      95                        662          24.909     NO-PREPAY                                   9/1/2007            6           2           2             2.5
     1103632811       SFR                               1     OO        REFI                  N                             5.625                5.625              417000             415656.32              12/1/2006             11/1/2036                  2400.49      360      72     CA                   2/1/2007        N                 579167                   1        2.5            2400.49                                                                               91977          11/29/2006              1      XA1630D_ARM                                      0                 0                             57917      82                        680          26.505     NO-PREPAY                                  11/1/2007            6           2           2             2.5
     1103632812       CONDO                             1     OO        REFI                  N                             6.125                6.125              132600                132600               9/1/2006              8/1/2036                   676.81      360   79.88     NV                   2/1/2007        N                 166000                   1       2.25             676.81                                                                               89130          11/29/2006              1      XA0630DI_ARM-INTONLY                             0                 0                                 0   79.88                        738          33.989     NO-PREPAY                                   8/1/2009        4.875           2           2            2.25
     1103632817       SFR                               1     OO        REFI                  Y                             4.875                4.875              180000             178189.37              11/1/2006             10/1/2036                   731.25      360      80     SC                   2/1/2007        N                 225000                   1       2.25             731.25                                                                               29302          11/29/2006              1      XA0630DI_ARM-INTONLY                             0                 0                             22500      90                        793           18.42     NO-PREPAY                                  10/1/2009        6.125           2           2            2.25
     1103632828       SFR                               1     OO        REFI                  N                                 6                    6              392000             391854.01              10/1/2006              9/1/2036                     1960      360      80     AZ                   2/1/2007        N                 490000                   1       2.25               1960                                                                               85653          11/29/2006              1      XA0630DI_ARM-INTONLY                             0                 0                             73500      95                        689          34.839     NO-PREPAY                                   9/1/2009            5           2           2            2.25
     1103632830       SFR                               1     2ND       PURCHASE              N                                 6                    6               39900              39658.68               9/1/2006              8/1/2036                   239.22      360      95     IA                   2/1/2007        N                  42500                   1        2.5             239.22                                                                               50147          11/29/2006              1      BA0230D_ARM                                     30             42000                                 0      95                        795          53.049     NO-PREPAY                                   8/1/2007            6           2           2             2.5
     1103632836       SFR                               1     OO        REFI                  Y                               6.5                  6.5              502400                502400              12/1/2006             11/1/2036                  2721.33      360      80     CA                   2/1/2007        N                 628000                   1       2.25            2721.33                                                                               95127          11/30/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        648              40     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103632837       2-4FAMILY                         2     OO        REFI                  Y                              6.25                 6.25              400000                400000              12/1/2006             11/1/2036                  2083.33      360      80     NY                   2/1/2007        N                 500000                   1       2.25            2083.33                                                                               10473          12/14/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        714              29     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103632840       SFR                               1     OO        REFI                  Y                             6.125                6.125              660800             660465.28              11/1/2006             10/1/2036                  3372.83      360   79.14     NJ                   2/1/2007        N                 835000                   1       2.75            3372.83                                                                               07076          11/30/2006              1      XA1605DI_ARM-INTONLY                             0                 0                             65882   87.03                        675           29.08     NO-PREPAY                                  10/1/2011            5           5           2            2.75
     1103632846       CONDO                             1     OO        PURCHASE              N                              6.25                 6.25              396800                396800              12/1/2006             11/1/2036                  2066.67      360      80     CA                   2/1/2007        N                 496000                   1       2.25            2066.67                                                                               94587          11/30/2006              2      PA0605EI_ARM-INTONLY                             0            496000                             99200     100                        771              40     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103632848       2-4FAMILY                         4     NOO       REFI                  Y                              6.25                 6.25              325000             324691.63              12/1/2006             11/1/2036                  1692.71      360   68.43     DC                   2/1/2007        N                 475000                   1       2.25            1692.71                                                                               20017          11/30/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   68.43                        752           37.94     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103632873       SFR                               1     OO        PURCHASE              N                                 7                    7              284000                284000              12/1/2006             11/1/2036                  1656.67      360      80     NY                   2/1/2007        N                 380000                   1          0            1656.67                                                                               10303          12/15/2006              2      PF0630I_FIX-INTONLY                              0            355000                             71000     100                        714           38.49     NO-PREPAY                                                       0           0           0               0
     1103632940       SFR                               1     OO        REFI                  Y                             6.625                6.625              198750                198750               1/1/2007             12/1/2036                  1097.27      360      75     CA                   2/1/2007        N                 265000                   1          3            1097.27                                                                               93534          11/29/2006             17      PA0605EI_ARM-INTONLY                             0                 0                             53000      95                        713              39     1YR                                        12/1/2011            6           3           1               3
     1103632967       CONDO                             1     OO        PURCHASE              N                               6.5                  6.5              236000                236000               1/1/2007             12/1/2036                  1278.33      360      80     CA                   2/1/2007        N                 295000                   1          3            1278.33                                                                               90813           12/8/2006              2      PA0605EI_ARM-INTONLY                             0            295000                             59000     100                        686           38.46     3YR                                        12/1/2011            6           3           1               3
     1103632978       CONDO                             1     OO        PURCHASE              N                               7.5                  7.5              410000                410000               1/1/2007             12/1/2036                   2562.5      360      80     CA                   2/1/2007        N                 512500                   1          3             2562.5                                                                               91764          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            512500                            102500     100                        643           39.22     1YR                                        12/1/2011            6           3           1               3
     1103633010       CONDO                             1     OO        REFI                  N                             6.375                6.375              264000                264000               1/1/2007             12/1/2036                   1402.5      360      80     CA                   2/1/2007        N                 330000                   1          3             1402.5                                                                               90723          12/21/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        760           37.13     2YR                                        12/1/2011            6           3           1               3
     1103633013       SFR                               1     OO        REFI                  N                                 6                    6              213600                213600               1/1/2007             12/1/2036                     1068      360      80     AZ                   2/1/2007        N                 267000                   1          3               1068                                                                               85037          11/30/2006              1      PA2605EI_ARM-INTONLY                             0                 0                             53400     100                        634           39.16     3YR                                        12/1/2011            6           3           1               3
     1103633019       SFR                               1     OO        REFI                  Y                              7.25                 7.25              431000                431000               1/1/2007             12/1/2036                  2603.96      360   63.86     CA                   2/1/2007        N                 675000                   1          3            2603.96                                                                               94561          12/15/2006              7      SA2605EI_ARM-INTONLY                             0                 0                            244000     100                        668           48.79     3YR                                        12/1/2011            6           3           1               3
     1103633036       SFR                               1     OO        REFI                  N                            12.125               12.125               53400              53370.13               1/1/2007             12/1/2021                   554.42      180      20     AZ                   2/1/2007        Y                 267000                   2          0             554.42                                                                               85037          11/30/2006              1      TB2630_BALLOON                                   0                 0                                 0     100                        634           39.16     3YR                                                             0           0           0               0
     1103633086       CONDO                             1     OO        PURCHASE              N                              5.75                 5.75              395200                395200              12/1/2006             11/1/2036                  1893.67      360      80     CA                   2/1/2007        N                 495000                   1       2.25            1893.67                                                                               92126          12/11/2006              1      PA0605EI_ARM-INTONLY                             0            494000                             98800     100                        769           31.71     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103633093       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              290950                290950              12/1/2006             11/1/2036                  1515.36      360      80     CA                   2/1/2007        N                 370000                   1       2.25            1515.36                                                                               92592          11/27/2006              1      PA1605EI_ARM-INTONLY                             0            363695                             72700   99.99                        654            36.6     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103633095       2-4FAMILY                         2     OO        PURCHASE              N                             6.875                6.875              920000                920000              11/1/2006             10/1/2036                  5270.83      360      80     CA                   2/1/2007        N                1150000                   1       2.25            5270.83                                                                               94131          12/12/2006              2      PA1605EI_ARM-INTONLY                             0           1150000                            230000     100                        673           34.64     NO-PREPAY                                  10/1/2011            6           6           2            2.25
     1103633164       D-PUDS                            1     OO        REFI                  Y                             6.125                6.125              223200                223200               2/1/2007              1/1/2037                  1139.25      360      80     AZ                   2/1/2007        N                 279000                   1          3            1139.25                                                                               85326          12/20/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        705           42.99     2YR                                         1/1/2012            6           3           1               3
     1103633174       SFR                               1     NOO       PURCHASE              N                                 6                    6              214400                214400               1/1/2007             12/1/2036                     1072      360      75     CA                   2/1/2007        N                 286000                   1          3               1072                                                                               92543          11/30/2006              2      PA1605EI_ARM-INTONLY                             0            285900                             42850   89.98                        673           30.21     1YR                                        12/1/2011            6           3           1               3
     1103633180       D-PUDS                            1     OO        REFI                  Y                                 6                    6              620000                620000               1/1/2007             12/1/2036                     3100      360   69.98     CA                   2/1/2007        N                 886000                   1        2.5               3100                                                                               91913           12/5/2006              8      SA1605EI_ARM-INTONLY                             0                 0                                 0   69.98                        755           43.47     3YR                                        12/1/2011            6           3           1             2.5
     1103633213       SFR                               1     OO        REFI                  Y                             5.625                5.625              334000                333000               1/1/2007             12/1/2036                  1565.63      360   61.86     CA                   2/1/2007        N                 540000                   1          3            1565.63                                                                               91505           12/8/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0   61.86                        654           43.26     3YR                                        12/1/2011            6           3           1               3
     1103633274       SFR                               1     OO        PURCHASE              N                              7.25                 7.25              226250                226250               1/1/2007             12/1/2036                  1366.93      360   79.99     CA                   2/1/2007        N                 285000                   1          3            1366.93                                                                               93274          12/11/2006              2      PA1605EI_ARM-INTONLY                             0            282868                             56300   99.89                        653           36.89     3YR                                        12/1/2011            6           3           1               3
     1103633289       SFR                               1     OO        PURCHASE              N                              12.1                 12.1               56300                 56300               1/1/2007             12/1/2021                   567.69      180   19.91     CA                   2/1/2007        Y                 285000                   2          0             567.69                                                                               93274          12/11/2006              2      TB1630I_BALLOON-INTONLY                          0            282868                                 0   99.89                        653           36.89     3YR                                                             0           0           0               0
     1103633307       CONDO                             1     OO        PURCHASE              N                             5.625                5.625              318500                318500               1/1/2007             12/1/2036                  1492.97      360      70     CA                   2/1/2007        N                 455000                   1          3            1492.97                                                                               92688           12/5/2006             17      PA0605EI_ARM-INTONLY                             0            455000                            136500     100                        705           36.33     2YR                                        12/1/2011            6           3           1               3
     1103633351       SFR                               1     OO        REFI                  Y                              6.25                 6.25              572000                572000               1/1/2007             12/1/2036                  2979.17      360      80     CA                   2/1/2007        N                 715000                   1          3            2979.17                                                                               94538           12/8/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             35750      85                        704           40.68     3YR                                        12/1/2011            6           3           1               3
     1103633374       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              223200                223200               2/1/2007              1/1/2037                   1162.5      360      80     NV                   2/1/2007        N                 280000                   1          3             1162.5                                                                               89145          12/29/2006              2      PA0603EI_ARM-INTONLY                             0            279000                             55800     100                        697           33.07     1YR                                         1/1/2010            6           3           1               3
     1103633456       SFR                               1     OO        REFI                  Y                               8.5                  8.5              114950             114810.23               1/1/2007             12/1/2036                   883.87      360      95     OK                   2/1/2007        N                 121000                   1          3             883.87                                                                               73162          11/29/2006              8      SA2602E_ARM                                     30                 0                                 0      95                        660               0     3YR                                        12/1/2009            6           3           1               3
     1103633469       SFR                               1     NOO       PURCHASE              N                                13                   13               24550              24538.72               1/1/2007             12/1/2021                   271.57      180   19.98     WA                   2/1/2007        Y                 126000                   2          0             271.57                                                                               99362           12/8/2006              2      TB0630_BALLOON                                   0            122880                                 0   94.98                        705           36.65     NO-PREPAY                                                       0           0           0               0
     1103633471       SFR                               1     NOO       REFI                  Y                              7.25                 7.25              420000                420000               1/1/2007             12/1/2036                   2537.5      360   78.51     CA                   2/1/2007        N                 535000                   1        2.5             2537.5                                                                               92126          12/20/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0   78.51                        669           41.77     3YR                                        12/1/2011            6           3           1             2.5
     1103633522       SFR                               1     OO        REFI                  Y                             5.625                5.625              312000             310530.64              12/1/2006             11/1/2036                   1462.5      360      80     CA                   2/1/2007        N                 390000                   1       2.75             1462.5                                                                               92337           12/6/2006              2      PA0630EI_ARM-INTONLY                             0                 0                                 0      80                        770           42.31     NO-PREPAY                                   5/1/2007            6           3           1            2.75
     1103633525       SFR                               1     OO        PURCHASE              N                              5.75                 5.75              352000                352000              12/1/2006             11/1/2036                  1686.67      360      80     CA                   2/1/2007        N                 490000                   1       2.75            1686.67                                                                               94541          11/22/2006              2      PA0603EI_ARM-INTONLY                             0            440000                             44000      90                        760           32.85     NO-PREPAY                                  11/1/2009            6           3           1            2.75
     1103633528       CONDO                             1     OO        REFI                  N                               6.5                  6.5              496000                496000              12/1/2006             11/1/2036                  2686.67      360      80     CA                   2/1/2007        N                 620000                   1       2.75            2686.67                                                                               92869           12/6/2006             17      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        733           39.97     NO-PREPAY                                  11/1/2011            6           3           1            2.75
     1103633537       SFR                               1     OO        REFI                  Y                             6.375                6.375              384000                384000              12/1/2006             11/1/2036                     2040      360      80     CA                   2/1/2007        N                 480000                   1       2.75               2040                                                                               92860          11/22/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             33600      87                        715           38.38     1YR                                        11/1/2011            6           3           1            2.75
     1103633542       SFR                               1     OO        PURCHASE              N                             5.875                5.875              452000             451993.41              12/1/2006             11/1/2036                  2212.92      360      80     WA                   2/1/2007        N                 565000                   1       2.75            2212.92                                                                               98103          11/22/2006             17      PA0630EI_ARM-INTONLY                             0            565000                                 0      80                        702           39.51     NO-PREPAY                                   5/1/2007            6           3           1            2.75
     1103633543       SFR                               1     NOO       PURCHASE              N                              6.25                 6.25              256000                256000              12/1/2006             11/1/2036                  1333.33      360      80     CA                   2/1/2007        N                 508000                   1          3            1333.33                                                                               92069          11/22/2006              1      PA0607EI_ARM-INTONLY                             0            320000                                 0      80                        701           39.11     3YR                                        11/1/2013            6           3           1               3
     1103633548       PUD                               1     OO        REFI                  Y                             6.375                6.375              360000             359824.54              12/1/2006             11/1/2036                   1912.5      360      80     CA                   2/1/2007        N                 450000                   1       2.75             1912.5                                                                               91754          11/22/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        694           40.22     3YR                                        11/1/2011            6           3           1            2.75
     1103633551       SFR                               1     OO        REFI                  Y                             6.125                6.125              627000                627000              12/1/2006             11/1/2036                  3200.31      360   78.38     CA                   2/1/2007        N                 800000                   1       2.75            3200.31                                                                               90019           12/6/2006              2      PA0630EI_ARM-INTONLY                             0                 0                                 0   78.38                        689           36.43     NO-PREPAY                                   5/1/2007            6           3           1            2.75
     1103633552       CONDO                             1     OO        REFI                  N                             5.625                5.625              360000                360000              12/1/2006             11/1/2036                   1687.5      360      80     CA                   2/1/2007        N                 450000                   1       2.75             1687.5                                                                               91745          11/22/2006              2      PA0603EI_ARM-INTONLY                             0                 0                             45000      90                        688           44.75     1YR                                        11/1/2009            6           3           1            2.75
     1103633553       CONDO                             1     OO        REFI                  Y                             6.125                6.125              480000                480000              12/1/2006             11/1/2036                     2450      360      80     CA                   2/1/2007        N                 600000                   1       2.75               2450                                                                               91342          11/22/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        686           24.26     1YR                                        11/1/2011            6           3           1            2.75
     1103633554       SFR                               1     OO        REFI                  Y                               6.5                  6.5              328000                328000              12/1/2006             11/1/2036                  1776.67      360      80     NV                   2/1/2007        N                 410000                   1       2.75            1776.67                                                                               89014           12/6/2006              2      PA0607EI_ARM-INTONLY                             0                 0                                 0      80                        685           42.17     NO-PREPAY                                  11/1/2013            6           3           1            2.75
     1103633555       CONDO                             1     OO        REFI                  N                                 6                    6              310000                310000              12/1/2006             11/1/2036                     1550      360    77.5     WA                   2/1/2007        N                 400000                   1       2.75               1550                                                                               98004          11/22/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0    77.5                        681           28.45     3YR                                        11/1/2011            6           3           1            2.75
     1103633557       CONDO                             1     OO        REFI                  N                               6.5                  6.5              498500                498500              12/1/2006             11/1/2036                  2700.21      360   75.54     CA                   2/1/2007        N                 660000                   1       2.75            2700.21                                                                               90042          11/22/2006              2      PA1607EI_ARM-INTONLY                             0                 0                             95502   90.01                        672            33.5     1YR                                        11/1/2013            6           3           1            2.75
     1103633558       SFR                               1     OO        REFI                  Y                               6.5                  6.5              610000                610000              12/1/2006             11/1/2036                  3304.17      360    74.4     CA                   2/1/2007        N                 820000                   1       2.75            3304.17                                                                               90621          11/22/2006              2      PA1607EI_ARM-INTONLY                             0                 0                             69000   82.81                        670           37.17     NO-PREPAY                                  11/1/2013            6           3           1            2.75
     1103633559       SFR                               1     OO        REFI                  Y                             5.875                5.875              417000                417000              12/1/2006             11/1/2036                  2041.56      360   79.43     CA                   2/1/2007        N                 525000                   1       2.75            2041.56                                                                               90650          11/22/2006              2      PA1603EI_ARM-INTONLY                             0                 0                                 0   79.43                        669           44.75     NO-PREPAY                                  11/1/2009            6           3           1            2.75
     1103633584       PUD                               1     OO        REFI                  Y                             6.875                6.875              364000                364000              12/1/2006             11/1/2036                  2085.42      360      80     NV                   2/1/2007        N                 455000                   1       3.25            2085.42                                                                               89084          11/22/2006              2      XA1605DI_ARM-INTONLY                             0                 0                             22750      85                        652           38.29     NO-PREPAY                                  11/1/2011            5           5           2            3.25
     1103633590       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              532000                532000              12/1/2006             11/1/2036                  2770.83      360   79.84     CA                   2/1/2007        N                 680000                   1       3.25            2770.83                                                                               95401          11/22/2006              8      XA0605DI_ARM-INTONLY                             0            666365                            134339     100                        692               0     3YR                                        11/1/2011            5           5           2            3.25
     1103633593       PUD                               1     OO        PURCHASE              N                              6.25                 6.25              271920             271919.96              12/1/2006             11/1/2036                  1416.25      360      80     VA                   2/1/2007        N                 360000                   1       3.25            1416.25                                                                               22602          11/22/2006              1      XA1605DI_ARM-INTONLY                             0            339900                             67980     100                        652           47.84     NO-PREPAY                                  11/1/2011            5           5           2            3.25
     1103633595       CONDO                             1     OO        REFI                  Y                             6.375                6.375              327500                327500              12/1/2006             11/1/2036                  1739.84      360   77.98     CA                   2/1/2007        N                 420000                   1       3.25            1739.84                                                                               92780          11/22/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0   77.98                        782           48.12     3YR                                        11/1/2011            5           5           2            3.25
     1103633629       SFR                               1     NOO       REFI                  Y                              7.75                 7.75              245000                245000               1/1/2007             12/1/2036                  1582.29      360      70     CA                   2/1/2007        N                 350000                   1          3            1582.29                                                                               92345          12/14/2006              2      PA2605EI_ARM-INTONLY                             0                 0                             70000      90                        627           44.43     3YR                                        12/1/2011            6           3           1               3
     1103633660       SFR                               1     NOO       REFI                  N                              6.25                 6.25              309000             308107.19               1/1/2007             12/1/2036                  1609.38      360   60.83     CA                   2/1/2007        N                 508000                   1          3            1609.38                                                                               92591           12/8/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   60.83                        756           51.89     6MO                                        12/1/2011            6           3           1               3
     1103633663       HI-RISE                           1     OO        PURCHASE              N                                 7                    7              221750                221750               1/1/2007             12/1/2036                  1293.54      360      80     CA                   2/1/2007        N                 297500                   1       2.75            1293.54                                                                               92101          12/26/2006              1      PA2605EI_ARM-INTONLY                             0            277195                             55400   99.99                        624            47.6     1YR                                        12/1/2011            6           3           1            2.75
     1103633676       CONDO                             1     NOO       PURCHASE              N                              8.25                 8.25              172000                172000               1/1/2007             12/1/2036                   1182.5      360      80     FL                   2/1/2007        N                 300000                   1          3             1182.5                                                                               34109          12/14/2006              2      PA0605EI_ARM-INTONLY                             0            215000                             32250      95                        682           23.88     3YR                                        12/1/2011            6           3           1            8.25
     1103633677       CONDO                             1     NOO       PURCHASE              N                              12.3                 12.3               32250              32232.63               1/1/2007             12/1/2021                    339.2      180      15     FL                   2/1/2007        Y                 300000                   2          0              339.2                                                                               34109          12/14/2006              2      TB0630_BALLOON                                   0            215000                                 0      95                        682           23.88     3YR                                                             0           0           0               0
     1103633688       SFR                               1     NOO       REFI                  Y                              6.75                 6.75              228000                228000               1/1/2007             12/1/2036                   1282.5      360      60     OR                   2/1/2007        N                 380000                   1          3             1282.5                                                                               97213           12/7/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      60                        708           42.59     2YR                                        12/1/2011            6           3           1               3
     1103633741       SFR                               1     OO        PURCHASE              N                                 7                    7              339750                339750               1/1/2007             12/1/2036                  1981.88      360      75     AZ                   2/1/2007        N                 453000                   1          3            1981.88                                                                               86325          12/13/2006              2      PA0605EI_ARM-INTONLY                             0            453000                            113250     100                        695           42.61     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103633750       SFR                               1     OO        PURCHASE              N                             6.125                6.125              388000                388000              12/1/2006             11/1/2036                  1980.42      360      80     CA                   2/1/2007        N                 510000                   1          3            1980.42                                                                               93551          11/30/2006              2      PA0605EI_ARM-INTONLY                             0            485000                             97000     100                        692              46     3YR                                        11/1/2011            6           3           1               3
     1103633758       HI-RISE                           1     2ND       PURCHASE              N                             6.125                6.125              325500                325500               1/1/2007             12/1/2036                  1661.41      360      70     AL                   2/1/2007        N                 585000                   1          3            1661.41                                                                               36542          12/11/2006              1      PA0605EI_ARM-INTONLY                             0            465000                            116200   94.99                        766           32.01     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103633780       HI-RISE                           1     2ND       PURCHASE              N                              7.25                 7.25              230300                230300               1/1/2007             12/1/2036                   1391.4      360   67.74     MS                   2/1/2007        N                 470000                   1          3             1391.4                                                                               39507          12/14/2006              2      PA0605EI_ARM-INTONLY                             0            340000                             68000   87.74                        741           38.83     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103633782       HI-RISE                           1     2ND       PURCHASE              N                             6.125                6.125              255400                255400               1/1/2007             12/1/2036                   1303.6      360      70     FL                   2/1/2007        N                 444000                   1          3             1303.6                                                                               32550          12/14/2006              1      PA0605EI_ARM-INTONLY                             0            364900                             91200   94.99                        791            33.6     3YR                                        12/1/2011            6           3           1               3
     1103633800       D-PUDS                            1     OO        PURCHASE              N                             5.875                5.875              243750                243750               1/1/2007             12/1/2036                  1193.36      360      75     NV                   2/1/2007        N                 340000                   1          3            1193.36                                                                               89521          12/26/2006             12      SA1607EI_ARM-INTONLY                             0            325000                                 0      75                        699               0     NO-PREPAY                                  12/1/2013            6           3           1               3
     1103633853       SFR                               1     NOO       REFI                  N                             5.625                5.625              333500                333500               1/1/2007             12/1/2036                  1563.28      360   68.77     CA                   2/1/2007        N                 485000                   1          3            1563.28                                                                               92119           12/7/2006              1      PA0603EI_ARM-INTONLY                             0                 0                                 0   68.77                        778           49.53     1YR                                        12/1/2009            6           3           1               3
     1103633932       SFR                               1     OO        REFI                  Y                             6.875                6.875              272000                272000              12/1/2006             11/1/2036                  1558.33      360      80     VA                   2/1/2007        N                 340000                   1       3.25            1558.33                                                                               22191          12/14/2006              8      SA2605EI_ARM-INTONLY                             0                 0                                 0      80                        633               0     1YR                                        11/1/2011            5           5           1            3.25
     1103633936       SFR                               1     OO        PURCHASE              N                               7.5                  7.5              207920                207920              12/1/2006             11/1/2036                   1299.5      360      80     MD                   2/1/2007        N                 260000                   1       3.25             1299.5                                                                               20785          12/14/2006              8      SA0605EI_ARM-INTONLY                             0            259900                             51980     100                        706               0     NO-PREPAY                                  11/1/2011            5           5           1            3.25
     1103633944       SFR                               1     OO        REFI                  Y                                 6                    6              258400             257624.41              12/1/2006             11/1/2036                  1549.24      360      80     MD                   2/1/2007        N                 323000                   1       3.25            1549.24                                                                               21769          11/28/2006              2      PA0605E_ARM                                      0                 0                                 0      80                        709           39.45     NO-PREPAY                                  11/1/2011            5           5           1            3.25
     1103633979       2-4FAMILY                         2     NOO       PURCHASE              N                             7.875                7.875              103530                103530               1/1/2007             12/1/2036                   679.42      360      70     MD                   2/1/2007        N                 147900                   1          3             679.42                                                                               21206          12/14/2006              2      PA1605EI_ARM-INTONLY                             0            147900                             36975      95                        647           45.48     3YR                                        12/1/2011            6           3           1           7.875
     1103634019       SFR                               1     OO        REFI                  Y                             5.875                5.875              200000                200000               1/1/2007             12/1/2036                   979.17      360   48.79     CA                   2/1/2007        N                 410000                   1          3             979.17                                                                               91764           12/8/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0   48.79                        759           39.84     6MO                                        12/1/2011            6           3           1               3
     1103634032       HI-RISE                           1     OO        PURCHASE              N                              6.25                 6.25              625000             624406.98               2/1/2007              1/1/2037                  3848.23      360   51.03     NY                   2/1/2007        N                1250000                   1          0            3848.23                                                                               11211          12/29/2006              2      PF0630_FIXEDRATE                                 0           1225000                                 0   51.03                        682              44     NO-PREPAY                                                       0           0           0               0
     1103634065       SFR                               1     OO        REFI                  Y                                 6                    6              625000                625000               1/1/2007             12/1/2036                     3125      360   29.77     CA                   2/1/2007        N                2100000                   1          3               3125                                                                               92651          12/12/2006              1      PA0607EI_ARM-INTONLY                             0                 0                                 0   29.77                        737           45.48     3YR                                        12/1/2013            6           3           1               3
     1103634153       D-PUDS                            1     NOO       PURCHASE              N                              7.25                 7.25              147000                147000               1/1/2007             12/1/2036                   888.13      360      70     CO                   2/1/2007        N                 230000                   1          3             888.13                                                                               80501          12/14/2006              2      PA1605EI_ARM-INTONLY                             0            210000                             42000      90                        678           41.01     NO-PREPAY                                  12/1/2011            6           3           1            7.25
     1103634154       D-PUDS                            1     NOO       PURCHASE              N                              13.4                 13.4               42000              41982.34               1/1/2007             12/1/2021                   477.78      180      20     CO                   2/1/2007        Y                 230000                   2          0             477.78                                                                               80501          12/14/2006              2      TB1630_BALLOON                                   0            210000                                 0      90                        678           41.01     NO-PREPAY                                                       0           0           0               0
     1103634165       CONDO                             1     OO        PURCHASE              N                             9.125                9.125              195035                195035               3/1/2007              2/1/2037                  1586.87      360      95     FL                   2/1/2007        N                 210000                   1          0            1586.87                                                                               33637           1/26/2007             12      SF0630_FIXEDRATE                                30            205300                                 0      95                        749               0     2YR                                                             0           0           0               0
     1103634206       SFR                               1     NOO       PURCHASE              N                             7.875                7.875              324000                324000               1/1/2007             12/1/2036                  2126.25      360      80     CA                   2/1/2007        N                 405000                   1          3            2126.25                                                                               95966          12/21/2006              2      PA0605EI_ARM-INTONLY                             0            405000                             40500      90                        703           35.64     3YR                                        12/1/2011            6           3           1               3
     1103634214       SFR                               1     OO        REFI                  N                              5.99                 5.99              388000             387946.91               1/1/2007             12/1/2036                  1936.77      360      80     CA                   2/1/2007        N                 485000                   1          3            1936.77                                                                               92057           12/8/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             72750      95                        734            42.6     3YR                                        12/1/2011            6           3           1               3
     1103634216       SFR                               1     NOO       PURCHASE              N                             12.25                12.25               40500              40477.97               1/1/2007             12/1/2021                    424.4      180      10     CA                   2/1/2007        Y                 405000                   2          0              424.4                                                                               95966          12/21/2006              2      TB0630_BALLOON                                   0            405000                                 0      90                        703           35.64     3YR                                                             0           0           0               0
     1103634227       D-PUDS                            1     NOO       PURCHASE              N                             7.375                7.375              117215                117215               1/1/2007             12/1/2036                   720.38      360      70     CO                   2/1/2007        N                 171000                   1          0             720.38                                                                               80916           12/7/2006              2      PF1630I_FIX-INTONLY                              0            167450                             41862      95                        666           49.14     NO-PREPAY                                                       0           0           0               0
     1103634233       CONDO                             1     OO        REFI                  Y                             6.875                6.875              428600             428239.92               2/1/2007              1/1/2037                   2815.6      360   77.23     CA                   2/1/2007        N                 555000                   1          0             2815.6                                                                               92614          12/21/2006              1      PF1630_FIXEDRATE                                 0                 0                                 0   77.23                        647            46.6     2YR                                                             0           0           0               0
     1103634276       SFR                               1     OO        REFI                  N                               6.7                  6.7              562500                562500               1/1/2007             12/1/2036                  3140.63      360      75     CA                   2/1/2007        N                 750000                   1          3            3140.63                                                                               90241           12/8/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            187500     100                        709           38.02     1YR                                        12/1/2011            6           3           1               3
     1103634313       SFR                               1     NOO       PURCHASE              N                             10.75                10.75               27900              27857.42              11/1/2006             10/1/2021                   260.44      180      15     UT                   2/1/2007        Y                 186000                   2          0             260.44                                                                               84401          12/13/2006              2      TB0630_BALLOON                                   0            191979                                 0      90                        717           23.37     NO-PREPAY                                                       0           0           0               0
     1103634325       2-4FAMILY                         2     NOO       PURCHASE              N                            10.125               10.125              231200             231100.42               2/1/2007              1/1/2037                  2050.33      360      80     NJ                   2/1/2007        N                 300000                   1          3            2050.33                                                                               07055            1/4/2007              2      PA1605E_ARM                                      0            289000                             43350      95                        643           46.43     NO-PREPAY                                   1/1/2012            6           3           1          10.125
     1103634351       SFR                               1     OO        REFI                  N                               7.5                  7.5              508000                508000               1/1/2007             12/1/2036                     3175      360      80     CA                   2/1/2007        N                 635000                   1          3               3175                                                                               92804          12/14/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            127000     100                        687           40.47     3YR                                        12/1/2011            6           3           1               3
     1103634353       SFR                               1     OO        PURCHASE              N                             6.875                6.875              392800                392800               1/1/2007             12/1/2036                  2250.42      360      80     CA                   2/1/2007        N                 495000                   1          3            2250.42                                                                               90250          11/22/2006              2      PA2605EI_ARM-INTONLY                             0            491000                             98200     100                        634           41.47     3YR                                        12/1/2011            6           3           1               3
     1103634355       SFR                               1     OO        PURCHASE              N                             12.35                12.35               98200              98134.25               1/1/2007             12/1/2021                  1036.63      180      20     CA                   2/1/2007        Y                 495000                   2          0            1036.63                                                                               90250          11/22/2006              2      TB2630_BALLOON                                   0            491000                                 0     100                        634           41.47     3YR                                                             0           0           0               0
     1103634372       SFR                               1     OO        REFI                  Y                              6.75                 6.75              151800                151800               1/1/2007             12/1/2036                   853.88      360      66     MN                   2/1/2007        N                 230000                   1          0             853.88                                                                               55418           12/7/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0      66                        693           29.35     3YR                                                             0           0           0               0
     1103634381       SFR                               1     OO        PURCHASE              N                             6.375                6.375              436000                436000               1/1/2007             12/1/2036                  2316.25      360      80     CA                   2/1/2007        N                 545000                   1          3            2316.25                                                                               90603           12/5/2006              2      PA0605EI_ARM-INTONLY                             0            545000                            109000     100                        689           39.47     1YR                                        12/1/2011            6           3           1               3
     1103634406       CONDO                             1     NOO       PURCHASE              N                                 9                    9              177192                177192               1/1/2007             12/1/2036                  1328.94      360      80     FL                   2/1/2007        N                 230000                   1          3            1328.94                                                                               33025           12/6/2006              2      PA0605EI_ARM-INTONLY                             0            221490                             33223      95                        701              50     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103634414       CONDO                             1     NOO       PURCHASE              N                             13.28                13.28               33223              33208.66               1/1/2007             12/1/2021                    374.8      180      15     FL                   2/1/2007        Y                 230000                   2          0              374.8                                                                               33025           12/6/2006              2      TB0630_BALLOON                                   0            221490                                 0      95                        701              50     NO-PREPAY                                                       0           0           0               0
     1103634440       CONDO                             1     NOO       PURCHASE              N                             7.625                7.625              393750                393750               1/1/2007             12/1/2036                  2501.95      360      75     CA                   2/1/2007        N                 525000                   1          3            2501.95                                                                               92122          11/30/2006              2      PA1605EI_ARM-INTONLY                             0            525000                             78750      90                        655           40.87     3YR                                        12/1/2011            6           3           1               3
     1103634456       CONDO                             1     NOO       PURCHASE              N                            13.625               13.625               78750              78718.58               1/1/2007             12/1/2021                   909.76      180      15     CA                   2/1/2007        Y                 525000                   2          0             909.76                                                                               92122          11/30/2006              2      TB1630_BALLOON                                   0            525000                                 0      90                        655           40.87     3YR                                                             0           0           0               0
     1103634528       SFR                               1     OO        REFI                  N                              6.75                 6.75              999000                999000              12/1/2006             11/1/2036                  5619.38      360   72.66     CA                   2/1/2007        N                1375000                   1       3.25            5619.38                                                                               95401           12/5/2006              2      XA0605DI_ARM-INTONLY                             0                 0                            237050    89.9                        692           44.29     NO-PREPAY                                  11/1/2011            5           5           2            3.25
     1103634534       PUD                               1     OO        REFI                  Y                             6.125                6.125              252500             252498.28              12/1/2006             11/1/2036                   1288.8      360   84.45     AZ                   2/1/2007        N                 299000                   1       2.25             1288.8                                                                               85374           12/5/2006              1      BA0205DI_ARM-INTONLY                            12                 0                                 0   84.45                        709           39.72     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103634539       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              256000                256000              12/1/2006             11/1/2036                  1333.33      360      80     NJ                   2/1/2007        N                 320000                   1       2.25            1333.33                                                                               07735          11/20/2006              1      XA0605DI_ARM-INTONLY                             0            320000                             64000     100                        699           40.47     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103634553       PUD                               1     OO        PURCHASE              N                               6.5                  6.5              180000                180000              12/1/2006             11/1/2036                      975      360      80     GA                   2/1/2007        N                 225400                   1       3.25                975                                                                               30132          11/20/2006              2      XA0605DI_ARM-INTONLY                             0            225000                             45000     100                        719           36.52     NO-PREPAY                                  11/1/2011            5           5           2            3.25
     1103634597       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              487500                487500               2/1/2007              1/1/2037                  2742.19      360      75     CA                   2/1/2007        N                 650000                   1          3            2742.19                                                                               90640          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            650000                            162500     100                        723           44.82     2YR                                         1/1/2012            6           3           1               3
     1103634609       SFR                               1     NOO       REFI                  Y                            10.375               10.375              297500                297500               1/1/2007             12/1/2036                  2572.14      360      85     MN                   2/1/2007        N                 350000                   1          4            2572.14                                                                               55362           12/7/2006              2      PA1405EI_ARM-INTONLY                            22                 0                                 0      85                        660           11.97     3YR                                        12/1/2011            6           3           1          10.375
     1103634640       SFR                               1     OO        REFI                  Y                             6.625                6.625              332000                332000               2/1/2007              1/1/2037                  1832.92      360      80     CA                   2/1/2007        N                 415000                   1          3            1832.92                                                                               91706          12/28/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             83000     100                        700              45     3YR                                         1/1/2012            6           3           1               3
     1103634677       CONDO                             1     NOO       PURCHASE              N                             7.625                7.625              138675                138675               2/1/2007              1/1/2037                   881.16      360      75     FL                   2/1/2007        N                 185000                   1          3             881.16                                                                               33063          12/28/2006              2      PA0605EI_ARM-INTONLY                             0            184900                             36980      95                        747              48     2YR                                         1/1/2012            6           3           1               3
     1103634678       CONDO                             1     NOO       PURCHASE              N                              12.8                 12.8               36980              36971.15               2/1/2007              1/1/2022                    403.3      180      20     FL                   2/1/2007        Y                 185000                   2          0              403.3                                                                               33063          12/28/2006              2      TB0630_BALLOON                                   0            184900                                 0      95                        747              48     2YR                                                             0           0           0               0
     1103634684       SFR                               1     NOO       PURCHASE              N                                13                   13               42850              42830.29               1/1/2007             12/1/2021                   474.01      180   14.99     CA                   2/1/2007        Y                 286000                   2          0             474.01                                                                               92543          11/30/2006              2      TB1630_BALLOON                                   0            285900                                 0   89.98                        673           30.21     1YR                                                             0           0           0               0
     1103634691       CONDO                             1     OO        PURCHASE              N                              7.25                 7.25              159200             158950.87               1/1/2007             12/1/2036                  1086.02      360      80     NJ                   2/1/2007        N                 201000                   1          3            1086.02                                                                               08844          12/12/2006              2      PA1605E_ARM                                      0            199000                             39800     100                        660           25.25     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103634696       CONDO                             1     OO        PURCHASE              N                              12.5                 12.5               39800              39779.52               1/1/2007             12/1/2021                   424.77      180      20     NJ                   2/1/2007        Y                 201000                   2          0             424.77                                                                               08844          12/13/2006              2      TB1630_BALLOON                                   0            199000                                 0     100                        660           25.25     NO-PREPAY                                                       0           0           0               0
     1103634703       SFR                               1     NOO       REFI                  Y                             5.875                5.875              100000                100000               1/1/2007             12/1/2036                   489.58      360   48.79     CA                   2/1/2007        N                 205000                   1          3             489.58                                                                               93618           12/7/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   48.79                        707           41.28     3YR                                        12/1/2011            6           3           1               3
     1103634723       SFR                               1     OO        REFI                  Y                              7.75                 7.75              150000                150000               1/1/2007             12/1/2036                   968.75      360      75     VA                   2/1/2007        N                 200000                   1          3             968.75                                                                               22556          12/14/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      75                        649           21.27     2YR                                        12/1/2011            6           3           1            7.75
     1103634741       SFR                               1     NOO       REFI                  Y                             6.125                6.125              252000             251937.72               1/1/2007             12/1/2036                  1286.25      360      70     CA                   2/1/2007        N                 360000                   1          3            1286.25                                                                               95204           12/8/2006              2      PA0607EI_ARM-INTONLY                             0                 0                                 0      70                        706           40.85     1YR                                        12/1/2013            6           3           1               3
     1103634753       SFR                               1     OO        PURCHASE              N                               7.5                  7.5              164000                164000               1/1/2007             12/1/2036                     1025      360      80     NV                   2/1/2007        N                 210000                   1          0               1025                                                                               89030          12/18/2006              2      PF1630I_FIX-INTONLY                              0            205000                             41000     100                        668           43.99     3YR                                                             0           0           0               0
     1103634773       D-PUDS                            1     NOO       PURCHASE              N                             6.625                6.625              196427                196427               1/1/2007             12/1/2036                  1084.44      360      70     CO                   2/1/2007        N                 283500                   1          3            1084.44                                                                               80920          12/14/2006              2      PA0603EI_ARM-INTONLY                             0            280610                             70152      95                        693           40.43     1YR                                        12/1/2009            6           3           1           6.625
     1103634774       D-PUDS                            1     NOO       PURCHASE              N                              13.1                 13.1               70152              70120.46               1/1/2007             12/1/2021                   781.51      180      25     CO                   2/1/2007        Y                 283500                   2          0             781.51                                                                               80920          12/14/2006              2      TB0630_BALLOON                                   0            280610                                 0      95                        693           40.62     NO-PREPAY                                                       0           0           0               0
     1103634780       SFR                               1     OO        PURCHASE              N                              5.75                 5.75              235200                235200               1/1/2007             12/1/2036                     1127      360      70     CA                   2/1/2007        N                 336000                   1          3               1127                                                                               95624          12/14/2006             17      PA0605EI_ARM-INTONLY                             0            336000                            100800     100                        787           40.55     3YR                                        12/1/2011            6           3           1               3
     1103634786       SFR                               1     NOO       REFI                  Y                                 7                    7              510000                510000               1/1/2007             12/1/2036                     2975      360      75     CA                   2/1/2007        N                 680000                   1          3               2975                                                                               92866          12/20/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            102000      90                        714           41.77     1YR                                        12/1/2011            6           3           1               3
     1103634787       SFR                               1     NOO       REFI                  Y                             12.75                12.75              102000             101950.38               1/1/2007             12/1/2021                  1108.43      180      15     CA                   2/1/2007        Y                 680000                   2          0            1108.43                                                                               92866          12/20/2006              2      TB0630_BALLOON                                   0                 0                                 0      90                        714           41.77     NO-PREPAY                                                       0           0           0               0
     1103634790       SFR                               1     NOO       PURCHASE              N                               7.5                  7.5              427500                427500               1/1/2007             12/1/2036                  2671.88      360      75     CA                   2/1/2007        N                 570000                   1          3            2671.88                                                                               90039           12/8/2006              2      PA1605EI_ARM-INTONLY                             0            570000                            114000      95                        656           31.19     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103634922       PUD                               1     NOO       REFI                  Y                             6.125                6.125              141000                141000               1/1/2007             12/1/2036                   719.69      360      60     MD                   2/1/2007        N                 235000                   1          3             719.69                                                                               20743           12/6/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      60                        654           41.74     3YR                                        12/1/2011            6           3           1               3
     1103634924       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              360000                360000              12/1/2006             11/1/2036                     1875      360      80     CA                   2/1/2007        N                 470000                   1       2.75               1875                                                                               90650           12/8/2006              2      PA0605EI_ARM-INTONLY                             0            450000                             90000     100                        739           44.04     3YR                                        11/1/2011            6           3           1            6.25
     1103634925       HI-RISE                           1     NOO       REFI                  Y                             8.125                8.125              336000                336000              12/1/2006             11/1/2036                     2275      360      80     MD                   2/1/2007        N                 420000                   1       2.75               2275                                                                               21230           12/8/2006              8      SA0605EI_ARM-INTONLY                             0                 0                                 0      80                        702               0     NO-PREPAY                                  11/1/2011            6           3           1           8.125
     1103634926       HI-RISE                           1     NOO       REFI                  Y                             8.125                8.125              200000                200000              12/1/2006             11/1/2036                  1354.17      360      80     VA                   2/1/2007        N                 250000                   1       2.75            1354.17                                                                               22204           12/8/2006              8      SA0605EI_ARM-INTONLY                             0                 0                                 0      80                        702               0     3YR                                        11/1/2011            6           3           1           8.125
     1103634928       2-4FAMILY                         4     NOO       PURCHASE              N                               8.5                  8.5              516800                516800              12/1/2006             11/1/2036                  3660.67      360      80     CA                   2/1/2007        N                 646000                   1       2.75            3660.67                                                                               90710           12/8/2006              8      SA0605EI_ARM-INTONLY                             0            646000                             96900      95                        743               0     1YR                                        11/1/2011            6           3           1             8.5
     1103634929       SFR                               1     NOO       PURCHASE              N                              7.75                 7.75              171200                171200              12/1/2006             11/1/2036                  1105.67      360      80     CA                   2/1/2007        N                 225000                   1       2.75            1105.67                                                                               93307           12/8/2006              8      SA2605EI_ARM-INTONLY                             0            214000                             32100      95                        663               0     3YR                                        11/1/2011            6           3           1            7.75
     1103634930       SFR                               1     OO        PURCHASE              N                              7.25                 7.25              212000                212000              12/1/2006             11/1/2036                  1280.83      360      80     CA                   2/1/2007        N                 290000                   1       2.75            1280.83                                                                               92324           12/8/2006              2      PA1605EI_ARM-INTONLY                             0            265000                             53000     100                        644           20.71     3YR                                        11/1/2011            6           3           1            7.25
     1103634931       SFR                               1     NOO       REFI                  N                              6.75                 6.75              332000                332000              12/1/2006             11/1/2036                   1867.5      360   78.49     CA                   2/1/2007        N                 423000                   1       2.75             1867.5                                                                               91766           12/8/2006              8      SA0605EI_ARM-INTONLY                             0                 0                                 0   78.49                        723               0     3YR                                        11/1/2011            6           3           1            6.75
     1103634932       2-4FAMILY                         4     OO        PURCHASE              N                             7.875                7.875              536000                536000              12/1/2006             11/1/2036                   3517.5      360      80     CA                   2/1/2007        N                 670000                   1       2.75             3517.5                                                                               90002           12/8/2006              2      PA1605EI_ARM-INTONLY                             0            670000                            134000     100                        679           40.65     1YR                                        11/1/2011            6           3           1           7.875
     1103634933       SFR                               1     OO        PURCHASE              N                               7.5                  7.5              324947                324947              12/1/2006             11/1/2036                  2030.92      360      80     CA                   2/1/2007        N                 413000                   1       2.75            2030.92                                                                               92545           12/8/2006              2      PA1605EI_ARM-INTONLY                             0            406184                             81236     100                        657           39.43     3YR                                        11/1/2011            6           3           1             7.5
     1103634935       SFR                               1     OO        PURCHASE              N                             7.375                7.375              391945                391945              12/1/2006             11/1/2036                  2408.83      360      80     CA                   2/1/2007        N                 509000                   1       2.75            2408.83                                                                               93727           12/8/2006              2      PA1605EI_ARM-INTONLY                             0            489932                             97986     100                        646           40.89     1YR                                        11/1/2011            6           3           1           7.375
     1103634936       SFR                               1     OO        REFI                  Y                             7.125                7.125              332000                332000              12/1/2006             11/1/2036                  1971.25      360      80     CA                   2/1/2007        N                 415000                   1       2.75            1971.25                                                                               92504           12/8/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             83000     100                        680           46.85     1YR                                        11/1/2011            6           3           1           7.125
     1103634937       SFR                               1     OO        PURCHASE              N                             6.625                6.625              280000                280000              12/1/2006             11/1/2036                  1545.83      360      80     CA                   2/1/2007        N                 350000                   1       2.75            1545.83                                                                               93535           12/8/2006              2      PA1605EI_ARM-INTONLY                             0            350000                             70000     100                        667           43.23     3YR                                        11/1/2011            6           3           1           6.625
     1103634938       SFR                               1     NOO       PURCHASE              N                             6.875                6.875              480000                480000              12/1/2006             11/1/2036                     2750      360      80     CA                   2/1/2007        N                 600000                   1       2.75               2750                                                                               93036           12/8/2006              2      PA0605EI_ARM-INTONLY                             0            600000                             60000      90                        701           30.21     3YR                                        11/1/2011            6           3           1           6.875
     1103634939       SFR                               1     OO        PURCHASE              N                               7.5                  7.5              479920                479920              12/1/2006             11/1/2036                   2999.5      360      80     CA                   2/1/2007        N                 600000                   1       2.75             2999.5                                                                               91711           12/8/2006              2      PA1605EI_ARM-INTONLY                             0            599900                            119980     100                        663            42.8     1YR                                        11/1/2011            6           3           1             7.5
     1103634940       2-4FAMILY                         2     OO        REFI                  Y                             8.375                8.375              472000                472000              12/1/2006             11/1/2036                  3294.17      360      80     CA                   2/1/2007        N                 590000                   1       2.75            3294.17                                                                               90221           12/8/2006              2      PA1605EI_ARM-INTONLY                             0                 0                            118000     100                        644           42.47     NO-PREPAY                                  11/1/2011            6           3           1           8.375
     1103634942       TOWNHOUSE                         1     OO        PURCHASE              N                              6.25                 6.25              184000                184000              12/1/2006             11/1/2036                   958.33      360      80     FL                   2/1/2007        N                 230000                   1       2.75             958.33                                                                               33026           12/8/2006              2      PA0605EI_ARM-INTONLY                             0            230000                             46000     100                        767           37.38     3YR                                        11/1/2011            6           3           1            6.25
     1103634943       2-4FAMILY                         3     NOO       PURCHASE              N                             9.375                9.375              199920             199614.76              12/1/2006             11/1/2036                  1662.83      360      80     CT                   2/1/2007        N                 255000                   1       2.75            1662.83                                                                               06604           12/8/2006              2      PA0605E_ARM                                      0            249900                             37485      95                        691           46.63     1YR                                        11/1/2011            6           3           1           9.375
     1103634945       2-4FAMILY                         4     OO        PURCHASE              N                             7.625                7.625              310800                310800              12/1/2006             11/1/2036                  1974.88      360      80     CA                   2/1/2007        N                 388500                   1       2.75            1974.88                                                                               93305           12/8/2006              2      PA0605EI_ARM-INTONLY                             0            390000                             77700     100                        708           29.69     3YR                                        11/1/2011            6           3           1           7.625
     1103634946       SFR                               1     OO        PURCHASE              N                             6.875                6.875              424000                424000              12/1/2006             11/1/2036                  2429.17      360      80     CA                   2/1/2007        N                 535000                   1       2.75            2429.17                                                                               91306           12/8/2006              2      PA1605EI_ARM-INTONLY                             0            530000                            106000     100                        671           41.84     3YR                                        11/1/2011            6           3           1           6.875
     1103634948       SFR                               1     OO        PURCHASE              N                             5.875                5.875              399200                399200              12/1/2006             11/1/2036                  1954.42      360      80     CA                   2/1/2007        N                 499000                   1       2.75            1954.42                                                                               90002           12/8/2006              2      PA0605EI_ARM-INTONLY                             0            499000                             99800     100                        729           44.28     3YR                                        11/1/2011            6           3           1           5.875
     1103634949       CONDO                             1     OO        REFI                  Y                              6.75                 6.75              290000              289998.5              12/1/2006             11/1/2036                  1631.25      360   71.79     CA                   2/1/2007        N                 404000                   1       2.75            1631.25                                                                               95116           12/8/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   71.79                        785           30.71     1YR                                        11/1/2011            6           3           1            6.75
     1103634950       PUD                               1     OO        PURCHASE              N                             6.875                6.875              227960                227960              12/1/2006             11/1/2036                  1306.02      360      80     WA                   2/1/2007        N                 285000                   1       2.75            1306.02                                                                               98374           12/8/2006              2      PA1605EI_ARM-INTONLY                             0            284950                             56990     100                        667              50     3YR                                        11/1/2011            6           3           1           6.875
     1103634951       SFR                               1     NOO       REFI                  N                             7.125                7.125              120000                120000              12/1/2006             11/1/2036                    712.5      360      80     MS                   2/1/2007        N                 150000                   1       2.75              712.5                                                                               39208           12/8/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        647            33.7     3YR                                        11/1/2011            6           3           1           7.125
     1103634954       SFR                               1     OO        REFI                  Y                               7.5                  7.5              220000                220000              12/1/2006             11/1/2036                     1375      360      80     CA                   2/1/2007        N                 275000                   1       2.75               1375                                                                               93620           12/8/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             55000     100                        673           44.99     3YR                                        11/1/2011            6           3           1             7.5
     1103634956       SFR                               1     OO        PURCHASE              N                             7.375                7.375              452000                452000              12/1/2006             11/1/2036                  2777.92      360      80     CA                   2/1/2007        N                 565000                   1       2.75            2777.92                                                                               91754           12/8/2006              2      PA1605EI_ARM-INTONLY                             0            565000                            113000     100                        651           29.65     NO-PREPAY                                  11/1/2011            6           3           1           7.375
     1103634958       2-4FAMILY                         3     OO        PURCHASE              N                             7.625                7.625              380000             379995.54              12/1/2006             11/1/2036                  2414.58      360      80     CA                   2/1/2007        N                 475000                   1       2.75            2414.58                                                                               92501           12/8/2006              2      PA0605EI_ARM-INTONLY                             0            475000                             95000     100                        725           41.68     1YR                                        11/1/2011            6           3           1           7.625
     1103634959       SFR                               1     OO        PURCHASE              N                                 7                    7              247200                247200              12/1/2006             11/1/2036                     1442      360      80     CA                   2/1/2007        N                 309000                   1       2.75               1442                                                                               91766           12/8/2006              2      PA1605EI_ARM-INTONLY                             0            309000                             61800     100                        665           38.86     NO-PREPAY                                  11/1/2011            6           3           1               7
     1103634961       CONDO                             1     OO        PURCHASE              N                               7.5                  7.5              168000                168000              12/1/2006             11/1/2036                     1050      360      80     CA                   2/1/2007        N                 220000                   1       2.75               1050                                                                               92503           12/8/2006              2      PA1605EI_ARM-INTONLY                             0            210000                             42000     100                        658           44.33     3YR                                        11/1/2011            6           3           1             7.5
     1103634962       CONDO                             1     OO        PURCHASE              N                             6.625                6.625              343920                343920              12/1/2006             11/1/2036                  1898.73      360      80     CA                   2/1/2007        N                 430000                   1       2.75            1898.73                                                                               92108           12/8/2006              2      PA0605EI_ARM-INTONLY                             0            429900                             85980     100                        738           40.06     3YR                                        11/1/2011            6           3           1           6.625
     1103634963       CONDO                             1     NOO       PURCHASE              N                              7.25                 7.25               80000                 80000              12/1/2006             11/1/2036                   483.33      360      80     CA                   2/1/2007        N                 100000                   1       2.75             483.33                                                                               93307           12/8/2006              2      PA0605EI_ARM-INTONLY                             0            100000                             15000      95                        713           30.43     3YR                                        11/1/2011            6           3           1            7.25
     1103634964       SFR                               1     OO        REFI                  Y                              6.99                 6.99              420000                420000              12/1/2006             11/1/2036                   2446.5      360      80     CA                   2/1/2007        N                 525000                   1       2.75             2446.5                                                                               90605           12/8/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            105000     100                        701           44.46     3YR                                        11/1/2011            6           3           1            6.99
     1103634966       SFR                               1     OO        PURCHASE              N                             6.875                6.875              514400                514400              12/1/2006             11/1/2036                  2947.08      360      80     CA                   2/1/2007        N                 643000                   1       2.75            2947.08                                                                               91741           12/8/2006              2      PA1605EI_ARM-INTONLY                             0            643000                            128600     100                        647           44.84     3YR                                        11/1/2011            6           3           1           6.875
     1103634967       SFR                               1     OO        REFI                  Y                              7.99                 7.99              396000                396000              12/1/2006             11/1/2036                   2636.7      360      80     CA                   2/1/2007        N                 495000                   1       2.75             2636.7                                                                               90280           12/8/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             99000     100                        652            13.6     1YR                                        11/1/2011            6           3           1            7.99
     1103634970       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              364000                364000              12/1/2006             11/1/2036                   2047.5      360      80     CA                   2/1/2007        N                 459000                   1       2.75             2047.5                                                                               91710           12/8/2006              2      PA1605EI_ARM-INTONLY                             0            455000                             91000     100                        668           40.24     3YR                                        11/1/2011            6           3           1            6.75
     1103634971       SFR                               1     OO        REFI                  N                             6.875                6.875              456000                456000              12/1/2006             11/1/2036                   2612.5      360      80     CA                   2/1/2007        N                 570000                   1       3.25             2612.5                                                                               91331          12/22/2006              2      PA0607EI_ARM-INTONLY                             0                 0                             40000   87.02                        718            30.3     NO-PREPAY                                  11/1/2013            6           5           1           6.875
     1103634973       SFR                               1     OO        PURCHASE              N                             6.625                6.625              212000                212000              12/1/2006             11/1/2036                  1170.42      360      80     CA                   2/1/2007        N                 270000                   1       2.75            1170.42                                                                               93536           12/8/2006              2      PA0605EI_ARM-INTONLY                             0            265000                             53000     100                        693            41.4     3YR                                        11/1/2011            6           3           1           6.625
     1103634974       SFR                               1     OO        REFI                  Y                             5.875                5.875              251388             251379.48              12/1/2006             11/1/2036                  1230.75      360   79.81     CA                   2/1/2007        N                 315000                   1       2.75            1230.75                                                                               92544           12/8/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0   79.81                        688           41.98     3YR                                        11/1/2011            6           3           1           5.875
     1103634976       SFR                               1     OO        PURCHASE              N                             6.625                6.625              384000                384000              12/1/2006             11/1/2036                     2120      360      80     CA                   2/1/2007        N                 480000                   1       2.75               2120                                                                               90250           12/8/2006              2      PA0605EI_ARM-INTONLY                             0            480000                             96000     100                        693           49.57     3YR                                        11/1/2011            6           3           1           6.625
     1103634981       2-4FAMILY                         4     NOO       PURCHASE              N                             7.875                7.875               96000                 96000               1/1/2007             12/1/2036                      630      360      80     TX                   2/1/2007        N                 124000                   1       2.75                630                                                                               78237           12/8/2006              2      PA0605EI_ARM-INTONLY                             0            120000                             18000      95                        735           30.95     NO-PREPAY                                  12/1/2011            6           3           1           7.875
     1103635036       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              360000                360000               1/1/2007             12/1/2036                     2025      360      90     CA                   2/1/2007        N                 425000                   1      4.125               2025                                                                               91701          11/29/2006              2      PA1405EI_ARM-INTONLY                            25            400000                                 0      90                        659            48.4     3YR                                        12/1/2011            6           3           1           4.125
     1103635039       SFR                               1     OO        PURCHASE              N                             12.65                12.65               89000              88887.54              10/1/2006              9/1/2021                   960.23      180      20     NY                   2/1/2007        Y                 445000                   2          0             960.23                                                                               11550          11/30/2006             17      UB3330_BALLOON                                   0            445000                                 0     100                        618           44.99     NO-PREPAY                                                       0           0           0               0
     1103635043       SFR                               1     NOO       REFI                  Y                             6.625                6.625              228000                228000               1/1/2007             12/1/2036                  1258.75      360   67.06     CA                   2/1/2007        N                 340000                   1          3            1258.75                                                                               95823          12/18/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   67.06                        708           38.56     3YR                                        12/1/2011            6           3           1               3
     1103635055       SFR                               1     OO        REFI                  Y                              6.25                 6.25              152000                152000               1/1/2007             12/1/2036                   791.67      360   43.43     CA                   2/1/2007        N                 350000                   1          0             791.67                                                                               95337          12/14/2006              1      PF0630I_FIX-INTONLY                              0                 0                                 0   43.43                        718            28.8     3YR                                                             0           0           0               0
     1103635065       SFR                               1     NOO       REFI                  N                             8.875                8.875              266000                266000              12/1/2006             11/1/2036                  1967.29      360      95     FL                   2/1/2007        N                 280000                   1       3.75            1967.29                                                                               33993           12/7/2006              8      XA0405EI_ARM-INTONLY                            30                 0                                 0      95                        775               0     3YR                                        11/1/2011            6           6           2            3.75
     1103635071       SFR                               1     NOO       PURCHASE              N                             9.875                9.875              182700                182700              12/1/2006             11/1/2036                  1503.47      360      90     FL                   2/1/2007        N                 203000                   1          4            1503.47                                                                               33404           12/7/2006              8      EA2605EI_ARM-INTONLY                            25            203000                                 0      90                        629               0     3YR                                        11/1/2011            6           6           2               4
     1103635072       CONDO                             1     OO        PURCHASE              N                               7.5                  7.5              165000                165000              12/1/2006             11/1/2036                  1031.25      360     100     FL                   2/1/2007        N                 185000                   1      3.875            1031.25                                                                               33716           12/7/2006              2      XA0403EI_ARM-INTONLY                            35            165000                                 0     100                        756           41.11     3YR                                        11/1/2009            6           6           2           3.875
     1103635073       CONDO                             1     NOO       PURCHASE              N                             8.875                8.875              215640                215640              12/1/2006             11/1/2036                  1594.84      360      95     FL                   2/1/2007        N                 227000                   1          4            1594.84                                                                               33556           12/7/2006              1      XA0405EI_ARM-INTONLY                            30            226990                                 0      95                        681           41.33     3YR                                        11/1/2011            6           6           2               4
     1103635074       PUD                               1     NOO       REFI                  Y                              8.25                 8.25              263500             263287.95              12/1/2006             11/1/2036                  1881.76      360      85     FL                   2/1/2007        Y                 310000                   1        3.5            1881.76                                                                               33543           12/7/2006             12      BL0105E_ARM-BALLOON                             22                 0                                 0      85                        722               0     3YR                                        11/1/2011            6           6           2             3.5
     1103635078       SFR                               1     OO        PURCHASE              N                             8.125                8.125              347000             346710.47              12/1/2006             11/1/2036                  2445.34      360     100     MD                   2/1/2007        Y                 350000                   1          4            2445.34                                                                               20706           12/7/2006              8      XL0403E_ARM-BALLOON                             35            347000                                 0     100                        709               0     NO-PREPAY                                  11/1/2009            6           6           2               4
     1103635083       SFR                               1     OO        REFI                  N                                 9                    9              279800             279619.34              12/1/2006             11/1/2036                  2158.27      360   99.93     IL                   2/1/2007        Y                 280000                   1      4.625            2158.27                                                                               60050           12/7/2006              8      XL1407E_ARM-BALLOON                             35                 0                                 0   99.93                        661               0     NO-PREPAY                                  11/1/2013            6           6           2           4.625
     1103635085       PUD                               1     OO        PURCHASE              N                               9.5                  9.5              329895                329895              12/1/2006             11/1/2036                  2611.67      360     100     NV                   2/1/2007        N                 340000                   1          4            2611.67                                                                               89436           12/7/2006              8      XA2403EI_ARM-INTONLY                            35            329895                                 0     100                        679               0     3YR                                        11/1/2009            6           6           2               4
     1103635088       SFR                               1     2ND       REFI                  N                               6.5                  6.5              203600             203044.83              12/1/2006             11/1/2036                  1286.89      360   82.77     FL                   2/1/2007        N                 246000                   1       2.25            1286.89                                                                               33971           12/7/2006              2      BA0205D_ARM                                     12                 0                                 0   82.77                        787           38.97     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103635089       HI-RISE                           1     NOO       PURCHASE              N                             7.125                7.125              251370             250696.09              12/1/2006             11/1/2036                  1584.97      360      90     AZ                   2/1/2007        Y                 280000                   1      2.875            1584.97                                                                               85012           12/7/2006              8      SL0605E_ARM-BALLOON                             25            279300                                 0      90                        728               0     3YR                                        11/1/2011            6           6           2           2.875
     1103635090       CONDO                             1     NOO       PURCHASE              N                             7.125                7.125              270000             269003.89              12/1/2006             11/1/2036                  1819.04      360      90     AZ                   2/1/2007        N                 300000                   1      2.875            1819.04                                                                               85012           12/7/2006              8      SA0605E_ARM                                     25            300000                                 0      90                        728               0     3YR                                        11/1/2011            6           6           2           2.875
     1103635091       CONDO                             1     NOO       PURCHASE              N                             7.375                7.375              210870             210651.89              12/1/2006             11/1/2036                  1368.23      360      90     AZ                   2/1/2007        Y                 240000                   1      2.875            1368.23                                                                               85012           12/7/2006              8      SL0605E_ARM-BALLOON                             25            234300                                 0      90                        711               0     1YR                                        11/1/2011            6           6           2           2.875
     1103635092       CONDO                             1     OO        PURCHASE              N                              7.25                 7.25              231705             231456.71              12/1/2006             11/1/2036                  1482.15      360      95     VA                   2/1/2007        Y                 247000                   1      2.875            1482.15                                                                               22302           12/7/2006              8      SL2605E_ARM-BALLOON                             30            243900                                 0      95                        623               0     3YR                                        11/1/2011            6           6           2           2.875
     1103635093       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              385000                385000              12/1/2006             11/1/2036                  2165.63      360     100     VA                   2/1/2007        N                 388000                   1      2.875            2165.63                                                                               22191           12/7/2006              8      XA0605EI_ARM-INTONLY                            35            385000                                 0     100                        690               0     3YR                                        11/1/2011            6           6           2           2.875
     1103635094       PUD                               1     OO        PURCHASE              N                                 7                    7              245000                245000              12/1/2006             11/1/2036                  1429.17      360     100     MD                   2/1/2007        N                 250000                   1      2.875            1429.17                                                                               21703           12/7/2006              8      XA0603EI_ARM-INTONLY                            35            245000                                 0     100                        693               0     3YR                                        11/1/2009            6           6           2           2.875
     1103635095       SFR                               1     OO        PURCHASE              N                              7.25                 7.25              355000             354619.56              12/1/2006             11/1/2036                  2270.84      360     100     VA                   2/1/2007        Y                 375000                   1      2.875            2270.84                                                                               22303           12/7/2006              8      XL0603E_ARM-BALLOON                             35            355000                                 0     100                        689               0     1YR                                        11/1/2009            6           6           2           2.875
     1103635096       SFR                               1     OO        REFI                  N                             7.125                7.125              131700             131382.15              12/1/2006             11/1/2036                   887.29      360   84.97     IL                   2/1/2007        N                 155000                   1        3.5             887.29                                                                               60073          12/22/2006              8      BA2205E_ARM                                     12                 0                                 0   84.97                        662               0     1YR                                        11/1/2011            6           6           2             3.5
     1103635098       SFR                               1     2ND       REFI                  N                             6.375                6.375              216400             215795.53              12/1/2006             11/1/2036                  1350.05      360      80     FL                   2/1/2007        N                 270500                   1       2.25            1350.05                                                                               33993           12/7/2006              2      XA0605D_ARM                                      0                 0                                 0      80                        789           36.74     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103635102       PUD                               1     OO        REFI                  Y                                 7                    7              192000                192000              12/1/2006             11/1/2036                     1120      360      80     FL                   2/1/2007        N                 240000                   1      2.875               1120                                                                               33063           12/7/2006              1      PA2603EI_ARM-INTONLY                             0                 0                                 0      80                        620          47.333     3YR                                        11/1/2009            6           6           2           2.875
     1103635103       SFR                               1     OO        REFI                  Y                             7.875                7.875              300000                300000              12/1/2006             11/1/2036                  1968.75      360      80     FL                   2/1/2007        N                 375000                   1      2.875            1968.75                                                                               33313           12/7/2006              8      SA2605EI_ARM-INTONLY                             0                 0                                 0      80                        636               0     3YR                                        11/1/2011            6           6           2           2.875
     1103635105       SFR                               1     OO        PURCHASE              N                              7.25                 7.25              301600             301276.81              12/1/2006             11/1/2036                  1929.25      360      80     VA                   2/1/2007        Y                 378000                   1      2.875            1929.25                                                                               23838           12/7/2006              8      SL0605E_ARM-BALLOON                              0            377000                             75400     100                        698               0     3YR                                        11/1/2011            6           6           2           2.875
     1103635106       SFR                               1     OO        PURCHASE              N                             7.375                7.375              171200                171200              12/1/2006             11/1/2036                  1052.17      360      80     NC                   2/1/2007        N                 215000                   1      2.875            1052.17                                                                               27603           12/7/2006              8      SA2603EI_ARM-INTONLY                             0            214000                             42800     100                        672               0     2YR                                        11/1/2009            6           3           1           2.875
     1103635107       PUD                               1     OO        PURCHASE              N                               7.5                  7.5              246944                246944              12/1/2006             11/1/2036                   1543.4      360      80     FL                   2/1/2007        N                 320000                   1      2.875             1543.4                                                                               34637           12/7/2006              2      BA2603EI_ARM-INTONLY                             0            308680                             61736     100                        626          41.426     3YR                                        11/1/2009            6           6           2           2.875
     1103635108       PUD                               1     OO        PURCHASE              N                             6.875                6.875              228000                228000              12/1/2006             11/1/2036                  1306.25      360      80     FL                   2/1/2007        N                 302000                   1      2.875            1306.25                                                                               33566           12/7/2006              2      PA0605EI_ARM-INTONLY                             0            285000                             57000     100                        686           38.68     3YR                                        11/1/2011            6           6           2           2.875
     1103635109       CONDO                             1     NOO       PURCHASE              N                               7.5                  7.5              109200                109200              12/1/2006             11/1/2036                    682.5      360   69.78     FL                   2/1/2007        N                 160000                   1      2.875              682.5                                                                               33611           12/7/2006             12      BA2203EI_ARM-INTONLY                             0            156500                                 0   69.78                        629               0     3YR                                        11/1/2009            6           6           2           2.875
     1103635110       CONDO                             1     NOO       PURCHASE              N                              7.25                 7.25              334673             334314.35              12/1/2006             11/1/2036                  2140.81      360      80     FL                   2/1/2007        Y                 490000                   1        3.5            2140.81                                                                               33946           12/7/2006             12      XL0605E_ARM-BALLOON                              0            418342                                 0      80                        716               0     3YR                                        11/1/2011            6           6           2             3.5
     1103635111       PUD                               1     OO        REFI                  Y                             7.375                7.375              192000                192000              12/1/2006             11/1/2036                     1180      360      80     FL                   2/1/2007        N                 240000                   1      2.875               1180                                                                               32808           12/7/2006             12      XA2605EI_ARM-INTONLY                             0                 0                                 0      80                        659               0     1YR                                        11/1/2011            6           6           2           2.875
     1103635112       SFR                               1     OO        PURCHASE              N                             6.625                6.625              192610                192610              12/1/2006             11/1/2036                  1063.37      360   79.63     FL                   2/1/2007        N                 242000                   1      2.875            1063.37                                                                               32807           12/7/2006              8      SA0605EI_ARM-INTONLY                             0            241900                             25100      90                        749               0     3YR                                        11/1/2011            6           6           2           2.875
     1103635113       PUD                               1     2ND       PURCHASE              N                               6.5                  6.5              169400                169400              12/1/2006             11/1/2036                   917.58      360      70     FL                   2/1/2007        N                 265000                   1      2.875             917.58                                                                               34746           12/7/2006             12      XA0605EI_ARM-INTONLY                             0            242000                                 0      70                        739               0     3YR                                        11/1/2011            6           6           2           2.875
     1103635116       SFR                               1     NOO       REFI                  N                             7.375                7.375              331000                331000              12/1/2006             11/1/2036                  2034.27      360   77.89     MD                   2/1/2007        N                 425000                   1      2.875            2034.27                                                                               20850           12/7/2006              8      SA2605EI_ARM-INTONLY                             0                 0                                 0   77.89                        661               0     1YR                                        11/1/2011            6           3           1           2.875
     1103635117       PUD                               1     OO        PURCHASE              N                             7.875                7.875              195200             195024.95              12/1/2006             11/1/2036                  1338.97      360      80     VA                   2/1/2007        Y                 250000                   1      2.875            1338.97                                                                               22405           12/7/2006              8      SL2603E_ARM-BALLOON                              0            244000                             48800     100                        631               0     3YR                                        11/1/2009            6           6           2           2.875
     1103635121       CONDO                             1     OO        PURCHASE              N                             8.125                8.125              208000                208000              12/1/2006             11/1/2036                  1408.33      360      80     VA                   2/1/2007        N                 260000                   1      2.875            1408.33                                                                               22304           12/7/2006              8      SA2603EI_ARM-INTONLY                             0            260000                             52000     100                        626               0     3YR                                        11/1/2009            6           6           2           2.875
     1103635122       SFR                               1     OO        REFI                  Y                             6.625                6.625              304000                304000              12/1/2006             11/1/2036                  1678.33      360   78.76     VA                   2/1/2007        N                 386000                   1      2.875            1678.33                                                                               22193           12/7/2006              8      SA0603EI_ARM-INTONLY                             0                 0                             43400      90                        687               0     3YR                                        11/1/2009            6           6           2           2.875
     1103635123       CONDO                             1     OO        REFI                  Y                             7.875                7.875              219200                219200              12/1/2006             11/1/2036                   1438.5      360      80     VA                   2/1/2007        N                 274000                   1      2.875             1438.5                                                                               22192           12/7/2006              8      SA2605EI_ARM-INTONLY                             0                 0                             54800     100                        675               0     1YR                                        11/1/2011            6           6           2           2.875
     1103635125       PUD                               1     NOO       REFI                  Y                             7.375                7.375              455992             455520.33              12/1/2006             11/1/2036                  2958.71      360      80     SC                   2/1/2007        Y                 569990                   1      2.875            2958.71                                                                               29466           12/7/2006              8      SL0603E_ARM-BALLOON                              0                 0                                 0      80                        774               0     1YR                                        11/1/2009            6           6           2           2.875
     1103635126       SFR                               1     OO        PURCHASE              N                              7.25                 7.25              391200                391200              12/1/2006             11/1/2036                   2363.5      360      80     VA                   2/1/2007        N                 490000                   1      2.875             2363.5                                                                               20151           12/7/2006              8      SA0603EI_ARM-INTONLY                             0            489000                             97800     100                        693               0     3YR                                        11/1/2009            6           6           2           2.875
     1103635127       SFR                               1     NOO       REFI                  Y                               7.5                  7.5              180000                180000              12/1/2006             11/1/2036                     1125      360      80     MD                   2/1/2007        N                 225000                   1      2.875               1125                                                                               20640           12/7/2006              8      SA0605EI_ARM-INTONLY                             0                 0                                 0      80                        690               0     1YR                                        11/1/2011            6           6           2           2.875
     1103635128       CONDO                             1     OO        PURCHASE              N                             7.125                7.125              226400                226400              12/1/2006             11/1/2036                  1344.25      360      80     MD                   2/1/2007        N                 283000                   1      2.875            1344.25                                                                               20874           12/7/2006              8      SA0603EI_ARM-INTONLY                             0            283000                             56600     100                        742               0     1YR                                        11/1/2009            6           6           2           2.875
     1103635129       SFR                               1     OO        REFI                  Y                             6.625                6.625              305000             302722.02              12/1/2006             11/1/2036                  1952.95      360   55.31     MD                   2/1/2007        N                 551500                   1      2.875            1952.95                                                                               20817           12/7/2006              8      SA2607E_ARM                                      0                 0                                 0   55.31                        664               0     3YR                                        11/1/2013            6           3           1           2.875
     1103635130       PUD                               1     OO        PURCHASE              N                              7.75                 7.75              423200                423200              12/1/2006             11/1/2036                  2733.17      360      80     MD                   2/1/2007        N                 529000                   1      2.875            2733.17                                                                               20705           12/7/2006              8      SA2603EI_ARM-INTONLY                             0            529000                            100000   98.91                        624               0     1YR                                        11/1/2009            6           6           2           2.875
     1103635131       PUD                               1     NOO       REFI                  Y                             6.875                6.875              256000                256000              12/1/2006             11/1/2036                  1466.67      360      80     MD                   2/1/2007        N                 320000                   1      2.875            1466.67                                                                               21702           12/7/2006              8      SA0603EI_ARM-INTONLY                             0                 0                             48000      95                        715               0     3YR                                        11/1/2009            6           6           2           2.875
     1103635132       PUD                               1     OO        REFI                  N                             6.625                6.625              274000                273984              12/1/2006             11/1/2036                  1512.71      360   79.89     MD                   2/1/2007        N                 343000                   1      2.875            1512.71                                                                               21774           12/7/2006              8      SA2603EI_ARM-INTONLY                             0                 0                             42000   92.13                        637               0     3YR                                        11/1/2009            6           6           2           2.875
     1103635136       CONDO                             1     OO        PURCHASE              N                               7.5                  7.5              160000                160000              12/1/2006             11/1/2036                     1000      360      80     VA                   2/1/2007        N                 220000                   1      2.875               1000                                                                               20191           12/7/2006              2      PA0603EI_ARM-INTONLY                             0            200000                             40000     100                        684           43.24     1YR                                        11/1/2009            6           6           2           2.875
     1103635137       SFR                               1     OO        REFI                  Y                             7.625                7.625              280000             279730.24              12/1/2006             11/1/2036                  1868.52      360      80     MD                   2/1/2007        Y                 350000                   1      2.875            1868.52                                                                               20613           12/7/2006              8      SL0603E_ARM-BALLOON                              0                 0                                 0      80                        689               0     2YR                                        11/1/2009            6           6           2           2.875
     1103635138       SFR                               1     OO        REFI                  Y                             6.875                6.875              428000             427490.46              12/1/2006             11/1/2036                  2620.96      360      80     VA                   2/1/2007        Y                 535000                   1      2.875            2620.96                                                                               22032           12/7/2006              8      SL0605E_ARM-BALLOON                              0                 0                             53000   89.91                        702               0     1YR                                        11/1/2011            6           6           2           2.875
     1103635139       PUD                               1     OO        PURCHASE              N                               6.5                  6.5              404000                404000              12/1/2006             11/1/2036                  2188.33      360      80     MD                   2/1/2007        N                 514000                   1      2.875            2188.33                                                                               21666           12/7/2006              8      SA0603EI_ARM-INTONLY                             0            505000                            100000   99.81                        749               0     3YR                                        11/1/2009            6           6           2           2.875
     1103635142       CONDO                             1     NOO       REFI                  Y                             7.625                7.625              275500             275499.65              12/1/2006             11/1/2036                  1750.57      360   77.83     MD                   2/1/2007        N                 354000                   1      2.875            1750.57                                                                               20878           12/7/2006              8      SA2603EI_ARM-INTONLY                             0                 0                                 0   77.83                        644               0     1YR                                        11/1/2009            6           6           2           2.875
     1103635143       SFR                               1     OO        REFI                  Y                               6.5                  6.5              290000             289921.46              12/1/2006             11/1/2036                  1570.83      360   62.37     MD                   2/1/2007        N                 465000                   1      2.875            1570.83                                                                               20906           12/7/2006              8      SA2605EI_ARM-INTONLY                             0                 0                                 0   62.37                        680               0     3YR                                        11/1/2011            6           6           2           2.875
     1103635144       PUD                               1     OO        REFI                  Y                              6.75                 6.75              352000             351566.11              12/1/2006             11/1/2036                  2123.82      360      80     CA                   2/1/2007        Y                 440000                   1      2.875            2123.82                                                                               91761           12/7/2006              8      XL0607E_ARM-BALLOON                              0                 0                             44000      90                        702               0     3YR                                        11/1/2013            6           6           2           2.875
     1103635145       2-4FAMILY                         3     NOO       PURCHASE              N                              8.25                 8.25              404000                404000              12/1/2006             11/1/2036                   2777.5      360      80     CA                   2/1/2007        N                 505000                   1      2.875             2777.5                                                                               92507           12/7/2006             12      BA2203EI_ARM-INTONLY                             0            505000                                 0      80                        639               0     3YR                                        11/1/2009            6           6           2           2.875
     1103635146       SFR                               1     OO        PURCHASE              N                             6.875                6.875              398400                398400              12/1/2006             11/1/2036                   2282.5      360      80     CA                   2/1/2007        N                 500000                   1      2.875             2282.5                                                                               90712           12/7/2006              8      SA0605EI_ARM-INTONLY                             0            498000                             99600     100                        712               0     3YR                                        11/1/2011            6           6           2           2.875
     1103635148       2-4FAMILY                         3     NOO       PURCHASE              N                             8.375                8.375              224000                224000              12/1/2006             11/1/2036                  1563.33      360      80     AZ                   2/1/2007        N                 280000                   1      2.875            1563.33                                                                               85016           12/7/2006              8      SA0603EI_ARM-INTONLY                             0            280000                             28000      90                        687               0     3YR                                        11/1/2009            6           6           2           2.875
     1103635149       2-4FAMILY                         3     NOO       PURCHASE              N                             8.375                8.375              216000                216000              12/1/2006             11/1/2036                   1507.5      360      80     AZ                   2/1/2007        N                 280000                   1      2.875             1507.5                                                                               85016           12/7/2006              8      SA0603EI_ARM-INTONLY                             0            270000                             27000      90                        687               0     3YR                                        11/1/2009            6           6           2           2.875
     1103635151       SFR                               1     OO        REFI                  N                              6.25                 6.25              416000                416000              12/1/2006             11/1/2036                  2166.67      360      80     CA                   2/1/2007        N                 520000                   1      2.875            2166.67                                                                               90712           12/7/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             74000   94.24                        746           47.04     3YR                                        11/1/2011            6           6           2           2.875
     1103635152       SFR                               1     OO        PURCHASE              N                             6.625                6.625              750000                750000              12/1/2006             11/1/2036                  4140.63      360   71.43     CA                   2/1/2007        N                1050000                   1      2.875            4140.63                                                                               90254           12/7/2006             12      SA2603EI_ARM-INTONLY                             0           1050000                                 0   71.43                        668               0     3YR                                        11/1/2009            6           3           1           2.875
     1103635155       PUD                               1     OO        PURCHASE              N                              7.25                 7.25              316000                316000              12/1/2006             11/1/2036                  1909.17      360      80     MD                   2/1/2007        N                 425000                   1      2.875            1909.17                                                                               21403           12/7/2006              8      SA0603EI_ARM-INTONLY                             0            395000                             79000     100                        686               0     3YR                                        11/1/2009            6           6           2           2.875
     1103635156       CONDO                             1     OO        PURCHASE              N                              6.75                 6.75              319920                319920              12/1/2006             11/1/2036                  1799.55      360      80     VA                   2/1/2007        N                 413000                   1      2.875            1799.55                                                                               22304           12/7/2006              8      SA0603EI_ARM-INTONLY                             0            399900                             79980     100                        749               0     3YR                                        11/1/2009            6           6           2           2.875
     1103635157       SFR                               1     OO        PURCHASE              N                             6.875                6.875              312000             311628.58              12/1/2006             11/1/2036                   1910.6      360      80     MD                   2/1/2007        Y                 390000                   1      2.875             1910.6                                                                               20706           12/7/2006              8      SL0605E_ARM-BALLOON                              0            390000                             78000     100                        724               0     3YR                                        11/1/2011            6           6           2           2.875
     1103635160       2-4FAMILY                         2     OO        PURCHASE              N                             7.125                7.125              320000                320000              12/1/2006             11/1/2036                     1900      360      80     CA                   2/1/2007        N                 402000                   1      2.875               1900                                                                               92553           12/7/2006              8      SA0605EI_ARM-INTONLY                             0            400000                             80000     100                        711               0     3YR                                        11/1/2011            6           6           2           2.875
     1103635161       SFR                               1     OO        PURCHASE              N                             6.375                6.375              212000             211670.09              12/1/2006             11/1/2036                  1222.34      360      80     NV                   2/1/2007        Y                 270000                   1      2.875            1222.34                                                                               89502           12/7/2006              2      PL0605E_ARM-BALLOON                              0            265000                             53000     100                        694           41.47     3YR                                        11/1/2011            6           6           2           2.875
     1103635162       SFR                               1     OO        REFI                  Y                             7.625                7.625              368000              366931.1              10/1/2006              9/1/2036                  2455.76      360      80     NJ                   2/1/2007        Y                 460000                   1        3.5            2455.76                                                                               08225           12/7/2006              8      SL2605E_ARM-BALLOON                              0                 0                             45000   89.79                        647               0     NO-PREPAY                                   9/1/2011            6           6           2             3.5
     1103635163       SFR                               1     OO        REFI                  Y                             7.625                7.625              170400             170182.45              12/1/2006             11/1/2036                  1137.13      360      80     NJ                   2/1/2007        Y                 213000                   1        3.5            1137.13                                                                               08094           12/7/2006              8      SL0605E_ARM-BALLOON                              0                 0                             42600     100                        696               0     NO-PREPAY                                  11/1/2011            6           6           2             3.5
     1103635164       PUD                               1     OO        PURCHASE              N                              7.25                 7.25              288000             287689.46              12/1/2006             11/1/2036                  1842.26      360      80     FL                   2/1/2007        Y                 389000                   1      2.875            1842.26                                                                               32226           12/7/2006              8      SL0605E_ARM-BALLOON                              0            360000                             72000     100                        681               0     1YR                                        11/1/2011            6           6           2           2.875
     1103635165       SFR                               1     NOO       PURCHASE              N                             8.875                8.875              128000                128000              12/1/2006             11/1/2036                   946.67      360      80     GA                   2/1/2007        N                 168000                   1      2.875             946.67                                                                               30605           12/7/2006              8      SA2603EI_ARM-INTONLY                             0            160000                             24000      95                        673               0     3YR                                        11/1/2009            6           6           2           2.875
     1103635166       SFR                               1     OO        PURCHASE              N                             6.625                6.625              200000                200000              12/1/2006             11/1/2036                  1104.17      360   76.93     CA                   2/1/2007        N                 260000                   1      2.875            1104.17                                                                               93306           12/7/2006              8      SA2603EI_ARM-INTONLY                             0            260000                                 0   76.93                        667               0     1YR                                        11/1/2009            6           6           2           2.875
     1103635167       PUD                               1     OO        REFI                  Y                               6.5                  6.5              252000             251312.87              12/1/2006             11/1/2036                  1592.81      360      80     CA                   2/1/2007        N                 315000                   1      2.875            1592.81                                                                               91768           12/7/2006              8      SA0605E_ARM                                      0                 0                                 0      80                        703               0     3YR                                        11/1/2011            6           6           2           2.875
     1103635168       PUD                               1     OO        PURCHASE              N                               7.5                  7.5              238400                238400              12/1/2006             11/1/2036                     1490      360      80     CA                   2/1/2007        N                 310000                   1      2.875               1490                                                                               91730           12/7/2006              2      PA1605EI_ARM-INTONLY                             0            298000                             59600     100                        642           31.47     3YR                                        11/1/2011            6           6           2           2.875
     1103635170       SFR                               1     OO        REFI                  Y                             6.875                6.875              365000             364565.48              12/1/2006             11/1/2036                  2235.16      360   79.35     CA                   2/1/2007        Y                 460000                   1        3.5            2235.16                                                                               94801           12/7/2006             12      BL2205E_ARM-BALLOON                              0                 0                                 0   79.35                        653               0     1YR                                        11/1/2011            6           6           2             3.5
     1103635171       SFR                               1     OO        REFI                  N                             6.375                6.375              304000             303584.43              12/1/2006             11/1/2036                  1752.79      360   67.56     CA                   2/1/2007        Y                 450000                   1      2.875            1752.79                                                                               94806           12/7/2006              8      XL1607E_ARM-BALLOON                              0                 0                                 0   67.56                        671               0     1YR                                        11/1/2013            6           3           1           2.875
     1103635172       SFR                               1     OO        REFI                  Y                              6.75                 6.75              384000             383526.68              12/1/2006             11/1/2036                  2316.89      360      80     CA                   2/1/2007        Y                 480000                   1      2.875            2316.89                                                                               94621           12/7/2006             12      BL2205E_ARM-BALLOON                              0                 0                                 0      80                        645               0     1YR                                        11/1/2011            6           6           2           2.875
     1103635174       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              280000             279999.52              12/1/2006             11/1/2036                     1575      360      80     WA                   2/1/2007        N                 370000                   1      2.875               1575                                                                               98604           12/7/2006              8      SA2603EI_ARM-INTONLY                             0            350000                             52500      95                        668               0     3YR                                        11/1/2009            6           3           1           2.875
     1103635175       SFR                               1     OO        REFI                  Y                             6.875                6.875              464000             463999.81              12/1/2006             11/1/2036                  2658.33      360      80     CA                   2/1/2007        N                 580000                   1      2.875            2658.33                                                                               92071           12/7/2006              8      SA0605EI_ARM-INTONLY                             0                 0                             57900   89.99                        683               0     3YR                                        11/1/2011            6           6           2           2.875
     1103635177       SFR                               1     OO        PURCHASE              N                             6.625                6.625              196000                196000              12/1/2006             11/1/2036                  1082.08      360      80     NV                   2/1/2007        N                 247000                   1      2.875            1082.08                                                                               89431           12/7/2006              8      SA0603EI_ARM-INTONLY                             0            245000                             49000     100                        688               0     3YR                                        11/1/2009            6           6           2           2.875
     1103635178       SFR                               1     OO        PURCHASE              N                             6.875                6.875              199200             199199.99              12/1/2006             11/1/2036                  1141.25      360      80     NV                   2/1/2007        N                 260000                   1      2.875            1141.25                                                                               89431           12/7/2006              8      SA2605EI_ARM-INTONLY                             0            249000                             49800     100                        663               0     3YR                                        11/1/2011            6           3           1           2.875
     1103635200       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              367200                367200              12/1/2006             11/1/2036                   1912.5      360      80     CA                   2/1/2007        N                 465000                   1       2.25             1912.5                                                                               93536          11/29/2006              2      PA0605EI_ARM-INTONLY                             0            459000                             91800     100                        715           46.98     3YR                                        11/1/2011            5           5           1            2.25
     1103635204       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              193600                193600              12/1/2006             11/1/2036                  1048.67      360      80     CA                   2/1/2007        N                 245000                   1        2.5            1048.67                                                                               92543          11/29/2006              2      PA0605EI_ARM-INTONLY                             0            242000                             48400     100                        712           30.91     3YR                                        11/1/2011            5           5           1             2.5
     1103635213       SFR                               1     OO        PURCHASE              N                                 6                    6              704000                704000              12/1/2006             11/1/2036                     3520      360      80     CA                   2/1/2007        N                 880000                   1        2.5               3520                                                                               92860          11/29/2006              2      PA0603EI_ARM-INTONLY                             0            880000                            176000     100                        726            39.2     3YR                                        11/1/2009            5           3           1             2.5
     1103635215       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              436000             435999.67              12/1/2006             11/1/2036                  2361.67      360      80     CA                   2/1/2007        N                 545000                   1        2.5            2361.67                                                                               90712          11/29/2006              8      SA0605EI_ARM-INTONLY                             0            545000                            109000     100                        682               0     3YR                                        11/1/2011            5           5           1             2.5
     1103635231       2-4FAMILY                         2     OO        PURCHASE              N                              12.5                 12.5              100000              99922.42              12/1/2006             11/1/2021                  1067.26      180      20     CA                   2/1/2007        Y                 535000                   2          0            1067.26                                                                               90033          11/29/2006              8      TB1630_BALLOON                                   0            500000                                 0     100                        675               0     6MO                                                             0           0           0               0
     1103635232       SFR                               1     OO        PURCHASE              N                              12.5                 12.5               94800              94726.46              12/1/2006             11/1/2021                  1011.76      180      20     CA                   2/1/2007        Y                 474000                   2          0            1011.76                                                                               92337          11/29/2006              2      TB2630_BALLOON                                   0            474000                                 0     100                        630           43.83     6MO                                                             0           0           0               0
     1103635233       SFR                               1     OO        PURCHASE              N                                11                   11               81000              80875.25              12/1/2006             11/1/2021                   771.38      180      20     CA                   2/1/2007        Y                 405000                   2          0             771.38                                                                               92399          11/29/2006              2      TB1630_BALLOON                                   0            405000                                 0     100                        643            42.3     3YR                                                             0           0           0               0
     1103635235       SFR                               1     OO        REFI                  Y                             9.875                9.875               38250              38197.45              12/1/2006             11/1/2021                   332.14      180    9.94     CA                   2/1/2007        Y                 385000                   2          0             332.14                                                                               90001          11/29/2006              2      TB1630_BALLOON                                   0                 0                                 0   89.94                        659           35.04     6MO                                                             0           0           0               0
     1103635236       SFR                               1     OO        PURCHASE              N                            11.625               11.625               84000              83920.88              12/1/2006             11/1/2021                   839.87      180      20     CA                   2/1/2007        Y                 420000                   2          0             839.87                                                                               92509          11/29/2006              2      TB1630_BALLOON                                   0            420000                                 0     100                        644           42.79     6MO                                                             0           0           0               0
     1103635238       SFR                               1     OO        PURCHASE              N                              12.5                 12.5              107000             106916.98              12/1/2006             11/1/2021                  1141.97      180      20     CA                   2/1/2007        Y                 535000                   2          0            1141.97                                                                               90638          11/29/2006              8      TB1630_BALLOON                                   0            535000                                 0     100                        641               0     3YR                                                             0           0           0               0
     1103635240       SFR                               1     NOO       REFI                  N                                13                   13               40300                436.38              12/1/2006             11/1/2021                    445.8      180      10     WA                   2/1/2007        Y                 403000                   2          0              445.8                                                                               98155          11/29/2006              8      TB1630_BALLOON                                   0                 0                                 0      85                        651               0     NO-PREPAY                                                       0           0           0               0
     1103635242       SFR                               1     OO        PURCHASE              N                            11.125               11.125               33000              32964.71              12/1/2006             11/1/2021                   317.39      180      20     CA                   2/1/2007        Y                 189000                   2          0             317.39                                                                               93725          11/29/2006              2      TB1630_BALLOON                                   0            165000                                 0     100                        667           45.32     1YR                                                             0           0           0               0
     1103635243       PUD                               1     OO        PURCHASE              N                            11.125               11.125               42000              41955.87              12/1/2006             11/1/2021                   403.95      180      15     NV                   2/1/2007        Y                 290000                   2          0             403.95                                                                               89108          11/29/2006              1      TB2630_BALLOON                                   0            280000                                 0      95                        628           44.69     6MO                                                             0           0           0               0
     1103635342       TOWNHOUSE                         1     NOO       PURCHASE              N                             10.75                10.75              112950                112950               1/1/2007             12/1/2036                  1011.84      360      90     MD                   2/1/2007        N                 132000                   1      4.125            1011.84                                                                               21213          12/21/2006              7      EA2605EI_ARM-INTONLY                             0            125500                                 0      90                        659               0     NO-PREPAY                                  12/1/2011            6           3           1           10.75
     1103635343       SFR                               1     NOO       PURCHASE              N                              7.95                 7.95               97500              97367.38               1/1/2007             12/1/2036                   712.03      360      75     MD                   2/1/2007        N                 130000                   1          3             712.03                                                                               21215          12/20/2006              2      PA0605E_ARM                                      0            130000                             26000      95                        704           18.16     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103635354       SFR                               1     OO        REFI                  N                              6.75                 6.75              624000                624000               1/1/2007             12/1/2036                     3510      360      80     CA                   2/1/2007        N                 780000                   1          3               3510                                                                               90638          11/30/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        706           33.08     3YR                                        12/1/2011            6           3           1               3
     1103635358       SFR                               1     OO        PURCHASE              N                               7.5                  7.5              152000                152000               1/1/2007             12/1/2036                      950      360      80     FL                   2/1/2007        N                 235000                   1          3                950                                                                               33023          12/13/2006              2      PA1605EI_ARM-INTONLY                             0            190000                             38000     100                        677            35.6     1YR                                        12/1/2011            6           3           1               3
     1103635370       SFR                               1     NOO       REFI                  Y                             7.375                7.375              277500             277309.23               1/1/2007             12/1/2036                  1800.56      360   79.98     CA                   2/1/2007        Y                 347000                   1          3            1800.56                                                                               93550           12/6/2006              2      PL0605E_ARM-BALLOON                              0                 0                                 0   79.98                        694           49.64     3YR                                        12/1/2011            6           3           1               3
     1103635377       D-PUDS                            1     OO        REFI                  N                              6.25                 6.25              544000             543903.19               1/1/2007             12/1/2036                  2833.33      360      80     CA                   2/1/2007        N                 680000                   1          3            2833.33                                                                               92675           12/8/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             60000   88.83                        721           40.66     2YR                                        12/1/2011            6           3           1               3
     1103635383       D-PUDS                            1     OO        REFI                  Y                             5.875                5.875              548000                548000               1/1/2007             12/1/2036                  2682.92      360      80     CA                   2/1/2007        N                 685000                   1          3            2682.92                                                                               92128           12/8/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        702           43.45     3YR                                        12/1/2011            6           3           1               3
     1103635400       D-PUDS                            1     NOO       PURCHASE              N                               9.5                  9.5              114300             114187.11               1/1/2007             12/1/2036                    961.1      360      90     SC                   2/1/2007        N                 137000                   1          3              961.1                                                                               29651          12/21/2006             17      PA1605E_ARM                                     25            127000                                 0      90                        669           31.35     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103635411       SFR                               1     NOO       REFI                  Y                             6.375                6.375              245000                245000               1/1/2007             12/1/2036                  1301.56      360      70     NV                   2/1/2007        N                 350000                   1          3            1301.56                                                                               89506           12/8/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0      70                        786           52.11     3YR                                        12/1/2011            6           3           1               3
     1103635447       CONDO                             1     OO        PURCHASE              N                               7.5                  7.5              117716             117336.35              11/1/2006             10/1/2036                   823.09      360      80     FL                   2/1/2007        N                 147146                   1          0             823.09                                                                               33624          12/29/2006             12      SF0630_FIXEDRATE                                 0            147146                             22087   95.01                        778               0     NO-PREPAY                                                       0           0           0               0
     1103635494       SFR                               1     OO        REFI                  Y                               6.5                  6.5              224000             223944.34              12/1/2006             11/1/2036                  1213.33      360      80     NV                   2/1/2007        N                 280000                   1       2.25            1213.33                                                                               89107           12/8/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        700           41.76     3YR                                        11/1/2011            6           6           2            2.25
     1103635495       SFR                               1     OO        REFI                  N                             6.375                6.375              436000                436000              12/1/2006             11/1/2036                  2316.25      360      80     CA                   2/1/2007        N                 545000                   1       2.25            2316.25                                                                               94509           12/8/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             81000   94.87                        694           44.13     3YR                                        11/1/2011            6           6           2            2.25
     1103635496       PUD                               1     OO        REFI                  N                             6.625                6.625              248000                248000              12/1/2006             11/1/2036                  1369.17      360      80     AZ                   2/1/2007        N                 310000                   1       2.25            1369.17                                                                               85086           12/8/2006              1      PA0605EI_ARM-INTONLY                             0                 0                             31000      90                        688           47.24     3YR                                        11/1/2011            6           6           2            2.25
     1103635497       SFR                               1     NOO       REFI                  Y                              6.75                 6.75              220000                220000              12/1/2006             11/1/2036                   1237.5      360      80     NV                   2/1/2007        N                 275000                   1       2.25             1237.5                                                                               89128           12/8/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        722           49.87     3YR                                        11/1/2011            6           6           2            2.25
     1103635498       PUD                               1     OO        PURCHASE              N                              6.25                 6.25              330400                330400              12/1/2006             11/1/2036                  1720.83      360      80     CA                   2/1/2007        N                 420000                   1       2.25            1720.83                                                                               95035           12/8/2006              1      PA0605EI_ARM-INTONLY                             0            413000                             82600     100                        746           36.65     3YR                                        11/1/2011            6           6           2            2.25
     1103635499       SFR                               1     OO        REFI                  N                             6.125                6.125              348500                348500              12/1/2006             11/1/2036                   1778.8      360   79.21     CA                   2/1/2007        N                 440000                   1       2.25             1778.8                                                                               92139           12/8/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             64500   93.87                        719           43.34     3YR                                        11/1/2011            6           6           2            2.25
     1103635500       SFR                               1     OO        REFI                  N                              6.75                 6.75              240000                240000              12/1/2006             11/1/2036                     1350      360      80     CA                   2/1/2007        N                 300000                   1       2.25               1350                                                                               93534           12/8/2006             12      SA0605EI_ARM-INTONLY                             0                 0                             30000      90                        765               0     6MO                                        11/1/2011            6           6           2            2.25
     1103635501       SFR                               1     OO        REFI                  Y                              6.75                 6.75              480000                480000              12/1/2006             11/1/2036                     2700      360      80     AZ                   2/1/2007        N                 600000                   1       2.25               2700                                                                               85250           12/8/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        656           44.36     3YR                                        11/1/2011            6           6           2            2.25
     1103635502       SFR                               1     OO        PURCHASE              N                             6.625                6.625              164000                164000              12/1/2006             11/1/2036                   905.42      360      80     AZ                   2/1/2007        N                 205000                   1       2.25             905.42                                                                               85023           12/8/2006              1      PA0605EI_ARM-INTONLY                             0            205000                             41000     100                        714           42.66     3YR                                        11/1/2011            6           6           2            2.25
     1103635513       SFR                               1     OO        REFI                  Y                              6.25                 6.25              174400             173900.98              12/1/2006             11/1/2036                  1073.81      360      80     CO                   2/1/2007        N                 218000                   1      2.875            1073.81                                                                               81504           12/1/2006              8      SA2603E_ARM                                      0                 0                                 0      80                        665               0     3YR                                        11/1/2009            6           6           2           2.875
     1103635520       SFR                               1     OO        PURCHASE              N                             6.375                6.375              668000             667086.85              12/1/2006             11/1/2036                  3851.52      360      80     FL                   2/1/2007        Y                 915000                   1      2.875            3851.52                                                                               34786           12/1/2006              8      SL1603E_ARM-BALLOON                              0            835000                            167000     100                        745               0     1YR                                        11/1/2009            6           6           2           2.875
     1103635524       PUD                               1     OO        REFI                  Y                               6.5                  6.5              250000             249318.31              12/1/2006             11/1/2036                  1580.17      360   79.37     FL                   2/1/2007        N                 315000                   1      2.875            1580.17                                                                               34759           12/1/2006              8      SA2603E_ARM                                      0                 0                                 0   79.37                        673               0     3YR                                        11/1/2009            6           6           2           2.875
     1103635543       CONDO                             1     OO        REFI                  Y                               6.5                  6.5              150000                150000              12/1/2006             11/1/2036                    812.5      360      75     FL                   2/1/2007        N                 200000                   1      2.875              812.5                                                                               33172           12/1/2006              8      SA1607EI_ARM-INTONLY                             0                 0                                 0      75                        703               0     3YR                                        11/1/2013            6           6           2           2.875
     1103635544       CONDO                             1     OO        REFI                  N                             6.875                6.875              133600                133600              12/1/2006             11/1/2036                   765.42      360      80     WI                   2/1/2007        N                 167000                   1      2.875             765.42                                                                               53022           12/1/2006              8      SA2605EI_ARM-INTONLY                             0                 0                             25000   94.97                        660               0     NO-PREPAY                                  11/1/2011            6           6           2           2.875
     1103635547       SFR                               1     OO        REFI                  Y                             6.125                6.125              248000                248000              12/1/2006             11/1/2036                  1265.83      360      80     FL                   2/1/2007        N                 310000                   1      2.875            1265.83                                                                               33064           12/1/2006              8      SA2603EI_ARM-INTONLY                             0                 0                                 0      80                        655               0     3YR                                        11/1/2009            6           6           2           2.875
     1103635549       CONDO                             1     NOO       REFI                  N                               6.5                  6.5              227200                227200              12/1/2006             11/1/2036                  1230.67      360   68.85     FL                   2/1/2007        N                 330000                   1      2.875            1230.67                                                                               33178           12/1/2006              8      SA1605EI_ARM-INTONLY                             0                 0                                 0   68.85                        761               0     3YR                                        11/1/2011            6           6           2           2.875
     1103635566       SFR                               1     OO        PURCHASE              N                             6.875                6.875              162000                162000              12/1/2006             11/1/2036                   928.13      360     100     TN                   2/1/2007        N                 167000                   1      2.875             928.13                                                                               37013           12/1/2006              8      SA2605EI_ARM-INTONLY                            35            162000                                 0     100                        677               0     3YR                                        11/1/2011            6           6           2           2.875
     1103635574       CONDO                             1     OO        PURCHASE              N                             6.625                6.625              136900             136725.31              12/1/2006             11/1/2036                   813.71      360     100     FL                   2/1/2007        Y                 140000                   1      2.875             813.71                                                                               32812           12/1/2006              1      PL0405E_ARM-BALLOON                             35            136900                                 0     100                        734           37.59     3YR                                        11/1/2011            6           6           2           2.875
     1103635610       SFR                               1     OO        REFI                  Y                               6.5                  6.5              368000                368000               1/1/2007             12/1/2036                  1993.33      360      80     CA                   2/1/2007        N                 460000                   1          3            1993.33                                                                               90002          11/30/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             92000     100                        751           38.56     2YR                                        12/1/2011            6           3           1               3
     1103635640       SFR                               1     OO        REFI                  Y                             6.375                6.375              525000                525000               1/1/2007             12/1/2036                  2789.06      360      70     CA                   2/1/2007        N                 750000                   1          3            2789.06                                                                               92563           12/4/2006             12      SA1605EI_ARM-INTONLY                             0                 0                                 0      70                        711               0     2YR                                        12/1/2011            6           3           1               3
     1103635642       SFR                               1     OO        PURCHASE              N                             5.875                5.875              214000             213342.25              12/1/2006             11/1/2036                  1265.89      360      80     CO                   2/1/2007        N                 301000                   1        2.5            1265.89                                                                               80223          12/11/2006              1      XA0603D_ARM                                      0            267500                             26750      90                        789           25.23     NO-PREPAY                                  11/1/2009            6           2           2             2.5
     1103635643       SFR                               1     OO        REFI                  Y                              5.75                 5.75              272000             271143.95              12/1/2006             11/1/2036                  1587.32      360   51.81     WA                   2/1/2007        N                 525000                   1        2.5            1587.32                                                                               98198          12/11/2006              1      XA0603D_ARM                                      0                 0                                 0   51.81                        809          44.767     NO-PREPAY                                  11/1/2009            6           2           2             2.5
     1103635644       PUD                               1     OO        REFI                  Y                             5.625                5.625              360000              358449.7              11/1/2006             10/1/2036                  2072.36      360    57.7     MO                   2/1/2007        N                 624000                   1        2.5            2072.36                                                                               63005          12/11/2006              1      XA0603D_ARM                                      0                 0                             74483   69.63                        796          10.472     NO-PREPAY                                  10/1/2009            6           2           2             2.5
     1103635645       PUD                               1     OO        REFI                  N                              5.75                 5.75              113972             112909.48              12/1/2006             11/1/2036                   665.11      360   20.36     MD                   2/1/2007        N                 560000                   1        2.5             665.11                                                                               21114          12/11/2006              1      XA0603D_ARM                                      0                 0                                 0   20.36                        801          11.279     NO-PREPAY                                  11/1/2009            6           2           2             2.5
     1103635646       PUD                               1     OO        PURCHASE              N                              5.75                 5.75              163065              162476.2              12/1/2006             11/1/2036                    951.6      360      80     NC                   2/1/2007        N                 205000                   1        2.5              951.6                                                                               27587          12/11/2006              1      XA0603D_ARM                                      0            203832                                 0      80                        763           46.39     NO-PREPAY                                  11/1/2009            6           2           2             2.5
     1103635666       D-PUDS                            1     OO        REFI                  Y                               6.5                  6.5              132600             131806.63               1/1/2007             12/1/2036                   838.12      360      60     FL                   2/1/2007        N                 221000                   1          0             838.12                                                                               33559          12/20/2006             17      PF1630_FIXEDRATE                                 0                 0                                 0      60                        655           47.45     3YR                                                             0           0           0               0
     1103635763       CONDO                             1     OO        PURCHASE              N                               5.5                  5.5              500000             499991.67               2/1/2007              1/1/2037                  2291.67      360   74.63     CA                   2/1/2007        N                 680000                   1          3            2291.67                                                                               90802          12/20/2006              1      PA0607EI_ARM-INTONLY                             0            670000                                 0   74.63                        785            26.7     3YR                                         1/1/2014            6           3           1               3
     1103635793       SFR                               1     OO        REFI                  Y                             7.375                7.375              360500                360500               2/1/2007              1/1/2037                  2215.57      360      70     UT                   2/1/2007        N                 515000                   1          3            2215.57                                                                               84737          12/29/2006              7      SA0607EI_ARM-INTONLY                             0                 0                                 0      70                        695               0     3YR                                         1/1/2014            6           3           1               3
     1103635829       D-PUDS                            1     OO        PURCHASE              N                             6.625                6.625              928600             923474.35               2/1/2007              1/1/2037                  5126.65      360      70     FL                   2/1/2007        N                1350000                   1          3            5126.65                                                                               32561          12/26/2006              2      PA0605EI_ARM-INTONLY                             0           1326700                            267900   90.19                        752           47.16     NO-PREPAY                                   1/1/2012            6           3           1               3
     1103635834       CONDO                             1     OO        PURCHASE              N                              6.25                 6.25              268500                268500               1/1/2007             12/1/2036                  1398.44      360      75     CA                   2/1/2007        N                 359000                   1          3            1398.44                                                                               90808          11/30/2006              7      SA2605EI_ARM-INTONLY                             0            358000                             35800      85                        622               0     2YR                                        12/1/2011            6           3           1               3
     1103635853       SFR                               1     NOO       PURCHASE              N                             7.625                7.625              256000                256000               1/1/2007             12/1/2036                  1626.67      360      80     CA                   2/1/2007        N                 320000                   1          3            1626.67                                                                               95954          12/21/2006              2      PA1605EI_ARM-INTONLY                             0            320000                             32000      90                        655           24.66     3YR                                        12/1/2011            6           3           1               3
     1103635855       SFR                               1     NOO       PURCHASE              N                             12.25                12.25               32000              31982.59               1/1/2007             12/1/2021                   335.33      180      10     CA                   2/1/2007        Y                 320000                   2          0             335.33                                                                               95954          12/21/2006              2      TB1630_BALLOON                                   0            320000                                 0      90                        655           24.66     3YR                                                             0           0           0               0
     1103635876       SFR                               1     NOO       PURCHASE              N                              5.75                 5.75              521500             520955.52               2/1/2007              1/1/2037                  3043.33      360   74.35     CA                   2/1/2007        N                 712000                   1          0            3043.33                                                                               95825            1/2/2007              1      PF0630_FIXEDRATE                                 0            701500                                 0   74.35                        738           24.84     NO-PREPAY                                                       0           0           0               0
     1103635879       SFR                               1     OO        REFI                  Y                              7.25                 7.25              468000                468000               1/1/2007             12/1/2036                   2827.5      360      80     CA                   2/1/2007        N                 585000                   1          3             2827.5                                                                               94520           12/8/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             58500      90                        678           42.33     3YR                                        12/1/2011            6           3           1               3
     1103635904       SFR                               1     NOO       REFI                  Y                               6.5                  6.5              200000             199583.33               1/1/2007             12/1/2036                  1083.33      360   56.66     CA                   2/1/2007        N                 353000                   1          0            1083.33                                                                               92376          12/14/2006              1      PF0630I_FIX-INTONLY                              0                 0                                 0   56.66                        774              12     3YR                                                             0           0           0               0
     1103635930       TOWNHOUSE                         1     NOO       PURCHASE              N                             13.25                13.25               28000                 28000               1/1/2007             12/1/2021                   309.17      180   14.82     MS                   2/1/2007        Y                 189900                   2          0             309.17                                                                               39507          12/11/2006              2      TB0630I_BALLOON-INTONLY                          0            189000                                 0   89.79                        718           44.42     NO-PREPAY                                                       0           0           0               0
     1103635955       CONDO                             1     OO        REFI                  N                               6.5                  6.5              298000             297919.29               1/1/2007             12/1/2036                  1614.17      360   78.43     CA                   2/1/2007        N                 380000                   1          3            1614.17                                                                               92630           12/8/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   78.43                        729           44.98     2YR                                        12/1/2011            6           3           1               3
     1103635989       HI-RISE                           1     NOO       PURCHASE              N                             9.875                9.875              263415             263174.66               1/1/2007             12/1/2036                  2287.36      360      85     FL                   2/1/2007        N                 440000                   1        3.5            2287.36                                                                               33301           12/7/2006              2      PA0405E_ARM                                     22            309900                                 0      85                        716           17.95     NO-PREPAY                                  12/1/2011            6           3           1           9.875
     1103636009       SFR                               1     OO        REFI                  Y                              7.25                 7.25              256750                256450               1/1/2007             12/1/2036                   1551.2      360      79     CA                   2/1/2007        N                 325000                   1          0             1551.2                                                                               92346          12/13/2006             17      PF2630I_FIX-INTONLY                              0                 0                                 0      79                        638           40.89     2YR                                                             0           0           0               0
     1103636022       HI-RISE                           1     NOO       PURCHASE              N                             7.375                7.375              480000             479634.76               2/1/2007              1/1/2037                  3315.24      360      75     NV                   2/1/2007        N                 640000                   1          3            3315.24                                                                               89109          12/18/2006              2      PA1607E_ARM                                      0            640000                                 0      75                        661           24.28     NO-PREPAY                                   1/1/2014            6           3           1               3
     1103636029       D-PUDS                            1     OO        REFI                  Y                               6.5                  6.5              810000                810000               2/1/2007              1/1/2037                   4387.5      360   74.66     CA                   2/1/2007        N                1085000                   1          3             4387.5                                                                               92014          12/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            162000   89.59                        735           36.75     3YR                                         1/1/2012            6           3           1               3
     1103636033       TOWNHOUSE                         1     OO        PURCHASE              N                              7.11                 7.11              124492                124492               2/1/2007              1/1/2037                   737.62      360      75     FL                   2/1/2007        N                 230000                   1          3             737.62                                                                               33032          12/15/2006              2      PA0605EI_ARM-INTONLY                             0            165990                             33198      95                        765              45     NO-PREPAY                                   1/1/2012            6           3           1               3
     1103636049       SFR                               1     OO        PURCHASE              N                             6.875                6.875              777600             777509.74               1/1/2007             12/1/2036                     4455      360      80     CA                   2/1/2007        N                 972000                   1       2.25               4455                                                                               94598          11/30/2006              2      XA2602EI_ARM-INTONLY                             0            972000                            194400     100                        636           42.12     NO-PREPAY                                  12/1/2008            6           3           1            2.25
     1103636052       2-4FAMILY                         2     OO        PURCHASE              N                             6.625                6.625              845000                845000              12/1/2006             11/1/2036                   4665.1      360      65     CA                   2/1/2007        N                1300000                   1       2.25             4665.1                                                                               94110          11/30/2006             12      BA1602EI_ARM-INTONLY                             0           1300000                            195000      80                        736               0     NO-PREPAY                                  11/1/2008            6           3           1            2.25
     1103636053       SFR                               1     OO        PURCHASE              N                             6.375                6.375              646900                646900               1/1/2007             12/1/2036                  3436.66      360      80     CA                   2/1/2007        N                 810000                   1       2.25            3436.66                                                                               94534          11/30/2006              2      PA0602EI_ARM-INTONLY                             0            808647                                 0      80                        749            42.4     NO-PREPAY                                  12/1/2008            6           3           1            2.25
     1103636054       SFR                               1     NOO       PURCHASE              N                              7.25                 7.25              476000                476000              12/1/2006             11/1/2036                  2875.83      360      80     CA                   2/1/2007        N                 595000                   1       2.25            2875.83                                                                               94904          11/30/2006              2      PA0602EI_ARM-INTONLY                             0            595000                                 0      80                        800           41.49     NO-PREPAY                                  11/1/2008            6           3           1            2.25
     1103636056       PUD                               1     OO        REFI                  Y                              6.25                 6.25              760000                760000              12/1/2006             11/1/2036                  3958.33      360      80     CA                   2/1/2007        N                 950000                   1       2.25            3958.33                                                                               91381          11/30/2006              2      XA1602EI_ARM-INTONLY                             0                 0                                 0      80                        680           40.14     NO-PREPAY                                  11/1/2008            6           3           1            2.25
     1103636063       SFR                               1     OO        REFI                  N                               6.5                  6.5              500000                500000               1/1/2007             12/1/2036                  2708.33      360      80     CA                   2/1/2007        N                 625000                   1       2.25            2708.33                                                                               94607          11/30/2006              2      PA1607EI_ARM-INTONLY                             0                 0                            115400   98.47                        677            38.4     NO-PREPAY                                  12/1/2013            6           6           2            2.25
     1103636064       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              417000                417000              12/1/2006             11/1/2036                  2171.88      360   78.98     CA                   2/1/2007        N                 550000                   1       2.25            2171.88                                                                               92139          11/30/2006              2      PA0607EI_ARM-INTONLY                             0            528000                            111000     100                        754           40.89     NO-PREPAY                                  11/1/2013            6           6           2            2.25
     1103636086       SFR                               1     OO        REFI                  N                             6.625                6.625              339000             338997.83               1/1/2007             12/1/2036                  1871.55      360    69.9     CA                   2/1/2007        N                 485000                   1          0            1871.55                                                                               91746          12/26/2006              7      SF1630I_FIX-INTONLY                              0                 0                                 0    69.9                        739               0     1YR                                                             0           0           0               0
     1103636147       SFR                               1     NOO       PURCHASE              N                             6.625                6.625              304500                304500               1/1/2007             12/1/2036                  1681.09      360      70     MN                   2/1/2007        N                 435000                   1          3            1681.09                                                                               55116          12/14/2006              2      PA1605EI_ARM-INTONLY                             0            435000                            108750      95                        641            42.8     3YR                                        12/1/2011            6           3           1           6.625
     1103636152       SFR                               1     NOO       PURCHASE              N                             14.25                14.25              108750             108712.39               1/1/2007             12/1/2021                   1310.1      180      25     MN                   2/1/2007        Y                 435000                   2          0             1310.1                                                                               55116          12/14/2006              2      TB1630_BALLOON                                   0            435000                                 0      95                        641            42.8     NO-PREPAY                                                       0           0           0               0
     1103636162       2-4FAMILY                         2     NOO       REFI                  N                              6.99                 6.99              670000                670000               1/1/2007             12/1/2036                  3902.75      360   71.28     CA                   2/1/2007        N                 940000                   1          3            3902.75                                                                               90019          12/22/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   71.28                        733           43.34     3YR                                        12/1/2011            6           3           1               3
     1103636165       SFR                               1     OO        REFI                  Y                              6.75                 6.75              233000                233000              12/1/2006             11/1/2036                  1310.63      360   77.67     MD                   2/1/2007        N                 300000                   1          4            1310.63                                                                               21009          11/30/2006              8      SA2605EI_ARM-INTONLY                             0                 0                                 0   77.67                        628               0     2YR                                        11/1/2011            6           6           2               4
     1103636167       TOWNHOUSE                         1     OO        PURCHASE              N                               6.5                  6.5              164250                164250              11/1/2006             10/1/2036                   889.69      360      75     MD                   2/1/2007        N                 220000                   1          4             889.69                                                                               20657          11/30/2006              8      SA0605EI_ARM-INTONLY                             0            219000                             43800      95                        751               0     2YR                                        10/1/2011            6           6           2               4
     1103636170       CONDO                             1     OO        PURCHASE              N                              7.25                 7.25              134900                134900              11/1/2006             10/1/2036                   815.02      360   74.99     FL                   2/1/2007        N                 185000                   1          4             815.02                                                                               33309           12/8/2006              8      SA1605EI_ARM-INTONLY                             0            179900                             35950   94.97                        652               0     2YR                                        10/1/2011            6           6           2               4
     1103636172       SFR                               1     OO        REFI                  N                              6.75                 6.75              396000                396000              12/1/2006             11/1/2036                   2227.5      360      80     MD                   2/1/2007        N                 495000                   1          4             2227.5                                                                               21009           12/8/2006              8      SA1605EI_ARM-INTONLY                             0                 0                             99000     100                        675               0     2YR                                        11/1/2011            6           6           2               4
     1103636173       TOWNHOUSE                         1     OO        PURCHASE              N                               6.5                  6.5              221150                221150              11/1/2006             10/1/2036                   1197.9      360      75     MD                   2/1/2007        N                 303000                   1          4             1197.9                                                                               21703          11/30/2006              8      SA0605EI_ARM-INTONLY                             0            294900                             73700   99.99                        756               0     NO-PREPAY                                  10/1/2011            6           6           2               4
     1103636174       CONDO                             1     OO        REFI                  Y                               7.5                  7.5              174000                174000              12/1/2006             11/1/2036                   1087.5      360      75     MD                   2/1/2007        N                 232000                   1          4             1087.5                                                                               20886           12/8/2006              8      SA1605EI_ARM-INTONLY                             0                 0                             46400      95                        660               0     2YR                                        11/1/2011            6           6           2               4
     1103636175       SFR                               1     OO        REFI                  Y                             6.875                6.875              359250                359250              12/1/2006             11/1/2036                   2058.2      360      75     VA                   2/1/2007        N                 479000                   1          4             2058.2                                                                               22042           12/8/2006              8      SA1605EI_ARM-INTONLY                             0                 0                             71850      90                        658               0     NO-PREPAY                                  11/1/2011            6           6           2               4
     1103636176       TOWNHOUSE                         1     NOO       PURCHASE              N                              7.75                 7.75               78550                 78550              12/1/2006             11/1/2036                    507.3      360   79.75     MD                   2/1/2007        N                 118000                   1          4              507.3                                                                               21218          11/30/2006              8      SA1605EI_ARM-INTONLY                             0             98500                             15000   94.98                        663               0     NO-PREPAY                                  11/1/2011            6           6           2               4
     1103636177       TOWNHOUSE                         1     NOO       PURCHASE              N                              7.75                 7.75               78550                 78550              12/1/2006             11/1/2036                    507.3      360   79.75     MD                   2/1/2007        N                 122000                   1          4              507.3                                                                               21218          11/30/2006              8      SA1605EI_ARM-INTONLY                             0             98500                             15000   94.98                        663               0     NO-PREPAY                                  11/1/2011            6           6           2               4
     1103636179       TOWNHOUSE                         1     OO        REFI                  Y                               7.5                  7.5              371250                371250               1/1/2007             12/1/2036                  2320.31      360      75     VA                   2/1/2007        N                 495000                   1          4            2320.31                                                                               23430           12/8/2006              8      SA2605EI_ARM-INTONLY                             0                 0                            123750     100                        636               0     2YR                                        12/1/2011            6           6           2               4
     1103636181       SFR                               1     OO        REFI                  Y                             6.875                6.875              348750                348750              12/1/2006             11/1/2036                  1998.05      360      75     MD                   2/1/2007        N                 465000                   1          4            1998.05                                                                               20705          11/30/2006              8      SA2605EI_ARM-INTONLY                             0                 0                             69750      90                        637               0     2YR                                        11/1/2011            6           6           2               4
     1103636182       SFR                               1     OO        REFI                  Y                               7.5                  7.5              552000                552000              12/1/2006             11/1/2036                     3450      360      80     MD                   2/1/2007        N                 690000                   1          4               3450                                                                               21163          11/30/2006              8      SA1605EI_ARM-INTONLY                             0                 0                            103500      95                        647               0     2YR                                        11/1/2011            6           6           2               4
     1103636183       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              300800                300800              12/1/2006             11/1/2036                     1692      360      80     VA                   2/1/2007        N                 376000                   1          4               1692                                                                               22193           12/8/2006              8      SA2605EI_ARM-INTONLY                             0            376000                             75200     100                        626               0     2YR                                        11/1/2011            6           6           2               4
     1103636184       TOWNHOUSE                         1     OO        PURCHASE              N                             7.625                7.625              352000                352000              12/1/2006             11/1/2036                  2236.67      360      80     VA                   2/1/2007        N                 469000                   1          4            2236.67                                                                               22310          11/30/2006              8      SA2605EI_ARM-INTONLY                             0            440000                             88000     100                        627               0     2YR                                        11/1/2011            6           6           2               4
     1103636186       TOWNHOUSE                         1     OO        REFI                  Y                             7.375                7.375              243000                243000              12/1/2006             11/1/2036                  1493.44      360      75     MD                   2/1/2007        N                 324000                   1          4            1493.44                                                                               20772          11/30/2006              8      SA1605EI_ARM-INTONLY                             0                 0                             64800      95                        651               0     2YR                                        11/1/2011            6           6           2               4
     1103636188       SFR                               1     OO        REFI                  N                             6.625                6.625              109500              109177.8              12/1/2006             11/1/2036                   701.14      360      75     MD                   2/1/2007        N                 146000                   1          4             701.14                                                                               21222           12/8/2006              8      SA1605E_ARM                                      0                 0                             21500   89.73                        652               0     2YR                                        11/1/2011            6           6           2               4
     1103636189       TOWNHOUSE                         1     OO        PURCHASE              N                             7.875                7.875              255200                255200              12/1/2006             11/1/2036                  1674.75      360      80     VA                   2/1/2007        N                 340000                   1          4            1674.75                                                                               22026          11/30/2006              8      SA2605EI_ARM-INTONLY                             0            319000                             63800     100                        621               0     2YR                                        11/1/2011            6           6           2               4
     1103636190       TOWNHOUSE                         1     OO        REFI                  Y                                 7                    7              500000                500000              12/1/2006             11/1/2036                  2916.67      360      80     MD                   2/1/2007        N                 625000                   1          4            2916.67                                                                               20744          11/30/2006              8      SA0605EI_ARM-INTONLY                             0                 0                             72500    91.6                        727               0     2YR                                        11/1/2011            6           6           2               4
     1103636191       TOWNHOUSE                         1     OO        REFI                  Y                              7.25                 7.25              255000                255000              12/1/2006             11/1/2036                  1540.63      360      75     FL                   2/1/2007        N                 340000                   1          4            1540.63                                                                               32750           12/8/2006              8      SA1605EI_ARM-INTONLY                             0                 0                             85000     100                        673               0     NO-PREPAY                                  11/1/2011            6           6           2               4
     1103636192       SFR                               1     OO        REFI                  Y                              6.75                 6.75              248250                248250              12/1/2006             11/1/2036                  1396.41      360    66.2     VA                   2/1/2007        N                 375000                   1          4            1396.41                                                                               22553           12/8/2006              8      SA0605EI_ARM-INTONLY                             0                 0                                 0    66.2                        684               0     2YR                                        11/1/2011            6           6           2               4
     1103636194       SFR                               1     OO        PURCHASE              N                              7.75                 7.75              208000                208000              12/1/2006             11/1/2036                  1343.33      360      80     MD                   2/1/2007        N                 300000                   1          4            1343.33                                                                               20601          11/30/2006              8      SA2605EI_ARM-INTONLY                             0            260000                             52000     100                        632               0     2YR                                        11/1/2011            6           6           2               4
     1103636195       TOWNHOUSE                         1     NOO       REFI                  Y                               8.6                  8.6              284000                284000              12/1/2006             11/1/2036                  2035.33      360   79.78     VA                   2/1/2007        N                 356000                   1          4            2035.33                                                                               20170          11/30/2006              8      SA0605EI_ARM-INTONLY                             0                 0                                 0   79.78                        694               0     1YR                                        11/1/2011            6           6           2               4
     1103636197       2-4FAMILY                         2     NOO       REFI                  Y                             7.625                7.625               78750              78749.39              12/1/2006             11/1/2036                   500.39      360    71.6     MD                   2/1/2007        N                 110000                   1          4             500.39                                                                               21222           12/8/2006              8      SA1605EI_ARM-INTONLY                             0                 0                                 0    71.6                        664               0     2YR                                        11/1/2011            6           6           2               4
     1103636198       SFR                               1     OO        PURCHASE              N                              7.25                 7.25              176000             175585.61              12/1/2006             11/1/2036                  1200.63      360      80     VA                   2/1/2007        N                 220000                   1          4            1200.63                                                                               23435          11/30/2006              8      SA1605E_ARM                                      0            220000                             44000     100                        642               0     2YR                                        11/1/2011            6           6           2               4
     1103636200       SFR                               1     OO        PURCHASE              N                              7.75                 7.75              278400                278400              12/1/2006             11/1/2036                     1798      360      80     VA                   2/1/2007        N                 348000                   1          4               1798                                                                               23321          11/30/2006              8      SA1605EI_ARM-INTONLY                             0            348000                             69600     100                        672               0     2YR                                        11/1/2011            6           6           2               4
     1103636201       TOWNHOUSE                         1     OO        PURCHASE              N                              7.25                 7.25              239300                239300              12/1/2006             11/1/2036                  1445.77      360      80     VA                   2/1/2007        N                 302000                   1          4            1445.77                                                                               22508          11/30/2006              8      SA1605EI_ARM-INTONLY                             0            299150                             59800   99.99                        665               0     2YR                                        11/1/2011            6           6           2               4
     1103636205       SFR                               1     OO        REFI                  N                              7.25                 7.25              169500             169498.78              12/1/2006             11/1/2036                  1024.06      360      75     MD                   2/1/2007        N                 226000                   1          4            1024.06                                                                               21237           12/8/2006              8      BA3205EI_ARM-INTONLY                             0                 0                             33700   89.92                        607               0     2YR                                        11/1/2011            6           6           2               4
     1103636211       SFR                               1     OO        REFI                  Y                               8.5                  8.5              292000                292000              10/1/2006              9/1/2036                  2068.33      360      80     CA                   2/1/2007        N                 365000                   1          3            2068.33                                                                               95823          12/14/2006              2      PA2605EI_ARM-INTONLY                             0                 0                             73000     100                        635           45.44     5YR                                         9/1/2011            6           3           1               3
     1103636212       PUD                               1     OO        REFI                  Y                              7.25                 7.25              165000             164358.25              11/1/2006             10/1/2036                  1125.59      360   59.79     FL                   2/1/2007        N                 276000                   1          3            1125.59                                                                               33569          12/14/2006             12      SA0605E_ARM                                      0                 0                                 0   59.79                        696               0     2YR                                        10/1/2011            6           3           1               3
     1103636214       CONDO                             1     NOO       PURCHASE              N                              8.25                 8.25              145600             145033.29               9/1/2006              8/1/2036                  1093.84      360      80     FL                   2/1/2007        N                 182000                   1        3.5            1093.84                                                                               33012          12/14/2006              2      PA1605E_ARM                                      0            182000                             27300      95                        644           47.32     2YR                                         8/1/2011            6           3           1             3.5
     1103636215       CONDO                             1     NOO       PURCHASE              N                              8.25                 8.25              145600             145033.29               9/1/2006              8/1/2036                  1093.84      360      80     FL                   2/1/2007        N                 182000                   1        3.5            1093.84                                                                               33012          12/14/2006              2      PA1605E_ARM                                      0            182000                             27300      95                        644           47.32     2YR                                         8/1/2011            6           3           1             3.5
     1103636216       CONDOTEL                          1     2ND       PURCHASE              N                             9.125                9.125              152000                152000              12/1/2006             11/1/2036                  1155.83      360      80     FL                   2/1/2007        N                 190000                   1          3            1155.83                                                                               32819          12/14/2006              1      PA0605EI_ARM-INTONLY                             0            190000                                 0      80                                      19.75     3YR                                        11/1/2011            6           3           1               3
     1103636217       SFR                               1     OO        PURCHASE              N                             7.875                7.875               70000              69854.53              12/1/2006             11/1/2036                   507.55      360   82.36     FL                   2/1/2007        N                  85000                   1      3.375             507.55                                                                               32534          12/29/2006              1      BA0205E_ARM                                      0             85000                             15000     100                        740            45.4     3YR                                        11/1/2011            6           3           1           3.375
     1103636218       SFR                               1     NOO       PURCHASE              N                             9.125                9.125               80000              79914.52               1/1/2007             12/1/2036                   650.91      360      80     GA                   2/1/2007        N                 109000                   1          3             650.91                                                                               30296          12/14/2006              2      PA0605E_ARM                                      0            100000                             15000      95                        723           32.25     1YR                                        12/1/2011            6           3           1               3
     1103636220       SFR                               1     OO        PURCHASE              N                              7.99                 7.99               88130              87829.78              10/1/2006              9/1/2036                   646.05      360      70     MS                   2/1/2007        N                 126000                   1          3             646.05                                                                               39465          12/14/2006              2      PA2605E_ARM                                      0            125900                             37770     100                        622           47.28     2YR                                         9/1/2011            6           3           1               3
     1103636221       PUD                               1     2ND       PURCHASE              N                             6.875                6.875              239925             239111.77              11/1/2006             10/1/2036                  1576.14      360      75     FL                   2/1/2007        N                 385000                   1          3            1576.14                                                                               34292          12/14/2006              1      PA0605E_ARM                                      0            319900                                 0      75                                       45.2     2YR                                        10/1/2011            6           3           1               3
     1103636223       SFR                               1     NOO       PURCHASE              N                                 8                    8              114750             114359.89              10/1/2006              9/1/2036                   841.99      360      75     FL                   2/1/2007        N                 156000                   1          3             841.99                                                                               33777          12/14/2006              2      PA1602E_ARM                                      0            153000                             30600      95                        642           42.46     1YR                                         9/1/2008            6           3           1               3
     1103636224       PUD                               1     NOO       PURCHASE              N                             9.875                9.875               57600              57494.02              11/1/2006             10/1/2036                   500.17      360      80     MS                   2/1/2007        N                  72000                   1      7.875             500.17                                                                               38671          12/14/2006              2      PA3602E_ARM                                      0             72000                                 0      80                        600           33.35     2YR                                        10/1/2008            6           3           1           9.875
     1103636225       CONDOTEL                          1     2ND       PURCHASE              N                             8.875                8.875              152000             151742.47              12/1/2006             11/1/2036                  1209.38      360      80     FL                   2/1/2007        N                 194000                   1          3            1209.38                                                                               32819          12/29/2006              1      PA0605E_ARM                                      0            190000                                 0      80                                      10.55     3YR                                        11/1/2011            6           3           1               3
     1103636226       SFR                               1     OO        PURCHASE              N                             5.875                5.875              247920             246571.12              10/1/2006              9/1/2036                  1466.54      360      80     LA                   2/1/2007        N                 325000                   1          4            1466.54                                                                               70816          12/14/2006              2      PA2603E_ARM                                      0            309900                                 0      80                        630           41.47     2YR                                         9/1/2009            6           3           1           5.875
     1103636233       SFR                               1     NOO       PURCHASE              N                             9.875                9.875              111200             110943.23              10/1/2006              9/1/2036                    965.6      360      80     GA                   2/1/2007        N                 154000                   1          0              965.6                                                                               30535          12/14/2006              2      PF0630_FIXEDRATE                                 0            139000                             20850      95                        815           41.25     1YR                                                             0           0           0               0
     1103636234       CONDO                             1     2ND       PURCHASE              N                              8.25                 8.25              109360             109149.34              12/1/2006             11/1/2036                   821.59      360      80     GA                   2/1/2007        N                 137000                   1          0             821.59                                                                               30043          12/14/2006              1      PF0630_FIXEDRATE                                 0            136700                                 0      80                                      20.75     2YR                                                             0           0           0               0
     1103636247       SFR                               1     OO        REFI                  Y                            12.625               12.625               73000              72907.22              10/1/2006              9/1/2021                   786.19      180      20     CA                   2/1/2007        Y                 365000                   2          0             786.19                                                                               95823          12/14/2006              2      TB2630_BALLOON                                   0                 0                                 0     100                        635           45.03     3YR                                                             0           0           0               0
     1103636249       SFR                               1     NOO       PURCHASE              N                             14.05                14.05               30600              30571.83              10/1/2006              9/1/2021                   363.78      180      20     FL                   2/1/2007        Y                 156000                   2          0             363.78                                                                               33777          12/14/2006              2      TB1630_BALLOON                                   0            153000                                 0      95                        642           42.46     1YR                                                             0           0           0               0
     1103636250       CONDO                             1     NOO       PURCHASE              N                             14.45                14.45               27300              27272.28               9/1/2006              8/1/2021                   333.22      180      15     FL                   2/1/2007        Y                 182000                   2          0             333.22                                                                               33012          12/14/2006              2      TB1630_BALLOON                                   0            182000                                 0      95                        644           47.32     2YR                                                             0           0           0               0
     1103636251       CONDO                             1     NOO       PURCHASE              N                             14.45                14.45               27300              27272.28               9/1/2006              8/1/2021                   333.22      180      15     FL                   2/1/2007        Y                 182000                   2          0             333.22                                                                               33012          12/14/2006              2      TB1630_BALLOON                                   0            182000                                 0      95                        644           47.32     2YR                                                             0           0           0               0
     1103636252       SFR                               1     NOO       PURCHASE              N                              12.7                 12.7               20850              20823.96              10/1/2006              9/1/2021                   225.76      180      15     GA                   2/1/2007        Y                 154000                   2          0             225.76                                                                               30535          12/14/2006              2      TB0630_BALLOON                                   0            139000                                 0      95                        815           41.25     1YR                                                             0           0           0               0
     1103636253       SFR                               1     OO        PURCHASE              N                             13.85                13.85               37770              37733.56              10/1/2006              9/1/2036                   443.05      360      30     MS                   2/1/2007        N                 126000                   2          0             443.05                                                                               39465          12/14/2006              2      UF2330_FIXEDRATE                                 0            125900                                 0     100                        622           47.28     2YR                                                             0           0           0               0
     1103636263       D-PUDS                            1     OO        REFI                  Y                              7.55                 7.55              130000             129758.38               1/1/2007             12/1/2036                   913.43      360   48.15     FL                   2/1/2007        N                 270000                   1          0             913.43                                                                               33417          12/14/2006             12      SF1630_FIXEDRATE                                 0                 0                                 0   48.15                        773               0     3YR                                                             0           0           0               0
     1103636323       SFR                               1     OO        REFI                  Y                             5.875                5.875              215000             214560.51               1/1/2007             12/1/2036                  1271.81      360   48.32     CA                   2/1/2007        N                 445000                   1          3            1271.81                                                                               90262           12/5/2006             17      PA0605E_ARM                                      0                 0                                 0   48.32                        707           43.94     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103636348       CONDO                             1     OO        REFI                  Y                             7.625                7.625              136000                136000               2/1/2007              1/1/2037                   864.17      360      80     CO                   2/1/2007        N                 170000                   1          3             864.17                                                                               80218          12/29/2006              1      PA1605EI_ARM-INTONLY                             0                 0                             25500      95                        654           27.24     NO-PREPAY                                   1/1/2012            6           3           1               3
     1103636394       CONDO                             1     OO        PURCHASE              N                             6.875                6.875              307600                307600               1/1/2007             12/1/2036                  1762.29      360      80     CA                   2/1/2007        N                 390000                   1          3            1762.29                                                                               92879          12/21/2006              1      PA1605EI_ARM-INTONLY                             0            384500                             76900     100                        650              44     3YR                                        12/1/2011            6           3           1               3
     1103636421       SFR                               1     OO        PURCHASE              N                              5.75                 5.75              647500              646144.7               1/1/2007             12/1/2036                  3778.63      360      70     WA                   2/1/2007        N                 950000                   1          0            3778.63                                                                               98671           12/8/2006              1      PF0630_FIXEDRATE                                 0            925000                            185000      90                        780           37.14     NO-PREPAY                                                       0           0           0               0
     1103636423       SFR                               1     OO        REFI                  N                             5.375                5.375              850000                850000               4/1/2006              3/1/2036                  3807.29      360   53.13     NY                   2/1/2007        N                1600000                   1       2.25            3807.29                                                                               11694          12/14/2006              1      BA0230DI_ARM-INTONLY                             0                 0                                 0   53.13                        746              44     NO-PREPAY                                   3/1/2007        5.625           2           2            2.25
     1103636424       SFR                               1     2ND       PURCHASE              N                              7.25                 7.25               65100                 65100              10/1/2006              9/1/2036                   393.31      360      70     CO                   2/1/2007        N                  93000                   1       2.25             393.31                                                                               81004          12/14/2006              8      BA0230DI_ARM-INTONLY                             0             93000                             27900     100                        682               0     NO-PREPAY                                   9/1/2007            6           2           2            2.25
     1103636426       SFR                               1     OO        PURCHASE              N                             7.625                7.625              176250                176250              12/1/2006             11/1/2036                  1119.92      360      75     VA                   2/1/2007        N                 235000                   1       2.25            1119.92                                                                               24401          12/14/2006             12      XA0630DI_ARM-INTONLY                             0            235000                             47000      95                        699               0     NO-PREPAY                                  11/1/2009            6           2           2            2.25
     1103636427       SFR                               1     OO        REFI                  Y                               6.5                  6.5              262500                262500              12/1/2006             11/1/2036                  1421.88      360      70     MD                   2/1/2007        N                 375000                   1       2.25            1421.88                                                                               21207          12/14/2006              8      XA0630DI_ARM-INTONLY                             0                 0                            112500     100                        690               0     NO-PREPAY                                  11/1/2009            6           2           2            2.25
     1103636428       SFR                               1     OO        REFI                  Y                             5.875                5.875              434000                434000              12/1/2006             11/1/2036                  2124.79      360      70     IL                   2/1/2007        N                 620000                   1       2.25            2124.79                                                                               60083          12/14/2006              1      XA0630DI_ARM-INTONLY                             0                 0                                 0      70                        793           31.03     NO-PREPAY                                  11/1/2009        5.125           2           2            2.25
     1103636429       2-4FAMILY                         2     OO        PURCHASE              N                             6.875                6.875              252350                252350               1/1/2007             12/1/2036                  1445.76      360      70     IL                   2/1/2007        N                 360500                   1       2.25            1445.76                                                                               60302          12/14/2006              2      XA1630DI_ARM-INTONLY                             0            360500                            108150     100                        680           19.61     NO-PREPAY                                  12/1/2007            6           2           2            2.25
     1103636430       SFR                               1     OO        REFI                  Y                               7.5                  7.5              160000                160000              11/1/2006             10/1/2036                     1000      360   46.38     CA                   2/1/2007        N                 345000                   1        5.5               1000                                                                               92234          12/14/2006              2      PA1602EI_ARM-INTONLY                             0                 0                                 0   46.38                        657           39.61     NO-PREPAY                                  10/1/2008            6           3           1             5.5
     1103636431       SFR                               1     NOO       PURCHASE              N                             6.375                6.375               56000              55972.13              12/1/2006             11/1/2036                    297.5      360      70     NC                   2/1/2007        N                  81000                   1       2.25              297.5                                                                               28314          12/14/2006              1      BA0202EI_ARM-INTONLY                             0             80000                             24000     100                        741           31.08     NO-PREPAY                                  11/1/2008            5           3           1            2.25
     1103636432       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              159076                159076               1/1/2007             12/1/2036                   828.52      360      80     VA                   2/1/2007        N                 209000                   1       2.25             828.52                                                                               23324          12/14/2006              2      PA0602EI_ARM-INTONLY                             0            198845                             39769     100                        731           39.01     NO-PREPAY                                  12/1/2008            5           3           1            2.25
     1103636433       SFR                               1     NOO       REFI                  Y                             8.375                8.375               32000                 32000              12/1/2006             11/1/2036                   223.33      360      80     IN                   2/1/2007        N                  40000                   1          5             223.33                                                                               46221          12/14/2006             12      BA1203EI_ARM-INTONLY                             0                 0                                 0      80                        699               0     NO-PREPAY                                  11/1/2009            5           3           1               5
     1103636434       2-4FAMILY                         2     NOO       PURCHASE              N                             8.375                8.375               58030              57921.04              12/1/2006             11/1/2036                   441.07      360      70     DE                   2/1/2007        N                  86000                   1          5             441.07                                                                               19805          12/14/2006              1      XA1603E_ARM                                      0             82900                             20725      95                        669           27.12     NO-PREPAY                                  11/1/2009            5           3           1               5
     1103636435       2-4FAMILY                         2     OO        PURCHASE              N                             6.875                6.875              448800                448800              12/1/2006             11/1/2036                  2571.25      360      80     NY                   2/1/2007        N                 561000                   1       2.25            2571.25                                                                               10469          12/14/2006              2      PA0603EI_ARM-INTONLY                             0            561000                            112200     100                        740           39.54     NO-PREPAY                                  11/1/2009            5           3           1            2.25
     1103636436       SFR                               1     NOO       REFI                  Y                              8.25                 8.25              104000                104000              12/1/2006             11/1/2036                      715      360      80     IL                   2/1/2007        N                 130000                   1          5                715                                                                               60636          12/14/2006             12      XA2603EI_ARM-INTONLY                             0                 0                                 0      80                        695               0     NO-PREPAY                                  11/1/2009            5           3           1               5
     1103636437       SFR                               1     OO        PURCHASE              N                             8.125                8.125              156000             155603.25              12/1/2006             11/1/2036                  1056.25      360      80     FL                   2/1/2007        N                 202000                   1          5            1056.25                                                                               33069          12/14/2006             17      PA0603EI_ARM-INTONLY                             0            195000                             39000     100                        707           40.64     NO-PREPAY                                  11/1/2009            5           3           1               5
     1103636439       SFR                               1     OO        PURCHASE              N                              8.25                 8.25              280250                280250              12/1/2006             11/1/2036                  1926.72      360      95     FL                   2/1/2007        N                 425000                   1          5            1926.72                                                                               33703          12/14/2006             12      SA2603EI_ARM-INTONLY                            30            295000                                 0      95                        661               0     NO-PREPAY                                  11/1/2009            5           3           1               5
     1103636440       SFR                               1     NOO       REFI                  Y                             7.375                7.375              300000                300000              12/1/2006             11/1/2036                  1843.75      360      75     AZ                   2/1/2007        N                 400000                   1          5            1843.75                                                                               85355          12/14/2006             17      PA0603EI_ARM-INTONLY                             0                 0                                 0      75                        767           48.23     NO-PREPAY                                  11/1/2009            5           3           1               5
     1103636441       SFR                               1     OO        REFI                  Y                             6.625                6.625              165000                165000              12/1/2006             11/1/2036                   910.94      360      75     FL                   2/1/2007        N                 220000                   1          5             910.94                                                                               33147          12/14/2006             17      PA0603EI_ARM-INTONLY                             0                 0                                 0      75                        683            32.7     5YR                                        11/1/2009            5           3           1               5
     1103636442       CONDO                             1     NOO       REFI                  Y                              8.25                 8.25              206000                206000              12/1/2006             11/1/2036                  1416.25      360   79.85     FL                   2/1/2007        N                 258000                   1          5            1416.25                                                                               34990          12/14/2006             17      PA1603EI_ARM-INTONLY                             0                 0                                 0   79.85                        644           34.89     NO-PREPAY                                  11/1/2009            5           3           1               5
     1103636443       CONDO                             1     NOO       REFI                  Y                              8.25                 8.25              206000                206000              12/1/2006             11/1/2036                  1416.25      360   79.85     FL                   2/1/2007        N                 258000                   1          5            1416.25                                                                               34990          12/14/2006             17      PA1603EI_ARM-INTONLY                             0                 0                                 0   79.85                        644           34.89     NO-PREPAY                                  11/1/2009            5           3           1               5
     1103636444       SFR                               1     NOO       REFI                  Y                               7.5                  7.5               96000              95784.91              12/1/2006             11/1/2036                   671.25      360      80     MI                   2/1/2007        N                 120000                   1          5             671.25                                                                               48235          12/14/2006              8      SA1603E_ARM                                      0                 0                             12000      90                        763               0     NO-PREPAY                                  11/1/2009            5           3           1               5
     1103636445       SFR                               1     NOO       PURCHASE              N                             7.875                7.875              220000                220000              12/1/2006             11/1/2036                  1443.75      360      80     FL                   2/1/2007        N                 275000                   1          5            1443.75                                                                               33024          12/14/2006             17      PA1603EI_ARM-INTONLY                             0            275000                                 0      80                        673            37.8     NO-PREPAY                                  11/1/2009            5           3           1               5
     1103636446       SFR                               1     NOO       PURCHASE              N                              7.75                 7.75              265000                265000              12/1/2006             11/1/2036                  1711.46      360   66.09     NJ                   2/1/2007        N                 401000                   1          5            1711.46                                                                               07304          12/14/2006             12      XA1603EI_ARM-INTONLY                             0            401000                                 0   66.09                        721               0     NO-PREPAY                                  11/1/2009            5           3           1               5
     1103636447       SFR                               1     NOO       PURCHASE              N                             8.375                8.375              589000                589000              12/1/2006             11/1/2036                  4110.73      360      76     NJ                   2/1/2007        N                 775000                   1          5            4110.73                                                                               07627          12/14/2006             12      XA1603EI_ARM-INTONLY                             0            775000                                 0      76                        721               0     NO-PREPAY                                  11/1/2009            5           3           1               5
     1103636450       SFR                               1     NOO       REFI                  Y                             8.375                8.375               32000                 32000               1/1/2007             12/1/2036                   223.33      360      80     IN                   2/1/2007        N                  40000                   1          5             223.33                                                                               46241          12/14/2006             12      BA1203EI_ARM-INTONLY                             0                 0                                 0      80                        699               0     NO-PREPAY                                  12/1/2009            5           3           1               5
     1103636451       CONDO                             1     OO        REFI                  Y                              7.25                 7.25              225000             224958.56               1/1/2007             12/1/2036                  1359.38      360      75     FL                   2/1/2007        N                 300000                   1          5            1359.38                                                                               33071          12/14/2006             12      SA1603EI_ARM-INTONLY                             0                 0                                 0      75                        686               0     NO-PREPAY                                  12/1/2009            5           3           1               5
     1103636452       PUD                               1     OO        PURCHASE              N                             7.625                7.625              169200                169200               1/1/2007             12/1/2036                  1075.13      360      80     NC                   2/1/2007        N                 215000                   1          5            1075.13                                                                               28105          12/14/2006             12      SA1603EI_ARM-INTONLY                             0            211500                             42300     100                        742               0     NO-PREPAY                                  12/1/2009            5           3           1               5
     1103636461       SFR                               1     NOO       REFI                  Y                             7.375                7.375              356000                356000               1/1/2007             12/1/2036                  2187.92      360      80     CA                   2/1/2007        N                 445000                   1          3            2187.92                                                                               91764          12/13/2006              8      SA1605EI_ARM-INTONLY                             0                 0                                 0      80                        715               0     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103636507       SFR                               1     NOO       REFI                  N                              6.75                 6.75              104000             103910.46               2/1/2007              1/1/2037                   674.54      360      26     CA                   2/1/2007        N                 400000                   1          0             674.54                                                                               90220          12/29/2006              7      PF0630_FIXEDRATE                                 0                 0                                 0      26                        747               0     1YR                                                             0           0           0               0
     1103636522       SFR                               1     OO        REFI                  Y                             6.875                6.875              388000                388000               1/1/2007             12/1/2036                  2222.92      360      80     CA                   2/1/2007        N                 485000                   1          3            2222.92                                                                               92377          12/13/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        657           43.22     1YR                                        12/1/2011            6           3           1               3
     1103636556       SFR                               1     OO        PURCHASE              N                             5.125                5.125              471200                471200               2/1/2007              1/1/2037                  2012.42      360      80     CA                   2/1/2007        N                 589000                   1          3            2012.42                                                                               91740            1/2/2007              2      PA0603EI_ARM-INTONLY                             0            589000                            117800     100                        698           34.31     3YR                                         1/1/2010            6           3           1               3
     1103636603       SFR                               1     OO        PURCHASE              N                              5.75                 5.75              570000             568806.91               1/1/2007             12/1/2036                  3326.37      360   74.03     NC                   2/1/2007        N                 830000                   1          0            3326.37                                                                               27804           12/8/2006              1      PF0630_FIXEDRATE                                 0            770000                                 0   74.03                        797           20.91     NO-PREPAY                                                       0           0           0               0
     1103636670       SFR                               1     OO        PURCHASE              N                             6.625                6.625              277600              277364.5               1/1/2007             12/1/2036                  1650.01      360      80     CA                   2/1/2007        Y                 370000                   1          0            1650.01                                                                               92582          12/29/2006              2      PB1640_BALLOON                                   0            347000                             69400     100                        667           49.51     1YR                                                             0           0           0               0
     1103636673       SFR                               1     OO        REFI                  Y                                 6                    6              496000                496000               1/1/2007             12/1/2036                     2480      360      80     CA                   2/1/2007        N                 620000                   1          3               2480                                                                               91761           12/7/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        708           35.73     3YR                                        12/1/2011            6           3           1               3
     1103636678       D-PUDS                            1     OO        PURCHASE              N                              5.75                 5.75              535000             534441.42               2/1/2007              1/1/2037                  3122.12      360   79.86     FL                   2/1/2007        N                 670000                   1          0            3122.12                                                                               33437          12/28/2006              2      PF0630_FIXEDRATE                                 0         680460.39                                 0   79.86                        790           48.72     3YR                                                             0           0           0               0
     1103636685       CONDO                             1     NOO       REFI                  Y                             7.875                7.875              120000              119834.3               1/1/2007             12/1/2036                   870.08      360   79.48     FL                   2/1/2007        N                 151000                   1          0             870.08                                                                               33016          12/19/2006              2      PF1630_FIXEDRATE                                 0                 0                                 0   79.48                        670           46.24     NO-PREPAY                                                       0           0           0               0
     1103636752       SFR                               1     OO        PURCHASE              N                              6.99                 6.99              350400                350400               1/1/2007             12/1/2036                  2041.08      360      80     CA                   2/1/2007        N                 439000                   1          3            2041.08                                                                               91768           12/8/2006              2      PA1605EI_ARM-INTONLY                             0            438000                             87600     100                        659           45.79     2YR                                        12/1/2011            6           3           1               3
     1103636762       SFR                               1     NOO       REFI                  Y                                 7                    7              186000                186000               1/1/2007             12/1/2036                     1085      360      75     OR                   2/1/2007        N                 248000                   1          0               1085                                                                               97756          12/19/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0      75                        751           42.26     3YR                                                             0           0           0               0
     1103636764       SFR                               1     OO        REFI                  N                              5.75                 5.75              609327                609327               1/1/2007             12/1/2036                  2919.69      360   52.99     CA                   2/1/2007        N                1150000                   1          3            2919.69                                                                               90240          12/15/2006              1      PA0607EI_ARM-INTONLY                             0                 0                                 0   52.99                        764           50.48     NO-PREPAY                                  12/1/2013            6           3           1               3
     1103636765       2-4FAMILY                         4     NOO       REFI                  N                             7.125                7.125              378000                378000               2/1/2007              1/1/2037                  2244.38      360   72.98     CA                   2/1/2007        N                 518000                   1          3            2244.38                                                                               93309          12/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   72.98                        721           38.68     2YR                                         1/1/2012            6           3           1               3
     1103636797       D-PUDS                            1     OO        REFI                  N                                 7                    7              608000                608000               1/1/2007             12/1/2036                  3546.67      360      80     AZ                   2/1/2007        N                 760000                   1          3            3546.67                                                                               85260           12/6/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             76000      90                        655           36.33     1YR                                        12/1/2011            6           3           1               3
     1103636804       D-PUDS                            1     OO        REFI                  Y                              12.5                 12.5               76000              75960.89               1/1/2007             12/1/2021                   811.12      180      10     AZ                   2/1/2007        Y                 760000                   2          0             811.12                                                                               85260           12/6/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        655           36.33     1YR                                                             0           0           0               0
     1103636865       CONDO                             1     2ND       PURCHASE              N                              8.25                 8.25              125400                125400               1/1/2007             12/1/2036                   862.13      360      80     FL                   2/1/2007        N                 198000                   1        3.5             862.13                                                                               33035          12/20/2006              2      PA0605EI_ARM-INTONLY                             0            156750                             23500      95                        724           40.68     6MO                                        12/1/2011            6           3           1             3.5
     1103636916       SFR                               1     OO        REFI                  Y                              6.75                 6.75              215000             214628.73               1/1/2007             12/1/2036                  1394.49      360    57.8     NY                   2/1/2007        N                 372000                   1          0            1394.49                                                                               11772          12/28/2006             17      PF0630_FIXEDRATE                                 0                 0                                 0    57.8                        811           46.57     1YR                                                             0           0           0               0
     1103636922       SFR                               1     OO        REFI                  Y                             6.875                6.875              500000                500000               2/1/2007              1/1/2037                  2864.58      360      80     CA                   2/1/2007        N                 625000                   1          0            2864.58                                                                               92806          12/19/2006             17      PF0630I_FIX-INTONLY                              0                 0                                 0      80                        743           43.48     3YR                                                             0           0           0               0
     1103636937       SFR                               1     NOO       REFI                  Y                                 7                    7              956250             956142.25               2/1/2007              1/1/2037                  5578.13      360      75     CA                   2/1/2007        N                1275000                   1          3            5578.13                                                                               92065          12/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      75                        766           23.57     2.5YR                                       1/1/2012            6           3           1               3
     1103636938       SFR                               1     OO        REFI                  N                             5.625                5.625              132000             131858.88               2/1/2007              1/1/2037                   759.87      360   33.68     CA                   2/1/2007        N                 392000                   1          0             759.87                                                                               92027          12/20/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   33.68                        728           38.79     5YR                                                             0           0           0               0
     1103636939       SFR                               1     OO        REFI                  N                             6.875                6.875              338000                338000               2/1/2007              1/1/2037                  1936.46      360   75.96     FL                   2/1/2007        N                 445000                   1          3            1936.46                                                                               33015          12/21/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0   75.96                        656           33.07     3YR                                         1/1/2012            6           3           1               3
     1103636950       SFR                               1     NOO       REFI                  Y                              7.99                 7.99              256000             255999.06               1/1/2007             12/1/2036                  1704.53      360      80     FL                   2/1/2007        N                 320000                   1          3            1704.53                                                                               34112          12/21/2006              2      PA1602EI_ARM-INTONLY                             0                 0                                 0      80                        659           42.02     3YR                                        12/1/2008            6           3           1            7.99
     1103636993       SFR                               1     OO        REFI                  N                              7.75                 7.75              181000                181000               2/1/2007              1/1/2037                  1168.96      360    78.7     FL                   2/1/2007        N                 230000                   1          3            1168.96                                                                               34235          12/29/2006             12      SA2607EI_ARM-INTONLY                             0                 0                                 0    78.7                        672               0     3YR                                         1/1/2014            6           3           1               3
     1103637039       SFR                               1     OO        REFI                  N                             6.375                6.375              320000                320000               2/1/2007              1/1/2037                     1700      360   79.41     CA                   2/1/2007        N                 403000                   1          3               1700                                                                               93720          12/29/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0   79.41                        678           34.85     NO-PREPAY                                   1/1/2012            6           3           1               3
     1103637085       CONDO                             1     NOO       PURCHASE              N                             7.375                7.375              252000                252000               1/1/2007             12/1/2036                  1548.75      360      80     CA                   2/1/2007        N                 315000                   1          3            1548.75                                                                               95835          12/22/2006              2      PA0605EI_ARM-INTONLY                             0            315000                             31500      90                        755           29.63     3YR                                        12/1/2011            6           3           1               3
     1103637118       SFR                               1     NOO       PURCHASE              N                            13.625               13.625              114000             113954.52               1/1/2007             12/1/2021                  1316.99      180      20     CA                   2/1/2007        Y                 570000                   2          0            1316.99                                                                               90039           12/8/2006              2      TB1630_BALLOON                                   0            570000                                 0      95                        656           31.19     NO-PREPAY                                                       0           0           0               0
     1103637121       SFR                               1     NOO       REFI                  N                             6.875                6.875              300750                300750               2/1/2007              1/1/2037                  1723.05      360      75     CA                   2/1/2007        N                 401000                   1          3            1723.05                                                                               95355          12/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             60150      90                        741            40.9     NO-PREPAY                                   1/1/2012            6           3           1               3
     1103637122       SFR                               1     2ND       PURCHASE              N                              6.75                 6.75              228000                228000               1/1/2007             12/1/2036                   1282.5      360      80     FL                   2/1/2007        N                 300000                   1          3             1282.5                                                                               33414          11/29/2006              1      PA1605EI_ARM-INTONLY                             0            285000                                 0      80                                      35.27     1YR                                        12/1/2011            6           3           1               3
     1103637125       CONDO                             1     NOO       PURCHASE              N                               8.5                  8.5              111000              110999.8              12/1/2006             11/1/2036                   786.25      360   79.29     FL                   2/1/2007        N                 140000                   1          5             786.25                                                                               32117          12/20/2006              8      SA2603EI_ARM-INTONLY                             0            148000                             22200   95.15                        628               0     3YR                                        11/1/2009            6           2           2               5
     1103637126       SFR                               1     OO        REFI                  Y                             6.375                6.375              350000             349935.44               1/1/2007             12/1/2036                  1859.38      360   79.55     NJ                   2/1/2007        N                 440000                   1       2.25            1859.38                                                                               07080          12/11/2006              1      XA0605DI_ARM-INTONLY                             0                 0                                 0   79.55                        753              39     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103637127       2-4FAMILY                         2     OO        PURCHASE              N                             6.625                6.625              421000                421000              12/1/2006             11/1/2036                  2324.27      360      80     NJ                   2/1/2007        N                 550000                   1          5            2324.27                                                                               07093          12/11/2006              2      PA1603EI_ARM-INTONLY                             0            526250                            105250     100                        675           45.37     NO-PREPAY                                  11/1/2009            6           2           2               5
     1103637128       2-4FAMILY                         2     OO        PURCHASE              N                             6.875                6.875              263680             263613.62              12/1/2006             11/1/2036                  1510.67      360      80     NJ                   2/1/2007        N                 340000                   1       2.75            1510.67                                                                               07304          12/20/2006              2      PA1605EI_ARM-INTONLY                             0            329600                             65920     100                        669           39.76     NO-PREPAY                                  11/1/2011            6           6           2           6.875
     1103637129       SFR                               1     OO        REFI                  Y                             6.875                6.875              284000                284000              12/1/2006             11/1/2036                  1627.08      360      80     NJ                   2/1/2007        N                 355000                   1          5            1627.08                                                                               07083          12/20/2006              8      SA2603EI_ARM-INTONLY                             0                 0                             35500      90                        677               0     NO-PREPAY                                  11/1/2009            6           2           2               5
     1103637130       2-4FAMILY                         2     OO        REFI                  Y                             6.875                6.875              388000                388000              12/1/2006             11/1/2036                  2222.92      360      80     NJ                   2/1/2007        N                 485000                   1          5            2222.92                                                                               07109          12/20/2006              8      SA0603EI_ARM-INTONLY                             0                 0                             72750      95                        681               0     NO-PREPAY                                  11/1/2009            6           2           2               5
     1103637131       2-4FAMILY                         2     OO        PURCHASE              N                             6.375                6.375              362560                362560               1/1/2007             12/1/2036                   1926.1      360      80     NJ                   2/1/2007        N                 456000                   1          5             1926.1                                                                               07002          12/11/2006              2      PA1603EI_ARM-INTONLY                             0            453200                             90640     100                        664           38.29     NO-PREPAY                                  12/1/2009            6           2           2               5
     1103637132       CONDO                             1     OO        PURCHASE              N                               6.5                  6.5              228400             227985.94               1/1/2007             12/1/2036                  1443.64      360      80     NJ                   2/1/2007        N                 286000                   1          5            1443.64                                                                               08902          12/11/2006              2      PA0603E_ARM                                      0            285500                             57100     100                        687           34.93     NO-PREPAY                                  12/1/2009            6           2           2               5
     1103637133       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              200000                200000               1/1/2007             12/1/2036                  1041.67      360   71.43     NY                   2/1/2007        N                 290000                   1          5            1041.67                                                                               12590          12/11/2006              2      PA0603EI_ARM-INTONLY                             0            280000                                 0   71.43                        686            27.8     NO-PREPAY                                  12/1/2009            6           2           2               5
     1103637134       2-4FAMILY                         2     OO        PURCHASE              N                             6.625                6.625              324000                324000               1/1/2007             12/1/2036                  1788.75      360      80     NJ                   2/1/2007        N                 410000                   1          5            1788.75                                                                               07103          12/20/2006              2      PA0603EI_ARM-INTONLY                             0            405000                             81000     100                        689           41.25     NO-PREPAY                                  12/1/2009            6           2           2               5
     1103637136       SFR                               1     OO        PURCHASE              N                             6.625                6.625              220000                220000               1/1/2007             12/1/2036                  1214.58      360   68.75     PA                   2/1/2007        N                 322000                   1       2.25            1214.58                                                                               18707          12/11/2006              2      PA0605EI_ARM-INTONLY                             0            320000                                 0   68.75                        780           39.34     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103637138       CONDO                             1     2ND       PURCHASE              N                             6.625                6.625              150400                150400               1/1/2007             12/1/2036                   830.33      360   48.93     NV                   2/1/2007        N                 384000                   1       2.25             830.33                                                                               89123          12/20/2006             17      XA0605DI_ARM-INTONLY                             0            307405                                 0   48.93                        686           41.04     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103637140       SFR                               1     OO        REFI                  Y                               6.5                  6.5              561000             558970.29              12/1/2006             11/1/2036                   3545.9      360   75.82     TX                   2/1/2007        N                 740000                   1          5             3545.9                                                                               75056          12/11/2006              2      PA0603E_ARM                                      0                 0                                 0   75.82                        715           17.71     NO-PREPAY                                  11/1/2009            6           2           2               5
     1103637141       SFR                               1     OO        PURCHASE              N                              5.25                 5.25              611200                611200              12/1/2006             11/1/2036                     2674      360      80     WA                   2/1/2007        N                 765000                   1       2.25               2674                                                                               98110          12/11/2006              1      XA0603DI_ARM-INTONLY                             0            764000                                 0      80                        729           45.56     NO-PREPAY                                  11/1/2009            6           2           2            2.25
     1103637142       CONDO                             1     OO        REFI                  Y                               6.5                  6.5              244000                244000               1/1/2007             12/1/2036                  1321.67      360      80     CA                   2/1/2007        N                 305000                   1       2.25            1321.67                                                                               95127          12/11/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0      80                        715           31.34     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103637143       SFR                               1     OO        REFI                  Y                               6.5                  6.5              264000                264000              12/1/2006             11/1/2036                     1430      360      80     CA                   2/1/2007        N                 330000                   1       2.25               1430                                                                               95351          12/20/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             33000      90                        670           39.71     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103637144       SFR                               1     OO        REFI                  Y                             6.625                6.625              498400                498400               1/1/2007             12/1/2036                  2751.58      360   77.88     CA                   2/1/2007        N                 640000                   1       2.25            2751.58                                                                               95757          12/11/2006              8      SA2605EI_ARM-INTONLY                             0                 0                                 0   77.88                        640               0     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103637146       SFR                               1     OO        REFI                  Y                              6.25                 6.25              280000                280000               1/1/2007             12/1/2036                  1458.33      360   79.33     WA                   2/1/2007        N                 353000                   1       2.25            1458.33                                                                               98021          12/20/2006              1      XA0610DI_ARM-INTONLY                             0                 0                                 0   79.33                        746           44.31     NO-PREPAY                                  12/1/2016            5           5           2            2.25
     1103637148       SFR                               1     NOO       PURCHASE              N                                 7                    7              597000                597000               1/1/2007             12/1/2036                   3482.5      360   74.63     CA                   2/1/2007        N                 800000                   1          4             3482.5                                                                               90066          12/26/2006              2      PA0605EI_ARM-INTONLY                             0            800000                                 0   74.63                        704           33.77     NO-PREPAY                                  12/1/2011            6           3           1               4
     1103637150       SFR                               1     OO        PURCHASE              N                             6.875                6.875              188000                188000              12/1/2006             11/1/2036                  1077.08      360      80     WA                   2/1/2007        N                 238100                   1        3.5            1077.08                                                                               98513          12/14/2006              8      XA0605DI_ARM-INTONLY                             0            235000                             47000     100                        699               0     3YR                                        11/1/2011            5           5           2           6.875
     1103637151       2-4FAMILY                         2     NOO       PURCHASE              N                             6.875                6.875              284000             282865.74              12/1/2006             11/1/2036                  1627.08      360      80     OR                   2/1/2007        N                 357000                   1        3.5            1627.08                                                                               97756          12/14/2006              1      XA0605DI_ARM-INTONLY                             0            355000                                 0      80                        788           30.99     NO-PREPAY                                  11/1/2011            5           5           2             3.5
     1103637152       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              276000              275999.5              12/1/2006             11/1/2036                   1552.5      360      80     NV                   2/1/2007        N                 350000                   1        3.5             1552.5                                                                               89431          12/14/2006             17      XA0605DI_ARM-INTONLY                             0            345000                             69000     100                        719           43.59     3YR                                        11/1/2011            5           5           2            6.75
     1103637153       HI-RISE                           1     OO        REFI                  Y                             5.875                5.875              695000             692863.82              12/1/2006             11/1/2036                  4111.19      360   58.65     FL                   2/1/2007        N                1185000                   1       2.25            4111.19                                                                               33432          12/14/2006              1      XA0605D_ARM                                      0                 0                                 0   58.65                        723           40.61     3YR                                        11/1/2011            5           5           2            2.25
     1103637154       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              321600                321600               1/1/2007             12/1/2036                     1675      360      80     CA                   2/1/2007        N                 408000                   1       2.25               1675                                                                               93312          12/14/2006              8      XA1605DI_ARM-INTONLY                             0            402000                             20100      85                        668               0     3YR                                        12/1/2011            5           5           2            2.25
     1103637155       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              292000                292000              12/1/2006             11/1/2036                  1581.67      360   78.86     TX                   2/1/2007        N                 390000                   1        3.5            1581.67                                                                               75035          12/14/2006              2      XA0605DI_ARM-INTONLY                             0            370276                             54750   93.65                        685           40.94     1YR                                        11/1/2011            5           5           2             6.5
     1103637156       SFR                               1     OO        PURCHASE              N                              7.75                 7.75              257000                256980               1/1/2007             12/1/2036                  1659.79      360      80     FL                   2/1/2007        N                 350120                   1        3.5            1659.79                                                                               34787          12/14/2006              2      XA1605DI_ARM-INTONLY                             0            321265                             64250     100                        672           41.39     NO-PREPAY                                  12/1/2011            5           5           2            7.75
     1103637158       SFR                               1     OO        PURCHASE              N                             6.875                6.875              366500                366500              12/1/2006             11/1/2036                  2099.74      360      80     TX                   2/1/2007        N                 458500                   1        3.5            2099.74                                                                               75039          12/14/2006              2      XA0605DI_ARM-INTONLY                             0            458148                             91648     100                        707           30.72     1YR                                        11/1/2011            5           5           2           6.875
     1103637159       SFR                               1     OO        REFI                  Y                             7.375                7.375              332500             331736.32              12/1/2006             11/1/2036                  2296.49      360      70     CA                   2/1/2007        N                 475000                   1        3.5            2296.49                                                                               90047          12/14/2006              2      XA3605D_ARM                                      0                 0                                 0      70                        617           44.57     3YR                                        11/1/2011            5           5           2             3.5
     1103637160       SFR                               1     OO        PURCHASE              N                             7.375                7.375              175200             174755.16              12/1/2006             11/1/2036                  1076.75      360      80     KS                   2/1/2007        N                 230000                   1        3.5            1076.75                                                                               66210          12/14/2006              2      XA1605DI_ARM-INTONLY                             0            219000                             43800     100                        692           30.88     NO-PREPAY                                  11/1/2011            5           5           2           7.375
     1103637161       SFR                               1     OO        REFI                  Y                             7.375                7.375              245000             244437.29              12/1/2006             11/1/2036                  1692.15      360   69.02     NV                   2/1/2007        N                 355000                   1        3.5            1692.15                                                                               89117          12/14/2006             12      XA2605D_ARM                                      0                 0                                 0   69.02                        626               0     3YR                                        11/1/2011            5           5           2             3.5
     1103637163       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              134900             134549.59              12/1/2006             11/1/2036                   874.96      360   51.91     NM                   2/1/2007        N                 260000                   1        3.5             874.96                                                                               87114          12/14/2006             12      XA0605D_ARM                                      0            259900                                 0   51.91                        768               0     NO-PREPAY                                  11/1/2011            5           5           2             3.5
     1103637165       SFR                               1     OO        PURCHASE              N                             6.875                6.875              620000                620000              12/1/2006             11/1/2036                  3552.08      360      80     CA                   2/1/2007        N                 784000                   1        3.5            3552.08                                                                               92886          12/14/2006              2      XA0605DI_ARM-INTONLY                             0            775000                             77500      90                        727           48.18     1YR                                        11/1/2011            5           5           2           6.875
     1103637167       HI-RISE                           1     2ND       PURCHASE              N                                 7                    7              224350             223795.05              12/1/2006             11/1/2036                  1492.61      360   37.01     NV                   2/1/2007        N                 960000                   1       2.25            1492.61                                                                               89109          12/14/2006             17      XA0607D_ARM                                      0            606250                                 0   37.01                        733           34.65     NO-PREPAY                                  11/1/2013            5           5           2            2.25
     1103637168       SFR                               1     OO        REFI                  Y                             6.375                6.375              546000                546000              12/1/2006             11/1/2036                  2900.63      360      70     CA                   2/1/2007        N                 780000                   1       2.25            2900.63                                                                               91344          12/14/2006              2      XA0607DI_ARM-INTONLY                             0                 0                                 0      70                        717           41.13     NO-PREPAY                                  11/1/2013            5           5           2           6.375
     1103637169       SFR                               1     NOO       REFI                  Y                               6.5                  6.5              270000             269263.79              12/1/2006             11/1/2036                  1706.58      360   45.38     FL                   2/1/2007        N                 595000                   1        3.5            1706.58                                                                               33332          12/14/2006              2      XA1605D_ARM                                      0                 0                                 0   45.38                        679           36.32     2YR                                        11/1/2011            5           5           2             3.5
     1103637170       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              385600                385600               1/1/2007             12/1/2036                     2169      360      80     CA                   2/1/2007        N                 483000                   1        3.5               2169                                                                               90606          12/14/2006              2      XA1605DI_ARM-INTONLY                             0            482000                             96400     100                        655           38.63     3YR                                        12/1/2011            5           5           2            6.75
     1103637171       PUD                               1     OO        PURCHASE              N                                 6                    6              130000             129609.79              12/1/2006             11/1/2036                   779.42      360   34.22     AZ                   2/1/2007        N                 380000                   1       2.25             779.42                                                                               85260          12/21/2006             17      XA0605D_ARM                                      0            380000                                 0   34.22                        749           12.28     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103637172       SFR                               1     2ND       PURCHASE              N                             6.375                6.375              302400                302400              12/1/2006             11/1/2036                   1606.5      360      80     UT                   2/1/2007        N                 390000                   1        3.5             1606.5                                                                               84092          12/14/2006              2      XA0605DI_ARM-INTONLY                             0            378000                             56700      95                        688           41.43     3YR                                        11/1/2011            5           5           2           6.375
     1103637173       SFR                               1     OO        REFI                  Y                             6.375                6.375              235000                235000              12/1/2006             11/1/2036                  1248.44      360   48.46     CA                   2/1/2007        N                 485000                   1        3.5            1248.44                                                                               92570          12/14/2006              2      XA1605DI_ARM-INTONLY                             0                 0                             18236   52.22                        662           36.97     3YR                                        11/1/2011            5           5           2             3.5
     1103637174       SFR                               1     OO        REFI                  Y                                 7                    7              450000                450000               1/1/2007             12/1/2036                     2625      360    76.8     CA                   2/1/2007        N                 586000                   1       2.25               2625                                                                               91324          12/14/2006             17      XA0605DI_ARM-INTONLY                             0                 0                                 0    76.8                        690            42.9     3YR                                        12/1/2011            5           5           2               7
     1103637175       2-4FAMILY                         2     NOO       REFI                  Y                             6.875                6.875              498750                498750               1/1/2007             12/1/2036                  2857.42      360      75     CA                   2/1/2007        N                 665000                   1        3.5            2857.42                                                                               90602          12/14/2006              8      XA0605DI_ARM-INTONLY                             0                 0                                 0      75                        693               0     NO-PREPAY                                  12/1/2011            5           5           2           6.875
     1103637176       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              344000                344000               1/1/2007             12/1/2036                  1863.33      360      80     CA                   2/1/2007        N                 435000                   1       2.25            1863.33                                                                               91706          12/14/2006              2      XA1605DI_ARM-INTONLY                             0            430000                             86000     100                        652           39.02     3YR                                        12/1/2011            5           5           2            2.25
     1103637179       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              425600                425600               1/1/2007             12/1/2036                  2305.33      360      80     CA                   2/1/2007        N                 548000                   1          3            2305.33                                                                               92562           12/8/2006              8      SA0605EI_ARM-INTONLY                             0            532000                             53200      90                        716               0     1YR                                        12/1/2011            6           3           1               3
     1103637182       SFR                               1     OO        PURCHASE              N                             7.625                7.625              172000             171750.23               1/1/2007             12/1/2036                  1217.41      360      80     ID                   2/1/2007        N                 215000                   1          0            1217.41                                                                               83404          12/14/2006              1      PF1630_FIXEDRATE                                 0            215000                             32250      95                        668           40.21     1YR                                                             0           0           0               0
     1103637183       SFR                               1     NOO       PURCHASE              N                             7.875                7.875               90000                 90000              12/1/2006             11/1/2036                   590.63      360      80     WA                   2/1/2007        N                 118000                   1          0             590.63                                                                               99350          12/14/2006              1      PF0630I_FIX-INTONLY                              0            112500                                 0      80                        697           40.68     1YR                                                             0           0           0               0
     1103637184       SFR                               1     OO        REFI                  Y                             5.875                5.875              156000                155313               1/1/2007             12/1/2026                  1106.41      240   44.83     CA                   2/1/2007        N                 348000                   1          0            1106.41                                                                               95758          12/14/2006              1      PF0620_FIXEDRATE                                 0                 0                                 0   44.83                        798           28.04     NO-PREPAY                                                       0           0           0               0
     1103637185       SFR                               1     OO        PURCHASE              N                             6.875                6.875              367200             366269.22              12/1/2006             11/1/2036                  2412.24      360      80     CA                   2/1/2007        N                 469000                   1          0            2412.24                                                                               91790          12/21/2006              2      PF0630_FIXEDRATE                                 0            459000                             68850      95                        682           42.64     3YR                                                             0           0           0               0
     1103637186       SFR                               1     2ND       PURCHASE              N                               7.5                  7.5              123000             122816.87               1/1/2007             12/1/2036                   860.03      360    71.1     TN                   2/1/2007        N                 177000                   1          0             860.03                                                                               37763          12/14/2006              2      PF0630_FIXEDRATE                                 0            173000                                 0    71.1                        686            44.5     NO-PREPAY                                                       0           0           0               0
     1103637187       SFR                               1     NOO       PURCHASE              N                             7.625                7.625               76950              76581.21              12/1/2006             11/1/2036                   544.65      360   69.96     TX                   2/1/2007        N                 113500                   1          0             544.65                                                                               75236          12/14/2006              2      PF0630_FIXEDRATE                                 0            109995                                 0   69.96                        686           38.24     NO-PREPAY                                                       0           0           0               0
     1103637188       CONDO                             1     2ND       PURCHASE              N                             6.625                6.625              500000                500000              12/1/2006             11/1/2036                  2760.42      360   60.61     ID                   2/1/2007        N                 835000                   1          0            2760.42                                                                               83353          12/21/2006              1      PF0630I_FIX-INTONLY                              0            825000                                 0   60.61                        764           38.45     NO-PREPAY                                                       0           0           0               0
     1103637189       SFR                               1     NOO       REFI                  N                             6.875                6.875              189000                189000              12/1/2006             11/1/2036                  1082.81      360   79.42     AZ                   2/1/2007        N                 238000                   1          0            1082.81                                                                               85212          12/21/2006              1      PF0630I_FIX-INTONLY                              0                 0                                 0   79.42                        740           32.67     NO-PREPAY                                                       0           0           0               0
     1103637190       CONDO                             1     OO        REFI                  Y                                 6                    6              558300             557185.64               1/1/2007             12/1/2036                  3347.29      360   65.69     CA                   2/1/2007        N                 850000                   1          0            3347.29                                                                               90272          12/14/2006             17      PF0630_FIXEDRATE                                 0                 0                                 0   65.69                        784           40.57     NO-PREPAY                                                       0           0           0               0
     1103637191       SFR                               1     2ND       REFI                  N                             6.875                6.875              720900                720900              12/1/2006             11/1/2036                  4130.16      360   55.46     UT                   2/1/2007        N                1300000                   1          0            4130.16                                                                               84060          12/14/2006             17      PF0630I_FIX-INTONLY                              0                 0                                 0   55.46                        768           27.64     NO-PREPAY                                                       0           0           0               0
     1103637192       SFR                               1     OO        REFI                  Y                              7.25                 7.25              312000                312000              12/1/2006             11/1/2036                     1885      360    76.1     CA                   2/1/2007        N                 410000                   1          0               1885                                                                               92336          12/14/2006              2      PF1630I_FIX-INTONLY                              0                 0                             39000   85.61                        663           39.76     3YR                                                             0           0           0               0
     1103637193       SFR                               1     OO        REFI                  Y                             6.125                6.125              150000             149560.38              12/1/2006             11/1/2036                   911.42      360   66.08     AZ                   2/1/2007        N                 227000                   1          0             911.42                                                                               85042          12/21/2006             17      PF0630_FIXEDRATE                                 0                 0                                 0   66.08                        798           23.57     NO-PREPAY                                                       0           0           0               0
     1103637195       SFR                               1     2ND       PURCHASE              N                             6.375                6.375              160000             159702.83               1/1/2007             12/1/2036                   998.19      360   44.45     ID                   2/1/2007        N                 360000                   1          0             998.19                                                                               83854          12/14/2006             17      PF0630_FIXEDRATE                                 0            360000                                 0   44.45                        799           42.81     NO-PREPAY                                                       0           0           0               0
     1103637197       SFR                               1     OO        REFI                  Y                             8.125                8.125              135000             134733.27              12/1/2006             11/1/2036                  1002.37      360      36     CA                   2/1/2007        N                 375000                   1          0            1002.37                                                                               90221          12/14/2006             17      PF3630_FIXEDRATE                                 0                 0                                 0      36                        608            39.9     5YR                                                             0           0           0               0
     1103637198       SFR                               1     2ND       PURCHASE              N                             6.375                6.375              468000             467130.78               1/1/2007             12/1/2036                  2919.71      360      80     CA                   2/1/2007        N                 600000                   1          0            2919.71                                                                               92270          12/14/2006             17      PF0630_FIXEDRATE                                 0            585000                                 0      80                        786           38.71     NO-PREPAY                                                       0           0           0               0
     1103637199       SFR                               1     OO        REFI                  Y                             7.125                7.125              200000             199679.17               1/1/2007             12/1/2036                  1347.44      360   79.37     CA                   2/1/2007        N                 252000                   1          0            1347.44                                                                               92220          12/14/2006              2      PF1630_FIXEDRATE                                 0                 0                                 0   79.37                        645           44.87     NO-PREPAY                                                       0           0           0               0
     1103637200       SFR                               1     2ND       PURCHASE              N                                 8                    8              135600             135599.31               1/1/2007             12/1/2036                      904      360      80     SC                   2/1/2007        N                 169900                   1          0                904                                                                               29605          12/21/2006              8      SF2630I_FIX-INTONLY                              0            169500                                 0      80                        656               0     NO-PREPAY                                                       0           0           0               0
     1103637201       CONDO                             1     NOO       REFI                  Y                             7.625                7.625              204000             203703.76               1/1/2007             12/1/2036                   1443.9      360   71.58     CA                   2/1/2007        N                 285000                   1          0             1443.9                                                                               91765          12/21/2006              2      PF2630_FIXEDRATE                                 0                 0                                 0   71.58                        632           11.35     3YR                                                             0           0           0               0
     1103637202       SFR                               1     NOO       REFI                  Y                             6.375                6.375               85000              84662.55              12/1/2006             11/1/2036                   530.29      360   40.48     CA                   2/1/2007        N                 210000                   1          0             530.29                                                                               93706          12/14/2006             12      SF0630_FIXEDRATE                                 0                 0                                 0   40.48                        768               0     3YR                                                             0           0           0               0
     1103637203       SFR                               1     OO        REFI                  Y                             6.375                6.375              179500             178998.57              12/1/2006             11/1/2036                  1119.85      360   63.43     CA                   2/1/2007        N                 283000                   1          0            1119.85                                                                               93535          12/14/2006             17      PF0630_FIXEDRATE                                 0                 0                                 0   63.43                        738           25.84     NO-PREPAY                                                       0           0           0               0
     1103637204       SFR                               1     NOO       PURCHASE              N                              7.25                 7.25              188000             187557.37              12/1/2006             11/1/2036                  1282.49      360   69.97     UT                   2/1/2007        N                 270000                   1          0            1282.49                                                                               84128          12/14/2006              2      PF0630_FIXEDRATE                                 0            268688                             53700   89.96                        794           32.03     NO-PREPAY                                                       0           0           0               0
     1103637205       SFR                               1     OO        REFI                  Y                               6.5                  6.5              632000                632000              12/1/2006             11/1/2036                  3423.33      360   62.27     CA                   2/1/2007        N                1015000                   1          0            3423.33                                                                               91381          12/14/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   62.27                        762           42.39     NO-PREPAY                                                       0           0           0               0
     1103637206       SFR                               1     NOO       REFI                  Y                              7.25                 7.25              147000             146769.95               1/1/2007             12/1/2036                   1002.8      360   57.65     FL                   2/1/2007        N                 255000                   1          0             1002.8                                                                               33993          12/14/2006              2      PF0630_FIXEDRATE                                 0                 0                             31493      70                        692           41.19     3YR                                                             0           0           0               0
     1103637212       SFR                               1     OO        REFI                  Y                             6.375                6.375              280000                280000               2/1/2007              1/1/2037                   1487.5      360      70     CA                   2/1/2007        N                 400000                   1       3.25             1487.5                                                                               93614          12/22/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0      70                        691           33.52     2YR                                         1/1/2012            6           3           1           6.375
     1103637219       2-4FAMILY                         2     NOO       REFI                  Y                              7.25                 7.25              182000             181935.38               2/1/2007              1/1/2037                   1164.2      360      70     FL                   2/1/2007        Y                 260000                   1          0             1164.2                                                                               33161            1/5/2007              2      PB1640_BALLOON                                   0                 0                                 0      70                        669           43.61     2YR                                                             0           0           0               0
     1103637240       SFR                               1     NOO       REFI                  Y                              7.25                 7.25              168000             167940.35               2/1/2007              1/1/2037                  1074.65      360      70     FL                   2/1/2007        Y                 240000                   1          0            1074.65                                                                               33167            1/9/2007              2      PB1640_BALLOON                                   0                 0                                 0      70                        669           50.18     2YR                                                             0           0           0               0
     1103637252       SFR                               1     OO        PURCHASE              N                             7.615                7.615              382400                382400               2/1/2007              1/1/2037                  2426.65      360      80     CA                   2/1/2007        N                 510000                   1       2.75            2426.65                                                                               92054            1/2/2007              2      PA1605EI_ARM-INTONLY                             0            478000                             95600     100                        654           46.75     3YR                                         1/1/2012            6           3           1            2.75
     1103637259       PUD                               1     NOO       PURCHASE              N                              8.85                 8.85              205200              204732.3              11/1/2006             10/1/2036                  1628.99      360      80     NV                   2/1/2007        N                 275000                   1       3.25            1628.99                                                                               89081          12/15/2006              2      PA1603E_ARM                                      0            256500                             25650      90                        663           17.82     NO-PREPAY                                  10/1/2009            6           2           2            3.25
     1103637260       SFR                               1     OO        PURCHASE              N                             6.775                6.775              372000                372000              11/1/2006             10/1/2036                  2100.25      360      80     CA                   2/1/2007        N                 465000                   1       3.25            2100.25                                                                               90805          12/15/2006              2      PA0602EI_ARM-INTONLY                             0            465000                             93000     100                        753           42.82     2YR                                        10/1/2008            6           2           2            3.25
     1103637265       2-4FAMILY                         3     NOO       PURCHASE              N                               8.9                  8.9              306000                306000               9/1/2006              8/1/2036                   2269.5      360      80     CA                   2/1/2007        N                 385000                   1       3.25             2269.5                                                                               95207          12/15/2006              2      PA0603EI_ARM-INTONLY                             0            382500                             57375      95                        735           29.82     1YR                                         8/1/2009            6           2           2            3.25
     1103637268       SFR                               1     NOO       PURCHASE              N                              8.75                 8.75              268426                268426              11/1/2006             10/1/2036                  1957.27      360      80     CA                   2/1/2007        N                 349000                   1       3.25            1957.27                                                                               92394          12/15/2006              2      PA0603EI_ARM-INTONLY                             0            335532                             52330    95.6                        769           27.91     NO-PREPAY                                  10/1/2009            6           2           2            3.25
     1103637269       SFR                               1     OO        PURCHASE              N                             6.475                6.475              311800             311729.21              10/1/2006              9/1/2036                  1682.42      360      80     CA                   2/1/2007        N                 390000                   1       3.25            1682.42                                                                               92236          12/15/2006              2      PA1603EI_ARM-INTONLY                             0            389789                             77950   99.99                        658           41.98     3YR                                         9/1/2009            6           2           2            3.25
     1103637270       PUD                               1     OO        REFI                  N                               7.6                  7.6              329600                329600              12/1/2006             11/1/2036                  2087.47      360      80     CA                   2/1/2007        N                 412000                   1       3.25            2087.47                                                                               92026          12/15/2006              2      PA0603EI_ARM-INTONLY                             0                 0                             61800      95                        685           43.76     1YR                                        11/1/2009            6           2           2            3.25
     1103637271       SFR                               1     OO        PURCHASE              N                              7.45                 7.45              281800                281800              11/1/2006             10/1/2036                  1749.51      360      80     CA                   2/1/2007        N                 353000                   1       3.25            1749.51                                                                               92394          12/17/2006              8      SA2603EI_ARM-INTONLY                             0            352251                             52800   94.99                        656               0     3YR                                        10/1/2009            6           2           2            3.25
     1103637273       PUD                               1     OO        PURCHASE              N                               7.1                  7.1              317650             316796.98              12/1/2006             11/1/2036                  1879.43      360      80     CA                   2/1/2007        N                 400000                   1       3.25            1879.43                                                                               92543          12/15/2006              8      SA0603EI_ARM-INTONLY                             0            397102                             79400   99.99                        697               0     3YR                                        11/1/2009            6           2           2            3.25
     1103637274       SFR                               1     OO        PURCHASE              N                              7.75                 7.75              125600             125332.34              12/1/2006             11/1/2036                   899.81      360      80     IL                   2/1/2007        N                 157000                   1       3.25             899.81                                                                               60505          12/15/2006              2      PA1603E_ARM                                      0            157000                             31400     100                        643            41.8     NO-PREPAY                                  11/1/2009            6           2           2            3.25
     1103637282       SFR                               1     OO        PURCHASE              N                              12.5                 12.5               59000              58969.65               1/1/2007             12/1/2021                   629.68      180      20     CA                   2/1/2007        Y                 315000                   2          0             629.68                                                                               92223          11/28/2006              2      TB1630_BALLOON                                   0            295000                                 0     100                        653           46.62     2YR                                                             0           0           0               0
     1103637292       SFR                               1     OO        REFI                  N                             5.875                5.875              550000             543225.56               1/1/2007             12/1/2016                  6071.66      120   36.67     NY                   2/1/2007        N                1500000                   1          0            6071.66                                                                               11204          12/21/2006              2      BF1610_FIXEDRATE                                 0                 0                                 0   36.67                        730           24.98     NO-PREPAY                                                       0           0           0               0
     1103637293       SFR                               1     OO        PURCHASE              N                                 7                    7              144000             143581.83              12/1/2006             11/1/2036                   958.04      360     100     MI                   2/1/2007        N                 165000                   1          0             958.04                                                                               49010          12/21/2006              1      PF0430_FIXEDRATE                                35            144000                                 0     100                        775          40.746     NO-PREPAY                                                       0           0           0               0
     1103637294       SFR                               1     OO        PURCHASE              N                             8.125                8.125              101500             101270.02              12/1/2006             11/1/2036                   753.63      360     100     MO                   2/1/2007        N                 102000                   1          0             753.63                                                                               65068          12/21/2006              2      PF0430_FIXEDRATE                                35            101500                                 0     100                        754           41.69     NO-PREPAY                                                       0           0           0               0
     1103637295       SFR                               1     OO        PURCHASE              N                              7.25                 7.25              150000             149765.27               1/1/2007             12/1/2036                  1023.26      360     100     UT                   2/1/2007        N                 155000                   1          0            1023.26                                                                               84104          12/21/2006              2      PF0430_FIXEDRATE                                 0            150000                                 0     100                        727          30.289     NO-PREPAY                                                       0           0           0               0
     1103637296       SFR                               1     OO        PURCHASE              N                             7.875                7.875               75000              74844.15              12/1/2006             11/1/2036                    543.8      360     100     TN                   2/1/2007        N                  77000                   1          0              543.8                                                                               37716          12/21/2006              1      PF0430_FIXEDRATE                                35             75000                                 0     100                        763          15.324     NO-PREPAY                                                       0           0           0               0
     1103637297       PUD                               1     OO        PURCHASE              N                             7.625                7.625              285000                285000               1/1/2007             12/1/2036                  1810.94      360     100     AZ                   2/1/2007        N                 285000                   1          0            1810.94                                                                               85715          12/21/2006              2      PF0430I_FIX-INTONLY                              0            285000                                 0     100                        811           49.36     NO-PREPAY                                                       0           0           0               0
     1103637298       PUD                               1     OO        PURCHASE              N                             7.125                7.125              135990             135988.55              12/1/2006             11/1/2036                   807.43      360     100     SC                   2/1/2007        N                 163000                   1          0             807.43                                                                               29577          12/21/2006              1      PF0430I_FIX-INTONLY                             35            135990                                 0     100                        753          39.269     NO-PREPAY                                                       0           0           0               0
     1103637299       SFR                               1     OO        REFI                  Y                             5.875                5.875              584000             577543.69              12/1/2006             11/1/2021                  4888.77      180      80     KY                   2/1/2007        N                 730000                   1          0            4888.77                                                                               42701          12/21/2006              1      PF0615_FIXEDRATE                                 0                 0                                 0      80                        749          40.929     NO-PREPAY                                                       0           0           0               0
     1103637301       PUD                               1     OO        PURCHASE              N                              6.25                 6.25              248000             245482.71              12/1/2006             11/1/2021                  2126.41      180      80     NV                   2/1/2007        N                 350000                   1          0            2126.41                                                                               89134          12/21/2006              2      PF0615_FIXEDRATE                                 0            310000                             31000      90                        784           23.82     NO-PREPAY                                                       0           0           0               0
     1103637303       CONDO                             1     OO        PURCHASE              N                              6.25                 6.25              523200             519668.75               1/1/2007             12/1/2021                  4486.04      180      80     IL                   2/1/2007        N                 675000                   1          0            4486.04                                                                               60201          12/21/2006              2      PF0615_FIXEDRATE                                 0            654028                                 0      80                        806          35.271     NO-PREPAY                                                       0           0           0               0
     1103637304       SFR                               1     OO        REFI                  Y                                 6                    6              584000             577945.47              12/1/2006             11/1/2021                  4928.12      180      80     CA                   2/1/2007        N                 730000                   1          0            4928.12                                                                               91765          12/21/2006              2      PF0615_FIXEDRATE                                 0                 0                                 0      80                        760           29.96     NO-PREPAY                                                       0           0           0               0
     1103637305       PUD                               1     OO        PURCHASE              N                             6.375                6.375              335147             331781.06              12/1/2006             11/1/2021                  2896.51      180      80     GA                   2/1/2007        N                 425000                   1          0            2896.51                                                                               30019          12/21/2006              2      PF0615_FIXEDRATE                                 0            418934                             41893      90                        685           43.47     NO-PREPAY                                                       0           0           0               0
     1103637306       SFR                               1     OO        REFI                  Y                             5.875                5.875              147500             145867.98              12/1/2006             11/1/2021                  1234.75      180   76.83     IL                   2/1/2007        N                 192000                   1          0            1234.75                                                                               60406          12/21/2006              1      PF0615_FIXEDRATE                                 0                 0                                 0   76.83                        755           34.14     NO-PREPAY                                                       0           0           0               0
     1103637307       PUD                               1     OO        REFI                  N                             6.875                6.875             1415767            1402143.01              12/1/2006             11/1/2021                 12626.58      180   72.61     TX                   2/1/2007        N                1950000                   1          0           12626.58                                                                               77356          12/21/2006              1      PF0615_FIXEDRATE                                 0                 0                                 0   72.61                        758          29.585     NO-PREPAY                                                       0           0           0               0
     1103637308       PUD                               1     OO        REFI                  Y                              6.25                 6.25              440000             435533.84              12/1/2006             11/1/2021                  3772.66      180   73.34     AZ                   2/1/2007        N                 600000                   1          0            3772.66                                                                               85749          12/21/2006              1      PF0615_FIXEDRATE                                 0                 0                                 0   73.34                        722          43.546     NO-PREPAY                                                       0           0           0               0
     1103637310       PUD                               1     OO        REFI                  N                              6.25                 6.25              950000             940357.14              12/1/2006             11/1/2021                  8145.52      180   67.38     CA                   2/1/2007        N                1410000                   1          0            8145.52                                                                               92120          12/21/2006              2      PF0615_FIXEDRATE                                 0                 0                                 0   67.38                        800          37.246     NO-PREPAY                                                       0           0           0               0
     1103637311       SFR                               1     OO        REFI                  Y                             6.375                6.375              400000             394629.39              11/1/2006             10/1/2021                     3457      180   61.54     OR                   2/1/2007        N                 650000                   1          0               3457                                                                               97055          12/21/2006              1      PF0615_FIXEDRATE                                 0                 0                             96774   76.43                        765            41.3     NO-PREPAY                                                       0           0           0               0
     1103637312       PUD                               1     OO        REFI                  N                             6.375                6.375              960000             950358.56              12/1/2006             11/1/2021                   8296.8      180      60     CA                   2/1/2007        N                1600000                   1          0             8296.8                                                                               92130          12/21/2006              2      PF0615_FIXEDRATE                                 0                 0                                 0      60                        727          38.591     NO-PREPAY                                                       0           0           0               0
     1103637313       SFR                               1     OO        PURCHASE              N                             7.125                7.125             1600000             784233.75               1/1/2007             12/1/2021                  14493.3      180   57.15     MD                   2/1/2007        N                2947000                   1          0            14493.3                                                                               21601          12/21/2006              2      PF0615_FIXEDRATE                                 0           2800000                                 0   57.15                        799          30.654     NO-PREPAY                                                       0           0           0               0
     1103637314       PUD                               1     OO        REFI                  Y                             5.875                5.875              445000             440337.65              12/1/2006             11/1/2021                  3725.18      180   49.45     CO                   2/1/2007        N                 900000                   1          0            3725.18                                                                               80401          12/21/2006              1      PF0615_FIXEDRATE                                 0                 0                                 0   49.45                        757          39.651     NO-PREPAY                                                       0           0           0               0
     1103637315       SFR                               1     OO        REFI                  N                                 6                    6              800000             791706.12              12/1/2006             11/1/2021                  6750.85      180      50     MO                   2/1/2007        N                1600000                   1          0            6750.85                                                                               65721          12/21/2006              1      PF0615_FIXEDRATE                                 0                 0                                 0      50                        784          17.694     NO-PREPAY                                                       0           0           0               0
     1103637316       SFR                               1     OO        REFI                  Y                              6.25                 6.25              500000              496625.3               1/1/2007             12/1/2021                  4287.11      180   30.31     NJ                   2/1/2007        N                1650000                   1          0            4287.11                                                                               07024          12/21/2006              2      PF0615_FIXEDRATE                                 0                 0                                 0   30.31                        759           27.89     NO-PREPAY                                                       0           0           0               0
     1103637317       SFR                               1     NOO       REFI                  Y                             5.875                5.875              115000             113795.11              12/1/2006             11/1/2021                   962.69      180   20.91     CA                   2/1/2007        N                 550000                   1          0             962.69                                                                               94541          12/21/2006              1      PF0615_FIXEDRATE                                 0                 0                                 0   20.91                        715           41.41     NO-PREPAY                                                       0           0           0               0
     1103637318       SFR                               1     OO        PURCHASE              N                             6.875                6.875              480000             474426.95              12/1/2006             11/1/2026                  3685.51      240      80     CT                   2/1/2007        N                 600000                   1          0            3685.51                                                                               06492          12/21/2006              2      PF0620_FIXEDRATE                                 0            792000                                 0      80                        812          36.667     NO-PREPAY                                                       0           0           0               0
     1103637319       SFR                               1     OO        PURCHASE              N                             6.875                6.875               75000              74809.88              12/1/2006             11/1/2036                    492.7      360   91.47     ME                   2/1/2007        N                  88500                   1          0              492.7                                                                               04739          12/21/2006              2      PF0630_FIXEDRATE                                30             82000                                 0   91.47                        737            42.3     NO-PREPAY                                                       0           0           0               0
     1103637320       SFR                               1     OO        REFI                  Y                              6.75                 6.75              187000             186514.26              12/1/2006             11/1/2036                  1212.88      360   89.05     ME                   2/1/2007        N                 210000                   1          0            1212.88                                                                               04106          12/21/2006              1      PF0630_FIXEDRATE                                25                 0                                 0   89.05                        726           40.64     NO-PREPAY                                                       0           0           0               0
     1103637321       CONDO                             1     OO        REFI                  Y                             6.125                6.125              236250             235789.59               1/1/2007             12/1/2036                  1435.48      360   88.16     WI                   2/1/2007        N                 268000                   1          0            1435.48                                                                               53142          12/21/2006              1      PF0630_FIXEDRATE                                25                 0                                 0   88.16                        775          36.865     NO-PREPAY                                                       0           0           0               0
     1103637322       PUD                               1     OO        REFI                  N                             6.875                6.875              536000             533259.16               9/1/2006              8/1/2036                  3521.14      360      80     MD                   2/1/2007        N                 670000                   1          0            3521.14                                                                               21237          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                            134000     100                        769          44.005     NO-PREPAY                                                       0           0           0               0
     1103637323       SFR                               1     OO        REFI                  N                               6.5                  6.5              519000                517545              12/1/2006             11/1/2036                  3280.43      360   79.85     IL                   2/1/2007        N                 650000                   1          0            3280.43                                                                               60422          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                             45413   86.84                        743          35.042     NO-PREPAY                                                       0           0           0               0
     1103637324       SFR                               1     OO        PURCHASE              N                             6.375                6.375              138400             138013.38              12/1/2006             11/1/2036                   863.44      360      80     OH                   2/1/2007        N                 185000                   1          0             863.44                                                                               44028          12/21/2006              1      PF0630_FIXEDRATE                                 0            173000                             34600     100                        794           28.85     NO-PREPAY                                                       0           0           0               0
     1103637325       PUD                               1     OO        PURCHASE              N                             6.375                6.375              479999             478658.17              12/1/2006             11/1/2036                  2994.57      360      80     VA                   2/1/2007        N                 618000                   1          0            2994.57                                                                               20175          12/21/2006              1      PF0630_FIXEDRATE                                 0            599999                             89999      95                        736              40     NO-PREPAY                                                       0           0           0               0
     1103637326       SFR                               1     OO        REFI                  Y                               6.5                  6.5              508000             506518.79              12/1/2006             11/1/2036                   3210.9      360      80     IL                   2/1/2007        N                 635000                   1          0             3210.9                                                                               60302          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0      80                        715          21.964     NO-PREPAY                                                       0           0           0               0
     1103637327       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              188000             187391.86              12/1/2006             11/1/2036                  1188.29      360      80     SC                   2/1/2007        N                 240000                   1          0            1188.29                                                                               29061          12/29/2006              1      PF0630_FIXEDRATE                                 0            235000                             47000     100                        794          27.365     NO-PREPAY                                                       0           0           0               0
     1103637328       SFR                               1     OO        REFI                  Y                             6.375                6.375              444800             443278.03              12/1/2006             11/1/2036                  2774.97      360      80     CA                   2/1/2007        N                 556000                   1          0            2774.97                                                                               93041          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      80                        724           30.21     NO-PREPAY                                                       0           0           0               0
     1103637329       SFR                               1     OO        REFI                  N                             6.875                6.875              528000             526661.62              12/1/2006             11/1/2036                  3468.58      360      80     FL                   2/1/2007        N                 660000                   1          0            3468.58                                                                               33176          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0      80                        743           31.97     NO-PREPAY                                                       0           0           0               0
     1103637330       PUD                               1     OO        PURCHASE              N                               6.5                  6.5              530800             529352.63              12/1/2006             11/1/2036                  3355.02      360      80     MO                   2/1/2007        N                 663500                   1          0            3355.02                                                                               63038          12/21/2006              1      PF0630_FIXEDRATE                                 0            680000                                 0      80                        815          32.949     NO-PREPAY                                                       0           0           0               0
     1103637331       SFR                               1     OO        PURCHASE              N                             6.375                6.375              464000             462703.84              12/1/2006             11/1/2036                  2894.76      360      80     MD                   2/1/2007        N                 595000                   1          0            2894.76                                                                               21157          12/21/2006              1      PF0630_FIXEDRATE                                 0            580000                             87000      95                        779            36.6     NO-PREPAY                                                       0           0           0               0
     1103637332       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              708000             706069.46              12/1/2006             11/1/2036                  4475.04      360      80     RI                   2/1/2007        N                 890000                   1          0            4475.04                                                                               02906          12/21/2006              1      PF0630_FIXEDRATE                                 0            885000                            132750      95                        796          41.717     NO-PREPAY                                                       0           0           0               0
     1103637333       PUD                               1     OO        REFI                  N                               6.5                  6.5             1000000             997272.61              12/1/2006             11/1/2036                  6320.68      360      80     AZ                   2/1/2007        N                1250000                   1          0            6320.68                                                                               86303          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                             45000    83.6                        730           35.69     NO-PREPAY                                                       0           0           0               0
     1103637334       SFR                               1     OO        REFI                  N                             6.375                6.375              823300             821000.21              12/1/2006             11/1/2036                  5136.32      360   79.94     MS                   2/1/2007        N                1030000                   1          0            5136.32                                                                               39110          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   79.94                        690           30.67     NO-PREPAY                                                       0           0           0               0
     1103637336       CONDO                             1     2ND       PURCHASE              N                                 7                    7              177400             176961.19              12/1/2006             11/1/2036                  1180.25      360   79.99     IL                   2/1/2007        N                 237000                   1          0            1180.25                                                                               60612          12/21/2006              2      PF0630_FIXEDRATE                                 0            221803                             22175   89.98                        725          38.472     NO-PREPAY                                                       0           0           0               0
     1103637337       SFR                               1     OO        REFI                  N                             6.375                6.375              570500             568906.36              12/1/2006             11/1/2036                  3559.18      360   78.69     MO                   2/1/2007        N                 725000                   1          0            3559.18                                                                               63124          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                            107250   93.49                        803          47.584     NO-PREPAY                                                       0           0           0               0
     1103637338       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              505600             504145.94              12/1/2006             11/1/2036                  3195.74      360      80     NJ                   2/1/2007        N                 665000                   1          0            3195.74                                                                               08054          12/21/2006              1      PF0630_FIXEDRATE                                 0            632000                                 0      80                        716          34.429     NO-PREPAY                                                       0           0           0               0
     1103637339       SFR                               1     2ND       REFI                  N                             6.625                6.625              480000              478722.5              12/1/2006             11/1/2036                  3073.49      360    76.8     NJ                   2/1/2007        N                 625000                   1          0            3073.49                                                                               07719          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0    76.8                        767          41.993     NO-PREPAY                                                       0           0           0               0
     1103637340       PUD                               1     OO        PURCHASE              N                               6.5                  6.5              944000             938375.35              12/1/2006             11/1/2036                  5966.72      360      80     MD                   2/1/2007        N                1250000                   1          0            5966.72                                                                               20905          12/21/2006              1      PF0630_FIXEDRATE                                 0           1180000                            118000      90                        707          37.785     NO-PREPAY                                                       0           0           0               0
     1103637341       SFR                               1     OO        REFI                  Y                             6.375                6.375              320000             319106.13              12/1/2006             11/1/2036                  1996.38      360      80     NY                   2/1/2007        N                 400000                   1          0            1996.38                                                                               11203          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                             16000      84                        721          48.896     NO-PREPAY                                                       0           0           0               0
     1103637342       SFR                               1     OO        REFI                  Y                             6.625                6.625              360000             359022.16              12/1/2006             11/1/2036                  2305.12      360      80     NV                   2/1/2007        N                 450000                   1          0            2305.12                                                                               89701          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      80                        686          44.212     NO-PREPAY                                                       0           0           0               0
     1103637343       SFR                               1     OO        REFI                  Y                             6.625                6.625              107000             106614.96              12/1/2006             11/1/2036                   685.13      360   79.86     NC                   2/1/2007        N                 134000                   1          0             685.13                                                                               28602          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   79.86                        749           24.41     NO-PREPAY                                                       0           0           0               0
     1103637344       SFR                               1     OO        REFI                  Y                               6.5                  6.5              324000             323116.53              12/1/2006             11/1/2036                   2047.9      360      80     NJ                   2/1/2007        N                 405000                   1          0             2047.9                                                                               08701          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      80                        681            34.3     NO-PREPAY                                                       0           0           0               0
     1103637345       SFR                               1     OO        REFI                  N                             6.625                6.625              508000             506647.97              12/1/2006             11/1/2036                  3252.78      360      80     CO                   2/1/2007        N                 635000                   1          0            3252.78                                                                               80027          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      80                        772          46.316     NO-PREPAY                                                       0           0           0               0
     1103637346       PUD                               1     OO        PURCHASE              N                               6.5                  6.5              512000             510160.24              12/1/2006             11/1/2036                  3236.19      360      80     CA                   2/1/2007        N                 655000                   1          0            3236.19                                                                               92503          12/21/2006              1      PF0630_FIXEDRATE                                 0            640000                             64000      90                        747           42.35     NO-PREPAY                                                       0           0           0               0
     1103637347       SFR                               1     OO        REFI                  N                              6.75                 6.75              368000             367044.13              12/1/2006             11/1/2036                  2386.84      360      80     NY                   2/1/2007        N                 460000                   1          0            2386.84                                                                               11550          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                             61000   93.27                        713           40.55     NO-PREPAY                                                       0           0           0               0
     1103637348       PUD                               1     OO        REFI                  Y                             6.625                6.625              319200             318350.47              12/1/2006             11/1/2036                  2043.87      360      80     NV                   2/1/2007        N                 399000                   1          0            2043.87                                                                               89703          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      80                        806          40.842     NO-PREPAY                                                       0           0           0               0
     1103637349       SFR                               1     OO        REFI                  N                               6.5                  6.5              455000             453759.33              12/1/2006             11/1/2036                  2875.91      360      80     MO                   2/1/2007        N                 568800                   1          0            2875.91                                                                               64836          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0      80                        760          29.732     NO-PREPAY                                                       0           0           0               0
     1103637350       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              715200             713249.83              12/1/2006             11/1/2036                  4520.55      360      80     AZ                   2/1/2007        N                 915000                   1          0            4520.55                                                                               85742          12/21/2006              1      PF0630_FIXEDRATE                                 0            894000                                 0      80                        800          44.336     NO-PREPAY                                                       0           0           0               0
     1103637351       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              150000             149610.36              12/1/2006             11/1/2036                    972.9      360      80     MI                   2/1/2007        N                 188000                   1          0              972.9                                                                               49504          12/21/2006              1      PF0630_FIXEDRATE                                 0            187500                             37500     100                        715          23.704     NO-PREPAY                                                       0           0           0               0
     1103637352       SFR                               1     OO        PURCHASE              N                             6.375                6.375              980000             977262.47              12/1/2006             11/1/2036                  6113.93      360      80     GA                   2/1/2007        N                1225000                   1          0            6113.93                                                                               30328          12/21/2006              1      PF0630_FIXEDRATE                                 0           1225000                            183750      95                        794           32.01     NO-PREPAY                                                       0           0           0               0
     1103637353       SFR                               1     OO        PURCHASE              N                             6.125                6.125             1000000             997069.27              12/1/2006             11/1/2036                  6076.11      360      80     KS                   2/1/2007        N                1250000                   1          0            6076.11                                                                               66207          12/21/2006              1      PF0630_FIXEDRATE                                 0           1250000                                 0      80                        793          27.566     NO-PREPAY                                                       0           0           0               0
     1103637354       SFR                               1     OO        REFI                  Y                              6.25                 6.25              272000             271221.71              12/1/2006             11/1/2036                  1674.75      360      80     OR                   2/1/2007        N                 340000                   1          0            1674.75                                                                               97140          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                             34000      90                        696          43.307     NO-PREPAY                                                       0           0           0               0
     1103637355       PUD                               1     OO        REFI                  N                               6.5                  6.5              586000             584402.15              12/1/2006             11/1/2036                  3703.91      360   79.95     WA                   2/1/2007        N                 733000                   1          0            3703.91                                                                               98006          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   79.95                        773          42.618     NO-PREPAY                                                       0           0           0               0
     1103637356       SFR                               1     OO        REFI                  Y                             6.625                6.625              200000             199467.41              12/1/2006             11/1/2036                  1280.62      360      80     WA                   2/1/2007        N                 250000                   1          0            1280.62                                                                               98682          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                             30000      92                        757          48.236     NO-PREPAY                                                       0           0           0               0
     1103637357       SFR                               1     OO        REFI                  Y                             6.625                6.625              300000             299201.57              12/1/2006             11/1/2036                  1920.93      360      80     OR                   2/1/2007        N                 375000                   1          0            1920.93                                                                               97504          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      80                        718           42.22     NO-PREPAY                                                       0           0           0               0
     1103637358       CONDO                             1     OO        REFI                  Y                              6.75                 6.75              190000             189506.46              12/1/2006             11/1/2036                  1232.34      360   79.17     AZ                   2/1/2007        N                 240000                   1          0            1232.34                                                                               85020          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                             30875   92.04                        709          39.415     NO-PREPAY                                                       0           0           0               0
     1103637359       SFR                               1     OO        PURCHASE              N                             6.375                6.375              520000             518547.45              12/1/2006             11/1/2036                  3244.12      360      80     CA                   2/1/2007        N                 690000                   1          0            3244.12                                                                               95014          12/21/2006              2      PF0630_FIXEDRATE                                 0            650000                                 0      80                        714          41.651     NO-PREPAY                                                       0           0           0               0
     1103637360       PUD                               1     OO        PURCHASE              N                             6.375                6.375              508000             506580.96              12/1/2006             11/1/2036                  3169.26      360      80     VA                   2/1/2007        N                 650000                   1          0            3169.26                                                                               20152          12/21/2006              2      PF0630_FIXEDRATE                                 0            635000                                 0      80                        693          42.773     NO-PREPAY                                                       0           0           0               0
     1103637361       PUD                               1     OO        PURCHASE              N                             6.875                6.875              399200             397644.54              12/1/2006             11/1/2036                  2622.46      360      80     GA                   2/1/2007        N                 500000                   1          0            2622.46                                                                               30075          12/21/2006              1      PF0630_FIXEDRATE                                 0            499000                             99800     100                        706          37.045     NO-PREPAY                                                       0           0           0               0
     1103637362       PUD                               1     OO        PURCHASE              N                              6.25                 6.25              729324             727237.15              12/1/2006             11/1/2036                  4490.57      360      80     FL                   2/1/2007        N                 927000                   1          0            4490.57                                                                               33437          12/21/2006              1      PF0630_FIXEDRATE                                 0          911655.8                                 0      80                        751          40.061     NO-PREPAY                                                       0           0           0               0
     1103637363       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              404000             403231.34               1/1/2007             12/1/2036                   2487.5      360      80     CO                   2/1/2007        N                 505000                   1          0             2487.5                                                                               80918          12/21/2006              2      PF0630_FIXEDRATE                                 0            505000                             50500      90                        723           36.64     NO-PREPAY                                                       0           0           0               0
     1103637364       CONDO                             1     OO        PURCHASE              N                               6.5                  6.5              740000             738658.44               1/1/2007             12/1/2036                   4677.3      360      80     IL                   2/1/2007        N                 925000                   1          0             4677.3                                                                               60605          12/21/2006              1      PF0630_FIXEDRATE                                 0            925000                             92500      90                        715           33.37     NO-PREPAY                                                       0           0           0               0
     1103637365       SFR                               1     OO        REFI                  Y                               6.5                  6.5              220000             219601.16               1/1/2007             12/1/2036                  1390.55      360      80     FL                   2/1/2007        N                 275000                   1          0            1390.55                                                                               34743          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      80                        700           44.69     NO-PREPAY                                                       0           0           0               0
     1103637366       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              711200             709778.62               1/1/2007             12/1/2036                  4378.98      360      80     NY                   2/1/2007        N                 900000                   1          0            4378.98                                                                               11768          12/21/2006              1      PF0630_FIXEDRATE                                 0            889000                             88900      90                        714           36.31     NO-PREPAY                                                       0           0           0               0
     1103637367       SFR                               1     OO        REFI                  Y                                 7                    7              145600             145360.61               1/1/2007             12/1/2036                   968.68      360      80     FL                   2/1/2007        N                 182000                   1          0             968.68                                                                               32712          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      80                        703          30.003     NO-PREPAY                                                       0           0           0               0
     1103637368       SFR                               1     OO        REFI                  Y                             6.375                6.375              504000             503063.92               1/1/2007             12/1/2036                   3144.3      360      80     IL                   2/1/2007        N                 630000                   1          0             3144.3                                                                               60089          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0      80                        745          42.501     NO-PREPAY                                                       0           0           0               0
     1103637370       PUD                               1     OO        PURCHASE              N                             6.375                6.375              559900             558860.08               1/1/2007             12/1/2036                  3493.05      360      80     VA                   2/1/2007        N                 703000                   1          0            3493.05                                                                               20141          12/21/2006              1      PF0630_FIXEDRATE                                 0            699900                                 0      80                        796           37.73     NO-PREPAY                                                       0           0           0               0
     1103637372       CONDO                             1     OO        PURCHASE              N                             6.625                6.625              138000             137755.81               1/1/2007             12/1/2036                   883.63      360      80     FL                   2/1/2007        N                 172500                   1          0             883.63                                                                               33322          12/21/2006              2      PF0630_FIXEDRATE                                 0            172500                                 0      80                        736          25.689     NO-PREPAY                                                       0           0           0               0
     1103637373       SFR                               1     OO        REFI                  N                                 7                    7              184000             183697.46               1/1/2007             12/1/2036                  1224.16      360      80     IL                   2/1/2007        N                 230000                   1          0            1224.16                                                                               60435          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                             23000      90                        725           39.86     NO-PREPAY                                                       0           0           0               0
     1103637374       PUD                               1     OO        REFI                  N                             6.375                6.375              508000             502073.35               1/1/2007             12/1/2036                  3169.26      360      80     FL                   2/1/2007        N                 635000                   1          0            3169.26                                                                               33912          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0      80                        685          39.095     NO-PREPAY                                                       0           0           0               0
     1103637375       SFR                               1     OO        REFI                  Y                             7.375                7.375              460000             459297.79               1/1/2007             12/1/2036                  3177.11      360      80     AZ                   2/1/2007        N                 575000                   1          0            3177.11                                                                               86004          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      80                        711          37.322     NO-PREPAY                                                       0           0           0               0
     1103637376       PUD                               1     OO        REFI                  Y                             6.625                6.625              220000              219220.3              12/1/2006             11/1/2036                  1408.68      360      80     AZ                   2/1/2007        N                 275000                   1          0            1408.68                                                                               85737          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0      80                        795           24.71     NO-PREPAY                                                       0           0           0               0
     1103637377       SFR                               1     OO        PURCHASE              N                             6.625                6.625              400000             398935.42              12/1/2006             11/1/2036                  2561.24      360      80     CA                   2/1/2007        N                 508000                   1          0            2561.24                                                                               90650          12/21/2006              1      PF0630_FIXEDRATE                                 0            500000                            100000     100                        720          41.989     NO-PREPAY                                                       0           0           0               0
     1103637378       SFR                               1     OO        PURCHASE              N                             6.375                6.375              512000             510568.13              12/1/2006             11/1/2036                  3194.21      360      80     CT                   2/1/2007        N                 640000                   1          0            3194.21                                                                               06820          12/21/2006              1      PF0630_FIXEDRATE                                 0            640000                             64000      90                        743          35.603     NO-PREPAY                                                       0           0           0               0
     1103637379       SFR                               1     OO        PURCHASE              N                             6.625                6.625               89100              88857.13              12/1/2006             11/1/2036                   570.52      360      80     KY                   2/1/2007        N                 128000                   1          0             570.52                                                                               40214          12/21/2006              1      PF0630_FIXEDRATE                                 0            111375                             22275     100                        788           32.03     NO-PREPAY                                                       0           0           0               0
     1103637380       SFR                               1     OO        PURCHASE              N                             6.375                6.375              447000             445751.36              12/1/2006             11/1/2036                   2788.7      360   79.97     NY                   2/1/2007        N                 560000                   1          0             2788.7                                                                               11579          12/21/2006              1      PF0630_FIXEDRATE                                 0            559000                                 0   79.97                        800           35.52     NO-PREPAY                                                       0           0           0               0
     1103637381       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              471200             469851.73              12/1/2006             11/1/2036                  2901.26      360      80     CA                   2/1/2007        N                 589000                   1          0            2901.26                                                                               95966          12/21/2006              2      PF0630_FIXEDRATE                                 0            589000                             29450      85                        770          36.958     NO-PREPAY                                                       0           0           0               0
     1103637382       PUD                               1     OO        PURCHASE              N                              6.25                 6.25              480000              478492.5              12/1/2006             11/1/2036                  2955.44      360      80     VA                   2/1/2007        N                 650000                   1          0            2955.44                                                                               22554          12/21/2006              1      PF0630_FIXEDRATE                                 0            600000                             90000      95                        796          36.089     NO-PREPAY                                                       0           0           0               0
     1103637383       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              327000             326150.61              12/1/2006             11/1/2036                  2120.92      360   79.76     NJ                   2/1/2007        N                 414000                   1          0            2120.92                                                                               07436          12/21/2006              1      PF0630_FIXEDRATE                                 0            410000                             81750    99.7                        696          37.867     NO-PREPAY                                                       0           0           0               0
     1103637384       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              505600             504683.38               1/1/2007             12/1/2036                  3195.74      360      80     CT                   2/1/2007        N                 635000                   1          0            3195.74                                                                               06906          12/21/2006              1      PF0630_FIXEDRATE                                 0            632000                             63200      90                        775          36.472     NO-PREPAY                                                       0           0           0               0
     1103637385       PUD                               1     OO        PURCHASE              N                               6.5                  6.5              448000             446778.42              12/1/2006             11/1/2036                  2831.66      360      80     CA                   2/1/2007        N                 560000                   1          0            2831.66                                                                               92708          12/21/2006              2      PF0630_FIXEDRATE                                 0            560000                             84000      95                        778          49.242     NO-PREPAY                                                       0           0           0               0
     1103637386       PUD                               1     OO        PURCHASE              N                               6.5                  6.5              288000             287214.68              12/1/2006             11/1/2036                  1820.36      360      80     FL                   2/1/2007        N                 385000                   1          0            1820.36                                                                               33839          12/21/2006              2      PF0630_FIXEDRATE                                 0            360000                             72000     100                        755          40.954     NO-PREPAY                                                       0           0           0               0
     1103637387       SFR                               1     OO        REFI                  Y                              7.75                 7.75              640000             637709.29              12/1/2006             11/1/2036                  4585.04      360      80     CA                   2/1/2007        N                 800000                   1          0            4585.04                                                                               95121          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      80                        707          34.935     NO-PREPAY                                                       0           0           0               0
     1103637388       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              205520             204959.59              12/1/2006             11/1/2036                  1299.03      360      80     IA                   2/1/2007        N                 260000                   1          0            1299.03                                                                               52241          12/21/2006              2      PF0630_FIXEDRATE                                 0            256900                                 0      80                        745          24.353     NO-PREPAY                                                       0           0           0               0
     1103637389       SFR                               1     OO        REFI                  N                             7.625                7.625             1000000             997772.54              12/1/2006             11/1/2036                  7077.94      360      80     IL                   2/1/2007        N                1250000                   1          0            7077.94                                                                               60108          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                             62500      85                        725           41.95     NO-PREPAY                                                       0           0           0               0
     1103637390       SFR                               1     OO        REFI                  N                             6.875                6.875              608000             606458.81              12/1/2006             11/1/2036                  3994.13      360      80     CA                   2/1/2007        N                 760000                   1          0            3994.13                                                                               93312          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      80                        718          45.824     NO-PREPAY                                                       0           0           0               0
     1103637391       SFR                               1     OO        REFI                  N                             6.625                6.625              663200             661434.93              12/1/2006             11/1/2036                  4246.54      360      80     CA                   2/1/2007        N                 829000                   1          0            4246.54                                                                               95133          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      80                        723          43.351     NO-PREPAY                                                       0           0           0               0
     1103637392       SFR                               1     OO        PURCHASE              N                             7.625                7.625              920000             917989.67              12/1/2006             11/1/2036                   6511.7      360      80     CA                   2/1/2007        N                1150000                   1          0             6511.7                                                                               92886          12/21/2006              2      PF0630_FIXEDRATE                                 0           1150000                            115000      90                        747          41.774     NO-PREPAY                                                       0           0           0               0
     1103637393       PUD                               1     OO        PURCHASE              N                             6.375                6.375              372000             370960.85              12/1/2006             11/1/2036                   2320.8      360      80     FL                   2/1/2007        N                 535000                   1          0             2320.8                                                                               33315          12/21/2006              2      PF0630_FIXEDRATE                                 0            465000                                 0      80                        696          36.212     NO-PREPAY                                                       0           0           0               0
     1103637394       SFR                               1     OO        REFI                  N                             6.375                6.375              616000             614279.27              12/1/2006             11/1/2036                  3843.04      360      80     CA                   2/1/2007        N                 770000                   1          0            3843.04                                                                               91360          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      80                        768          41.386     NO-PREPAY                                                       0           0           0               0
     1103637395       PUD                               1     OO        PURCHASE              N                             6.375                6.375              135200             134948.89               1/1/2007             12/1/2036                   843.47      360      80     TX                   2/1/2007        N                 172000                   1          0             843.47                                                                               77095          12/21/2006              2      PF0630_FIXEDRATE                                 0            169000                             33800     100                        750          25.506     NO-PREPAY                                                       0           0           0               0
     1103637396       PUD                               1     OO        PURCHASE              N                             6.625                6.625              796000             794591.53               1/1/2007             12/1/2036                  5096.88      360      80     AZ                   2/1/2007        N                1000000                   1          0            5096.88                                                                               85258          12/21/2006              2      PF0630_FIXEDRATE                                 0            995000                                 0      80                        699           30.08     NO-PREPAY                                                       0           0           0               0
     1103637397       PUD                               1     OO        REFI                  Y                               6.5                  6.5              220000             219601.16               1/1/2007             12/1/2036                  1390.55      360      80     FL                   2/1/2007        N                 275000                   1          0            1390.55                                                                               33566          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      80                        699          41.417     NO-PREPAY                                                       0           0           0               0
     1103637398       PUD                               1     OO        PURCHASE              N                             6.125                6.125              680000             678674.79               1/1/2007             12/1/2036                  4131.75      360      80     TX                   2/1/2007        N                 850000                   1          0            4131.75                                                                               77304          12/21/2006              2      PF0630_FIXEDRATE                                 0            850000                                 0      80                        729          31.213     NO-PREPAY                                                       0           0           0               0
     1103637399       PUD                               1     OO        PURCHASE              N                                 7                    7              132000             131782.97               1/1/2007             12/1/2036                    878.2      360      80     UT                   2/1/2007        N                 169000                   1          0              878.2                                                                               84054          12/21/2006              2      PF0630_FIXEDRATE                                 0            165000                             33000     100                        740           31.68     NO-PREPAY                                                       0           0           0               0
     1103637400       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              169600             169137.54              12/1/2006             11/1/2036                  1071.99      360      80     GA                   2/1/2007        N                 212000                   1          0            1071.99                                                                               30021          12/21/2006              1      PF0630_FIXEDRATE                                 0            212000                             42400     100                        776          33.563     NO-PREPAY                                                       0           0           0               0
     1103637401       PUD                               1     OO        PURCHASE              N                             6.625                6.625              131600             131134.09              12/1/2006             11/1/2036                   842.65      360      80     TX                   2/1/2007        N                 165000                   1          0             842.65                                                                               77064          12/21/2006              1      PF0630_FIXEDRATE                                 0            164500                             32900     100                        726           19.25     NO-PREPAY                                                       0           0           0               0
     1103637402       SFR                               1     OO        PURCHASE              N                             6.625                6.625               90000              89705.71              12/1/2006             11/1/2036                   576.28      360   78.27     TN                   2/1/2007        N                 118000                   1          0             576.28                                                                               37166          12/21/2006              1      PF0630_FIXEDRATE                                 0            115000                             23924   99.07                        739          42.445     NO-PREPAY                                                       0           0           0               0
     1103637403       SFR                               1     OO        REFI                  N                              6.25                 6.25              865000             862524.93              12/1/2006             11/1/2036                  5325.95      360   78.64     OH                   2/1/2007        N                1100000                   1          0            5325.95                                                                               45243          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                            200000   96.82                        757           37.57     NO-PREPAY                                                       0           0           0               0
     1103637404       PUD                               1     OO        REFI                  N                             6.375                6.375              360000             358994.39              12/1/2006             11/1/2036                  2245.93      360   78.27     MD                   2/1/2007        N                 460000                   1          0            2245.93                                                                               20653          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                             36456   86.19                        723          36.243     NO-PREPAY                                                       0           0           0               0
     1103637405       D-PUDS                            1     OO        REFI                  N                               6.5                  6.5              812000             809785.88              12/1/2006             11/1/2036                  5132.39      360   78.76     IL                   2/1/2007        N                1031000                   1          0            5132.39                                                                               60060          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                            100000   88.46                        744          27.865     NO-PREPAY                                                       0           0           0               0
     1103637406       SFR                               1     OO        REFI                  N                               7.5                  7.5              549250             548432.19               1/1/2007             12/1/2036                  3840.44      360   78.47     IL                   2/1/2007        N                 700000                   1          0            3840.44                                                                               60047          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   78.47                        774            40.1     NO-PREPAY                                                       0           0           0               0
     1103637409       SFR                               1     OO        REFI                  N                             6.375                6.375              427000             425807.24              12/1/2006             11/1/2036                  2663.92      360   77.92     MD                   2/1/2007        N                 548000                   1          0            2663.92                                                                               20653          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   77.92                        771          40.844     NO-PREPAY                                                       0           0           0               0
     1103637410       SFR                               1     OO        REFI                  Y                              6.75                 6.75              147000              146745.6               1/1/2007             12/1/2036                   953.44      360   77.37     FL                   2/1/2007        N                 190000                   1          0             953.44                                                                               32216          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   77.37                        779          30.655     NO-PREPAY                                                       0           0           0               0
     1103637411       SFR                               1     OO        PURCHASE              N                             6.375                6.375              670000             668128.43              12/1/2006             11/1/2036                  4179.93      360   77.02     NY                   2/1/2007        N                 870000                   1          0            4179.93                                                                               11559          12/21/2006              1      PF0630_FIXEDRATE                                 0            870000                                 0   77.02                        724          49.914     NO-PREPAY                                                       0           0           0               0
     1103637412       SFR                               1     OO        REFI                  Y                              6.75                 6.75              571000             569516.82              12/1/2006             11/1/2036                   3703.5      360   77.17     OR                   2/1/2007        N                 740000                   1          0             3703.5                                                                               97229          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   77.17                        740           49.98     NO-PREPAY                                                       0           0           0               0
     1103637413       SFR                               1     OO        REFI                  Y                             6.375                6.375              280000             279165.91              12/1/2006             11/1/2036                  1746.84      360   76.72     UT                   2/1/2007        N                 365000                   1          0            1746.84                                                                               84124          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   76.72                        715           43.52     NO-PREPAY                                                       0           0           0               0
     1103637414       SFR                               1     OO        REFI                  Y                               6.5                  6.5              464000             462734.77              12/1/2006             11/1/2036                   2932.8      360    76.7     NY                   2/1/2007        N                 605000                   1          0             2932.8                                                                               11234          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0    76.7                        767          38.483     NO-PREPAY                                                       0           0           0               0
     1103637415       SFR                               1     OO        PURCHASE              N                             5.875                5.875              615230             613972.41               1/1/2007             12/1/2036                  3639.32      360      77     CA                   2/1/2007        N                 799000                   1          0            3639.32                                                                               94707          12/21/2006              2      PF0630_FIXEDRATE                                 0            799000                                 0      77                        778          43.362     NO-PREPAY                                                       0           0           0               0
     1103637416       SFR                               1     OO        REFI                  Y                             6.625                6.625              744000             742683.56               1/1/2007             12/1/2036                  4763.91      360   76.31     IL                   2/1/2007        N                 975000                   1          0            4763.91                                                                               60657          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   76.31                        708            33.6     NO-PREPAY                                                       0           0           0               0
     1103637417       SFR                               1     OO        PURCHASE              N                             6.375                6.375              830000              827681.5              12/1/2006             11/1/2036                  5178.12      360   75.46     MD                   2/1/2007        N                1100000                   1          0            5178.12                                                                               20815          12/21/2006              1      PF0630_FIXEDRATE                                 0           1100000                                 0   75.46                        783          30.813     NO-PREPAY                                                       0           0           0               0
     1103637418       SFR                               1     OO        REFI                  Y                               6.5                  6.5               87000              86842.27               1/1/2007             12/1/2036                    549.9      360   75.66     PA                   2/1/2007        N                 115000                   1          0              549.9                                                                               16123          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   75.66                        726          29.724     NO-PREPAY                                                       0           0           0               0
     1103637419       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              712500             711269.65               1/1/2007             12/1/2036                  4621.26      360      75     VA                   2/1/2007        N                 960000                   1          0            4621.26                                                                               20186          12/21/2006              2      PF0630_FIXEDRATE                                 0            950000                                 0      75                        717          26.468     NO-PREPAY                                                       0           0           0               0
     1103637420       PUD                               1     OO        REFI                  Y                              6.75                 6.75              262500             262046.71               1/1/2007             12/1/2036                  1702.57      360      75     FL                   2/1/2007        N                 350000                   1          0            1702.57                                                                               32757          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      75                        732          20.803     NO-PREPAY                                                       0           0           0               0
     1103637421       CONDO                             1     OO        PURCHASE              N                               6.5                  6.5              453000             451764.77              12/1/2006             11/1/2036                  2863.27      360      75     NY                   2/1/2007        N                 604000                   1          0            2863.27                                                                               10030          12/21/2006              2      PF0630_FIXEDRATE                                 0            604000                                 0      75                        776          43.729     NO-PREPAY                                                       0           0           0               0
     1103637422       PUD                               1     OO        REFI                  N                             6.625                6.625             1237500            1231980.29              10/1/2006              9/1/2036                  7923.85      360      75     KS                   2/1/2007        N                1650000                   1          0            7923.85                                                                               66221          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      75                        802          33.647     NO-PREPAY                                                       0           0           0               0
     1103637423       SFR                               1     OO        PURCHASE              N                             6.375                6.375              264000             263262.54              12/1/2006             11/1/2036                  1647.02      360      75     CT                   2/1/2007        N                 370000                   1          0            1647.02                                                                               06524          12/21/2006              2      PF0630_FIXEDRATE                                 0            352000                             88000     100                        715           46.38     NO-PREPAY                                                       0           0           0               0
     1103637424       SFR                               1     OO        PURCHASE              N                             6.875                6.875             1177500            1174515.23              12/1/2006             11/1/2036                  7735.34      360      75     AZ                   2/1/2007        N                1700000                   1          0            7735.34                                                                               85253          12/21/2006              2      PF0630_FIXEDRATE                                 0           1570000                             78500      80                        799           36.73     NO-PREPAY                                                       0           0           0               0
     1103637426       SFR                               1     OO        REFI                  N                             6.375                6.375              392000             390904.99              12/1/2006             11/1/2036                  2445.57      360   74.25     AZ                   2/1/2007        N                 528000                   1          0            2445.57                                                                               86351          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   74.25                        719          40.962     NO-PREPAY                                                       0           0           0               0
     1103637427       SFR                               1     OO        REFI                  Y                             6.375                6.375              506250             505309.73               1/1/2007             12/1/2036                  3158.34      360      75     MD                   2/1/2007        N                 675000                   1          0            3158.34                                                                               20744          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      75                        750          46.057     NO-PREPAY                                                       0           0           0               0
     1103637428       SFR                               1     OO        REFI                  Y                             6.625                6.625              460000             458775.72              12/1/2006             11/1/2036                  2945.43      360    73.6     AZ                   2/1/2007        N                 625000                   1          0            2945.43                                                                               85218          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0    73.6                        690           43.47     NO-PREPAY                                                       0           0           0               0
     1103637429       SFR                               1     OO        REFI                  Y                              6.25                 6.25              510000              508540.7              12/1/2006             11/1/2036                  3140.16      360   73.92     WA                   2/1/2007        N                 690000                   1          0            3140.16                                                                               98112          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   73.92                        737          14.769     NO-PREPAY                                                       0           0           0               0
     1103637430       SFR                               1     OO        REFI                  N                              6.25                 6.25              932500             929821.16              12/1/2006             11/1/2036                  5741.56      360   73.43     CA                   2/1/2007        N                1270000                   1          0            5741.56                                                                               90056          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   73.43                        765           23.66     NO-PREPAY                                                       0           0           0               0
     1103637431       SFR                               1     OO        REFI                  Y                               6.5                  6.5              505000                503623              12/1/2006             11/1/2036                  3191.94      360   73.19     ME                   2/1/2007        N                 690000                   1          0            3191.94                                                                               04097          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   73.19                        735           41.75     NO-PREPAY                                                       0           0           0               0
     1103637432       CONDO                             1     OO        PURCHASE              N                             6.375                6.375              555000             553969.19               1/1/2007             12/1/2036                  3462.48      360   73.51     IL                   2/1/2007        N                 755000                   1          0            3462.48                                                                               60607          12/21/2006              1      PF0630_FIXEDRATE                                 0            755000                                 0   73.51                        765          20.453     NO-PREPAY                                                       0           0           0               0
     1103637433       SFR                               1     OO        REFI                  N                             6.625                6.625              675000              673203.5              12/1/2006             11/1/2036                   4322.1      360   73.37     CA                   2/1/2007        N                 920000                   1          0             4322.1                                                                               91214          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   73.37                        775          34.878     NO-PREPAY                                                       0           0           0               0
     1103637434       SFR                               1     OO        REFI                  Y                               6.5                  6.5              415000              413868.4              12/1/2006             11/1/2036                  2623.08      360   72.81     NV                   2/1/2007        N                 570000                   1          0            2623.08                                                                               89460          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   72.81                        782          40.714     NO-PREPAY                                                       0           0           0               0
     1103637435       PUD                               1     OO        REFI                  N                              6.25                 6.25              705000              702982.7              12/1/2006             11/1/2036                  4340.81      360   72.31     AZ                   2/1/2007        N                 975000                   1          0            4340.81                                                                               85262          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   72.31                        812          31.699     NO-PREPAY                                                       0           0           0               0
     1103637436       CONDO                             1     OO        REFI                  Y                               6.5                  6.5              130000             129764.32               1/1/2007             12/1/2036                   821.69      360   72.23     FL                   2/1/2007        N                 180000                   1          0             821.69                                                                               33313          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   72.23                        718          38.229     NO-PREPAY                                                       0           0           0               0
     1103637437       PUD                               1     OO        REFI                  N                               6.5                  6.5              807500             805298.14              12/1/2006             11/1/2036                  5103.95      360   71.78     AZ                   2/1/2007        N                1125000                   1          0            5103.95                                                                               85086          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   71.78                        726          42.621     NO-PREPAY                                                       0           0           0               0
     1103637438       PUD                               1     OO        PURCHASE              N                             6.375                6.375              445000             443455.35              12/1/2006             11/1/2036                  2776.22      360    71.2     VA                   2/1/2007        N                 700000                   1          0            2776.22                                                                               20112          12/21/2006              1      PF0630_FIXEDRATE                                 0            625000                                 0    71.2                        749          49.281     NO-PREPAY                                                       0           0           0               0
     1103637439       SFR                               1     OO        REFI                  N                               6.5                  6.5              525000              523322.2              12/1/2006             11/1/2036                  3318.36      360   70.47     CA                   2/1/2007        N                 745000                   1          0            3318.36                                                                               92860          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   70.47                        811           29.97     NO-PREPAY                                                       0           0           0               0
     1103637440       PUD                               1     OO        PURCHASE              N                              6.25                 6.25              450000             448712.38              12/1/2006             11/1/2036                  2770.73      360   69.24     MD                   2/1/2007        N                 675000                   1          0            2770.73                                                                               21146          12/21/2006              1      PF0630_FIXEDRATE                                 0            650000                                 0   69.24                        779          40.164     NO-PREPAY                                                       0           0           0               0
     1103637441       PUD                               1     OO        REFI                  Y                               6.5                  6.5              472500             471211.62              12/1/2006             11/1/2036                  2986.52      360      70     MD                   2/1/2007        N                 675000                   1          0            2986.52                                                                               20876          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      70                        740          45.826     NO-PREPAY                                                       0           0           0               0
     1103637442       SFR                               1     OO        REFI                  Y                             7.625                7.625              677000             665165.75              12/1/2006             11/1/2036                  4791.76      360   69.94     CA                   2/1/2007        N                 968000                   1          0            4791.76                                                                               94513          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   69.94                        778          37.593     NO-PREPAY                                                       0           0           0               0
     1103637443       PUD                               1     OO        PURCHASE              N                             6.625                6.625              103600             103324.28              12/1/2006             11/1/2036                   663.36      360      70     TX                   2/1/2007        N                 149000                   1          0             663.36                                                                               78247          12/21/2006              1      PF0630_FIXEDRATE                                 0            148000                             44400     100                        694           33.36     NO-PREPAY                                                       0           0           0               0
     1103637444       SFR                               1     OO        REFI                  N                              6.25                 6.25              210000             209395.65              12/1/2006             11/1/2036                  1293.01      360      70     CA                   2/1/2007        N                 300000                   1          0            1293.01                                                                               93308          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      70                        698          13.233     NO-PREPAY                                                       0           0           0               0
     1103637445       PUD                               1     OO        REFI                  N                               7.5                  7.5              735000             733353.31              12/1/2006             11/1/2036                  5139.23      360      70     CA                   2/1/2007        N                1050000                   1          0            5139.23                                                                               91326          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0      70                        760          48.069     NO-PREPAY                                                       0           0           0               0
     1103637446       PUD                               1     OO        REFI                  Y                               6.5                  6.5              472500             471211.62              12/1/2006             11/1/2036                  2986.52      360      70     FL                   2/1/2007        N                 675000                   1          0            2986.52                                                                               33613          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0      70                        769          42.218     NO-PREPAY                                                       0           0           0               0
     1103637447       PUD                               1     OO        REFI                  Y                              6.75                 6.75              450000             448831.13              12/1/2006             11/1/2036                  2918.69      360   69.24     AZ                   2/1/2007        N                 650000                   1          0            2918.69                                                                               85027          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   69.24                        698          34.481     NO-PREPAY                                                       0           0           0               0
     1103637448       SFR                               1     2ND       PURCHASE              N                               6.5                  6.5             1000000             998187.08               1/1/2007             12/1/2036                  6320.68      360   69.45     MA                   2/1/2007        N                1440000                   1          0            6320.68                                                                               02642          12/29/2006              2      PF0630_FIXEDRATE                                 0           1875000                                 0   69.45                        818          29.975     NO-PREPAY                                                       0           0           0               0
     1103637449       PUD                               1     NOO       REFI                  Y                             6.375                6.375              449400             448565.33               1/1/2007             12/1/2036                  2803.67      360      70     MD                   2/1/2007        N                 642000                   1          0            2803.67                                                                               20852          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0      70                        759           47.34     NO-PREPAY                                                       0           0           0               0
     1103637450       PUD                               1     OO        REFI                  N                                 7                    7             1887950            1884845.89               1/1/2007             12/1/2036                 12560.58      360   65.67     CA                   2/1/2007        N                2875000                   1          0           12560.58                                                                               95762          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   65.67                        728          33.477     NO-PREPAY                                                       0           0           0               0
     1103637451       SFR                               1     OO        REFI                  N                             6.375                6.375              910000             906484.52              12/1/2006             11/1/2036                  5677.22      360      70     CA                   2/1/2007        N                1300000                   1          0            5677.22                                                                               94598          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      70                        775          34.825     NO-PREPAY                                                       0           0           0               0
     1103637452       SFR                               1     OO        REFI                  Y                             6.625                6.625              470000             469168.37               1/1/2007             12/1/2036                  3009.46      360   68.62     NY                   2/1/2007        N                 685000                   1          0            3009.46                                                                               11946          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   68.62                        723           38.87     NO-PREPAY                                                       0           0           0               0
     1103637453       PUD                               1     OO        PURCHASE              N                             6.375                6.375              610000             608260.62              12/1/2006             11/1/2036                  3805.61      360   67.04     MD                   2/1/2007        N                 920000                   1          0            3805.61                                                                               21042          12/21/2006              2      PF0630_FIXEDRATE                                 0            910000                                 0   67.04                        718          19.039     NO-PREPAY                                                       0           0           0               0
     1103637455       SFR                               1     OO        REFI                  Y                              6.75                 6.75              850000             844772.45              12/1/2006             11/1/2036                  5513.08      360      68     CA                   2/1/2007        N                1250000                   1          0            5513.08                                                                               94707          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      68                        730          36.444     NO-PREPAY                                                       0           0           0               0
     1103637456       SFR                               1     OO        REFI                  Y                             6.375                6.375              800000             797765.29              12/1/2006             11/1/2036                  4990.96      360   66.67     RI                   2/1/2007        N                1200000                   1          0            4990.96                                                                               02835          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   66.67                        689           44.51     NO-PREPAY                                                       0           0           0               0
     1103637458       SFR                               1     OO        REFI                  Y                             6.375                6.375              897800              895292.1              12/1/2006             11/1/2036                   5601.1      360   66.51     NJ                   2/1/2007        N                1350000                   1          0             5601.1                                                                               07045          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                            174200   79.41                        748          30.999     NO-PREPAY                                                       0           0           0               0
     1103637459       SFR                               1     OO        REFI                  N                             6.125                6.125              761500             760015.97               1/1/2007             12/1/2036                  4626.95      360   66.22     NJ                   2/1/2007        N                1150000                   1          0            4626.95                                                                               07042          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   66.22                        736           38.01     NO-PREPAY                                                       0           0           0               0
     1103637460       SFR                               1     OO        REFI                  N                               6.5                  6.5              651446             642368.21              12/1/2006             11/1/2036                  4117.58      360   65.15     NJ                   2/1/2007        N                1000000                   1          0            4117.58                                                                               07481          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   65.15                        791          45.333     NO-PREPAY                                                       0           0           0               0
     1103637461       SFR                               1     OO        REFI                  N                             6.625                6.625              650000             648270.05              12/1/2006             11/1/2036                  4162.02      360   65.66     KY                   2/1/2007        N                 990000                   1          0            4162.02                                                                               40245          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   65.66                        776          21.031     NO-PREPAY                                                       0           0           0               0
     1103637462       CONDO                             1     OO        REFI                  Y                               7.5                  7.5              650000             648433.21              12/1/2006             11/1/2036                  4544.89      360      65     CA                   2/1/2007        N                1000000                   1          0            4544.89                                                                               92672          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0      65                        784           28.42     NO-PREPAY                                                       0           0           0               0
     1103637463       SFR                               1     OO        REFI                  Y                               6.5                  6.5              728000              726014.9              12/1/2006             11/1/2036                  4601.46      360      65     CA                   2/1/2007        N                1120000                   1          0            4601.46                                                                               95060          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0      65                        689          44.861     NO-PREPAY                                                       0           0           0               0
     1103637464       SFR                               1     OO        REFI                  N                             6.625                6.625              485000             483225.51              12/1/2006             11/1/2036                  3105.51      360   64.67     NY                   2/1/2007        N                 750000                   1          0            3105.51                                                                               11367          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   64.67                        727          33.681     NO-PREPAY                                                       0           0           0               0
     1103637465       SFR                               1     OO        PURCHASE              N                             6.375                6.375              689000             687075.36              12/1/2006             11/1/2036                  4298.46      360    63.8     CA                   2/1/2007        N                1080000                   1          0            4298.46                                                                               94132          12/21/2006              2      PF0630_FIXEDRATE                                 0           1080000                                 0    63.8                        785           28.13     NO-PREPAY                                                       0           0           0               0
     1103637466       PUD                               1     2ND       PURCHASE              N                              6.25                 6.25              570000             568369.01              12/1/2006             11/1/2036                  3509.59      360   63.69     CA                   2/1/2007        N                 895000                   1          0            3509.59                                                                               93546          12/21/2006              1      PF0630_FIXEDRATE                                 0            895000                                 0   63.69                        794          25.379     NO-PREPAY                                                       0           0           0               0
     1103637467       CONDO                             1     OO        REFI                  N                              6.75                 6.75              227000             225399.08              12/1/2006             11/1/2036                  1472.32      360   63.06     CA                   2/1/2007        N                 360000                   1          0            1472.32                                                                               90740          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   63.06                        701           12.53     NO-PREPAY                                                       0           0           0               0
     1103637469       CONDO                             1     2ND       REFI                  Y                               6.5                  6.5              535000              533541.2              12/1/2006             11/1/2036                  3381.56      360   62.95     MD                   2/1/2007        N                 850000                   1          0            3381.56                                                                               21842          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   62.95                        799          27.443     NO-PREPAY                                                       0           0           0               0
     1103637470       SFR                               1     OO        REFI                  N                             6.375                6.375              962000             959312.76              12/1/2006             11/1/2036                  6001.63      360   62.07     PA                   2/1/2007        N                1550000                   1          0            6001.63                                                                               19085          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   62.07                        788           33.08     NO-PREPAY                                                       0           0           0               0
     1103637471       SFR                               1     2ND       PURCHASE              N                              6.25                 6.25              500000             498569.31              12/1/2006             11/1/2036                  3078.59      360    62.5     CA                   2/1/2007        N                 800000                   1          0            3078.59                                                                               94611          12/21/2006              1      PF0630_FIXEDRATE                                 0            800000                            119048   77.39                        750           44.75     NO-PREPAY                                                       0           0           0               0
     1103637472       SFR                               1     OO        PURCHASE              N                             6.375                6.375              450000             449164.22               1/1/2007             12/1/2036                  2807.41      360   62.94     MI                   2/1/2007        N                 735000                   1          0            2807.41                                                                               48104          12/21/2006              1      PF0630_FIXEDRATE                                 0            715000                                 0   62.94                        773           36.09     NO-PREPAY                                                       0           0           0               0
     1103637473       PUD                               1     OO        PURCHASE              N                               6.5                  6.5              530000             528554.82              12/1/2006             11/1/2036                  3349.96      360   62.36     CA                   2/1/2007        N                 850000                   1          0            3349.96                                                                               90755          12/21/2006              1      PF0630_FIXEDRATE                                 0            850000                                 0   62.36                        729           49.45     NO-PREPAY                                                       0           0           0               0
     1103637475       SFR                               1     OO        REFI                  N                             6.375                6.375              540000             538491.56              12/1/2006             11/1/2036                   3368.9      360   60.41     WA                   2/1/2007        N                 894000                   1          0             3368.9                                                                               98136          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   60.41                        758          41.047     NO-PREPAY                                                       0           0           0               0
     1103637476       SFR                               1     OO        REFI                  Y                             6.375                6.375              507000             505583.75              12/1/2006             11/1/2036                  3163.02      360   60.36     FL                   2/1/2007        N                 840000                   1          0            3163.02                                                                               33157          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   60.36                        763          37.671     NO-PREPAY                                                       0           0           0               0
     1103637477       CONDO                             1     2ND       PURCHASE              N                              6.25                 6.25              900000             896476.03              12/1/2006             11/1/2036                  5541.45      360      60     RI                   2/1/2007        N                1500000                   1          0            5541.45                                                                               02840          12/21/2006              1      PF0630_FIXEDRATE                                 0           1500000                                 0      60                        806          24.655     NO-PREPAY                                                       0           0           0               0
     1103637478       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              289000             288448.75               1/1/2007             12/1/2036                  1779.42      360   59.11     CT                   2/1/2007        N                 500000                   1          0            1779.42                                                                               06611          12/21/2006              1      PF0630_FIXEDRATE                                 0            489000                                 0   59.11                        692          41.476     NO-PREPAY                                                       0           0           0               0
     1103637479       PUD                               1     OO        PURCHASE              N                             6.375                6.375              725000             719676.26               1/1/2007             12/1/2036                  4523.06      360   59.19     ID                   2/1/2007        N                1250000                   1          0            4523.06                                                                               83714          12/21/2006              1      PF0630_FIXEDRATE                                 0           1225000                                 0   59.19                        703          46.583     NO-PREPAY                                                       0           0           0               0
     1103637480       SFR                               1     OO        REFI                  N                               7.5                  7.5              910000             907961.26              12/1/2006             11/1/2036                  6362.85      360   56.35     CA                   2/1/2007        N                1615000                   1          0            6362.85                                                                               92651          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   56.35                        777          39.799     NO-PREPAY                                                       0           0           0               0
     1103637481       SFR                               1     OO        REFI                  Y                              6.25                 6.25              545000             541412.44              12/1/2006             11/1/2036                  3355.66      360    54.5     NJ                   2/1/2007        N                1000000                   1          0            3355.66                                                                               07704          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0    54.5                        796           21.03     NO-PREPAY                                                       0           0           0               0
     1103637482       PUD                               1     OO        PURCHASE              N                             6.375                6.375              600000             598323.97              12/1/2006             11/1/2036                  3743.22      360   54.52     PA                   2/1/2007        N                1200000                   1          0            3743.22                                                                               19002          12/21/2006              1      PF0630_FIXEDRATE                                 0         1100637.7                            250909   77.32                        736          39.169     NO-PREPAY                                                       0           0           0               0
     1103637483       PUD                               1     OO        PURCHASE              N                             6.375                6.375              436848             435627.73              12/1/2006             11/1/2036                  2725.36      360   52.21     AZ                   2/1/2007        N                 860000                   1          0            2725.36                                                                               85207          12/21/2006              1      PF0630_FIXEDRATE                                 0            836848                                 0   52.21                        781          29.772     NO-PREPAY                                                       0           0           0               0
     1103637484       SFR                               1     OO        REFI                  Y                             6.625                6.625              960000             957444.97              12/1/2006             11/1/2036                  6146.99      360   53.34     VA                   2/1/2007        N                1800000                   1          0            6146.99                                                                               20135          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   53.34                        765          40.411     NO-PREPAY                                                       0           0           0               0
     1103637485       SFR                               1     OO        REFI                  Y                             6.375                6.375              540000             538491.56              12/1/2006             11/1/2036                   3368.9      360   51.43     NJ                   2/1/2007        N                1050000                   1          0             3368.9                                                                               08226          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   51.43                        765          48.655     NO-PREPAY                                                       0           0           0               0
     1103637486       PUD                               1     OO        REFI                  Y                             5.875                5.875              485000             484008.62               1/1/2007             12/1/2036                  2868.96      360   51.71     FL                   2/1/2007        N                 938000                   1          0            2868.96                                                                               33180          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                            102596   62.65                        682          35.411     NO-PREPAY                                                       0           0           0               0
     1103637487       SFR                               1     OO        REFI                  N                             6.375                6.375              990000             986938.55              12/1/2006             11/1/2036                  6176.31      360   50.77     MA                   2/1/2007        N                1950000                   1          0            6176.31                                                                               02465          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                            504706   76.66                        761           38.98     NO-PREPAY                                                       0           0           0               0
     1103637488       SFR                               1     OO        REFI                  Y                               6.5                  6.5              472000             470712.98              12/1/2006             11/1/2036                  2983.36      360   49.95     CT                   2/1/2007        N                 945000                   1          0            2983.36                                                                               06883          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   49.95                        695          39.181     NO-PREPAY                                                       0           0           0               0
     1103637489       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              600000             598283.18              12/1/2006             11/1/2036                   3694.3      360   49.98     NY                   2/1/2007        N                1250000                   1          0             3694.3                                                                               11598          12/21/2006              1      PF0630_FIXEDRATE                                 0           1200500                            204000   66.98                        720          22.067     NO-PREPAY                                                       0           0           0               0
     1103637490       SFR                               1     2ND       PURCHASE              N                               6.5                  6.5              700000             698091.26              12/1/2006             11/1/2036                  4424.48      360   48.28     MA                   2/1/2007        N                1450000                   1          0            4424.48                                                                               02632          12/21/2006              2      PF0630_FIXEDRATE                                 0           1450000                                 0   48.28                        808          26.946     NO-PREPAY                                                       0           0           0               0
     1103637491       PUD                               1     OO        PURCHASE              N                               6.5                  6.5              250000             249318.31              12/1/2006             11/1/2036                  1580.17      360   43.29     AZ                   2/1/2007        N                 580000                   1          0            1580.17                                                                               85258          12/21/2006              2      PF0630_FIXEDRATE                                 0            577500                                 0   43.29                        718          21.582     NO-PREPAY                                                       0           0           0               0
     1103637492       PUD                               1     OO        REFI                  Y                              6.25                 6.25              515500             514024.98              12/1/2006             11/1/2036                  3174.02      360   42.96     VA                   2/1/2007        N                1200000                   1          0            3174.02                                                                               20152          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   42.96                        758          49.675     NO-PREPAY                                                       0           0           0               0
     1103637493       SFR                               1     OO        REFI                  N                               6.5                  6.5              577000             574896.53              11/1/2006             10/1/2036                  3647.03      360   41.22     CA                   2/1/2007        N                1400000                   1          0            3647.03                                                                               91326          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   41.22                        727          20.066     NO-PREPAY                                                       0           0           0               0
     1103637494       PUD                               1     OO        REFI                  Y                              6.75                 6.75              573000             571009.91              11/1/2006             10/1/2036                  3716.47      360   39.52     AZ                   2/1/2007        N                1450000                   1          0            3716.47                                                                               85715          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                            300825   60.27                        704          38.839     NO-PREPAY                                                       0           0           0               0
     1103637495       CONDO                             1     OO        REFI                  Y                              6.75                 6.75               70000              69879.12               1/1/2007             12/1/2036                   454.02      360      40     FL                   2/1/2007        N                 175000                   1          0             454.02                                                                               33908          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0      40                        808          26.088     NO-PREPAY                                                       0           0           0               0
     1103637496       SFR                               1     NOO       REFI                  N                              6.75                 6.75              180000             179533.32               1/1/2007             12/1/2036                  1167.48      360   38.71     SC                   2/1/2007        N                 465000                   1          0            1167.48                                                                               29205          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   38.71                        736          46.199     NO-PREPAY                                                       0           0           0               0
     1103637497       SFR                               1     OO        REFI                  Y                             7.625                7.625              615000             614106.93               1/1/2007             12/1/2036                  4352.93      360   37.28     IL                   2/1/2007        N                1650000                   1          0            4352.93                                                                               60047          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   37.28                        767          29.859     NO-PREPAY                                                       0           0           0               0
     1103637498       SFR                               1     OO        REFI                  Y                             6.625                6.625             1000000             997338.52              12/1/2006             11/1/2036                  6403.11      360   36.37     CA                   2/1/2007        N                2750000                   1          0            6403.11                                                                               94611          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   36.37                        798          39.234     NO-PREPAY                                                       0           0           0               0
     1103637499       SFR                               1     OO        REFI                  Y                              6.25                 6.25              550000             548426.26              12/1/2006             11/1/2036                  3386.44      360   30.56     NY                   2/1/2007        N                1800000                   1          0            3386.44                                                                               11234          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   30.56                        728           30.41     NO-PREPAY                                                       0           0           0               0
     1103637500       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              185250                185250              12/1/2006             11/1/2036                   964.84      360      95     WA                   2/1/2007        N                 200000                   1          0             964.84                                                                               98277          12/21/2006              1      PF0630I_FIX-INTONLY                             30            195000                                 0      95                        698           46.51     NO-PREPAY                                                       0           0           0               0
     1103637501       SFR                               1     OO        REFI                  N                             7.375                7.375              378000                378000              10/1/2006              9/1/2036                  2323.13      360      90     VA                   2/1/2007        N                 420000                   1          0            2323.13                                                                               23321          12/21/2006              1      PF0630I_FIX-INTONLY                             25                 0                                 0      90                        750           31.79     NO-PREPAY                                                       0           0           0               0
     1103637502       SFR                               1     OO        REFI                  Y                             6.875                6.875              170100                170100              12/1/2006             11/1/2036                   974.53      360      90     LA                   2/1/2007        N                 189000                   1          0             974.53                                                                               70047          12/21/2006              1      PF0430I_FIX-INTONLY                             25                 0                                 0      90                        772           30.08     NO-PREPAY                                                       0           0           0               0
     1103637503       CONDO                             1     OO        PURCHASE              N                             6.375                6.375              388000                386500              12/1/2006             11/1/2036                  2061.25      360      80     CA                   2/1/2007        N                 485000                   1          0            2061.25                                                                               90802          12/21/2006              2      PF0630I_FIX-INTONLY                              0            485000                                 0      80                        733          31.319     NO-PREPAY                                                       0           0           0               0
     1103637504       SFR                               1     OO        PURCHASE              N                             6.375                6.375              645100             641832.89              12/1/2006             11/1/2036                  3427.09      360      80     CA                   2/1/2007        N                 807000                   1          0            3427.09                                                                               90293          12/21/2006              2      PF0630I_FIX-INTONLY                              0            806375                                 0      80                        707           28.47     NO-PREPAY                                                       0           0           0               0
     1103637505       SFR                               1     OO        REFI                  Y                             6.875                6.875              580000                580000               1/1/2007             12/1/2036                  3322.92      360      80     VA                   2/1/2007        N                 725000                   1          0            3322.92                                                                               23323          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0      80                        772          29.686     NO-PREPAY                                                       0           0           0               0
     1103637506       SFR                               1     OO        REFI                  N                               6.5                  6.5              364000                364000               1/1/2007             12/1/2036                  1971.67      360      80     CA                   2/1/2007        N                 455000                   1          0            1971.67                                                                               90033          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0      80                        742          36.229     NO-PREPAY                                                       0           0           0               0
     1103637507       SFR                               1     OO        REFI                  Y                             6.875                6.875              618500                618500               1/1/2007             12/1/2036                  3543.49      360   79.81     CA                   2/1/2007        N                 775000                   1          0            3543.49                                                                               93010          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   79.81                        739          37.997     NO-PREPAY                                                       0           0           0               0
     1103637508       SFR                               1     OO        REFI                  Y                             6.375                6.375              408000                408000               1/1/2007             12/1/2036                   2167.5      360      80     NY                   2/1/2007        N                 510000                   1          0             2167.5                                                                               10901          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                             25500      85                        722           32.22     NO-PREPAY                                                       0           0           0               0
     1103637509       SFR                               1     2ND       PURCHASE              N                             6.625                6.625              439200                439200               1/1/2007             12/1/2036                  2424.75      360      80     NC                   2/1/2007        N                 553000                   1          0            2424.75                                                                               28516          12/21/2006              1      PF0630I_FIX-INTONLY                              0            549000                                 0      80                        811           48.36     NO-PREPAY                                                       0           0           0               0
     1103637510       PUD                               1     OO        PURCHASE              N                             6.625                6.625              632000                632000               1/1/2007             12/1/2036                  3489.17      360      80     AZ                   2/1/2007        N                 790000                   1          0            3489.17                                                                               85262          12/21/2006              2      PF0630I_FIX-INTONLY                              0            790000                            158000     100                        786          40.004     NO-PREPAY                                                       0           0           0               0
     1103637512       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              700000                700000              12/1/2006             11/1/2036                  3791.67      360      80     MD                   2/1/2007        N                 880000                   1          0            3791.67                                                                               20816          12/21/2006              1      PF0630I_FIX-INTONLY                              0            875000                             87500      90                        737           40.55     NO-PREPAY                                                       0           0           0               0
     1103637513       SFR                               1     OO        REFI                  Y                             6.375                6.375              460000                460000              12/1/2006             11/1/2036                  2443.75      360      80     VA                   2/1/2007        N                 575000                   1          0            2443.75                                                                               22033          12/21/2006              1      PF0630I_FIX-INTONLY                              0                 0                             34500      86                        697          38.289     NO-PREPAY                                                       0           0           0               0
     1103637514       SFR                               1     OO        REFI                  N                             6.375                6.375              616000                616000              12/1/2006             11/1/2036                   3272.5      360      80     VA                   2/1/2007        N                 770000                   1          0             3272.5                                                                               23452          12/21/2006              1      PF0630I_FIX-INTONLY                              0                 0                            115500      95                        722          43.271     NO-PREPAY                                                       0           0           0               0
     1103637515       SFR                               1     OO        REFI                  Y                              7.25                 7.25              570000                570000              12/1/2006             11/1/2036                  3443.75      360   79.95     CA                   2/1/2007        N                 713000                   1          0            3443.75                                                                               95035          12/21/2006              1      PF0630I_FIX-INTONLY                              0                 0                                 0   79.95                        732          32.747     NO-PREPAY                                                       0           0           0               0
     1103637516       SFR                               1     OO        REFI                  N                              6.75                 6.75              520000                520000              12/1/2006             11/1/2036                     2925      360      80     IL                   2/1/2007        N                 650000                   1          0               2925                                                                               60143          12/21/2006              1      PF0630I_FIX-INTONLY                              0                 0                             91000      94                        752           29.93     NO-PREPAY                                                       0           0           0               0
     1103637517       PUD                               1     OO        REFI                  Y                             6.375                6.375              166400                166400              12/1/2006             11/1/2036                      884      360      80     OR                   2/1/2007        N                 208000                   1          0                884                                                                               97351          12/21/2006              1      PF0630I_FIX-INTONLY                              0                 0                             31200      95                        706           20.68     NO-PREPAY                                                       0           0           0               0
     1103637518       SFR                               1     OO        REFI                  Y                             5.875                5.875              480000                480000              12/1/2006             11/1/2036                     2350      360      80     TN                   2/1/2007        N                 600000                   1          0               2350                                                                               37166          12/21/2006              1      PF0630I_FIX-INTONLY                              0                 0                             60000      90                        789           40.71     NO-PREPAY                                                       0           0           0               0
     1103637519       SFR                               1     OO        PURCHASE              N                             6.375                6.375              158400                133350              12/1/2006             11/1/2036                    841.5      360      80     LA                   2/1/2007        N                 203500                   1          0              841.5                                                                               70072          12/21/2006              1      PF0630I_FIX-INTONLY                              0            198000                             39600     100                        793            22.5     NO-PREPAY                                                       0           0           0               0
     1103637520       PUD                               1     OO        PURCHASE              N                             6.625                6.625              152000                152000              12/1/2006             11/1/2036                   839.17      360      80     TX                   2/1/2007        N                 200000                   1          0             839.17                                                                               77845          12/21/2006              1      PF0630I_FIX-INTONLY                              0            190000                             38000     100                        778           34.83     NO-PREPAY                                                       0           0           0               0
     1103637521       SFR                               1     OO        REFI                  N                             6.375                6.375              612000                612000               1/1/2007             12/1/2036                  3251.25      360      80     MD                   2/1/2007        N                 765000                   1          0            3251.25                                                                               20774          12/21/2006              1      PF0630I_FIX-INTONLY                              0                 0                             76500      90                        700           41.37     NO-PREPAY                                                       0           0           0               0
     1103637522       SFR                               1     OO        REFI                  N                             6.375                6.375              456000                456000               1/1/2007             12/1/2036                   2422.5      360   79.31     NY                   2/1/2007        N                 575000                   1          0             2422.5                                                                               10992          12/21/2006              1      PF0630I_FIX-INTONLY                              0                 0                             74100    92.2                        709          49.498     NO-PREPAY                                                       0           0           0               0
     1103637523       SFR                               1     OO        REFI                  Y                             6.375                6.375              440000                439999               1/1/2007             12/1/2036                  2337.49      360      80     MD                   2/1/2007        N                 550000                   1          0            2337.49                                                                               20721          12/21/2006              1      PF0630I_FIX-INTONLY                              0                 0                                 0      80                        683          27.496     NO-PREPAY                                                       0           0           0               0
     1103637524       SFR                               1     OO        REFI                  N                               6.5                  6.5              352000                352000               1/1/2007             12/1/2036                  1906.67      360      80     CA                   2/1/2007        N                 440000                   1          0            1906.67                                                                               95624          12/21/2006              1      PF0630I_FIX-INTONLY                              0                 0                             66000      95                        724           48.22     NO-PREPAY                                                       0           0           0               0
     1103637525       PUD                               1     OO        PURCHASE              N                             6.625                6.625              559999                559999               1/1/2007             12/1/2036                  3091.66      360      80     NJ                   2/1/2007        N                 725000                   1          0            3091.66                                                                               07920          12/21/2006              1      PF0630I_FIX-INTONLY                              0            699999                                 0      80                        758           42.57     NO-PREPAY                                                       0           0           0               0
     1103637526       SFR                               1     OO        PURCHASE              N                             6.125                6.125              644000                644000              12/1/2006             11/1/2036                  3287.08      360      80     CA                   2/1/2007        N                 805000                   1          0            3287.08                                                                               94037          12/21/2006              1      PF0630I_FIX-INTONLY                              0            805000                                 0      80                        798          46.456     NO-PREPAY                                                       0           0           0               0
     1103637527       CONDO                             1     OO        PURCHASE              N                             6.375                6.375              516000                516000              12/1/2006             11/1/2036                  2741.25      360      80     PA                   2/1/2007        N                 650000                   1          0            2741.25                                                                               19103          12/21/2006              1      PF0630I_FIX-INTONLY                              0            645000                             96750      95                        759          36.237     NO-PREPAY                                                       0           0           0               0
     1103637528       SFR                               1     OO        PURCHASE              N                             6.875                6.875              252000                252000              12/1/2006             11/1/2036                  1443.75      360      80     NY                   2/1/2007        N                 560000                   1          0            1443.75                                                                               10701          12/21/2006              1      PF0630I_FIX-INTONLY                              0            315000                             63000     100                        728           25.01     NO-PREPAY                                                       0           0           0               0
     1103637529       SFR                               1     OO        REFI                  Y                              6.75                 6.75              392000                391000              11/1/2006             10/1/2036                     2205      360      80     NY                   2/1/2007        N                 490000                   1          0               2205                                                                               11566          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0      80                        770          43.601     NO-PREPAY                                                       0           0           0               0
     1103637530       PUD                               1     OO        REFI                  Y                             6.375                6.375              512000                512000              12/1/2006             11/1/2036                     2720      360      80     VA                   2/1/2007        N                 640000                   1          0               2720                                                                               20112          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0      80                        758          31.303     NO-PREPAY                                                       0           0           0               0
     1103637531       SFR                               1     OO        REFI                  N                             6.625                6.625              604000                604000              12/1/2006             11/1/2036                  3334.58      360      80     NV                   2/1/2007        N                 755000                   1          0            3334.58                                                                               89052          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0      80                        708          26.685     NO-PREPAY                                                       0           0           0               0
     1103637532       SFR                               1     OO        REFI                  Y                              6.75                 6.75              360000                360000              12/1/2006             11/1/2036                     2025      360      80     CA                   2/1/2007        N                 450000                   1          0               2025                                                                               95945          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0      80                        719          30.109     NO-PREPAY                                                       0           0           0               0
     1103637533       SFR                               1     OO        PURCHASE              N                             6.375                6.375              432000                432000               1/1/2007             12/1/2036                     2295      360      80     MA                   2/1/2007        N                 550000                   1          0               2295                                                                               01106          12/21/2006              2      PF0630I_FIX-INTONLY                              0            540000                                 0      80                        770          42.933     NO-PREPAY                                                       0           0           0               0
     1103637534       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              500000                500000               1/1/2007             12/1/2036                   2812.5      360      80     VA                   2/1/2007        N                 625000                   1          0             2812.5                                                                               20141          12/21/2006              2      PF0630I_FIX-INTONLY                              0            625000                             62500      90                        723            37.6     NO-PREPAY                                                       0           0           0               0
     1103637535       SFR                               1     OO        REFI                  Y                             6.625                6.625              480000              479999.8               1/1/2007             12/1/2036                     2650      360      80     MD                   2/1/2007        N                 600000                   1          0               2650                                                                               21146          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0      80                        688           29.34     NO-PREPAY                                                       0           0           0               0
     1103637536       CONDO                             1     OO        REFI                  N                              6.75                 6.75              440000                440000               1/1/2007             12/1/2036                     2475      360      80     NJ                   2/1/2007        N                 550000                   1          0               2475                                                                               07305          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                             55000      90                        716          36.905     NO-PREPAY                                                       0           0           0               0
     1103637537       PUD                               1     OO        REFI                  N                             6.875                6.875              475000                474850               1/1/2007             12/1/2036                  2721.35      360   79.17     FL                   2/1/2007        N                 600000                   1          0            2721.35                                                                               33026          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   79.17                        730          23.625     NO-PREPAY                                                       0           0           0               0
     1103637538       CONDO                             1     OO        PURCHASE              N                             6.625                6.625              390520                390520              12/1/2006             11/1/2036                     2156      360      80     FL                   2/1/2007        N                 550000                   1          0               2156                                                                               32801          12/21/2006              2      PF0630I_FIX-INTONLY                              0            488150                             48815      90                        774          35.627     NO-PREPAY                                                       0           0           0               0
     1103637539       SFR                               1     OO        PURCHASE              N                             6.625                6.625              339200                339200               1/1/2007             12/1/2036                  1872.67      360      80     WA                   2/1/2007        N                 424000                   1          0            1872.67                                                                               98115          12/21/2006              2      PF0630I_FIX-INTONLY                              0            424000                             42400      90                        812          41.593     NO-PREPAY                                                       0           0           0               0
     1103637540       CONDO                             1     OO        PURCHASE              N                               6.5                  6.5              408000                408000               1/1/2007             12/1/2036                     2210      360      80     NJ                   2/1/2007        N                 515000                   1          0               2210                                                                               07302          12/21/2006              2      PF0630I_FIX-INTONLY                              0            510000                             51000      90                        729           33.41     NO-PREPAY                                                       0           0           0               0
     1103637541       PUD                               1     OO        REFI                  N                             6.625                6.625             1000000               1000000              12/1/2006             11/1/2036                  5520.83      360      80     SC                   2/1/2007        N                1250000                   1          0            5520.83                                                                               29910          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                             52000   84.16                        732          35.794     NO-PREPAY                                                       0           0           0               0
     1103637542       SFR                               1     OO        PURCHASE              N                             6.625                6.625              223900                223900              12/1/2006             11/1/2036                  1236.11      360    79.4     AZ                   2/1/2007        N                 282000                   1          0            1236.11                                                                               85302          12/21/2006              2      PF0630I_FIX-INTONLY                              0            282000                             25189   88.33                        722          41.319     NO-PREPAY                                                       0           0           0               0
     1103637543       SFR                               1     OO        REFI                  N                              6.75                 6.75              672000                672000              12/1/2006             11/1/2036                     3780      360   79.06     NV                   2/1/2007        N                 850000                   1          0               3780                                                                               89130          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   79.06                        740          38.027     NO-PREPAY                                                       0           0           0               0
     1103637544       SFR                               1     OO        REFI                  N                             6.375                6.375              792000                792000              12/1/2006             11/1/2036                   4207.5      360      80     CA                   2/1/2007        N                 990000                   1          0             4207.5                                                                               91390          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                             99000      90                        703          39.087     NO-PREPAY                                                       0           0           0               0
     1103637545       SFR                               1     OO        PURCHASE              N                              7.25                 7.25              700000             664271.86              12/1/2006             11/1/2036                  4229.17      360      80     NJ                   2/1/2007        N                 875000                   1          0            4229.17                                                                               07054          12/21/2006              2      PF0630I_FIX-INTONLY                              0            875000                             52500      86                        749           32.66     NO-PREPAY                                                       0           0           0               0
     1103637546       SFR                               1     OO        REFI                  Y                             6.625                6.625              225000                225000               1/1/2007             12/1/2036                  1242.19      360   78.95     MD                   2/1/2007        N                 285000                   1          0            1242.19                                                                               21228          12/21/2006              1      PF0630I_FIX-INTONLY                              0                 0                             42722   93.94                        750           45.73     NO-PREPAY                                                       0           0           0               0
     1103637547       SFR                               1     OO        REFI                  N                             6.875                6.875              294400                294400               9/1/2006              8/1/2036                  1686.67      360   77.89     CA                   2/1/2007        N                 378000                   1          0            1686.67                                                                               92314          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   77.89                        722          42.775     NO-PREPAY                                                       0           0           0               0
     1103637548       PUD                               1     OO        REFI                  N                             6.625                6.625              579000                579000              12/1/2006             11/1/2036                  3196.56      360   76.69     VA                   2/1/2007        N                 755000                   1          0            3196.56                                                                               22039          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   76.69                        747           42.39     NO-PREPAY                                                       0           0           0               0
     1103637549       PUD                               1     OO        PURCHASE              N                              6.25                 6.25              460000                460000              12/1/2006             11/1/2036                  2395.83      360   76.72     VA                   2/1/2007        N                 620000                   1          0            2395.83                                                                               23188          12/21/2006              1      PF0630I_FIX-INTONLY                              0         599606.16                                 0   76.72                        780          47.612     NO-PREPAY                                                       0           0           0               0
     1103637550       CONDO                             1     OO        REFI                  Y                              6.75                 6.75              250000             249522.82              12/1/2006             11/1/2036                  1406.25      360   75.31     AZ                   2/1/2007        N                 332000                   1          0            1406.25                                                                               85021          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   75.31                        718           37.34     NO-PREPAY                                                       0           0           0               0
     1103637551       PUD                               1     OO        PURCHASE              N                               6.5                  6.5              150000                150000               1/1/2007             12/1/2036                    812.5      360      75     FL                   2/1/2007        N                 215000                   1          0              812.5                                                                               34669          12/21/2006              2      PF0630I_FIX-INTONLY                              0            200000                                 0      75                        745          35.178     NO-PREPAY                                                       0           0           0               0
     1103637552       SFR                               1     OO        REFI                  N                               6.5                  6.5              678750             678741.53              11/1/2006             10/1/2036                  3676.55      360      75     ID                   2/1/2007        N                 905000                   1          0            3676.55                                                                               83333          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0      75                        794          42.942     NO-PREPAY                                                       0           0           0               0
     1103637553       SFR                               1     OO        REFI                  N                             6.625                6.625              408000                408000              12/1/2006             11/1/2036                   2252.5      360   74.59     NY                   2/1/2007        N                 547000                   1          0             2252.5                                                                               11946          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   74.59                        722           36.08     NO-PREPAY                                                       0           0           0               0
     1103637554       2-4FAMILY                         2     OO        PURCHASE              N                             6.625                6.625              588750                588750               1/1/2007             12/1/2036                  3250.39      360      75     NY                   2/1/2007        N                 785000                   1          0            3250.39                                                                               11420          12/21/2006              2      PF0630I_FIX-INTONLY                              0            785000                                 0      75                        776          35.569     NO-PREPAY                                                       0           0           0               0
     1103637555       CONDO                             1     OO        REFI                  Y                             6.875                6.875              292500                292500               1/1/2007             12/1/2036                  1675.78      360   72.23     FL                   2/1/2007        N                 405000                   1          0            1675.78                                                                               33160          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   72.23                        710          35.589     NO-PREPAY                                                       0           0           0               0
     1103637556       SFR                               1     OO        PURCHASE              N                              6.75                 6.75             1000000              999999.6              12/1/2006             11/1/2036                     5625      360   72.73     CO                   2/1/2007        N                1375000                   1          0               5625                                                                               80304          12/21/2006              1      PF0630I_FIX-INTONLY                              0           1375000                            219178   88.67                        760           44.35     NO-PREPAY                                                       0           0           0               0
     1103637557       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              450000             449862.11               1/1/2007             12/1/2036                  2531.25      360   69.24     NJ                   2/1/2007        N                 650000                   1          0            2531.25                                                                               07604          12/21/2006              1      PF0630I_FIX-INTONLY                              0            650000                                 0   69.24                        688           48.44     NO-PREPAY                                                       0           0           0               0
     1103637558       SFR                               1     OO        REFI                  Y                              6.25                 6.25              590000                590000              12/1/2006             11/1/2036                  3072.92      360   69.01     CA                   2/1/2007        N                 855000                   1          0            3072.92                                                                               91016          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   69.01                        725          38.287     NO-PREPAY                                                       0           0           0               0
     1103637559       SFR                               1     OO        REFI                  N                               7.5                  7.5              612500                612500              12/1/2006             11/1/2036                  3828.13      360      70     IL                   2/1/2007        N                 875000                   1          0            3828.13                                                                               60618          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                            262500     100                        703          31.009     NO-PREPAY                                                       0           0           0               0
     1103637560       PUD                               1     OO        PURCHASE              N                             6.375                6.375              270000                270000              12/1/2006             11/1/2036                  1434.38      360    67.5     AZ                   2/1/2007        N                 438000                   1          0            1434.38                                                                               85024          12/21/2006              2      PF0630I_FIX-INTONLY                              0            400000                                 0    67.5                        722          26.941     NO-PREPAY                                                       0           0           0               0
     1103637561       PUD                               1     OO        PURCHASE              N                              6.25                 6.25             1000000             998815.99              12/1/2006             11/1/2036                  5208.33      360   66.67     VA                   2/1/2007        N                1600000                   1          0            5208.33                                                                               22066          12/21/2006              1      PF0630I_FIX-INTONLY                              0           1500000                            400000   93.34                        711            32.7     NO-PREPAY                                                       0           0           0               0
     1103637562       PUD                               1     OO        REFI                  N                               6.5                  6.5              860000                860000              12/1/2006             11/1/2036                  4658.33      360   66.16     AZ                   2/1/2007        N                1300000                   1          0            4658.33                                                                               85050          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   66.16                        706          40.765     NO-PREPAY                                                       0           0           0               0
     1103637563       SFR                               1     OO        REFI                  N                             6.375                6.375              344500                344500              12/1/2006             11/1/2036                  1830.16      360   65.13     NH                   2/1/2007        N                 529000                   1          0            1830.16                                                                               03249          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   65.13                        735           22.91     NO-PREPAY                                                       0           0           0               0
     1103637564       PUD                               1     OO        REFI                  Y                             6.125                6.125              485000                485000              12/1/2006             11/1/2036                  2475.52      360   64.67     VA                   2/1/2007        N                 750000                   1          0            2475.52                                                                               20136          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   64.67                        758          41.901     NO-PREPAY                                                       0           0           0               0
     1103637565       SFR                               1     OO        PURCHASE              N                              6.75                 6.75             1750000             1469887.5              12/1/2006             11/1/2036                  9843.75      360   64.82     TX                   2/1/2007        N                2800000                   1          0            9843.75                                                                               75205          12/21/2006              2      PF0630I_FIX-INTONLY                              0           2700000                                 0   64.82                        778          35.544     NO-PREPAY                                                       0           0           0               0
     1103637566       SFR                               1     OO        REFI                  Y                               6.5                  6.5              250000                250000               1/1/2007             12/1/2036                  1354.17      360   64.94     MD                   2/1/2007        N                 385000                   1          0            1354.17                                                                               21061          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   64.94                        730          26.637     NO-PREPAY                                                       0           0           0               0
     1103637567       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              475000                175000              12/1/2006             11/1/2036                  2572.92      360   63.34     CA                   2/1/2007        N                 750000                   1          0            2572.92                                                                               95215          12/21/2006              1      PF0630I_FIX-INTONLY                              0            750000                                 0   63.34                        724          47.837     NO-PREPAY                                                       0           0           0               0
     1103637568       SFR                               1     OO        REFI                  Y                             6.375                6.375              410000                409400              12/1/2006             11/1/2036                  2178.13      360   63.08     GA                   2/1/2007        N                 650000                   1          0            2178.13                                                                               31523          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   63.08                        778           34.97     NO-PREPAY                                                       0           0           0               0
     1103637569       SFR                               1     OO        REFI                  Y                               6.5                  6.5              500000                500000              12/1/2006             11/1/2036                  2708.33      360    62.5     MD                   2/1/2007        N                 800000                   1          0            2708.33                                                                               20878          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                             95238   74.41                        753          39.021     NO-PREPAY                                                       0           0           0               0
     1103637571       SFR                               1     OO        REFI                  N                               6.5                  6.5              850000                850000              12/1/2006             11/1/2036                  4604.17      360   61.38     NY                   2/1/2007        N                1385000                   1          0            4604.17                                                                               10901          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   61.38                        769          37.233     NO-PREPAY                                                       0           0           0               0
     1103637572       SFR                               1     OO        REFI                  Y                             6.375                6.375              492000                492000              12/1/2006             11/1/2036                  2613.75      360    61.5     CA                   2/1/2007        N                 800000                   1          0            2613.75                                                                               90505          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0    61.5                        731          37.925     NO-PREPAY                                                       0           0           0               0
     1103637573       PUD                               1     OO        REFI                  N                             6.375                6.375              560195                560195               1/1/2007             12/1/2036                  2976.04      360   59.92     SC                   2/1/2007        N                 935000                   1          0            2976.04                                                                               29449          12/21/2006              1      PF0630I_FIX-INTONLY                              0                 0                                 0   59.92                        688          43.199     NO-PREPAY                                                       0           0           0               0
     1103637574       SFR                               1     OO        REFI                  Y                               6.5                  6.5              590000             588999.89              12/1/2006             11/1/2036                  3195.83      360   58.02     DC                   2/1/2007        N                1017000                   1          0            3195.83                                                                               20008          12/21/2006              1      PF0630I_FIX-INTONLY                              0                 0                                 0   58.02                        793          35.921     NO-PREPAY                                                       0           0           0               0
     1103637575       SFR                               1     2ND       REFI                  N                              6.25                 6.25              389000                389000              12/1/2006             11/1/2036                  2026.04      360    58.5     CO                   2/1/2007        N                 665000                   1          0            2026.04                                                                               80478          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0    58.5                        770           34.63     NO-PREPAY                                                       0           0           0               0
     1103637576       SFR                               1     OO        PURCHASE              N                             6.625                6.625              263500                263500              12/1/2006             11/1/2036                  1454.74      360   56.85     NY                   2/1/2007        N                 470000                   1          0            1454.74                                                                               11040          12/21/2006              1      PF0630I_FIX-INTONLY                              0            463500                            198781   99.74                        740           39.72     NO-PREPAY                                                       0           0           0               0
     1103637577       CONDO                             1     OO        REFI                  Y                              6.75                 6.75               90000              89934.75              12/1/2006             11/1/2036                   506.25      360   55.91     NM                   2/1/2007        N                 161000                   1          0             506.25                                                                               87106          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   55.91                        699          21.435     NO-PREPAY                                                       0           0           0               0
     1103637578       SFR                               1     OO        REFI                  Y                             6.375                6.375              431000             430365.71              12/1/2006             11/1/2036                  2289.69      360   54.56     CA                   2/1/2007        N                 790000                   1          0            2289.69                                                                               95667          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   54.56                        700          35.336     NO-PREPAY                                                       0           0           0               0
     1103637579       SFR                               1     2ND       REFI                  Y                             6.375                6.375              685000                685000              12/1/2006             11/1/2036                  3639.06      360   53.52     DC                   2/1/2007        N                1280000                   1          0            3639.06                                                                               20007          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   53.52                        748          28.362     NO-PREPAY                                                       0           0           0               0
     1103637580       CONDO                             1     OO        PURCHASE              N                              6.75                 6.75              282000                282000              12/1/2006             11/1/2036                  1586.25      360   51.96     MD                   2/1/2007        N                 575000                   1          0            1586.25                                                                               21044          12/21/2006              2      PF0630I_FIX-INTONLY                              0            542761                                 0   51.96                        691          38.037     NO-PREPAY                                                       0           0           0               0
     1103637581       SFR                               1     OO        REFI                  N                               6.5                  6.5              514000             513358.52              12/1/2006             11/1/2036                  2784.17      360    50.9     CA                   2/1/2007        N                1010000                   1          0            2784.17                                                                               92677          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                            292274   79.83                        705           36.82     NO-PREPAY                                                       0           0           0               0
     1103637582       SFR                               1     OO        REFI                  Y                             6.625                6.625              650000                650000              12/1/2006             11/1/2036                  3588.54      360      50     NY                   2/1/2007        N                1300000                   1          0            3588.54                                                                               11566          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0      50                        707          39.037     NO-PREPAY                                                       0           0           0               0
     1103637583       SFR                               1     OO        REFI                  Y                              6.25                 6.25              550000              548997.4              12/1/2006             11/1/2036                  2864.58      360      50     MD                   2/1/2007        N                1100000                   1          0            2864.58                                                                               20817          12/21/2006              1      PF0630I_FIX-INTONLY                              0                 0                                 0      50                        700          38.621     NO-PREPAY                                                       0           0           0               0
     1103637584       PUD                               1     OO        REFI                  N                             6.875                6.875              850000             849385.43              10/1/2006              9/1/2036                  4869.79      360   48.19     MD                   2/1/2007        N                1764000                   1          0            4869.79                                                                               20905          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                            160000   57.26                        729          40.491     NO-PREPAY                                                       0           0           0               0
     1103637585       PUD                               1     OO        REFI                  N                             6.875                6.875              562000                562000               1/1/2007             12/1/2036                  3219.79      360   46.84     FL                   2/1/2007        N                1200000                   1          0            3219.79                                                                               33076          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   46.84                        694          36.357     NO-PREPAY                                                       0           0           0               0
     1103637586       SFR                               1     OO        REFI                  Y                             6.125                6.125              153500             152976.19              12/1/2006             11/1/2036                   783.49      360    44.5     VA                   2/1/2007        N                 345000                   1          0             783.49                                                                               23192          12/21/2006              1      PF0630I_FIX-INTONLY                              0                 0                                 0    44.5                        789          33.886     NO-PREPAY                                                       0           0           0               0
     1103637587       CONDO                             1     OO        REFI                  Y                             6.875                6.875              185500                185490              12/1/2006             11/1/2036                  1062.76      360   39.81     FL                   2/1/2007        N                 466000                   1          0            1062.76                                                                               32922          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   39.81                        729           35.59     NO-PREPAY                                                       0           0           0               0
     1103637588       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              396000             391980.47              12/1/2006             11/1/2021                  3395.39      180      80     IL                   2/1/2007        N                 510000                   1          0            3395.39                                                                               60614          12/21/2006              2      PF1615_FIXEDRATE                                 0            495000                                 0      80                        661           43.19     NO-PREPAY                                                       0           0           0               0
     1103637589       SFR                               1     OO        REFI                  Y                             6.875                6.875              392000             391006.35              12/1/2006             11/1/2036                  2575.16      360      80     NJ                   2/1/2007        N                 490000                   1          0            2575.16                                                                               08886          12/21/2006              1      PF1630_FIXEDRATE                                 0                 0                             49000      90                        641           44.94     NO-PREPAY                                                       0           0           0               0
     1103637590       SFR                               1     OO        REFI                  Y                              6.25                 6.25              255600             254868.65              12/1/2006             11/1/2036                  1573.77      360      80     ME                   2/1/2007        N                 319500                   1          0            1573.77                                                                               04062          12/21/2006              1      PF1630_FIXEDRATE                                 0                 0                             15975      85                        668          42.586     NO-PREPAY                                                       0           0           0               0
     1103637591       CONDO                             1     OO        REFI                  Y                             6.875                6.875              468000             467211.39               1/1/2007             12/1/2036                  3074.43      360      80     NJ                   2/1/2007        N                 585000                   1          0            3074.43                                                                               07030          12/21/2006              1      PF1630_FIXEDRATE                                 0                 0                                 0      80                        645          30.501     NO-PREPAY                                                       0           0           0               0
     1103637592       SFR                               1     OO        REFI                  Y                               6.5                  6.5              515200             514265.99               1/1/2007             12/1/2036                  3256.41      360      80     CA                   2/1/2007        N                 644000                   1          0            3256.41                                                                               95959          12/21/2006              1      PF1630_FIXEDRATE                                 0                 0                                 0      80                        640           31.75     NO-PREPAY                                                       0           0           0               0
     1103637593       SFR                               1     OO        REFI                  N                              6.75                 6.75              440000             438857.11              12/1/2006             11/1/2036                  2853.83      360   76.53     CA                   2/1/2007        N                 575000                   1          0            2853.83                                                                               96150          12/21/2006              1      PF1630_FIXEDRATE                                 0                 0                                 0   76.53                        680           37.95     NO-PREPAY                                                       0           0           0               0
     1103637594       SFR                               1     OO        REFI                  N                                 7                    7              437611             436163.56              11/1/2006             10/1/2036                  2911.44      360   74.43     FL                   2/1/2007        N                 588000                   1          0            2911.44                                                                               34120          12/21/2006              2      PF1630_FIXEDRATE                                 0                 0                                 0   74.43                        670          40.069     NO-PREPAY                                                       0           0           0               0
     1103637595       SFR                               1     OO        REFI                  Y                               6.5                  6.5              540000             538527.55              12/1/2006             11/1/2036                  3413.17      360      75     NJ                   2/1/2007        N                 720000                   1          0            3413.17                                                                               07663          12/21/2006              2      PF1630_FIXEDRATE                                 0                 0                                 0      75                        676           41.35     NO-PREPAY                                                       0           0           0               0
     1103637596       PUD                               1     OO        REFI                  N                               6.5                  6.5              424000             417822.15              12/1/2006             11/1/2036                  2679.97      360   73.74     MD                   2/1/2007        N                 575000                   1          0            2679.97                                                                               21601          12/21/2006              2      PF1630_FIXEDRATE                                 0                 0                                 0   73.74                        663          35.078     NO-PREPAY                                                       0           0           0               0
     1103637597       SFR                               1     OO        REFI                  Y                             6.875                6.875              270000             269545.04               1/1/2007             12/1/2036                  1773.71      360   72.98     FL                   2/1/2007        N                 370000                   1          0            1773.71                                                                               33410          12/21/2006              2      PF1630_FIXEDRATE                                 0                 0                                 0   72.98                        669           20.76     NO-PREPAY                                                       0           0           0               0
     1103637598       SFR                               1     OO        REFI                  N                               6.5                  6.5              840000             819114.27              12/1/2006             11/1/2036                  5309.37      360   64.62     NY                   2/1/2007        N                1300000                   1          0            5309.37                                                                               11223          12/21/2006              2      PF1630_FIXEDRATE                                 0                 0                                 0   64.62                        671           34.28     NO-PREPAY                                                       0           0           0               0
     1103637600       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              827600             825343.35              12/1/2006             11/1/2036                  5230.99      360   63.18     OR                   2/1/2007        N                1350000                   1          0            5230.99                                                                               97231          12/21/2006              1      PF1630_FIXEDRATE                                 0           1310000                            350000    89.9                        645          30.683     NO-PREPAY                                                       0           0           0               0
     1103637601       PUD                               1     OO        REFI                  N                             6.375                6.375             1000000             997206.61              12/1/2006             11/1/2036                   6238.7      360    62.5     NC                   2/1/2007        N                1600000                   1          0             6238.7                                                                               27614          12/21/2006              2      PF1630_FIXEDRATE                                 0                 0                                 0    62.5                        678          39.759     NO-PREPAY                                                       0           0           0               0
     1103637602       PUD                               1     OO        REFI                  N                             6.875                6.875              193000             192510.79              12/1/2006             11/1/2036                  1267.87      360   62.26     NV                   2/1/2007        N                 310000                   1          0            1267.87                                                                               89145          12/21/2006              1      PF1630_FIXEDRATE                                 0                 0                                 0   62.26                        643           36.78     NO-PREPAY                                                       0           0           0               0
     1103637603       PUD                               1     OO        REFI                  Y                             6.875                6.875              365000             363766.39              12/1/2006             11/1/2036                  2397.79      360   60.84     FL                   2/1/2007        N                 600000                   1          0            2397.79                                                                               32934          12/21/2006              2      PF1630_FIXEDRATE                                 0                 0                                 0   60.84                        666            32.3     NO-PREPAY                                                       0           0           0               0
     1103637604       SFR                               1     OO        REFI                  Y                             6.375                6.375              580000             578379.83              12/1/2006             11/1/2036                  3618.45      360      58     MD                   2/1/2007        N                1000000                   1          0            3618.45                                                                               21210          12/21/2006              2      PF1630_FIXEDRATE                                 0                 0                                 0      58                        677           44.99     NO-PREPAY                                                       0           0           0               0
     1103637605       PUD                               1     OO        REFI                  N                              6.25                 6.25              999000             996141.49              12/1/2006             11/1/2036                  6151.01      360   49.95     OR                   2/1/2007        N                2000000                   1          0            6151.01                                                                               97007          12/21/2006              1      PF1630_FIXEDRATE                                 0                 0                                 0   49.95                        642          49.081     NO-PREPAY                                                       0           0           0               0
     1103637606       SFR                               1     OO        REFI                  N                             6.625                6.625              510200              507924.3              10/1/2006              9/1/2036                  3266.87      360   44.37     NY                   2/1/2007        N                1150000                   1          0            3266.87                                                                               11746          12/21/2006              1      PF1630_FIXEDRATE                                 0                 0                                 0   44.37                        676          29.072     NO-PREPAY                                                       0           0           0               0
     1103637607       PUD                               1     OO        REFI                  N                               6.5                  6.5              270000                270000              12/1/2006             11/1/2036                   1462.5      360      90     CO                   2/1/2007        N                 300000                   1          0             1462.5                                                                               80022          12/21/2006              1      PF1430I_FIX-INTONLY                             25                 0                                 0      90                        688           39.13     NO-PREPAY                                                       0           0           0               0
     1103637608       PUD                               1     OO        PURCHASE              N                             7.125                7.125              103920                103920               1/1/2007             12/1/2036                   617.03      360      80     GA                   2/1/2007        N                 129900                   1          0             617.03                                                                               30121          12/21/2006              2      PF1630I_FIX-INTONLY                              0            129900                                 0      80                        668          27.932     NO-PREPAY                                                       0           0           0               0
     1103637609       PUD                               1     OO        PURCHASE              N                               6.5                  6.5              313040                313040              12/1/2006             11/1/2036                  1695.63      360      80     VA                   2/1/2007        N                 392000                   1          0            1695.63                                                                               23456          12/21/2006              1      PF1630I_FIX-INTONLY                              0            391300                             39130      90                        675          40.202     NO-PREPAY                                                       0           0           0               0
     1103637610       SFR                               1     OO        REFI                  Y                             6.625                6.625              400000                400000              12/1/2006             11/1/2036                  2208.33      360      80     MD                   2/1/2007        N                 500000                   1          0            2208.33                                                                               21074          12/21/2006              1      PF1630I_FIX-INTONLY                              0                 0                             50000      90                        669          43.036     NO-PREPAY                                                       0           0           0               0
     1103637611       SFR                               1     OO        REFI                  Y                             6.625                6.625              166400                166350               1/1/2007             12/1/2036                   918.67      360      80     FL                   2/1/2007        N                 208000                   1          0             918.67                                                                               33714          12/21/2006              1      PF1630I_FIX-INTONLY                              0                 0                                 0      80                        654          33.038     NO-PREPAY                                                       0           0           0               0
     1103637612       SFR                               1     OO        REFI                  N                             6.375                6.375              211000             210999.16              12/1/2006             11/1/2036                  1120.94      360   78.15     NV                   2/1/2007        N                 270000                   1          0            1120.94                                                                               89015          12/21/2006              2      PF1630I_FIX-INTONLY                              0                 0                                 0   78.15                        664          32.511     NO-PREPAY                                                       0           0           0               0
     1103637613       SFR                               1     2ND       REFI                  Y                             6.375                6.375              232663                232663               1/1/2007             12/1/2036                  1236.02      360   78.87     CA                   2/1/2007        N                 295000                   1          0            1236.02                                                                               93277          12/21/2006              2      PF1630I_FIX-INTONLY                              0                 0                                 0   78.87                        667          30.185     NO-PREPAY                                                       0           0           0               0
     1103637614       SFR                               1     OO        REFI                  Y                              6.75                 6.75              281250             281249.64               1/1/2007             12/1/2036                  1582.03      360      75     NC                   2/1/2007        N                 375000                   1          0            1582.03                                                                               28904          12/21/2006              2      PF1630I_FIX-INTONLY                              0                 0                                 0      75                        669           41.83     NO-PREPAY                                                       0           0           0               0
     1103637615       SFR                               1     OO        REFI                  Y                              6.75                 6.75              167000                167000              12/1/2006             11/1/2036                   939.38      360   70.47     VA                   2/1/2007        N                 237000                   1          0             939.38                                                                               23456          12/21/2006              1      PF1630I_FIX-INTONLY                              0                 0                                 0   70.47                        668           26.87     NO-PREPAY                                                       0           0           0               0
     1103637616       SFR                               1     OO        REFI                  Y                               6.5                  6.5              355000                355000              12/1/2006             11/1/2036                  1922.92      360   61.42     CA                   2/1/2007        N                 578000                   1          0            1922.92                                                                               93010          12/21/2006              2      PF1630I_FIX-INTONLY                              0                 0                                 0   61.42                        666          39.745     NO-PREPAY                                                       0           0           0               0
     1103637617       SFR                               1     OO        REFI                  N                               7.5                  7.5              257850                257850              12/1/2006             11/1/2036                  1611.56      360   60.25     NJ                   2/1/2007        N                 428000                   1          0            1611.56                                                                               07436          12/21/2006              2      PF1630I_FIX-INTONLY                              0                 0                                 0   60.25                        660          30.273     NO-PREPAY                                                       0           0           0               0
     1103637618       PUD                               1     OO        REFI                  Y                              6.75                 6.75              240000                240000               1/1/2007             12/1/2036                     1350      360   26.97     FL                   2/1/2007        N                 890000                   1          0               1350                                                                               33931          12/21/2006              2      PF1630I_FIX-INTONLY                              0                 0                                 0   26.97                        680           38.42     NO-PREPAY                                                       0           0           0               0
     1103637619       2-4FAMILY                         3     OO        REFI                  N                             6.625                6.625              424000             422871.53              12/1/2006             11/1/2036                  2714.92      360   70.67     NY                   2/1/2007        N                 600000                   1          0            2714.92                                                                               11207          12/21/2006              1      PF2630_FIXEDRATE                                 0                 0                                 0   70.67                        629          37.098     NO-PREPAY                                                       0           0           0               0
     1103637620       SFR                               1     OO        REFI                  N                             6.875                6.875              630000             627323.13              10/1/2006              9/1/2036                  4138.65      360      70     NY                   2/1/2007        N                 900000                   1          0            4138.65                                                                               10562          12/21/2006              1      PF2630_FIXEDRATE                                 0                 0                          96010.93   80.67                        647          50.913     NO-PREPAY                                                       0           0           0               0
     1103637621       PUD                               1     OO        PURCHASE              N                                 6                    6              507000             506999.97              12/1/2006             11/1/2036                     2535      360   79.89     MD                   2/1/2007        N                 641000                   1          0               2535                                                                               20759          12/21/2006              1      PF2630I_FIX-INTONLY                              0            634650                                 0   79.89                        633          35.853     NO-PREPAY                                                       0           0           0               0
     1103637622       CONDO                             1     2ND       REFI                  Y                               7.5                  7.5              220000             219983.36              12/1/2006             11/1/2036                     1375      360   73.83     FL                   2/1/2007        N                 298000                   1          0               1375                                                                               33912          12/21/2006              1      PF2630I_FIX-INTONLY                              0                 0                                 0   73.83                        629          44.833     NO-PREPAY                                                       0           0           0               0
     1103637623       CONDO                             1     OO        PURCHASE              N                              7.25                 7.25               94000              93778.67              12/1/2006             11/1/2036                   641.25      360     100     OH                   2/1/2007        N                  98000                   1          0             641.25                                                                               44133          12/21/2006              1      XF0430_FIXEDRATE                                35             94000                                 0     100                        797           27.34     NO-PREPAY                                                       0           0           0               0
     1103637624       CONDO                             1     OO        PURCHASE              N                             6.375                6.375              295000                295000              12/1/2006             11/1/2036                  1567.19      360     100     VA                   2/1/2007        N                 357000                   1          0            1567.19                                                                               23510          12/21/2006              1      XF0430I_FIX-INTONLY                             35            295000                                 0     100                        762          43.634     NO-PREPAY                                                       0           0           0               0
     1103637625       SFR                               1     OO        PURCHASE              N                               6.5                  6.5               66320              66137.14              12/1/2006             11/1/2036                   419.19      360      80     WA                   2/1/2007        N                  84000                   1          0             419.19                                                                               98902          12/21/2006              1      XF0630_FIXEDRATE                                 0             82900                             16580     100                        738          43.422     NO-PREPAY                                                       0           0           0               0
     1103637626       SFR                               1     OO        PURCHASE              N                             6.375                6.375             1500000            1163550.25               1/1/2007             12/1/2036                  7968.75      360   64.87     MD                   2/1/2007        N                2315000                   1          0            7968.75                                                                               20816          12/21/2006              1      XF0630I_FIX-INTONLY                              0           2312500                            200000   73.52                        759          48.677     NO-PREPAY                                                       0           0           0               0
     1103637627       PUD                               1     OO        REFI                  N                             6.375                6.375              752000             749899.38              12/1/2006             11/1/2036                   4691.5      360      80     CA                   2/1/2007        N                 940000                   1          0             4691.5                                                                               93446          12/21/2006              1      XF1630_FIXEDRATE                                 0                 0                             28200      83                        678          41.019     NO-PREPAY                                                       0           0           0               0
     1103637628       SFR                               1     OO        REFI                  N                               6.5                  6.5              791000             788843.13              12/1/2006             11/1/2036                  4999.66      360    79.9     CA                   2/1/2007        N                 990000                   1          0            4999.66                                                                               93727          12/21/2006              1      XF1630_FIXEDRATE                                 0                 0                                 0    79.9                        678          40.572     NO-PREPAY                                                       0           0           0               0
     1103637629       CONDO                             1     OO        PURCHASE              N                             7.625                7.625              571500                571500              12/1/2006             11/1/2036                  3631.41      360      90     FL                   2/1/2007        N                 680000                   1          0            3631.41                                                                               33160          12/21/2006              1      XF1630I_FIX-INTONLY                             25            635000                                 0      90                        650          31.585     NO-PREPAY                                                       0           0           0               0
     1103637630       D-PUDS                            1     OO        REFI                  N                              5.75                 5.75              490000                490000               2/1/2007              1/1/2037                  2347.92      360   58.34     CA                   2/1/2007        N                 840000                   1          3            2347.92                                                                               92627          12/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            125000   73.22                        721           48.13     3YR                                         1/1/2012            6           3           1               3
     1103637636       2-4FAMILY                         3     NOO       PURCHASE              N                             12.15                12.15               57375              57277.08               9/1/2006              8/1/2021                    596.8      180      15     CA                   2/1/2007        Y                 382500                   2          0              596.8                                                                               95207          12/15/2006              2      VB0630_BALLOON                                   0            382500                                 0      95                        735           29.92     NO-PREPAY                                                       0           0           0               0
     1103637657       SFR                               1     OO        PURCHASE              N                               5.5                  5.5              261600                261600               1/1/2007             12/1/2036                     1199      360      80     CA                   2/1/2007        N                 370000                   1          3               1199                                                                               92582            1/2/2007              2      PA1605EI_ARM-INTONLY                             0            327000                             65400     100                        665           42.43     1YR                                        12/1/2011            6           3           1               3
     1103637706       SFR                               1     OO        REFI                  N                                 7                    7              496000             495593.43               2/1/2007              1/1/2037                   3299.9      360      80     CA                   2/1/2007        N                 620000                   1          0             3299.9                                                                               92563            1/2/2007              2      PF1630_FIXEDRATE                                 0                 0                            124000     100                        674           47.41     3YR                                                             0           0           0               0
     1103637736       SFR                               1     OO        PURCHASE              N                             6.875                6.875              319900                319900               2/1/2007              1/1/2037                  1832.76      360      80     CA                   2/1/2007        N                 400000                   1          3            1832.76                                                                               91764          12/29/2006             17      PA0605EI_ARM-INTONLY                             0            399900                             80000     100                        724           43.75     3YR                                         1/1/2012            6           3           1               3
     1103637759       CONDO                             1     NOO       PURCHASE              N                             7.125                7.125              211400                211400               2/1/2007              1/1/2037                  1255.19      360      75     OR                   2/1/2007        N                 281900                   1          0            1255.19                                                                               97070          12/26/2006              2      PF0630I_FIX-INTONLY                              0            281900                             56400      95                        680            46.5     1YR                                                             0           0           0               0
     1103637769       CONDO                             1     NOO       PURCHASE              N                             12.99                12.99               56400              56387.07               2/1/2007              1/1/2022                   623.46      180   20.01     OR                   2/1/2007        Y                 281900                   2          0             623.46                                                                               97070          12/26/2006              2      TB0630_BALLOON                                   0            281900                                 0      95                        680            46.5     1YR                                                             0           0           0               0
     1103637790       SFR                               1     OO        REFI                  N                              6.75                 6.75              715000                715000               1/1/2007             12/1/2036                  4021.88      360   76.07     CA                   2/1/2007        N                 940000                   1        2.5            4021.88                                                                               90815          12/22/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0   76.07                        679           35.45     3YR                                        12/1/2011            6           3           1             2.5
     1103637803       D-PUDS                            1     OO        PURCHASE              N                             6.875                6.875              133125                132733               2/1/2007              1/1/2037                    762.7      360      75     TX                   2/1/2007        N                 187000                   1          0              762.7                                                                               76123          12/22/2006             12      SF0630I_FIX-INTONLY                              0            177500                                 0      75                        700               0     1YR                                                             0           0           0               0
     1103637814       SFR                               1     OO        PURCHASE              N                              11.5                 11.5               64250              64208.74               1/1/2007             12/1/2021                   636.26      180      20     FL                   2/1/2007        Y                 350120                   2          0             636.26                                                                               34787          12/14/2006              2      TB1630_BALLOON                                   0            321265                                 0     100                        672           41.39     NO-PREPAY                                                       0           0           0               0
     1103637816       SFR                               1     OO        PURCHASE              N                             11.75                11.75               43800              43734.38              12/1/2006             11/1/2021                   442.12      180      20     KS                   2/1/2007        Y                 230000                   2          0             442.12                                                                               66210          12/14/2006              2      TB1630_BALLOON                                   0            219000                                 0     100                        668           30.88     NO-PREPAY                                                       0           0           0               0
     1103637817       SFR                               1     OO        PURCHASE              N                                11                   11               96400              96330.94               1/1/2007             12/1/2021                   918.04      180      20     CA                   2/1/2007        Y                 483000                   2          0             918.04                                                                               90606          12/14/2006              2      TB1630_BALLOON                                   0            482000                                 0     100                        655           35.35     3YR                                                             0           0           0               0
     1103637866       CONDO                             1     NOO       PURCHASE              N                                13                   13              126500                126500              11/1/2006             10/1/2021                  1370.42      180      25     FL                   2/1/2007        Y                 506000                   2          0            1370.42                                                                               33401          11/30/2006              2      TB0630I_BALLOON-INTONLY                          0            506000                                 0      95                        706           38.63     1YR                                                             0           0           0               0
     1103637867       SFR                               1     NOO       PURCHASE              N                             13.25                13.25               77000              76932.32              11/1/2006             10/1/2021                   866.85      180      20     FL                   2/1/2007        Y                 385000                   2          0             866.85                                                                               34667          11/30/2006             12      UB0330_BALLOON                                   0            385000                                 0      90                        733               0     2YR                                                             0           0           0               0
     1103637873       D-PUDS                            1     OO        PURCHASE              N                                 6                    6              336958                336958               2/1/2007              1/1/2037                  1684.79      360      80     CA                   2/1/2007        N                 421200                   1          3            1684.79                                                                               92223          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            421197                             84239     100                        732           43.81     1YR                                         1/1/2012            6           3           1               3
     1103637960       SFR                               1     NOO       REFI                  Y                               7.6                  7.6              252000                252000               1/1/2007             12/1/2036                     1596      360      70     CA                   2/1/2007        N                 360000                   1          3               1596                                                                               93535          12/19/2006             17      PA1605EI_ARM-INTONLY                             0                 0                             72000      90                        658           42.54     1YR                                        12/1/2011            6           3           1               3
     1103637961       D-PUDS                            1     OO        PURCHASE              N                             6.875                6.875              144750                144750               2/1/2007              1/1/2037                    829.3      360      75     TX                   2/1/2007        N                 196000                   1          0              829.3                                                                               76123            1/4/2007             15      SF0630I_FIX-INTONLY                              0            193000                                 0      75                        716               0     1YR                                                             0           0           0               0
     1103637966       SFR                               1     OO        PURCHASE              N                             8.375                8.375              232750             232605.33               2/1/2007              1/1/2037                  1769.07      360      95     NJ                   2/1/2007        N                 245000                   1      4.125            1769.07                                                                               08879          12/29/2006             12      EA0605E_ARM                                     30            245000                                 0      95                        700               0     NO-PREPAY                                   1/1/2012            6           3           1           4.125
     1103637985       CONDO                             1     OO        REFI                  Y                              6.75                 6.75              344000                344000               2/1/2007              1/1/2037                     1935      360      80     CA                   2/1/2007        N                 430000                   1          3               1935                                                                               90813            1/3/2007              2      PA0605EI_ARM-INTONLY                             0                 0                             86000     100                        687           41.46     3YR                                         1/1/2012            6           3           1               3
     1103637989       D-PUDS                            1     OO        PURCHASE              N                              6.99                 6.99              336000                336000               2/1/2007              1/1/2037                   1957.2      360      80     CA                   2/1/2007        N                 444000                   1          3             1957.2                                                                               93610          12/18/2006              2      PA0605EI_ARM-INTONLY                             0            420000                             84000     100                        681           46.51     NO-PREPAY                                   1/1/2012            6           3           1               3
     1103638006       SFR                               1     OO        REFI                  Y                              6.75                 6.75              413000                413000               2/1/2007              1/1/2037                  2323.13      360   79.43     CA                   2/1/2007        N                 520000                   1          0            2323.13                                                                               92879          12/29/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   79.43                        754           36.54     3YR                                                             0           0           0               0
     1103638014       SFR                               1     OO        PURCHASE              N                               7.5                  7.5              336000                336000              12/1/2006             11/1/2036                     2100      360      80     CA                   2/1/2007        N                 425000                   1       2.75               2100                                                                               91766          12/20/2006              2      PA1605EI_ARM-INTONLY                             0            420000                             84000     100                        643           42.91     NO-PREPAY                                  11/1/2011            6           3           1             7.5
     1103638015       SFR                               1     NOO       PURCHASE              N                             8.125                8.125              208000                208000               1/1/2007             12/1/2036                  1408.33      360      80     MD                   2/1/2007        N                 325000                   1       2.75            1408.33                                                                               21230          12/20/2006              2      PA1605EI_ARM-INTONLY                             0            260000                             39000      95                        674            30.8     NO-PREPAY                                  12/1/2011            6           3           1           8.125
     1103638016       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              268000                268000              12/1/2006             11/1/2036                   1507.5      360      80     CA                   2/1/2007        N                 335000                   1       2.75             1507.5                                                                               92557          12/20/2006              2      PA1605EI_ARM-INTONLY                             0            335000                             50250      95                        662           38.92     3YR                                        11/1/2011            6           3           1            6.75
     1103638017       SFR                               1     OO        PURCHASE              N                             6.625                6.625              156000                156000               1/1/2007             12/1/2036                   861.25      360      80     CA                   2/1/2007        N                 210000                   1       2.75             861.25                                                                               92277          12/20/2006              2      XA0610DI_ARM-INTONLY                             0            195000                             39000     100                        721           43.31     3YR                                        12/1/2016            6           5           1           6.625
     1103638018       PUD                               1     OO        PURCHASE              N                               7.5                  7.5              121200             121019.54               1/1/2007             12/1/2036                   847.45      360      80     TX                   2/1/2007        N                 152000                   1       2.75             847.45                                                                               77082          12/20/2006              2      PA1605E_ARM                                      0            151500                             30300     100                        673           17.94     1YR                                        12/1/2011            6           3           1             7.5
     1103638019       SFR                               1     NOO       REFI                  Y                              7.25                 7.25              175000             174726.14               1/1/2007             12/1/2036                  1193.81      360   53.85     CA                   2/1/2007        N                 325000                   1       2.75            1193.81                                                                               90222          12/20/2006              2      BA3210D_ARM                                      0                 0                                 0   53.85                        601           23.43     3YR                                        12/1/2016            6           5           1            7.25
     1103638020       SFR                               1     NOO       REFI                  Y                             7.125                7.125              160000                160000               1/1/2007             12/1/2036                      950      360   69.57     CA                   2/1/2007        N                 230000                   1       2.75                950                                                                               93702          12/20/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   69.57                        705           22.08     3YR                                        12/1/2011            6           3           1           7.125
     1103638021       SFR                               1     NOO       PURCHASE              N                               9.5                  9.5               61224                 61224               1/1/2007             12/1/2036                   484.69      360      80     TN                   2/1/2007        N                  80000                   1       2.75             484.69                                                                               37914            1/5/2007              8      XA1605EI_ARM-INTONLY                             0             76531                             11479      95                        707               0     3YR                                        12/1/2011            6           3           1             9.5
     1103638022       PUD                               1     OO        REFI                  Y                             6.875                6.875              649000                649000               1/1/2007             12/1/2036                  3718.23      360   74.18     FL                   2/1/2007        N                 875000                   1       2.75            3718.23                                                                               34119          12/20/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   74.18                        705           42.32     3YR                                        12/1/2011            6           3           1            2.75
     1103638023       2-4FAMILY                         2     OO        PURCHASE              N                             7.125                7.125              440000                440000               1/1/2007             12/1/2036                   2612.5      360      80     CA                   2/1/2007        N                 550000                   1       2.75             2612.5                                                                               90061          12/20/2006              8      SA1605EI_ARM-INTONLY                             0            550000                            110000     100                        702               0     3YR                                        12/1/2011            6           3           1           7.125
     1103638024       SFR                               1     OO        PURCHASE              N                              7.75                 7.75              524000                524000               1/1/2007             12/1/2036                  3384.17      360      80     CA                   2/1/2007        N                 655000                   1       2.75            3384.17                                                                               92591          12/20/2006              8      SA1605EI_ARM-INTONLY                             0            655000                            131000     100                        745               0     1YR                                        12/1/2011            6           3           1            7.75
     1103638025       SFR                               1     OO        PURCHASE              N                             6.875                6.875              223200             223160.11               1/1/2007             12/1/2036                  1278.75      360      80     MN                   2/1/2007        N                 280000                   1       2.75            1278.75                                                                               55303          12/20/2006              2      PA1605EI_ARM-INTONLY                             0            279000                             55000   99.72                        675           36.31     3YR                                        12/1/2011            6           3           1           6.875
     1103638026       SFR                               1     NOO       PURCHASE              N                             7.875                7.875              124000                124000               1/1/2007             12/1/2036                   813.75      360      80     CA                   2/1/2007        N                 160000                   1      7.875             813.75                                                                               93523          12/20/2006              2      PA0605EI_ARM-INTONLY                             0            155000                             23250      95                        689           35.25     3YR                                        12/1/2011            6           3           1           7.875
     1103638028       2-4FAMILY                         3     OO        PURCHASE              N                             7.375                7.375              386400             385810.15               1/1/2007             12/1/2036                  2668.77      360      80     MA                   2/1/2007        N                 492000                   1       2.75            2668.77                                                                               02122          12/20/2006              1      BA1605E_ARM                                      0            483000                             96600     100                        661           39.23     NO-PREPAY                                  12/1/2011            6           3           1           7.375
     1103638029       PUD                               1     OO        REFI                  Y                              6.75                 6.75              187500                187500               1/1/2007             12/1/2036                  1054.69      360   79.45     FL                   2/1/2007        N                 236000                   1       2.75            1054.69                                                                               33838          12/20/2006              8      SA1605EI_ARM-INTONLY                             0                 0                                 0   79.45                        751               0     3YR                                        12/1/2011            6           3           1            6.75
     1103638032       SFR                               1     OO        PURCHASE              N                              7.75                 7.75              760000                760000               1/1/2007             12/1/2036                  4908.33      360      80     CA                   2/1/2007        N                1205000                   1       2.75            4908.33                                                                               90712          12/20/2006              8      XA2605EI_ARM-INTONLY                             0            950000                            190000     100                        664               0     NO-PREPAY                                  12/1/2011            6           3           1            7.75
     1103638033       SFR                               1     OO        PURCHASE              N                             7.125                7.125              292000             291531.59               1/1/2007             12/1/2036                  1967.26      360      80     CA                   2/1/2007        N                 387000                   1       2.75            1967.26                                                                               92376          12/20/2006              2      PA1605E_ARM                                      0            365000                             36500      90                        656           30.97     3YR                                        12/1/2011            6           3           1           7.125
     1103638034       CONDO                             1     NOO       PURCHASE              N                              8.25                 8.25              147526                147526               1/1/2007             12/1/2036                  1014.24      360      80     FL                   2/1/2007        N                 187000                   1       2.75            1014.24                                                                               24747          12/20/2006              2      PA0605EI_ARM-INTONLY                             0            184408                             27661      95                        702           31.51     3YR                                        12/1/2011            6           3           1            2.75
     1103638035       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              348000                348000               1/1/2007             12/1/2036                   1957.5      360      80     CA                   2/1/2007        N                 560000                   1       2.75             1957.5                                                                               92563          12/20/2006              2      PA0605EI_ARM-INTONLY                             0            435000                             87000     100                        765           36.47     3YR                                        12/1/2011            6           3           1            2.75
     1103638036       SFR                               1     OO        PURCHASE              N                               7.5                  7.5              364000                364000               1/1/2007             12/1/2036                     2275      360      80     CA                   2/1/2007        N                 455000                   1       2.75               2275                                                                               90640          12/20/2006              2      PA1605EI_ARM-INTONLY                             0            455000                             91000     100                        654           40.96     3YR                                        12/1/2011            6           3           1            2.75
     1103638037       SFR                               1     NOO       REFI                  Y                             8.375                8.375               88000                 88000               1/1/2007             12/1/2036                   614.17      360      80     IL                   2/1/2007        N                 110000                   1       2.75             614.17                                                                               60426            1/5/2007              2      PA1605EI_ARM-INTONLY                             0                 0                             16500      95                        678           26.47     NO-PREPAY                                  12/1/2011            6           3           1           8.375
     1103638038       SFR                               1     OO        PURCHASE              N                             7.125                7.125              425600                425600               1/1/2007             12/1/2036                     2527      360      80     CA                   2/1/2007        N                 545000                   1       2.75               2527                                                                               92027          12/20/2006              2      PA1605EI_ARM-INTONLY                             0            532000                            106400     100                        661           40.37     3YR                                        12/1/2011            6           3           1           7.125
     1103638039       PUD                               1     NOO       PURCHASE              N                              8.75                 8.75              281996                281996               1/1/2007             12/1/2036                  2056.22      360      80     CO                   2/1/2007        N                 360000                   1       2.75            2056.22                                                                               80134          12/20/2006              8      SA1605EI_ARM-INTONLY                             0            352496                             52875      95                        688               0     3YR                                        12/1/2011            6           3           1            8.75
     1103638040       CONDO                             1     OO        PURCHASE              N                              7.99                 7.99              261592                261592               1/1/2007             12/1/2036                  1741.77      360      80     CA                   2/1/2007        N                 327000                   1       2.75            1741.77                                                                               92019          12/20/2006              2      PA1605EI_ARM-INTONLY                             0            326990                             65398     100                        652            48.6     NO-PREPAY                                  12/1/2011            6           3           1            7.99
     1103638041       SFR                               1     OO        PURCHASE              N                              7.99                 7.99              432000                432000               1/1/2007             12/1/2036                   2876.4      360      80     CA                   2/1/2007        N                 540000                   1       2.75             2876.4                                                                               93551          12/20/2006              8      SA2605EI_ARM-INTONLY                             0            540000                            108000     100                        672               0     1YR                                        12/1/2011            6           3           1            7.99
     1103638042       2-4FAMILY                         4     OO        PURCHASE              N                             7.875                7.875              692000                692000               1/1/2007             12/1/2036                  4541.25      360      80     CA                   2/1/2007        N                 883000                   1       2.75            4541.25                                                                               90045          12/20/2006              8      XA1605EI_ARM-INTONLY                             0            865000                            173000     100                        753               0     1YR                                        12/1/2011            6           3           1           7.875
     1103638043       SFR                               1     OO        PURCHASE              N                              6.99                 6.99              352000                352000               1/1/2007             12/1/2036                   2050.4      360      80     CA                   2/1/2007        N                 460000                   1       2.75             2050.4                                                                               91702          12/20/2006              2      PA1605EI_ARM-INTONLY                             0            440000                             88000     100                        656           40.85     3YR                                        12/1/2011            6           3           1            6.99
     1103638044       SFR                               1     OO        REFI                  Y                              6.99                 6.99              368000                368000               1/1/2007             12/1/2036                   2143.6      360      80     CA                   2/1/2007        N                 460000                   1       2.75             2143.6                                                                               92113          12/20/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             83000   98.05                        649           41.72     3YR                                        12/1/2011            6           3           1            6.99
     1103638047       2-4FAMILY                         3     NOO       REFI                  Y                                 7                    7              220000                220000               1/1/2007             12/1/2036                  1283.33      360   75.87     CT                   2/1/2007        N                 290000                   1       2.75            1283.33                                                                               06418          12/20/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   75.87                        720           33.89     3YR                                        12/1/2011            6           3           1               7
     1103638048       SFR                               1     NOO       PURCHASE              N                             6.625                6.625            202310.4             201952.43               1/1/2007             12/1/2036                  1295.42      360      80     FL                   2/1/2007        N                 254000                   1       2.75            1295.42                                                                               33024          12/20/2006             12      XA1605E_ARM                                      0            252888                                 0      80                        739               0     3YR                                        12/1/2011            6           3           1           6.625
     1103638049       2-4FAMILY                         3     OO        PURCHASE              N                             7.625                7.625              416000                416000              12/1/2006             11/1/2036                  2643.33      360      80     CA                   2/1/2007        N                 540000                   1       2.75            2643.33                                                                               90744          12/20/2006              2      PA0605EI_ARM-INTONLY                             0            520000                            104000     100                        685           43.39     NO-PREPAY                                  11/1/2011            6           3           1           7.625
     1103638051       2-4FAMILY                         4     OO        PURCHASE              N                             8.375                8.375              560000                560000              12/1/2006             11/1/2036                  3908.33      360      80     CA                   2/1/2007        N                 700000                   1       2.75            3908.33                                                                               90255          12/20/2006              2      PA1605EI_ARM-INTONLY                             0            700000                            140000     100                        669           44.35     NO-PREPAY                                  11/1/2011            6           3           1           8.375
     1103638052       PUD                               1     OO        PURCHASE              N                             6.625                6.625              367920                367920              12/1/2006             11/1/2036                  2031.23      360      80     CA                   2/1/2007        N                 475000                   1       2.75            2031.23                                                                               92595          12/20/2006              2      PA0605EI_ARM-INTONLY                             0            459900                             91980     100                        721           49.51     3YR                                        11/1/2011            6           3           1           6.625
     1103638054       SFR                               1     OO        PURCHASE              N                             7.375                7.375              384000                384000               1/1/2007             12/1/2036                     2360      360      80     CA                   2/1/2007        N                 481000                   1       2.75               2360                                                                               91307          12/20/2006              8      SA2605EI_ARM-INTONLY                             0            480000                             96000     100                        661               0     NO-PREPAY                                  12/1/2011            6           3           1           7.375
     1103638055       CONDO                             1     OO        REFI                  Y                             7.375                7.375              189600                189600               1/1/2007             12/1/2036                  1165.25      360      80     WA                   2/1/2007        N                 237000                   1       2.75            1165.25                                                                               98034          12/20/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             47400     100                        679           27.61     1YR                                        12/1/2011            6           3           1           7.375
     1103638056       SFR                               1     OO        REFI                  Y                              6.99                 6.99              220000                220000              12/1/2006             11/1/2036                   1281.5      360      80     CA                   2/1/2007        N                 275000                   1       2.75             1281.5                                                                               93304          12/20/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             41250      95                        720            43.2     NO-PREPAY                                  11/1/2011            6           3           1            6.99
     1103638057       SFR                               1     OO        REFI                  Y                               6.5                  6.5              264000                264000               1/1/2007             12/1/2036                     1430      360      80     CA                   2/1/2007        N                 330000                   1       2.75               1430                                                                               95822          12/20/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             66000     100                        653            37.1     3YR                                        12/1/2011            6           3           1             6.5
     1103638058       2-4FAMILY                         3     OO        PURCHASE              N                                 7                    7              560000                560000              12/1/2006             11/1/2036                  3266.67      360      80     CA                   2/1/2007        N                 700000                   1       2.75            3266.67                                                                               90805          12/20/2006              2      PA0605EI_ARM-INTONLY                             0            700000                            140000     100                        712           45.82     3YR                                        11/1/2011            6           3           1               7
     1103638061       PUD                               1     NOO       REFI                  Y                             7.875                7.875              197600                197600               1/1/2007             12/1/2036                  1296.75      360      80     CA                   2/1/2007        N                 247000                   1       2.75            1296.75                                                                               92408          12/20/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             37050      95                        666           17.43     3YR                                        12/1/2011            6           3           1           7.875
     1103638062       2-4FAMILY                         3     OO        PURCHASE              N                             7.125                7.125              428000                428000               1/1/2007             12/1/2036                  2541.25      360      80     CA                   2/1/2007        N                 615000                   1       2.75            2541.25                                                                               90731          12/20/2006              8      SA1605EI_ARM-INTONLY                             0            535000                            107000     100                        701               0     3YR                                        12/1/2011            6           3           1           7.125
     1103638063       SFR                               1     OO        REFI                  Y                             6.875                6.875              168000             167999.63               1/1/2007             12/1/2036                    962.5      360      80     NE                   2/1/2007        N                 210000                   1       2.75              962.5                                                                               68138          12/20/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             42000     100                        677           38.55     3YR                                        12/1/2011            6           3           1           6.875
     1103638064       SFR                               1     OO        REFI                  N                               7.5                  7.5              190000                190000              12/1/2006             11/1/2036                   1187.5      360      80     CA                   2/1/2007        N                 237500                   1       2.75             1187.5                                                                               93308          12/20/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             23750      90                        654           44.17     3YR                                        11/1/2011            6           3           1             7.5
     1103638065       SFR                               1     NOO       REFI                  Y                             7.375                7.375              191100             191071.29               1/1/2007             12/1/2036                  1174.47      360      65     MD                   2/1/2007        N                 294000                   1       2.75            1174.47                                                                               21224          12/20/2006             17      PA0605EI_ARM-INTONLY                             0                 0                                 0      65                        715           24.74     3YR                                        12/1/2011            6           3           1           7.375
     1103638084       CONDO                             1     NOO       PURCHASE              N                             6.625                6.625              153750                153750               2/1/2007              1/1/2037                   848.83      360      75     CA                   2/1/2007        N                 233000                   1          3             848.83                                                                               92064          12/22/2006              2      PA0605EI_ARM-INTONLY                             0            205000                             41000      95                        725           44.81     NO-PREPAY                                   1/1/2012            6           3           1               3
     1103638087       CONDO                             1     NOO       PURCHASE              N                             12.75                12.75               41000              40990.09               2/1/2007              1/1/2022                   445.54      180      20     CA                   2/1/2007        Y                 233000                   2          0             445.54                                                                               92064          12/22/2006              2      TB0630_BALLOON                                   0            205000                                 0      95                        725           44.81     NO-PREPAY                                                       0           0           0               0
     1103638138       SFR                               1     OO        REFI                  Y                             6.375                6.375              479500             478163.35              12/1/2006             11/1/2036                  2991.46      360      70     CA                   2/1/2007        N                 685000                   1       2.25            2991.46                                                                               94044          12/12/2006              1      XA0605D_ARM                                      0                 0                                 0      70                        732           42.86     1YR                                        11/1/2011            5           5           2            2.25
     1103638139       SFR                               1     OO        REFI                  Y                              5.75                 5.75              121550             121538.62              12/1/2006             11/1/2036                   582.43      360   67.53     AZ                   2/1/2007        N                 180000                   1       2.25             582.43                                                                               85033           12/6/2006              1      XA0605DI_ARM-INTONLY                             0                 0                                 0   67.53                        691           44.67     1YR                                        11/1/2011            5           5           2            2.25
     1103638140       PUD                               1     OO        REFI                  Y                                 6                    6              190000                190000              12/1/2006             11/1/2036                      950      360   49.36     AZ                   2/1/2007        N                 385000                   1       2.25                950                                                                               85296           12/6/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0   49.36                        761           20.69     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103638141       SFR                               1     OO        REFI                  Y                                 6                    6              350000                350000               1/1/2007             12/1/2036                     1750      360    40.7     CA                   2/1/2007        N                 860000                   1       2.25               1750                                                                               94542          12/12/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0    40.7                        791            21.6     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103638142       SFR                               1     OO        REFI                  Y                               6.5                  6.5              375000                375000               1/1/2007             12/1/2036                  2031.25      360      75     CA                   2/1/2007        N                 500000                   1       2.25            2031.25                                                                               94520           12/6/2006              2      XA0605DI_ARM-INTONLY                             0                 0                             70000      89                        747           43.66     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103638143       SFR                               1     OO        REFI                  Y                               6.5                  6.5              315000                315000               1/1/2007             12/1/2036                  1706.25      360   72.09     VA                   2/1/2007        N                 437000                   1       2.25            1706.25                                                                               22150           12/6/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0   72.09                        793              35     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103638145       SFR                               1     OO        REFI                  Y                             6.875                6.875              380000                380000               1/1/2007             12/1/2036                  2177.08      360   79.17     CA                   2/1/2007        N                 480000                   1       3.25            2177.08                                                                               92071           12/6/2006              2      XA1605DI_ARM-INTONLY                             0                 0                             48000   89.17                        666           36.09     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103638146       PUD                               1     OO        REFI                  N                               6.5                  6.5              508000                508000               1/1/2007             12/1/2036                  2751.67      360      80     CA                   2/1/2007        N                 635000                   1       3.25            2751.67                                                                               92154           12/6/2006              2      XA0605DI_ARM-INTONLY                             0                 0                            127000     100                        713            41.4     3YR                                        12/1/2011            5           5           2            3.25
     1103638147       SFR                               1     OO        REFI                  Y                             6.875                6.875              368000                368000               1/1/2007             12/1/2036                  2108.33      360   75.88     CA                   2/1/2007        N                 485000                   1       3.25            2108.33                                                                               95407           12/6/2006              2      XA0605DI_ARM-INTONLY                             0                 0                             45000   85.16                        686           49.78     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103638148       SFR                               1     OO        PURCHASE              N                             6.375                6.375              394400                394400               1/1/2007             12/1/2036                  2095.25      360      80     CA                   2/1/2007        N                 493000                   1       3.25            2095.25                                                                               95405           12/6/2006              8      XA0605DI_ARM-INTONLY                             0            493000                             98600     100                        705               0     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103638149       SFR                               1     OO        REFI                  Y                             6.375                6.375              956000                956000               1/1/2007             12/1/2036                  5078.75      360   48.41     CA                   2/1/2007        N                1975000                   1       3.25            5078.75                                                                               92008          12/12/2006              8      XA1605DI_ARM-INTONLY                             0                 0                                 0   48.41                        670               0     1YR                                        12/1/2011            5           5           2            3.25
     1103638150       CONDO                             1     OO        REFI                  Y                              6.75                 6.75              145000             144999.99               1/1/2007             12/1/2036                   815.63      360   73.24     AZ                   2/1/2007        N                 198000                   1       3.25             815.63                                                                               85209           12/6/2006             12      XA0605DI_ARM-INTONLY                             0                 0                                 0   73.24                        738               0     3YR                                        12/1/2011            5           5           2            3.25
     1103638151       SFR                               1     OO        REFI                  Y                             6.625                6.625              417000             416994.12              12/1/2006             11/1/2036                  2302.19      360   77.95     CA                   2/1/2007        N                 535000                   1       3.25            2302.19                                                                               92119           12/6/2006              2      XA0605DI_ARM-INTONLY                             0                 0                             99992   96.64                        724           40.05     3YR                                        11/1/2011            5           5           2            3.25
     1103638153       SFR                               1     OO        PURCHASE              N                             6.625                6.625              506000             505993.54               1/1/2007             12/1/2036                  2793.54      360      80     CA                   2/1/2007        N                 650000                   1       3.25            2793.54                                                                               90028          12/12/2006              2      XA0605DI_ARM-INTONLY                             0            632500                            126500     100                        724           44.05     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103638154       PUD                               1     OO        PURCHASE              N                             6.375                6.375              575200                575200               1/1/2007             12/1/2036                  3055.75      360      80     CA                   2/1/2007        N                 719000                   1       3.25            3055.75                                                                               92253           12/6/2006              2      XA0605DI_ARM-INTONLY                             0            719000                            143800     100                        704           43.85     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103638155       PUD                               1     OO        PURCHASE              N                             6.375                6.375              255900                255900               1/1/2007             12/1/2036                  1359.47      360      80     AZ                   2/1/2007        N                 334000                   1       3.25            1359.47                                                                               85297           12/6/2006              2      XA0605DI_ARM-INTONLY                             0            319900                             64012     100                        744           36.69     3YR                                        12/1/2011            5           5           2            3.25
     1103638157       SFR                               1     OO        REFI                  Y                             6.625                6.625              224000                224000               1/1/2007             12/1/2036                  1236.67      360      80     NH                   2/1/2007        N                 280000                   1       3.25            1236.67                                                                               03833          12/12/2006              2      XA0605DI_ARM-INTONLY                             0                 0                             56000     100                        681              40     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103638158       SFR                               1     OO        PURCHASE              N                             6.625                6.625              278120                278120               1/1/2007             12/1/2036                  1535.45      360      80     MA                   2/1/2007        N                 355000                   1       3.25            1535.45                                                                               01701           12/6/2006              8      XA0605DI_ARM-INTONLY                             0            347650                             69530     100                        749               0     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103638159       CONDO                             1     OO        PURCHASE              N                             6.375                6.375              176000                176000              12/1/2006             11/1/2036                      935      360      80     AZ                   2/1/2007        N                 220000                   1       3.25                935                                                                               85233           12/6/2006              2      XA0605DI_ARM-INTONLY                             0            220000                             44000     100                        734           41.71     3YR                                        11/1/2011            5           5           2            3.25
     1103638161       CONDO                             1     OO        PURCHASE              N                             6.875                6.875              261600                261600               1/1/2007             12/1/2036                  1498.75      360      80     MA                   2/1/2007        N                 330000                   1       3.25            1498.75                                                                               02124           12/6/2006              8      XA0605DI_ARM-INTONLY                             0            327000                             65400     100                        745               0     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103638162       SFR                               1     OO        REFI                  N                             6.625                6.625              384000                384000               1/1/2007             12/1/2036                     2120      360      80     CA                   2/1/2007        N                 480000                   1       3.25               2120                                                                               94533          12/12/2006              8      XA0605DI_ARM-INTONLY                             0                 0                             48000      90                        702               0     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103638163       SFR                               1     OO        REFI                  N                             6.375                6.375              592000                592000              12/1/2006             11/1/2036                     3145      360      80     CA                   2/1/2007        N                 740000                   1       3.25               3145                                                                               94558           12/6/2006              8      XA0605DI_ARM-INTONLY                             0                 0                            127946   97.29                        753               0     NO-PREPAY                                  11/1/2011            5           5           2            3.25
     1103638164       SFR                               1     OO        REFI                  Y                             6.625                6.625              406000                406000               1/1/2007             12/1/2036                  2241.46      360      70     MD                   2/1/2007        N                 580000                   1       3.25            2241.46                                                                               20910           12/6/2006              8      XA1605DI_ARM-INTONLY                             0                 0                            116000      90                        675               0     1YR                                        12/1/2011            5           5           2            3.25
     1103638165       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              164000                164000              12/1/2006             11/1/2036                    922.5      360      80     NH                   2/1/2007        N                 215000                   1       3.25              922.5                                                                               03109           12/6/2006              2      XA0605DI_ARM-INTONLY                             0            205000                             41000     100                        727           49.96     NO-PREPAY                                  11/1/2011            5           5           2            3.25
     1103638166       CONDO                             1     NOO       REFI                  N                             6.375                6.375              214500                214500               1/1/2007             12/1/2036                  1139.53      360      65     CA                   2/1/2007        N                 330000                   1       3.25            1139.53                                                                               90717          12/12/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0      65                        755              50     3YR                                        12/1/2011            5           5           2            3.25
     1103638167       PUD                               1     OO        PURCHASE              N                             6.375                6.375              179100                179100               1/1/2007             12/1/2036                   951.47      360      80     AZ                   2/1/2007        N                 234000                   1       3.25             951.47                                                                               85381           12/6/2006              8      XA0605DI_ARM-INTONLY                             0            223900                             44802     100                        713               0     3YR                                        12/1/2011            5           5           2            3.25
     1103638169       TOWNHOUSE                         1     OO        PURCHASE              N                             6.375                6.375              360000                360000               1/1/2007             12/1/2036                   1912.5      360      80     VA                   2/1/2007        N                 460000                   1       3.25             1912.5                                                                               20105          12/12/2006              2      XA0605DI_ARM-INTONLY                             0            450000                             90000     100                        698              40     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103638170       PUD                               1     OO        PURCHASE              N                               6.5                  6.5              456000                456000               1/1/2007             12/1/2036                     2470      360      80     CA                   2/1/2007        N                 575000                   1       3.25               2470                                                                               92127           12/6/2006              2      XA0605DI_ARM-INTONLY                             0            570000                            114000     100                        736           38.24     3YR                                        12/1/2011            5           5           2            3.25
     1103638171       SFR                               1     OO        REFI                  N                              6.75                 6.75              637500                637500               1/1/2007             12/1/2036                  3585.94      360      75     CT                   2/1/2007        N                 850000                   1       3.25            3585.94                                                                               06405           12/6/2006              2      XA1605DI_ARM-INTONLY                             0                 0                            127500      90                        659           42.03     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103638172       SFR                               1     NOO       REFI                  Y                               6.5                  6.5              315000                315000               1/1/2007             12/1/2036                  1706.25      360    52.5     CA                   2/1/2007        N                 600000                   1       3.25            1706.25                                                                               95492           12/6/2006             12      XA0605DI_ARM-INTONLY                             0                 0                                 0    52.5                        713               0     1YR                                        12/1/2011            5           5           2            3.25
     1103638173       CONDO                             1     OO        PURCHASE              N                              6.75                 6.75              161600                161600              12/1/2006             11/1/2036                      909      360      80     MA                   2/1/2007        N                 205000                   1       3.25                909                                                                               01702           12/6/2006              8      XA0605DI_ARM-INTONLY                             0            202000                             40400     100                        741               0     NO-PREPAY                                  11/1/2011            5           5           2            3.25
     1103638174       SFR                               1     NOO       REFI                  Y                              6.75                 6.75              177500                177500              12/1/2006             11/1/2036                   998.44      360   72.45     AZ                   2/1/2007        N                 245000                   1       3.25             998.44                                                                               85208           12/6/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0   72.45                        751           42.94     3YR                                        11/1/2011            5           5           2            3.25
     1103638179       CONDO                             1     OO        REFI                  N                               6.5                  6.5              341600                341600               1/1/2007             12/1/2036                  1850.33      360      80     CA                   2/1/2007        N                 427000                   1       3.25            1850.33                                                                               91913           12/6/2006              2      XA0605DI_ARM-INTONLY                             0                 0                             85400     100                        703           42.98     1YR                                        12/1/2011            5           5           2            3.25
     1103638180       PUD                               1     OO        PURCHASE              N                             6.125                6.125              304000                304000               1/1/2007             12/1/2036                  1551.67      360      80     CA                   2/1/2007        N                 399000                   1       3.25            1551.67                                                                               95677           12/6/2006              2      XA0605DI_ARM-INTONLY                             0            380000                             76000     100                        750           43.65     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103638181       HI-RISE                           1     OO        PURCHASE              N                              6.25                 6.25              312800                312800               1/1/2007             12/1/2036                  1629.17      360      80     CA                   2/1/2007        N                 391000                   1       3.25            1629.17                                                                               94706           12/6/2006              2      XA0605DI_ARM-INTONLY                             0            391000                             78200     100                        743           41.42     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103638202       SFR                               1     OO        REFI                  Y                               6.5                  6.5              510000                510000              12/1/2006             11/1/2036                   2762.5      360      75     CA                   2/1/2007        N                 680000                   1       2.25             2762.5                                                                               92624          12/21/2006             17      PA0605EI_ARM-INTONLY                             0                 0                                 0      75                        694           38.93     3YR                                        11/1/2011            6           6           2            2.25
     1103638203       SFR                               1     OO        REFI                  N                               6.5                  6.5              255200                255200              12/1/2006             11/1/2036                  1382.33      360   79.75     NV                   2/1/2007        N                 320000                   1       2.25            1382.33                                                                               89156          12/21/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             63800   99.69                        732           38.57     3YR                                        11/1/2011            6           6           2            2.25
     1103638205       SFR                               1     OO        REFI                  Y                             6.625                6.625              355000             354371.86              12/1/2006             11/1/2036                   1959.9      360   63.97     CA                   2/1/2007        N                 555000                   1       2.25             1959.9                                                                               90280          12/21/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   63.97                        714           40.59     3YR                                        11/1/2011            6           6           2            2.25
     1103638206       PUD                               1     OO        PURCHASE              N                             6.625                6.625              360400                360400              12/1/2006             11/1/2036                  1989.71      360   79.99     CA                   2/1/2007        N                 451000                   1       2.25            1989.71                                                                               92530          12/21/2006              8      SA0605EI_ARM-INTONLY                             0            450579                             22529   84.99                        716               0     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103638207       SFR                               1     OO        PURCHASE              N                             6.625                6.625              440000                440000              12/1/2006             11/1/2036                  2429.17      360      80     MD                   2/1/2007        N                 600000                   1       2.25            2429.17                                                                               21037          12/21/2006              2      PA0605EI_ARM-INTONLY                             0            550000                            110000     100                        700           42.48     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103638208       SFR                               1     OO        PURCHASE              N                             6.625                6.625              212000                212000              12/1/2006             11/1/2036                  1170.42      360      80     MD                   2/1/2007        N                 265000                   1       2.25            1170.42                                                                               21227          12/21/2006              2      PA0605EI_ARM-INTONLY                             0            265000                             53000     100                        725            30.4     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103638209       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              384000             383002.55              12/1/2006             11/1/2036                  2490.62      360      80     CA                   2/1/2007        N                 485000                   1       2.25            2490.62                                                                               92592          12/21/2006              8      SA0605E_ARM                                      0            480000                             96000     100                        746               0     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103638210       SFR                               1     OO        REFI                  Y                              6.75                 6.75              320000                320000              12/1/2006             11/1/2036                     1800      360      80     CA                   2/1/2007        N                 400000                   1       2.25               1800                                                                               91767          12/21/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        705           48.83     3YR                                        11/1/2011            6           6           2            2.25
     1103638211       SFR                               1     OO        REFI                  Y                              6.75                 6.75              356000                356000              12/1/2006             11/1/2036                   2002.5      360      80     CA                   2/1/2007        N                 445000                   1       2.25             2002.5                                                                               93550          12/21/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             22250      85                        645            41.5     3YR                                        11/1/2011            6           6           2            2.25
     1103638212       PUD                               1     OO        REFI                  N                              6.75                 6.75              400000                400000              12/1/2006             11/1/2036                     2250      360   66.67     AZ                   2/1/2007        N                 600000                   1       2.25               2250                                                                               85340          12/21/2006             17      PA0605EI_ARM-INTONLY                             0                 0                            125021   87.51                        719           36.46     3YR                                        11/1/2011            6           6           2            2.25
     1103638213       PUD                               1     OO        REFI                  Y                              6.75                 6.75              500000                500000              12/1/2006             11/1/2036                   2812.5      360      80     NV                   2/1/2007        N                 625000                   1       2.25             2812.5                                                                               89434          12/21/2006              1      PA0605EI_ARM-INTONLY                             0                 0                            125000     100                        689           45.38     3YR                                        11/1/2011            6           6           2            2.25
     1103638214       SFR                               1     NOO       REFI                  Y                              6.75                 6.75               50000                 50000              12/1/2006             11/1/2036                   281.25      360      20     CA                   2/1/2007        N                 250000                   1       2.25             281.25                                                                               95340          12/21/2006              2      XA0605EI_ARM-INTONLY                             0                 0                                 0      20                        750           23.73     3YR                                        11/1/2011            6           6           2            2.25
     1103638215       SFR                               1     OO        PURCHASE              N                             6.875                6.875              296000                296000              12/1/2006             11/1/2036                  1695.83      360      80     CA                   2/1/2007        N                 385000                   1       2.25            1695.83                                                                               93536          12/21/2006              2      PA1605EI_ARM-INTONLY                             0            370000                             74000     100                        653           47.99     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103638216       SFR                               1     OO        REFI                  Y                             6.875                6.875              252000                252000              12/1/2006             11/1/2036                  1443.75      360   64.62     CA                   2/1/2007        N                 390000                   1       2.25            1443.75                                                                               92501          12/21/2006             12      SA0605EI_ARM-INTONLY                             0                 0                                 0   64.62                        705               0     3YR                                        11/1/2011            6           6           2            2.25
     1103638217       SFR                               1     NOO       REFI                  Y                             6.875                6.875              204000             203482.91              12/1/2006             11/1/2036                  1340.13      360      80     CA                   2/1/2007        N                 255000                   1       2.25            1340.13                                                                               93223          12/21/2006              2      PA0605E_ARM                                      0                 0                                 0      80                        762           47.96     3YR                                        11/1/2011            6           6           2            2.25
     1103638218       SFR                               1     NOO       REFI                  Y                             6.875                6.875              196400             195902.15              12/1/2006             11/1/2036                  1290.21      360      80     CA                   2/1/2007        N                 245500                   1       2.25            1290.21                                                                               93223          12/21/2006              2      PA0605E_ARM                                      0                 0                                 0      80                        762           47.96     3YR                                        11/1/2011            6           6           2            2.25
     1103638219       SFR                               1     OO        PURCHASE              N                                 7                    7              236000                236000              12/1/2006             11/1/2036                  1376.67      360      80     CA                   2/1/2007        N                 305000                   1       2.25            1376.67                                                                               92553          12/21/2006              2      PA0605EI_ARM-INTONLY                             0            295000                             59000     100                        701            40.6     3YR                                        11/1/2011            6           6           2            2.25
     1103638220       SFR                               1     OO        REFI                  Y                                 7                    7              506000                506000               1/1/2007             12/1/2036                  2951.67      360   79.94     CA                   2/1/2007        N                 633000                   1       2.25            2951.67                                                                               91107          12/21/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0   79.94                        676           46.25     3YR                                        12/1/2011            6           6           2            2.25
     1103638221       PUD                               1     OO        PURCHASE              N                                 7                    7              196000                196000               1/1/2007             12/1/2036                  1143.33      360      80     AZ                   2/1/2007        N                 245000                   1       2.25            1143.33                                                                               85037          12/21/2006              8      SA2605EI_ARM-INTONLY                             0            245000                             24500      90                        678               0     3YR                                        12/1/2011            6           6           2            2.25
     1103638222       SFR                               1     OO        REFI                  Y                                 7                    7              181600                181600              12/1/2006             11/1/2036                  1059.33      360      80     AZ                   2/1/2007        N                 227000                   1       2.25            1059.33                                                                               85009          12/21/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        644           40.56     3YR                                        11/1/2011            6           6           2            2.25
     1103638223       SFR                               1     OO        REFI                  Y                                 7                    7              364000                364000               1/1/2007             12/1/2036                  2123.33      360      80     CA                   2/1/2007        N                 455000                   1       2.25            2123.33                                                                               93611          12/21/2006             12      BA0605EI_ARM-INTONLY                             0                 0                             45500      90                        699               0     3YR                                        12/1/2011            6           6           2            2.25
     1103638224       SFR                               1     OO        REFI                  Y                             7.125                7.125              572000              571800.4              12/1/2006             11/1/2036                  3396.25      360      80     CA                   2/1/2007        N                 715000                   1       2.25            3396.25                                                                               95366          12/21/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        686           47.04     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103638225       SFR                               1     OO        REFI                  Y                             7.125                7.125              200000                200000               1/1/2007             12/1/2036                   1187.5      360      80     AZ                   2/1/2007        N                 250000                   1       2.25             1187.5                                                                               85225          12/21/2006             17      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        682            26.2     3YR                                        12/1/2011            5           5           1            2.25
     1103638226       CONDO                             1     OO        PURCHASE              N                             7.125                7.125              267300                267300              12/1/2006             11/1/2036                  1587.09      360      80     NV                   2/1/2007        N                 350000                   1       2.25            1587.09                                                                               89123          12/21/2006              8      SA0605EI_ARM-INTONLY                             0            334131                             66826     100                        700               0     3YR                                        11/1/2011            5           5           1            2.25
     1103638227       CONDO                             1     OO        REFI                  Y                              7.25                 7.25              408000                408000              12/1/2006             11/1/2036                     2465      360      80     CA                   2/1/2007        N                 510000                   1       2.25               2465                                                                               92688          12/21/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             76500      95                        711           44.84     3YR                                        11/1/2011            6           6           2            2.25
     1103638229       SFR                               1     OO        PURCHASE              N                              7.25                 7.25              183900                183900              12/1/2006             11/1/2036                  1111.06      360      80     NV                   2/1/2007        N                 240000                   1       2.25            1111.06                                                                               89107          12/21/2006              2      PA1605EI_ARM-INTONLY                             0            229900                             34485      95                        645           34.69     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103638230       SFR                               1     OO        PURCHASE              N                             7.375                7.375              174400                174400              12/1/2006             11/1/2036                  1071.83      360      80     NV                   2/1/2007        N                 230000                   1       2.25            1071.83                                                                               89146          12/21/2006             12      XA0605EI_ARM-INTONLY                             0            218000                             43600     100                        723               0     3YR                                        11/1/2011            5           5           1            2.25
     1103638231       PUD                               1     NOO       PURCHASE              N                             7.375                7.375              240000                240000              12/1/2006             11/1/2036                     1475      360      80     NV                   2/1/2007        N                 320000                   1       2.25               1475                                                                               89131          12/21/2006             12      XA0605EI_ARM-INTONLY                             0            300000                             30000      90                        711               0     3YR                                        11/1/2011            5           5           1            2.25
     1103638232       PUD                               1     OO        PURCHASE              N                             7.375                7.375              198000                198000              12/1/2006             11/1/2036                  1216.88      360      80     NV                   2/1/2007        N                 255000                   1       2.25            1216.88                                                                               89032          12/21/2006              8      SA0605EI_ARM-INTONLY                             0            247500                             49500     100                        710               0     3YR                                        11/1/2011            5           5           1            2.25
     1103638233       PUD                               1     OO        REFI                  Y                             7.375                7.375              412000                412000              12/1/2006             11/1/2036                  2532.08      360      80     CA                   2/1/2007        N                 515000                   1       2.25            2532.08                                                                               93306          12/21/2006             12      BA2605EI_ARM-INTONLY                             0                 0                                 0      80                        664               0     3YR                                        11/1/2011            5           5           1            2.25
     1103638235       SFR                               1     OO        PURCHASE              N                             7.625                7.625              520000             518863.72              12/1/2006             11/1/2036                  3680.53      360   78.79     CA                   2/1/2007        N                 660000                   1       2.25            3680.53                                                                               92880          12/21/2006             12      SA0605E_ARM                                      0            660000                              7986      80                        740               0     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103638236       SFR                               1     NOO       REFI                  Y                             7.625                7.625              400000                400000              12/1/2006             11/1/2036                  2541.67      360      80     CA                   2/1/2007        N                 500000                   1       2.25            2541.67                                                                               91766          12/21/2006              8      BA0605EI_ARM-INTONLY                             0                 0                                 0      80                        750               0     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103638237       PUD                               1     OO        REFI                  N                             7.625                7.625              244000                244000              12/1/2006             11/1/2036                  1550.42      360      80     AZ                   2/1/2007        N                 305000                   1       2.25            1550.42                                                                               85249          12/21/2006             12      XA0605EI_ARM-INTONLY                             0                 0                             61000     100                        683               0     3YR                                        11/1/2011            5           5           1            2.25
     1103638238       SFR                               1     NOO       PURCHASE              N                              7.75                 7.75              455000                455000              12/1/2006             11/1/2036                  2938.54      360      70     CA                   2/1/2007        N                 650000                   1       2.25            2938.54                                                                               93536          12/21/2006              8      SA2605EI_ARM-INTONLY                             0            650000                            162500      95                        678               0     3YR                                        11/1/2011            5           5           1            2.25
     1103638239       SFR                               1     OO        REFI                  Y                             7.875                7.875              632000                632000              12/1/2006             11/1/2036                   4147.5      360      80     CA                   2/1/2007        N                 790000                   1       2.25             4147.5                                                                               94037          12/21/2006              8      BA0605EI_ARM-INTONLY                             0                 0                            158000     100                        730               0     3YR                                        11/1/2011            6           6           2            2.25
     1103638240       SFR                               1     OO        REFI                  Y                             7.875                7.875              408000              407977.5              12/1/2006             11/1/2036                   2677.5      360      80     WA                   2/1/2007        N                 510000                   1       2.25             2677.5                                                                               98077          12/21/2006             12      SA2605EI_ARM-INTONLY                             0                 0                                 0      80                        667               0     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103638241       SFR                               1     OO        PURCHASE              N                             7.875                7.875              158400                158400              12/1/2006             11/1/2036                   1039.5      360      80     CA                   2/1/2007        N                 215000                   1       2.25             1039.5                                                                               92395          12/21/2006              8      SA2605EI_ARM-INTONLY                             0            198000                             39600     100                        652               0     3YR                                        11/1/2011            5           5           1            2.25
     1103638268       SFR                               1     OO        PURCHASE              N                              9.25                 9.25              204250                204250               1/1/2007             12/1/2036                  1574.43      360      95     CA                   2/1/2007        N                 215000                   1       4.25            1574.43                                                                               93230          12/21/2006             12      EA0605EI_ARM-INTONLY                            30            215000                                 0      95                        686               0     3YR                                        12/1/2011            6           3           1            9.25
     1103638269       SFR                               1     OO        REFI                  Y                              6.75                 6.75              332000                332000               2/1/2007              1/1/2037                   1867.5      360   76.33     CA                   2/1/2007        N                 435000                   1          3             1867.5                                                                               92503          12/18/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   76.33                        688           28.69     1YR                                         1/1/2012            6           3           1               3
     1103638273       SFR                               1     NOO       PURCHASE              N                             7.875                7.875              341600                341600               2/1/2007              1/1/2037                  2241.75      360      80     CA                   2/1/2007        N                 427000                   1          4            2241.75                                                                               90222            1/5/2007              2      PA0605EI_ARM-INTONLY                             0            427000                             63900   94.97                        743           39.59     3YR                                         1/1/2012            6           3           1               4
     1103638289       SFR                               1     OO        REFI                  Y                             6.125                6.125              495000             490498.48               2/1/2007              1/1/2037                  3007.67      360   69.72     CA                   2/1/2007        N                 710000                   1          0            3007.67                                                                               90505          12/19/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   69.72                        701           39.27     3YR                                                             0           0           0               0
     1103638291       D-PUDS                            1     OO        PURCHASE              N                              7.25                 7.25              447550                447550               2/1/2007              1/1/2037                  2703.95      360      80     HI                   2/1/2007        N                 670000                   1          3            2703.95                                                                               96732          12/18/2006              2      PA0607EI_ARM-INTONLY                             0         559498.79                            111900     100                        704           31.39     NO-PREPAY                                   1/1/2014            6           3           1               3
     1103638337       SFR                               1     OO        REFI                  Y                             5.375                5.375              356000             354932.72              10/1/2006              9/1/2036                  1805.96      360      80     NY                   2/1/2007        Y                 445000                   1        5.5            1805.96                                                                               11550          11/30/2006             17      BL2202E_ARM-BALLOON                              0                 0                             89000     100                        633           44.99     1YR                                         9/1/2008            6           3           1           5.375
     1103638342       D-PUDS                            1     OO        PURCHASE              N                              6.99                 6.99              285017                285017               1/1/2007             12/1/2036                  1660.22      360      80     CO                   2/1/2007        N                 365000                   1          3            1660.22                                                                               80109          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            356272                             71254     100                        747              35     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103638385       SFR                               1     OO        REFI                  Y                             7.375                7.375              358000                358000               1/1/2007             12/1/2036                  2200.21      360   66.92     CA                   2/1/2007        N                 535000                   1          0            2200.21                                                                               90221          12/14/2006              2      PF1630I_FIX-INTONLY                              0                 0                                 0   66.92                        655           40.57     3YR                                                             0           0           0               0
     1103638395       SFR                               1     NOO       REFI                  Y                             7.125                7.125              214900                214900               1/1/2007             12/1/2036                  1275.97      360      70     VA                   2/1/2007        N                 307000                   1          3            1275.97                                                                               22701          12/21/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             76750      95                        690           26.63     3YR                                        12/1/2011            6           3           1           7.125
     1103638396       SFR                               1     NOO       REFI                  Y                            12.175               12.175               76750              76707.53               1/1/2007             12/1/2021                   799.82      180      25     VA                   2/1/2007        Y                 307000                   2          0             799.82                                                                               22701          12/21/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        690           26.63     3YR                                                             0           0           0               0
     1103638429       SFR                               1     OO        REFI                  Y                             6.625                6.625              264000                264000               2/1/2007              1/1/2037                   1457.5      360      80     CA                   2/1/2007        N                 330000                   1          3             1457.5                                                                               92571          12/15/2006              2      PA0607EI_ARM-INTONLY                             0                 0                             66000     100                        771           41.42     1YR                                         1/1/2014            6           3           1               3
     1103638449       2-4FAMILY                         4     NOO       PURCHASE              N                             12.25                12.25               86250              86106.34               9/1/2006              8/1/2021                   903.81      180   15.14     CA                   2/1/2007        Y                 575000                   2          0             903.81                                                                               90059          12/19/2006              2      VB0630_BALLOON                                   0            570000                                 0   76.67                        681          42.658     3YR                                                             0           0           0               0
     1103638487       SFR                               1     NOO       REFI                  Y                             6.625                6.625              315000             314722.08               2/1/2007              1/1/2037                  2016.98      360      75     WA                   2/1/2007        N                 420000                   1          3            2016.98                                                                               98072          12/29/2006              2      PA0605E_ARM                                      0                 0                                 0      75                        734           46.29     1YR                                         1/1/2012            6           3           1               3
     1103638527       SFR                               1     OO        REFI                  Y                              7.25                 7.25              900000                900000               1/1/2007             12/1/2036                   5437.5      360      75     CA                   2/1/2007        N                1200000                   1          3             5437.5                                                                               92675          12/28/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      75                        678           43.98     1YR                                        12/1/2011            6           3           1               3
     1103638580       D-PUDS                            1     OO        REFI                  Y                             5.875                5.875              564000                564000               2/1/2007              1/1/2037                  2761.25      360      80     CA                   2/1/2007        N                 705000                   1          0            2761.25                                                                               92056          12/27/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0      80                        797           34.81     3YR                                                             0           0           0               0
     1103638607       SFR                               1     OO        PURCHASE              N                              7.75                 7.75              840000                840000              12/1/2006             11/1/2036                     5425      360      70     VA                   2/1/2007        N                1200000                   1       2.25               5425                                                                               23452          12/21/2006             12      XA0605EI_ARM-INTONLY                             0           1200000                            240000      90                        706               0     3YR                                        11/1/2011            5           5           1            2.25
     1103638608       PUD                               1     2ND       REFI                  Y                             7.735                7.735               75001              74763.17              12/1/2006             11/1/2036                   536.54      360    41.9     PA                   2/1/2007        N                 179000                   1       2.25             536.54                                                                               18436          12/21/2006             12      XA0605E_ARM                                      0                 0                                 0    41.9                        746               0     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103638609       CONDO                             1     OO        REFI                  Y                             8.375                8.375              160000                160000               1/1/2007             12/1/2036                  1116.67      360      80     NH                   2/1/2007        N                 200000                   1      4.625            1116.67                                                                               03038          12/21/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             30000      95                        655           42.06     NO-PREPAY                                  12/1/2011            5           5           1           4.625
     1103638610       SFR                               1     OO        PURCHASE              N                             7.875                7.875              122800                122800              12/1/2006             11/1/2036                   805.88      360      80     FL                   2/1/2007        N                 153500                   1       2.25             805.88                                                                               33710          12/21/2006             12      BA0605EI_ARM-INTONLY                             0            153500                                 0      80                        690               0     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103638611       CONDO                             1     NOO       REFI                  Y                             8.875                8.875              129600                129600              12/1/2006             11/1/2036                    958.5      360      80     MD                   2/1/2007        N                 162000                   1          5              958.5                                                                               21044          12/21/2006              8      SA2603EI_ARM-INTONLY                             0                 0                                 0      80                        644               0     NO-PREPAY                                  11/1/2009            6           2           2               5
     1103638612       2-4FAMILY                         2     NOO       PURCHASE              N                               7.5                  7.5              105000             104764.74              12/1/2006             11/1/2036                   734.18      360      70     CT                   2/1/2007        N                 207000                   1       2.25             734.18                                                                               06519          12/21/2006              1      PA1605E_ARM                                      0            150000                             37500      95                        666           38.49     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103638613       2-4FAMILY                         3     OO        PURCHASE              N                             7.875                7.875              260000             259459.68              12/1/2006             11/1/2036                  1885.18      360      80     NH                   2/1/2007        N                 330000                   1       2.75            1885.18                                                                               03867          12/21/2006              2      PA1605E_ARM                                      0            325000                             65000     100                        675           42.06     NO-PREPAY                                  11/1/2011            6           6           2            2.75
     1103638614       CONDO                             1     NOO       REFI                  Y                             6.875                6.875              222000             221437.28              12/1/2006             11/1/2036                  1458.38      360   60.83     MA                   2/1/2007        N                 365000                   1       2.25            1458.38                                                                               02143          12/21/2006              2      PA0605E_ARM                                      0                 0                                 0   60.83                        689           35.65     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103638616       2-4FAMILY                         2     OO        PURCHASE              N                             8.125                8.125              272000             271462.61              12/1/2006             11/1/2036                  2019.59      360      80     NJ                   2/1/2007        N                 350000                   1          5            2019.59                                                                               08861          12/21/2006              8      SA2603E_ARM                                      0            340000                             68000     100                        634               0     NO-PREPAY                                  11/1/2009            6           2           2               5
     1103638618       2-4FAMILY                         4     NOO       REFI                  Y                               7.5                  7.5              238000             237416.56              12/1/2006             11/1/2036                  1664.13      360      70     MA                   2/1/2007        N                 340000                   1       2.25            1664.13                                                                               02740          12/21/2006              2      PA1605E_ARM                                      0                 0                                 0      70                        655         28.2788     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103638619       CONDO                             1     NOO       REFI                  Y                                 7                    7              165000                165000               1/1/2007             12/1/2036                    962.5      360      75     MA                   2/1/2007        N                 220000                   1       2.25              962.5                                                                               01880          12/21/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      75                        781           41.31     NO-PREPAY                                  12/1/2011            5           5           1            2.25
     1103638622       SFR                               1     OO        REFI                  N                             5.875                5.875              100000              99748.62               1/1/2007             12/1/2036                   591.54      360   75.48     PA                   2/1/2007        N                 132500                   1       2.25             591.54                                                                               18407          12/21/2006             12      SA0605E_ARM                                      0                 0                                 0   75.48                        803               0     NO-PREPAY                                  12/1/2011            5           5           1            2.25
     1103638624       PUD                               1     NOO       PURCHASE              N                             7.625                7.625              121450             121449.97              12/1/2006             11/1/2036                   771.71      360      70     FL                   2/1/2007        N                 210000                   1       2.25             771.71                                                                               34758          12/21/2006             12      XA0605EI_ARM-INTONLY                             0            173500                                 0      70                        769               0     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103638625       2-4FAMILY                         2     NOO       REFI                  Y                              6.75                 6.75              520000                520000              12/1/2006             11/1/2036                     2925      360      65     NJ                   2/1/2007        N                 800000                   1       2.25               2925                                                                               08735          12/21/2006             12      XA0605EI_ARM-INTONLY                             0                 0                                 0      65                        736               0     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103638626       2-4FAMILY                         2     OO        PURCHASE              N                                 7                    7              393600                393600              12/1/2006             11/1/2036                     2296      360      80     NJ                   2/1/2007        N                 493000                   1          5               2296                                                                               07512          12/21/2006             17      PA1603EI_ARM-INTONLY                             0            492000                             98400     100                        662           41.83     NO-PREPAY                                  11/1/2009            6           2           2               5
     1103638627       2-4FAMILY                         2     OO        PURCHASE              N                              8.25                 8.25               81225              81068.54              12/1/2006             11/1/2036                   610.22      360      95     PA                   2/1/2007        N                  87000                   1        4.5             610.22                                                                               18505          12/21/2006             12      XA0605E_ARM                                     30             85500                                 0      95                        747               0     NO-PREPAY                                  11/1/2011            5           5           1             4.5
     1103638631       CONDO                             1     OO        PURCHASE              N                              6.25                 6.25              295920                295920               1/1/2007             12/1/2036                  1541.25      360      80     CA                   2/1/2007        N                 370000                   1          3            1541.25                                                                               91351          12/14/2006             17      PA0605EI_ARM-INTONLY                             0            369900                             73980     100                        720           37.09     2YR                                        12/1/2011            6           3           1               3
     1103638637       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              266250                266250               2/1/2007              1/1/2037                  1497.66      360      75     AZ                   2/1/2007        N                 355000                   1          3            1497.66                                                                               85050          12/26/2006              2      PA1605EI_ARM-INTONLY                             0            355000                             88750     100                        667           30.02     NO-PREPAY                                   1/1/2012            6           3           1               3
     1103638694       CONDO                             1     NOO       PURCHASE              N                              6.75                 6.75              144900                144900               2/1/2007              1/1/2037                   815.06      360      70     CO                   2/1/2007        N                 207000                   1          3             815.06                                                                               80013            1/4/2007              2      PA1605EI_ARM-INTONLY                             0            207000                             51750      95                        658           47.49     3YR                                         1/1/2012            6           3           1            6.75
     1103638723       SFR                               1     NOO       REFI                  Y                               8.5                  8.5              156800             156705.01               2/1/2007              1/1/2037                  1205.66      360      80     FL                   2/1/2007        N                 196000                   1          3            1205.66                                                                               33774          12/27/2006              8      SA1605E_ARM                                      0                 0                                 0      80                        640               0     3YR                                         1/1/2012            6           3           1               3
     1103638730       SFR                               1     2ND       PURCHASE              N                              6.75                 6.75              179500                179500               2/1/2007              1/1/2037                  1009.69      360   89.98     MS                   2/1/2007        N                 199500                   1          3            1009.69                                                                               39503          12/21/2006              7      SA0605EI_ARM-INTONLY                            25            199900                                 0   89.98                        695               0     NO-PREPAY                                   1/1/2012            6           3           1               3
     1103638747       SFR                               1     NOO       PURCHASE              N                                 7                    7              412000             411662.28               2/1/2007              1/1/2037                  2741.05      360      80     CA                   2/1/2007        N                 520000                   1          0            2741.05                                                                               95112          12/22/2006              2      PF0630_FIXEDRATE                                 0            515000                             51500      90                        750           39.13     NO-PREPAY                                                       0           0           0               0
     1103638754       SFR                               1     NOO       PURCHASE              N                             11.75                11.75               51500              51484.42               2/1/2007              1/1/2022                   519.85      180      10     CA                   2/1/2007        Y                 520000                   2          0             519.85                                                                               95112          12/22/2006              2      TB0630_BALLOON                                   0            515000                                 0      90                        750           39.09     NO-PREPAY                                                       0           0           0               0
     1103638759       SFR                               1     NOO       PURCHASE              N                             7.375                7.375              392000                392000               1/1/2007             12/1/2036                  2409.17      360      80     CA                   2/1/2007        N                 490000                   1          3            2409.17                                                                               95973          12/22/2006              2      PA0605EI_ARM-INTONLY                             0            490000                             49000      90                        704           20.85     3YR                                        12/1/2011            6           3           1               3
     1103638784       2-4FAMILY                         3     OO        REFI                  N                             6.625                6.625              596000             595474.17               2/1/2007              1/1/2037                  3816.25      360      80     CA                   2/1/2007        N                 745000                   1          3            3816.25                                                                               90019          12/29/2006              2      PA0605E_ARM                                      0                 0                             74000   89.94                        785              36     3YR                                         1/1/2012            6           3           1               3
     1103638804       SFR                               1     OO        REFI                  Y                              6.25                 6.25              260000             259753.31               2/1/2007              1/1/2037                  1600.86      360   47.71     CA                   2/1/2007        N                 545000                   1          0            1600.86                                                                               94804          12/29/2006             12      SF1630_FIXEDRATE                                 0                 0                                 0   47.71                        792            47.7     3YR                                                             0           0           0               0
     1103638808       SFR                               1     OO        REFI                  N                             5.875                5.875              460000                460000               1/1/2007             12/1/2036                  2252.08      360    69.7     CA                   2/1/2007        N                 660000                   1          3            2252.08                                                                               91761          12/15/2006              1      PA1605EI_ARM-INTONLY                             0                 0                                 0    69.7                        647           31.48     NO-PREPAY                                  12/1/2011            6           3           1               3
     1103638814       PUD                               1     NOO       PURCHASE              N                              6.75                 6.75              112000                112000               1/1/2007             12/1/2036                      630      360      70     MO                   2/1/2007        N                 160000                   1          0                630                                                                               64015          12/18/2006              2      PF0630I_FIX-INTONLY                              0            160000                             40000      95                        712           40.33     3YR                                                             0           0           0               0
     1103638833       D-PUDS                            1     OO        PURCHASE              N                              6.25                 6.25              544150                544150               2/1/2007              1/1/2037                  2834.11      360      75     CA                   2/1/2007        N                 730000                   1          3            2834.11                                                                               95116          12/29/2006              8      SA1605EI_ARM-INTONLY                             0            725581                                 0      75                        765               0     3YR                                         1/1/2012            6           3           1               3
     1103638862       CONDO                             1     NOO       PURCHASE              N                                 6                    6              135000                135000               1/1/2007             12/1/2036                      675      360   28.43     WA                   2/1/2007        N                 475000                   1       2.75                675                                                                               98109          12/14/2006              2      PA0607EI_ARM-INTONLY                             0            475000                                 0   28.43                        813              19     3YR                                        12/1/2013            6           3           1            2.75
     1103638863       SFR                               1     OO        PURCHASE              N                                 6                    6              464000                464000               1/1/2007             12/1/2036                     2320      360      80     CA                   2/1/2007        N                 580000                   1       2.75               2320                                                                               91214          12/14/2006             17      PA0605EI_ARM-INTONLY                             0            580000                             58000      90                        800           38.76     NO-PREPAY                                  12/1/2011            6           3           1            2.75
     1103638864       SFR                               1     OO        REFI                  N                             5.875                5.875              408000                408000               1/1/2007             12/1/2036                   1997.5      360   79.23     CA                   2/1/2007        N                 515000                   1       2.75             1997.5                                                                               92126          12/14/2006              2      PA0603EI_ARM-INTONLY                             0                 0                             70710   92.96                        797              35     NO-PREPAY                                  12/1/2009            6           3           1            2.75
     1103638865       PUD                               1     OO        REFI                  N                             6.125                6.125              622000                622000               1/1/2007             12/1/2036                  3174.79      360   73.18     CA                   2/1/2007        N                 850000                   1       2.25            3174.79                                                                               90621          12/14/2006             17      XA0605DI_ARM-INTONLY                             0                 0                            135320    89.1                        790           45.71     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103638866       SFR                               1     OO        PURCHASE              N                              7.25                 7.25              552000                551685               1/1/2007             12/1/2036                     3335      360      80     CA                   2/1/2007        N                 690000                   1       2.25               3335                                                                               92840          12/14/2006              8      SA1605EI_ARM-INTONLY                             0            690000                            103500      95                        787               0     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103638867       SFR                               1     OO        REFI                  N                               6.5                  6.5              452000             451998.33               1/1/2007             12/1/2036                  2448.33      360      80     CA                   2/1/2007        N                 565000                   1       2.25            2448.33                                                                               92054          12/18/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            113000     100                        770              45     3YR                                        12/1/2011            6           6           2            2.25
     1103638868       CONDO                             1     OO        REFI                  Y                              5.75                 5.75              200000             199784.59               1/1/2007             12/1/2036                  1065.78      360   57.15     CA                   2/1/2007        Y                 350000                   1       2.75            1065.78                                                                               91792          12/14/2006              2      PL0605E_ARM-BALLOON                              0                 0                                 0   57.15                        769           41.55     1YR                                        12/1/2011            6           3           1            2.75
     1103638869       SFR                               1     OO        REFI                  Y                                 6                    6              364000                364000               1/1/2007             12/1/2036                     1820      360      80     CA                   2/1/2007        N                 455000                   1       2.75               1820                                                                               90602          12/14/2006              2      PA0607EI_ARM-INTONLY                             0                 0                                 0      80                        768           44.44     NO-PREPAY                                  12/1/2013            6           3           1            2.75
     1103638870       SFR                               1     OO        REFI                  Y                                 6                    6              446400                446400               1/1/2007             12/1/2036                     2232      360      80     CA                   2/1/2007        N                 558000                   1       2.75               2232                                                                               92703          12/14/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        760           41.39     NO-PREPAY                                  12/1/2011            6           3           1            2.75
     1103638871       2-4FAMILY                         2     OO        REFI                  N                              6.25                 6.25              348000                348000               1/1/2007             12/1/2036                   1812.5      360    79.1     CA                   2/1/2007        N                 440000                   1       2.75             1812.5                                                                               90011          12/14/2006              2      PA0603EI_ARM-INTONLY                             0                 0                             43472   88.98                        760           45.16     3YR                                        12/1/2009            6           3           1            2.75
     1103638872       SFR                               1     OO        REFI                  Y                             5.875                5.875              344000             343296.84               1/1/2007             12/1/2036                  2034.89      360   78.19     CA                   2/1/2007        N                 440000                   1       2.75            2034.89                                                                               92337          12/14/2006              2      PA0605E_ARM                                      0                 0                                 0   78.19                        756           40.83     3YR                                        12/1/2011            6           3           1            2.75
     1103638873       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              328000                328000               1/1/2007             12/1/2036                     1845      360      80     CA                   2/1/2007        N                 430000                   1       2.25               1845                                                                               90605          12/14/2006              2      XA0605DI_ARM-INTONLY                             0            410000                             82000     100                        756           43.77     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103638874       SFR                               1     OO        PURCHASE              N                             6.375                6.375              277600                277600               1/1/2007             12/1/2036                  1474.75      360      80     CA                   2/1/2007        N                 350000                   1       2.25            1474.75                                                                               90032          12/14/2006              1      XA0605DI_ARM-INTONLY                             0            347000                             69400     100                        752           41.99     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103638875       PUD                               1     NOO       REFI                  N                               6.5                  6.5              236000                236000               1/1/2007             12/1/2036                  1278.33      360   78.67     NV                   2/1/2007        N                 300000                   1       2.25            1278.33                                                                               89148          12/14/2006              8      XA1605DI_ARM-INTONLY                             0                 0                                 0   78.67                        746               0     3YR                                        12/1/2011            5           5           2            2.25
     1103638876       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              348800                348800               1/1/2007             12/1/2036                  1889.33      360      80     CA                   2/1/2007        N                 450000                   1       2.25            1889.33                                                                               91351          12/18/2006              2      XA0605DI_ARM-INTONLY                             0            436000                             87200     100                        746           39.67     3YR                                        12/1/2011            5           5           2            2.25
     1103638877       PUD                               1     2ND       REFI                  Y                             6.125                6.125              540000              538947.7               1/1/2007             12/1/2036                   3281.1      360      75     CA                   2/1/2007        N                 720000                   1       2.75             3281.1                                                                               92587          12/14/2006              2      PA0603E_ARM                                      0                 0                                 0      75                        743           47.09     NO-PREPAY                                  12/1/2009            6           3           1            2.75
     1103638878       SFR                               1     OO        REFI                  N                              6.25                 6.25              412000                412000               1/1/2007             12/1/2036                  2145.83      360      80     CA                   2/1/2007        N                 515000                   1       2.75            2145.83                                                                               92336          12/14/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             67002   93.02                        742           38.17     NO-PREPAY                                  12/1/2011            6           3           1            2.75
     1103638879       CONDO                             1     OO        PURCHASE              N                               6.5                  6.5              264000                262570               1/1/2007             12/1/2036                     1430      360      80     CA                   2/1/2007        N                 335000                   1       2.25               1430                                                                               91406          12/14/2006              2      PA0605EI_ARM-INTONLY                             0            330000                             66000     100                        741           44.31     3YR                                        12/1/2011            6           6           2            2.25
     1103638880       SFR                               1     OO        REFI                  N                             6.125                6.125              169000             168987.94              12/1/2006             11/1/2036                    862.6      360   78.61     CA                   2/1/2007        N                 215000                   1       2.75              862.6                                                                               92311          12/14/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   78.61                        740           36.18     1YR                                        11/1/2011            6           3           1            2.75
     1103638881       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              175200                175200               1/1/2007             12/1/2036                    985.5      360      80     CA                   2/1/2007        N                 225000                   1       2.25              985.5                                                                               93702          12/14/2006              2      PA0605EI_ARM-INTONLY                             0            219000                             43800     100                        739           39.85     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103638882       SFR                               1     OO        PURCHASE              N                             6.875                6.875              332000                332000               1/1/2007             12/1/2036                  1902.08      360      80     CA                   2/1/2007        N                 415000                   1       2.25            1902.08                                                                               92557          12/14/2006              8      XA1605DI_ARM-INTONLY                             0            415000                             83000     100                        738               0     3YR                                        12/1/2011            5           5           2            2.25
     1103638883       SFR                               1     OO        REFI                  Y                              6.25                 6.25              370000             369651.97               1/1/2007             12/1/2036                  2100.64      360   74.75     CA                   2/1/2007        Y                 495000                   1       2.75            2100.64                                                                               91744          12/14/2006              2      PL0605E_ARM-BALLOON                              0                 0                                 0   74.75                        737           42.14     3YR                                        12/1/2011            6           3           1            2.75
     1103638884       SFR                               1     OO        REFI                  Y                              6.75                 6.75              476250                476250               1/1/2007             12/1/2036                  2678.91      360      75     CA                   2/1/2007        N                 635000                   1       2.75            2678.91                                                                               90604          12/14/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            107950      92                        737              37     NO-PREPAY                                  12/1/2011            6           3           1            2.75
     1103638885       PUD                               1     OO        PURCHASE              N                             6.375                6.375              316000                316000               1/1/2007             12/1/2036                  1678.75      360      80     CA                   2/1/2007        N                 395000                   1       2.75            1678.75                                                                               92620          12/14/2006             17      PA0605EI_ARM-INTONLY                             0            395000                                 0      80                        736           44.63     3YR                                        12/1/2011            6           3           1            2.75
     1103638886       SFR                               1     OO        REFI                  Y                             6.875                6.875              320000                320000               1/1/2007             12/1/2036                  1833.33      360   79.02     CA                   2/1/2007        N                 405000                   1       2.75            1833.33                                                                               91768          12/14/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   79.02                        734           40.25     NO-PREPAY                                  12/1/2011            6           3           1            2.75
     1103638887       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              304000                304000               1/1/2007             12/1/2036                     1710      360      80     CA                   2/1/2007        N                 390000                   1       2.25               1710                                                                               92324          12/18/2006              2      XA0605DI_ARM-INTONLY                             0            380000                             76000     100                        731           36.36     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103638888       SFR                               1     2ND       REFI                  N                               6.5                  6.5              308000                308000               1/1/2007             12/1/2036                  1668.33      360   79.59     NV                   2/1/2007        N                 387000                   1       2.25            1668.33                                                                               89117          12/18/2006              8      XA1605DI_ARM-INTONLY                             0                 0                                 0   79.59                        726               0     3YR                                        12/1/2011            5           5           2            2.25
     1103638889       SFR                               1     OO        PURCHASE              N                             6.375                6.375              368000                368000               1/1/2007             12/1/2036                     1955      360      80     CA                   2/1/2007        N                 510000                   1       2.25               1955                                                                               90255          12/14/2006              2      PA0605EI_ARM-INTONLY                             0            460000                             92000     100                        722           42.22     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103638890       CONDO                             1     OO        REFI                  Y                               6.5                  6.5              280000                280000               1/1/2007             12/1/2036                  1516.67      360      80     CA                   2/1/2007        N                 350000                   1       2.75            1516.67                                                                               91732          12/14/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        722           39.03     1YR                                        12/1/2011            6           3           1            2.75
     1103638891       SFR                               1     OO        REFI                  Y                             6.375                6.375              427000                427000               1/1/2007             12/1/2036                  2268.44      360      70     CA                   2/1/2007        N                 610000                   1       2.75            2268.44                                                                               91789          12/14/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      70                        721           40.76     NO-PREPAY                                  12/1/2011            6           3           1            2.75
     1103638892       PUD                               1     OO        PURCHASE              N                               6.5                  6.5              422400                422400               1/1/2007             12/1/2036                     2288      360      80     CA                   2/1/2007        N                 530000                   1       2.75               2288                                                                               91709          12/14/2006             17      PA0605EI_ARM-INTONLY                             0            528000                                 0      80                        721           41.68     3YR                                        12/1/2011            6           3           1            2.75
     1103638893       SFR                               1     OO        PURCHASE              N                             6.625                6.625              404000                404000               1/1/2007             12/1/2036                  2230.42      360      80     CA                   2/1/2007        N                 520000                   1       2.25            2230.42                                                                               91786          12/14/2006              2      XA0605DI_ARM-INTONLY                             0            505000                            101000     100                        721           43.08     3YR                                        12/1/2011            5           5           2            2.25
     1103638894       SFR                               1     OO        REFI                  Y                             5.625                5.625              200000                200000               1/1/2007             12/1/2036                    937.5      360      40     CA                   2/1/2007        N                 500000                   1       2.75              937.5                                                                               91710          12/14/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0      40                        716           29.33     NO-PREPAY                                  12/1/2011            6           3           1            2.75
     1103638895       SFR                               1     OO        REFI                  Y                                 6                    6              492000                491960               1/1/2007             12/1/2036                     2460      360      80     CA                   2/1/2007        N                 615000                   1       2.75               2460                                                                               90042          12/18/2006              2      PA0603EI_ARM-INTONLY                             0                 0                                 0      80                        714           39.26     1YR                                        12/1/2009            6           3           1            2.75
     1103638896       CONDO                             1     OO        REFI                  N                             6.875                6.875              244000             243328.99               1/1/2007             12/1/2036                  1397.92      360      80     CA                   2/1/2007        N                 305000                   1       2.75            1397.92                                                                               91766          12/14/2006              2      PA0607EI_ARM-INTONLY                             0                 0                                 0      80                        714           43.16     3YR                                        12/1/2013            6           3           1            2.75
     1103638897       SFR                               1     OO        REFI                  N                             6.375                6.375              249500                249500               1/1/2007             12/1/2036                  1325.47      360   75.61     WA                   2/1/2007        N                 330000                   1       2.75            1325.47                                                                               98092          12/14/2006             17      PA0605EI_ARM-INTONLY                             0                 0                                 0   75.61                        708           33.49     NO-PREPAY                                  12/1/2011            6           3           1            2.75
     1103638898       PUD                               1     OO        REFI                  N                              6.25                 6.25              616000                616000              11/1/2006             10/1/2036                  3208.33      360   72.48     CA                   2/1/2007        N                 850000                   1       2.25            3208.33                                                                               90621          12/14/2006             17      XA0607DI_ARM-INTONLY                             0                 0                            110925   85.53                        707           37.17     NO-PREPAY                                  10/1/2013            5           5           2            2.25
     1103638899       PUD                               1     OO        PURCHASE              N                              6.75                 6.75              343350                343350               1/1/2007             12/1/2036                  1931.34      360      80     CA                   2/1/2007        N                 430000                   1       2.25            1931.34                                                                               92532          12/18/2006              2      XA0605DI_ARM-INTONLY                             0            429235                             85847     100                        704           39.99     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103638900       2-4FAMILY                         3     OO        REFI                  Y                             6.875                6.875              508000                508000               1/1/2007             12/1/2036                  2910.42      360      80     CA                   2/1/2007        N                 635000                   1       2.25            2910.42                                                                               90280          12/14/2006              1      XA0605DI_ARM-INTONLY                             0                 0                                 0      80                        704           29.96     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103638901       2-4FAMILY                         2     OO        PURCHASE              N                             6.875                6.875              527200                527200               1/1/2007             12/1/2036                  3020.42      360      80     CA                   2/1/2007        N                 659000                   1       2.25            3020.42                                                                               90011          12/14/2006              2      XA0607DI_ARM-INTONLY                             0            659000                            131800     100                        704           42.62     NO-PREPAY                                  12/1/2013            5           5           2            2.25
     1103638902       SFR                               1     OO        REFI                  Y                               6.5                  6.5              608000             607893.33               1/1/2007             12/1/2036                  3293.33      360      80     CA                   2/1/2007        N                 760000                   1       2.25            3293.33                                                                               92880          12/14/2006              1      XA0605DI_ARM-INTONLY                             0                 0                             38000      85                        703           50.41     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103638903       CONDO                             1     OO        PURCHASE              N                             6.875                6.875              268000                268000               1/1/2007             12/1/2036                  1535.42      360      80     CA                   2/1/2007        N                 370000                   1       2.25            1535.42                                                                               91104          12/14/2006             17      XA0605DI_ARM-INTONLY                             0            335000                             67000     100                        701           42.52     3YR                                        12/1/2011            5           5           2            2.25
     1103638907       SFR                               1     NOO       PURCHASE              N                                 7                    7               73500                 73500               2/1/2007              1/1/2037                   428.75      360      70     CO                   2/1/2007        N                 122000                   1          3             428.75                                                                               80221          12/28/2006              1      PA1605EI_ARM-INTONLY                             0            105000                             26250      95                        654            30.4     NO-PREPAY                                   1/1/2012            6           3           1               3
     1103638910       PUD                               1     OO        REFI                  Y                             6.125                6.125              417000                417000               1/1/2007             12/1/2036                  2128.44      360    71.9     CA                   2/1/2007        N                 580000                   1       2.25            2128.44                                                                               92879          12/14/2006              2      XA0610DI_ARM-INTONLY                             0                 0                                 0    71.9                        698           43.09     3YR                                        12/1/2016            5           5           2            2.25
     1103638911       SFR                               1     OO        REFI                  N                             6.125                6.125              444000                444000               1/1/2007             12/1/2036                  2266.25      360      80     CA                   2/1/2007        N                 555000                   1       2.75            2266.25                                                                               92508          12/14/2006             17      PA0607EI_ARM-INTONLY                             0                 0                                 0      80                        698           33.98     NO-PREPAY                                  12/1/2013            6           3           1            2.75
     1103638912       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              409600                409600               1/1/2007             12/1/2036                  2218.67      360      80     CA                   2/1/2007        N                 512000                   1       2.75            2218.67                                                                               90606          12/19/2006              8      SA1605EI_ARM-INTONLY                             0            512000                            102400     100                        697               0     2YR                                        12/1/2011            6           3           1            2.75
     1103638913       CONDO                             1     2ND       REFI                  Y                             6.875                6.875              195000                195000               1/1/2007             12/1/2036                  1117.19      360      78     NV                   2/1/2007        N                 250000                   1       2.75            1117.19                                                                               89015          12/14/2006              8      SA1605EI_ARM-INTONLY                             0                 0                             30000      90                        697               0     NO-PREPAY                                  12/1/2011            6           3           1            2.75
     1103638914       SFR                               1     OO        REFI                  Y                             5.875                5.875              436150                436150               1/1/2007             12/1/2036                  2135.32      360      65     CA                   2/1/2007        N                 671000                   1       2.25            2135.32                                                                               91710          12/14/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0      65                        696              33     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103638915       SFR                               1     OO        REFI                  Y                              6.25                 6.25              304500                304500               1/1/2007             12/1/2036                  1585.94      360   76.13     CA                   2/1/2007        N                 400000                   1       2.75            1585.94                                                                               93543          12/19/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   76.13                        694           36.45     NO-PREPAY                                  12/1/2011            6           3           1            2.75
     1103638916       CONDO                             1     OO        REFI                  N                              6.75                 6.75              226500             226375.25               1/1/2007             12/1/2036                  1274.06      360   79.48     CA                   2/1/2007        N                 285000                   1       2.75            1274.06                                                                               92707          12/14/2006              2      PA0607EI_ARM-INTONLY                             0                 0                             30011   90.01                        689           34.67     NO-PREPAY                                  12/1/2013            6           3           1            2.75
     1103638917       PUD                               1     OO        REFI                  Y                               7.5                  7.5              440000                440000               1/1/2007             12/1/2036                     2750      360      80     CA                   2/1/2007        N                 550000                   1       2.25               2750                                                                               91706          12/14/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0      80                        688           32.05     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103638918       CONDO                             1     OO        REFI                  Y                                 6                    6              304000                304000               1/1/2007             12/1/2036                     1520      360      80     CA                   2/1/2007        N                 380000                   1       2.75               1520                                                                               90250          12/14/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        649           42.38     1YR                                        12/1/2011            6           3           1            2.75
     1103638919       SFR                               1     OO        REFI                  Y                                 7                    7              828000                828000               1/1/2007             12/1/2036                     4830      360    63.7     CA                   2/1/2007        N                1300000                   1       2.75               4830                                                                               92592          12/19/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0    63.7                        649           42.14     NO-PREPAY                                  12/1/2011            6           3           1            2.75
     1103638920       SFR                               1     OO        PURCHASE              N                             6.625                6.625              408000              407999.5               1/1/2007             12/1/2036                   2252.5      360      80     CA                   2/1/2007        N                 520000                   1       2.75             2252.5                                                                               91103          12/19/2006              2      PA0605EI_ARM-INTONLY                             0            510000                            102000     100                        682           49.53     1YR                                        12/1/2011            6           3           1            2.75
     1103638921       SFR                               1     OO        REFI                  Y                             5.625                5.625              498500                498500               1/1/2007             12/1/2036                  2336.72      360    76.7     CA                   2/1/2007        N                 650000                   1       2.75            2336.72                                                                               91311          12/19/2006              2      PA1603EI_ARM-INTONLY                             0                 0                                 0    76.7                        680           38.05     3YR                                        12/1/2009            6           3           1            2.75
     1103638922       SFR                               1     OO        PURCHASE              N                             6.875                6.875              288000                288000               1/1/2007             12/1/2036                     1650      360      80     CA                   2/1/2007        N                 362000                   1       2.75               1650                                                                               92530          12/14/2006              8      SA2605EI_ARM-INTONLY                             0            360000                             72000     100                        678               0     1YR                                        12/1/2011            6           3           1            2.75
     1103638923       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              327920                327920               1/1/2007             12/1/2036                  1844.55      360      80     CA                   2/1/2007        N                 415000                   1       2.25            1844.55                                                                               92376          12/14/2006              2      XA1605DI_ARM-INTONLY                             0            409900                             81980     100                        672           48.21     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103638924       SFR                               1     OO        REFI                  Y                             7.375                7.375              272000                271600               1/1/2007             12/1/2036                  1671.67      360      80     CA                   2/1/2007        N                 340000                   1       2.25            1671.67                                                                               95210          12/14/2006              2      PA1610EI_ARM-INTONLY                             0                 0                                 0      80                        671           35.88     NO-PREPAY                                  12/1/2016            6           6           2            2.25
     1103638926       SFR                               1     OO        PURCHASE              N                             6.125                6.125              332000                332000               1/1/2007             12/1/2036                  1694.58      360      80     CA                   2/1/2007        N                 415000                   1       2.75            1694.58                                                                               95203          12/14/2006              2      PA1605EI_ARM-INTONLY                             0            415000                             83000     100                        669           46.36     2YR                                        12/1/2011            6           3           1            2.75
     1103638927       SFR                               1     OO        PURCHASE              N                              7.25                 7.25              348000                348000              12/1/2006             11/1/2036                   2102.5      360      80     CA                   2/1/2007        N                 438000                   1       2.25             2102.5                                                                               90262          12/14/2006              2      XA1607DI_ARM-INTONLY                             0            435000                             87000     100                        668           39.35     NO-PREPAY                                  11/1/2013            5           5           2            2.25
     1103638928       SFR                               1     OO        REFI                  Y                             7.875                7.875              427500                427500               1/1/2007             12/1/2036                  2805.47      360      75     CA                   2/1/2007        N                 570000                   1       2.75            2805.47                                                                               94589          12/14/2006              2      PA1605EI_ARM-INTONLY                             0                 0                            142500     100                        668            43.4     1YR                                        12/1/2011            6           3           1            2.75
     1103638929       CONDO                             1     OO        PURCHASE              N                                 6                    6              350000             349299.83               1/1/2007             12/1/2036                  2098.43      360   67.97     CA                   2/1/2007        N                 515000                   1       2.75            2098.43                                                                               90275          12/14/2006              1      PA1605E_ARM                                      0            515000                                 0   67.97                        666           45.08     NO-PREPAY                                  12/1/2011            6           3           1            2.75
     1103638930       SFR                               1     OO        REFI                  Y                             7.125                7.125              231000                231000               1/1/2007             12/1/2036                  1371.56      360   79.66     CA                   2/1/2007        N                 290000                   1       2.25            1371.56                                                                               92583          12/14/2006              2      XA1605DI_ARM-INTONLY                             0                 0                             30015   90.01                        664           22.84     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103638931       SFR                               1     NOO       REFI                  Y                             7.125                7.125              333000                333000               1/1/2007             12/1/2036                  1977.19      360      74     CA                   2/1/2007        N                 450000                   1       2.75            1977.19                                                                               92345          12/14/2006              8      SA2605EI_ARM-INTONLY                             0                 0                                 0      74                        656               0     NO-PREPAY                                  12/1/2011            6           3           1            2.75
     1103638932       SFR                               1     OO        REFI                  Y                              6.25                 6.25              574000                574000               1/1/2007             12/1/2036                  2989.58      360   68.75     CA                   2/1/2007        N                 835000                   1       2.25            2989.58                                                                               91789          12/14/2006              1      XA1607DI_ARM-INTONLY                             0                 0                                 0   68.75                        653           51.28     NO-PREPAY                                  12/1/2013            5           5           2            2.25
     1103638933       SFR                               1     OO        REFI                  Y                             6.875                6.875              545000             544081.67               1/1/2007             12/1/2036                  3580.26      360   71.72     CA                   2/1/2007        N                 760000                   1       2.25            3580.26                                                                               92647          12/14/2006              8      XA1610D_ARM                                      0                 0                                 0   71.72                        653               0     3YR                                        12/1/2016            5           5           2            2.25
     1103638934       SFR                               1     OO        REFI                  Y                             6.875                6.875              436000                436000               1/1/2007             12/1/2036                  2497.92      360      80     CA                   2/1/2007        N                 545000                   1       2.25            2497.92                                                                               92584          12/14/2006              2      XA1607DI_ARM-INTONLY                             0                 0                                 0      80                        661           37.76     NO-PREPAY                                  12/1/2013            5           5           2            2.25
     1103638935       SFR                               1     OO        REFI                  N                                 6                    6              275000                275000               1/1/2007             12/1/2036                     1375      360   71.43     CA                   2/1/2007        N                 385000                   1       2.25               1375                                                                               91764          12/14/2006              2      XA1605DI_ARM-INTONLY                             0                 0                                 0   71.43                        649           32.33     3YR                                        12/1/2011            5           5           2            2.25
     1103638936       SFR                               1     OO        PURCHASE              N                             7.875                7.875              648000                648000              12/1/2006             11/1/2036                   4252.5      360      80     CA                   2/1/2007        N                 825000                   1       2.25             4252.5                                                                               91739          12/19/2006              2      XA1605DI_ARM-INTONLY                             0            810000                            162000     100                        648           40.65     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103638937       SFR                               1     OO        PURCHASE              N                             6.625                6.625              477400                477400               1/1/2007             12/1/2036                  2635.65      360      80     CA                   2/1/2007        N                 620000                   1       2.75            2635.65                                                                               91752          12/14/2006              2      PA1605EI_ARM-INTONLY                             0            596772                             59677      90                        647           44.38     1YR                                        12/1/2011            6           3           1            2.75
     1103638938       SFR                               1     OO        PURCHASE              N                             6.875                6.875              585000             584891.36              12/1/2006             11/1/2036                  3351.56      360      90     CA                   2/1/2007        N                 675000                   1       2.25            3351.56                                                                               90019          12/19/2006              2      BA2207DI_ARM-INTONLY                            25            650000                                 0      90                        639           37.91     NO-PREPAY                                  11/1/2013            5           5           2            2.25
     1103638939       SFR                               1     OO        REFI                  Y                             5.375                5.375              320000             319619.13               1/1/2007             12/1/2036                  1623.34      360   73.74     CA                   2/1/2007        Y                 434000                   1       2.75            1623.34                                                                               90002          12/14/2006              2      PL2603E_ARM-BALLOON                              0                 0                                 0   73.74                        630           36.94     3YR                                        12/1/2009            6           3           1            2.75
     1103638954       SFR                               1     OO        REFI                  Y                             5.875                5.875              307700                307700               2/1/2007              1/1/2037                  1506.45      360   54.47     CA                   2/1/2007        N                 565000                   1          3            1506.45                                                                               92173          12/22/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   54.47                        718           44.99     1YR                                         1/1/2012            6           3           1               3
     1103638976       SFR                               1     NOO       PURCHASE              N                             6.875                6.875              352000                352000               1/1/2007             12/1/2036                  2016.67      360      80     CA                   2/1/2007        N                 455000                   1          3            2016.67                                                                               92509          12/29/2006              1      PA0605EI_ARM-INTONLY                             0            440000                             66000      95                        771           43.55     1YR                                        12/1/2011            6           3           1               3
     1103638986       SFR                               1     NOO       PURCHASE              N                            11.575               11.575               66000              65958.31               1/1/2007             12/1/2036                   657.37      360      15     CA                   2/1/2007        N                 445000                   2          0             657.37                                                                               92509          12/29/2006              1      TF0630_FIXEDRATE                                 0            440000                                 0      95                        771           40.53     1YR                                                             0           0           0               0
     1103639022       2-4FAMILY                         2     OO        REFI                  N                                 6                    6              393500                393500               2/1/2007              1/1/2037                   1967.5      360   61.49     CA                   2/1/2007        N                 640000                   1        2.5             1967.5                                                                               92102          12/29/2006              2      PA1607EI_ARM-INTONLY                             0                 0                                 0   61.49                        677           16.66     3YR                                         1/1/2014            6           3           1             2.5
     1103639050       SFR                               1     OO        REFI                  Y                              6.25                 6.25              417000             416604.34               2/1/2007              1/1/2037                  2567.54      360   46.86     CA                   2/1/2007        N                 890000                   1          0            2567.54                                                                               94501          12/21/2006              1      PF0630_FIXEDRATE                                 0                 0                             75000   55.29                        742           31.96     1YR                                                             0           0           0               0
     1103639066       PUD                               1     NOO       REFI                  Y                              6.75                 6.75              345000             342940.63               2/1/2007              1/1/2037                  1940.63      360   58.48     CA                   2/1/2007        N                 590000                   1          0            1940.63                                                                               93463            1/5/2007              8      SF0630I_FIX-INTONLY                              0                 0                                 0   58.48                        743               0     NO-PREPAY                                                       0           0           0               0
     1103639071       SFR                               1     OO        PURCHASE              N                              8.25                 8.25              372000                372000               2/1/2007              1/1/2037                   2557.5      360      80     CA                   2/1/2007        N                 465000                   1          3             2557.5                                                                               92509          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            465000                             69750      95                        668           38.13     3YR                                         1/1/2012            6           3           1               3
     1103639115       SFR                               1     NOO       PURCHASE              N                            11.875               11.875               49000              48971.03               1/1/2007             12/1/2021                   499.31      180      10     CA                   2/1/2007        Y                 490000                   2          0             499.31                                                                               95973          12/22/2006              2      TB0630_BALLOON                                   0            490000                                 0      90                        704           20.85     3YR                                                             0           0           0               0
     1103639173       CONDO                             1     NOO       PURCHASE              N                             12.25                12.25               31500              31482.86               1/1/2007             12/1/2021                   330.09      180      10     CA                   2/1/2007        Y                 315000                   2          0             330.09                                                                               95835          12/26/2006              2      TB0630_BALLOON                                   0            315000                                 0      90                        755           29.63     3YR                                                             0           0           0               0
     1103639182       CONDO                             1     OO        REFI                  Y                              6.25                 6.25              350000                350000               1/1/2007             12/1/2036                  1822.92      360   32.72     CA                   2/1/2007        N                1070000                   1       2.75            1822.92                                                                               94115          12/18/2006              1      XA0605DI_ARM-INTONLY                             0                 0                                 0   32.72                        723            31.7     NO-PREPAY                                  12/1/2011            5           5           2            2.75
     1103639184       SFR                               1     OO        REFI                  N                             5.875                5.875              505000                505000               1/1/2007             12/1/2036                   2472.4      360   66.45     CA                   2/1/2007        N                 760000                   1       2.25             2472.4                                                                               94560          12/18/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   66.45                        773           22.43     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103639185       SFR                               1     OO        REFI                  Y                              6.25                 6.25              348000                348000               1/1/2007             12/1/2036                   1812.5      360      80     CA                   2/1/2007        N                 435000                   1       2.25             1812.5                                                                               95687          12/18/2006              1      PA1605EI_ARM-INTONLY                             0                 0                             24969   85.74                        675           43.67     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103639187       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              359700             359078.86               1/1/2007             12/1/2036                  2333.01      360   79.99     CA                   2/1/2007        N                 452000                   1       2.25            2333.01                                                                               92509          12/18/2006              2      PA1605E_ARM                                      0            449687                             89992     100                        657           22.53     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103639188       SFR                               1     NOO       REFI                  N                              6.75                 6.75              384000                384000               1/1/2007             12/1/2036                     2160      360   56.89     CA                   2/1/2007        N                 675000                   1       2.25               2160                                                                               95127          12/18/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   56.89                        685           47.63     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103639189       SFR                               1     OO        REFI                  Y                             6.375                6.375              550000                550000               1/1/2007             12/1/2036                  2921.88      360   45.53     CA                   2/1/2007        N                1208000                   1       2.25            2921.88                                                                               94941          12/18/2006              8      SA2605EI_ARM-INTONLY                             0                 0                                 0   45.53                        631               0     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103639190       SFR                               1     OO        PURCHASE              N                             6.875                6.875              862000                862000               1/1/2007             12/1/2036                  4938.54      360      80     CA                   2/1/2007        N                1077500                   1       2.25            4938.54                                                                               94556          12/18/2006              8      XA2605EI_ARM-INTONLY                             0           1077500                                 0      80                        651               0     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103639191       SFR                               1     2ND       PURCHASE              N                             6.875                6.875              198000                198000               1/1/2007             12/1/2036                  1134.38      360   79.84     CA                   2/1/2007        N                 248000                   1       2.25            1134.38                                                                               95446          12/18/2006              1      PA0605EI_ARM-INTONLY                             0            248000                             25224   90.01                        692           48.17     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103639193       CONDO                             1     OO        REFI                  N                             6.875                6.875              241600                241600               1/1/2007             12/1/2036                  1384.17      360      80     CA                   2/1/2007        N                 302000                   1       2.25            1384.17                                                                               95691          12/18/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             44998    94.9                        667            41.1     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103639196       PUD                               1     OO        REFI                  Y                             6.625                6.625              200000                200000               1/1/2007             12/1/2036                  1104.17      360   42.56     CA                   2/1/2007        N                 470000                   1       2.25            1104.17                                                                               95060          12/18/2006             12      XA2605EI_ARM-INTONLY                             0                 0                                 0   42.56                        634               0     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103639197       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              268750                268750               1/1/2007             12/1/2036                  1511.72      360      80     NV                   2/1/2007        N                 336000                   1       2.25            1511.72                                                                               89145          12/18/2006              8      SA1605EI_ARM-INTONLY                             0            335950                             67230     100                        769               0     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103639198       SFR                               1     NOO       PURCHASE              N                              6.75                 6.75              206500                206500               1/1/2007             12/1/2036                  1161.56      360      70     CA                   2/1/2007        N                 350000                   1       2.25            1161.56                                                                               95691          12/18/2006              8      SA1605EI_ARM-INTONLY                             0            295000                             59000      90                        687               0     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103639199       SFR                               1     OO        REFI                  Y                             6.625                6.625              432000                432000               1/1/2007             12/1/2036                     2385      360      80     CA                   2/1/2007        N                 540000                   1       2.25               2385                                                                               94803          12/18/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             81000      95                        718           45.21     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103639201       CONDO                             1     NOO       PURCHASE              N                               7.5                  7.5              393750                393750               1/1/2007             12/1/2036                  2460.94      360      75     NV                   2/1/2007        N                 525000                   1       2.25            2460.94                                                                               89109          12/18/2006             12      XA1605EI_ARM-INTONLY                             0            525000                                 0      75                        709               0     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103639202       SFR                               1     OO        PURCHASE              N                             6.875                6.875              175200                175200               1/1/2007             12/1/2036                  1003.75      360      80     NV                   2/1/2007        N                 220000                   1       2.25            1003.75                                                                               89030          12/18/2006              2      PA0605EI_ARM-INTONLY                             0            219000                             43800     100                        701           41.96     3YR                                        12/1/2011            6           6           2            2.25
     1103639203       SFR                               1     NOO       REFI                  Y                             6.875                6.875              354000                354000               1/1/2007             12/1/2036                  2028.13      360   71.66     CA                   2/1/2007        N                 494000                   1       2.25            2028.13                                                                               92019          12/18/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0   71.66                        644           37.75     3YR                                        12/1/2011            6           6           2            2.25
     1103639205       SFR                               1     OO        REFI                  Y                             6.625                6.625              216000             215987.03               1/1/2007             12/1/2036                   1192.5      360   78.55     NV                   2/1/2007        N                 275000                   1       2.25             1192.5                                                                               89102          12/18/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0   78.55                        732           27.58     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103639206       SFR                               1     OO        PURCHASE              N                                 6                    6              388000                388000               1/1/2007             12/1/2036                     1940      360      80     CA                   2/1/2007        N                 485000                   1       2.25               1940                                                                               93446          12/18/2006              1      PA0605EI_ARM-INTONLY                             0            485000                             97000     100                        704            44.4     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103639207       SFR                               1     OO        REFI                  N                              6.75                 6.75              641250                641250               1/1/2007             12/1/2036                  3607.03      360      75     CA                   2/1/2007        N                 855000                   1       2.25            3607.03                                                                               95746          12/18/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            213750     100                        705           33.69     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103639208       SFR                               1     OO        PURCHASE              N                             6.875                6.875              552800                552800               1/1/2007             12/1/2036                  3167.08      360      80     CA                   2/1/2007        N                 691000                   1       2.25            3167.08                                                                               91360          12/18/2006              2      PA1605EI_ARM-INTONLY                             0            691000                            138200     100                        670           45.46     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103639209       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              260000                260000               1/1/2007             12/1/2036                   1462.5      360      80     CA                   2/1/2007        N                 334000                   1       2.25             1462.5                                                                               95765          12/18/2006              2      PA0605EI_ARM-INTONLY                             0            325000                             65000     100                        697           41.35     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103639210       SFR                               1     OO        PURCHASE              N                             6.125                6.125              296000                296000               1/1/2007             12/1/2036                  1510.83      360      80     CA                   2/1/2007        N                 370000                   1       2.25            1510.83                                                                               95662          12/18/2006              2      PA0605EI_ARM-INTONLY                             0            370000                             74000     100                        725           36.13     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103639216       SFR                               1     NOO       PURCHASE              N                             7.375                7.375              228000                228000               1/1/2007             12/1/2036                  1401.25      360      80     CA                   2/1/2007        N                 285000                   1          3            1401.25                                                                               95965          12/28/2006              2      PA0605EI_ARM-INTONLY                             0            285000                             28500      90                        751           10.68     3YR                                        12/1/2011            6           3           1               3
     1103639220       SFR                               1     NOO       PURCHASE              N                            11.875               11.875               28500              28483.14               1/1/2007             12/1/2021                   290.42      180      10     CA                   2/1/2007        Y                 285000                   2          0             290.42                                                                               95965          12/28/2006              2      TB0630_BALLOON                                   0            285000                                 0      90                        751           10.68     3YR                                                             0           0           0               0
     1103639222       SFR                               1     NOO       PURCHASE              N                              8.35                 8.35              123750                123750               2/1/2007              1/1/2037                   861.09      360      75     FL                   2/1/2007        N                 165000                   1          3             861.09                                                                               33852          12/18/2006              2      PA1605EI_ARM-INTONLY                             0            165000                             33000      95                        647              45     1YR                                         1/1/2012            6           3           1               3
     1103639223       SFR                               1     NOO       PURCHASE              N                             13.95                13.95               33000              32993.93               2/1/2007              1/1/2022                    389.7      180      20     FL                   2/1/2007        Y                 165000                   2          0              389.7                                                                               33852          12/18/2006              2      TB1630_BALLOON                                   0            165000                                 0      95                        647              45     1YR                                                             0           0           0               0
     1103639266       SFR                               1     NOO       PURCHASE              N                             6.875                6.875              361600                361600               2/1/2007              1/1/2037                  2071.67      360      80     CA                   2/1/2007        N                 452000                   1          3            2071.67                                                                               95954          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            452000                             45200      90                        777           22.16     3YR                                         1/1/2012            6           3           1               3
     1103639267       SFR                               1     NOO       PURCHASE              N                            11.875               11.875               45200               45186.7               2/1/2007              1/1/2022                   460.59      180      10     CA                   2/1/2007        Y                 452000                   2          0             460.59                                                                               95954          12/29/2006              2      TB0630_BALLOON                                   0            452000                                 0      90                        777           22.16     3YR                                                             0           0           0               0
     1103639275       SFR                               1     NOO       PURCHASE              N                             6.875                6.875              332000                332000               2/1/2007              1/1/2037                  1902.08      360      80     CA                   2/1/2007        N                 415000                   1          3            1902.08                                                                               95926          12/27/2006              2      PA0605EI_ARM-INTONLY                             0            415000                             41500      90                        769           30.03     3YR                                         1/1/2012            6           3           1               3
     1103639283       SFR                               1     NOO       PURCHASE              N                            10.875               10.875               41500              41484.79               2/1/2007              1/1/2022                    391.3      180      10     CA                   2/1/2007        Y                 415000                   2          0              391.3                                                                               95926          12/27/2006              2      TB0630_BALLOON                                   0            415000                                 0      90                        769           30.03     3YR                                                             0           0           0               0
     1103639344       SFR                               1     NOO       REFI                  N                             6.375                6.375              399000                399000               2/1/2007              1/1/2037                  2119.69      360   65.52     CA                   2/1/2007        N                 609000                   1          0            2119.69                                                                               94601          12/22/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   65.52                        700           36.78     3YR                                                             0           0           0               0
     1103639397       2-4FAMILY                         2     NOO       REFI                  N                             6.375                6.375              395000                395000               2/1/2007              1/1/2037                  2098.44      360   68.11     CA                   2/1/2007        N                 580000                   1          0            2098.44                                                                               94605          12/22/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   68.11                        707           35.21     3YR                                                             0           0           0               0
     1103639419       SFR                               1     NOO       REFI                  Y                              9.25                 9.25              375000              374805.6               2/1/2007              1/1/2037                  3085.03      360   89.93     CA                   2/1/2007        N                 417000                   1        3.5            3085.03                                                                               95519            1/3/2007              2      PA0405E_ARM                                     25                 0                                 0   89.93                        704            41.8     NO-PREPAY                                   1/1/2012            6           3           1             3.5
     1103639443       D-PUDS                            1     2ND       REFI                  Y                             7.795                7.795              451000                451000               2/1/2007              1/1/2037                  2929.62      360   71.03     FL                   2/1/2007        N                 635000                   1          3            2929.62                                                                               33178          12/29/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0   71.03                                         45     1YR                                         1/1/2012            6           3           1               3
     1103639466       SFR                               1     NOO       PURCHASE              N                             6.875                6.875              384000                384000               2/1/2007              1/1/2037                     2200      360      80     CA                   2/1/2007        N                 480000                   1          3               2200                                                                               95301          12/28/2006              2      PA0605EI_ARM-INTONLY                             0            480000                             48000      90                        751           25.51     3YR                                         1/1/2012            6           3           1               3
     1103639472       SFR                               1     NOO       PURCHASE              N                            11.875               11.875               48000              47985.88               2/1/2007              1/1/2022                   489.12      180      10     CA                   2/1/2007        Y                 480000                   2          0             489.12                                                                               95301          12/28/2006              2      TB0630_BALLOON                                   0            480000                                 0      90                        751           25.51     3YR                                                             0           0           0               0
     1103639509       SFR                               1     OO        REFI                  N                               7.5                  7.5              344000                344000               1/1/2007             12/1/2036                     2150      360      80     CA                   2/1/2007        N                 430000                   1       2.75               2150                                                                               91767          12/29/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             86000     100                        676          42.371     3YR                                        12/1/2011            6           3           1             7.5
     1103639510       SFR                               1     OO        PURCHASE              N                             6.125                6.125              476000                476000               1/1/2007             12/1/2036                  2429.58      360      80     CA                   2/1/2007        N                 609000                   1       2.75            2429.58                                                                               92840          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            595000                            119000     100                        730           44.14     3YR                                        12/1/2011            6           3           1           6.125
     1103639511       SFR                               1     OO        PURCHASE              N                             7.625                7.625              228000             227668.91               1/1/2007             12/1/2036                  1613.77      360      80     CT                   2/1/2007        N                 300000                   1       2.75            1613.77                                                                               06460          12/29/2006              2      PA1605E_ARM                                      0            285000                             57000     100                        676          44.641     3YR                                        12/1/2011            6           3           1           7.625
     1103639513       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              174400                174400               1/1/2007             12/1/2036                      981      360      80     FL                   2/1/2007        N                 249000                   1       2.75                981                                                                               34953          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            218000                             43600     100                        787           30.17     3YR                                        12/1/2011            6           3           1            6.75
     1103639515       PUD                               1     OO        PURCHASE              N                             6.125                6.125              857209                857209               1/1/2007             12/1/2036                  4375.34      360   63.16     AZ                   2/1/2007        N                1360000                   1       2.75            4375.34                                                                               85255          12/29/2006              2      PA0605EI_ARM-INTONLY                             0           1357209                                 0   63.16                        770           39.64     1YR                                        12/1/2011            6           3           1           6.125
     1103639517       TOWNHOUSE                         1     OO        REFI                  Y                              8.25                 8.25              104000                104000               1/1/2007             12/1/2036                      715      360      80     DE                   2/1/2007        N                 130000                   1       2.75                715                                                                               19801          12/29/2006              1      PA2605EI_ARM-INTONLY                             0                 0                             26000     100                        623          43.573     1YR                                        12/1/2011            6           3           1            8.25
     1103639518       PUD                               1     OO        PURCHASE              N                                 6                    6             1200000               1200000               1/1/2007             12/1/2036                     6000      360   66.67     AZ                   2/1/2007        N                1800000                   1       3.25               6000                                                                               85262          12/29/2006              2      XA1605EI_ARM-INTONLY                             0           1800000                            400000   88.89                        675          29.479     1YR                                        12/1/2011            5           5           1               6
     1103639519       SFR                               1     OO        PURCHASE              N                             6.625                6.625              383200                383200               1/1/2007             12/1/2036                  2115.58      360      80     CA                   2/1/2007        N                 480000                   1       2.75            2115.58                                                                               90262          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            479000                             95800     100                        683              39     3YR                                        12/1/2011            6           3           1           6.625
     1103639520       SFR                               1     OO        PURCHASE              N                             6.375                6.375              444000                444000               1/1/2007             12/1/2036                  2358.75      360      80     CA                   2/1/2007        N                 555000                   1       2.75            2358.75                                                                               90037          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            555000                            111000     100                        674          39.612     3YR                                        12/1/2011            6           3           1           6.375
     1103639521       PUD                               1     NOO       PURCHASE              N                              8.75                 8.75              232000                232000               1/1/2007             12/1/2036                  1691.67      360      80     MD                   2/1/2007        N                 295000                   1       2.75            1691.67                                                                               20707          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            290000                             43500      95                        649           48.31     NO-PREPAY                                  12/1/2011            6           3           1            8.75
     1103639524       2-4FAMILY                         3     OO        PURCHASE              N                              7.25                 7.25              312000                312000               1/1/2007             12/1/2036                     1885      360      80     CT                   2/1/2007        N                 390000                   1       2.75               1885                                                                               06610          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            390000                             78000     100                        741           36.92     3YR                                        12/1/2011            6           3           1            7.25
     1103639525       PUD                               1     OO        PURCHASE              N                             7.375                7.375              420000                420000               1/1/2007             12/1/2036                  2581.25      360      80     CA                   2/1/2007        N                 525000                   1       2.75            2581.25                                                                               91784          12/29/2006              8      SA1605EI_ARM-INTONLY                             0            525000                            105000     100                        707               0     3YR                                        12/1/2011            6           3           1           7.375
     1103639527       SFR                               1     OO        REFI                  N                              6.99                 6.99              255200                255200               1/1/2007             12/1/2036                  1486.54      360      80     CA                   2/1/2007        N                 319000                   1       2.75            1486.54                                                                               93657          12/29/2006              8      SA1605EI_ARM-INTONLY                             0                 0                             63800     100                        720               0     3YR                                        12/1/2011            6           3           1            6.99
     1103639529       SFR                               1     OO        REFI                  N                             6.125                6.125             1658400               1658400               1/1/2007             12/1/2036                  8464.75      360   17.46     CA                   2/1/2007        N                9500000                   1       2.75            8464.75                                                                               90049          12/29/2006              2      PA1610EI_ARM-INTONLY                             0                 0                                 0   17.46                        677          24.176     NO-PREPAY                                  12/1/2016            6           5           1           6.125
     1103639530       PUD                               1     OO        PURCHASE              N                              7.25                 7.25              124128             123664.28               1/1/2007             12/1/2036                   846.77      360      80     TX                   2/1/2007        N                 158000                   1       2.75             846.77                                                                               77388          12/29/2006              2      PA1605E_ARM                                      0            155160                             31032     100                        661          45.054     3YR                                        12/1/2011            6           3           1            7.25
     1103639531       2-4FAMILY                         2     OO        PURCHASE              N                             6.875                6.875              488000                488000               1/1/2007             12/1/2036                  2795.83      360      80     CA                   2/1/2007        N                 610000                   1       2.75            2795.83                                                                               90304          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            610000                            122000     100                        804          43.998     3YR                                        12/1/2011            6           3           1           6.875
     1103639532       PUD                               1     NOO       REFI                  N                             6.875                6.875              416000                416000               1/1/2007             12/1/2036                  2383.33      360   58.11     VA                   2/1/2007        N                 716000                   1       2.75            2383.33                                                                               22553          12/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   58.11                        730           17.88     3YR                                        12/1/2011            6           3           1           6.875
     1103639533       PUD                               1     NOO       REFI                  N                             6.875                6.875              346000                346000               1/1/2007             12/1/2036                  1982.29      360   49.46     VA                   2/1/2007        N                 699600                   1       2.75            1982.29                                                                               22553          12/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   49.46                        730          25.062     3YR                                        12/1/2011            6           3           1           6.875
     1103639534       SFR                               1     OO        REFI                  Y                                 7                    7              332000             331454.14               1/1/2007             12/1/2036                   2208.8      360      80     MD                   2/1/2007        N                 415000                   1       2.75             2208.8                                                                               20716          12/29/2006             12      SA2605E_ARM                                      0                 0                                 0      80                        667               0     NO-PREPAY                                  12/1/2011            6           3           1               7
     1103639535       SFR                               1     OO        PURCHASE              N                              6.99                 6.99              300000                300000               1/1/2007             12/1/2036                   1747.5      360      80     CA                   2/1/2007        N                 375000                   1       2.75             1747.5                                                                               92372          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            375000                             56250      95                        644           37.42     3YR                                        12/1/2011            6           3           1            6.99
     1103639536       SFR                               1     NOO       PURCHASE              N                             7.625                7.625              155920                155920               1/1/2007             12/1/2036                   990.74      360      80     VA                   2/1/2007        N                 197000                   1       2.75             990.74                                                                               23504          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            194900                             29235      95                        654          41.256     3YR                                        12/1/2011            6           3           1           7.625
     1103639537       2-4FAMILY                         4     OO        PURCHASE              N                              7.25                 7.25              502000                502000               1/1/2007             12/1/2036                  3032.92      360      80     CA                   2/1/2007        N                 627500                   1       2.75            3032.92                                                                               90003          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            627500                            125500     100                        728          41.465     1YR                                        12/1/2011            6           3           1           7.125
     1103639538       PUD                               1     OO        PURCHASE              N                              7.25                 7.25              244000                244000               1/1/2007             12/1/2036                  1474.17      360      80     FL                   2/1/2007        N                 320000                   1       2.75            1474.17                                                                               34761          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            305000                             61000     100                        645          44.868     3YR                                        12/1/2011            6           3           1            7.25
     1103639539       SFR                               1     OO        REFI                  N                             6.375                6.375              380000             379294.21               1/1/2007             12/1/2036                  2370.71      360      80     CT                   2/1/2007        N                 475000                   1       2.75            2370.71                                                                               06854          12/29/2006             12      SA1605E_ARM                                      0                 0                                 0      80                        751               0     3YR                                        12/1/2011            6           3           1           6.375
     1103639541       PUD                               1     NOO       PURCHASE              N                              6.75                 6.75              184000                183935               1/1/2007             12/1/2036                     1035      360      80     AZ                   2/1/2007        N                 236000                   1       2.75               1035                                                                               85041          12/29/2006             17      PA0605EI_ARM-INTONLY                             0            230000                                 0      80                        693          32.146     3YR                                        12/1/2011            6           3           1            6.75
     1103639542       SFR                               1     OO        REFI                  N                             6.875                6.875              136125             135895.63               1/1/2007             12/1/2036                   894.24      360      75     FL                   2/1/2007        N                 181500                   1       2.75             894.24                                                                               32927          12/29/2006             12      SA2610E_ARM                                      0                 0                                 0      75                        660               0     3YR                                        12/1/2016            6           5           1           6.875
     1103639543       PUD                               1     NOO       PURCHASE              N                              8.75                 8.75              262240                262240               1/1/2007             12/1/2036                  1912.17      360      80     CO                   2/1/2007        N                 330000                   1       2.75            1912.17                                                                               80234          12/29/2006              8      SA1605EI_ARM-INTONLY                             0            327800                             49170      95                        688               0     3YR                                        12/1/2011            6           3           1            8.75
     1103639544       SFR                               1     OO        PURCHASE              N                             8.375                8.375              352000                352000               1/1/2007             12/1/2036                  2456.67      360      80     IL                   2/1/2007        N                 440000                   1       2.75            2456.67                                                                               60411          12/29/2006             17      PA0605EI_ARM-INTONLY                             0            440000                             88000     100                        726          39.572     NO-PREPAY                                  12/1/2011            6           3           1           8.375
     1103639545       SFR                               1     OO        PURCHASE              N                             6.375                6.375              280000                280000               1/1/2007             12/1/2036                   1487.5      360      80     CA                   2/1/2007        N                 350000                   1       2.75             1487.5                                                                               90011          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            350000                             70000     100                        673          33.719     3YR                                        12/1/2011            6           3           1           6.375
     1103639566       SFR                               1     OO        PURCHASE              N                             7.125                7.125              240000                240000               1/1/2007             12/1/2036                     1425      360      75     VA                   2/1/2007        N                 320000                   1          4               1425                                                                               23454          12/27/2006              8      SA2605EI_ARM-INTONLY                             0            320000                             80000     100                        691               0     2YR                                        12/1/2011            6           6           2               4
     1103639569       2-4FAMILY                         2     OO        PURCHASE              N                             7.125                7.125               96750                 96750               1/1/2007             12/1/2036                   574.45      360      75     VA                   2/1/2007        N                 140000                   1          4             574.45                                                                               23504          12/27/2006             12      SA0605EI_ARM-INTONLY                             0            129000                             19350      90                        690               0     2YR                                        12/1/2011            6           6           2               4
     1103639570       TOWNHOUSE                         1     OO        REFI                  Y                             7.125                7.125              322500                322500               1/1/2007             12/1/2036                  1914.84      360      75     MD                   2/1/2007        N                 430000                   1          4            1914.84                                                                               21113          12/27/2006              8      SA0605EI_ARM-INTONLY                             0                 0                            107500     100                        681               0     2YR                                        12/1/2011            6           6           2               4
     1103639574       CONDO                             1     OO        REFI                  Y                              7.25                 7.25              202500                202500               1/1/2007             12/1/2036                  1223.44      360   73.64     MD                   2/1/2007        N                 275000                   1          4            1223.44                                                                               20879          12/27/2006              8      SA2605EI_ARM-INTONLY                             0                 0                             59750   95.37                        626               0     2YR                                        12/1/2011            6           6           2               4
     1103639576       SFR                               1     OO        PURCHASE              N                              8.75                 8.75              448000                448000               1/1/2007             12/1/2036                  3266.67      360      80     VA                   2/1/2007        N                 675000                   1          4            3266.67                                                                               22101          12/27/2006              8      SA2605EI_ARM-INTONLY                             0            560000                            112000     100                        636               0     2YR                                        12/1/2011            6           6           2               4
     1103639577       TOWNHOUSE                         1     OO        REFI                  N                             6.375                6.375              316600             316549.66               1/1/2007             12/1/2036                  1681.94      360   79.15     MD                   2/1/2007        N                 400000                   1          4            1681.94                                                                               21666          12/27/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   79.15                        720           47.56     2YR                                        12/1/2011            6           6           2               4
     1103639578       TOWNHOUSE                         1     OO        PURCHASE              N                              7.25                 7.25              319900                319900               1/1/2007             12/1/2036                  1932.73      360      80     MD                   2/1/2007        N                 402000                   1          4            1932.73                                                                               20879          12/27/2006              8      SA0605EI_ARM-INTONLY                             0            399900                             79950   99.99                        687               0     2YR                                        12/1/2011            6           6           2               4
     1103639581       TOWNHOUSE                         1     OO        PURCHASE              N                             7.125                7.125              434850                434850               1/1/2007             12/1/2036                  2581.92      360      80     VA                   2/1/2007        N                 566000                   1          4            2581.92                                                                               22407          12/27/2006             12      SA2605EI_ARM-INTONLY                             0            543616                             54350   89.99                        679               0     2YR                                        12/1/2011            6           6           2               4
     1103639594       SFR                               1     NOO       PURCHASE              N                             12.25                12.25               35000              34980.96               1/1/2007             12/1/2021                   366.76      180      20     VA                   2/1/2007        Y                 210000                   2          0             366.76                                                                               23220          12/27/2006              8      UB1330_BALLOON                                   0            175000                                 0      95                        671               0     2YR                                                             0           0           0               0
     1103639624       SFR                               1     NOO       REFI                  Y                              7.75                 7.75               64000              63909.37               1/1/2007             12/1/2036                    458.5      360      80     TN                   2/1/2007        N                  80000                   1       3.25              458.5                                                                               37917          12/18/2006              2      XA1605D_ARM                                      0                 0                                 0      80                        657           24.02     1YR                                        12/1/2011            5           5           2            3.25
     1103639625       SFR                               1     NOO       REFI                  Y                               6.5                  6.5              455000                455000               1/1/2007             12/1/2036                  2464.58      360      65     NJ                   2/1/2007        N                 700000                   1       3.25            2464.58                                                                               07740          12/18/2006              2      XA0605DI_ARM-INTONLY                             0                 0                             99960   79.28                        687              36     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103639626       TOWNHOUSE                         1     NOO       PURCHASE              N                             7.125                7.125              104000                104000               1/1/2007             12/1/2036                    617.5      360      80     FL                   2/1/2007        N                 196000                   1       3.25              617.5                                                                               32250          12/18/2006              2      XA0605DI_ARM-INTONLY                             0            130000                                 0      80                        748           26.34     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103639627       TOWNHOUSE                         1     NOO       PURCHASE              N                             7.125                7.125              104000                104000               1/1/2007             12/1/2036                    617.5      360      80     FL                   2/1/2007        N                 196000                   1       3.25              617.5                                                                               32250          12/18/2006              2      XA0605DI_ARM-INTONLY                             0            130000                                 0      80                        748           26.34     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103639628       SFR                               1     NOO       PURCHASE              N                                 7                    7              417000                417000               1/1/2007             12/1/2036                   2432.5      360    66.2     CA                   2/1/2007        N                 630000                   1       3.25             2432.5                                                                               92505          12/18/2006              2      XA1605DI_ARM-INTONLY                             0            630000                                 0    66.2                        654           35.03     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103639629       SFR                               1     NOO       PURCHASE              N                                 7                    7              143600                143600               1/1/2007             12/1/2036                   837.67      360      80     UT                   2/1/2007        N                 180000                   1       3.25             837.67                                                                               84058          12/18/2006              2      XA0605DI_ARM-INTONLY                             0            179500                             17950      90                        710           43.35     3YR                                        12/1/2011            5           5           2            3.25
     1103639630       SFR                               1     NOO       REFI                  Y                             6.875                6.875              309600                309600               1/1/2007             12/1/2036                  1773.75      360      80     AZ                   2/1/2007        N                 387000                   1       3.25            1773.75                                                                               85257          12/18/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0      80                        690           38.16     3YR                                        12/1/2011            5           5           2            3.25
     1103639631       SFR                               1     NOO       REFI                  Y                               6.5                  6.5              154000                154000               1/1/2007             12/1/2036                   834.17      360   53.48     AZ                   2/1/2007        N                 288000                   1       3.25             834.17                                                                               85013          12/18/2006             12      XA0605DI_ARM-INTONLY                             0                 0                                 0   53.48                        683               0     3YR                                        12/1/2011            5           5           2            3.25
     1103639632       SFR                               1     NOO       REFI                  Y                               6.5                  6.5              253500                253500               1/1/2007             12/1/2036                  1373.13      360      65     CA                   2/1/2007        N                 390000                   1       3.25            1373.13                                                                               95377          12/18/2006              2      XA1605DI_ARM-INTONLY                             0                 0                                 0      65                        659           37.05     1YR                                        12/1/2011            5           5           2            3.25
     1103639633       SFR                               1     NOO       REFI                  Y                               6.5                  6.5              245000                245000               1/1/2007             12/1/2036                  1327.08      360   56.98     CA                   2/1/2007        N                 430000                   1       3.25            1327.08                                                                               95377          12/18/2006              2      XA1605DI_ARM-INTONLY                             0                 0                                 0   56.98                        659           36.69     1YR                                        12/1/2011            5           5           2            3.25
     1103639634       CONDO                             1     NOO       REFI                  Y                             6.875                6.875              529750                529750               1/1/2007             12/1/2036                  3035.03      360      65     CA                   2/1/2007        N                 815000                   1       3.25            3035.03                                                                               93546          12/18/2006              8      XA0605DI_ARM-INTONLY                             0                 0                                 0      65                        769               0     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103639635       2-4FAMILY                         2     NOO       REFI                  Y                                 7                    7              118000                118000              12/1/2006             11/1/2036                   688.33      360      80     CT                   2/1/2007        N                 147500                   1       3.25             688.33                                                                               06705          12/18/2006              2      XA1605DI_ARM-INTONLY                             0                 0                                 0      80                        652           27.06     1YR                                        11/1/2011            5           5           2            3.25
     1103639636       SFR                               1     NOO       REFI                  Y                              6.75                 6.75              237000                237000               1/1/2007             12/1/2036                  1333.13      360   67.72     MD                   2/1/2007        N                 350000                   1       3.25            1333.13                                                                               20748          12/18/2006              2      XA1605DI_ARM-INTONLY                             0                 0                                 0   67.72                        672           30.04     3YR                                        12/1/2011            5           5           2            3.25
     1103639637       SFR                               1     OO        REFI                  N                               6.5                  6.5              202000             201633.79               1/1/2007             12/1/2036                  1276.78      360   79.22     NH                   2/1/2007        N                 255000                   1       2.25            1276.78                                                                               03835          12/18/2006              1      XA2605D_ARM                                      0                 0                             25016   89.03                        637              45     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103639638       SFR                               1     OO        REFI                  Y                              6.25                 6.25              175000             174667.03               1/1/2007             12/1/2036                  1077.51      360      70     ME                   2/1/2007        N                 250000                   1       2.25            1077.51                                                                               04092          12/18/2006              2      XA0605D_ARM                                      0                 0                                 0      70                        705           30.75     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103639639       SFR                               1     OO        PURCHASE              N                                 7                    7              226800                226800               1/1/2007             12/1/2036                     1323      360      80     MA                   2/1/2007        N                 289000                   1       2.25               1323                                                                               02648          12/18/2006              1      XA1605DI_ARM-INTONLY                             0            283500                             56700     100                        669            43.6     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103639640       SFR                               1     OO        PURCHASE              N                             5.375                5.375              550800                550800               1/1/2007             12/1/2036                  2467.13      360      80     NJ                   2/1/2007        N                 725500                   1       2.25            2467.13                                                                               08003          12/18/2006              1      XA0605DI_ARM-INTONLY                             0            688500                                 0      80                        792           35.64     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103639641       PUD                               1     OO        REFI                  Y                             5.875                5.875              592000                592000               1/1/2007             12/1/2036                  2898.33      360   65.64     VA                   2/1/2007        N                 902000                   1       2.25            2898.33                                                                               20187          12/18/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0   65.64                        764           42.93     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103639642       PUD                               1     OO        PURCHASE              N                              6.25                 6.25              495000                495000               1/1/2007             12/1/2036                  2578.13      360   58.58     CA                   2/1/2007        N                 875000                   1       2.25            2578.13                                                                               94952          12/18/2006              2      XA0605DI_ARM-INTONLY                             0            845000                                 0   58.58                        796           42.67     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103639643       SFR                               1     OO        REFI                  Y                             5.875                5.875              873000                873000               1/1/2007             12/1/2036                  4274.06      360   74.94     CA                   2/1/2007        N                1165000                   1       2.25            4274.06                                                                               95070          12/18/2006              1      XA0605DI_ARM-INTONLY                             0                 0                                 0   74.94                        690            43.4     3YR                                        12/1/2011            5           5           2            2.25
     1103639644       CONDO                             1     OO        PURCHASE              N                               6.5                  6.5              410000              409256.7               1/1/2007             12/1/2036                  2591.48      360    69.5     CA                   2/1/2007        N                 640000                   1       3.25            2591.48                                                                               92782          12/18/2006             12      XA0605D_ARM                                      0            590000                                 0    69.5                        743               0     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103639645       SFR                               1     OO        REFI                  Y                               6.5                  6.5              266000             265517.76               1/1/2007             12/1/2036                   1681.3      360   67.18     MD                   2/1/2007        N                 396000                   1       3.25             1681.3                                                                               20601          12/18/2006              2      XA1605D_ARM                                      0                 0                                 0   67.18                        666           27.79     3YR                                        12/1/2011            5           5           2            3.25
     1103639646       SFR                               1     OO        PURCHASE              N                             7.375                7.375             1333500               1333500               1/1/2007             12/1/2036                  8195.47      360      70     NJ                   2/1/2007        N                2000000                   1       3.25            8195.47                                                                               07722          12/18/2006              2      XA0605DI_ARM-INTONLY                             0           1905000                            381000      90                        684              37     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103639647       2-4FAMILY                         2     OO        REFI                  N                             6.625                6.625              368000                368000               1/1/2007             12/1/2036                  2031.67      360      80     MA                   2/1/2007        N                 460000                   1       3.25            2031.67                                                                               01960          12/18/2006              2      XA0605DI_ARM-INTONLY                             0                 0                             92000     100                        716              44     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103639648       SFR                               1     OO        REFI                  Y                             6.625                6.625             1333800               1333800               1/1/2007             12/1/2036                  7363.69      360      60     FL                   2/1/2007        N                2223000                   1       3.25            7363.69                                                                               32080          12/18/2006             12      XA0605DI_ARM-INTONLY                             0                 0                                 0      60                        681               0     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103639649       SFR                               1     OO        PURCHASE              N                                 7                    7              454139                454134               1/1/2007             12/1/2036                  2649.14      360      70     IL                   2/1/2007        N                 650000                   1       3.25            2649.14                                                                               60103          12/18/2006              8      XA0605DI_ARM-INTONLY                             0            648771                            194631     100                        704               0     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103639650       2-4FAMILY                         2     OO        REFI                  Y                             6.875                6.875              480000                480000               1/1/2007             12/1/2036                     2750      360      75     NJ                   2/1/2007        N                 640000                   1       3.25               2750                                                                               07407          12/18/2006              8      XA1605DI_ARM-INTONLY                             0                 0                            128000      95                        668               0     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103639651       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              616000                616000               1/1/2007             12/1/2036                  3336.67      360      80     CA                   2/1/2007        N                 770000                   1       3.25            3336.67                                                                               95129          12/18/2006              2      XA0605DI_ARM-INTONLY                             0            770000                            149996   99.48                        689           45.71     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103639652       PUD                               1     OO        PURCHASE              N                              6.75                 6.75              244000                244000               1/1/2007             12/1/2036                   1372.5      360      80     CA                   2/1/2007        N                 305000                   1       3.25             1372.5                                                                               95401          12/18/2006              2      XA0605DI_ARM-INTONLY                             0            305000                             61000     100                        810           49.99     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103639653       SFR                               1     OO        PURCHASE              N                             6.375                6.375              583200                583200               1/1/2007             12/1/2036                  3098.25      360      80     CA                   2/1/2007        N                 759500                   1       3.25            3098.25                                                                               95492          12/18/2006              2      XA0605DI_ARM-INTONLY                             0            729000                            109350      95                        707           46.35     3YR                                        12/1/2011            5           5           2            3.25
     1103639654       SFR                               1     OO        REFI                  N                             6.375                6.375              324000                324000               1/1/2007             12/1/2036                  1721.25      360      80     CA                   2/1/2007        N                 405000                   1       3.25            1721.25                                                                               90002          12/18/2006              2      XA0605DI_ARM-INTONLY                             0                 0                             81000     100                        698           43.11     3YR                                        12/1/2011            5           5           2            3.25
     1103639655       CONDO                             1     OO        REFI                  Y                             6.875                6.875              240000             239990.07               1/1/2007             12/1/2036                     1375      360      80     AZ                   2/1/2007        N                 300000                   1       3.25               1375                                                                               85268          12/18/2006              1      XA1605DI_ARM-INTONLY                             0                 0                                 0      80                        649           43.05     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103639656       SFR                               1     OO        REFI                  Y                              7.25                 7.25              196000             195999.99               1/1/2007             12/1/2036                  1184.17      360      80     AZ                   2/1/2007        N                 245000                   1       3.25            1184.17                                                                               85301          12/18/2006              1      XA2605DI_ARM-INTONLY                             0                 0                             49000     100                        629           30.93     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103639657       PUD                               1     OO        PURCHASE              N                             6.375                6.375              150000                150000               1/1/2007             12/1/2036                   796.88      360   30.62     AZ                   2/1/2007        N                 490000                   1       3.25             796.88                                                                               86351          12/18/2006             12      XA0605DI_ARM-INTONLY                             0            490000                                 0   30.62                        816               0     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103639658       SFR                               1     OO        REFI                  Y                             6.875                6.875              252000                252000               1/1/2007             12/1/2036                  1443.75      360      80     CA                   2/1/2007        N                 315000                   1       3.25            1443.75                                                                               95843          12/18/2006              2      XA0605DI_ARM-INTONLY                             0                 0                             55976   97.78                        713           42.57     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103639659       CONDO                             1     OO        REFI                  Y                               6.5                  6.5              175000                175000               1/1/2007             12/1/2036                   947.92      360   41.67     CA                   2/1/2007        N                 420000                   1       3.25             947.92                                                                               94577          12/18/2006             12      XA2605DI_ARM-INTONLY                             0                 0                                 0   41.67                        628               0     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103639660       SFR                               1     OO        PURCHASE              N                             6.375                6.375              260000                260000               1/1/2007             12/1/2036                  1381.25      360      80     CA                   2/1/2007        N                 325000                   1       3.25            1381.25                                                                               95376          12/18/2006              2      XA0605DI_ARM-INTONLY                             0            325000                             65000     100                        751           43.95     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103639661       SFR                               1     OO        REFI                  N                               6.5                  6.5              317500             317460.46               1/1/2007             12/1/2036                  1719.79      360    75.6     CA                   2/1/2007        N                 420000                   1       3.25            1719.79                                                                               95758          12/18/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0    75.6                        692           46.47     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103639662       PUD                               1     OO        PURCHASE              N                               6.5                  6.5              468000                468000               1/1/2007             12/1/2036                     2535      360      80     CA                   2/1/2007        N                 585000                   1       3.25               2535                                                                               94577          12/18/2006              2      XA0605DI_ARM-INTONLY                             0            585000                             58500      90                        745           41.82     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103639663       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              750000                750000               1/1/2007             12/1/2036                  3906.25      360   78.13     CA                   2/1/2007        N                 960000                   1       3.25            3906.25                                                                               95945          12/18/2006              2      XA0605DI_ARM-INTONLY                             0            960000                            199968   98.96                        718           28.17     3YR                                        12/1/2011            5           5           2            3.25
     1103639664       SFR                               1     OO        REFI                  Y                               6.5                  6.5              496000                496000               1/1/2007             12/1/2036                  2686.67      360      80     CA                   2/1/2007        N                 620000                   1       3.25            2686.67                                                                               91790          12/18/2006              2      XA1605DI_ARM-INTONLY                             0                 0                                 0      80                        648           35.99     3YR                                        12/1/2011            5           5           2            3.25
     1103639666       PUD                               1     OO        PURCHASE              N                              6.75                 6.75              221600                221600               1/1/2007             12/1/2036                   1246.5      360      80     MD                   2/1/2007        N                 277000                   1       3.25             1246.5                                                                               20743          12/18/2006              8      XA1605DI_ARM-INTONLY                             0            277000                             55400     100                        669               0     3YR                                        12/1/2011            5           5           2            3.25
     1103639667       CONDO                             1     OO        REFI                  N                              7.75                 7.75              156000             155994.98               1/1/2007             12/1/2036                   1007.5      360      80     MD                   2/1/2007        N                 195000                   1       3.25             1007.5                                                                               21209          12/18/2006              2      XA1605DI_ARM-INTONLY                             0                 0                             29250      95                        645           31.24     3YR                                        12/1/2011            5           5           2            3.25
     1103639668       SFR                               1     OO        PURCHASE              N                             6.875                6.875              316000                316000               1/1/2007             12/1/2036                  1810.42      360      80     VA                   2/1/2007        N                 395000                   1       3.25            1810.42                                                                               22191          12/18/2006              8      XA0605DI_ARM-INTONLY                             0            395000                             79000     100                        803               0     1YR                                        12/1/2011            5           5           2            3.25
     1103639669       PUD                               1     2ND       REFI                  Y                               6.5                  6.5              220720                220720               1/1/2007             12/1/2036                  1195.57      360      80     FL                   2/1/2007        N                 275900                   1       2.25            1195.57                                                                               34746          12/18/2006              1      XA0605DI_ARM-INTONLY                             0                 0                                 0      80                        813           34.49     1YR                                        12/1/2011            5           5           2            2.25
     1103639675       SFR                               1     OO        REFI                  Y                             6.625                6.625              337500                337500               1/1/2007             12/1/2036                  1863.28      360      75     FL                   2/1/2007        N                 450000                   1       2.25            1863.28                                                                               33177          12/15/2006              8      SA2605EI_ARM-INTONLY                             0                 0                                 0      75                        678               0     3YR                                        12/1/2011            6           6           2            2.25
     1103639679       CONDO                             1     2ND       PURCHASE              N                               6.5                  6.5              153450                153450               1/1/2007             12/1/2036                   831.19      360   49.99     FL                   2/1/2007        N                 315000                   1       2.25             831.19                                                                               33178          12/28/2006              1      XA2605EI_ARM-INTONLY                             0            306990                                 0   49.99                        620           22.81     3YR                                        12/1/2011            6           6           2            2.25
     1103639680       PUD                               1     OO        REFI                  N                             6.375                6.375              999000                999000               1/1/2007             12/1/2036                  5307.19      360      74     NC                   2/1/2007        N                1350000                   1       2.25            5307.19                                                                               28117          12/15/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      74                        708           37.45     6MO                                        12/1/2011            6           6           2            2.25
     1103639682       SFR                               1     OO        REFI                  Y                              6.25                 6.25              268000                268000               1/1/2007             12/1/2036                  1395.83      360   73.83     IL                   2/1/2007        N                 363000                   1       2.25            1395.83                                                                               60164          12/15/2006              2      PA0603EI_ARM-INTONLY                             0                 0                             27000   81.27                        766           46.56     NO-PREPAY                                  12/1/2009            6           2           1            2.25
     1103639684       SFR                               1     OO        PURCHASE              N                             6.875                6.875              152800                152800               1/1/2007             12/1/2036                   875.42      360      80     SC                   2/1/2007        N                 195000                   1       2.25             875.42                                                                               29910          12/15/2006              2      PA0605EI_ARM-INTONLY                             0            191000                             38200     100                        745           42.24     NO-PREPAY                                  12/1/2011            5           5           1            2.25
     1103639685       SFR                               1     OO        PURCHASE              N                             6.875                6.875              183340                183340               1/1/2007             12/1/2036                  1050.39      360      80     FL                   2/1/2007        N                 240000                   1       2.25            1050.39                                                                               32907          12/15/2006              1      PA0605EI_ARM-INTONLY                             0            229175                             45835     100                        695            39.9     NO-PREPAY                                  12/1/2011            5           5           1            2.25
     1103639686       CONDO                             1     OO        PURCHASE              N                              6.75                 6.75              131600                131600               1/1/2007             12/1/2036                   740.25      360      80     SC                   2/1/2007        N                 172000                   1       2.25             740.25                                                                               29928          12/15/2006              2      PA0605EI_ARM-INTONLY                             0            164500                             32900     100                        771           25.62     NO-PREPAY                                  12/1/2011            5           5           1            2.25
     1103639687       CONDO                             1     OO        PURCHASE              N                               7.5                  7.5              193592                193592               1/1/2007             12/1/2036                  1209.95      360      80     FL                   2/1/2007        N                 242000                   1       2.25            1209.95                                                                               33176          12/15/2006              2      PA0605EI_ARM-INTONLY                             0            241990                             48398     100                        690            41.5     3YR                                        12/1/2011            6           6           2            2.25
     1103639688       SFR                               1     OO        PURCHASE              N                             6.875                6.875              239992                239992               1/1/2007             12/1/2036                  1374.95      360      80     FL                   2/1/2007        N                 315000                   1       2.25            1374.95                                                                               33196          12/15/2006              8      SA2605EI_ARM-INTONLY                             0            299990                             59998     100                        639               0     3YR                                        12/1/2011            6           6           2            2.25
     1103639689       SFR                               1     OO        REFI                  Y                              6.75                 6.75              174400             174098.84               1/1/2007             12/1/2036                  1131.16      360      80     IL                   2/1/2007        N                 218000                   1          5            1131.16                                                                               60440          12/15/2006              2      PA0603E_ARM                                      0                 0                             43600     100                        717           19.27     NO-PREPAY                                  12/1/2009            6           2           2               5
     1103639691       SFR                               1     OO        REFI                  Y                              6.75                 6.75              135800                135800               1/1/2007             12/1/2036                   763.88      360   79.89     FL                   2/1/2007        N                 170000                   1       2.25             763.88                                                                               32712          12/15/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   79.89                        691           24.83     3YR                                        12/1/2011            6           6           2            2.25
     1103639727       SFR                               1     OO        REFI                  N                              5.75                 5.75              256000                256000               2/1/2007              1/1/2037                  1226.67      360      80     CA                   2/1/2007        N                 320000                   1          3            1226.67                                                                               92345            1/3/2007              1      PA1605EI_ARM-INTONLY                             0                 0                             48000      95                        671           47.93     3YR                                         1/1/2012            6           3           1               3
     1103639769       HI-RISE                           1     2ND       PURCHASE              N                             7.375                7.375              408750                408750               2/1/2007              1/1/2037                  2512.11      360      75     NV                   2/1/2007        N                 600000                   1          3            2512.11                                                                               89109          12/29/2006              2      PA1607EI_ARM-INTONLY                             0            545000                                 0      75                        677           38.02     1YR                                         1/1/2014            6           3           1               3
     1103639778       SFR                               1     OO        PURCHASE              N                             6.375                6.375              466500                466500               2/1/2007              1/1/2037                  2478.28      360      75     CA                   2/1/2007        N                 630000                   1          3            2478.28                                                                               91345          12/26/2006              2      PA0605EI_ARM-INTONLY                             0            622000                             93300      90                        708            45.9     2YR                                         1/1/2012            6           3           1               3
     1103639816       SFR                               1     NOO       REFI                  Y                             6.875                6.875              166500             166360.12               2/1/2007              1/1/2037                  1093.79      360      75     CA                   2/1/2007        N                 222000                   1          0            1093.79                                                                               93292          12/22/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      75                        686           27.69     2YR                                                             0           0           0               0
     1103639826       TOWNHOUSE                         1     NOO       PURCHASE              N                            10.375               10.375              156591                156591               1/1/2007             12/1/2036                  1353.86      360      90     FL                   2/1/2007        N                 234000                   1      3.875            1353.86                                                                               33032          12/13/2006             17      PA1405EI_ARM-INTONLY                            25            173990                                 0      90                        669              44     1YR                                        12/1/2011            6           3           1           3.875
     1103639833       SFR                               1     NOO       REFI                  N                             5.625                5.625              170000             169818.26               2/1/2007              1/1/2037                   978.62      360   52.31     CA                   2/1/2007        N                 325000                   1          3             978.62                                                                               95204          12/22/2006              1      PA0605E_ARM                                      0                 0                                 0   52.31                        754           42.32     NO-PREPAY                                   1/1/2012            6           3           1               3
     1103639881       SFR                               1     OO        REFI                  Y                             6.375                6.375              149500             149361.53               2/1/2007              1/1/2037                   932.69      360   49.84     CA                   2/1/2007        N                 300000                   1          0             932.69                                                                               92543          12/26/2006             17      PF0630_FIXEDRATE                                 0                 0                                 0   49.84                        725              40     3YR                                                             0           0           0               0
     1103639893       CONDO                             1     OO        REFI                  N                               7.5                  7.5              672000                672000               2/1/2007              1/1/2037                     4200      360      80     CA                   2/1/2007        N                 840000                   1       2.75               4200                                                                               92673          12/18/2006              2      PA1607EI_ARM-INTONLY                             0                 0                            126000      95                        651            39.5     NO-PREPAY                                   1/1/2014            6           3           1            2.75
     1103639912       SFR                               1     OO        PURCHASE              N                               7.5                  7.5              174400                174400               1/1/2007             12/1/2036                     1090      360      80     FL                   2/1/2007        N                 230000                   1          3               1090                                                                               34231          12/21/2006              2      PA0605EI_ARM-INTONLY                             0            218000                             43600     100                        807            41.4     3YR                                        12/1/2011            6           3           1             7.5
     1103639918       SFR                               1     OO        PURCHASE              N                              7.75                 7.75              760000                760000               2/1/2007              1/1/2037                  4908.33      360      80     CA                   2/1/2007        N                1005000                   1          3            4908.33                                                                               92107          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            950000                            190000     100                        648           41.56     NO-PREPAY                                   1/1/2012            6           3           1               3
     1103639920       SFR                               1     OO        REFI                  N                              6.25                 6.25             1925000               1925000               2/1/2007              1/1/2037                 10026.04      360      70     CA                   2/1/2007        N                2750000                   1          3           10026.04                                                                               91436          12/29/2006              2      PA1603EI_ARM-INTONLY                             0                 0                                 0      70                        662            35.9     1YR                                         1/1/2010            6           3           1               3
     1103639938       SFR                               1     OO        PURCHASE              N                                 8                    8              156800             156700.33              11/1/2006             10/1/2036                  1045.33      360      80     FL                   2/1/2007        N                 220000                   1          0            1045.33                                                                               33990          12/22/2006              8      SF2630I_FIX-INTONLY                              0            196000                             39200     100                        659               0     3YR                                                             0           0           0               0
     1103639940       SFR                               1     OO        PURCHASE              N                             7.625                7.625              175750             175494.78               1/1/2007             12/1/2036                  1243.95      360      95     FL                   2/1/2007        N                 215000                   1          0            1243.95                                                                               34736          12/22/2006             12      SF1630_FIXEDRATE                                30            185000                                 0      95                        695               0     3YR                                                             0           0           0               0
     1103639941       SFR                               1     OO        REFI                  Y                             7.375                7.375              100000              99931.25               1/1/2007             12/1/2036                   648.85      360   56.18     FL                   2/1/2007        Y                 178000                   1          0             648.85                                                                               34753          12/22/2006             12      SB1640_BALLOON                                   0                 0                                 0   56.18                        734               0     3YR                                                             0           0           0               0
     1103639942       CONDO                             1     OO        PURCHASE              N                              6.25                 6.25              500000             499048.69               1/1/2007             12/1/2036                  3078.59      360   63.27     FL                   2/1/2007        N                 875000                   1          0            3078.59                                                                               33629          12/22/2006              1      PF0630_FIXEDRATE                                 0         790365.85                                 0   63.27                        795           30.25     3YR                                                             0           0           0               0
     1103639944       CONDO                             1     2ND       PURCHASE              N                             7.875                7.875              125000             124827.38               1/1/2007             12/1/2036                   906.34      360   89.35     FL                   2/1/2007        N                 142000                   1          0             906.34                                                                               33617          12/22/2006              8      EF1630_FIXEDRATE                                25            139900                                 0   89.35                        686               0     3YR                                                             0           0           0               0
     1103639945       CONDO                             1     OO        PURCHASE              N                               7.5                  7.5              119192             119145.59               1/1/2007             12/1/2036                   744.95      360      80     FL                   2/1/2007        N                 157000                   1          0             744.95                                                                               33556          12/22/2006              8      SF2630I_FIX-INTONLY                              0            148990                                 0      80                        620               0     3YR                                                             0           0           0               0
     1103639946       CONDO                             1     NOO       PURCHASE              N                             7.125                7.125              104350              104182.6               1/1/2007             12/1/2036                   703.03      360   69.87     FL                   2/1/2007        N                 155000                   1          0             703.03                                                                               33615          12/22/2006              8      SF1630_FIXEDRATE                                 0            149350                                 0   69.87                        738               0     3YR                                                             0           0           0               0
     1103639947       CONDO                             1     NOO       PURCHASE              N                             7.125                7.125              104350              104182.6               1/1/2007             12/1/2036                   703.03      360   67.61     FL                   2/1/2007        N                 155000                   1          0             703.03                                                                               33615          12/22/2006              8      SF1630_FIXEDRATE                                 0            154350                                 0   67.61                        738               0     3YR                                                             0           0           0               0
     1103639948       CONDO                             1     OO        PURCHASE              N                             6.875                6.875              156000                156000               1/1/2007             12/1/2036                   893.75      360      80     FL                   2/1/2007        N                 203000                   1          0             893.75                                                                               33556          12/22/2006             12      SF1630I_FIX-INTONLY                              0            195000                                 0      80                        753               0     3YR                                                             0           0           0               0
     1103639949       SFR                               1     NOO       REFI                  Y                               7.5                  7.5               93000              92861.53               1/1/2007             12/1/2036                   650.27      360   58.13     FL                   2/1/2007        N                 160000                   1          0             650.27                                                                               32955          12/22/2006              8      SF2630_FIXEDRATE                                 0                 0                                 0   58.13                        663               0     3YR                                                             0           0           0               0
     1103639950       SFR                               1     OO        REFI                  Y                             7.875                7.875              296000             295823.58               1/1/2007             12/1/2036                  2030.41      360      80     FL                   2/1/2007        Y                 370000                   1          0            2030.41                                                                               34212          12/22/2006              8      SB2640_BALLOON                                   0                 0                                 0      80                        641               0     3YR                                                             0           0           0               0
     1103639951       HI-RISE                           1     OO        PURCHASE              N                             7.125                7.125              346091             345835.66               1/1/2007             12/1/2036                  2182.21      360      80     FL                   2/1/2007        Y                 500000                   1          0            2182.21                                                                               34236          12/22/2006              8      SB1640_BALLOON                                   0            432614                                 0      80                        709               0     3YR                                                             0           0           0               0
     1103639952       SFR                               1     OO        PURCHASE              N                             7.125                7.125              229500             229330.68               1/1/2007             12/1/2036                  1447.07      360      90     FL                   2/1/2007        Y                 260000                   1          0            1447.07                                                                               34207          12/22/2006              8      SB2640_BALLOON                                  25            255000                                 0      90                        674               0     3YR                                                             0           0           0               0
     1103639953       SFR                               1     OO        PURCHASE              N                              7.25                 7.25              145000             144773.08               1/1/2007             12/1/2036                   989.16      360   74.36     NH                   2/1/2007        N                 208000                   1          0             989.16                                                                               03249          12/22/2006              8      SF2630_FIXEDRATE                                 0            195000                                 0   74.36                        654               0     1YR                                                             0           0           0               0
     1103639954       SFR                               1     NOO       PURCHASE              N                               7.5                  7.5              117520             117442.04               1/1/2007             12/1/2036                   773.36      360      80     FL                   2/1/2007        Y                 148000                   1          0             773.36                                                                               33619          12/22/2006              8      SB1640_BALLOON                                   0            146900                                 0      80                        703               0     3YR                                                             0           0           0               0
     1103639955       PUD                               1     NOO       PURCHASE              N                             8.125                8.125              208585             208311.18               1/1/2007             12/1/2036                  1548.74      360      90     FL                   2/1/2007        N                 240000                   1          0            1548.74                                                                               33897          12/22/2006              8      SF2630_FIXEDRATE                                25            231762                                 0      90                        645               0     1YR                                                             0           0           0               0
     1103639956       PUD                               1     OO        PURCHASE              N                             6.875                6.875              154400             154277.81               1/1/2007             12/1/2036                    945.5      360      80     TX                   2/1/2007        Y                 203000                   1          0              945.5                                                                               78613          12/22/2006              8      SB1640_BALLOON                                   0            193000                             38600     100                        689               0     3YR                                                             0           0           0               0
     1103639957       SFR                               1     OO        REFI                  Y                               7.5                  7.5               60000              59910.66               1/1/2007             12/1/2036                   419.53      360   32.44     MD                   2/1/2007        N                 185000                   1          0             419.53                                                                               21222          12/22/2006              8      XF2630_FIXEDRATE                                 0                 0                                 0   32.44                        669               0     3YR                                                             0           0           0               0
     1103639959       PUD                               1     OO        PURCHASE              N                               8.5                  8.5              439900             439681.39               1/1/2007             12/1/2036                  3224.88      360     100     VA                   2/1/2007        Y                 460000                   1          0            3224.88                                                                               22003          12/22/2006              8      XB1440_BALLOON                                  35            439900                                 0     100                        694               0     3YR                                                             0           0           0               0
     1103639960       SFR                               1     OO        REFI                  N                              7.25                 7.25              163500             163274.81               1/1/2007             12/1/2036                   987.81      360   41.93     CA                   2/1/2007        N                 390000                   1          0             987.81                                                                               90059          12/22/2006             12      SF1630I_FIX-INTONLY                              0                 0                                 0   41.93                        773               0     1YR                                                             0           0           0               0
     1103639962       SFR                               1     OO        REFI                  Y                             6.875                6.875              380000             379699.26               1/1/2007             12/1/2036                  2327.02      360      80     CA                   2/1/2007        Y                 475000                   1          0            2327.02                                                                               91767          12/22/2006             12      SB2640_BALLOON                                   0                 0                                 0      80                        662               0     3YR                                                             0           0           0               0
     1103639963       SFR                               1     OO        PURCHASE              N                              9.25                 9.25              279000             278832.78              12/1/2006             11/1/2036                  2205.94      360     100     NV                   2/1/2007        Y                 285000                   1          0            2205.94                                                                               89434          12/22/2006              8      XB2440_BALLOON                                  35            279000                                 0     100                        671               0     NO-PREPAY                                                       0           0           0               0
     1103639965       SFR                               1     2ND       PURCHASE              N                              7.75                 7.75              112800             112695.14              12/1/2006             11/1/2036                   763.23      360      80     IL                   2/1/2007        Y                 141000                   1          0             763.23                                                                               60073          12/22/2006              8      SB2640_BALLOON                                   0            141001                             21150      95                        680               0     1YR                                                             0           0           0               0
     1103639967       CONDO                             1     OO        PURCHASE              N                              7.25                 7.25              379900              379492.9              12/1/2006             11/1/2036                  2430.11      360     100     CA                   2/1/2007        Y                 385000                   1          0            2430.11                                                                               91737          12/22/2006              1      PB0440_BALLOON                                  35            379900                                 0     100                        801           47.69     1YR                                                             0           0           0               0
     1103639968       PUD                               1     OO        REFI                  N                               6.5                  6.5              524000             523074.68              11/1/2006             10/1/2036                  3067.79      360      80     CA                   2/1/2007        Y                 655000                   1          0            3067.79                                                                               94513          12/22/2006              8      SB1640_BALLOON                                   0                 0                             65000   89.93                        741               0     1YR                                                             0           0           0               0
     1103639970       SFR                               1     OO        REFI                  Y                             6.875                6.875              140000             139889.21               1/1/2007             12/1/2036                   857.32      360    58.1     NJ                   2/1/2007        Y                 241000                   1          0             857.32                                                                               08244          12/22/2006              8      SB1640_BALLOON                                   0                 0                                 0    58.1                        725               0     NO-PREPAY                                                       0           0           0               0
     1103639971       SFR                               1     OO        REFI                  N                               6.5                  6.5              276800             276556.93               1/1/2007             12/1/2036                  1620.54      360   79.09     NV                   2/1/2007        Y                 350000                   1          0            1620.54                                                                               89434          12/22/2006              2      PB1640_BALLOON                                   0                 0                                 0   79.09                        665           45.97     3YR                                                             0           0           0               0
     1103639972       SFR                               1     OO        PURCHASE              N                             6.375                6.375              239200             238982.58               1/1/2007             12/1/2036                  1379.17      360      80     NV                   2/1/2007        Y                 305000                   1          0            1379.17                                                                               89434          12/22/2006              2      PB0640_BALLOON                                   0            299000                                 0      80                        763           44.87     3YR                                                             0           0           0               0
     1103639973       CONDO                             1     OO        PURCHASE              N                              6.75                 6.75              122400              122299.7               1/1/2007             12/1/2036                   738.51      360      80     NV                   2/1/2007        Y                 155000                   1          0             738.51                                                                               89502          12/22/2006              2      PB0640_BALLOON                                   0            153000                             30600     100                        682           42.93     3YR                                                             0           0           0               0
     1103640007       SFR                               1     OO        REFI                  N                             5.675                5.675              790000                790000               2/1/2007              1/1/2037                  3736.04      360    68.7     CA                   2/1/2007        N                1150000                   1          3            3736.04                                                                               93035          12/18/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0    68.7                        715           35.92     3YR                                         1/1/2012            6           3           1               3
     1103640039       PUD                               1     OO        REFI                  Y                             6.875                6.875               95000                 95000               1/1/2007             12/1/2036                   544.27      360   51.36     NJ                   2/1/2007        N                 185000                   1       2.25             544.27                                                                               08757          12/28/2006             12      SA0605EI_ARM-INTONLY                             0                 0                                 0   51.36                        719               0     NO-PREPAY                                  12/1/2011            5           5           1            2.25
     1103640040       PUD                               1     OO        REFI                  Y                              6.25                 6.25              133000              132977.3              12/1/2006             11/1/2036                   692.71      360   57.09     AZ                   2/1/2007        N                 233000                   1       2.25             692.71                                                                               85746          12/28/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0   57.09                        752           36.19     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103640041       SFR                               1     OO        REFI                  N                             6.375                6.375              162400             162334.87              12/1/2006             11/1/2036                   862.75      360      80     UT                   2/1/2007        N                 203000                   1       2.25             862.75                                                                               84065          12/28/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        735           44.44     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103640042       PUD                               1     OO        REFI                  Y                              6.25                 6.25              165000             164527.88              12/1/2006             11/1/2036                  1015.93      360   71.74     AL                   2/1/2007        N                 230000                   1       2.25            1015.93                                                                               36526          12/28/2006              2      XA0605D_ARM                                      0                 0                                 0   71.74                        802           25.57     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103640043       PUD                               1     OO        PURCHASE              N                             6.875                6.875              170000                170000              12/1/2006             11/1/2036                   973.96      360   73.92     GA                   2/1/2007        N                 233000                   1       2.25             973.96                                                                               30043          12/28/2006             12      SA0605EI_ARM-INTONLY                             0            230000                                 0   73.92                        804               0     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103640044       SFR                               1     NOO       REFI                  Y                             7.625                7.625              171700                171700               1/1/2007             12/1/2036                  1091.01      360   53.66     MD                   2/1/2007        N                 320000                   1       2.25            1091.01                                                                               20743          12/28/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   53.66                        739           37.42     NO-PREPAY                                  12/1/2011            5           5           1            2.25
     1103640045       PUD                               1     OO        REFI                  Y                               6.5                  6.5              186000                186000              11/1/2006             10/1/2036                   1007.5      360   77.83     VA                   2/1/2007        N                 239000                   1       2.25             1007.5                                                                               22408          12/28/2006              1      XA0605DI_ARM-INTONLY                             0                 0                                 0   77.83                        686           43.07     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103640046       PUD                               1     OO        REFI                  Y                              6.25                 6.25              188500                188500              12/1/2006             11/1/2036                   981.77      360   74.81     AZ                   2/1/2007        N                 252000                   1       2.25             981.77                                                                               85226          12/28/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0   74.81                        732           26.95     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103640047       PUD                               1     OO        REFI                  N                              6.25                 6.25              196000                196000              12/1/2006             11/1/2036                  1020.83      360      80     AZ                   2/1/2007        N                 245000                   1       2.25            1020.83                                                                               85339          12/28/2006              1      PA0605EI_ARM-INTONLY                             0                 0                             47996    99.6                        756           34.52     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103640048       PUD                               1     OO        PURCHASE              N                             5.875                5.875              201600                201600              12/1/2006             11/1/2036                      987      360      80     AZ                   2/1/2007        N                 255000                   1       2.25                987                                                                               85250          12/28/2006              1      PA0605EI_ARM-INTONLY                             0            252000                             50400     100                        751           43.35     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103640049       SFR                               1     OO        REFI                  Y                             6.625                6.625              204000                204000              12/1/2006             11/1/2036                  1126.25      360      80     CO                   2/1/2007        N                 255000                   1       2.25            1126.25                                                                               80645          12/28/2006              1      PA0605EI_ARM-INTONLY                             0                 0                             51000     100                        682           47.47     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103640050       SFR                               1     OO        REFI                  Y                             6.125                6.125              220000                220000              12/1/2006             11/1/2036                  1122.92      360      80     MD                   2/1/2007        N                 275000                   1       2.25            1122.92                                                                               20659          12/28/2006             17      PA1603EI_ARM-INTONLY                             0                 0                             27500      90                        666           27.03     NO-PREPAY                                  11/1/2009            5           3           1            2.25
     1103640051       SFR                               1     OO        REFI                  Y                                 7                    7              224000                224000               1/1/2007             12/1/2036                  1306.67      360      80     MN                   2/1/2007        N                 280000                   1       2.25            1306.67                                                                               56442          12/28/2006             17      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        663           48.05     NO-PREPAY                                  12/1/2011            5           5           1            2.25
     1103640052       PUD                               1     NOO       PURCHASE              N                              7.75                 7.75              230320                230320              12/1/2006             11/1/2036                  1487.48      360      80     MD                   2/1/2007        N                 295000                   1       2.25            1487.48                                                                               20876          12/28/2006              2      XA0605DI_ARM-INTONLY                             0            287900                                 0      80                        716           54.23     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103640053       SFR                               1     OO        REFI                  Y                               6.5                  6.5              238500             237849.65              12/1/2006             11/1/2036                  1507.49      360   78.98     NV                   2/1/2007        N                 302000                   1       2.25            1507.49                                                                               89131          12/28/2006              1      PA0605E_ARM                                      0                 0                                 0   78.98                        683          34.001     NO-PREPAY                                  11/1/2011            5           3           1            2.25
     1103640054       SFR                               1     OO        REFI                  Y                             6.625                6.625              262500                262500              12/1/2006             11/1/2036                  1449.22      360      75     IL                   2/1/2007        N                 350000                   1       2.25            1449.22                                                                               60706          12/28/2006             17      PA0605EI_ARM-INTONLY                             0                 0                                 0      75                        731           33.39     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103640055       CONDO                             1     OO        REFI                  Y                             6.875                6.875              264000                264000              12/1/2006             11/1/2036                   1512.5      360      80     MD                   2/1/2007        N                 330000                   1       2.25             1512.5                                                                               20877          12/28/2006             17      PA1605EI_ARM-INTONLY                             0                 0                             23001   86.97                        662           44.69     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103640056       CONDO                             1     OO        PURCHASE              N                              7.25                 7.25              276000                276000               1/1/2007             12/1/2036                   1667.5      360      80     NV                   2/1/2007        N                 390000                   1       2.25             1667.5                                                                               89123          12/28/2006             12      SA0605EI_ARM-INTONLY                             0            345000                                 0      80                        789               0     1YR                                        12/1/2011            5           5           2            2.25
     1103640057       TOWNHOUSE                         1     OO        REFI                  Y                             7.375                7.375              293000                293000               1/1/2007             12/1/2036                  1800.73      360   73.25     MA                   2/1/2007        N                 400000                   1       2.25            1800.73                                                                               02127          12/28/2006             17      PA1605EI_ARM-INTONLY                             0                 0                             26160   79.79                        645           47.36     NO-PREPAY                                  12/1/2011            5           5           1            2.25
     1103640058       PUD                               1     OO        REFI                  Y                              6.75                 6.75              300000                300000              12/1/2006             11/1/2036                   1687.5      360   66.67     MN                   2/1/2007        N                 450000                   1       2.25             1687.5                                                                               55126          12/28/2006             17      PA0605EI_ARM-INTONLY                             0                 0                                 0   66.67                        816              45     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103640059       CONDO                             1     NOO       REFI                  Y                                 7                    7              303000             302501.81               1/1/2007             12/1/2036                  2015.87      360   45.91     CA                   2/1/2007        N                 660000                   1       2.25            2015.87                                                                               94539          12/28/2006             12      XA0605E_ARM                                      0                 0                                 0   45.91                        702               0     NO-PREPAY                                  12/1/2011            5           5           1            2.25
     1103640061       SFR                               1     OO        REFI                  Y                              6.75                 6.75              320000             319699.44              12/1/2006             11/1/2036                     1800      360      80     MD                   2/1/2007        N                 400000                   1       2.25               1800                                                                               21403          12/28/2006              1      PA2605EI_ARM-INTONLY                             0                 0                                 0      80                        628           36.58     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103640062       SFR                               1     OO        REFI                  Y                             6.875                6.875              323000                323000              11/1/2006             10/1/2036                  1850.52      360   79.76     IL                   2/1/2007        N                 405000                   1       2.25            1850.52                                                                               60046          12/28/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   79.76                        754           36.88     NO-PREPAY                                  10/1/2011            5           5           1            2.25
     1103640064       SFR                               1     OO        REFI                  Y                             6.875                6.875              348000                348000               1/1/2007             12/1/2036                  1993.75      360      80     MD                   2/1/2007        N                 435000                   1       2.25            1993.75                                                                               20906          12/28/2006             17      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        647           44.13     NO-PREPAY                                  12/1/2011            5           5           1            2.25
     1103640066       PUD                               1     OO        PURCHASE              N                                 6                    6              356000                356000              12/1/2006             11/1/2036                     1780      360      80     VA                   2/1/2007        N                 465000                   1       2.25               1780                                                                               22406          12/28/2006              2      PA0605EI_ARM-INTONLY                             0            445000                             44500      90                        754           49.97     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103640067       PUD                               1     OO        PURCHASE              N                             6.375                6.375              364000                364000              12/1/2006             11/1/2036                  1933.75      360      80     MD                   2/1/2007        N                 460000                   1       2.25            1933.75                                                                               20879          12/28/2006              2      PA0605EI_ARM-INTONLY                             0            455000                             91000     100                        685           47.29     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103640068       SFR                               1     OO        REFI                  Y                             7.125                7.125              365000                365000              12/1/2006             11/1/2036                  2167.19      360    78.5     NJ                   2/1/2007        N                 465000                   1       2.25            2167.19                                                                               07036          12/28/2006             12      SA0605EI_ARM-INTONLY                             0                 0                                 0    78.5                        799               0     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103640069       CONDO                             1     NOO       PURCHASE              N                              6.25                 6.25              380000                380000              12/1/2006             11/1/2036                  1979.17      360   50.67     CA                   2/1/2007        N                 750000                   1       2.25            1979.17                                                                               93463          12/28/2006              2      PA1605EI_ARM-INTONLY                             0            750000                                 0   50.67                        676           31.83     3YR                                        11/1/2011            5           5           1            2.25
     1103640070       2-4FAMILY                         2     OO        PURCHASE              N                             6.875                6.875              384000                384000               1/1/2007             12/1/2036                     2200      360      80     NY                   2/1/2007        N                 540000                   1       2.25               2200                                                                               10461          12/28/2006             17      PA0605EI_ARM-INTONLY                             0            480000                             47952   89.99                        754          27.926     NO-PREPAY                                  12/1/2011            5           5           1            2.25
     1103640072       2-4FAMILY                         2     NOO       PURCHASE              N                              7.25                 7.25              520000                520000               1/1/2007             12/1/2036                  3141.67      360      80     NY                   2/1/2007        N                 650000                   1       2.25            3141.67                                                                               11413          12/28/2006              8      SA0603EI_ARM-INTONLY                             0            650000                                 0      80                        757               0     NO-PREPAY                                  12/1/2009            5           3           1            2.25
     1103640073       PUD                               1     OO        REFI                  Y                                 7                    7              544000                544000               1/1/2007             12/1/2036                  3173.33      360      80     NC                   2/1/2007        N                 680000                   1       2.25            3173.33                                                                               27513          12/28/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             49980   87.35                        645              47     NO-PREPAY                                  12/1/2011            5           5           1            2.25
     1103640074       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              560000                560000              12/1/2006             11/1/2036                     3150      360      80     MD                   2/1/2007        N                 700000                   1       2.25               3150                                                                               20814          12/28/2006              2      PA0605EI_ARM-INTONLY                             0            710000                            140000     100                        727           42.21     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103640075       SFR                               1     OO        REFI                  Y                              6.25                 6.25              612000                612000               1/1/2007             12/1/2036                   3187.5      360   66.53     CA                   2/1/2007        N                 920000                   1       2.25             3187.5                                                                               92646          12/28/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   66.53                        732           51.93     1YR                                        12/1/2011            5           5           1            2.25
     1103640076       SFR                               1     OO        REFI                  Y                             6.875                6.875              651000                651000              12/1/2006             11/1/2036                  3729.69      360      70     FL                   2/1/2007        N                 930000                   1       2.25            3729.69                                                                               32211          12/28/2006             17      PA0605EI_ARM-INTONLY                             0                 0                                 0      70                        734           31.41     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103640077       SFR                               1     OO        REFI                  N                             6.125                6.125              738575                738575              12/1/2006             11/1/2036                  3769.81      360   53.72     MA                   2/1/2007        N                1375000                   1       2.25            3769.81                                                                               02459          12/28/2006             12      SA0605EI_ARM-INTONLY                             0                 0                                 0   53.72                        796               0     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103640078       2-4FAMILY                         2     NOO       PURCHASE              N                             7.625                7.625              169200                169200              12/1/2006             11/1/2036                  1075.13      360   89.06     NJ                   2/1/2007        N                 198000                   1       2.25            1075.13                                                                               08322          12/29/2006              2      XA1605DI_ARM-INTONLY                            25            190000                                 0   89.06                        673           45.55     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103640089       SFR                               1     NOO       REFI                  Y                                 8                    8              164800             164799.15               2/1/2007              1/1/2037                  1098.67      360      80     MN                   2/1/2007        N                 206000                   1          3            1098.67                                                                               55106          12/20/2006              8      SA2607EI_ARM-INTONLY                             0                 0                                 0      80                        668               0     3YR                                         1/1/2014            6           3           1               3
     1103640161       SFR                               1     2ND       REFI                  Y                             7.375                7.375              275000             274790.74               2/1/2007              1/1/2037                  1899.36      360   78.58     AZ                   2/1/2007        N                 350000                   1          0            1899.36                                                                               85344          12/29/2006              8      SF2630_FIXEDRATE                                 0                 0                                 0   78.58                        665               0     3YR                                                             0           0           0               0
     1103640175       SFR                               1     OO        REFI                  Y                              7.68                 7.68              262500                262500               2/1/2007              1/1/2037                     1680      360   74.58     VA                   2/1/2007        N                 352000                   1          0               1680                                                                               23456            1/2/2007             17      PF0630I_FIX-INTONLY                              0                 0                                 0   74.58                        715           43.74     3YR                                                             0           0           0               0
     1103640179       SFR                               1     OO        REFI                  Y                             6.875                6.875              165000                165000               2/1/2007              1/1/2037                   945.31      360   38.38     FL                   2/1/2007        N                 430000                   1          0             945.31                                                                               34120          12/19/2006             12      SF1630I_FIX-INTONLY                              0                 0                                 0   38.38                        723           38.38     3YR                                                             0           0           0               0
     1103640181       SFR                               1     NOO       PURCHASE              N                             8.125                8.125              146400             146304.23               2/1/2007              1/1/2037                  1087.02      360      80     MO                   2/1/2007        N                 183000                   1          3            1087.02                                                                               64139          12/27/2006              7      SA0605E_ARM                                      0            183000                                 0      80                        758               0     3YR                                         1/1/2012            6           3           1               3
     1103640210       CONDO                             1     NOO       REFI                  Y                               6.5                  6.5              120000                120000               2/1/2007              1/1/2037                      650      360   74.54     MD                   2/1/2007        N                 161000                   1          3                650                                                                               20784            1/2/2007              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   74.54                        697           37.03     2YR                                         1/1/2012            6           3           1               3
     1103640216       SFR                               1     NOO       REFI                  Y                             6.125                6.125              159250             158708.22               2/1/2007              1/1/2022                  1354.62      180      65     CA                   2/1/2007        N                 245000                   1          0            1354.62                                                                               95322            1/4/2007              2      PF0615_FIXEDRATE                                 0                 0                                 0      65                        772           54.84     NO-PREPAY                                                       0           0           0               0
     1103640221       SFR                               1     NOO       REFI                  Y                               6.5                  6.5              245000             244778.51               2/1/2007              1/1/2037                  1548.57      360   68.06     CA                   2/1/2007        N                 360000                   1          0            1548.57                                                                               92346          12/22/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   68.06                        781           32.79     NO-PREPAY                                                       0           0           0               0
     1103640283       PUD                               1     OO        PURCHASE              N                             5.875                5.875              556500             555932.62               2/1/2007              1/1/2037                  3291.91      360   76.76     AZ                   2/1/2007        N                 725000                   1          0            3291.91                                                                               85396            1/2/2007              1      PF1630_FIXEDRATE                                 0            724987                                 0   76.76                        669            42.5     NO-PREPAY                                                       0           0           0               0
     1103640284       2-4FAMILY                         2     NOO       PURCHASE              N                             7.375                7.375               70250                 70250               2/1/2007              1/1/2037                   431.74      360   73.95     WA                   2/1/2007        N                  98000                   1          3             431.74                                                                               98632          12/20/2006              2      PA0605EI_ARM-INTONLY                             0             95000                             20000      95                        735           31.27     1YR                                         1/1/2012            6           3           1               3
     1103640290       2-4FAMILY                         2     NOO       PURCHASE              N                             13.15                13.15               20000              19995.58               2/1/2007              1/1/2022                   223.59      180   21.06     WA                   2/1/2007        Y                  98000                   2          0             223.59                                                                               98632          12/20/2006              2      TB0630_BALLOON                                   0             95000                                 0      95                        735           31.27     NO-PREPAY                                                       0           0           0               0
     1103640293       2-4FAMILY                         2     NOO       PURCHASE              N                             8.125                8.125               94650              94379.49               2/1/2007              1/1/2022                   911.37      180   79.98     UT                   2/1/2007        N                 133000                   1          0             911.37                                                                               84401          12/29/2006             17      PF0615_FIXEDRATE                                 0            118350                                 0   79.98                        695           21.74     NO-PREPAY                                                       0           0           0               0
     1103640317       HI-RISE                           1     OO        PURCHASE              N                             7.375                7.375              634500                634500               2/1/2007              1/1/2037                  3899.53      360      75     AL                   2/1/2007        N                 846000                   1          3            3899.53                                                                               36542          12/29/2006              7      SA1605EI_ARM-INTONLY                             0            846000                            200000   98.65                        765               0     NO-PREPAY                                   1/1/2012            6           3           1               3
     1103640333       SFR                               1     OO        REFI                  Y                                 6                    6              170000                170000               2/1/2007              1/1/2037                      850      360   70.84     CA                   2/1/2007        N                 240000                   1          0                850                                                                               92314            1/3/2007              1      PF0630I_FIX-INTONLY                              0                 0                                 0   70.84                        684           34.51     3YR                                                             0           0           0               0
     1103640349       SFR                               1     OO        REFI                  Y                              8.25                 8.25              525000                525000               2/1/2007              1/1/2037                  3609.38      360      75     FL                   2/1/2007        N                 700000                   1          3            3609.38                                                                               32503          12/21/2006              8      SA2605EI_ARM-INTONLY                             0                 0                                 0      75                        620               0     NO-PREPAY                                   1/1/2012            6           3           1               3
     1103640467       CONDO                             1     NOO       REFI                  Y                             7.875                7.875              140250                140250               1/1/2007             12/1/2036                   920.39      360      75     FL                   2/1/2007        N                 187000                   1       2.25             920.39                                                                               33196          12/20/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             37400      95                        692              35     3YR                                        12/1/2011            5           5           1           2.875
     1103640468       CONDO                             1     NOO       REFI                  Y                             7.875                7.875              152250                152250               1/1/2007             12/1/2036                   999.14      360      75     FL                   2/1/2007        N                 203000                   1       2.25             999.14                                                                               33193          12/20/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             40600      95                        692              38     3YR                                        12/1/2011            5           5           1            2.25
     1103640469       HI-RISE                           1     OO        PURCHASE              N                              8.75                 8.75              504720                504720               1/1/2007             12/1/2036                  3680.25      360      80     FL                   2/1/2007        N                 642000                   1          5            3680.25                                                                               33139          12/29/2006              8      SA2605EI_ARM-INTONLY                             0            630900                            126180     100                        664               0     6MO                                        12/1/2011            6           6           2               5
     1103640470       PUD                               1     OO        PURCHASE              N                             6.875                6.875              435660                435660               1/1/2007             12/1/2036                  2495.97      360      80     FL                   2/1/2007        N                 550000                   1       2.25            2495.97                                                                               34288          12/20/2006              2      PA0605EI_ARM-INTONLY                             0            544576                             81686      95                        709              33     3YR                                        12/1/2011            6           6           2            2.25
     1103640471       CONDO                             1     OO        REFI                  Y                             7.625                7.625               85000                 85000               2/1/2007              1/1/2037                    540.1      360   79.44     FL                   2/1/2007        N                 107000                   1       2.25              540.1                                                                               33322          12/20/2006             12      XA1605DI_ARM-INTONLY                             0                 0                                 0   79.44                        723               0     3YR                                         1/1/2012            5           5           2           2.625
     1103640472       SFR                               1     OO        PURCHASE              N                             6.875                6.875              105000              104772.2               1/1/2007             12/1/2036                   689.78      360      75     IL                   2/1/2007        N                 140000                   1       2.25             689.78                                                                               61111          12/20/2006              2      PA0605E_ARM                                      0            140000                             35000     100                        703              37     NO-PREPAY                                  12/1/2011            5           5           1            2.25
     1103640473       SFR                               1     NOO       REFI                  Y                             7.125                7.125              110000                110000               1/1/2007             12/1/2036                   653.12      360    57.6     FL                   2/1/2007        N                 191000                   1       2.25             653.12                                                                               32810          12/20/2006             12      XA2605EI_ARM-INTONLY                             0                 0                                 0    57.6                        666               0     3YR                                        12/1/2011            5           5           1            2.25
     1103640474       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              111750                111750               1/1/2007             12/1/2036                   605.31      360      75     SC                   2/1/2007        N                 149000                   1       2.25             605.31                                                                               29910          12/29/2006              1      PA0605EI_ARM-INTONLY                             0            149000                             37250     100                        764              37     NO-PREPAY                                  12/1/2011            5           5           1            2.25
     1103640476       CONDO                             1     2ND       REFI                  Y                             7.625                7.625              252000                252000               1/1/2007             12/1/2036                  1601.25      360      80     NC                   2/1/2007        N                 315000                   1       2.25            1601.25                                                                               28401          12/20/2006              8      SA2605EI_ARM-INTONLY                             0                 0                             31500      90                        630               0     3YR                                        12/1/2011            5           5           1            2.25
     1103640477       SFR                               1     NOO       PURCHASE              N                             8.375                8.375              113400             113258.55               1/1/2007             12/1/2036                   861.92      360      90     IN                   2/1/2007        N                 126000                   1       2.25             861.92                                                                               46323          12/20/2006             17      PA0605E_ARM                                     25            126000                                 0      90                        773              41     2YR                                        12/1/2011            5           5           1           3.375
     1103640478       SFR                               1     NOO       PURCHASE              N                             8.375                8.375              125900             125742.95               1/1/2007             12/1/2036                   956.93      360      90     IN                   2/1/2007        N                 140000                   1       2.25             956.93                                                                               46410          12/20/2006             17      PA0605E_ARM                                     25            139900                                 0      90                        773              40     2YR                                        12/1/2011            5           5           1            2.25
     1103640480       2-4FAMILY                         3     NOO       REFI                  Y                               7.5                  7.5              329000                329000               1/1/2007             12/1/2036                  2056.25      360      70     FL                   2/1/2007        N                 470000                   1       2.25            2056.25                                                                               33135          12/20/2006              8      SA1607EI_ARM-INTONLY                             0                 0                             94000      90                        768               0     6MO                                        12/1/2013            5           5           1            2.25
     1103640481       SFR                               1     NOO       REFI                  Y                             6.375                6.375              415500                415500               1/1/2007             12/1/2036                  2207.34      360   62.49     SC                   2/1/2007        N                 665000                   1       2.25            2207.34                                                                               29575          12/20/2006             12      XA1605EI_ARM-INTONLY                             0                 0                            183000      90                        694               0     6MO                                        12/1/2011            5           5           1            2.25
     1103640482       CONDO                             1     OO        PURCHASE              N                             6.375                6.375              243992             243927.19               1/1/2007             12/1/2036                  1296.21      360      80     FL                   2/1/2007        N                 308000                   1       2.25            1296.21                                                                               33178          12/20/2006              2      PA0605EI_ARM-INTONLY                             0            304990                             60998     100                        771              48     3YR                                        12/1/2011            5           5           1            2.25
     1103640483       SFR                               1     OO        PURCHASE              N                             7.875                7.875              334400                334400               2/1/2007              1/1/2037                   2194.5      360   79.72     FL                   2/1/2007        N                 423000                   1       2.75             2194.5                                                                               33189          12/29/2006              8      SA2605EI_ARM-INTONLY                             0            419494                             83600   99.65                        648               0     NO-PREPAY                                   1/1/2012            6           6           2           7.875
     1103640484       CONDO                             1     NOO       PURCHASE              N                                 8                    8              132000             131822.27               1/1/2007             12/1/2036                   968.57      360      80     FL                   2/1/2007        N                 167000                   1       2.25             968.57                                                                               34747          12/20/2006              8      XA1605D_ARM                                      0            165000                             16500      90                        644               0     3YR                                        12/1/2011            5           5           2            2.25
     1103640485       CONDO                             1     NOO       PURCHASE              N                                 8                    8              124000             123833.04               1/1/2007             12/1/2036                   909.87      360      80     FL                   2/1/2007        N                 159000                   1       2.25             909.87                                                                               34747          12/20/2006              8      XA1605D_ARM                                      0            155000                             15500      90                        644               0     3YR                                        12/1/2011            5           5           2            2.25
     1103640486       PUD                               1     OO        PURCHASE              N                                 7                    7              307200                307200              12/1/2006             11/1/2036                     1792      360      80     FL                   2/1/2007        N                 410000                   1       2.75               1792                                                                               33327          12/20/2006              8      SA2605EI_ARM-INTONLY                             0            384000                             76800     100                        658               0     3YR                                        11/1/2011            6           6           2            2.75
     1103640498       HI-RISE                           1     2ND       PURCHASE              N                             6.125                6.125              570500             568559.11               2/1/2007              1/1/2022                  4852.82      180      70     NV                   2/1/2007        N                 815000                   1          0            4852.82                                                                               89109            1/2/2007              2      PF0615_FIXEDRATE                                 0            815000                                 0      70                        773           23.02     NO-PREPAY                                                       0           0           0               0
     1103640520       SFR                               1     NOO       REFI                  Y                                 6                    6              190000                190000               2/1/2007              1/1/2037                      950      360    69.1     AZ                   2/1/2007        N                 275000                   1          3                950                                                                               85301          12/29/2006             17      PA0603EI_ARM-INTONLY                             0                 0                                 0    69.1                        722           22.58     2YR                                         1/1/2010            6           3           1               3
     1103640545       SFR                               1     OO        REFI                  Y                                 6                    6              192000             191808.86               2/1/2007              1/1/2037                  1151.14      360    51.2     CA                   2/1/2007        N                 375000                   1          0            1151.14                                                                               92551          12/29/2006              2      PF2630_FIXEDRATE                                 0                 0                                 0    51.2                        635           34.48     1YR                                                             0           0           0               0
     1103640574       SFR                               1     OO        REFI                  Y                                 6                    6              243000             242758.09               2/1/2007              1/1/2037                  1456.91      360   42.27     CA                   2/1/2007        N                 575000                   1          3            1456.91                                                                               92805          12/18/2006              2      PA1605E_ARM                                      0                 0                                 0   42.27                        646           40.54     3YR                                         1/1/2012            6           3           1               3
     1103640579       SFR                               1     NOO       REFI                  N                              6.75                 6.75              150000             149870.85               2/1/2007              1/1/2037                    972.9      360      75     CO                   2/1/2007        N                 200000                   1          3              972.9                                                                               80229            1/2/2007              1      PA0605E_ARM                                      0                 0                             40000      95                        698           25.05     3YR                                         1/1/2012            6           3           1               3
     1103640611       2-4FAMILY                         2     NOO       REFI                  Y                              7.25                 7.25              436200                436200               2/1/2007              1/1/2037                  2635.38      360   69.02     CA                   2/1/2007        N                 632000                   1          0            2635.38                                                                               91706          12/29/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   69.02                        681           28.91     1YR                                                             0           0           0               0
     1103640614       SFR                               1     OO        PURCHASE              N                             6.625                6.625              248000             247999.06               2/1/2007              1/1/2037                  1369.17      360      80     CA                   2/1/2007        N                 317500                   1          3            1369.17                                                                               93308          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            310000                             62000     100                        659           44.74     3YR                                         1/1/2012            6           3           1               3
     1103640623       SFR                               1     NOO       REFI                  N                            12.125               12.125               60150              60133.27               2/1/2007              1/1/2022                    624.5      180      15     CA                   2/1/2007        Y                 401000                   2          0              624.5                                                                               95355          12/29/2006              2      TB0630_BALLOON                                   0                 0                                 0      90                        741            40.9     NO-PREPAY                                                       0           0           0               0
     1103640673       SFR                               1     OO        REFI                  Y                             6.625                6.625              500000              496731.9               1/1/2007             12/1/2021                  4389.97      180   76.93     CA                   2/1/2007        N                 650000                   1          0            4389.97                                                                               94564          12/20/2006              8      SF1615_FIXEDRATE                                 0                 0                             85023   90.01                        776               0     NO-PREPAY                                                       0           0           0               0
     1103640674       SFR                               1     NOO       REFI                  Y                                 7                    7              250000                250000               1/1/2007             12/1/2036                  1458.33      360   31.65     CA                   2/1/2007        N                 790000                   1          0            1458.33                                                                               94903          12/20/2006             12      XF1630I_FIX-INTONLY                              0                 0                                 0   31.65                        693               0     NO-PREPAY                                                       0           0           0               0
     1103640675       CONDO                             1     NOO       PURCHASE              N                             6.875                6.875              741000             739751.38               1/1/2007             12/1/2036                  4867.84      360      65     CA                   2/1/2007        N                1150000                   1          0            4867.84                                                                               94920          12/20/2006              2      PF0630_FIXEDRATE                                 0           1140000                             92910   73.15                        787            34.7     NO-PREPAY                                                       0           0           0               0
     1103640676       SFR                               1     NOO       REFI                  Y                              6.75                 6.75              539000                539000               1/1/2007             12/1/2036                  3031.88      360   64.94     CA                   2/1/2007        N                 830000                   1          0            3031.88                                                                               94080          12/20/2006             12      XF2630I_FIX-INTONLY                              0                 0                                 0   64.94                        672               0     NO-PREPAY                                                       0           0           0               0
     1103640677       SFR                               1     OO        REFI                  N                             6.375                6.375              540000             538997.04               1/1/2007             12/1/2036                   3368.9      360   36.62     CA                   2/1/2007        N                1475000                   1          0             3368.9                                                                               94952          12/20/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   36.62                        786           30.69     NO-PREPAY                                                       0           0           0               0
     1103640678       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              576000             574904.09               1/1/2007             12/1/2036                  3546.53      360      80     CA                   2/1/2007        N                 720000                   1          0            3546.53                                                                               94602          12/20/2006              1      PF0630_FIXEDRATE                                 0            720000                             72000      90                        779           33.22     NO-PREPAY                                                       0           0           0               0
     1103640679       SFR                               1     OO        REFI                  N                               6.5                  6.5              422000             421598.92               1/1/2007             12/1/2036                  2285.83      360   78.15     CA                   2/1/2007        N                 540000                   1          0            2285.83                                                                               95834          12/20/2006              1      PF1630I_FIX-INTONLY                              0                 0                                 0   78.15                        677           44.52     NO-PREPAY                                                       0           0           0               0
     1103640680       SFR                               1     2ND       REFI                  Y                             7.125                7.125              225000             224639.07               1/1/2007             12/1/2036                  1515.87      360    57.7     CA                   2/1/2007        N                 390000                   1          0            1515.87                                                                               93536          12/28/2006              2      PF1630_FIXEDRATE                                 0                 0                                 0    57.7                        645           44.32     NO-PREPAY                                                       0           0           0               0
     1103640681       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              165000             164715.08               1/1/2007             12/1/2036                  1070.19      360   40.74     CA                   2/1/2007        N                 440000                   1          0            1070.19                                                                               90280          12/20/2006             12      SF1630_FIXEDRATE                                 0            405007                                 0   40.74                        701               0     NO-PREPAY                                                       0           0           0               0
     1103640682       SFR                               1     OO        REFI                  N                             6.875                6.875              244000             243995.82               1/1/2007             12/1/2036                  1397.92      360   71.98     CA                   2/1/2007        N                 339000                   1          0            1397.92                                                                               93291          12/28/2006             12      SF2630I_FIX-INTONLY                              0                 0                                 0   71.98                        671               0     NO-PREPAY                                                       0           0           0               0
     1103640683       CONDO                             1     NOO       PURCHASE              N                             8.625                8.625              307900                307900               1/1/2007             12/1/2036                  2213.03      360   79.99     NV                   2/1/2007        N                 410000                   1          0            2213.03                                                                               89109          12/20/2006              2      PF0630I_FIX-INTONLY                              0            384923                                 0   79.99                        754           43.44     NO-PREPAY                                                       0           0           0               0
     1103640685       PUD                               1     OO        REFI                  Y                               6.5                  6.5              200000                200000               1/1/2007             12/1/2036                  1083.33      360    63.5     NV                   2/1/2007        N                 315000                   1          0            1083.33                                                                               89011          12/20/2006             12      SF1630I_FIX-INTONLY                              0                 0                                 0    63.5                        727               0     3YR                                                             0           0           0               0
     1103640686       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              264000             263544.12               1/1/2007             12/1/2036                   1712.3      360      80     CA                   2/1/2007        N                 330000                   1          0             1712.3                                                                               92583          12/20/2006              2      PF0630_FIXEDRATE                                 0            330000                             66000     100                        713            44.5     NO-PREPAY                                                       0           0           0               0
     1103640687       SFR                               1     OO        REFI                  Y                                 6                    6             1100000            1092416.23               1/1/2007             12/1/2021                  9282.43      180    19.3     CA                   2/1/2007        N                5700000                   1          0            9282.43                                                                               94062          12/28/2006              1      PF0615_FIXEDRATE                                 0                 0                                 0    19.3                        761           36.87     NO-PREPAY                                                       0           0           0               0
     1103640688       PUD                               1     OO        REFI                  N                               6.5                  6.5              637000                627000               1/1/2007             12/1/2036                  3450.42      360    55.4     CA                   2/1/2007        N                1150000                   1          0            3450.42                                                                               94568          12/20/2006              2      PF0630I_FIX-INTONLY                              0                 0                            235986   75.92                        813            43.9     NO-PREPAY                                                       0           0           0               0
     1103640689       SFR                               1     OO        REFI                  Y                               6.5                  6.5              470000                470000               1/1/2007             12/1/2036                  2545.83      360   52.23     CA                   2/1/2007        N                 900000                   1          0            2545.83                                                                               95682          12/20/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   52.23                        767           38.15     NO-PREPAY                                                       0           0           0               0
     1103640690       2-4FAMILY                         2     NOO       REFI                  N                              6.25                 6.25               78500              78235.77               2/1/2007              1/1/2022                   673.08      180   14.28     CA                   2/1/2007        N                 550000                   1          0             673.08                                                                               90011          12/21/2006              1      PF0615_FIXEDRATE                                 0                 0                                 0   14.28                        779           44.42     NO-PREPAY                                                       0           0           0               0
     1103640694       SFR                               1     OO        REFI                  Y                             6.625                6.625              130000             129576.32               2/1/2007              1/1/2022                  1141.39      180   31.33     CA                   2/1/2007        N                 415000                   1          0            1141.39                                                                               90044          12/29/2006              7      SF0615_FIXEDRATE                                 0                 0                                 0   31.33                        707               0     3YR                                                             0           0           0               0
     1103640696       SFR                               1     OO        REFI                  Y                             6.375                6.375              220000                220000               2/1/2007              1/1/2037                  1168.75      360      50     CA                   2/1/2007        N                 440000                   1          3            1168.75                                                                               91706          12/22/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      50                        682           40.91     1YR                                         1/1/2012            6           3           1               3
     1103640757       SFR                               1     OO        REFI                  Y                             6.875                6.875              488000                488000               1/1/2007             12/1/2036                  2795.83      360      80     CA                   2/1/2007        N                 610000                   1       3.25            2795.83                                                                               94565          12/28/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        740           38.76     3YR                                        12/1/2011            5           5           1            3.25
     1103640758       PUD                               1     2ND       PURCHASE              N                               6.5                  6.5              470000             268916.67               1/1/2007             12/1/2036                  2545.83      360   54.03     VA                   2/1/2007        N                 920000                   1       3.25            2545.83                                                                               22033          12/28/2006             12      BA2605EI_ARM-INTONLY                             0            870000                                 0   54.03                                          0     NO-PREPAY                                  12/1/2011            5           5           1            3.25
     1103640759       PUD                               1     OO        PURCHASE              N                             6.875                6.875              279600                279600               1/1/2007             12/1/2036                  1601.88      360      80     WA                   2/1/2007        N                 350000                   1       3.25            1601.88                                                                               98001          12/28/2006             12      XA2605EI_ARM-INTONLY                             0            349500                             69900     100                        677               0     NO-PREPAY                                  12/1/2011            5           5           1            3.25
     1103640760       2-4FAMILY                         3     NOO       PURCHASE              N                                 8                    8              396000                396000               1/1/2007             12/1/2036                     2640      360      80     CA                   2/1/2007        N                 495000                   1       3.25               2640                                                                               90044          12/28/2006             12      XA2605EI_ARM-INTONLY                             0            495000                             49500      90                        664               0     NO-PREPAY                                  12/1/2011            5           5           1            3.25
     1103640761       SFR                               1     OO        REFI                  Y                             6.125                6.125              352500                352500               1/1/2007             12/1/2036                  1799.22      360      75     VA                   2/1/2007        N                 470000                   1       3.25            1799.22                                                                               20164          12/28/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      75                        677           47.73     3YR                                        12/1/2011            5           5           1            3.25
     1103640763       SFR                               1     OO        PURCHASE              N                               7.5                  7.5              452000                452000               1/1/2007             12/1/2036                     2825      360      80     VA                   2/1/2007        N                 565000                   1       3.25               2825                                                                               22312          12/28/2006             12      XA2605EI_ARM-INTONLY                             0            565000                            113000     100                        667               0     3YR                                        12/1/2011            5           5           1            3.25
     1103640764       PUD                               1     OO        PURCHASE              N                             6.875                6.875              248000                248000               2/1/2007              1/1/2037                  1420.83      360      80     FL                   2/1/2007        N                 322000                   1       3.25            1420.83                                                                               34786          12/28/2006              2      PA1605EI_ARM-INTONLY                             0            310000                             46500      95                        650           35.72     NO-PREPAY                                   1/1/2012            5           5           1            3.25
     1103640765       SFR                               1     OO        REFI                  Y                              6.75                 6.75              250000             249906.25               1/1/2007             12/1/2036                  1406.25      360   51.03     CA                   2/1/2007        N                 490000                   1       3.25            1406.25                                                                               93033          12/28/2006              8      SA2607EI_ARM-INTONLY                             0                 0                                 0   51.03                        628               0     3YR                                        12/1/2013            5           5           1            3.25
     1103640768       CONDO                             1     OO        PURCHASE              N                              6.25                 6.25              256000                256000               1/1/2007             12/1/2036                  1333.33      360      80     VA                   2/1/2007        N                 327000                   1       3.25            1333.33                                                                               22003          12/28/2006              2      PA0605EI_ARM-INTONLY                             0            320000                             64000     100                        683           43.85     3YR                                        12/1/2011            5           5           1            3.25
     1103640769       TOWNHOUSE                         1     OO        REFI                  Y                              6.75                 6.75              360000                360000               1/1/2007             12/1/2036                     2025      360      80     VA                   2/1/2007        N                 450000                   1       3.25               2025                                                                               20164          12/28/2006              8      SA2605EI_ARM-INTONLY                             0                 0                                 0      80                        627               0     1YR                                        12/1/2011            5           5           1            3.25
     1103640771       2-4FAMILY                         4     OO        PURCHASE              N                             7.625                7.625              360000             359477.22               1/1/2007             12/1/2036                  2548.06      360      80     NJ                   2/1/2007        N                 450000                   1       3.25            2548.06                                                                               07503          12/28/2006              8      SA2607E_ARM                                      0            450000                             90000     100                        679               0     NO-PREPAY                                  12/1/2013            5           5           1            3.25
     1103640773       SFR                               1     OO        PURCHASE              N                             6.625                6.625              184800                184800               1/1/2007             12/1/2036                  1020.25      360      80     AZ                   2/1/2007        N                 231000                   1       3.25            1020.25                                                                               85345          12/28/2006              8      SA0605EI_ARM-INTONLY                             0            231000                             46200     100                        708               0     1YR                                        12/1/2011            5           5           1            3.25
     1103640776       SFR                               1     OO        REFI                  N                             6.625                6.625              480000                480000               1/1/2007             12/1/2036                     2650      360   68.58     VA                   2/1/2007        N                 700000                   1       3.25               2650                                                                               20121          12/28/2006             12      SA0605EI_ARM-INTONLY                             0                 0                                 0   68.58                        704               0     3YR                                        12/1/2011            5           5           1            3.25
     1103640777       PUD                               1     OO        PURCHASE              N                             6.625                6.625              255200                255200               1/1/2007             12/1/2036                  1408.92      360      80     GA                   2/1/2007        N                 320000                   1       3.25            1408.92                                                                               30024          12/28/2006              2      PA0605EI_ARM-INTONLY                             0            319000                             63800     100                        755          38.549     NO-PREPAY                                  12/1/2011            5           5           1            3.25
     1103640779       PUD                               1     OO        PURCHASE              N                              7.25                 7.25              480000                480000               1/1/2007             12/1/2036                     2900      360      80     MD                   2/1/2007        N                 605000                   1       3.25               2900                                                                               20705          12/28/2006              8      SA2605EI_ARM-INTONLY                             0            600000                             90000      95                        636               0     NO-PREPAY                                  12/1/2011            5           5           1            3.25
     1103640780       TOWNHOUSE                         1     OO        PURCHASE              N                             7.375                7.375              335200                335200               1/1/2007             12/1/2036                  2060.08      360      80     VA                   2/1/2007        N                 430000                   1       3.25            2060.08                                                                               22031          12/28/2006              8      SA2605EI_ARM-INTONLY                             0            419000                             83800     100                        677               0     3YR                                        12/1/2011            5           5           1            3.25
     1103640781       SFR                               1     OO        PURCHASE              N                                 7                    7              252000                252000               1/1/2007             12/1/2036                     1470      360      80     GA                   2/1/2007        N                 316000                   1       3.25               1470                                                                               30228          12/28/2006              8      SA0605EI_ARM-INTONLY                             0            315000                             63000     100                        694               0     NO-PREPAY                                  12/1/2011            5           5           1            3.25
     1103640782       CONDO                             1     OO        PURCHASE              N                             7.375                7.375              179900                179900               1/1/2007             12/1/2036                  1105.64      360      80     MD                   2/1/2007        N                 230000                   1       3.25            1105.64                                                                               20877          12/28/2006              2      PA0605EI_ARM-INTONLY                             0            224900                             45002     100                        683           38.78     NO-PREPAY                                  12/1/2011            5           5           1            3.25
     1103640783       SFR                               1     OO        PURCHASE              N                             6.875                6.875              196000                196000               1/1/2007             12/1/2036                  1122.92      360      80     TN                   2/1/2007        N                 245000                   1       3.25            1122.92                                                                               38024          12/28/2006              2      PA0605EI_ARM-INTONLY                             0            245000                             49000     100                        719           41.21     1YR                                        12/1/2011            5           5           1            3.25
     1103640785       PUD                               1     OO        REFI                  Y                             7.375                7.375              257000                257000               1/1/2007             12/1/2036                  1579.48      360   77.88     VA                   2/1/2007        N                 330000                   1       3.25            1579.48                                                                               20164          12/28/2006              8      SA2605EI_ARM-INTONLY                             0                 0                                 0   77.88                        640               0     1YR                                        12/1/2011            5           5           1            3.25
     1103640786       PUD                               1     OO        REFI                  Y                             7.875                7.875              400000                400000               1/1/2007             12/1/2036                     2625      360      80     GA                   2/1/2007        N                 500000                   1       3.25               2625                                                                               30024          12/28/2006             12      SA2605EI_ARM-INTONLY                             0                 0                             50000      90                        671               0     NO-PREPAY                                  12/1/2011            5           5           1            3.25
     1103640787       PUD                               1     OO        PURCHASE              N                              7.25                 7.25              370400                370400               1/1/2007             12/1/2036                  2237.84      360      80     VA                   2/1/2007        N                 466000                   1       3.25            2237.84                                                                               20151          12/28/2006             12      XA0605EI_ARM-INTONLY                             0            463000                             92600     100                        692               0     3YR                                        12/1/2011            5           5           1            3.25
     1103640788       SFR                               1     OO        PURCHASE              N                             6.875                6.875              424000                424000               1/1/2007             12/1/2036                  2429.17      360      80     VA                   2/1/2007        N                 555000                   1       3.25            2429.17                                                                               22030          12/28/2006              2      PA1605EI_ARM-INTONLY                             0            530000                            106000     100                        671           44.23     1YR                                        12/1/2011            5           5           1            3.25
     1103640789       PUD                               1     OO        PURCHASE              N                              6.25                 6.25              239200                239200               1/1/2007             12/1/2036                  1245.83      360      80     MD                   2/1/2007        N                 315000                   1       3.25            1245.83                                                                               20886          12/28/2006              2      PA0605EI_ARM-INTONLY                             0            299000                             59800     100                        711              40     NO-PREPAY                                  12/1/2011            5           5           1            3.25
     1103640790       PUD                               1     OO        PURCHASE              N                             6.625                6.625              180654                180654               1/1/2007             12/1/2036                   997.36      360      80     GA                   2/1/2007        N                 226000                   1       3.25             997.36                                                                               30519          12/28/2006              2      PA0605EI_ARM-INTONLY                             0            225818                             45164     100                        682          39.244     NO-PREPAY                                  12/1/2011            5           5           1            3.25
     1103640791       TOWNHOUSE                         1     OO        PURCHASE              N                             6.875                6.875              212000                212000               1/1/2007             12/1/2036                  1214.58      360      80     MD                   2/1/2007        N                 284000                   1       3.25            1214.58                                                                               21117          12/28/2006              2      PA1605EI_ARM-INTONLY                             0            265000                             53000     100                        674          34.073     NO-PREPAY                                  12/1/2011            5           5           1            3.25
     1103640792       SFR                               1     OO        PURCHASE              N                             7.125                7.125              480000                480000               1/1/2007             12/1/2036                     2850      360      80     VA                   2/1/2007        N                 600000                   1       3.25               2850                                                                               22042          12/28/2006              8      SA2605EI_ARM-INTONLY                             0            600000                            120000     100                        662               0     3YR                                        12/1/2011            5           5           1            3.25
     1103640795       PUD                               1     OO        PURCHASE              N                              7.25                 7.25              464000                464000               1/1/2007             12/1/2036                  2803.33      360      80     MD                   2/1/2007        N                 580000                   1       3.25            2803.33                                                                               20877          12/28/2006              8      SA0605EI_ARM-INTONLY                             0            580000                            116000     100                        688               0     NO-PREPAY                                  12/1/2011            5           5           1            3.25
     1103640796       SFR                               1     OO        PURCHASE              N                             6.875                6.875              650000                650000               1/1/2007             12/1/2036                  3723.96      360   79.27     VA                   2/1/2007        N                 820000                   1       3.25            3723.96                                                                               22042          12/28/2006              8      SA2605EI_ARM-INTONLY                             0            820000                            128986      95                        656               0     1YR                                        12/1/2011            5           5           1            3.25
     1103640797       PUD                               1     OO        PURCHASE              N                              6.75                 6.75              184000                184000               1/1/2007             12/1/2036                     1035      360      80     AZ                   2/1/2007        N                 230000                   1       3.25               1035                                                                               85353          12/28/2006              2      PA0605EI_ARM-INTONLY                             0            230000                             46000     100                        732          38.285     1YR                                        12/1/2011            5           5           1            3.25
     1103640799       PUD                               1     OO        PURCHASE              N                             6.625                6.625              194320                194320               1/1/2007             12/1/2036                  1072.81      360   79.98     GA                   2/1/2007        N                 250000                   1       3.25            1072.81                                                                               30043          12/28/2006              2      PA1605EI_ARM-INTONLY                             0            242990                             48574   99.97                        673          37.316     NO-PREPAY                                  12/1/2011            5           5           1            3.25
     1103640802       SFR                               1     OO        PURCHASE              N                              6.75                 6.75               80000              79861.85               1/1/2007             12/1/2036                   518.88      360   45.72     AZ                   2/1/2007        N                 180000                   1       3.25             518.88                                                                               85701          12/28/2006             12      BA2605E_ARM                                      0            175000                                 0   45.72                        667               0     NO-PREPAY                                  12/1/2011            5           5           1            3.25
     1103640804       PUD                               1     OO        REFI                  Y                             6.125                6.125              240000             239532.27               1/1/2007             12/1/2036                  1458.27      360   64.87     NV                   2/1/2007        N                 370000                   1       3.25            1458.27                                                                               89147          12/28/2006              8      SA0605E_ARM                                      0                 0                                 0   64.87                        706               0     NO-PREPAY                                  12/1/2011            5           5           1            3.25
     1103640805       2-4FAMILY                         2     OO        PURCHASE              N                             7.375                7.375              367600             367038.86               1/1/2007             12/1/2036                  2538.92      360      80     NJ                   2/1/2007        N                 460000                   1       3.25            2538.92                                                                               07057          12/28/2006              8      SA2605E_ARM                                      0            459500                             91900     100                        667               0     NO-PREPAY                                  12/1/2011            5           5           1            3.25
     1103640807       2-4FAMILY                         2     OO        PURCHASE              N                              7.75                 7.75              400000             399433.54               1/1/2007             12/1/2036                  2865.65      360      80     NJ                   2/1/2007        N                 512000                   1       3.25            2865.65                                                                               07201          12/28/2006             12      BA2605E_ARM                                      0            500000                            100000     100                        671               0     NO-PREPAY                                  12/1/2011            5           5           1            3.25
     1103640808       TOWNHOUSE                         1     OO        PURCHASE              N                              6.25                 6.25              303440              303439.8               1/1/2007             12/1/2036                  1580.42      360      80     VA                   2/1/2007        N                 390000                   1       3.25            1580.42                                                                               22315          12/28/2006              8      SA2603EI_ARM-INTONLY                             0            379300                             75860     100                        678               0     3YR                                        12/1/2009            6           2           1            3.25
     1103640809       SFR                               1     OO        REFI                  Y                              7.75                 7.75              312000             311558.16               1/1/2007             12/1/2036                  2235.21      360      80     MD                   2/1/2007        N                 390000                   1       3.25            2235.21                                                                               20740          12/28/2006              8      SA2603E_ARM                                      0                 0                             58500      95                        626               0     NO-PREPAY                                  12/1/2009            6           2           1            3.25
     1103640813       2-4FAMILY                         2     OO        REFI                  Y                                 7                    7              588000             587550.65               1/1/2007             12/1/2036                  3654.02      360      80     CA                   2/1/2007        Y                 735000                   1          0            3654.02                                                                               92701          12/28/2006              8      SB0640_BALLOON                                   0                 0                             36456   84.96                        719               0     3YR                                                             0           0           0               0
     1103640814       PUD                               1     OO        PURCHASE              N                                 7                    7              247200             246793.56               1/1/2007             12/1/2036                  1644.63      360      80     TX                   2/1/2007        N                 315000                   1          0            1644.63                                                                               77382          12/28/2006             12      XF0630_FIXEDRATE                                 0            309000                             61800     100                        764               0     3YR                                                             0           0           0               0
     1103640815       PUD                               1     OO        REFI                  Y                             6.875                6.875              340000             339427.07               1/1/2007             12/1/2036                  2233.56      360   66.15     VA                   2/1/2007        N                 514000                   1          0            2233.56                                                                               20164          12/28/2006              2      PF1630_FIXEDRATE                                 0                 0                                 0   66.15                        667          38.443     NO-PREPAY                                                       0           0           0               0
     1103640817       CONDO                             1     OO        REFI                  N                             7.375                7.375              200000              199694.7               1/1/2007             12/1/2036                  1381.35      360      80     VA                   2/1/2007        N                 250000                   1          0            1381.35                                                                               22042          12/28/2006              2      PF1630_FIXEDRATE                                 0                 0                             12500      85                        647          45.289     1YR                                                             0           0           0               0
     1103640819       TOWNHOUSE                         1     OO        PURCHASE              N                             6.375                6.375              216305             215903.26               1/1/2007             12/1/2036                  1349.46      360      80     GA                   2/1/2007        N                 277000                   1          0            1349.46                                                                               30097          12/28/2006              2      PF0630_FIXEDRATE                                 0            270385                             54104     100                        697            39.6     NO-PREPAY                                                       0           0           0               0
     1103640820       SFR                               1     OO        PURCHASE              N                             6.875                6.875              531952             531055.62               1/1/2007             12/1/2036                  3494.55      360      80     MD                   2/1/2007        N                 675000                   1          0            3494.55                                                                               21076          12/28/2006              2      PF1630_FIXEDRATE                                 0            664940                                 0      80                        676          38.267     NO-PREPAY                                                       0           0           0               0
     1103640821       SFR                               1     OO        REFI                  Y                               6.5                  6.5              211000             209605.99               1/1/2007             12/1/2021                  1838.04      180    41.3     CA                   2/1/2007        N                 511000                   1          0            1838.04                                                                               91790          12/28/2006              2      PF0615_FIXEDRATE                                 0                 0                                 0    41.3                        684           37.91     1YR                                                             0           0           0               0
     1103640824       CONDO                             1     OO        REFI                  Y                               6.5                  6.5              220000             219806.81               1/1/2007             12/1/2036                     1288      360   45.37     CA                   2/1/2007        Y                 485000                   1          0               1288                                                                               90241          12/28/2006             12      SB0640_BALLOON                                   0                 0                                 0   45.37                        731               0     3YR                                                             0           0           0               0
     1103640894       SFR                               1     OO        REFI                  Y                                 6                    6              577100             576525.49               2/1/2007              1/1/2037                  3460.01      360    67.9     CA                   2/1/2007        N                 850000                   1          0            3460.01                                                                               92886          12/29/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0    67.9                        716           24.06     3YR                                                             0           0           0               0
     1103640897       SFR                               1     OO        REFI                  N                             6.375                6.375              500000                500000               2/1/2007              1/1/2037                  2656.25      360   74.08     CA                   2/1/2007        N                 675000                   1          3            2656.25                                                                               95624          12/22/2006              1      PA1605EI_ARM-INTONLY                             0                 0                             80000   85.93                        652           35.97     2YR                                         1/1/2012            6           3           1               3
     1103640921       SFR                               1     OO        PURCHASE              N                             6.125                6.125              169600                169600               2/1/2007              1/1/2037                   865.67      360      80     CO                   2/1/2007        N                 212000                   1          3             865.67                                                                               80013            1/2/2007              2      PA0605EI_ARM-INTONLY                             0            212000                             42400     100                        694           38.41     2YR                                         1/1/2012            6           3           1               3
     1103641010       SFR                               1     NOO       PURCHASE              N                               7.5                  7.5              118400             118312.13               2/1/2007              1/1/2037                   827.87      360      80     GA                   2/1/2007        N                 148000                   1          0             827.87                                                                               30161            1/8/2007             17      PF0630_FIXEDRATE                                 0            148000                                 0      80                        714           22.96     NO-PREPAY                                                       0           0           0               0
     1103641054       SFR                               1     OO        REFI                  Y                             6.875                6.875              273000              272309.3               1/1/2007             12/1/2036                  1793.42      360      65     NJ                   2/1/2007        N                 420000                   1          0            1793.42                                                                               07083          12/19/2006             12      SF0630_FIXEDRATE                                 0                 0                                 0      65                        705               0     NO-PREPAY                                                       0           0           0               0
     1103641055       SFR                               1     NOO       REFI                  N                              6.75                 6.75              450000              448833.3               1/1/2007             12/1/2036                  2918.69      360      75     NJ                   2/1/2007        N                 600000                   1          0            2918.69                                                                               08008          12/19/2006              8      SF0630_FIXEDRATE                                 0                 0                                 0      75                        687               0     NO-PREPAY                                                       0           0           0               0
     1103641056       2-4FAMILY                         3     NOO       REFI                  Y                              8.25                 8.25              480000             479385.74               1/1/2007             12/1/2036                  3606.08      360      80     NY                   2/1/2007        N                 600000                   1          0            3606.08                                                                               10314          12/19/2006              2      BF0230_FIXEDRATE                                 0                 0                             24000      84                        779           43.95     NO-PREPAY                                                       0           0           0               0
     1103641057       SFR                               1     OO        PURCHASE              N                             7.125                7.125              113600             113417.11               1/1/2007             12/1/2036                   765.34      360      80     TX                   2/1/2007        N                 143000                   1          0             765.34                                                                               75002          12/19/2006              8      SF0630_FIXEDRATE                                 0            142000                             28400     100                        681               0     NO-PREPAY                                                       0           0           0               0
     1103641058       SFR                               1     OO        REFI                  N                                 7                    7              358000             357706.54               2/1/2007              1/1/2037                  2381.78      360   79.56     NY                   2/1/2007        N                 450000                   1          0            2381.78                                                                               11716          12/19/2006             17      PF0630_FIXEDRATE                                 0                 0                                 0   79.56                        685           40.33     NO-PREPAY                                                       0           0           0               0
     1103641059       SFR                               1     OO        REFI                  N                             6.625                6.625              528000             527065.74               1/1/2007             12/1/2036                  3380.84      360      80     NY                   2/1/2007        N                 660000                   1          0            3380.84                                                                               11949          12/19/2006              1      PF1630_FIXEDRATE                                 0                 0                             66000      90                        670           37.89     NO-PREPAY                                                       0           0           0               0
     1103641073       2-4FAMILY                         3     NOO       REFI                  Y                              12.5                 12.5               24000              23987.65               1/1/2007             12/1/2021                   256.14      180       4     NY                   2/1/2007        Y                 600000                   2          0             256.14                                                                               10314          12/19/2006              2      TB0630_BALLOON                                   0                 0                                 0      84                        779           43.95     NO-PREPAY                                                       0           0           0               0
     1103641081       SFR                               1     OO        REFI                  Y                             5.875                5.875              255000                255000               1/1/2007             12/1/2036                  1248.44      360   57.96     CA                   2/1/2007        N                 440000                   1       2.25            1248.44                                                                               95687          12/22/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   57.96                        739           13.55     3YR                                        12/1/2011            6           6           2            2.25
     1103641082       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              392000              391608.9               1/1/2007             12/1/2036                     2205      360      80     CA                   2/1/2007        N                 490000                   1       2.25               2205                                                                               96094          12/22/2006              2      PA0605EI_ARM-INTONLY                             0            490000                             98000     100                        683           38.72     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103641083       2-4FAMILY                         2     OO        REFI                  N                             6.875                6.875              322400                322400               1/1/2007             12/1/2036                  1847.08      360      80     CA                   2/1/2007        N                 403000                   1       2.25            1847.08                                                                               95817          12/22/2006             17      PA0605EI_ARM-INTONLY                             0                 0                             55977   93.89                        690           47.34     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103641084       SFR                               1     OO        PURCHASE              N                              5.75                 5.75             1000000               1000000               1/1/2007             12/1/2036                  4791.67      360   74.08     CA                   2/1/2007        N                1645000                   1       2.25            4791.67                                                                               95076          12/22/2006              2      PA0605EI_ARM-INTONLY                             0           1350000                            135682   84.13                        772           43.67     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103641085       CONDO                             1     OO        PURCHASE              N                               5.5                  5.5              688000             686490.43               1/1/2007             12/1/2036                  3906.39      360      80     CA                   2/1/2007        N                 860000                   1       2.25            3906.39                                                                               94110          12/22/2006              1      PA0605E_ARM                                      0            860000                             49966   85.81                        699           47.47     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103641086       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              328000                328000               1/1/2007             12/1/2036                  1776.67      360      80     CA                   2/1/2007        N                 410000                   1       2.25            1776.67                                                                               92345          12/22/2006              2      PA0605EI_ARM-INTONLY                             0            410000                             82000     100                        697           43.33     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103641087       PUD                               1     OO        PURCHASE              N                              6.25                 6.25              314000                314000               2/1/2007              1/1/2037                  1635.42      360      80     CA                   2/1/2007        N                 393000                   1       2.25            1635.42                                                                               92064          12/22/2006              2      PA0605EI_ARM-INTONLY                             0            392500                             78500     100                        696           48.91     NO-PREPAY                                   1/1/2012            6           6           2            2.25
     1103641088       SFR                               1     OO        PURCHASE              N                                 6                    6              212000                212000               1/1/2007             12/1/2036                     1060      360      80     CA                   2/1/2007        N                 265000                   1       2.25               1060                                                                               93535          12/22/2006              1      PA1605EI_ARM-INTONLY                             0            265000                             53000     100                        650           42.07     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103641089       SFR                               1     NOO       REFI                  Y                             6.875                6.875              484000             482773.12              12/1/2006             11/1/2036                  3179.54      360      80     CA                   2/1/2007        N                 605000                   1       2.25            3179.54                                                                               90755          12/22/2006              2      PA0605E_ARM                                      0                 0                             30190   84.99                        691           38.33     NO-PREPAY                                  11/1/2011            6           6           2            2.25
     1103641090       SFR                               1     OO        REFI                  Y                             6.875                6.875              399100              398427.5               1/1/2007             12/1/2036                   2621.8      360   73.23     CA                   2/1/2007        N                 545000                   1       2.25             2621.8                                                                               95688          12/22/2006             17      PA1605E_ARM                                      0                 0                             86012   89.02                        673           43.17     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103641092       SFR                               1     2ND       REFI                  N                               5.5                  5.5              475000                475000               1/1/2007             12/1/2036                  2177.08      360    62.1     CA                   2/1/2007        N                 765000                   1       2.25            2177.08                                                                               96137          12/22/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0    62.1                        703           35.49     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103641093       SFR                               1     OO        REFI                  N                             5.875                5.875              359000                359000               1/1/2007             12/1/2036                   1757.6      360   63.43     CA                   2/1/2007        N                 566000                   1       2.25             1757.6                                                                               95405          12/22/2006              2      PA1605EI_ARM-INTONLY                             0                 0                            100024    81.1                        668           26.71     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103641094       SFR                               1     OO        REFI                  Y                             7.375                7.375              424000                424000               1/1/2007             12/1/2036                  2605.83      360      80     CA                   2/1/2007        N                 530000                   1       2.25            2605.83                                                                               94544          12/22/2006              2      PA2605EI_ARM-INTONLY                             0                 0                                 0      80                        620           38.35     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103641095       SFR                               1     NOO       PURCHASE              N                               6.5                  6.5              203450             203081.16               1/1/2007             12/1/2036                  1285.94      360      65     CA                   2/1/2007        N                 338500                   1       2.25            1285.94                                                                               93312          12/22/2006              2      PA0605E_ARM                                      0            313000                                 0      65                        691            44.7     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103641096       SFR                               1     OO        REFI                  Y                             7.125                7.125              352000                352000               1/1/2007             12/1/2036                     2090      360      80     CA                   2/1/2007        N                 440000                   1       2.25               2090                                                                               95949          12/22/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             29964   86.81                        647           37.92     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103641097       SFR                               1     OO        REFI                  Y                              6.75                 6.75              720000                720000               1/1/2007             12/1/2036                     4050      360   52.37     CA                   2/1/2007        N                1375000                   1       2.25               4050                                                                               95003          12/28/2006             12      XA1605EI_ARM-INTONLY                             0                 0                                 0   52.37                        647               0     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103641098       SFR                               1     OO        PURCHASE              N                             6.375                6.375              544000                544000               1/1/2007             12/1/2036                     2890      360      80     CA                   2/1/2007        N                 680000                   1       2.25               2890                                                                               94560          12/22/2006              2      PA0605EI_ARM-INTONLY                             0            680000                            136000     100                        722           48.28     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103641099       2-4FAMILY                         4     OO        REFI                  N                             6.875                6.875              508400                508400               1/1/2007             12/1/2036                  2912.71      360    76.8     CA                   2/1/2007        N                 662000                   1       2.25            2912.71                                                                               94804          12/22/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0    76.8                        684           44.89     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103641100       SFR                               1     NOO       REFI                  Y                             6.375                6.375              360000                360000               1/1/2007             12/1/2036                   1912.5      360   62.07     CA                   2/1/2007        N                 580000                   1       2.25             1912.5                                                                               95405          12/22/2006              8      SA0605EI_ARM-INTONLY                             0                 0                                 0   62.07                        795               0     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103641101       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              430000                430000               1/1/2007             12/1/2036                  2418.75      360      80     CA                   2/1/2007        N                 540000                   1       2.25            2418.75                                                                               91342          12/22/2006              2      PA0605EI_ARM-INTONLY                             0            537500                            107500     100                        792           39.02     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103641102       PUD                               1     OO        PURCHASE              N                             6.125                6.125              368000                368000               1/1/2007             12/1/2036                  1878.33      360   79.66     CA                   2/1/2007        N                 462000                   1       2.25            1878.33                                                                               93065          12/22/2006              2      PA0605EI_ARM-INTONLY                             0            462000                             91988   99.57                        723            41.6     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103641103       CONDO                             1     OO        PURCHASE              N                             5.875                5.875              532000                532000               1/1/2007             12/1/2036                  2604.58      360      80     CA                   2/1/2007        N                 665000                   1       2.25            2604.58                                                                               94107          12/22/2006              1      PA1605EI_ARM-INTONLY                             0            665000                             99750      95                        660            39.9     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103641128       SFR                               1     OO        PURCHASE              N                             6.125                6.125              384300                381700               2/1/2007              1/1/2037                  1961.53      360      70     CA                   2/1/2007        N                 570000                   1          0            1961.53                                                                               91740          12/22/2006             17      PF0630I_FIX-INTONLY                              0            549000                                 0      70                        735              40     3YR                                                             0           0           0               0
     1103641148       PUD                               1     NOO       PURCHASE              N                             8.125                8.125               92283              92161.85               1/1/2007             12/1/2036                    685.2      360      80     TX                   2/1/2007        N                 121000                   1       2.75              685.2                                                                               77433          12/29/2006              2      PA1605E_ARM                                      0            115354                             17303      95                        674           19.43     NO-PREPAY                                  12/1/2011            6           3           1           8.125
     1103641153       CONDO                             1     NOO       PURCHASE              N                              8.25                 8.25              223600                223600               1/1/2007             12/1/2036                  1537.25      360      80     FL                   2/1/2007        N                 280000                   1       2.75            1537.25                                                                               34747          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            279500                             41925      95                        702           29.09     3YR                                        12/1/2011            6           3           1            8.25
     1103641155       SFR                               1     OO        REFI                  Y                              5.75                 5.75              316000                316000               1/1/2007             12/1/2036                  1514.17      360   42.14     CA                   2/1/2007        N                 750000                   1       2.75            1514.17                                                                               94087          12/29/2006              1      XA0610EI_ARM-INTONLY                             0                 0                                 0   42.14                        789           49.33     3YR                                        12/1/2016            6           3           1            5.75
     1103641157       SFR                               1     NOO       REFI                  Y                               8.5                  8.5              296000                296000               1/1/2007             12/1/2036                  2096.67      360      80     CA                   2/1/2007        N                 370000                   1       2.75            2096.67                                                                               95757          12/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             55500      95                        705           42.53     3YR                                        12/1/2011            6           3           1             8.5
     1103641159       SFR                               1     OO        REFI                  Y                               6.5                  6.5              445000                445000               1/1/2007             12/1/2036                  2410.42      360   58.79     CA                   2/1/2007        N                 757000                   1       2.75            2410.42                                                                               91913          12/29/2006              1      PA1605EI_ARM-INTONLY                             0                 0                                 0   58.79                        677           40.14     3YR                                        12/1/2011            6           3           1             6.5
     1103641160       2-4FAMILY                         2     OO        REFI                  Y                             6.875                6.875              345000                345000               1/1/2007             12/1/2036                  1976.56      360   66.35     CA                   2/1/2007        N                 520000                   1       2.75            1976.56                                                                               90262          12/29/2006              2      BA3205EI_ARM-INTONLY                             0                 0                                 0   66.35                        616           41.46     3YR                                        12/1/2011            6           3           1           6.875
     1103641161       SFR                               1     2ND       REFI                  Y                              6.49                 6.49              232500                232500               1/1/2007             12/1/2036                  1257.44      360      75     CA                   2/1/2007        N                 310000                   1       2.75            1257.44                                                                               96094          12/29/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      75                        653           49.56     3YR                                        12/1/2011            6           3           1            6.49
     1103641162       SFR                               1     OO        REFI                  Y                             6.625                6.625              480000                480000               1/1/2007             12/1/2036                     2650      360      80     CA                   2/1/2007        N                 600000                   1       2.75               2650                                                                               93030          12/29/2006              2      PA1605EI_ARM-INTONLY                             0                 0                            120000     100                        666            47.7     3YR                                        12/1/2011            6           3           1           6.625
     1103641163       SFR                               1     OO        PURCHASE              N                             6.875                6.875              240000                240000               1/1/2007             12/1/2036                     1375      360      80     WA                   2/1/2007        N                 300000                   1       2.75               1375                                                                               98058          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            300000                             60000     100                        667            49.7     1YR                                        12/1/2011            6           3           1           6.875
     1103641164       SFR                               1     OO        PURCHASE              N                             7.375                7.375              368000                368000               1/1/2007             12/1/2036                  2261.67      360      80     CA                   2/1/2007        N                 460000                   1       2.75            2261.67                                                                               91733          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            460000                             92000     100                        666           45.29     3YR                                        12/1/2011            6           3           1           7.375
     1103641165       SFR                               1     OO        PURCHASE              N                             6.375                6.375              480000                480000               1/1/2007             12/1/2036                     2550      360      80     CA                   2/1/2007        N                 620000                   1       2.75               2550                                                                               91911          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            600000                            120000     100                        674           48.09     3YR                                        12/1/2011            6           3           1           6.375
     1103641166       SFR                               1     NOO       REFI                  Y                              8.25                 8.25              111200             111057.69               1/1/2007             12/1/2036                   835.41      360      80     IL                   2/1/2007        N                 139000                   1       2.75             835.41                                                                               60827          12/29/2006              2      PA1605E_ARM                                      0                 0                             20850      95                        660              41     NO-PREPAY                                  12/1/2011            6           3           1            8.25
     1103641168       SFR                               1     OO        PURCHASE              N                              6.99                 6.99              458400                458400               1/1/2007             12/1/2036                  2670.18      360      80     CA                   2/1/2007        N                 580000                   1       2.75            2670.18                                                                               91342          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            573000                            114600     100                        761            45.9     3YR                                        12/1/2011            6           3           1            6.99
     1103641169       SFR                               1     OO        PURCHASE              N                               7.5                  7.5              276000                276000               1/1/2007             12/1/2036                     1725      360      80     CA                   2/1/2007        N                 350000                   1       2.75               1725                                                                               92404          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            345000                             69000     100                        655           41.05     3YR                                        12/1/2011            6           3           1             7.5
     1103641170       2-4FAMILY                         4     OO        PURCHASE              N                             8.125                8.125              860000                860000               1/1/2007             12/1/2036                  5822.92      360      80     CA                   2/1/2007        N                1075000                   1       2.75            5822.92                                                                               91205          12/29/2006              2      XA1605EI_ARM-INTONLY                             0           1075000                            161250      95                        669           43.66     1YR                                        12/1/2011            6           3           1           8.125
     1103641171       2-4FAMILY                         4     NOO       REFI                  Y                              8.25                 8.25              746250                746250               1/1/2007             12/1/2036                  5130.47      360      75     CA                   2/1/2007        N                 995000                   1       2.75            5130.47                                                                               92831          12/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      75                        726           36.81     3YR                                        12/1/2011            6           3           1            8.25
     1103641172       SFR                               1     OO        PURCHASE              N                             7.625                7.625              483200                483200               1/1/2007             12/1/2036                  3070.33      360      80     CA                   2/1/2007        N                 604000                   1       2.75            3070.33                                                                               90016          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            604000                            120800     100                        647           35.11     3YR                                        12/1/2011            6           3           1           7.625
     1103641173       2-4FAMILY                         4     OO        PURCHASE              N                              7.99                 7.99              640000             639136.54               1/1/2007             12/1/2036                  4691.63      360      80     CA                   2/1/2007        N                 800000                   1       2.75            4691.63                                                                               90058          12/29/2006              2      PA0605E_ARM                                      0            800000                            160000     100                        683           23.59     NO-PREPAY                                  12/1/2011            6           3           1            7.99
     1103641174       CONDO                             1     OO        PURCHASE              N                               8.5                  8.5              195120                195120               1/1/2007             12/1/2036                   1382.1      360      80     FL                   2/1/2007        N                 244000                   1       2.75             1382.1                                                                               33161          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            243900                             48780     100                        661           38.28     3YR                                        12/1/2011            6           3           1             8.5
     1103641175       CONDO                             1     OO        PURCHASE              N                              8.75                 8.75              560000                560000               1/1/2007             12/1/2036                  4083.33      360      80     CA                   2/1/2007        N                 700000                   1       2.75            4083.33                                                                               92887          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            700000                            140000     100                        682           40.06     3YR                                        12/1/2011            6           3           1            8.75
     1103641176       SFR                               1     OO        REFI                  Y                              7.25                 7.25              456000                456000               1/1/2007             12/1/2036                     2755      360      80     CA                   2/1/2007        N                 570000                   1       2.75               2755                                                                               91350          12/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            114000     100                        726           49.03     NO-PREPAY                                  12/1/2011            6           3           1            7.25
     1103641177       PUD                               1     OO        PURCHASE              N                              6.99                 6.99              183999                183999               1/1/2007             12/1/2036                  1071.79      360      80     NV                   2/1/2007        N                 230000                   1       2.75            1071.79                                                                               89108          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            229999                             46000     100                        668           41.77     3YR                                        12/1/2011            6           3           1            6.99
     1103641178       2-4FAMILY                         4     OO        PURCHASE              N                              7.99                 7.99              680000                680000               1/1/2007             12/1/2036                  4527.67      360      80     CA                   2/1/2007        N                 920000                   1       2.75            4527.67                                                                               90813          12/29/2006              8      SA0605EI_ARM-INTONLY                             0            850000                            170000     100                        685               0     3YR                                        12/1/2011            6           3           1            7.99
     1103641180       CONDO                             1     OO        PURCHASE              N                             7.875                7.875              253600                253600               1/1/2007             12/1/2036                  1664.25      360      80     CA                   2/1/2007        N                 317000                   1       2.75            1664.25                                                                               91706          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            317000                             63400     100                        718           45.53     3YR                                        12/1/2011            6           3           1           7.875
     1103641181       2-4FAMILY                         3     OO        PURCHASE              N                             7.625                7.625              456000             455911.54               1/1/2007             12/1/2036                   2897.5      360      80     CA                   2/1/2007        N                 570000                   1       2.75             2897.5                                                                               90022          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            570000                            114000     100                        686           44.34     3YR                                        12/1/2011            6           3           1           7.625
     1103641183       SFR                               1     OO        PURCHASE              N                             8.375                8.375              370000                370000               1/1/2007             12/1/2036                  2582.29      360      80     CA                   2/1/2007        N                 505000                   1       2.75            2582.29                                                                               92111          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            462500                             92500     100                        649           44.39     3YR                                        12/1/2011            6           3           1           8.375
     1103641185       2-4FAMILY                         2     OO        PURCHASE              N                              7.75                 7.75              432000                432000               1/1/2007             12/1/2036                     2790      360      80     CA                   2/1/2007        N                 540000                   1       2.75               2790                                                                               90262          12/29/2006              8      SA0605EI_ARM-INTONLY                             0            540000                            108000     100                        695               0     3YR                                        12/1/2011            6           3           1            2.75
     1103641186       SFR                               1     OO        PURCHASE              N                             8.125                8.125              592000                592000               1/1/2007             12/1/2036                  4008.33      360      80     CA                   2/1/2007        N                 890000                   1       2.75            4008.33                                                                               92653          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            740000                            148000     100                        659            36.2     3YR                                        12/1/2011            6           3           1           8.125
     1103641187       SFR                               1     OO        PURCHASE              N                             7.125                7.125              430400                430400               1/1/2007             12/1/2036                   2555.5      360      80     CA                   2/1/2007        N                 555000                   1       2.75             2555.5                                                                               91605          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            538000                            107600     100                        726           39.76     NO-PREPAY                                  12/1/2011            6           3           1           7.125
     1103641190       PUD                               1     OO        PURCHASE              N                              8.25                 8.25              412000                412000               1/1/2007             12/1/2036                   2832.5      360      80     CA                   2/1/2007        N                 520000                   1       2.75             2832.5                                                                               92883          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            515000                            103000     100                        650           39.11     3YR                                        12/1/2011            6           3           1            8.25
     1103641192       SFR                               1     OO        REFI                  Y                             7.125                7.125              428000                428000               1/1/2007             12/1/2036                  2541.25      360      80     CA                   2/1/2007        N                 535000                   1       2.75            2541.25                                                                               90042          12/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        688           18.75     3YR                                        12/1/2011            6           3           1           7.125
     1103641193       CONDO                             1     NOO       PURCHASE              N                             8.375                8.375              156000                156000               1/1/2007             12/1/2036                  1088.75      360      80     IL                   2/1/2007        N                 196000                   1       2.75            1088.75                                                                               61801          12/29/2006              1      PA2605EI_ARM-INTONLY                             0            195000                             29250      95                        636           47.48     NO-PREPAY                                  12/1/2011            6           3           1           8.375
     1103641194       CONDO                             1     NOO       PURCHASE              N                             8.375                8.375              132000                132000               1/1/2007             12/1/2036                   921.25      360      80     IL                   2/1/2007        N                 170000                   1       2.75             921.25                                                                               61801          12/29/2006              1      PA2605EI_ARM-INTONLY                             0            165000                             24750      95                        636           47.48     NO-PREPAY                                  12/1/2011            6           3           1           8.375
     1103641230       2-4FAMILY                         2     OO        REFI                  Y                              7.99                 7.99              510000                510000               2/1/2007              1/1/2037                  3395.75      360      85     CA                   2/1/2007        N                 600000                   1        3.5            3395.75                                                                               90255          12/21/2006              2      PA0405EI_ARM-INTONLY                            22                 0                                 0      85                        768            44.9     3YR                                         1/1/2012            6           3           1             3.5
     1103641304       SFR                               1     NOO       REFI                  Y                             6.375                6.375              240000                240000               2/1/2007              1/1/2037                     1275      360      75     HI                   2/1/2007        N                 320000                   1          3               1275                                                                               96792          12/29/2006              2      PA0603EI_ARM-INTONLY                             0                 0                                 0      75                        698           30.31     NO-PREPAY                                   1/1/2010            6           3           1               3
     1103641339       SFR                               1     OO        REFI                  Y                             6.875                6.875              128000                128000               2/1/2007              1/1/2037                   733.33      360      80     CA                   2/1/2007        N                 160000                   1          0             733.33                                                                               93307          12/28/2006              2      PF2630I_FIX-INTONLY                              0                 0                                 0      80                        637           40.15     3YR                                                             0           0           0               0
     1103641369       SFR                               1     OO        PURCHASE              N                                 7                    7              439200                439200               2/1/2007              1/1/2037                     2562      360      80     CA                   2/1/2007        N                 549000                   1          3               2562                                                                               91342          12/21/2006              2      PA0605EI_ARM-INTONLY                             0            549000                            109800     100                        722           38.06     3YR                                         1/1/2012            6           3           1               3
     1103641411       SFR                               1     OO        REFI                  Y                             6.375                6.375              203500                203500               2/1/2007              1/1/2037                  1081.09      360   69.94     FL                   2/1/2007        N                 291000                   1          3            1081.09                                                                               32533            1/3/2007              1      PA1607EI_ARM-INTONLY                             0                 0                                 0   69.94                        655           15.69     1YR                                         1/1/2014            6           3           1               3
     1103641456       SFR                               1     NOO       REFI                  Y                              6.25                 6.25              390000             389629.93               2/1/2007              1/1/2037                   2401.3      360      60     CA                   2/1/2007        N                 650000                   1          0             2401.3                                                                               95076            1/3/2007              7      SF1630_FIXEDRATE                                 0                 0                                 0      60                        683               0     NO-PREPAY                                                       0           0           0               0
     1103641480       SFR                               1     OO        PURCHASE              N                               7.5                  7.5              256000                256000               2/1/2007              1/1/2037                     1600      360      80     CA                   2/1/2007        N                 365000                   1          3               1600                                                                               92571          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            320000                             64000     100                        669           41.21     3YR                                         1/1/2012            6           3           1               3
     1103641486       SFR                               1     OO        REFI                  Y                              6.25                 6.25              202000                202000               2/1/2007              1/1/2037                  1052.08      360   67.34     CA                   2/1/2007        N                 300000                   1          3            1052.08                                                                               92345          12/28/2006             12      SA1605EI_ARM-INTONLY                             0                 0                                 0   67.34                        693               0     1YR                                         1/1/2012            6           3           1               3
     1103641539       D-PUDS                            1     NOO       REFI                  N                             6.625                6.625              185000             184836.77               2/1/2007              1/1/2037                  1184.58      360   58.74     CA                   2/1/2007        N                 315000                   1          0            1184.58                                                                               93312            1/9/2007              2      PF1630_FIXEDRATE                                 0                 0                                 0   58.74                        663           40.67     3YR                                                             0           0           0               0
     1103641542       SFR                               1     OO        REFI                  N                             7.375                7.375              101000             100923.14               2/1/2007              1/1/2037                   697.59      360    77.7     PA                   2/1/2007        N                 130000                   1          0             697.59                                                                               17756          12/27/2006              7      SF0630_FIXEDRATE                                 0                 0                                 0    77.7                        695               0     3YR                                                             0           0           0               0
     1103641559       SFR                               1     OO        PURCHASE              N                             7.125                7.125              163000                163000               2/1/2007              1/1/2037                   967.81      360      80     CA                   2/1/2007        N                 210000                   1          3             967.81                                                                               92314          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            203750                             40750     100                        680           46.64     2YR                                         1/1/2012            6           3           1               3
     1103641600       SFR                               1     OO        REFI                  Y                              7.25                 7.25              366400             365826.63               1/1/2007             12/1/2036                  2499.49      360      80     NJ                   2/1/2007        N                 458000                   1          0            2499.49                                                                               07461          12/28/2006             12      SF0630_FIXEDRATE                                 0                 0                                 0      80                        771               0     NO-PREPAY                                                       0           0           0               0
     1103641602       SFR                               1     OO        PURCHASE              N                               7.5                  7.5              226600             226260.49               1/1/2007             12/1/2036                  1416.25      360      80     NY                   2/1/2007        N                 286000                   1          0            1416.25                                                                               12550          12/28/2006             12      XF0630I_FIX-INTONLY                              0            283250                             56650     100                        760               0     NO-PREPAY                                                       0           0           0               0
     1103641608       2-4FAMILY                         2     NOO       REFI                  Y                                 7                    7              720000              718816.2               1/1/2007             12/1/2036                  4790.18      360      40     NY                   2/1/2007        N                1800000                   1          0            4790.18                                                                               11232          12/28/2006              8      BF0230_FIXEDRATE                                 0                 0                                 0      40                        775               0     NO-PREPAY                                                       0           0           0               0
     1103641609       SFR                               1     OO        REFI                  Y                              6.25                 6.25              178700                178360               1/1/2007             12/1/2036                  1100.29      360   30.82     NJ                   2/1/2007        N                 580000                   1          0            1100.29                                                                               07649          12/28/2006              8      SF0630_FIXEDRATE                                 0                 0                                 0   30.82                        752               0     NO-PREPAY                                                       0           0           0               0
     1103641610       2-4FAMILY                         3     OO        PURCHASE              N                             6.375                6.375              420000             419219.93               1/1/2007             12/1/2036                  2620.25      360      80     NY                   2/1/2007        N                 690000                   1          0            2620.25                                                                               11221          12/28/2006              2      PF0630_FIXEDRATE                                 0            525000                            105000     100                        688           23.17     NO-PREPAY                                                       0           0           0               0
     1103641611       2-4FAMILY                         2     OO        PURCHASE              N                              8.25                 8.25              391760                391760               1/1/2007             12/1/2036                  2693.35      360      80     NY                   2/1/2007        N                 494000                   1          0            2693.35                                                                               10456          12/28/2006             12      XF0630I_FIX-INTONLY                              0            489700                             97940     100                        740               0     NO-PREPAY                                                       0           0           0               0
     1103641612       SFR                               1     OO        REFI                  Y                             6.375                6.375              885000             883356.27               1/1/2007             12/1/2036                  5521.25      360   40.23     NJ                   2/1/2007        N                2200000                   1          0            5521.25                                                                               07458          12/28/2006             12      BF0230_FIXEDRATE                                 0                 0                            550220   65.24                        791               0     NO-PREPAY                                                       0           0           0               0
     1103641622       SFR                               1     OO        REFI                  N                              6.25                 6.25              248000             247528.15               1/1/2007             12/1/2036                  1526.98      360      80     WA                   2/1/2007        N                 310000                   1          0            1526.98                                                                               98021          12/28/2006              1      PF1630_FIXEDRATE                                 0                 0                             32984   90.64                        655              42     NO-PREPAY                                                       0           0           0               0
     1103641643       SFR                               1     OO        REFI                  Y                                 7                    7              207920                207920               2/1/2007              1/1/2037                  1212.87      360   79.36     OR                   2/1/2007        N                 262000                   1        2.5            1212.87                                                                               97306            1/2/2007              1      PA0605EI_ARM-INTONLY                             0                 0                                 0   79.36                        721           18.07     3YR                                         1/1/2012            6           3           1             2.5
     1103641709       D-PUDS                            1     OO        PURCHASE              N                              5.75                 5.75              332000                332000               2/1/2007              1/1/2037                  1590.83      360      80     CA                   2/1/2007        N                 415000                   1          3            1590.83                                                                               92883          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            415000                             83000     100                        709           37.21     2YR                                         1/1/2012            6           3           1               3
     1103641834       SFR                               1     NOO       PURCHASE              N                                13                   13               25400                 25400               2/1/2007              1/1/2022                   275.17      180   14.95     MS                   2/1/2007        Y                 170000                   2          0             275.17                                                                               39503          12/29/2006              2      TB0630I_BALLOON-INTONLY                          0            169900                                 0   89.94                        709           41.92     NO-PREPAY                                                       0           0           0               0
     1103641919       SFR                               1     OO        REFI                  Y                             7.625                7.625              123900                123900               3/1/2007              2/1/2037                   876.96      360      70     FL                   2/1/2007        N                 177000                   1          0             876.96                                                                               32566           1/31/2007             12      SF2630_FIXEDRATE                                 0                 0                                 0      70                        677               0     3YR                                                             0           0           0               0
     1103642004       SFR                               1     OO        REFI                  N                               6.5                  6.5              558400                558400               1/1/2007             12/1/2036                  3024.67      360      80     CA                   2/1/2007        N                 698000                   1       2.25            3024.67                                                                               95713          12/28/2006              2      PA0602EI_ARM-INTONLY                             0                 0                             69591   89.97                        764           38.48     NO-PREPAY                                  12/1/2008            6           3           1            2.25
     1103642005       SFR                               1     OO        PURCHASE              N                             6.125                6.125              424000                424000               1/1/2007             12/1/2036                  2164.17      360      80     CA                   2/1/2007        N                 530000                   1       2.25            2164.17                                                                               94544          12/28/2006              2      PA0602EI_ARM-INTONLY                             0            530000                            106000     100                        689           37.06     NO-PREPAY                                  12/1/2008            6           3           1            2.25
     1103642006       SFR                               1     OO        PURCHASE              N                             6.625                6.625              560000                560000               1/1/2007             12/1/2036                  3091.67      360      80     CA                   2/1/2007        N                 750000                   1       2.25            3091.67                                                                               94403          12/28/2006              2      PA0602EI_ARM-INTONLY                             0            700000                            140000     100                        701           44.05     NO-PREPAY                                  12/1/2008            6           3           1            2.25
     1103642009       SFR                               1     OO        PURCHASE              N                             6.625                6.625              375920                375920               1/1/2007             12/1/2036                  2075.39      360      80     NV                   2/1/2007        N                 519000                   1       2.25            2075.39                                                                               89074          12/28/2006              2      PA0602EI_ARM-INTONLY                             0            469900                             93980     100                        705           34.09     NO-PREPAY                                  12/1/2008            6           3           1            2.25
     1103642010       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              768000             766515.99               1/1/2007             12/1/2036                     4160      360      80     CA                   2/1/2007        N                 960000                   1       2.25               4160                                                                               94610          12/28/2006              2      PA0602EI_ARM-INTONLY                             0            960000                            144000      95                        785           37.34     NO-PREPAY                                  12/1/2008            6           3           1            2.25
     1103642045       D-PUDS                            1     OO        REFI                  N                             6.625                6.625              343200                343200               2/1/2007              1/1/2037                  1894.75      360      80     CA                   2/1/2007        N                 429000                   1          0            1894.75                                                                               92585            1/3/2007              1      PF0630I_FIX-INTONLY                              0                 0                             37500   88.75                        692              42     NO-PREPAY                                                       0           0           0               0
     1103642092       SFR                               1     OO        REFI                  Y                             7.625                7.625              492000                492000              12/1/2006             11/1/2036                  3126.25      360      80     CA                   2/1/2007        N                 615000                   1       2.75            3126.25                                                                               91342          12/21/2006              8      SA0605EI_ARM-INTONLY                             0                 0                                 0      80                        684               0     3YR                                        11/1/2011            5           5           1            2.75
     1103642094       PUD                               1     OO        REFI                  Y                             6.875                6.875              435500             434766.17               1/1/2007             12/1/2036                  2860.92      360      65     FL                   2/1/2007        N                 670000                   1       2.25            2860.92                                                                               33647          12/21/2006             12      SA1605E_ARM                                      0                 0                                 0      65                        667               0     3YR                                        12/1/2011            5           5           1            2.25
     1103642095       SFR                               1     OO        REFI                  Y                              5.75                 5.75              205000                205000               1/1/2007             12/1/2036                   982.29      360   43.16     CA                   2/1/2007        N                 475000                   1       2.25             982.29                                                                               90037          12/21/2006             12      SA1605EI_ARM-INTONLY                             0                 0                                 0   43.16                        664               0     3YR                                        12/1/2011            5           5           1            2.25
     1103642096       SFR                               1     OO        REFI                  Y                               6.5                  6.5              248000                248000               1/1/2007             12/1/2036                  1343.33      360   61.24     CA                   2/1/2007        N                 405000                   1       2.75            1343.33                                                                               91766          12/21/2006             17      PA0605EI_ARM-INTONLY                             0                 0                                 0   61.24                        684            38.4     3YR                                        12/1/2011            5           5           1            2.75
     1103642097       SFR                               1     OO        REFI                  Y                               6.5                  6.5              417000                417000               1/1/2007             12/1/2036                  2258.75      360   64.16     CA                   2/1/2007        N                 650000                   1       2.25            2258.75                                                                               90620          12/21/2006             12      BA0205EI_ARM-INTONLY                             0                 0                             33000   69.24                        684               0     3YR                                        12/1/2011            5           5           1            2.25
     1103642099       SFR                               1     OO        PURCHASE              N                             6.875                6.875              212000                212000               1/1/2007             12/1/2036                  1214.58      360      80     CA                   2/1/2007        N                 269000                   1       2.25            1214.58                                                                               92543          12/21/2006             17      PA0605EI_ARM-INTONLY                             0            265000                             53000     100                        705           41.24     3YR                                        12/1/2011            5           5           1            2.25
     1103642201       D-PUDS                            1     OO        REFI                  Y                            11.625               11.625              263150                263150               2/1/2007              1/1/2037                  2549.27      360      95     NV                   2/1/2007        N                 277000                   1       4.25            2549.27                                                                               89148            1/5/2007              7      EA1602EI_ARM-INTONLY                            30                 0                                 0      95                        676               0     3YR                                         1/1/2009            6           3           1           5.625
     1103642204       SFR                               1     OO        REFI                  Y                             6.625                6.625              613600                613600               2/1/2007              1/1/2037                  3387.58      360      80     CA                   2/1/2007        N                 767000                   1          3            3387.58                                                                               92886          12/29/2006              2      PA0603EI_ARM-INTONLY                             0                 0                                 0      80                        716           45.97     2YR                                         1/1/2010            6           3           1               3
     1103642223       2-4FAMILY                         3     NOO       REFI                  N                             6.875                6.875              313000                313000               1/1/2007             12/1/2036                  1793.23      360   63.62     CA                   2/1/2007        N                 492000                   1       2.25            1793.23                                                                               95207          12/27/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0   63.62                        670           32.17     1YR                                        12/1/2011            6           6           2            2.25
     1103642225       SFR                               1     NOO       REFI                  Y                              7.25                 7.25              450000                450000               1/1/2007             12/1/2036                  2718.75      360      75     CA                   2/1/2007        N                 600000                   1       2.25            2718.75                                                                               91405          12/27/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      75                        699              51     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103642226       SFR                               1     OO        REFI                  Y                             6.625                6.625              450000             449964.92               1/1/2007             12/1/2036                  2484.38      360   74.39     CA                   2/1/2007        N                 605000                   1       2.25            2484.38                                                                               93551          12/27/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   74.39                        702           31.48     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103642227       SFR                               1     OO        PURCHASE              N                               6.5                  6.5             1000000               1000000               1/1/2007             12/1/2036                  5416.67      360   76.93     CA                   2/1/2007        N                1350000                   1       2.25            5416.67                                                                               93021          12/27/2006              2      PA0605EI_ARM-INTONLY                             0           1300000                                 0   76.93                        791           31.73     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103642228       SFR                               1     OO        PURCHASE              N                             6.875                6.875              239200                237830               1/1/2007             12/1/2036                  1370.42      360      80     CA                   2/1/2007        N                 300000                   1       2.25            1370.42                                                                               92325          12/27/2006              1      PA2605EI_ARM-INTONLY                             0            299000                             59800     100                        631            39.8     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103642229       SFR                               1     OO        REFI                  N                              6.75                 6.75              380000                380000               1/1/2007             12/1/2036                   2137.5      360      80     CA                   2/1/2007        N                 475000                   1       2.25             2137.5                                                                               93458          12/27/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             44983   89.48                        698           43.26     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103642230       SFR                               1     OO        REFI                  Y                              6.75                 6.75              270000                270000               1/1/2007             12/1/2036                  1518.75      360      54     CA                   2/1/2007        N                 500000                   1       2.25            1518.75                                                                               94805          12/27/2006             12      XA2605EI_ARM-INTONLY                             0                 0                                 0      54                        628               0     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103642231       CONDO                             1     NOO       REFI                  Y                               6.5                  6.5              150000                150000               1/1/2007             12/1/2036                    812.5      360   28.58     CA                   2/1/2007        N                 525000                   1       2.25              812.5                                                                               93111          12/27/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   28.58                        715           35.67     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103642232       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              641000                641000               1/1/2007             12/1/2036                  3338.54      360   68.12     CA                   2/1/2007        N                 941000                   1       2.25            3338.54                                                                               94925          12/27/2006              2      PA1605EI_ARM-INTONLY                             0            941000                                 0   68.12                        672           33.87     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103642233       PUD                               1     OO        PURCHASE              N                              6.75                 6.75              922300                922300               1/1/2007             12/1/2036                  5187.94      360      80     CA                   2/1/2007        N                1153000                   1       2.25            5187.94                                                                               94952          12/27/2006              2      PA0605EI_ARM-INTONLY                             0           1152934                            172479   94.96                        691           43.95     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103642234       SFR                               1     OO        PURCHASE              N                             6.625                6.625              304000                304000               1/1/2007             12/1/2036                  1678.33      360      80     CA                   2/1/2007        N                 401000                   1       2.25            1678.33                                                                               93706          12/27/2006              2      PA0605EI_ARM-INTONLY                             0            380000                             38000      90                        688           43.91     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103642235       SFR                               1     OO        PURCHASE              N                             6.375                6.375              692000             691952.37               1/1/2007             12/1/2036                  3676.25      360      80     CA                   2/1/2007        N                 980000                   1       2.25            3676.25                                                                               94610          12/27/2006              2      PA1605EI_ARM-INTONLY                             0            865000                            173000     100                        679            39.3     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103642236       SFR                               1     OO        REFI                  N                             6.625                6.625              730000                730000               1/1/2007             12/1/2036                  4030.21      360   75.26     CA                   2/1/2007        N                 970000                   1       2.25            4030.21                                                                               94030          12/27/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0   75.26                        652           39.43     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103642237       CONDO                             1     OO        PURCHASE              N                              6.25                 6.25              231200                231200               1/1/2007             12/1/2036                  1204.17      360      80     CA                   2/1/2007        N                 290000                   1       2.25            1204.17                                                                               92111          12/27/2006              2      PA0605EI_ARM-INTONLY                             0            289000                             57800     100                        784           32.76     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103642238       SFR                               1     OO        REFI                  Y                              6.75                 6.75              356000                356000               1/1/2007             12/1/2036                   2002.5      360      80     CA                   2/1/2007        N                 445000                   1       2.25             2002.5                                                                               92508          12/27/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             54958   92.36                        686           40.64     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103642239       2-4FAMILY                         4     NOO       REFI                  Y                              7.25                 7.25              862500                862500               1/1/2007             12/1/2036                  5210.94      360      75     CA                   2/1/2007        N                1150000                   1       2.75            5210.94                                                                               94952          12/27/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      75                        709            43.9     NO-PREPAY                                  12/1/2011            6           6           2            2.75
     1103642240       CONDO                             1     OO        PURCHASE              N                             6.625                6.625              155700             155699.59               1/1/2007             12/1/2036                   859.59      360   79.99     NV                   2/1/2007        N                 197000                   1       2.25             859.59                                                                               89149          12/27/2006              2      PA0605EI_ARM-INTONLY                             0            194670                             38915   99.98                        685            42.4     3YR                                        12/1/2011            6           6           2            2.25
     1103642241       SFR                               1     OO        REFI                  Y                             6.625                6.625              411450                411450               1/1/2007             12/1/2036                  2271.55      360      65     CA                   2/1/2007        N                 633000                   1       2.25            2271.55                                                                               94545          12/27/2006              7      PA0605EI_ARM-INTONLY                             0                 0                            157554   89.89                        761               0     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103642242       SFR                               1     OO        PURCHASE              N                             7.125                7.125              512000                512000               1/1/2007             12/1/2036                     3040      360      80     CA                   2/1/2007        N                 660000                   1       2.25               3040                                                                               91354          12/27/2006              2      PA1605EI_ARM-INTONLY                             0            640000                            128000     100                        650           33.56     NO-PREPAY                                  12/1/2011            6           6           2            2.25
     1103642281       SFR                               1     NOO       REFI                  N                                 6                    6              220000                220000               2/1/2007              1/1/2037                     1100      360      55     CA                   2/1/2007        N                 400000                   1          0               1100                                                                               92253            1/8/2007              2      PF0630I_FIX-INTONLY                              0                 0                                 0      55                        707              40     2YR                                                             0           0           0               0
     1103642295       SFR                               1     NOO       REFI                  Y                             7.875                7.875              330000                330000              12/1/2006             11/1/2036                  2165.63      360      75     NY                   2/1/2007        N                 440000                   1          0            2165.63                                                                               11575            1/4/2007              8      SF2630I_FIX-INTONLY                              0                 0                                 0      75                        661               0     1YR                                                             0           0           0               0
     1103642296       HI-RISE                           1     NOO       PURCHASE              N                              7.75                 7.75             1939000               1939000              12/1/2006             11/1/2036                 12522.71      360      70     NY                   2/1/2007        N                2780000                   1          0           12522.71                                                                               10022            1/4/2007              8      XF0630I_FIX-INTONLY                              0           2770036                                 0      70                        757               0     1YR                                                             0           0           0               0
     1103642309       2-4FAMILY                         4     NOO       PURCHASE              N                                 8                    8               94400              94208.72              12/1/2006             11/1/2036                   692.67      360      80     NY                   2/1/2007        N                 118000                   1          0             692.67                                                                               14207           1/10/2007              8      SF0630_FIXEDRATE                                 0            118000                                 0      80                        736               0     3YR                                                             0           0           0               0
     1103642312       2-4FAMILY                         3     NOO       REFI                  Y                              7.25                 7.25              546000             544714.48              12/1/2006             11/1/2036                  3724.68      360      65     NY                   2/1/2007        N                 840000                   1          0            3724.68                                                                               11105            1/4/2007              8      SF2630_FIXEDRATE                                 0                 0                                 0      65                        657               0     1YR                                                             0           0           0               0
     1103642316       2-4FAMILY                         2     NOO       REFI                  Y                              8.25                 8.25              942500             940684.58              12/1/2006             11/1/2036                  7080.69      360      65     NY                   2/1/2007        N                1450000                   1          0            7080.69                                                                               11238            1/4/2007              8      BF2230_FIXEDRATE                                 0                 0                                 0      65                        647               0     1YR                                                             0           0           0               0
     1103642320       2-4FAMILY                         3     NOO       REFI                  Y                                 7                    7              380000             379060.09              12/1/2006             11/1/2036                  2528.15      360    69.1     NY                   2/1/2007        N                 550000                   1          0            2528.15                                                                               10462            1/4/2007              8      SF0630_FIXEDRATE                                 0                 0                                 0    69.1                        729               0     1YR                                                             0           0           0               0
     1103642322       2-4FAMILY                         2     OO        REFI                  Y                             7.375                7.375              150000             149771.03               1/1/2007             12/1/2036                  1036.01      360   31.58     NY                   2/1/2007        N                 475000                   1          0            1036.01                                                                               11203            1/4/2007             12      BF2230_FIXEDRATE                                 0                 0                                 0   31.58                        634               0     1YR                                                             0           0           0               0
     1103642324       SFR                               1     OO        REFI                  Y                             7.125                7.125              225000             224639.07               1/1/2007             12/1/2036                  1515.87      360   51.37     NY                   2/1/2007        N                 438000                   1          0            1515.87                                                                               11580            1/4/2007              8      SF2630_FIXEDRATE                                 0                 0                                 0   51.37                        664               0     1YR                                                             0           0           0               0
     1103642327       SFR                               1     NOO       REFI                  Y                              8.25                 8.25              330000             329577.69               1/1/2007             12/1/2036                  2479.18      360      55     NY                   2/1/2007        N                 600000                   1          0            2479.18                                                                               11726            1/4/2007              8      XF3630_FIXEDRATE                                 0                 0                                 0      55                        624               0     1YR                                                             0           0           0               0
     1103642329       SFR                               1     OO        REFI                  Y                             6.875                6.875              185000             184844.58               2/1/2007              1/1/2037                  1215.32      360   48.06     NY                   2/1/2007        N                 385000                   1          0            1215.32                                                                               11752            1/4/2007              8      SF0630_FIXEDRATE                                 0                 0                                 0   48.06                        686               0     1YR                                                             0           0           0               0
     1103642331       2-4FAMILY                         3     NOO       REFI                  Y                                 7                    7              507000             502173.27              12/1/2006             11/1/2021                  4557.06      180      65     NY                   2/1/2007        N                 780000                   1          0            4557.06                                                                               11354            1/4/2007              8      SF2615_FIXEDRATE                                 0                 0                                 0      65                        639               0     1YR                                                             0           0           0               0
     1103642333       2-4FAMILY                         2     NOO       REFI                  Y                             6.875                6.875              165000              163412.2              12/1/2006             11/1/2021                  1471.56      180   23.58     NY                   2/1/2007        N                 700000                   1          0            1471.56                                                                               11355            1/4/2007              8      SF2615_FIXEDRATE                                 0                 0                                 0   23.58                        669               0     1YR                                                             0           0           0               0
     1103642357       SFR                               1     NOO       PURCHASE              N                                 7                    7              476250                476250               2/1/2007              1/1/2037                  2778.13      360      75     CA                   2/1/2007        N                 635000                   1          3            2778.13                                                                               94044            1/5/2007              2      PA0603EI_ARM-INTONLY                             0            635000                             95250      90                        738           32.88     6MO                                         1/1/2010            6           3           1               3
     1103642372       SFR                               1     2ND       REFI                  Y                             5.625                5.625              270000                270000               2/1/2007              1/1/2037                  1265.63      360      75     CA                   2/1/2007        N                 360000                   1          3            1265.63                                                                               92122            1/3/2007              2      PA0603EI_ARM-INTONLY                             0                 0                             41700   86.59                        721            39.6     NO-PREPAY                                   1/1/2010            6           3           1               3
     1103642375       SFR                               1     NOO       PURCHASE              N                             7.875                7.875              139300             139107.65               1/1/2007             12/1/2036                  1010.02      360      70     NJ                   2/1/2007        N                 241000                   1          0            1010.02                                                                               08250          12/29/2006             12      XF0630_FIXEDRATE                                 0            199000                             39800      90                        725               0     NO-PREPAY                                                       0           0           0               0
     1103642376       SFR                               1     OO        REFI                  Y                             6.875                6.875              489250             488425.59               1/1/2007             12/1/2036                  3214.02      360   59.67     NY                   2/1/2007        N                 820000                   1          0            3214.02                                                                               10512            1/3/2007             12      BF2230_FIXEDRATE                                 0                 0                            289706      95                        680               0     1YR                                                             0           0           0               0
     1103642377       SFR                               1     OO        PURCHASE              N                             7.125                7.125              239200              238816.3               1/1/2007             12/1/2036                  1611.53      360      80     NJ                   2/1/2007        N                 300000                   1          0            1611.53                                                                               08723          12/29/2006             17      PF1630_FIXEDRATE                                 0            299000                                 0      80                        678          42.245     NO-PREPAY                                                       0           0           0               0
     1103642378       SFR                               1     OO        REFI                  Y                              7.75                 7.75              160000             159719.33               1/1/2007             12/1/2036                  1146.26      360      80     FL                   2/1/2007        N                 200000                   1          0            1146.26                                                                               32953          12/29/2006             17      PF0630_FIXEDRATE                                 0                 0                                 0      80                        695          28.677     NO-PREPAY                                                       0           0           0               0
     1103642379       SFR                               1     OO        REFI                  Y                               6.5                  6.5              432000             431216.82               1/1/2007             12/1/2036                  2730.53      360      80     NY                   2/1/2007        N                 540000                   1          0            2730.53                                                                               11793          12/29/2006              2      XF1630_FIXEDRATE                                 0                 0                                 0      80                        647          51.523     1YR                                                             0           0           0               0
     1103642380       SFR                               1     OO        REFI                  Y                              6.75                 6.75              200000             199654.63               1/1/2007             12/1/2036                   1297.2      360   66.67     NJ                   2/1/2007        N                 300000                   1          0             1297.2                                                                               08753          12/29/2006             17      PF0630_FIXEDRATE                                 0                 0                                 0   66.67                        730          34.597     NO-PREPAY                                                       0           0           0               0
     1103642382       SFR                               1     OO        REFI                  Y                              7.25                 7.25              320000             319499.24               1/1/2007             12/1/2036                  2182.96      360   79.02     NJ                   2/1/2007        N                 405000                   1          0            2182.96                                                                               08050          12/29/2006              2      PF1630_FIXEDRATE                                 0                 0                                 0   79.02                        643           35.11     NO-PREPAY                                                       0           0           0               0
     1103642383       SFR                               1     OO        REFI                  Y                             6.875                6.875              120000              119797.8               1/1/2007             12/1/2036                   788.31      360      48     NJ                   2/1/2007        N                 250000                   1          0             788.31                                                                               08757          12/29/2006              1      PF1630_FIXEDRATE                                 0                 0                                 0      48                        669          21.663     NO-PREPAY                                                       0           0           0               0
     1103642384       SFR                               1     OO        REFI                  Y                             7.375                7.375              384000             383413.82               1/1/2007             12/1/2036                  2652.19      360   78.37     NY                   2/1/2007        N                 490000                   1          0            2652.19                                                                               11766          12/29/2006             17      PF0630_FIXEDRATE                                 0                 0                                 0   78.37                        730          35.472     1YR                                                             0           0           0               0
     1103642385       2-4FAMILY                         2     OO        REFI                  Y                              7.25                 7.25              400000             399236.77               1/1/2007             12/1/2036                  2728.71      360      80     NJ                   2/1/2007        N                 500000                   1          0            2728.71                                                                               07644          12/29/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      80                        701          48.223     NO-PREPAY                                                       0           0           0               0
     1103642386       SFR                               1     NOO       PURCHASE              N                               8.5                  8.5              262500             262180.83               1/1/2007             12/1/2036                   2018.4      360      70     FL                   2/1/2007        N                 375000                   1          0             2018.4                                                                               33625          12/29/2006             12      XF0630_FIXEDRATE                                 0            375000                             75000      90                        710               0     2YR                                                             0           0           0               0
     1103642387       2-4FAMILY                         4     NOO       PURCHASE              N                              7.25                 7.25              188800             188504.55               1/1/2007             12/1/2036                  1287.95      360      80     WI                   2/1/2007        N                 238000                   1          0            1287.95                                                                               53218          12/29/2006              1      PF1630_FIXEDRATE                                 0            236000                                 0      80                        660          29.092     3YR                                                             0           0           0               0
     1103642388       SFR                               1     OO        REFI                  Y                             7.375                7.375              324000              323505.4               1/1/2007             12/1/2036                  2237.79      360      80     NY                   2/1/2007        N                 405000                   1          0            2237.79                                                                               11704          12/29/2006              2      PF0630_FIXEDRATE                                 0                 0                             60750      95                        699           40.52     1YR                                                             0           0           0               0
     1103642389       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              352000             351681.79               2/1/2007              1/1/2037                  2224.88      360      80     NJ                   2/1/2007        N                 440000                   1          0            2224.88                                                                               07712          12/29/2006             17      PF0630_FIXEDRATE                                 0            440000                                 0      80                        756           45.27     NO-PREPAY                                                       0           0           0               0
     1103642390       2-4FAMILY                         2     OO        PURCHASE              N                               7.5                  7.5              440000             439971.36               1/1/2007             12/1/2036                     2750      360      80     NY                   2/1/2007        N                 550000                   1          0               2750                                                                               10550          12/29/2006              2      PF0630I_FIX-INTONLY                              0            550000                            110000     100                        782          34.074     1YR                                                             0           0           0               0
     1103642391       SFR                               1     OO        PURCHASE              N                               7.5                  7.5              329600                329600               1/1/2007             12/1/2036                     2060      360      80     NY                   2/1/2007        N                 412000                   1          0               2060                                                                               10704          12/29/2006              8      SF0630I_FIX-INTONLY                              0            412500                             82400     100                        726               0     1YR                                                             0           0           0               0
     1103642393       2-4FAMILY                         2     OO        PURCHASE              N                             8.875                8.875              304850                304850               1/1/2007             12/1/2036                  2254.62      360      80     NY                   2/1/2007        N                 382000                   1          0            2254.62                                                                               10460          12/29/2006             17      PF0630I_FIX-INTONLY                              0            381100                             76220     100                        751          40.724     NO-PREPAY                                                       0           0           0               0
     1103642394       2-4FAMILY                         4     OO        REFI                  Y                              7.65                 7.65              508000             507677.07               1/1/2007             12/1/2036                  3399.45      360      80     NY                   2/1/2007        Y                 635000                   1          0            3399.45                                                                               11212          12/29/2006              2      PB0640_BALLOON                                   0                 0                             31750      85                        748          36.841     1YR                                                             0           0           0               0
     1103642517       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              455000                455000               1/1/2007             12/1/2036                  2464.58      360   79.14     CA                   2/1/2007        N                 585000                   1       3.25            2464.58                                                                               94550          12/28/2006              2      XA1605DI_ARM-INTONLY                             0            575000                                 0   79.14                        655           44.98     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103642518       2-4FAMILY                         4     NOO       REFI                  Y                              6.25                 6.25              380000                380000               1/1/2007             12/1/2036                  1979.17      360   40.87     CA                   2/1/2007        N                 930000                   1       3.25            1979.17                                                                               92805          12/28/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0   40.87                        709           20.24     3YR                                        12/1/2011            5           5           2            3.25
     1103642519       PUD                               1     OO        REFI                  Y                             6.375                6.375              207000             206805.44               1/1/2007             12/1/2036                  1099.69      360   55.95     CA                   2/1/2007        N                 370000                   1       3.25            1099.69                                                                               93446          12/28/2006             12      XA0605DI_ARM-INTONLY                             0                 0                                 0   55.95                        697               0     3YR                                        12/1/2011            5           5           2            3.25
     1103642520       SFR                               1     OO        PURCHASE              N                                 7                    7              252000                252000               1/1/2007             12/1/2036                     1470      360      80     CA                   2/1/2007        N                 315000                   1       3.25               1470                                                                               95206          12/28/2006              2      XA1605DI_ARM-INTONLY                             0            315000                             63000     100                        676           41.46     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103642521       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              417000                417000               1/1/2007             12/1/2036                  2258.75      360   78.68     CA                   2/1/2007        N                 530000                   1       3.25            2258.75                                                                               94565          12/28/2006              2      XA0605DI_ARM-INTONLY                             0            530000                            113049     100                        706           42.94     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103642522       SFR                               1     OO        PURCHASE              N                             6.875                6.875              482400                482400               1/1/2007             12/1/2036                  2763.75      360      80     CA                   2/1/2007        N                 605000                   1       3.25            2763.75                                                                               90250          12/28/2006              8      XA1605DI_ARM-INTONLY                             0            603000                            120600     100                        668               0     3YR                                        12/1/2011            5           5           2            3.25
     1103642523       SFR                               1     OO        REFI                  Y                             6.375                6.375              345000                345000               1/1/2007             12/1/2036                  1832.81      360      75     CA                   2/1/2007        N                 460000                   1       3.25            1832.81                                                                               92316          12/28/2006             12      XA0605DI_ARM-INTONLY                             0                 0                             46000      85                        697               0     3YR                                        12/1/2011            5           5           2            3.25
     1103642524       PUD                               1     OO        PURCHASE              N                                 6                    6              167200                167200               1/1/2007             12/1/2036                      836      360      80     PA                   2/1/2007        N                 214000                   1       2.25                836                                                                               19320          12/28/2006              1      XA1605DI_ARM-INTONLY                             0            209000                             41800     100                        676           44.22     3YR                                        12/1/2011            5           5           2            2.25
     1103642526       CONDO                             1     OO        PURCHASE              N                              6.25                 6.25              228000                228000               1/1/2007             12/1/2036                   1187.5      360      80     CA                   2/1/2007        N                 300000                   1       3.25             1187.5                                                                               92127          12/28/2006              1      XA1605DI_ARM-INTONLY                             0            285000                             57000     100                        642           40.46     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103642527       SFR                               1     NOO       REFI                  N                             6.375                6.375              393000                393000               1/1/2007             12/1/2036                  2087.81      360   64.43     CA                   2/1/2007        N                 610000                   1       3.25            2087.81                                                                               92563          12/28/2006             12      XA0605DI_ARM-INTONLY                             0                 0                                 0   64.43                        705               0     3YR                                        12/1/2011            5           5           2            3.25
     1103642528       SFR                               1     OO        PURCHASE              N                             6.375                6.375              248000                248000               1/1/2007             12/1/2036                   1317.5      360      80     CA                   2/1/2007        N                 340000                   1       3.25             1317.5                                                                               92544          12/28/2006              2      XA0605DI_ARM-INTONLY                             0            310000                             62000     100                        747           40.95     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103642529       PUD                               1     OO        REFI                  Y                             5.875                5.875              225000              223928.4               1/1/2007             12/1/2036                  1101.56      360   69.24     CA                   2/1/2007        N                 325000                   1       2.25            1101.56                                                                               94589          12/28/2006              1      XA0605DI_ARM-INTONLY                             0                 0                                 0   69.24                        799            27.5     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103642530       SFR                               1     OO        REFI                  N                             6.625                6.625              504000                504000               1/1/2007             12/1/2036                   2782.5      360      70     CA                   2/1/2007        N                 720000                   1       3.25             2782.5                                                                               92703          12/28/2006             12      XA1605DI_ARM-INTONLY                             0                 0                                 0      70                        678               0     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103642531       SFR                               1     NOO       REFI                  Y                             6.875                6.875              544000             543916.67               1/1/2007             12/1/2036                  3116.67      360      80     CA                   2/1/2007        N                 680000                   1       3.25            3116.67                                                                               94578          12/28/2006              1      XA0605DI_ARM-INTONLY                             0                 0                                 0      80                        733           40.75     1YR                                        12/1/2011            5           5           2            3.25
     1103642532       PUD                               1     OO        PURCHASE              N                             6.625                6.625              565609                565609               1/1/2007             12/1/2036                  3122.63      360      80     VA                   2/1/2007        N                 735000                   1       3.25            3122.63                                                                               22191          12/28/2006              8      XA0605DI_ARM-INTONLY                             0            707012                            105981   94.99                        708               0     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103642533       SFR                               1     OO        REFI                  Y                              6.75                 6.75              273750                273750               1/1/2007             12/1/2036                  1539.84      360      75     CA                   2/1/2007        N                 365000                   1       3.25            1539.84                                                                               95360          12/28/2006              2      XA0605DI_ARM-INTONLY                             0                 0                             54750      90                        682           39.66     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103642534       CONDO                             1     OO        PURCHASE              N                             6.375                6.375              116000                116000               1/1/2007             12/1/2036                   616.25      360      80     NJ                   2/1/2007        N                 145000                   1       2.25             616.25                                                                               08823          12/28/2006              1      XA0605DI_ARM-INTONLY                             0            145000                             29000     100                        729           37.32     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103642535       PUD                               1     NOO       REFI                  N                             6.875                6.875              209000                209000               2/1/2007              1/1/2037                   1197.4      360   74.65     FL                   2/1/2007        N                 280000                   1       3.25             1197.4                                                                               32246          12/28/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0   74.65                        713            44.6     1YR                                         1/1/2012            5           5           2            3.25
     1103642536       CONDO                             1     OO        PURCHASE              N                               6.5                  6.5              240000                240000               1/1/2007             12/1/2036                     1300      360      80     CA                   2/1/2007        N                 300000                   1       3.25               1300                                                                               91762          12/28/2006              2      XA1605DI_ARM-INTONLY                             0            300000                             60000     100                        661           41.62     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103642538       CONDO                             1     OO        PURCHASE              N                                 7                    7              480000                480000               1/1/2007             12/1/2036                     2800      360      80     CA                   2/1/2007        N                 615000                   1       3.25               2800                                                                               94582          12/28/2006              2      XA0605DI_ARM-INTONLY                             0            600000                            120000     100                        780           42.45     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103642539       PUD                               1     OO        PURCHASE              N                               6.5                  6.5              173600                173600               1/1/2007             12/1/2036                   940.33      360      80     AZ                   2/1/2007        N                 225000                   1       3.25             940.33                                                                               85323          12/28/2006              8      XA0605DI_ARM-INTONLY                             0            217000                             43400     100                        687               0     3YR                                        12/1/2011            5           5           2            3.25
     1103642540       CONDO                             1     OO        REFI                  N                             6.375                6.375              301500                301500               1/1/2007             12/1/2036                  1601.72      360   79.35     CA                   2/1/2007        N                 380000                   1       3.25            1601.72                                                                               92126          12/28/2006              1      XA0605DI_ARM-INTONLY                             0                 0                             73910    98.8                        745           46.26     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103642542       SFR                               1     OO        REFI                  N                             6.375                6.375              412500                412500               2/1/2007              1/1/2037                  2191.41      360      75     CA                   2/1/2007        N                 550000                   1       3.25            2191.41                                                                               94931          12/28/2006              2      XA0605DI_ARM-INTONLY                             0                 0                             55000      85                        695           34.45     NO-PREPAY                                   1/1/2012            5           5           2            3.25
     1103642544       SFR                               1     OO        REFI                  Y                             6.625                6.625              664000                664000               1/1/2007             12/1/2036                  3665.83      360      80     CA                   2/1/2007        N                 830000                   1       3.25            3665.83                                                                               95117          12/28/2006              2      XA1605DI_ARM-INTONLY                             0                 0                                 0      80                        672           42.43     3YR                                        12/1/2011            5           5           2            3.25
     1103642545       SFR                               1     2ND       PURCHASE              N                               7.5                  7.5              708000                708000               1/1/2007             12/1/2036                     4425      360      80     CA                   2/1/2007        N                 925000                   1       3.25               4425                                                                               92084          12/28/2006              2      XA0605DI_ARM-INTONLY                             0            885000                             88500      90                        788           35.12     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103642546       SFR                               1     OO        PURCHASE              N                             6.875                6.875              142400                142400               1/1/2007             12/1/2036                   815.83      360      80     NH                   2/1/2007        N                 178000                   1       3.25             815.83                                                                               03103          12/28/2006              1      XA2605DI_ARM-INTONLY                             0            178000                             35600     100                        633           48.92     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103642547       SFR                               1     NOO       REFI                  Y                              6.25                 6.25              270000                270000               1/1/2007             12/1/2036                  1406.25      360   63.53     CA                   2/1/2007        N                 425000                   1       3.25            1406.25                                                                               90059          12/28/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0   63.53                        728           40.02     3YR                                        12/1/2011            5           5           2            3.25
     1103642548       SFR                               1     OO        REFI                  Y                             6.375                6.375              350000                350000               1/1/2007             12/1/2036                  1859.38      360   58.34     CA                   2/1/2007        N                 600000                   1       3.25            1859.38                                                                               92307          12/28/2006             12      XA0605DI_ARM-INTONLY                             0                 0                                 0   58.34                        739               0     3YR                                        12/1/2011            5           5           2            3.25
     1103642549       SFR                               1     NOO       REFI                  Y                              7.75                 7.75              206250                206250               2/1/2007              1/1/2037                  1332.03      360      75     CT                   2/1/2007        N                 275000                   1       3.25            1332.03                                                                               06513          12/28/2006              2      XA2605DI_ARM-INTONLY                             0                 0                                 0      75                        628           29.03     1YR                                         1/1/2012            5           5           2            3.25
     1103642550       PUD                               1     NOO       REFI                  Y                              6.25                 6.25              392000                392000               1/1/2007             12/1/2036                  2041.67      360      70     CA                   2/1/2007        N                 560000                   1       3.25            2041.67                                                                               92129          12/28/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0      70                        741           45.19     3YR                                        12/1/2011            5           5           2            3.25
     1103642551       CONDO                             1     OO        PURCHASE              N                             6.875                6.875              182478             182314.18               1/1/2007             12/1/2036                  1045.45      360      80     NJ                   2/1/2007        N                 229000                   1       3.25            1045.45                                                                               08075          12/28/2006              1      XA0605DI_ARM-INTONLY                             0            228123                             45602   99.99                        719              44     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103642552       SFR                               1     OO        REFI                  Y                               6.5                  6.5              200000                200000               1/1/2007             12/1/2036                  1083.33      360   41.03     CA                   2/1/2007        N                 487500                   1       3.25            1083.33                                                                               94954          12/28/2006             12      XA2605DI_ARM-INTONLY                             0                 0                                 0   41.03                        634               0     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103642553       SFR                               1     OO        REFI                  Y                             6.375                6.375              450000                450000               1/1/2007             12/1/2036                  2390.63      360   46.16     NH                   2/1/2007        N                 975000                   1       3.25            2390.63                                                                               03801          12/28/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0   46.16                        715              34     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103642554       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              196000                195950               1/1/2007             12/1/2036                  1061.67      360      80     AZ                   2/1/2007        N                 246000                   1       3.25            1061.67                                                                               85015          12/28/2006              2      XA0605DI_ARM-INTONLY                             0            245000                             49000     100                        751           37.34     3YR                                        12/1/2011            5           5           2            3.25
     1103642556       SFR                               1     OO        REFI                  Y                              6.75                 6.75              304000                304000               1/1/2007             12/1/2036                     1710      360      80     CT                   2/1/2007        N                 380000                   1       2.25               1710                                                                               06234          12/28/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0      80                        709              41     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103642557       SFR                               1     OO        REFI                  Y                              6.75                 6.75              397500                397500               1/1/2007             12/1/2036                  2235.94      360      75     CA                   2/1/2007        N                 530000                   1       3.25            2235.94                                                                               90745          12/28/2006              8      XA0605DI_ARM-INTONLY                             0                 0                            132500     100                        681               0     3YR                                        12/1/2011            5           5           2            3.25
     1103642558       SFR                               1     OO        REFI                  N                              6.25                 6.25              296000                296000               1/1/2007             12/1/2036                  1541.67      360      80     NJ                   2/1/2007        N                 370000                   1       2.25            1541.67                                                                               08854          12/28/2006              1      XA0605DI_ARM-INTONLY                             0                 0                             66489   97.97                        747            39.5     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103642559       SFR                               1     OO        REFI                  Y                             6.625                6.625              432000                432000               1/1/2007             12/1/2036                     2385      360      80     CA                   2/1/2007        N                 540000                   1       3.25               2385                                                                               90805          12/28/2006              2      XA1605DI_ARM-INTONLY                             0                 0                                 0      80                        668           47.48     3YR                                        12/1/2011            5           5           2            3.25
     1103642560       SFR                               1     OO        REFI                  N                              6.25                 6.25              304000                304000               1/1/2007             12/1/2036                  1583.33      360   73.26     CA                   2/1/2007        N                 415000                   1       2.25            1583.33                                                                               94603          12/28/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0   73.26                        704           39.54     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103642561       SFR                               1     NOO       PURCHASE              N                              7.25                 7.25              248000              247611.9               1/1/2007             12/1/2036                   1691.8      360      80     CT                   2/1/2007        N                 370000                   1       3.25             1691.8                                                                               06239          12/28/2006              2      XA0605D_ARM                                      0            310000                                 0      80                        718           44.02     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103642562       PUD                               1     OO        REFI                  N                             6.625                6.625              195200                195200               1/1/2007             12/1/2036                  1077.67      360      80     AZ                   2/1/2007        N                 244000                   1       3.25            1077.67                                                                               85326          12/28/2006              1      XA0605DI_ARM-INTONLY                             0                 0                             48800     100                        696           41.09     3YR                                        12/1/2011            5           5           2            3.25
     1103642563       SFR                               1     OO        REFI                  N                              6.75                 6.75              216000                216000               1/1/2007             12/1/2036                     1215      360      80     AZ                   2/1/2007        N                 270000                   1       3.25               1215                                                                               85015          12/28/2006              2      XA1605DI_ARM-INTONLY                             0                 0                             40500      95                        678              42     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103642564       PUD                               1     OO        REFI                  Y                             6.625                6.625              368000                368000               2/1/2007              1/1/2037                  2031.67      360      80     AZ                   2/1/2007        N                 460000                   1       3.25            2031.67                                                                               85086          12/28/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0      80                        687           45.34     NO-PREPAY                                   1/1/2012            5           5           2            3.25
     1103642565       SFR                               1     OO        PURCHASE              N                             6.625                6.625              412000                412000               1/1/2007             12/1/2036                  2274.58      360      80     CA                   2/1/2007        N                 525000                   1       3.25            2274.58                                                                               95401          12/28/2006              2      XA0605DI_ARM-INTONLY                             0            515000                            103000     100                        684           33.54     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103642567       SFR                               1     NOO       REFI                  Y                             6.625                6.625              308000             307455.02               1/1/2007             12/1/2036                  1972.16      360      80     CA                   2/1/2007        N                 385000                   1       3.25            1972.16                                                                               95621          12/28/2006              1      XA0605D_ARM                                      0                 0                                 0      80                        692           47.33     3YR                                        12/1/2011            5           5           2            3.25
     1103642568       CONDO                             1     OO        REFI                  Y                              7.25                 7.25              129600                129600               1/1/2007             12/1/2036                      783      360   78.55     AZ                   2/1/2007        N                 165000                   1       3.25                783                                                                               85719          12/28/2006              2      XA1605DI_ARM-INTONLY                             0                 0                             32406   98.19                        666           25.74     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103642569       PUD                               1     OO        REFI                  Y                              7.75                 7.75              492000                492000               2/1/2007              1/1/2037                   3177.5      360      80     AZ                   2/1/2007        N                 615000                   1       3.25             3177.5                                                                               85242          12/28/2006              8      XA1605DI_ARM-INTONLY                             0                 0                                 0      80                        643               0     NO-PREPAY                                   1/1/2012            5           5           2            3.25
     1103642570       PUD                               1     OO        REFI                  Y                             5.875                5.875              388000              387206.9               1/1/2007             12/1/2036                  2295.17      360      80     VA                   2/1/2007        N                 485000                   1       2.25            2295.17                                                                               20148          12/28/2006              2      XA0605D_ARM                                      0                 0                             44960   89.28                        731           43.29     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103642571       SFR                               1     OO        REFI                  N                             6.625                6.625              698000             697853.54               1/1/2007             12/1/2036                  3853.54      360   77.56     CA                   2/1/2007        N                 900000                   1       2.25            3853.54                                                                               94066          12/28/2006              1      XA0605DI_ARM-INTONLY                             0                 0                             99990   88.67                        687           43.14     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103642572       2-4FAMILY                         4     NOO       REFI                  Y                               6.5                  6.5              682500                682500               1/1/2007             12/1/2036                  3696.88      360      65     CA                   2/1/2007        N                1050000                   1       3.25            3696.88                                                                               90242          12/28/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0      65                        710           38.71     3YR                                        12/1/2011            5           5           2            3.25
     1103642586       SFR                               1     OO        REFI                  Y                              6.75                 6.75              406000             405999.88              10/1/2006              9/1/2036                  2283.75      360      70     CO                   2/1/2007        N                 580000                   1       2.25            2283.75                                                                               80207          12/29/2006             17      XA1605DI_ARM-INTONLY                             0                 0                                 0      70                        674         49.4339     3YR                                         9/1/2011            6           6           2            2.25
     1103642587       PUD                               1     OO        PURCHASE              N                              7.25                 7.25               83920              83518.73              10/1/2006              9/1/2036                   572.49      360      80     AZ                   2/1/2007        N                 105000                   1       2.25             572.49                                                                               85033          12/29/2006             12      XA0605D_ARM                                      0            104900                                 0      80                        694               0     3YR                                         9/1/2011            6           6           2            2.25
     1103642588       PUD                               1     OO        REFI                  Y                             6.875                6.875              605500                605350              11/1/2006             10/1/2036                  3469.01      360      70     VA                   2/1/2007        N                 865000                   1       2.25            3469.01                                                                               22030          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                                 0      70                        732         35.9061     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642589       SFR                               1     OO        REFI                  N                             6.875                6.875              324000             323795.15              10/1/2006              9/1/2036                  1856.25      360      80     MN                   2/1/2007        N                 405000                   1       2.25            1856.25                                                                               55371          12/29/2006             12      SA1605EI_ARM-INTONLY                             0                 0                             40500      90                        690               0     NO-PREPAY                                   9/1/2011            6           6           2            2.25
     1103642590       PUD                               1     OO        PURCHASE              N                             6.875                6.875              400000             399909.26              10/1/2006              9/1/2036                  2291.67      360      80     AZ                   2/1/2007        N                 505000                   1       2.25            2291.67                                                                               85641          12/29/2006             17      XA0605DI_ARM-INTONLY                             0            500000                             75000      95                        717         36.2758     NO-PREPAY                                   9/1/2011            6           6           2            2.25
     1103642591       PUD                               1     OO        PURCHASE              N                             7.625                7.625              163992                163992              10/1/2006              9/1/2036                  1042.03      360      80     GA                   2/1/2007        N                 205000                   1       2.25            1042.03                                                                               30052          12/29/2006             12      SA2605EI_ARM-INTONLY                             0            204990                                 0      80                        664               0     NO-PREPAY                                   9/1/2011            5           5           1            2.25
     1103642592       PUD                               1     OO        PURCHASE              N                             7.375                7.375              221600                221600              10/1/2006              9/1/2036                  1361.92      360      80     NM                   2/1/2007        N                 277000                   1       2.75            1361.92                                                                               87113          12/29/2006             12      SA1605EI_ARM-INTONLY                             0            277000                                 0      80                        731               0     NO-PREPAY                                   9/1/2011            6           6           2           7.375
     1103642593       SFR                               1     OO        REFI                  Y                                 7                    7              387200                387200              10/1/2006              9/1/2036                  2258.67      360      70     VA                   2/1/2007        N                 553200                   1       2.25            2258.67                                                                               23322          12/29/2006             12      SA1605EI_ARM-INTONLY                             0                 0                             83035   85.01                        718               0     3YR                                         9/1/2011            6           6           2            2.25
     1103642594       PUD                               1     OO        REFI                  N                               6.5                  6.5              459700             458024.13              11/1/2006             10/1/2036                  2905.62      360   76.62     ID                   2/1/2007        N                 600000                   1       2.25            2905.62                                                                               83642          12/29/2006              1      XA0605D_ARM                                      0                 0                                 0   76.62                        739         18.9108     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642595       2-4FAMILY                         2     NOO       REFI                  Y                                 7                    7              165000             164259.73              10/1/2006              9/1/2036                  1097.75      360   39.29     FL                   2/1/2007        N                 420000                   1       2.25            1097.75                                                                               33133          12/29/2006             12      XA1605D_ARM                                      0                 0                                 0   39.29                        673               0     NO-PREPAY                                   9/1/2011            6           6           2            2.25
     1103642596       PUD                               1     OO        PURCHASE              N                              6.75                 6.75              684324                684324              11/1/2006             10/1/2036                  3849.32      360      80     MD                   2/1/2007        N                 856000                   1       2.25            3849.32                                                                               20705          12/29/2006             17      XA0605DI_ARM-INTONLY                             0            855405                                 0      80                        732         32.9046     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642597       SFR                               1     OO        REFI                  Y                             6.375                6.375              192500             191781.13              11/1/2006             10/1/2036                  1200.95      360      70     AZ                   2/1/2007        N                 275000                   1       2.25            1200.95                                                                               85203          12/29/2006             12      SA2605E_ARM                                      0                 0                                 0      70                        671               0     3YR                                        10/1/2011            6           6           2            2.25
     1103642598       SFR                               1     OO        REFI                  N                              6.25                 6.25              440000             437146.32              11/1/2006             10/1/2036                  2291.67      360      80     CA                   2/1/2007        N                 550000                   1       2.25            2291.67                                                                               95492          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                             23045   84.19                        736         31.0916     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642599       SFR                               1     OO        REFI                  N                               6.5                  6.5              459500                459500              11/1/2006             10/1/2036                  2488.96      360   78.55     AZ                   2/1/2007        N                 585000                   1       2.25            2488.96                                                                               85254          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                                 0   78.55                        701          37.887     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642600       PUD                               1     OO        REFI                  Y                              6.75                 6.75              531000                531000              11/1/2006             10/1/2036                  2986.88      360      75     AZ                   2/1/2007        N                 708000                   1       2.25            2986.88                                                                               86336          12/29/2006              1      XA1605DI_ARM-INTONLY                             0                 0                             49985   82.06                        674         40.7468     3YR                                        10/1/2011            5           5           2            2.25
     1103642601       SFR                               1     OO        REFI                  Y                             5.875                5.875              648000             647599.46              11/1/2006             10/1/2036                   3172.5      360      80     CA                   2/1/2007        N                 810000                   1       2.25             3172.5                                                                               94122          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                             60993   87.53                        732         39.7098     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642602       PUD                               1     OO        REFI                  N                             5.875                5.875              528000                528000              11/1/2006             10/1/2036                     2585      360   75.43     AZ                   2/1/2007        N                 700000                   1       2.25               2585                                                                               85310          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                                 0   75.43                        740         33.1019     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642603       PUD                               1     OO        REFI                  Y                               6.5                  6.5              975000                975000              12/1/2006             11/1/2036                  5281.25      360      65     AZ                   2/1/2007        N                1500000                   1       2.25            5281.25                                                                               85749          12/29/2006              1      XA1605DI_ARM-INTONLY                             0                 0                                 0      65                        664         34.7414     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103642604       SFR                               1     OO        REFI                  Y                             6.875                6.875              428000                428000              11/1/2006             10/1/2036                  2452.08      360      80     CA                   2/1/2007        N                 535000                   1       2.25            2452.08                                                                               92111          12/29/2006             17      XA1605DI_ARM-INTONLY                             0                 0                                 0      80                        671          45.161     3YR                                        10/1/2011            6           6           2            2.25
     1103642605       SFR                               1     OO        REFI                  Y                             6.875                6.875              536000                536000              11/1/2006             10/1/2036                  3070.83      360      80     CA                   2/1/2007        N                 670000                   1       2.25            3070.83                                                                               91340          12/29/2006             17      XA1605DI_ARM-INTONLY                             0                 0                                 0      80                        661         44.9066     3YR                                        10/1/2011            6           6           2            2.25
     1103642606       PUD                               1     OO        PURCHASE              N                             6.875                6.875              210400                210400              11/1/2006             10/1/2036                  1205.42      360      80     AZ                   2/1/2007        N                 305000                   1       2.75            1205.42                                                                               85297          12/29/2006             12      SA1605EI_ARM-INTONLY                             0            263000                             26300      90                        702               0     NO-PREPAY                                  10/1/2011            5           5           1            2.75
     1103642607       PUD                               1     OO        PURCHASE              N                             6.125                6.125              519299             517264.56              11/1/2006             10/1/2036                  3155.32      360      80     WA                   2/1/2007        N                 650000                   1       2.25            3155.32                                                                               98029          12/29/2006             17      XA0605D_ARM                                      0            649124                                 0      80                        703         42.6208     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642608       PUD                               1     OO        PURCHASE              N                             7.375                7.375              363200                363200              11/1/2006             10/1/2036                  2232.17      360      80     NC                   2/1/2007        N                 460000                   1       3.25            2232.17                                                                               28117          12/29/2006             12      XA1605DI_ARM-INTONLY                             0            454000                             31780      87                        664               0     NO-PREPAY                                  10/1/2011            5           5           2            3.25
     1103642609       PUD                               1     OO        PURCHASE              N                             6.875                6.875              231328             229268.06              11/1/2006             10/1/2036                  1325.32      360      80     AZ                   2/1/2007        N                 292000                   1       2.25            1325.32                                                                               85741          12/29/2006             12      XA0605DI_ARM-INTONLY                             0            289160                                 0      80                        732               0     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642610       SFR                               1     NOO       REFI                  Y                               6.5                  6.5               78331              77930.91              11/1/2006             10/1/2036                   495.11      360   68.12     VA                   2/1/2007        N                 115000                   1       3.25             495.11                                                                               23607          12/29/2006             12      XA1605D_ARM                                      0                 0                                 0   68.12                        672               0     3YR                                        10/1/2011            5           5           2            3.25
     1103642611       SFR                               1     NOO       REFI                  Y                                 8                    8               62000              61831.88              11/1/2006             10/1/2036                   454.93      360   79.49     PA                   2/1/2007        N                  78000                   1       2.25             454.93                                                                               18702          12/29/2006             17      PA0605E_ARM                                      0                 0                                 0   79.49                        701         37.7707     3YR                                        10/1/2011            5           5           1            2.25
     1103642612       PUD                               1     OO        REFI                  Y                                 7                    7              960000             959461.55              11/1/2006             10/1/2036                     5600      360      80     AZ                   2/1/2007        N                1200000                   1       3.25               5600                                                                               85086          12/29/2006              8      XA0605DI_ARM-INTONLY                             0                 0                            175560   94.63                        722               0     NO-PREPAY                                  10/1/2011            5           5           2            3.25
     1103642613       SFR                               1     OO        REFI                  Y                                 6                    6              412500             412322.11              11/1/2006             10/1/2036                   2062.5      360      75     CA                   2/1/2007        N                 550000                   1       2.25             2062.5                                                                               94952          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                             76505   88.91                        740         39.5361     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642614       PUD                               1     OO        PURCHASE              N                              6.25                 6.25              536973             535434.98              12/1/2006             11/1/2036                  3306.24      360      80     CA                   2/1/2007        N                 671500                   1       2.25            3306.24                                                                               90305          12/29/2006             17      XA0605D_ARM                                      0            671217                             67122      90                        716         42.2103     1YR                                        11/1/2011            5           5           2            2.25
     1103642616       SFR                               1     NOO       REFI                  Y                              6.75                 6.75              429000             427392.53              11/1/2006             10/1/2036                  2782.49      360      65     CA                   2/1/2007        N                 660000                   1       2.25            2782.49                                                                               95112          12/29/2006             17      XA1605D_ARM                                      0                 0                                 0      65                        678         24.2003     1YR                                        10/1/2011            5           5           2            2.25
     1103642617       PUD                               1     OO        REFI                  N                              6.25                 6.25              639975             639951.32              12/1/2006             11/1/2036                   3333.2      360    79.5     KS                   2/1/2007        N                 805000                   1       2.25             3333.2                                                                               67230          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                             84525      90                        710           30.93     6MO                                        11/1/2011            5           5           2            2.25
     1103642618       PUD                               1     2ND       PURCHASE              N                             6.625                6.625              480000             478291.96              11/1/2006             10/1/2036                  3073.49      360      80     CA                   2/1/2007        N                 600000                   1       2.25            3073.49                                                                               91913          12/29/2006             17      XA1605D_ARM                                      0            600000                                 0      80                        660         28.8577     1YR                                        10/1/2011            5           5           2            2.25
     1103642619       SFR                               1     OO        REFI                  Y                             5.625                5.625              620000                620000              12/1/2006             11/1/2036                  2906.25      360   59.05     AZ                   2/1/2007        N                1050000                   1       2.25            2906.25                                                                               85086          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                                 0   59.05                        732         46.9093     3YR                                        11/1/2011            5           5           2            2.25
     1103642620       SFR                               1     OO        PURCHASE              N                                 6                    6             1000000             993951.77               9/1/2006              8/1/2036                  5995.51      360   79.06     CA                   2/1/2007        N                1265000                   1       2.25            5995.51                                                                               95014          12/29/2006             17      XA0605D_ARM                                      0           1265000                            138518   90.01                        730         42.4196     NO-PREPAY                                   8/1/2011            5           5           2            2.25
     1103642621       SFR                               1     OO        REFI                  Y                             5.875                5.875              372000                372000              11/1/2006             10/1/2036                  1821.25      360      80     CA                   2/1/2007        N                 465000                   1       2.25            1821.25                                                                               91762          12/29/2006             17      XA1605DI_ARM-INTONLY                             0                 0                                 0      80                        663         26.7694     3YR                                        10/1/2011            5           5           2            2.25
     1103642623       CONDO                             1     OO        REFI                  Y                             5.875                5.875              215000             214116.71              11/1/2006             10/1/2036                  1271.81      360   55.13     CA                   2/1/2007        N                 390000                   1       2.25            1271.81                                                                               91342          12/29/2006             12      XA0605D_ARM                                      0                 0                                 0   55.13                        713               0     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642624       SFR                               1     OO        REFI                  Y                             7.375                7.375              577500                577500              10/1/2006              9/1/2036                  3549.22      360      70     UT                   2/1/2007        N                 825000                   1       2.25            3549.22                                                                               84054          12/29/2006             17      XA1605DI_ARM-INTONLY                             0                 0                            165000      90                        661          39.819     NO-PREPAY                                   9/1/2011            5           5           2            2.25
     1103642625       PUD                               1     OO        REFI                  N                             5.625                5.625              652000                652000              12/1/2006             11/1/2036                  3056.25      360      80     CA                   2/1/2007        N                 815000                   1       2.25            3056.25                                                                               92010          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                             43032   85.28                        738         45.5273     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103642626       SFR                               1     OO        PURCHASE              N                             6.375                6.375              624000             623903.65              10/1/2006              9/1/2036                     3315      360   78.99     TX                   2/1/2007        N                 800000                   1       2.25               3315                                                                               77055          12/29/2006             17      XA0605DI_ARM-INTONLY                             0            790000                                 0   78.99                        703         31.0182     5YR                                         9/1/2011            5           5           2            2.25
     1103642627       SFR                               1     OO        REFI                  Y                             5.625                5.625              480000                480000              11/1/2006             10/1/2036                     2250      360      80     CA                   2/1/2007        N                 600000                   1       2.25               2250                                                                               94568          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                                 0      80                        740         44.5876     1YR                                        10/1/2011            5           5           2            2.25
     1103642629       SFR                               1     OO        REFI                  N                             6.125                6.125              488000                488000              12/1/2006             11/1/2036                  2490.83      360      80     CA                   2/1/2007        N                 610000                   1       2.25            2490.83                                                                               92683          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                             50020    88.2                        701         37.0843     1YR                                        11/1/2011            5           5           2            2.25
     1103642630       PUD                               1     OO        REFI                  N                             5.875                5.875              457600             457599.97              11/1/2006             10/1/2036                  2240.33      360      80     CA                   2/1/2007        N                 572000                   1       2.25            2240.33                                                                               91915          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                                 0      80                        688          37.281     1YR                                        10/1/2011            5           5           2            2.25
     1103642631       SFR                               1     OO        REFI                  Y                              6.25                 6.25              448000                448000              11/1/2006             10/1/2036                  2333.33      360      80     IN                   2/1/2007        N                 560000                   1       2.25            2333.33                                                                               47119          12/29/2006              1      XA0605DI_ARM-INTONLY                             0                 0                             39984   87.14                        727          47.665     1YR                                        10/1/2011            5           5           2            2.25
     1103642632       CONDO                             1     OO        PURCHASE              N                             6.625                6.625              899000                899000              12/1/2006             11/1/2036                  4963.23      360   79.99     HI                   2/1/2007        N                1150000                   1       2.25            4963.23                                                                               96753          12/29/2006             17      XA0605DI_ARM-INTONLY                             0           1124000                                 0   79.99                        710         27.4824     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103642634       PUD                               1     OO        REFI                  N                             6.875                6.875              450000                450000              12/1/2006             11/1/2036                  2578.13      360   44.78     UT                   2/1/2007        N                1005000                   1       2.25            2578.13                                                                               84062          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                            249944   69.65                        727          54.743     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103642635       SFR                               1     OO        REFI                  N                             5.875                5.875              296000                296000              11/1/2006             10/1/2036                  1449.17      360      80     CA                   2/1/2007        N                 370000                   1       2.25            1449.17                                                                               95945          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                             55500      95                        740         45.1619     3YR                                        10/1/2011            5           5           2            2.25
     1103642636       PUD                               1     OO        REFI                  N                                 6                    6              700000                700000              12/1/2006             11/1/2036                     3500      360      80     CA                   2/1/2007        N                 875000                   1       2.25               3500                                                                               92025          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                             52238   85.97                        700         27.1365     1YR                                        11/1/2011            5           5           2            2.25
     1103642637       PUD                               1     OO        REFI                  N                             5.875                5.875              760000                760000              12/1/2006             11/1/2036                  3720.83      360      80     CA                   2/1/2007        N                 950000                   1       2.25            3720.83                                                                               94547          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                             61845   86.51                        740         42.8362     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103642638       SFR                               1     OO        REFI                  Y                             5.875                5.875              595000             593042.51              12/1/2006             11/1/2036                  3519.65      360   79.34     CA                   2/1/2007        N                 750000                   1       2.25            3519.65                                                                               91750          12/29/2006              1      XA0605D_ARM                                      0                 0                                 0   79.34                        703         41.2798     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103642639       PUD                               1     OO        PURCHASE              N                               5.5                  5.5              440000              438060.3              11/1/2006             10/1/2036                  2498.27      360   74.58     KS                   2/1/2007        N                 592000                   1       2.25            2498.27                                                                               66221          12/29/2006              1      XA0605D_ARM                                      0            590000                                 0   74.58                        699         53.4695     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642640       SFR                               1     OO        PURCHASE              N                             5.625                5.625              475027                475027              12/1/2006             11/1/2036                  2226.69      360      80     KY                   2/1/2007        N                 600000                   1       2.25            2226.69                                                                               40245          12/29/2006              1      XA0605DI_ARM-INTONLY                             0            593785                             89068      95                        711         47.3989     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103642641       SFR                               1     OO        REFI                  N                             5.875                5.875             1520000            1513301.72              11/1/2006             10/1/2036                  8991.37      360   72.39     MN                   2/1/2007        N                2100000                   1       2.25            8991.37                                                                               55373          12/29/2006              1      XA0605D_ARM                                      0                 0                                 0   72.39                        721         10.5255     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642642       SFR                               1     OO        REFI                  Y                             6.625                6.625              586600                586600              12/1/2006             11/1/2036                  3238.52      360      70     CT                   2/1/2007        N                 838000                   1       2.25            3238.52                                                                               06443          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                                 0      70                        724         50.5669     3YR                                        11/1/2011            5           5           2            2.25
     1103642643       SFR                               1     OO        REFI                  Y                              8.25                 8.25              344800             343911.41              11/1/2006             10/1/2036                  2590.37      360      80     IL                   2/1/2007        N                 431000                   1       2.25            2590.37                                                                               60625          12/29/2006             12      SA1605E_ARM                                      0                 0                                 0      80                        698               0     NO-PREPAY                                  10/1/2011            5           5           1            2.25
     1103642644       SFR                               1     OO        REFI                  Y                              6.75                 6.75              416000                416000              10/1/2006              9/1/2036                     2340      360      80     CA                   2/1/2007        N                 520000                   1       2.75               2340                                                                               92555          12/29/2006             17      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        663         49.0614     3YR                                         9/1/2011            5           5           1            2.75
     1103642645       SFR                               1     2ND       REFI                  N                             6.875                6.875           197164.13             196326.37              10/1/2006              9/1/2036                  1295.23      360   55.54     FL                   2/1/2007        N                 355000                   1       2.25            1295.23                                                                               32060          12/29/2006             17      XA1605D_ARM                                      0                 0                                 0   55.54                        669          49.682     NO-PREPAY                                   9/1/2011            5           5           2            2.25
     1103642646       SFR                               1     OO        REFI                  N                              6.75                 6.75           220400.58             219159.44               9/1/2006              8/1/2036                  1239.75      360   79.43     AZ                   2/1/2007        N                 277500                   1       2.25            1239.75                                                                               85615          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                                 0   79.43                        704         50.9356     NO-PREPAY                                   8/1/2011            5           5           2            2.25
     1103642647       SFR                               1     OO        PURCHASE              N                             6.375                6.375             1000000             994368.47               9/1/2006              8/1/2036                   6238.7      360   76.99     WI                   2/1/2007        N                1350000                   1       2.25             6238.7                                                                               53146          12/29/2006             17      XA0605D_ARM                                      0           1299000                            164194   89.63                        731         48.2206     NO-PREPAY                                   8/1/2011            5           5           2            2.25
     1103642648       PUD                               1     OO        PURCHASE              N                             5.875                5.875              690000             685414.22               9/1/2006              8/1/2036                  3378.13      360      75     MD                   2/1/2007        N                 925000                   1       2.25            3378.13                                                                               21043          12/29/2006             17      XA0605DI_ARM-INTONLY                             0            920025                                 0      75                        707              37     NO-PREPAY                                   8/1/2011            5           5           2            2.25
     1103642649       SFR                               1     OO        REFI                  Y                              6.75                 6.75              200000             199983.66               9/1/2006              8/1/2036                  1124.98      360   57.48     AZ                   2/1/2007        N                 348000                   1       2.25            1124.98                                                                               85251          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                                 0   57.48                        697         44.5637     NO-PREPAY                                   8/1/2011            5           2           2            2.25
     1103642650       2-4FAMILY                         2     OO        PURCHASE              N                               6.5                  6.5              588000             584767.15               9/1/2006              8/1/2036                  3716.56      360      80     CA                   2/1/2007        N                 750000                   1       2.25            3716.56                                                                               90006          12/29/2006             17      XA0605D_ARM                                      0            735000                                 0      80                        739         45.2815     1YR                                         8/1/2011            5           5           2            2.25
     1103642651       SFR                               1     OO        PURCHASE              N                                 8                    8              746250                746250               9/1/2006              8/1/2036                     4975      360      75     NC                   2/1/2007        N                 995000                   1       2.25               4975                                                                               27587          12/29/2006             17      PA1605EI_ARM-INTONLY                             0            995000                                 0      75                        661           30.55     1YR                                         8/1/2011            6           6           2            2.25
     1103642652       PUD                               1     OO        REFI                  N                              6.75                 6.75              218800             218756.44              11/1/2006             10/1/2036                  1230.75      360   65.32     AZ                   2/1/2007        N                 335000                   1       2.25            1230.75                                                                               85086          12/29/2006             12      XA1605DI_ARM-INTONLY                             0                 0                                 0   65.32                        665               0     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642653       SFR                               1     OO        REFI                  Y                             6.375                6.375              377000             375235.11              10/1/2006              9/1/2036                  2351.99      360   74.66     CA                   2/1/2007        N                 505000                   1       2.25            2351.99                                                                               91901          12/29/2006             17      PA0605E_ARM                                      0                 0                                 0   74.66                        684         32.4244     NO-PREPAY                                   9/1/2011            6           6           2            2.25
     1103642654       SFR                               1     OO        REFI                  Y                             6.375                6.375              820000             819782.19              11/1/2006             10/1/2036                  4356.25      360      80     PA                   2/1/2007        N                1025000                   1       2.25            4356.25                                                                               19422          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                                 0      80                        707          46.732     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642655       SFR                               1     OO        REFI                  Y                              5.75                 5.75              352000                352000              11/1/2006             10/1/2036                  1686.67      360    74.9     CA                   2/1/2007        N                 470000                   1       2.25            1686.67                                                                               92335          12/29/2006             17      PA0605EI_ARM-INTONLY                             0                 0                                 0    74.9                        691         39.2903     3YR                                        10/1/2011            6           6           2            2.25
     1103642656       PUD                               1     OO        PURCHASE              N                             6.875                6.875              515200             488890.62              11/1/2006             10/1/2036                  2951.67      360      80     IL                   2/1/2007        N                 645000                   1       2.25            2951.67                                                                               60618          12/29/2006             17      XA0605DI_ARM-INTONLY                             0            644000                                 0      80                        738         43.6898     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642657       SFR                               1     OO        REFI                  N                             6.375                6.375              389000                389000              11/1/2006             10/1/2036                  2066.56      360   77.03     MN                   2/1/2007        N                 505000                   1       2.25            2066.56                                                                               55330          12/29/2006             17      XA1605DI_ARM-INTONLY                             0                 0                                 0   77.03                        663          36.169     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642658       SFR                               1     OO        PURCHASE              N                             6.875                6.875              520000             518237.47              11/1/2006             10/1/2036                  3416.03      360      80     PA                   2/1/2007        N                 673000                   1       2.25            3416.03                                                                               15044          12/29/2006             17      XA0605D_ARM                                      0            650000                                 0      80                        717         28.6601     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642659       SFR                               1     OO        REFI                  Y                                 6                    6              490000                490000              11/1/2006             10/1/2036                     2450      360   78.15     ID                   2/1/2007        N                 627000                   1       2.25               2450                                                                               83860          12/29/2006              1      XA0605DI_ARM-INTONLY                             0                 0                                 0   78.15                        730         53.8648     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642660       PUD                               1     OO        REFI                  Y                                 6                    6              559000             553592.41              11/1/2006             10/1/2036                  3351.49      360   69.88     WI                   2/1/2007        N                 800000                   1       2.25            3351.49                                                                               53092          12/29/2006              1      XA1605D_ARM                                      0                 0                                 0   69.88                        673         37.7382     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642661       PUD                               1     OO        REFI                  N                               6.5                  6.5              486400                486400              12/1/2006             11/1/2036                  2634.67      360   71.53     GA                   2/1/2007        N                 680000                   1       2.25            2634.67                                                                               30041          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                                 0   71.53                        710         23.2722     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103642662       SFR                               1     OO        REFI                  Y                             6.875                6.875              152250                152250              10/1/2006              9/1/2036                   872.27      360      75     OR                   2/1/2007        N                 203000                   1       2.25             872.27                                                                               97501          12/29/2006             12      XA0605DI_ARM-INTONLY                             0                 0                                 0      75                        684               0     3YR                                         9/1/2011            5           5           2            2.25
     1103642663       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              788000                788000              11/1/2006             10/1/2036                  4104.17      360      80     HI                   2/1/2007        N                1000000                   1       2.25            4104.17                                                                               96713          12/29/2006             17      XA0605DI_ARM-INTONLY                             0            985000                                 0      80                        706         36.2305     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642664       SFR                               1     OO        PURCHASE              N                                 6                    6              518793              516711.6              11/1/2006             10/1/2036                  3110.43      360      80     CA                   2/1/2007        N                 650000                   1       2.25            3110.43                                                                               93306          12/29/2006             17      XA0605D_ARM                                      0            648492                                 0      80                        727         44.3632     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642665       SFR                               1     OO        PURCHASE              N                              7.25                 7.25              244000                244000               9/1/2006              8/1/2036                  1474.17      360      80     UT                   2/1/2007        N                 305000                   1       2.25            1474.17                                                                               84047          12/29/2006             12      SA1605EI_ARM-INTONLY                             0            305000                             30500      90                        714               0     NO-PREPAY                                   8/1/2011            6           6           2            2.25
     1103642666       PUD                               1     OO        PURCHASE              N                               6.5                  6.5              278488                278488              10/1/2006              9/1/2036                  1508.48      360      80     AZ                   2/1/2007        N                 406000                   1       2.25            1508.48                                                                               85379          12/29/2006              1      PA1605EI_ARM-INTONLY                             0            348111                             34811      90                        677         48.2138     NO-PREPAY                                   9/1/2011            5           5           1            2.25
     1103642667       PUD                               1     OO        REFI                  Y                             7.125                7.125              224000                224000              10/1/2006              9/1/2036                     1330      360      80     AZ                   2/1/2007        N                 280000                   1       2.25               1330                                                                               85323          12/29/2006             12      XA0605DI_ARM-INTONLY                             0                 0                                 0      80                        703               0     3YR                                         9/1/2011            6           6           2            2.25
     1103642668       SFR                               1     OO        REFI                  Y                              6.75                 6.75              255000                255000              10/1/2006              9/1/2036                  1434.38      360   61.45     OR                   2/1/2007        N                 415000                   1       2.25            1434.38                                                                               97526          12/29/2006             12      XA1605DI_ARM-INTONLY                             0                 0                                 0   61.45                        673               0     3YR                                         9/1/2011            6           6           2            2.25
     1103642670       SFR                               1     OO        REFI                  Y                             7.125                7.125              402400             401101.33              11/1/2006             10/1/2036                  2711.04      360      80     CA                   2/1/2007        N                 503000                   1       2.75            2711.04                                                                               92882          12/29/2006             12      SA1605E_ARM                                      0                 0                             73488   94.61                        684               0     3YR                                        10/1/2011            5           5           1            2.75
     1103642671       PUD                               1     OO        PURCHASE              N                               7.5                  7.5              266721                266721              11/1/2006             10/1/2036                  1667.01      360      80     AZ                   2/1/2007        N                 348000                   1       2.25            1667.01                                                                               85629          12/29/2006             17      XA0605DI_ARM-INTONLY                             0            333402                             50010      95                        723          41.949     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642672       PUD                               1     OO        PURCHASE              N                             7.125                7.125              365290                365290              11/1/2006             10/1/2036                  2168.91      360      80     UT                   2/1/2007        N                 459000                   1       2.25            2168.91                                                                               84043          12/29/2006             17      PA1605EI_ARM-INTONLY                             0            456613                             68492      95                        669         43.3664     NO-PREPAY                                  10/1/2011            5           5           1            2.25
     1103642673       PUD                               1     OO        PURCHASE              N                                 6                    6              327498                327498              11/1/2006             10/1/2036                  1637.49      360      80     AZ                   2/1/2007        N                 410000                   1       2.25            1637.49                                                                               85382          12/29/2006              1      XA0605DI_ARM-INTONLY                             0            409373                             40937      90                        685          36.794     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642674       SFR                               1     OO        REFI                  Y                               6.5                  6.5              502000                502000              12/1/2006             11/1/2036                  2719.17      360   70.71     IL                   2/1/2007        N                 710000                   1       2.25            2719.17                                                                               60302          12/29/2006              1      XA1605DI_ARM-INTONLY                             0                 0                                 0   70.71                        680         51.2323     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103642675       PUD                               1     2ND       PURCHASE              N                             6.125                6.125              483000             481067.72              12/1/2006             11/1/2036                  2934.76      360      60     TN                   2/1/2007        N                 824000                   1       2.25            2934.76                                                                               37774          12/29/2006              1      XA0605D_ARM                                      0            805000                                 0      60                        683         41.3088     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103642677       PUD                               1     OO        REFI                  N                             6.125                6.125              729600             729310.54              11/1/2006             10/1/2036                     3724      360      80     VA                   2/1/2007        N                 912000                   1       2.25               3724                                                                               20136          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                                 0      80                        720         51.0127     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642678       PUD                               1     OO        REFI                  Y                             5.875                5.875              167200              167199.7              11/1/2006             10/1/2036                   818.58      360   73.99     AZ                   2/1/2007        N                 226000                   1       2.25             818.58                                                                               85326          12/29/2006             12      XA0605DI_ARM-INTONLY                             0                 0                                 0   73.99                        717               0     1YR                                        10/1/2011            5           5           2            2.25
     1103642679       SFR                               1     OO        REFI                  Y                               6.5                  6.5              425000             424949.93              11/1/2006             10/1/2036                  2302.08      360   70.84     IL                   2/1/2007        N                 600000                   1       2.25            2302.08                                                                               60067          12/29/2006              1      XA0605DI_ARM-INTONLY                             0                 0                            115020   90.01                        716         50.3991     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642680       CONDO                             1     OO        REFI                  N                             6.375                6.375              496946                496946              12/1/2006             11/1/2036                  2640.03      360      80     CA                   2/1/2007        N                 621183                   1       2.25            2640.03                                                                               92101          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                             62118      90                        740         19.9265     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103642681       PUD                               1     OO        PURCHASE              N                                 6                    6             1440000            1435677.87              12/1/2006             11/1/2036                  8633.53      360      80     FL                   2/1/2007        N                1800000                   1       2.25            8633.53                                                                               33076          12/29/2006              1      XA0605D_ARM                                      0           1800000                                 0      80                        700          8.1654     1YR                                        11/1/2011            5           5           2            2.25
     1103642682       SFR                               1     OO        REFI                  N                              6.25                 6.25              612000                612000              12/1/2006             11/1/2036                   3187.5      360      80     CA                   2/1/2007        N                 765000                   1       2.25             3187.5                                                                               92865          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                             25016   83.27                        721         36.6234     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103642683       PUD                               1     OO        REFI                  Y                             5.375                5.375              195000                195000              11/1/2006             10/1/2036                   873.44      360   72.23     AZ                   2/1/2007        N                 270000                   1       2.25             873.44                                                                               85379          12/29/2006             17      XA1605DI_ARM-INTONLY                             0                 0                                 0   72.23                        661         43.0584     5YR                                        10/1/2011            5           5           2            2.25
     1103642685       SFR                               1     OO        REFI                  N                             6.625                6.625             1000000               1000000              12/1/2006             11/1/2036                  5520.83      360   60.61     CO                   2/1/2007        N                1650000                   1       2.25            5520.83                                                                               80231          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                            349965   81.82                        700         27.8237     1YR                                        11/1/2011            5           5           2            2.25
     1103642686       SFR                               1     OO        REFI                  Y                                 6                    6              450000             448647.29              12/1/2006             11/1/2036                  2697.98      360   61.23     CA                   2/1/2007        N                 735000                   1       2.25            2697.98                                                                               91304          12/29/2006             17      XA0605D_ARM                                      0                 0                                 0   61.23                        732         31.1732     3YR                                        11/1/2011            5           5           2            2.25
     1103642687       SFR                               1     OO        REFI                  N                             5.875                5.875              530500             530123.12              12/1/2006             11/1/2036                  2597.24      360   78.95     MA                   2/1/2007        N                 672000                   1       2.25            2597.24                                                                               02472          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                                 0   78.95                        711         43.7279     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103642688       PUD                               1     OO        PURCHASE              N                             6.125                6.125              880000              876552.5              11/1/2006             10/1/2036                  5346.97      360      80     AZ                   2/1/2007        N                1100000                   1       2.25            5346.97                                                                               85213          12/29/2006             17      XA0605D_ARM                                      0           1100000                                 0      80                        721         50.1301     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642689       SFR                               1     OO        REFI                  Y                             7.375                7.375              562000                562000              11/1/2006             10/1/2036                  3453.96      360   74.94     ID                   2/1/2007        N                 750000                   1       2.25            3453.96                                                                               83406          12/29/2006             17      XA1605DI_ARM-INTONLY                             0                 0                                 0   74.94                        663         35.1904     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642690       SFR                               1     2ND       REFI                  Y                                 8                    8              800000             798378.87              12/1/2006             11/1/2036                  5870.12      360   74.42     IL                   2/1/2007        N                1075000                   1       2.25            5870.12                                                                               60543          12/29/2006              8      XA0605D_ARM                                      0                 0                                 0   74.42                        684               0     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103642691       SFR                               1     OO        REFI                  N                              6.25                 6.25              528000             526266.42              12/1/2006             11/1/2036                     2750      360      80     CA                   2/1/2007        N                 660000                   1       2.25               2750                                                                               94545          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                                 0      80                        737         24.0497     1YR                                        11/1/2011            5           5           2            2.25
     1103642692       SFR                               1     OO        REFI                  Y                               6.5                  6.5              476000                476000              12/1/2006             11/1/2036                  2578.33      360   58.41     AZ                   2/1/2007        N                 815000                   1       2.25            2578.33                                                                               86406          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                                 0   58.41                        721         18.8209     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103642693       SFR                               1     OO        REFI                  N                              6.25                 6.25              580000                580000              12/1/2006             11/1/2036                  3020.83      360      80     CA                   2/1/2007        N                 725000                   1       2.25            3020.83                                                                               94112          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                             55028   87.59                        718            35.3     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103642694       SFR                               1     OO        REFI                  Y                             5.875                5.875              450400             448859.42              12/1/2006             11/1/2036                  2664.29      360   73.84     CA                   2/1/2007        N                 610000                   1       2.25            2664.29                                                                               96150          12/29/2006             17      XA0605D_ARM                                      0                 0                                 0   73.84                        689         14.1068     1YR                                        11/1/2011            5           5           2            2.25
     1103642695       PUD                               1     OO        REFI                  Y                             6.375                6.375              488000                488000              12/1/2006             11/1/2036                   2592.5      360      80     CA                   2/1/2007        N                 610000                   1       2.25             2592.5                                                                               91301          12/29/2006             17      XA1605DI_ARM-INTONLY                             0                 0                                 0      80                        674         27.3112     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103642696       SFR                               1     OO        REFI                  N                             6.125                6.125              440000                440000              12/1/2006             11/1/2036                  2245.83      360      80     CA                   2/1/2007        N                 550000                   1       2.25            2245.83                                                                               91342          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                             43010   87.82                        704         42.5457     1YR                                        11/1/2011            5           5           2            2.25
     1103642698       PUD                               1     OO        REFI                  N                             6.125                6.125              424000             423989.86              12/1/2006             11/1/2036                  2164.17      360      80     AZ                   2/1/2007        N                 530000                   1       2.25            2164.17                                                                               85249          12/29/2006              1      XA0605DI_ARM-INTONLY                             0                 0                             79500      95                        698         40.5977     3YR                                        11/1/2011            5           5           2            2.25
     1103642699       SFR                               1     OO        REFI                  N                              6.25                 6.25              510000                510000              12/1/2006             11/1/2036                  2656.25      360    79.2     MA                   2/1/2007        N                 644000                   1       2.25            2656.25                                                                               01730          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                                 0    79.2                        707         48.7168     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103642700       SFR                               1     OO        REFI                  Y                             6.875                6.875              672950             672821.32              12/1/2006             11/1/2036                  3855.44      360   79.18     GA                   2/1/2007        N                 850000                   1       2.25            3855.44                                                                               30101          12/29/2006              1      XA0605DI_ARM-INTONLY                             0                 0                                 0   79.18                        712          36.235     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103642701       2-4FAMILY                         2     OO        REFI                  Y                                 7                    7              536000             534674.24              12/1/2006             11/1/2036                  3566.02      360      80     CA                   2/1/2007        N                 670000                   1       2.25            3566.02                                                                               90042          12/29/2006             17      XA1605D_ARM                                      0                 0                                 0      80                        665         36.5501     3YR                                        11/1/2011            5           5           2            2.25
     1103642702       PUD                               1     OO        REFI                  Y                              6.75                 6.75              960000             958342.27               1/1/2007             12/1/2036                  6226.54      360      80     CA                   2/1/2007        N                1200000                   1       2.25            6226.54                                                                               94404          12/29/2006             17      XA0605D_ARM                                      0                 0                                 0      80                        709         32.4272     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103642706       PUD                               1     OO        PURCHASE              N                             6.875                6.875              440000                440000              12/1/2006             11/1/2036                  2520.83      360      80     VA                   2/1/2007        N                 560000                   1       2.25            2520.83                                                                               20147          12/29/2006             17      XA0605DI_ARM-INTONLY                             0            550000                            110000     100                        685          34.366     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103642707       PUD                               1     OO        REFI                  Y                             6.875                6.875              308000                308000              10/1/2006              9/1/2036                  1764.58      360   59.24     NM                   2/1/2007        N                 520000                   1       2.25            1764.58                                                                               87508          12/29/2006             12      XA0605DI_ARM-INTONLY                             0                 0                                 0   59.24                        720               0     NO-PREPAY                                   9/1/2011            6           6           2            2.25
     1103642708       PUD                               1     OO        REFI                  Y                              6.75                 6.75              300000                300000              10/1/2006              9/1/2036                   1687.5      360   57.92     CA                   2/1/2007        N                 518000                   1       2.25             1687.5                                                                               94536          12/29/2006             17      XA1605DI_ARM-INTONLY                             0                 0                                 0   57.92                        662         27.8867     NO-PREPAY                                   9/1/2011            6           6           2            2.25
     1103642709       SFR                               1     OO        REFI                  Y                             6.875                6.875              204000             203826.35              10/1/2006              9/1/2036                  1168.75      360      80     OR                   2/1/2007        N                 255000                   1       2.25            1168.75                                                                               97230          12/29/2006             17      XA0605DI_ARM-INTONLY                             0                 0                                 0      80                        683         45.5475     NO-PREPAY                                   9/1/2011            6           6           2            2.25
     1103642710       PUD                               1     OO        PURCHASE              N                              7.25                 7.25              282738                282738              10/1/2006              9/1/2036                  1708.21      360      80     AZ                   2/1/2007        N                 355000                   1       2.75            1708.21                                                                               85297          12/29/2006              8      SA2605EI_ARM-INTONLY                             0            353423                                 0      80                        677               0     NO-PREPAY                                   9/1/2011            5           5           1            2.75
     1103642711       2-4FAMILY                         4     OO        REFI                  Y                                 7                    7              260000             258921.88              10/1/2006              9/1/2036                  1729.79      360   46.02     MA                   2/1/2007        N                 565000                   1       2.25            1729.79                                                                               01970          12/29/2006             12      XA0605D_ARM                                      0                 0                                 0   46.02                        692               0     NO-PREPAY                                   9/1/2011            6           6           2            2.25
     1103642712       SFR                               1     NOO       REFI                  Y                             7.375                7.375              102400             102005.54              10/1/2006              9/1/2036                   707.26      360   73.15     IN                   2/1/2007        N                 140000                   1       2.25             707.26                                                                               47868          12/29/2006             17      XA1605D_ARM                                      0                 0                                 0   73.15                        671           42.55     NO-PREPAY                                   9/1/2011            6           6           2            2.25
     1103642713       PUD                               1     OO        REFI                  N                             6.875                6.875             1141000               1141000              10/1/2006              9/1/2036                  6536.98      360   63.39     AZ                   2/1/2007        N                1800000                   1       2.25            6536.98                                                                               85383          12/29/2006              8      XA1605DI_ARM-INTONLY                             0                 0                                 0   63.39                        678               0     NO-PREPAY                                   9/1/2011            5           5           2            2.25
     1103642714       SFR                               1     OO        REFI                  Y                               6.5                  6.5              920000                920000              12/1/2006             11/1/2036                  4983.33      360      80     AL                   2/1/2007        N                1150000                   1       2.25            4983.33                                                                               36064          12/29/2006              1      XA0605DI_ARM-INTONLY                             0                 0                             80040   86.96                        689         47.0962     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103642716       SFR                               1     OO        REFI                  Y                              7.25                 7.25              321600             320330.35              10/1/2006              9/1/2036                  2193.88      360      80     NH                   2/1/2007        N                 402000                   1       2.25            2193.88                                                                               03031          12/29/2006             12      XA0605D_ARM                                      0                 0                             40200      90                        729               0     NO-PREPAY                                   9/1/2011            6           6           2            2.25
     1103642717       PUD                               1     OO        PURCHASE              N                             6.125                6.125              231870                231870              10/1/2006              9/1/2036                   1183.5      360      80     AZ                   2/1/2007        N                 299000                   1       2.25             1183.5                                                                               85043          12/29/2006              1      PA1605EI_ARM-INTONLY                             0            289838                                 0      80                        662         48.1075     NO-PREPAY                                   9/1/2011            5           5           1            2.25
     1103642718       PUD                               1     OO        PURCHASE              N                             6.875                6.875              212000              211599.3              10/1/2006              9/1/2036                  1214.58      360      80     AZ                   2/1/2007        N                 303000                   1       2.25            1214.58                                                                               85297          12/29/2006              8      SA1605EI_ARM-INTONLY                             0            265000                                 0      80                        686               0     NO-PREPAY                                   9/1/2011            5           5           1            2.25
     1103642720       PUD                               1     OO        PURCHASE              N                               6.5                  6.5              598500              597414.9               1/1/2007             12/1/2036                  3782.93      360      80     CA                   2/1/2007        N                 748184                   1       2.25            3782.93                                                                               94089          12/29/2006              1      XA0605D_ARM                                      0            748184                                 0      80                        795         47.0258     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103642721       SFR                               1     OO        REFI                  Y                             6.375                6.375              720000              718662.8               1/1/2007             12/1/2036                  4491.86      360   64.58     CA                   2/1/2007        N                1115000                   1       2.25            4491.86                                                                               93001          12/29/2006              1      XA0605D_ARM                                      0                 0                                 0   64.58                        728         41.7477     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103642722       SFR                               1     OO        PURCHASE              N                             6.625                6.625              575000                575000              11/1/2006             10/1/2036                  3174.48      360   86.47     NJ                   2/1/2007        N                 695000                   1       2.25            3174.48                                                                               08807          12/29/2006              1      XA1605DI_ARM-INTONLY                            25            665000                                 0   86.47                        660         50.9789     NO-PREPAY                                  10/1/2011            5           5           2            2.25
     1103642723       PUD                               1     OO        PURCHASE              N                             6.875                6.875              252000                252000              12/1/2006             11/1/2036                  1443.75      360      80     AZ                   2/1/2007        N                 341000                   1       2.25            1443.75                                                                               85297          12/29/2006              1      XA0605DI_ARM-INTONLY                             0            315000                             63000     100                        703         52.4493     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103642724       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              220000                220000              12/1/2006             11/1/2036                   1237.5      360      80     TN                   2/1/2007        N                 275000                   1       2.25             1237.5                                                                               37221          12/29/2006              2      XA0605DI_ARM-INTONLY                             0            275000                             55000     100                        711           22.57     NO-PREPAY                                  11/1/2011            5           5           2            2.25
     1103642725       PUD                               1     OO        PURCHASE              N                             6.375                6.375              225495                225435              12/1/2006             11/1/2036                  1197.94      360      80     NV                   2/1/2007        N                 290000                   1       2.25            1197.94                                                                               89130          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            281869                             56374     100                        690         39.6612     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103642726       PUD                               1     OO        PURCHASE              N                              6.75                 6.75              153378             153377.76              12/1/2006             11/1/2036                   862.75      360      75     AZ                   2/1/2007        N                 205000                   1       2.25             862.75                                                                               85232          12/29/2006              1      PA0605EI_ARM-INTONLY                             0            204504                             11882   80.82                        729          22.437     NO-PREPAY                                  11/1/2011            5           5           1            2.25
     1103642727       SFR                               1     OO        REFI                  Y                             6.375                6.375              555000              553455.1               1/1/2007             12/1/2036                  3462.48      360      75     CA                   2/1/2007        N                 740000                   1       2.25            3462.48                                                                               91387          12/29/2006              1      XA0605D_ARM                                      0                 0                                 0      75                        690         47.3569     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103642728       SFR                               1     OO        REFI                  Y                               6.5                  6.5              450000                450000              12/1/2006             11/1/2036                   2437.5      360      75     CA                   2/1/2007        N                 600000                   1       2.25             2437.5                                                                               92021          12/29/2006              1      XA1605DI_ARM-INTONLY                             0                 0                             90000      90                        678         42.4046     1YR                                        11/1/2011            5           5           2            2.25
     1103642729       CONDO                             1     OO        REFI                  N                             6.125                6.125              450000                449123               1/1/2007             12/1/2036                  2734.25      360   69.24     MA                   2/1/2007        N                 650000                   1       2.25            2734.25                                                                               02152          12/29/2006             17      XA0605D_ARM                                      0                 0                                 0   69.24                        715         33.5874     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103642827       SFR                               1     NOO       REFI                  Y                              8.25                 8.25              612000                612000               1/1/2007             12/1/2036                   4207.5      360      80     CA                   2/1/2007        N                 765000                   1          5             4207.5                                                                               91344          12/27/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        686           40.97     NO-PREPAY                                  12/1/2011            6           3           1            8.25
     1103642926       CONDO                             1     NOO       REFI                  Y                             6.625                6.625              352500                352500               1/1/2007             12/1/2036                  1946.09      360   74.22     CA                   2/1/2007        N                 475000                   1       2.25            1946.09                                                                               95124            1/4/2007              2      XA0605DI_ARM-INTONLY                             0                 0                                 0   74.22                        681              43     NO-PREPAY                                  12/1/2011            5           5           2            2.25
     1103642974       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              126400                126400               1/1/2007             12/1/2036                      711      360      80     FL                   2/1/2007        N                 160000                   1          5                711                                                                               34982          12/29/2006             17      PA1603EI_ARM-INTONLY                             0            158000                             31600     100                        658            34.8     NO-PREPAY                                  12/1/2009            6           3           2               5
     1103642979       2-4FAMILY                         3     OO        REFI                  Y                             6.875                6.875              322500                322500               1/1/2007             12/1/2036                  1847.66      360      75     CT                   2/1/2007        N                 430000                   1       2.25            1847.66                                                                               06606          12/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      75                        697           44.39     3YR                                        12/1/2011            6           6           2            2.25
     1103642981       SFR                               1     NOO       PURCHASE              N                              8.75                 8.75              198400                198400               2/1/2007              1/1/2037                  1446.67      360   79.81     FL                   2/1/2007        N                 295000                   1       2.75            1446.67                                                                               33756          12/29/2006             12      SA2605EI_ARM-INTONLY                             0            248600                                 0   79.81                        661               0     1YR                                         1/1/2012            5           5           1            2.75
     1103643045       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              480000                480000               2/1/2007              1/1/2037                     2500      360      80     CA                   2/1/2007        N                 644000                   1          0               2500                                                                               92646          12/29/2006              2      PF0630I_FIX-INTONLY                              0            600000                                 0      80                        764           43.63     1YR                                                             0           0           0               0
     1103643070       PUD                               1     NOO       REFI                  Y                             7.425                7.425              189000                189000               2/1/2007              1/1/2037                  1169.44      360      70     FL                   2/1/2007        N                 270000                   1          0            1169.44                                                                               33025            1/9/2007              2      PF0630I_FIX-INTONLY                              0                 0                             54000      90                        721              41     1YR                                                             0           0           0               0
     1103643160       SFR                               1     OO        REFI                  Y                             9.625                9.625               88000              87957.84               2/1/2007              1/1/2037                   747.99      360      80     FL                   2/1/2007        N                 110000                   1          0             747.99                                                                               33801            2/1/2007              7      SF2630_FIXEDRATE                                 0                 0                                 0      80                        652               0     3YR                                                             0           0           0               0
     1103643568       2-4FAMILY                         2     NOO       REFI                  Y                              6.75                 6.75              435000                435000               2/1/2007              1/1/2037                  2446.88      360      75     CA                   2/1/2007        N                 580000                   1          3            2446.88                                                                               91767            1/5/2007              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      75                        683           32.56     2YR                                         1/1/2012            6           3           1               3
     1103643667       PUD                               1     OO        REFI                  Y                              6.25                 6.25              230400             230181.39               2/1/2007              1/1/2037                  1418.61      360      80     AZ                   2/1/2007        N                 288000                   1       3.25            1418.61                                                                               85233          12/29/2006              2      XA0605D_ARM                                      0                 0                             57600     100                        698           49.14     3YR                                         1/1/2012            5           5           2            3.25
     1103643669       CONDO                             1     OO        PURCHASE              N                              6.25                 6.25              232000                232000               1/1/2007             12/1/2036                  1208.33      360      80     CA                   2/1/2007        N                 300000                   1       3.25            1208.33                                                                               92677          12/29/2006              2      XA0605DI_ARM-INTONLY                             0            290000                             58000     100                        760           35.21     3YR                                        12/1/2011            5           5           2            3.25
     1103643670       SFR                               1     OO        REFI                  N                              6.25                 6.25              325000                325000               2/1/2007              1/1/2037                  1692.71      360   78.89     CA                   2/1/2007        N                 412000                   1       3.25            1692.71                                                                               92104          12/29/2006              1      XA1605DI_ARM-INTONLY                             0                 0                             40994   88.84                        652           41.29     3YR                                         1/1/2012            5           5           2            3.25
     1103643671       CONDO                             1     OO        REFI                  N                               6.5                  6.5              274400                274400               2/1/2007              1/1/2037                  1486.33      360      80     CA                   2/1/2007        N                 343000                   1       3.25            1486.33                                                                               92040          12/29/2006              2      XA1605DI_ARM-INTONLY                             0                 0                             68600     100                        677            37.1     3YR                                         1/1/2012            5           5           2            3.25
     1103643672       PUD                               1     OO        REFI                  Y                              6.25                 6.25              383500              383497.4               2/1/2007              1/1/2037                   1997.4      360      65     AZ                   2/1/2007        N                 590000                   1       3.25             1997.4                                                                               85242          12/29/2006             12      XA1605DI_ARM-INTONLY                             0                 0                                 0      65                        688               0     3YR                                         1/1/2012            5           5           2            3.25
     1103643673       SFR                               1     NOO       REFI                  Y                              7.25                 7.25              320000                320000               2/1/2007              1/1/2037                  1933.33      360      80     AZ                   2/1/2007        N                 400000                   1       3.25            1933.33                                                                               85213          12/29/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0      80                        735           31.49     3YR                                         1/1/2012            5           5           2            3.25
     1103643674       PUD                               1     OO        PURCHASE              N                               6.5                  6.5              400000                400000               2/1/2007              1/1/2037                  2166.67      360      80     AZ                   2/1/2007        N                 500000                   1       3.25            2166.67                                                                               85207          12/29/2006              2      XA0605DI_ARM-INTONLY                             0            500000                            100000     100                        705           43.97     3YR                                         1/1/2012            5           5           2            3.25
     1103643675       SFR                               1     OO        PURCHASE              N                             6.625                6.625              796000                796000               1/1/2007             12/1/2036                  4394.58      360      80     CA                   2/1/2007        N                1052000                   1       3.25            4394.58                                                                               91001          12/29/2006              2      XA0605DI_ARM-INTONLY                             0            995000                            199000     100                        760           44.81     3YR                                        12/1/2011            5           5           2            3.25
     1103643676       PUD                               1     OO        PURCHASE              N                               6.5                  6.5              309600                309600               2/1/2007              1/1/2037                     1677      360      80     CA                   2/1/2007        N                 390000                   1       3.25               1677                                                                               95209          12/29/2006              2      XA0605DI_ARM-INTONLY                             0            387000                             77400     100                        695           44.41     3YR                                         1/1/2012            5           5           2            3.25
     1103643678       PUD                               1     OO        REFI                  N                               6.5                  6.5              504700                504700               2/1/2007              1/1/2037                  2733.79      360   77.65     CA                   2/1/2007        N                 650000                   1       3.25            2733.79                                                                               95247          12/29/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0   77.65                        684           46.96     3YR                                         1/1/2012            5           5           2            3.25
     1103643681       SFR                               1     NOO       REFI                  Y                             7.125                7.125              288000                288000               2/1/2007              1/1/2037                     1710      360      80     AZ                   2/1/2007        N                 360000                   1       3.25               1710                                                                               85296          12/29/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0      80                        707           34.54     1YR                                         1/1/2012            5           5           2            3.25
     1103643683       SFR                               1     NOO       PURCHASE              N                             7.625                7.625              401250                401250               2/1/2007              1/1/2037                  2549.61      360      75     CT                   2/1/2007        N                 535000                   1       3.25            2549.61                                                                               06460          12/29/2006              2      XA1605DI_ARM-INTONLY                             0            535000                             53500      85                        658           45.65     1YR                                         1/1/2012            5           5           2            3.25
     1103643684       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              209000             208822.25               1/1/2007             12/1/2036                  1088.54      360   77.99     GA                   2/1/2007        N                 300000                   1       3.25            1088.54                                                                               30071          12/29/2006              8      SA1630EI_ARM-INTONLY                             0            268000                             59014     100                        724               0     NO-PREPAY                                   6/1/2007            6           1           1            3.25
     1103643685       PUD                               1     OO        PURCHASE              N                             6.375                6.375              690000                690000               2/1/2007              1/1/2037                  3665.63      360      80     FL                   2/1/2007        N                 862500                   1       2.25            3665.63                                                                               32225          12/29/2006              2      XA1605DI_ARM-INTONLY                             0            862500                             86250      90                        679              45     NO-PREPAY                                   1/1/2012            5           5           2            2.25
     1103643686       SFR                               1     OO        REFI                  N                             6.125                6.125              264500                264500               2/1/2007              1/1/2037                  1350.05      360   74.51     ME                   2/1/2007        N                 355000                   1       2.25            1350.05                                                                               04092          12/29/2006              1      XA2605DI_ARM-INTONLY                             0                 0                             32412   83.64                        631              45     NO-PREPAY                                   1/1/2012            5           5           2            2.25
     1103643687       CONDO                             1     OO        PURCHASE              N                             6.375                6.375              150000             149861.08               2/1/2007              1/1/2037                    935.8      360      75     NJ                   2/1/2007        N                 205000                   1       3.25              935.8                                                                               07416          12/29/2006              8      XA1605D_ARM                                      0            200000                             50000     100                        702               0     NO-PREPAY                                   1/1/2012            5           5           2            3.25
     1103643688       TOWNHOUSE                         1     OO        PURCHASE              N                               6.5                  6.5              351800                351800               1/1/2007             12/1/2036                  1905.58      360   77.99     FL                   2/1/2007        N                 460000                   1       3.25            1905.58                                                                               33626          12/29/2006              2      XA1605DI_ARM-INTONLY                             0            451085                             99239   99.99                        668           47.67     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103643689       CONDO                             1     2ND       PURCHASE              N                             6.875                6.875              272000                272000               2/1/2007              1/1/2037                  1558.33      360      80     SC                   2/1/2007        N                 340000                   1       3.25            1558.33                                                                               29582          12/29/2006              8      XA1605DI_ARM-INTONLY                             0            340000                                 0      80                        811               0     NO-PREPAY                                   1/1/2012            5           5           2            3.25
     1103643690       SFR                               1     OO        REFI                  N                               6.5                  6.5              330000                330000               2/1/2007              1/1/2037                   1787.5      360   79.91     NH                   2/1/2007        N                 413000                   1       3.25             1787.5                                                                               03801          12/29/2006              2      XA0605DI_ARM-INTONLY                             0                 0                             80411   99.38                        703              41     NO-PREPAY                                   1/1/2012            5           5           2            3.25
     1103643691       SFR                               1     OO        PURCHASE              N                                 7                    7              293205                293205               2/1/2007              1/1/2037                  1710.36      360      80     IL                   2/1/2007        N                 370000                   1       3.25            1710.36                                                                               60543          12/29/2006              2      XA0605DI_ARM-INTONLY                             0            366507                             73301     100                        759           46.23     NO-PREPAY                                   1/1/2012            5           5           2            3.25
     1103643692       CONDO                             1     OO        PURCHASE              N                                 7                    7              362000                362000               2/1/2007              1/1/2037                  2111.67      360      80     MA                   2/1/2007        N                 452500                   1       3.25            2111.67                                                                               02155          12/29/2006              8      XA1605DI_ARM-INTONLY                             0            457500                             90500     100                        682               0     NO-PREPAY                                   1/1/2012            5           5           2            3.25
     1103643693       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              237200                237200               2/1/2007              1/1/2037                  1284.83      360      80     NJ                   2/1/2007        N                 300000                   1       3.25            1284.83                                                                               08857          12/29/2006              8      XA1605DI_ARM-INTONLY                             0            296500                             59300     100                        701               0     NO-PREPAY                                   1/1/2012            5           5           2            3.25
     1103643694       SFR                               1     OO        PURCHASE              N                             6.875                6.875              296000                296000               2/1/2007              1/1/2037                  1695.83      360      80     NJ                   2/1/2007        N                 370000                   1       3.25            1695.83                                                                               08742          12/29/2006              8      XA1605DI_ARM-INTONLY                             0            384000                             74000     100                        690               0     NO-PREPAY                                   1/1/2012            5           5           2            3.25
     1103643695       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              280000                280000               2/1/2007              1/1/2037                  1458.33      360      80     NJ                   2/1/2007        N                 355000                   1       3.25            1458.33                                                                               07748          12/29/2006              2      XA0605DI_ARM-INTONLY                             0            350000                             70000     100                        696           39.44     NO-PREPAY                                   1/1/2012            5           5           2            3.25
     1103643696       SFR                               1     OO        REFI                  Y                               6.5                  6.5              257600                257600               2/1/2007              1/1/2037                  1395.33      360      80     CA                   2/1/2007        N                 322000                   1       3.25            1395.33                                                                               95662          12/29/2006              1      XA0605DI_ARM-INTONLY                             0                 0                             64400     100                        722           42.76     NO-PREPAY                                   1/1/2012            5           5           2            3.25
     1103643698       CONDO                             1     OO        PURCHASE              N                             6.875                6.875              417000             416939.06               2/1/2007              1/1/2037                  2389.06      360   78.69     CA                   2/1/2007        N                 535000                   1       3.25            2389.06                                                                               95136          12/29/2006              1      XA1605DI_ARM-INTONLY                             0            529950                            105937   98.68                        650            43.3     NO-PREPAY                                   1/1/2012            5           5           2            3.25
     1103643699       SFR                               1     OO        REFI                  N                              6.75                 6.75              205600                205600               2/1/2007              1/1/2037                   1156.5      360      80     AZ                   2/1/2007        N                 257000                   1       3.25             1156.5                                                                               85338          12/29/2006              2      XA1605DI_ARM-INTONLY                             0                 0                             51400     100                        680           44.64     NO-PREPAY                                   1/1/2012            5           5           2            3.25
     1103643700       SFR                               1     OO        REFI                  N                               6.5                  6.5              229000                229000               2/1/2007              1/1/2037                  1240.42      360   76.34     AZ                   2/1/2007        N                 300000                   1       3.25            1240.42                                                                               85022          12/29/2006              8      XA1605DI_ARM-INTONLY                             0                 0                                 0   76.34                        760               0     NO-PREPAY                                   1/1/2012            5           5           2            3.25
     1103643701       SFR                               1     OO        PURCHASE              N                               7.5                  7.5              267900                267900               1/1/2007             12/1/2036                  1674.38      360      95     AZ                   2/1/2007        N                 288000                   1       3.25            1674.38                                                                               85251          12/29/2006             12      XA1605DI_ARM-INTONLY                            30            282000                                 0      95                        689               0     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103643702       PUD                               1     OO        REFI                  N                             6.625                6.625              182000                182000               2/1/2007              1/1/2037                  1004.79      360      70     AZ                   2/1/2007        N                 260000                   1       3.25            1004.79                                                                               85086          12/29/2006              2      XA1605DI_ARM-INTONLY                             0                 0                             52000      90                        671           40.96     NO-PREPAY                                   1/1/2012            5           5           2            3.25
     1103643703       PUD                               1     OO        PURCHASE              N                               6.5                  6.5              127900                127900               2/1/2007              1/1/2037                   692.79      360   79.99     AZ                   2/1/2007        N                 160000                   1       3.25             692.79                                                                               85746          12/29/2006              2      XA0605DI_ARM-INTONLY                             0            159900                             31948   99.97                        688           44.01     NO-PREPAY                                   1/1/2012            5           5           2            3.25
     1103643704       SFR                               1     OO        REFI                  N                               6.5                  6.5              396000                396000               2/1/2007              1/1/2037                     2145      360      80     CA                   2/1/2007        N                 495000                   1       3.25               2145                                                                               95765          12/29/2006              2      XA1605DI_ARM-INTONLY                             0                 0                             99000     100                        672           44.57     NO-PREPAY                                   1/1/2012            5           5           2            3.25
     1103643705       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              258750                258750               1/1/2007             12/1/2036                  1401.56      360      75     CA                   2/1/2007        N                 345000                   1       3.25            1401.56                                                                               92342          12/29/2006              2      XA0605DI_ARM-INTONLY                             0            345000                             86250     100                        718           44.03     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103643706       CONDO                             1     OO        REFI                  N                             6.625                6.625              356000                356000               2/1/2007              1/1/2037                  1965.42      360      80     CA                   2/1/2007        N                 445000                   1       3.25            1965.42                                                                               94401          12/29/2006              2      XA0605DI_ARM-INTONLY                             0                 0                             89000     100                        707           40.76     NO-PREPAY                                   1/1/2012            5           5           2            3.25
     1103643707       CONDO                             1     OO        REFI                  Y                              6.25                 6.25              292000             291981.05               2/1/2007              1/1/2037                  1520.83      360    62.8     CA                   2/1/2007        N                 465000                   1       3.25            1520.83                                                                               93546          12/29/2006             12      XA1605DI_ARM-INTONLY                             0                 0                                 0    62.8                        682               0     NO-PREPAY                                   1/1/2012            5           5           2            3.25
     1103643708       SFR                               1     2ND       REFI                  Y                                 7                    7              300000                300000               2/1/2007              1/1/2037                     1750      360      80     CA                   2/1/2007        N                 375000                   1       3.25               1750                                                                               92315          12/29/2006              2      XA0605DI_ARM-INTONLY                             0                 0                                 0      80                        682           33.52     NO-PREPAY                                   1/1/2012            5           5           2            3.25
     1103643709       CONDO                             1     OO        PURCHASE              N                             6.875                6.875              257600                257600               2/1/2007              1/1/2037                  1475.83      360      80     CA                   2/1/2007        N                 350000                   1       3.25            1475.83                                                                               93546          12/29/2006             17      XA0605DI_ARM-INTONLY                             0            322000                             64400     100                        690           40.54     NO-PREPAY                                   1/1/2012            5           5           2            3.25
     1103643710       SFR                               1     OO        REFI                  N                              6.99                 6.99              280000                280000               1/1/2007             12/1/2036                     1631      360      80     MD                   2/1/2007        N                 350000                   1       3.25               1631                                                                               20781          12/29/2006             12      XA0605DI_ARM-INTONLY                             0                 0                                 0      80                        700               0     NO-PREPAY                                  12/1/2011            5           5           2            3.25
     1103644600       SFR                               1     NOO       PURCHASE              N                             6.875                6.875              175500                175500               2/1/2007              1/1/2037                  1005.47      360      75     FL                   2/1/2007        N                 260000                   1       2.75            1005.47                                                                               33020            1/4/2007              8      SA2605EI_ARM-INTONLY                             0            234000                             46800      95                        671               0     3YR                                         1/1/2012            6           3           1            2.75
     1103646604       PUD                               1     NOO       PURCHASE              N                              7.75                 7.75              258700                258700               3/1/2007              2/1/2037                  1670.77      360      65     CA                   2/1/2007        N                 400000                   1      2.875            1670.77                                                                               92240            1/4/2007              2      PA0602EI_ARM-INTONLY                             0            398000                            139300     100                        753           33.35     6MO                                         2/1/2009            6           3           1           2.875
     1103647943       2-4FAMILY                         3     NOO       PURCHASE              N                             8.875                8.875              224000             223874.43               2/1/2007              1/1/2037                  1782.24      360      80     NJ                   2/1/2007        N                 320000                   1          0            1782.24                                                                               08244           1/30/2007             12      XF1630_FIXEDRATE                                 0            280000                                 0      80                        796               0     NO-PREPAY                                                       0           0           0               0
     2503161584       D-PUDS                            1     NOO       REFI                  N                               6.5                  6.5              322500                322500               2/1/2007              1/1/2037                  1746.88      360      75     CA                   2/1/2007        N                 430000                   1          3            1746.88                                                                               92557          12/18/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             64500      90                        644           36.54     2YR                                         1/1/2012            6           3           1               3
     2503161588       D-PUDS                            1     NOO       REFI                  Y                              13.7                 13.7               64500              64487.43               2/1/2007              1/1/2022                   748.95      180      15     CA                   2/1/2007        Y                 430000                   2          0             748.95                                                                               92557          12/18/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        644           33.46     2YR                                                             0           0           0               0
     2503178287       CONDO                             1     OO        PURCHASE              N                              11.5                 11.5               63800              63759.02               1/1/2007             12/1/2021                   631.81      180   19.86     CA                   2/1/2007        Y                 330000                   2          0             631.81                                                                               92025           11/8/2006              2      TB1630_BALLOON                                   0            321343                                 0   99.85                        667           44.92     1YR                                                             0           0           0               0
     2503178866       CONDO                             1     OO        PURCHASE              N                            12.375               12.375               63600              63546.89              12/1/2006             11/1/2021                   672.61      180      20     CA                   2/1/2007        Y                 325000                   2          0             672.61                                                                               92025           11/2/2006              2      TB1630_BALLOON                                   0            318000                                 0     100                        646           48.07     1YR                                                             0           0           0               0
     2503179897       2-4FAMILY                         3     OO        PURCHASE              N                             12.55                12.55              114000                113942               1/1/2007             12/1/2021                   1221.1      180      20     CA                   2/1/2007        Y                 570000                   2          0             1221.1                                                                               90003          11/20/2006              2      TB2630_BALLOON                                   0            570000                                 0     100                        635           46.23     3YR                                                             0           0           0               0
     2503180695       SFR                               1     OO        PURCHASE              N                             10.99                10.99              108000             107883.17              12/1/2006             11/1/2021                  1027.69      180      20     CA                   2/1/2007        Y                 540000                   2          0            1027.69                                                                               90043           11/6/2006              2      TB1630_BALLOON                                   0            540000                                 0     100                        670           49.39     3YR                                                             0           0           0               0
     2503182837       SFR                               1     NOO       REFI                  Y                              14.9                 14.9               20000              19994.05               1/1/2007             12/1/2021                   251.29      180   15.39     RI                   2/1/2007        Y                 130000                   2          0             251.29                                                                               02889           11/2/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        652           48.05     NO-PREPAY                                                       0           0           0               0
     2503182942       SFR                               1     OO        REFI                  Y                             11.65                11.65               43000              42959.74              12/1/2006             11/1/2021                   430.75      180      20     OR                   2/1/2007        Y                 215000                   2          0             430.75                                                                               97501           11/2/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        644            28.5     3YR                                                             0           0           0               0
     2503183583       CONDO                             1     OO        PURCHASE              N                              13.4                 13.4               40400              40383.03               1/1/2007             12/1/2021                   459.57      180   19.94     FL                   2/1/2007        Y                 202700                   2          0             459.57                                                                               33193           11/6/2006              2      TB1630_BALLOON                                   0            205000                                 0   99.86                        653           43.83     NO-PREPAY                                                       0           0           0               0
     2503183972       SFR                               1     OO        PURCHASE              N                             13.65                13.65               52000              51968.77              12/1/2006             11/1/2021                   601.76      180      20     CO                   2/1/2007        Y                 260000                   2          0             601.76                                                                               80013          10/31/2006              2      TB2630_BALLOON                                   0            260000                                 0     100                        638           43.34     NO-PREPAY                                                       0           0           0               0
     2503184597       SFR                               1     OO        REFI                  N                             5.875                5.875              303000                303000               2/1/2007              1/1/2037                  1483.44      360   23.28     CA                   2/1/2007        N                1302000                   1          3            1483.44                                                                               91316          12/18/2006              1      PA0605EI_ARM-INTONLY                             0                 0                             50000   27.12                        780           17.05     3YR                                         1/1/2012            6           3           1               3
     2503184739       SFR                               1     NOO       PURCHASE              N                              11.7                 11.7               44500              44472.66               1/1/2007             12/1/2021                   447.48      180      20     NY                   2/1/2007        Y                 229000                   2          0             447.48                                                                               11901           11/2/2006              2      TB0630_BALLOON                                   0            222600                                 0      95                        761           42.33     1YR                                                             0           0           0               0
     2503184950       SFR                               1     OO        PURCHASE              N                              12.7                 12.7               66000              65967.53               1/1/2007             12/1/2021                   714.65      180      20     CA                   2/1/2007        Y                 331000                   2          0             714.65                                                                               93535          11/16/2006              2      TB2630_BALLOON                                   0            330000                                 0     100                        623           43.24     2YR                                                             0           0           0               0
     2503185063       CONDOTEL                          1     2ND       PURCHASE              N                              8.05                 8.05              242150             241989.16               2/1/2007              1/1/2037                  1785.26      360      80     FL                   2/1/2007        N                 370000                   1          3            1785.26                                                                               32821          12/12/2006              2      PA1605E_ARM                                      0            302700                                 0      80                        640           49.58     3YR                                         1/1/2012            6           3           1               3
     2503185199       D-PUDS                            1     OO        PURCHASE              N                              6.65                 6.65              215182                215182               1/1/2007             12/1/2036                  1192.47      360      80     AZ                   2/1/2007        N                 275000                   1          3            1192.47                                                                               85339           12/7/2006              2      PA1605EI_ARM-INTONLY                             0            268978                             53795     100                        655           44.85     3YR                                        12/1/2011            6           3           1               3
     2503185200       D-PUDS                            1     OO        PURCHASE              N                              11.9                 11.9               53795              53763.38               1/1/2007             12/1/2021                    549.2      180      20     AZ                   2/1/2007        Y                 275000                   2          0              549.2                                                                               85339           12/7/2006              2      TB1630_BALLOON                                   0            268978                                 0     100                        655           44.85     3YR                                                             0           0           0               0
     2503185223       HI-RISE                           1     OO        REFI                  Y                             13.35                13.35               28000              27982.07              12/1/2006             11/1/2021                   317.41      180      20     FL                   2/1/2007        Y                 140000                   2          0             317.41                                                                               33162          10/31/2006              2      TB1630_BALLOON                                   0                 0                                 0     100                        643            44.7     NO-PREPAY                                                       0           0           0               0
     2503185827       2-4FAMILY                         4     OO        PURCHASE              N                              9.15                 9.15              446250                446250               1/1/2007             12/1/2036                  3402.66      360      75     NY                   2/1/2007        N                 595000                   1          3            3402.66                                                                               10301          11/20/2006              2      PA1605EI_ARM-INTONLY                             0            595000                            148750     100                        641           41.66     1YR                                        12/1/2011            6           3           1               3
     2503185828       2-4FAMILY                         4     OO        PURCHASE              N                              13.5                 13.5              148750             148688.94               1/1/2007             12/1/2021                   1703.8      180      25     NY                   2/1/2007        Y                 595000                   2          0             1703.8                                                                               10301          11/20/2006              2      TB1630_BALLOON                                   0            595000                                 0     100                        641           41.66     NO-PREPAY                                                       0           0           0               0
     2503186132       CONDO                             1     NOO       PURCHASE              N                              12.6                 12.6               29250               29235.3               1/1/2007             12/1/2021                   314.44      180      15     NJ                   2/1/2007        Y                 265000                   2          0             314.44                                                                               08901          11/14/2006              2      TB0630_BALLOON                                   0            195000                                 0      95                        743           29.52     NO-PREPAY                                                       0           0           0               0
     2503186162       SFR                               1     NOO       REFI                  Y                             12.45                12.45               60000              59968.78               1/1/2007             12/1/2021                   638.03      180      20     FL                   2/1/2007        Y                 300000                   2          0             638.03                                                                               33312          11/20/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        733           48.48     NO-PREPAY                                                       0           0           0               0
     2503186472       SFR                               1     NOO       PURCHASE              N                            11.975               11.975               47400              47358.68              12/1/2006             11/1/2021                   486.65      180   20.01     FL                   2/1/2007        Y                 290000                   2          0             486.65                                                                               33064          10/17/2006              1      TB0630_BALLOON                                   0            236900                                 0      95                        687            18.7     NO-PREPAY                                                       0           0           0               0
     2503186545       D-PUDS                            1     OO        PURCHASE              N                             11.25                11.25               39950              39909.15              12/1/2006             11/1/2021                   388.02      180      10     FL                   2/1/2007        Y                 400000                   2          0             388.02                                                                               33428          10/12/2006              2      TB1630_BALLOON                                   0            399500                                 0      90                        666           37.05     2YR                                                             0           0           0               0
     2503186678       CONDO                             1     OO        REFI                  Y                              12.5                 12.5               20000              19984.49              12/1/2006             11/1/2021                   213.45      180      10     FL                   2/1/2007        Y                 200000                   2          0             213.45                                                                               33324          10/23/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        657           39.11     3YR                                                             0           0           0               0
     2503186740       D-PUDS                            1     OO        PURCHASE              N                                10                   10              150000             149799.26              12/1/2006             11/1/2021                  1316.36      180      20     CA                   2/1/2007        Y                 750000                   2          0            1316.36                                                                               90746          10/13/2006              1      TB0630_BALLOON                                   0            755000                                 0     100                        759           44.55     NO-PREPAY                                                       0           0           0               0
     2503186933       SFR                               1     OO        REFI                  Y                              11.4                 11.4               41800              41758.63              12/1/2006             11/1/2021                   410.76      180      10     VA                   2/1/2007        Y                 418000                   2          0             410.76                                                                               22193          10/11/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        677           30.94     2YR                                                             0           0           0               0
     2503187002       2-4FAMILY                         4     OO        PURCHASE              N                             12.69                12.69              132500             132434.67               1/1/2007             12/1/2021                  1433.68      180      25     IL                   2/1/2007        Y                 540000                   2          0            1433.68                                                                               60639          11/10/2006              2      TB1630_BALLOON                                   0            530000                                 0     100                        665           49.52     NO-PREPAY                                                       0           0           0               0
     2503187198       CONDO                             1     NOO       PURCHASE              N                              14.2                 14.2               32950              32938.47               1/1/2007             12/1/2021                   395.64      180   19.97     FL                   2/1/2007        Y                 170000                   2          0             395.64                                                                               33064           11/6/2006              2      TB1630_BALLOON                                   0            164999                                 0   94.94                        646           38.73     1YR                                                             0           0           0               0
     2503187241       SFR                               1     OO        REFI                  N                             5.125                5.125              320000                320000               1/1/2007             12/1/2036                  1366.67      360   48.13     CA                   2/1/2007        N                 665000                   1          0            1366.67                                                                               95404          11/17/2006              1      PF0630I_FIX-INTONLY                              0                 0                                 0   48.13                        767           46.34     3YR                                                             0           0           0               0
     2503187276       HI-RISE                           1     OO        PURCHASE              N                               7.6                  7.6              282200                282200               3/1/2007              2/1/2037                  1787.27      360      75     MN                   2/1/2007        N                 376283                   1      3.875            1787.27                                                                               55415            1/2/2007              2      PA1605EI_ARM-INTONLY                             0            380000                             94000   99.98                        660           49.04     3YR                                         2/1/2012            6           3           1           3.875
     2503187421       CONDO                             1     OO        REFI                  Y                               7.5                  7.5              206000             205847.09               2/1/2007              1/1/2037                  1440.38      360   78.04     FL                   2/1/2007        N                 264000                   1          3            1440.38                                                                               33351          12/11/2006              2      PA1605E_ARM                                      0                 0                                 0   78.04                        643           31.83     3YR                                         1/1/2012            6           3           1               3
     2503187715       SFR                               1     NOO       PURCHASE              N                              6.43                 6.43              167600                167600               1/1/2007             12/1/2036                   898.06      360   74.99     NY                   2/1/2007        N                 225000                   1          3             898.06                                                                               12186          11/28/2006              2      PA0605EI_ARM-INTONLY                             0            223500                             44700   94.99                        700           45.83     1YR                                        12/1/2011            6           3           1               3
     2503187716       SFR                               1     NOO       PURCHASE              N                             12.55                12.55               44700              44677.26               1/1/2007             12/1/2021                    478.8      180      20     NY                   2/1/2007        Y                 225000                   2          0              478.8                                                                               12186          11/28/2006              2      TB0630_BALLOON                                   0            223500                                 0   94.99                        700           45.83     NO-PREPAY                                                       0           0           0               0
     2503187746       CONDO                             1     OO        REFI                  Y                              12.7                 12.7               90000              89933.24              12/1/2006             11/1/2021                   974.52      180      25     CA                   2/1/2007        Y                 360000                   2          0             974.52                                                                               92804          10/31/2006              2      TB2630_BALLOON                                   0                 0                                 0     100                        620           44.43     3YR                                                             0           0           0               0
     2503187759       CONDO                             1     OO        REFI                  Y                            10.875               10.875               29500              29467.29              12/1/2006             11/1/2021                   278.15      180      10     CA                   2/1/2007        Y                 295000                   2          0             278.15                                                                               90723          10/19/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        679           38.61     2YR                                                             0           0           0               0
     2503187908       SFR                               1     OO        REFI                  Y                             11.74                11.74              188000             187827.38              12/1/2006             11/1/2021                  1896.25      180      25     CA                   2/1/2007        Y                 752000                   2          0            1896.25                                                                               95062          10/31/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        658           37.37     3YR                                                             0           0           0               0
     2503188012       SFR                               1     OO        REFI                  N                              6.75                 6.75              456000             455999.44               1/1/2007             12/1/2036                     2565      360      80     CA                   2/1/2007        N                 570000                   1          3               2565                                                                               92509          11/30/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             85500      95                        712           46.83     3YR                                        12/1/2011            6           3           1               3
     2503188140       CONDO                             1     NOO       PURCHASE              N                              13.9                 13.9               20000               19988.7              12/1/2006             11/1/2021                   235.39      180   20.21     FL                   2/1/2007        Y                  99000                   2          0             235.39                                                                               33613          10/30/2006              2      TB0630_BALLOON                                   0             99900                                 0   94.95                        707           45.29     NO-PREPAY                                                       0           0           0               0
     2503188393       SFR                               1     NOO       REFI                  Y                               6.5                  6.5              300000             299678.95               2/1/2007              1/1/2037                   1896.2      360   51.11     HI                   2/1/2007        N                 587000                   1          0             1896.2                                                                               96744          12/28/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   51.11                        733           38.79     NO-PREPAY                                                       0           0           0               0
     2503188489       SFR                               1     NOO       PURCHASE              N                              13.5                 13.5               22000              21901.39              12/1/2006             11/1/2021                   251.99      180      20     FL                   2/1/2007        Y                 121000                   2          0             251.99                                                                               34690          10/31/2006              2      TB1630_BALLOON                                   0            110000                                 0      95                        648           28.36     3YR                                                             0           0           0               0
     2503188558       D-PUDS                            1     OO        REFI                  Y                              6.25                 6.25              178500                178500               2/1/2007              1/1/2037                   929.69      360      70     FL                   2/1/2007        N                 255000                   1          3             929.69                                                                               33025          12/27/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             49745   89.51                        719           47.42     3YR                                         1/1/2012            6           3           1               3
     2503188590       SFR                               1     OO        REFI                  Y                             11.55                11.55               97000              96907.15              12/1/2006             11/1/2021                   964.28      180      20     CA                   2/1/2007        Y                 485000                   2          0             964.28                                                                               95828          10/31/2006              2      TB1630_BALLOON                                   0                 0                                 0     100                        660           49.44     3YR                                                             0           0           0               0
     2503188620       SFR                               1     OO        REFI                  Y                                12                   12               24600              24578.67              12/1/2006             11/1/2021                   253.04      180      10     AZ                   2/1/2007        Y                 246000                   2          0             253.04                                                                               85201          10/24/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        657           37.71     3YR                                                             0           0           0               0
     2503188630       CONDO                             1     OO        PURCHASE              N                            11.575               11.575               43500              43458.57              12/1/2006             11/1/2021                   433.27      180      10     CA                   2/1/2007        Y                 475000                   2          0             433.27                                                                               91401          10/25/2006              2      TB1630_BALLOON                                   0            435000                                 0      90                        670           37.89     1YR                                                             0           0           0               0
     2503188834       SFR                               1     OO        PURCHASE              N                             13.24                13.24               67500               67470.6               1/1/2007             12/1/2036                   759.37      360      25     FL                   2/1/2007        N                 300000                   2          0             759.37                                                                               33024           11/9/2006              2      TF2630_FIXEDRATE                                 0            270000                                 0     100                        636           43.08     2YR                                                             0           0           0               0
     2503188888       SFR                               1     OO        REFI                  Y                             12.85                12.85              105000              104924.7              12/1/2006             11/1/2021                  1149.21      180      20     CA                   2/1/2007        Y                 525000                   2          0            1149.21                                                                               90621          10/31/2006              2      TB1630_BALLOON                                   0                 0                                 0     100                        653           49.68     2YR                                                             0           0           0               0
     2503188970       2-4FAMILY                         3     OO        PURCHASE              N                               6.5                  6.5              420000                420000               1/1/2007             12/1/2036                     2275      360      75     NY                   2/1/2007        N                 560000                   1          3               2275                                                                               11207          11/22/2006              2      PA2605EI_ARM-INTONLY                             0            560000                            140000     100                        630           49.37     1YR                                        12/1/2011            6           3           1               3
     2503188973       2-4FAMILY                         3     OO        PURCHASE              N                            13.625               13.625              140000             139944.13               1/1/2007             12/1/2021                  1617.36      180      25     NY                   2/1/2007        Y                 560000                   2          0            1617.36                                                                               11207          11/22/2006              2      TB2630_BALLOON                                   0            560000                                 0     100                        630           48.67     NO-PREPAY                                                       0           0           0               0
     2503188985       SFR                               1     OO        REFI                  Y                              12.5                 12.5               35000              34972.85              12/1/2006             11/1/2021                   373.54      180     7.3     FL                   2/1/2007        Y                 480000                   2          0             373.54                                                                               34761          10/31/2006              2      TB1630_BALLOON                                   0                 0                                 0    87.3                        658           32.65     3YR                                                             0           0           0               0
     2503189039       SFR                               1     NOO       PURCHASE              N                              8.75                 8.75              381600                381600               1/1/2007             12/1/2036                   2782.5      360      80     NY                   2/1/2007        N                 480000                   1          3             2782.5                                                                               11417          11/27/2006              2      PA1605EI_ARM-INTONLY                             0            477000                             71550      95                        640           37.83     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503189040       SFR                               1     NOO       PURCHASE              N                             13.55                13.55               71550              71520.96               1/1/2007             12/1/2021                   822.36      180      15     NY                   2/1/2007        Y                 480000                   2          0             822.36                                                                               11417          11/27/2006              2      TB1630_BALLOON                                   0            477000                                 0      95                        640           37.83     NO-PREPAY                                                       0           0           0               0
     2503189068       2-4FAMILY                         3     OO        PURCHASE              N                               8.5                  8.5              322500             322107.86               1/1/2007             12/1/2036                  2479.75      360      75     NY                   2/1/2007        N                 430000                   1          3            2479.75                                                                               10701          11/29/2006              2      PA1605E_ARM                                      0            430000                            107500     100                        651           38.11     1YR                                        12/1/2011            6           3           1               3
     2503189069       2-4FAMILY                         3     OO        PURCHASE              N                             13.25                13.25              107500             107453.28               1/1/2007             12/1/2021                  1210.21      180      25     NY                   2/1/2007        Y                 430000                   2          0            1210.21                                                                               10701          11/29/2006              2      TB1630_BALLOON                                   0            430000                                 0     100                        651           38.11     NO-PREPAY                                                       0           0           0               0
     2503189129       CONDO                             1     NOO       PURCHASE              N                                12                   12               87000              86924.58              12/1/2006             11/1/2021                   894.89      180      15     CA                   2/1/2007        Y                 585000                   2          0             894.89                                                                               90064          10/31/2006              1      TB0630_BALLOON                                   0            580000                                 0      95                        787           20.87     NO-PREPAY                                                       0           0           0               0
     2503189217       2-4FAMILY                         3     OO        PURCHASE              N                             13.35                13.35              149975             149911.29               1/1/2007             12/1/2021                  1700.15      180      25     NJ                   2/1/2007        Y                 610000                   2          0            1700.15                                                                               07047           11/3/2006              2      TB1630_BALLOON                                   0            599900                                 0     100                        649           44.09     NO-PREPAY                                                       0           0           0               0
     2503189397       2-4FAMILY                         2     OO        PURCHASE              N                            12.875               12.875              150000             149929.05               1/1/2007             12/1/2021                  1644.66      180      25     NY                   2/1/2007        Y                 600000                   2          0            1644.66                                                                               11236          11/28/2006              2      TB1630_BALLOON                                   0            600000                                 0     100                        669           49.43     NO-PREPAY                                                       0           0           0               0
     2503189427       SFR                               1     OO        REFI                  Y                              12.5                 12.5               45900               45833.7              12/1/2006             11/1/2021                   489.87      180   12.08     MD                   2/1/2007        Y                 380000                   2          0             489.87                                                                               21060          10/31/2006              2      TB1630_BALLOON                                   0                 0                                 0   89.98                        648           37.13     NO-PREPAY                                                       0           0           0               0
     2503189448       CONDO                             1     2ND       PURCHASE              N                             8.163                8.163              183100                183100               1/1/2007             12/1/2036                  1245.54      360      80     FL                   2/1/2007        N                 234000                   1          3            1245.54                                                                               33190          11/28/2006              1      PA1605EI_ARM-INTONLY                             0            228900                                 0      80                        640           31.48     3YR                                        12/1/2011            6           3           1               3
     2503189459       SFR                               1     OO        PURCHASE              N                             11.99                11.99               91000              79837.63               1/1/2007             12/1/2021                   935.34      180      20     NY                   2/1/2007        Y                 510000                   2          0             935.34                                                                               11801          11/13/2006              2      TB1630_BALLOON                                   0            455000                                 0      95                        649           44.51     NO-PREPAY                                                       0           0           0               0
     2503189535       CONDO                             1     NOO       PURCHASE              N                               6.9                  6.9              136850                136850               1/1/2007             12/1/2036                   786.89      360   74.99     FL                   2/1/2007        N                 185000                   1          3             786.89                                                                               33064          11/22/2006              2      PA0605EI_ARM-INTONLY                             0            182500                             36500   94.99                        770           47.43     3YR                                        12/1/2011            6           3           1               3
     2503189537       CONDO                             1     NOO       PURCHASE              N                            12.625               12.625               36500              36481.74               1/1/2007             12/1/2021                   393.09      180      20     FL                   2/1/2007        Y                 185000                   2          0             393.09                                                                               33064          11/22/2006              2      TB0630_BALLOON                                   0            182500                                 0   94.99                        770           47.43     NO-PREPAY                                                       0           0           0               0
     2503189540       SFR                               1     OO        PURCHASE              N                              12.5                 12.5              155000             154879.75              12/1/2006             11/1/2021                  1654.25      180      20     CA                   2/1/2007        Y                 775000                   2          0            1654.25                                                                               91791           11/6/2006              2      TB1630_BALLOON                                   0            775000                                 0     100                        655           38.06     2YR                                                             0           0           0               0
     2503189555       2-4FAMILY                         3     OO        PURCHASE              N                              13.3                 13.3              162500             162394.69              12/1/2006             11/1/2021                  1835.76      180      25     NY                   2/1/2007        Y                 650000                   2          0            1835.76                                                                               11422          10/30/2006              2      TB1630_BALLOON                                   0            650000                                 0     100                        645           46.03     NO-PREPAY                                                       0           0           0               0
     2503189606       SFR                               1     NOO       REFI                  N                             12.05                12.05               54600               54553.2              12/1/2006             11/1/2021                   563.72      180      20     NV                   2/1/2007        Y                 273000                   2          0             563.72                                                                               89032           11/2/2006              2      TB0630_BALLOON                                   0                 0                                 0      90                        730            33.1     1YR                                                             0           0           0               0
     2503189639       PUD                               1     OO        REFI                  N                              5.25                 5.25              211500                211500               2/1/2007              1/1/2037                   925.31      360   52.23     CA                   2/1/2007        N                 405000                   1          0             925.31                                                                               95409          12/11/2006              1      PF0630I_FIX-INTONLY                              0                 0                                 0   52.23                        797           44.58     3YR                                                             0           0           0               0
     2503189641       SFR                               1     OO        REFI                  Y                             11.39                11.39               25000               24975.2              12/1/2006             11/1/2021                   245.48      180      10     FL                   2/1/2007        Y                 250000                   2          0             245.48                                                                               34205           11/6/2006              2      TB1630_BALLOON                                   0                 0                                 0    88.8                        675           28.72     3YR                                                             0           0           0               0
     2503189706       SFR                               1     OO        REFI                  Y                                 5                    5             1000000               1000000               1/1/2007             12/1/2036                  4166.67      360   58.83     CA                   2/1/2007        N                1700000                   1          0            4166.67                                                                               95448          11/30/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   58.83                        725           27.63     3YR                                                             0           0           0               0
     2503189711       2-4FAMILY                         3     OO        PURCHASE              N                             10.84                10.84               57400              57335.83              12/1/2006             11/1/2021                   539.71      180      20     RI                   2/1/2007        Y                 320000                   2          0             539.71                                                                               02907          10/31/2006              1      TB0630_BALLOON                                   0            287000                                 0     100                        694           37.93     1YR                                                             0           0           0               0
     2503189756       SFR                               1     OO        REFI                  N                             7.125                7.125              104000             103916.83               2/1/2007              1/1/2037                   700.67      360   78.79     OH                   2/1/2007        N                 132000                   1          0             700.67                                                                               44405          12/20/2006              2      PF2630_FIXEDRATE                                 0                 0                             26000   98.49                        624           33.16     3YR                                                             0           0           0               0
     2503189777       SFR                               1     OO        REFI                  Y                              11.1                 11.1               42000              41955.64              12/1/2006             11/1/2021                   403.15      180      15     CA                   2/1/2007        Y                 280000                   2          0             403.15                                                                               93722          10/24/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        674           33.71     2YR                                                             0           0           0               0
     2503189802       D-PUDS                            1     OO        REFI                  Y                              11.6                 11.6               99800              99705.36              12/1/2006             11/1/2021                   995.93      180      20     CA                   2/1/2007        Y                 499000                   2          0             995.93                                                                               92057           11/1/2006              2      TB1630_BALLOON                                   0                 0                                 0     100                        662           43.49     1YR                                                             0           0           0               0
     2503189908       SFR                               1     OO        REFI                  N                              11.6                 11.6               72500              72431.33              12/1/2006             11/1/2021                    723.5      180      10     CA                   2/1/2007        Y                 725000                   2          0              723.5                                                                               91941          10/20/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        653            39.8     3YR                                                             0           0           0               0
     2503190029       2-4FAMILY                         3     OO        PURCHASE              N                             12.59                12.59              167500             167415.54               1/1/2007             12/1/2021                  1799.36      180      25     NY                   2/1/2007        Y                 670000                   2          0            1799.36                                                                               11208          11/10/2006              2      TB1630_BALLOON                                   0            670000                                 0     100                        672           49.89     NO-PREPAY                                                       0           0           0               0
     2503190156       SFR                               1     OO        PURCHASE              N                             10.99                10.99               70800              70749.17               1/1/2007             12/1/2021                   673.71      180      10     CA                   2/1/2007        Y                 708400                   2          0             673.71                                                                               93905          11/13/2006              2      TB1630_BALLOON                                   0            708400                                 0      90                        669            36.9     3YR                                                             0           0           0               0
     2503190173       SFR                               1     NOO       REFI                  Y                              12.8                 12.8              142000             141931.69               1/1/2007             12/1/2021                  1548.64      180      20     FL                   2/1/2007        Y                 710000                   2          0            1548.64                                                                               34787           11/8/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        704           41.31     2YR                                                             0           0           0               0
     2503190251       CONDO                             1     OO        PURCHASE              N                             12.35                12.35               45000               44971.1               1/1/2007             12/1/2021                   475.03      180      20     CA                   2/1/2007        Y                 225000                   2          0             475.03                                                                               92335           11/3/2006              2      TB1630_BALLOON                                   0            225000                                 0     100                        643              41     3YR                                                             0           0           0               0
     2503190422       SFR                               1     OO        REFI                  N                             5.875                5.875              495000                495000               2/1/2007              1/1/2037                  2423.44      360   26.89     CA                   2/1/2007        N                1841500                   1          3            2423.44                                                                               90272           12/7/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0   26.89                        769           14.22     3YR                                         1/1/2012            6           3           1               3
     2503190448       SFR                               1     OO        REFI                  Y                             13.15                13.15               78750              78697.19              12/1/2006             11/1/2021                   880.37      180      25     FL                   2/1/2007        Y                 315000                   2          0             880.37                                                                               33068          10/31/2006              2      TB2630_BALLOON                                   0                 0                                 0     100                        625           47.64     3YR                                                             0           0           0               0
     2503190463       SFR                               1     OO        PURCHASE              N                             11.54                11.54               46800               46770.2               1/1/2007             12/1/2021                   464.89      180      20     AZ                   2/1/2007        Y                 237000                   2          0             464.89                                                                               85225          11/22/2006              2      TB1630_BALLOON                                   0            234000                                 0     100                        672           39.84     2YR                                                             0           0           0               0
     2503190525       SFR                               1     OO        REFI                  N                             12.45                12.45               54000              53945.92              12/1/2006             11/1/2021                   574.22      180      10     VA                   2/1/2007        Y                 540000                   2          0             574.22                                                                               22193          10/30/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        646           33.61     NO-PREPAY                                                       0           0           0               0
     2503190549       PUD                               1     OO        REFI                  Y                              12.4                 12.4               95500              95449.74               1/1/2007             12/1/2021                  1011.83      180      25     FL                   2/1/2007        Y                 382000                   2          0            1011.83                                                                               34771           11/8/2006              2      TB1630_BALLOON                                   0                 0                                 0     100                        643           34.96     3YR                                                             0           0           0               0
     2503190552       SFR                               1     OO        PURCHASE              N                             13.45                13.45               41800              41782.64               1/1/2007             12/1/2021                   477.14      180      20     OR                   2/1/2007        Y                 215000                   2          0             477.14                                                                               97266          11/16/2006              2      TB2630_BALLOON                                   0            209000                                 0     100                        630           44.42     NO-PREPAY                                                       0           0           0               0
     2503190574       D-PUDS                            1     NOO       REFI                  Y                              13.2                 13.2              110000             109951.66               1/1/2007             12/1/2021                  1234.04      180      20     NV                   2/1/2007        Y                 550000                   2          0            1234.04                                                                               89015          11/15/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        678           28.18     2YR                                                             0           0           0               0
     2503190675       SFR                               1     OO        REFI                  N                             10.89                10.89               35500              35460.74              12/1/2006             11/1/2021                   335.13      180      10     CA                   2/1/2007        Y                 355000                   2          0             335.13                                                                               92551           11/1/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        658           38.22     3YR                                                             0           0           0               0
     2503190696       2-4FAMILY                         2     OO        PURCHASE              N                              13.3                 13.3              125000              124946.3               1/1/2007             12/1/2021                  1412.12      180      25     NY                   2/1/2007        Y                 500000                   2          0            1412.12                                                                               10458          11/14/2006              2      TB1630_BALLOON                                   0            500000                                 0     100                        647           49.98     NO-PREPAY                                                       0           0           0               0
     2503190780       SFR                               1     OO        REFI                  N                            10.775               10.775              165750             165562.14              12/1/2006             11/1/2021                  1550.36      180   25.04     CA                   2/1/2007        Y                 662000                   2          0            1550.36                                                                               94086          10/30/2006              2      TB0630_BALLOON                                   0                 0                                 0     100                        713           37.32     NO-PREPAY                                                       0           0           0               0
     2503190805       2-4FAMILY                         2     NOO       PURCHASE              N                              8.75                 8.75              202400                202400               1/1/2007             12/1/2036                  1475.83      360      80     FL                   2/1/2007        N                 253000                   1          3            1475.83                                                                               33441          11/30/2006              7      SA2605EI_ARM-INTONLY                             0            253000                                 0      80                        635               0     3YR                                        12/1/2011            6           3           1               3
     2503190809       CONDO                             1     OO        REFI                  Y                              12.5                 12.5               26000              25979.81              12/1/2006             11/1/2021                   277.49      180      10     IL                   2/1/2007        Y                 260000                   2          0             277.49                                                                               60660          10/31/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        654           39.66     NO-PREPAY                                                       0           0           0               0
     2503190816       SFR                               1     OO        PURCHASE              N                             12.49                12.49               55000               54942.3               1/1/2007             12/1/2021                   586.57      180      25     FL                   2/1/2007        Y                 225000                   2          0             586.57                                                                               32822           11/3/2006              2      TB1630_BALLOON                                   0            220000                                 0     100                        642           37.32     2YR                                                             0           0           0               0
     2503190844       SFR                               1     OO        REFI                  N                              11.5                 11.5               41200              40191.38              12/1/2006             11/1/2021                      408      180    8.87     CA                   2/1/2007        Y                 465000                   2          0                408                                                                               92377          10/25/2006              2      TB1630_BALLOON                                   0                 0                                 0   88.87                        651           38.27     3YR                                                             0           0           0               0
     2503190871       SFR                               1     OO        REFI                  Y                            11.925               11.925               49000              48946.72              12/1/2006             11/1/2021                   501.19      180      10     CA                   2/1/2007        Y                 490000                   2          0             501.19                                                                               92026          10/24/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        650           36.38     3YR                                                             0           0           0               0
     2503190896       CONDO                             1     NOO       PURCHASE              N                              12.4                 12.4               26050              26029.33              12/1/2006             11/1/2021                      276      180   21.71     IL                   2/1/2007        Y                 134000                   2          0                276                                                                               60641          10/30/2006              2      TB0630_BALLOON                                   0            120000                                 0      95                        713            41.3     NO-PREPAY                                                       0           0           0               0
     2503190898       SFR                               1     NOO       REFI                  N                               6.6                  6.6              151700                151700               1/1/2007             12/1/2036                   834.35      360   70.56     MO                   2/1/2007        N                 215000                   1          4             834.35                                                                               63021          11/30/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             42700   90.42                        735           45.54     NO-PREPAY                                  12/1/2011            6           3           1               4
     2503190899       SFR                               1     NOO       REFI                  N                             12.25                12.25               42700              42676.78               1/1/2007             12/1/2021                   447.45      180   19.87     MO                   2/1/2007        Y                 215000                   2          0             447.45                                                                               63021          11/30/2006              2      TB0630_BALLOON                                   0                 0                                 0   90.42                        735           45.54     NO-PREPAY                                                       0           0           0               0
     2503190929       SFR                               1     OO        PURCHASE              N                              12.3                 12.3              137500             137426.04               1/1/2007             12/1/2021                  1446.17      180      25     IL                   2/1/2007        Y                 550000                   2          0            1446.17                                                                               60646           11/6/2006              2      TB1630_BALLOON                                   0            550000                                 0     100                        673           48.94     NO-PREPAY                                                       0           0           0               0
     2503190934       CONDO                             1     OO        PURCHASE              N                            11.625               11.625               68600              68557.14               1/1/2007             12/1/2021                   685.89      180   19.99     CA                   2/1/2007        Y                 345000                   2          0             685.89                                                                               92025           11/9/2006              2      TB1630_BALLOON                                   0            343241                                 0   99.98                        666           49.27     1YR                                                             0           0           0               0
     2503190998       SFR                               1     NOO       REFI                  Y                               6.7                  6.7              150000                150000               2/1/2007              1/1/2037                    837.5      360      75     MD                   2/1/2007        N                 200000                   1          3              837.5                                                                               21234          12/19/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             40000      95                        800           28.27     3YR                                         1/1/2012            6           3           1               3
     2503190999       SFR                               1     NOO       REFI                  Y                             12.59                12.59               40000              39989.97               2/1/2007              1/1/2022                    429.7      180      20     MD                   2/1/2007        Y                 200000                   2          0              429.7                                                                               21234          12/19/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        800           28.27     NO-PREPAY                                                       0           0           0               0
     2503191044       SFR                               1     OO        PURCHASE              N                             12.85                12.85               60500              60471.23               1/1/2007             12/1/2021                   662.16      180      25     RI                   2/1/2007        Y                 242000                   2          0             662.16                                                                               02904           11/7/2006              2      TB1630_BALLOON                                   0            242000                                 0     100                        640           48.08     1YR                                                             0           0           0               0
     2503191128       CONDO                             1     OO        PURCHASE              N                             8.405                8.405              321090             320691.91               1/1/2007             12/1/2036                  2447.32      360      95     FL                   2/1/2007        N                 338000                   1       4.25            2447.32                                                                               33178          11/22/2006             12      EA0605E_ARM                                     30            337990                                 0      95                        694               0     2YR                                        12/1/2011            6           3           1            4.25
     2503191167       HI-RISE                           1     OO        PURCHASE              N                             13.44                13.44               93750              93691.14              12/1/2006             11/1/2021                   1069.4      180      25     FL                   2/1/2007        Y                 395000                   2          0             1069.4                                                                               33020          10/31/2006              2      TB1630_BALLOON                                   0            375000                                 0     100                        656           44.32     NO-PREPAY                                                       0           0           0               0
     2503191218       D-PUDS                            1     NOO       PURCHASE              N                             12.75                12.75               61150              61105.15              12/1/2006             11/1/2021                   664.51      180      20     AZ                   2/1/2007        Y                 500000                   2          0             664.51                                                                               85239           11/7/2006              2      TB0630_BALLOON                                   0            305890                                 0   94.99                        690            41.9     NO-PREPAY                                                       0           0           0               0
     2503191220       2-4FAMILY                         2     NOO       REFI                  N                              11.9                 11.9              125000             121874.33              12/1/2006             11/1/2036                  1276.15      360      20     CA                   2/1/2007        N                 625000                   2          0            1276.15                                                                               92113           11/2/2006              2      TF0630_FIXEDRATE                                 0                 0                                 0      90                        720           23.12     3YR                                                             0           0           0               0
     2503191313       CONDO                             1     2ND       PURCHASE              N                             12.79                12.79               39747              39717.51               1/1/2007             12/1/2021                   433.17      180      25     FL                   2/1/2007        Y                 195000                   2          0             433.17                                                                               32822           11/9/2006              2      TB1630_BALLOON                                   0            158990                                 0      95                        675           40.85     NO-PREPAY                                                       0           0           0               0
     2503191318       SFR                               1     NOO       PURCHASE              N                             12.05                12.05              130000             129926.07               1/1/2007             12/1/2021                   1342.2      180      20     FL                   2/1/2007        Y                 650000                   2          0             1342.2                                                                               32136           11/8/2006              2      TB0630_BALLOON                                   0            650000                                 0   94.93                        772           37.88     NO-PREPAY                                                       0           0           0               0
     2503191337       CONDO                             1     2ND       PURCHASE              N                             6.375                6.375              151900                151900               1/1/2007             12/1/2036                   806.97      360      70     CA                   2/1/2007        N                 290000                   1          3             806.97                                                                               92101          11/30/2006              2      PA0605EI_ARM-INTONLY                             0            217030                             54257   94.99                        686           34.97     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503191379       SFR                               1     OO        REFI                  N                             12.25                12.25               29000              28976.21              12/1/2006             11/1/2021                   303.89      180      10     IL                   2/1/2007        Y                 290000                   2          0             303.89                                                                               60107          10/27/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        657           35.67     NO-PREPAY                                                       0           0           0               0
     2503191384       2-4FAMILY                         2     OO        PURCHASE              N                            13.775               13.775               90000                 90000              12/1/2006             11/1/2021                  1033.13      180      30     FL                   2/1/2007        Y                 300000                   2          0            1033.13                                                                               33020          10/30/2006              2      TB1630I_BALLOON-INTONLY                          0            300000                                 0     100                        649           46.19     NO-PREPAY                                                       0           0           0               0
     2503191416       SFR                               1     OO        REFI                  Y                             12.99                12.99               93750              93684.84              12/1/2006             11/1/2021                  1036.33      180      25     OR                   2/1/2007        Y                 375000                   2          0            1036.33                                                                               97211          10/31/2006              2      TB2630_BALLOON                                   0                 0                                 0     100                        636           49.66     3YR                                                             0           0           0               0
     2503191417       HI-RISE                           1     OO        PURCHASE              N                              13.1                 13.1               42000              41976.87               1/1/2007             12/1/2021                   467.89      180   20.01     FL                   2/1/2007        Y                 209900                   2          0             467.89                                                                               33162           11/7/2006              2      TB1630_BALLOON                                   0            209900                                 0     100                        677           44.15     2YR                                                             0           0           0               0
     2503191472       SFR                               1     OO        REFI                  Y                              6.21                 6.21              240000                240000               1/1/2007             12/1/2036                     1242      360   72.73     FL                   2/1/2007        N                 330000                   1          3               1242                                                                               34232          11/27/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   72.73                        682           37.28     3YR                                        12/1/2011            6           3           1               3
     2503191487       CONDO                             1     OO        REFI                  N                             6.125                6.125              120000                120000               2/1/2007              1/1/2037                    612.5      360   59.71     CA                   2/1/2007        N                 201000                   1          3              612.5                                                                               92105          12/11/2006              1      PA1603EI_ARM-INTONLY                             0                 0                             70800   94.93                        678           44.26     3YR                                         1/1/2010            6           3           1               3
     2503191508       D-PUDS                            1     OO        REFI                  Y                                11                   11              225000             224757.09              12/1/2006             11/1/2021                  2142.73      180   25.72     VA                   2/1/2007        Y                 875000                   2          0            2142.73                                                                               22079          10/31/2006              2      TB0630_BALLOON                                   0                 0                                 0     100                        712            36.2     3YR                                                             0           0           0               0
     2503191521       SFR                               1     OO        PURCHASE              N                             12.55                12.55               82500              82458.02               1/1/2007             12/1/2021                   883.69      180      25     FL                   2/1/2007        Y                 330000                   2          0             883.69                                                                               33157           11/2/2006              1      TB2630_BALLOON                                   0            330000                                 0     100                        624            45.3     2YR                                                             0           0           0               0
     2503191538       SFR                               1     OO        REFI                  Y                              10.7                 10.7               64000              63926.29              12/1/2006             11/1/2021                   595.02      180    9.56     CA                   2/1/2007        Y                 670000                   2          0             595.02                                                                               92802          10/31/2006              1      TB1630_BALLOON                                   0                 0                                 0   89.56                        644           48.95     3YR                                                             0           0           0               0
     2503191551       CONDO                             1     OO        PURCHASE              N                             12.19                12.19               85500              85428.93              12/1/2006             11/1/2021                   891.99      180      25     CA                   2/1/2007        Y                 348000                   2          0             891.99                                                                               92691          10/27/2006              2      TB1630_BALLOON                                   0            342000                                 0     100                        655           37.93     3YR                                                             0           0           0               0
     2503191563       SFR                               1     OO        PURCHASE              N                              12.6                 12.6               70000              69964.78               1/1/2007             12/1/2021                   752.52      180      20     CA                   2/1/2007        Y                 350000                   2          0             752.52                                                                               92324           11/8/2006              2      TB2630_BALLOON                                   0            350000                                 0     100                        625           42.43     3YR                                                             0           0           0               0
     2503191596       CONDO                             1     OO        PURCHASE              N                             12.54                12.54               62500              62468.12               1/1/2007             12/1/2021                   668.98      180   25.01     FL                   2/1/2007        Y                 256000                   2          0             668.98                                                                               33196          11/22/2006              2      TB1630_BALLOON                                   0            249900                                 0     100                        669           43.11     NO-PREPAY                                                       0           0           0               0
     2503191676       SFR                               1     OO        PURCHASE              N                             11.65                11.65               68000              67957.75               1/1/2007             12/1/2021                   681.19      180      25     CA                   2/1/2007        Y                 273500                   2          0             681.19                                                                               93706          11/21/2006              2      TB1630_BALLOON                                   0            272000                                 0     100                        663           48.75     2YR                                                             0           0           0               0
     2503191757       CONDO                             1     OO        PURCHASE              N                             12.75                12.75              109500             109419.68              12/1/2006             11/1/2021                  1189.93      180      25     CA                   2/1/2007        Y                 438000                   2          0            1189.93                                                                               94303          10/31/2006              2      TB2630_BALLOON                                   0            438000                                 0     100                        638            31.5     3YR                                                             0           0           0               0
     2503191788       D-PUDS                            1     2ND       PURCHASE              N                              7.99                 7.99              418000                418000               2/1/2007              1/1/2037                  2783.18      360   89.93     FL                   2/1/2007        N                 515000                   1      3.875            2783.18                                                                               34747          12/20/2006              2      PA1405EI_ARM-INTONLY                            25            464840                                 0   89.93                        666           33.29     3YR                                         1/1/2012            6           3           1           3.875
     2503191795       CONDO                             1     OO        PURCHASE              N                              12.6                 12.6               50000              49974.85               1/1/2007             12/1/2021                   537.51      180      20     CA                   2/1/2007        Y                 260000                   2          0             537.51                                                                               95242          11/10/2006              2      TB2630_BALLOON                                   0            250000                                 0     100                        634           47.03     3YR                                                             0           0           0               0
     2503191796       D-PUDS                            1     OO        REFI                  Y                             11.85                11.85               58000              57948.01              12/1/2006             11/1/2036                   589.91      360    8.17     AZ                   2/1/2007        N                 710000                   2          0             589.91                                                                               85338          10/31/2006              2      TF1630_FIXEDRATE                                 0                 0                                 0   88.17                        642           35.54     3YR                                                             0           0           0               0
     2503191801       SFR                               1     OO        PURCHASE              N                             11.75                11.75               76250              76203.66               1/1/2007             12/1/2021                   769.67      180      25     IL                   2/1/2007        Y                 305000                   2          0             769.67                                                                               60634           11/2/2006              2      TB1630_BALLOON                                   0            305000                                 0     100                        676           40.75     NO-PREPAY                                                       0           0           0               0
     2503191823       PUD                               1     NOO       REFI                  Y                              12.6                 12.6               50000              49969.92               1/1/2007             12/1/2021                   537.51      180      20     TX                   2/1/2007        Y                 250000                   2          0             537.51                                                                               78746          11/20/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        746              36     NO-PREPAY                                                       0           0           0               0
     2503191861       SFR                               1     NOO       REFI                  Y                             13.99                13.99              132000             131926.89              12/1/2006             11/1/2021                  1562.99      180      15     CA                   2/1/2007        Y                 880000                   2          0            1562.99                                                                               94563           11/3/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        657           26.14     NO-PREPAY                                                       0           0           0               0
     2503191867       2-4FAMILY                         2     OO        PURCHASE              N                               7.4                  7.4              438750                438750               1/1/2007             12/1/2036                  2705.63      360      75     NY                   2/1/2007        N                 585000                   1          3            2705.63                                                                               10466          11/30/2006              2      PA1605EI_ARM-INTONLY                             0            585000                            146250     100                        662           45.86     1YR                                        12/1/2011            6           3           1               3
     2503191868       2-4FAMILY                         2     OO        PURCHASE              N                             12.24                12.24              146250             146170.26               1/1/2007             12/1/2021                  1531.42      180      25     NY                   2/1/2007        Y                 585000                   2          0            1531.42                                                                               10466          11/30/2006              2      TB1630_BALLOON                                   0            585000                                 0     100                        662           45.86     NO-PREPAY                                                       0           0           0               0
     2503191878       2-4FAMILY                         4     NOO       PURCHASE              N                             6.375                6.375              712500                712500               1/1/2007             12/1/2036                  3785.16      360      75     CA                   2/1/2007        N                 975000                   1          3            3785.16                                                                               90026          11/15/2006              2      PA0605EI_ARM-INTONLY                             0            950000                            142500      90                        691            36.8     3YR                                        12/1/2011            6           3           1               3
     2503191879       2-4FAMILY                         4     NOO       PURCHASE              N                             12.25                12.25              142500             142422.48               1/1/2007             12/1/2021                  1493.25      180      15     CA                   2/1/2007        Y                 975000                   2          0            1493.25                                                                               90026          11/15/2006              2      TB0630_BALLOON                                   0            950000                                 0      90                        691            36.8     3YR                                                             0           0           0               0
     2503191880       CONDO                             1     NOO       REFI                  Y                                 7                    7              326250              325713.6               1/1/2007             12/1/2036                  2170.55      360      75     CA                   2/1/2007        N                 435000                   1          3            2170.55                                                                               94109          11/29/2006             17      PA0605E_ARM                                      0                 0                                 0      75                        743           13.15     2YR                                        12/1/2011            6           3           1               3
     2503191893       SFR                               1     NOO       REFI                  N                             11.99                11.99               81000              80929.63              12/1/2006             11/1/2021                   832.55      180      20     CA                   2/1/2007        Y                 405000                   2          0             832.55                                                                               92571          10/31/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        715           44.79     3YR                                                             0           0           0               0
     2503191911       SFR                               1     NOO       PURCHASE              N                             13.35                13.35               39000              38975.02              12/1/2006             11/1/2021                   442.11      180      20     MN                   2/1/2007        Y                 201991                   2          0             442.11                                                                               55411          10/31/2006              2      TB1630_BALLOON                                   0            195000                                 0      95                        647           45.33     NO-PREPAY                                                       0           0           0               0
     2503191917       2-4FAMILY                         4     NOO       PURCHASE              N                             12.44                12.44               82000              81957.24               1/1/2007             12/1/2021                   871.34      180      20     MN                   2/1/2007        Y                 415000                   2          0             871.34                                                                               55106          11/14/2006              2      TB0630_BALLOON                                   0            410000                                 0      90                        724            26.3     NO-PREPAY                                                       0           0           0               0
     2503191970       SFR                               1     NOO       PURCHASE              N                                12                   12               42000              41963.58              12/1/2006             11/1/2021                   432.02      180      20     CO                   2/1/2007        Y                 210000                   2          0             432.02                                                                               80550          10/30/2006              2      TB0630_BALLOON                                   0            210000                                 0      95                        788           25.59     NO-PREPAY                                                       0           0           0               0
     2503192004       CONDO                             1     OO        PURCHASE              N                              12.5                 12.5               66250               66198.6              12/1/2006             11/1/2021                   707.06      180      25     CA                   2/1/2007        Y                 265000                   2          0             707.06                                                                               92337           11/6/2006              2      TB2630_BALLOON                                   0            265000                                 0     100                        639           39.03     3YR                                                             0           0           0               0
     2503192032       2-4FAMILY                         2     NOO       PURCHASE              N                             13.99                13.99               67500              67475.23               1/1/2007             12/1/2021                   799.25      180      25     MN                   2/1/2007        Y                 270000                   2          0             799.25                                                                               55411          11/10/2006              2      TB1630_BALLOON                                   0            270000                                 0      95                        661           48.14     NO-PREPAY                                                       0           0           0               0
     2503192037       SFR                               1     OO        PURCHASE              N                             13.25                13.25               90100              90040.95              12/1/2006             11/1/2021                  1014.32      180      25     NY                   2/1/2007        Y                 361000                   2          0            1014.32                                                                               11706           11/3/2006              2      TB2630_BALLOON                                   0            360400                                 0     100                        629           38.89     NO-PREPAY                                                       0           0           0               0
     2503192096       SFR                               1     OO        REFI                  Y                              12.5                 12.5               31000               30944.5               1/1/2007             12/1/2021                   330.85      180      10     WA                   2/1/2007        Y                 310000                   2          0             330.85                                                                               98042          11/13/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        642           35.75     NO-PREPAY                                                       0           0           0               0
     2503192100       SFR                               1     OO        REFI                  Y                            11.875               11.875               32700              32680.67               1/1/2007             12/1/2021                   333.21      180      15     OR                   2/1/2007        Y                 218000                   2          0             333.21                                                                               97146          11/14/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        648           41.95     1YR                                                             0           0           0               0
     2503192104       CONDO                             1     OO        REFI                  Y                             12.75                12.75               92250              92182.35              12/1/2006             11/1/2021                  1002.47      180      25     CA                   2/1/2007        Y                 369000                   2          0            1002.47                                                                               92618           11/7/2006              2      TB2630_BALLOON                                   0                 0                                 0     100                        625           37.57     3YR                                                             0           0           0               0
     2503192175       SFR                               1     OO        REFI                  Y                             11.49                11.49               28500              28470.74              12/1/2006             11/1/2021                   282.02      180      10     CA                   2/1/2007        Y                 285000                   2          0             282.02                                                                               92311           11/6/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        647           38.27     3YR                                                             0           0           0               0
     2503192185       SFR                               1     OO        REFI                  N                             11.85                11.85               72500              72435.04              12/1/2006             11/1/2021                   737.38      180      10     CA                   2/1/2007        Y                 725000                   2          0             737.38                                                                               94503          10/20/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        672           38.26     3YR                                                             0           0           0               0
     2503192261       SFR                               1     OO        REFI                  Y                              11.8                 11.8               66500              66460.02               1/1/2007             12/1/2021                   673.81      180      10     CA                   2/1/2007        Y                 665000                   2          0             673.81                                                                               95037          11/14/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        641           39.14     2YR                                                             0           0           0               0
     2503192290       HI-RISE                           1     2ND       PURCHASE              N                              6.75                 6.75              180800                180800               2/1/2007              1/1/2037                     1017      360   69.99     CA                   2/1/2007        N                 290000                   1          3               1017                                                                               92101           12/8/2006              2      PA0605EI_ARM-INTONLY                             0            258346                             64550   94.97                        687           35.79     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503192312       SFR                               1     NOO       PURCHASE              N                             11.75                11.75               53400              53348.04              12/1/2006             11/1/2021                   539.02      180      20     FL                   2/1/2007        Y                 267000                   2          0             539.02                                                                               32807          10/31/2006              2      TB0630_BALLOON                                   0            267000                                 0      95                        745           31.16     1YR                                                             0           0           0               0
     2503192316       CONDO                             1     2ND       PURCHASE              N                             8.163                8.163              183150                183150               1/1/2007             12/1/2036                  1245.88      360   79.99     FL                   2/1/2007        N                 234000                   1          3            1245.88                                                                               33190          11/28/2006              1      PA1605EI_ARM-INTONLY                             0            228990                                 0   79.99                        640           30.28     3YR                                        12/1/2011            6           3           1               3
     2503192331       CONDO                             1     2ND       PURCHASE              N                             12.25                12.25               24450              24132.98              12/1/2006             11/1/2021                   256.21      180      15     FL                   2/1/2007        Y                 163000                   2          0             256.21                                                                               33172          10/31/2006              2      TB0630_BALLOON                                   0            163000                                 0      90                        807           36.02     NO-PREPAY                                                       0           0           0               0
     2503192354       SFR                               1     OO        REFI                  N                             10.99                10.99               53100               53017.3              12/1/2006             11/1/2021                   505.28      180      10     CA                   2/1/2007        Y                 531000                   2          0             505.28                                                                               92407          10/27/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        675           36.88     3YR                                                             0           0           0               0
     2503192365       SFR                               1     OO        REFI                  N                              6.25                 6.25              496000                496000               1/1/2007             12/1/2036                  2583.33      360   79.24     CA                   2/1/2007        N                 626000                   1          3            2583.33                                                                               94536          11/30/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   79.24                        748           41.16     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503192366       SFR                               1     OO        PURCHASE              N                             12.74                12.74              147000             146928.34               1/1/2007             12/1/2021                  1596.29      180      30     CA                   2/1/2007        Y                 493000                   2          0            1596.29                                                                               91722          11/21/2006              2      TB2630_BALLOON                                   0            490000                                 0     100                        629           41.82     3YR                                                             0           0           0               0
     2503192376       SFR                               1     OO        REFI                  Y                             11.99                11.99               55000              54952.21              12/1/2006             11/1/2021                   565.31      180      20     CA                   2/1/2007        Y                 275000                   2          0             565.31                                                                               95991           11/2/2006              1      TB1630_BALLOON                                   0                 0                                 0     100                        646           37.65     NO-PREPAY                                                       0           0           0               0
     2503192397       SFR                               1     OO        PURCHASE              N                             11.75                11.75               20500              20481.22              12/1/2006             11/1/2021                   206.93      180       5     CA                   2/1/2007        Y                 412000                   2          0             206.93                                                                               92879          10/31/2006              2      TB1630_BALLOON                                   0            410000                                 0      85                        653           35.56     NO-PREPAY                                                       0           0           0               0
     2503192429       SFR                               1     OO        REFI                  N                             11.45                11.45               59000              58942.21              12/1/2006             11/1/2021                   582.02      180      10     CA                   2/1/2007        Y                 590000                   2          0             582.02                                                                               95667          10/31/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        648           38.79     3YR                                                             0           0           0               0
     2503192496       CONDO                             1     OO        REFI                  N                             12.55                12.55               57000              56956.27              12/1/2006             11/1/2021                   610.55      180      20     FL                   2/1/2007        Y                 285000                   2          0             610.55                                                                               33126          10/31/2006              2      TB1630_BALLOON                                   0                 0                                 0     100                        649           39.18     3YR                                                             0           0           0               0
     2503192520       SFR                               1     OO        PURCHASE              N                              12.5                 12.5              116800             116709.39              12/1/2006             11/1/2021                  1246.56      180      20     CA                   2/1/2007        Y                 584000                   2          0            1246.56                                                                               93004          10/30/2006              2      TB2630_BALLOON                                   0            584000                                 0     100                        625           42.49     3YR                                                             0           0           0               0
     2503192559       SFR                               1     OO        REFI                  Y                              12.3                 12.3               60000              59967.72               1/1/2007             12/1/2021                   631.06      180      20     IL                   2/1/2007        Y                 300000                   2          0             631.06                                                                               60441           11/7/2006              2      TB1630_BALLOON                                   0                 0                                 0     100                        667           44.64     NO-PREPAY                                                       0           0           0               0
     2503192560       SFR                               1     NOO       REFI                  Y                              6.49                 6.49              250000             249545.88               2/1/2007              1/1/2037                  1578.53      360   60.98     NY                   2/1/2007        N                 410000                   1          3            1578.53                                                                               11575           12/5/2006              8      SA1605E_ARM                                      0                 0                                 0   60.98                        668               0     1YR                                         1/1/2012            6           3           1               3
     2503192566       2-4FAMILY                         2     OO        PURCHASE              N                             13.55                13.55              162500             162400.51              12/1/2006             11/1/2021                  1867.69      180      25     NY                   2/1/2007        Y                 650000                   2          0            1867.69                                                                               11236          10/31/2006              2      TB2630_BALLOON                                   0            650000                                 0     100                        628            46.1     NO-PREPAY                                                       0           0           0               0
     2503192578       2-4FAMILY                         3     OO        PURCHASE              N                              12.8                 12.8              177500             177414.61               1/1/2007             12/1/2021                   1935.8      180      25     NY                   2/1/2007        Y                 710000                   2          0             1935.8                                                                               11207          11/15/2006              2      TB1630_BALLOON                                   0            710000                                 0     100                        643           43.51     NO-PREPAY                                                       0           0           0               0
     2503192591       SFR                               1     OO        PURCHASE              N                             11.75                11.75               88750              88696.06               1/1/2007             12/1/2021                   895.85      180      25     CA                   2/1/2007        Y                 355000                   2          0             895.85                                                                               93552          11/13/2006              2      TB1630_BALLOON                                   0            355000                                 0     100                        641           41.25     3YR                                                             0           0           0               0
     2503192612       SFR                               1     OO        REFI                  Y                             6.125                6.125              487500                487500               1/1/2007             12/1/2036                  2488.28      360      75     CA                   2/1/2007        N                 650000                   1          3            2488.28                                                                               92504          11/30/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            162500     100                        704           38.51     3YR                                        12/1/2011            6           3           1               3
     2503192691       SFR                               1     OO        REFI                  N                             5.155                5.155              536000             535324.01               1/1/2007             12/1/2036                  2639.84      360      80     HI                   2/1/2007        Y                 670000                   1          3            2639.84                                                                               96817          11/30/2006              2      PL0605E_ARM-BALLOON                              0                 0                                 0      80                        720            42.8     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503192715       CONDO                             1     NOO       PURCHASE              N                            12.975               12.975               74236              74184.23              12/1/2006             11/1/2021                   819.75      180      15     CA                   2/1/2007        Y                 494910                   2          0             819.75                                                                               91103           11/7/2006              2      TB0630_BALLOON                                   0            494910                                 0      90                        690           34.03     NO-PREPAY                                                       0           0           0               0
     2503192736       SFR                               1     OO        PURCHASE              N                             12.05                12.05               79500              79450.54               1/1/2007             12/1/2021                   820.81      180      25     FL                   2/1/2007        Y                 335000                   2          0             820.81                                                                               33408          11/16/2006              2      TB1630_BALLOON                                   0            318000                                 0     100                        662           37.76     NO-PREPAY                                                       0           0           0               0
     2503192738       SFR                               1     NOO       PURCHASE              N                             9.055                9.055              225000             224905.07               1/1/2007             12/1/2036                   1745.1      360      90     FL                   2/1/2007        Y                 250000                   1      4.375             1745.1                                                                               34986          11/29/2006              2      PL2405E_ARM-BALLOON                             25            250000                                 0      90                        623            44.8     3YR                                        12/1/2011            6           3           1           4.375
     2503192780       CONDO                             1     OO        PURCHASE              N                             12.29                12.29              114750             114688.13               1/1/2007             12/1/2021                  1206.01      180      25     CA                   2/1/2007        Y                 459000                   2          0            1206.01                                                                               92630           11/8/2006              2      TB1630_BALLOON                                   0            459000                                 0     100                        644           42.42     3YR                                                             0           0           0               0
     2503192790       D-PUDS                            1     NOO       PURCHASE              N                               6.4                  6.4              101200             101106.72               2/1/2007              1/1/2037                   633.01      360   74.97     TX                   2/1/2007        N                 135000                   1          0             633.01                                                                               77318          12/27/2006              2      PF0630_FIXEDRATE                                 0            134990                             20200   89.94                        688           29.13     NO-PREPAY                                                       0           0           0               0
     2503192791       D-PUDS                            1     NOO       PURCHASE              N                             12.35                12.35               20200              20198.64               2/1/2007              1/1/2022                   213.24      180   14.97     TX                   2/1/2007        Y                 135000                   2          0             213.24                                                                               77318          12/27/2006              2      TB0630_BALLOON                                   0            134990                                 0   89.94                        688           28.22     NO-PREPAY                                                       0           0           0               0
     2503192799       HI-RISE                           1     OO        REFI                  Y                            12.875               12.875              104000             103925.81              12/1/2006             11/1/2021                   1140.3      180      20     HI                   2/1/2007        Y                 520000                   2          0             1140.3                                                                               96826          10/31/2006              2      TB1630_BALLOON                                   0                 0                                 0     100                        646            43.7     NO-PREPAY                                                       0           0           0               0
     2503192818       SFR                               1     OO        PURCHASE              N                               7.1                  7.1              387550                387550               2/1/2007              1/1/2037                     2293      360      80     HI                   2/1/2007        N                 490000                   1          0               2293                                                                               96743          12/13/2006              2      PF1630I_FIX-INTONLY                              0            484494                             96900     100                        657           44.03     3YR                                                             0           0           0               0
     2503192819       SFR                               1     OO        PURCHASE              N                              11.9                 11.9               96900              96871.66               2/1/2007              1/1/2022                   989.27      180   20.01     HI                   2/1/2007        Y                 490000                   2          0             989.27                                                                               96743          12/13/2006              2      TB1630_BALLOON                                   0            484494                                 0     100                        657           44.03     3YR                                                             0           0           0               0
     2503192881       SFR                               1     OO        PURCHASE              N                              12.5                 12.5               90981               90934.2               1/1/2007             12/1/2021                      971      180      25     CA                   2/1/2007        Y                 365000                   2          0                971                                                                               93535          11/10/2006              2      TB2630_BALLOON                                   0            363926                                 0     100                        632           49.14     3YR                                                             0           0           0               0
     2503192917       CONDO                             1     OO        PURCHASE              N                             12.74                12.74               42000              41956.73               1/1/2007             12/1/2021                   456.08      180   24.57     FL                   2/1/2007        Y                 192000                   2          0             456.08                                                                               32822          11/13/2006              2      TB1630_BALLOON                                   0            170990                                 0   99.57                        642           45.82     3YR                                                             0           0           0               0
     2503192941       2-4FAMILY                         3     OO        PURCHASE              N                             12.14                12.14               66000              65928.89               1/1/2007             12/1/2021                   686.01      180      20     RI                   2/1/2007        Y                 340000                   2          0             686.01                                                                               02907           11/3/2006              2      TB1630_BALLOON                                   0            330000                                 0     100                        663           39.47     1YR                                                             0           0           0               0
     2503192974       SFR                               1     OO        REFI                  Y                              12.5                 12.5               75000              74941.83              12/1/2006             11/1/2021                   800.44      180      15     MD                   2/1/2007        Y                 500000                   2          0             800.44                                                                               21108           11/3/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        649           44.55     NO-PREPAY                                                       0           0           0               0
     2503192976       CONDO                             1     NOO       REFI                  Y                             12.75                12.75              114000             113916.38              12/1/2006             11/1/2021                  1238.83      180      20     CA                   2/1/2007        Y                 570000                   2          0            1238.83                                                                               92653           11/3/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        707           47.64     1YR                                                             0           0           0               0
     2503193020       SFR                               1     OO        PURCHASE              N                              12.5                 12.5               90000              89930.19              12/1/2006             11/1/2021                   960.53      180      20     CA                   2/1/2007        Y                 465000                   2          0             960.53                                                                               95624           11/6/2006              2      TB2630_BALLOON                                   0            450000                                 0      95                        635           38.18     2YR                                                             0           0           0               0
     2503193022       SFR                               1     OO        PURCHASE              N                                12                   12               64500               64462.9               1/1/2007             12/1/2021                   663.46      180      25     IL                   2/1/2007        Y                 266000                   2          0             663.46                                                                               60160           11/8/2006              2      TB2630_BALLOON                                   0            258000                                 0     100                        627           43.09     NO-PREPAY                                                       0           0           0               0
     2503193031       SFR                               1     OO        REFI                  Y                              12.7                 12.7              160000             159921.29               1/1/2007             12/1/2021                  1732.48      180   13.34     CA                   2/1/2007        Y                1200000                   2          0            1732.48                                                                               92131          11/21/2006              2      TB2630_BALLOON                                   0                 0                                 0   88.34                        620           44.84     NO-PREPAY                                                       0           0           0               0
     2503193035       SFR                               1     NOO       PURCHASE              N                             13.75                13.75               98250               98211.9               1/1/2007             12/1/2021                  1144.72      180      15     WA                   2/1/2007        Y                 900000                   2          0            1144.72                                                                               98014          11/13/2006              2      TB0630_BALLOON                                   0            655000                                 0      95                        694           44.04     NO-PREPAY                                                       0           0           0               0
     2503193130       CONDO                             1     OO        PURCHASE              N                              6.05                 6.05              159750             159670.87               2/1/2007              1/1/2037                   884.54      360      75     FL                   2/1/2007        Y                 214000                   1          3             884.54                                                                               33183           12/8/2006              2      PL0605E_ARM-BALLOON                              0            213000                             53250     100                        706           33.27     3YR                                         1/1/2012            6           3           1               3
     2503193135       SFR                               1     OO        REFI                  Y                              12.5                 12.5               60700              60668.76               1/1/2007             12/1/2021                   647.83      180      20     CA                   2/1/2007        Y                 303500                   2          0             647.83                                                                               92346           11/9/2006              2      TB2630_BALLOON                                   0                 0                                 0     100                        624           32.43     1YR                                                             0           0           0               0
     2503193140       SFR                               1     OO        REFI                  Y                             6.375                6.375              331500                331500               1/1/2007             12/1/2036                  1761.09      360      75     MD                   2/1/2007        N                 442000                   1          3            1761.09                                                                               20906          11/28/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             43500   84.85                        646           40.11     3YR                                        12/1/2011            6           3           1               3
     2503193143       SFR                               1     OO        REFI                  Y                              12.4                 12.4               66250              66215.14               1/1/2007             12/1/2021                   701.92      180   17.67     CA                   2/1/2007        Y                 375000                   2          0             701.92                                                                               95621          11/17/2006              2      TB2630_BALLOON                                   0                 0                                 0   92.67                        621           42.19     3YR                                                             0           0           0               0
     2503193158       HI-RISE                           1     NOO       PURCHASE              N                              6.92                 6.92              170925                170925               2/1/2007              1/1/2037                   985.67      360      75     FL                   2/1/2007        N                 275000                   1          3             985.67                                                                               33308          12/20/2006              2      PA0605EI_ARM-INTONLY                             0            227900                             45550   94.99                        739           37.82     3YR                                         1/1/2012            6           3           1               3
     2503193161       HI-RISE                           1     NOO       PURCHASE              N                            12.875               12.875               45550              45539.28               2/1/2007              1/1/2022                   499.43      180   19.99     FL                   2/1/2007        Y                 275000                   2          0             499.43                                                                               33308          12/20/2006              2      TB0630_BALLOON                                   0            227900                                 0   94.99                        739           37.02     NO-PREPAY                                                       0           0           0               0
     2503193170       HI-RISE                           1     NOO       PURCHASE              N                               6.9                  6.9              246750                246750               2/1/2007              1/1/2037                  1418.81      360    74.8     FL                   2/1/2007        N                 340000                   1          3            1418.81                                                                               33308          12/15/2006              2      PA0605EI_ARM-INTONLY                             0            329900                             49350   89.76                        742           41.41     3YR                                         1/1/2012            6           3           1               3
     2503193174       HI-RISE                           1     NOO       PURCHASE              N                             12.75                12.75               49350              49338.06               2/1/2007              1/1/2022                   536.28      180   14.96     FL                   2/1/2007        Y                 340000                   2          0             536.28                                                                               33308          12/15/2006              2      TB0630_BALLOON                                   0            329900                                 0   89.76                        742           41.41     NO-PREPAY                                                       0           0           0               0
     2503193269       SFR                               1     OO        PURCHASE              N                             12.66                12.66               50400              50307.53              12/1/2006             11/1/2021                   544.16      180      20     CA                   2/1/2007        Y                 252000                   2          0             544.16                                                                               95817          10/30/2006              2      TB2630_BALLOON                                   0            252000                                 0     100                        639            35.6     1YR                                                             0           0           0               0
     2503193301       SFR                               1     OO        REFI                  N                             6.238                6.238              588000                588000               1/1/2007             12/1/2036                  3056.62      360      80     VA                   2/1/2007        N                 735000                   1          3            3056.62                                                                               22193          11/21/2006              2      PA1605EI_ARM-INTONLY                             0                 0                            147000     100                        661           43.36     3YR                                        12/1/2011            6           3           1               3
     2503193302       SFR                               1     OO        REFI                  Y                             11.19                11.19              147000             146898.97               1/1/2007             12/1/2021                  1421.06      180      20     VA                   2/1/2007        Y                 735000                   2          0            1421.06                                                                               22193          11/21/2006              2      TB1630_BALLOON                                   0                 0                                 0     100                        661           43.36     3YR                                                             0           0           0               0
     2503193304       SFR                               1     OO        REFI                  N                              6.99                 6.99              264000                264000               2/1/2007              1/1/2037                   1537.8      360      80     CA                   2/1/2007        N                 330000                   1          4             1537.8                                                                               95660          12/19/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             66000     100                        654           39.89     2YR                                         1/1/2012            6           3           1               4
     2503193357       SFR                               1     OO        PURCHASE              N                             11.89                11.89               38700              38677.19               1/1/2007             12/1/2021                    394.8      180      15     FL                   2/1/2007        Y                 265000                   2          0              394.8                                                                               32712          11/13/2006              2      TB1630_BALLOON                                   0            258000                                 0      95                        658           26.52     2YR                                                             0           0           0               0
     2503193379       CONDO                             1     OO        PURCHASE              N                             13.34                13.34               53450              53427.25               1/1/2007             12/1/2021                    605.5      180   24.99     FL                   2/1/2007        Y                 214000                   2          0              605.5                                                                               33021          11/15/2006              2      TB1630_BALLOON                                   0            213900                                 0   99.98                        649            47.1     1YR                                                             0           0           0               0
     2503193385       SFR                               1     OO        REFI                  Y                            11.675               11.675               30000              29972.06              12/1/2006             11/1/2021                    301.1      180      10     CA                   2/1/2007        Y                 300000                   2          0              301.1                                                                               93307          10/31/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        643           29.22     3YR                                                             0           0           0               0
     2503193400       SFR                               1     NOO       PURCHASE              N                              12.2                 12.2               37600              37568.81              12/1/2006             11/1/2021                   392.56      180      20     CA                   2/1/2007        Y                 188000                   2          0             392.56                                                                               93235           11/6/2006              2      TB0630_BALLOON                                   0            188000                                 0      95                        754           41.09     1YR                                                             0           0           0               0
     2503193427       SFR                               1     OO        PURCHASE              N                             11.55                11.55               76000              75889.47              12/1/2006             11/1/2021                   755.52      180      20     CA                   2/1/2007        Y                 380000                   2          0             755.52                                                                               92324           11/1/2006              2      TB1630_BALLOON                                   0            380000                                 0     100                        664           44.99     1YR                                                             0           0           0               0
     2503193442       SFR                               1     OO        REFI                  Y                             11.29                11.29               21000              20985.89               1/1/2007             12/1/2021                    204.6      180    9.93     AZ                   2/1/2007        Y                 211500                   2          0              204.6                                                                               85210          11/10/2006              2      TB1630_BALLOON                                   0                 0                                 0   89.37                        660           36.96     3YR                                                             0           0           0               0
     2503193444       2-4FAMILY                         3     OO        PURCHASE              N                             12.49                12.49              137500             137393.11              12/1/2006             11/1/2021                  1466.41      180      25     NY                   2/1/2007        Y                 565000                   2          0            1466.41                                                                               10457          10/30/2006              2      TB1630_BALLOON                                   0            550000                                 0     100                        661           48.27     NO-PREPAY                                                       0           0           0               0
     2503193450       D-PUDS                            1     OO        REFI                  N                              6.85                 6.85              322500                322500               2/1/2007              1/1/2037                  1840.94      360   67.19     CA                   2/1/2007        N                 480000                   1          0            1840.94                                                                               92223          12/19/2006              2      PF1630I_FIX-INTONLY                              0                 0                                 0   67.19                        674            43.3     3YR                                                             0           0           0               0
     2503193461       SFR                               1     OO        PURCHASE              N                              11.6                 11.6               48000              47954.53              12/1/2006             11/1/2021                   479.01      180      20     AZ                   2/1/2007        Y                 240000                   2          0             479.01                                                                               85203           11/6/2006              2      TB1630_BALLOON                                   0            240000                                 0     100                        672           41.84     NO-PREPAY                                                       0           0           0               0
     2503193487       CONDO                             1     2ND       PURCHASE              N                             6.625                6.625              192300                192300               2/1/2007              1/1/2037                  1061.66      360   69.99     CA                   2/1/2007        N                 291000                   1          3            1061.66                                                                               92101          12/22/2006              2      PA0605EI_ARM-INTONLY                             0            274776                             68650   94.97                        682           44.12     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503193493       2-4FAMILY                         2     OO        PURCHASE              N                             7.875                7.875              562500                562500               1/1/2007             12/1/2036                  3691.41      360      75     NY                   2/1/2007        N                 750000                   1          3            3691.41                                                                               11433          11/27/2006              2      PA1605EI_ARM-INTONLY                             0            750000                            187500     100                        659           49.76     1YR                                        12/1/2011            6           3           1               3
     2503193498       2-4FAMILY                         2     OO        PURCHASE              N                             13.14                13.14              187500             187416.47               1/1/2007             12/1/2021                  2094.66      180      25     NY                   2/1/2007        Y                 750000                   2          0            2094.66                                                                               11433          11/27/2006              2      TB1630_BALLOON                                   0            750000                                 0     100                        659           49.54     NO-PREPAY                                                       0           0           0               0
     2503193558       CONDO                             1     OO        REFI                  N                              6.25                 6.25              344000             343881.25               1/1/2007             12/1/2036                  1791.67      360      80     CA                   2/1/2007        N                 430000                   1          3            1791.67                                                                               93906          11/21/2006              2      PA1405EI_ARM-INTONLY                             0                 0                             43000      90                        679           44.56     1YR                                        12/1/2011            6           3           1               3
     2503193574       SFR                               1     OO        REFI                  N                             6.875                6.875              750000                750000               2/1/2007              1/1/2037                  4296.88      360    62.5     MI                   2/1/2007        N                1200000                   1          3            4296.88                                                                               48304          12/14/2006              2      PA1405EI_ARM-INTONLY                             0                 0                            390000      95                        648           44.51     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503193575       SFR                               1     OO        REFI                  Y                             13.55                13.55              390000              389921.3               2/1/2007              1/1/2022                  4482.45      180    32.5     MI                   2/1/2007        Y                1200000                   2          0            4482.45                                                                               48304          12/14/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        648           44.51     NO-PREPAY                                                       0           0           0               0
     2503193609       D-PUDS                            1     OO        REFI                  Y                              11.8                 11.8               49500              49455.13              12/1/2006             11/1/2021                   501.56      180      15     MD                   2/1/2007        Y                 330000                   2          0             501.56                                                                               20601           11/6/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        670           41.21     NO-PREPAY                                                       0           0           0               0
     2503193627       SFR                               1     NOO       PURCHASE              N                              11.5                 11.5               73750              73678.61              12/1/2006             11/1/2021                   730.34      180      25     CA                   2/1/2007        Y                 300000                   2          0             730.34                                                                               92545           11/3/2006              2      TB0630_BALLOON                                   0            295000                                 0      95                        733           36.56     1YR                                                             0           0           0               0
     2503193669       SFR                               1     OO        REFI                  Y                            10.975               10.975               38700              38672.12               1/1/2007             12/1/2021                   367.82      180    5.91     CA                   2/1/2007        Y                 655000                   2          0             367.82                                                                               93955           11/7/2006              2      TB1630_BALLOON                                   0                 0                                 0   84.69                        665           38.93     3YR                                                             0           0           0               0
     2503193735       SFR                               1     OO        PURCHASE              N                            11.625               11.625               40400              40374.75               1/1/2007             12/1/2021                   403.94      180      20     AZ                   2/1/2007        Y                 204000                   2          0             403.94                                                                               85204          11/10/2006              2      TB1630_BALLOON                                   0            202000                                 0     100                        664           39.08     NO-PREPAY                                                       0           0           0               0
     2503193745       D-PUDS                            1     NOO       REFI                  N                              5.75                 5.75              180000                180000               1/1/2007             12/1/2036                    862.5      360   59.02     NV                   2/1/2007        N                 305000                   1          3              862.5                                                                               89032           12/4/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   59.02                        717            44.5     1YR                                        12/1/2011            6           3           1               3
     2503193806       TOWNHOUSE                         1     OO        REFI                  Y                            12.375               12.375               46250              46225.52               1/1/2007             12/1/2021                   489.13      180      25     IL                   2/1/2007        Y                 185000                   2          0             489.13                                                                               60544          11/20/2006              2      TB1630_BALLOON                                   0                 0                                 0     100                        658           35.66     NO-PREPAY                                                       0           0           0               0
     2503193826       HI-RISE                           1     NOO       PURCHASE              N                            13.525               13.525               30200              30187.67               1/1/2007             12/1/2021                   346.51      180      20     FL                   2/1/2007        Y                 164000                   2          0             346.51                                                                               33014           9/16/2006              2      TB0630_BALLOON                                   0            151000                                 0      95                        760           49.07     NO-PREPAY                                                       0           0           0               0
     2503193839       SFR                               1     NOO       REFI                  Y                             11.85                11.85              118000             117929.84               1/1/2007             12/1/2021                  1200.16      180      20     CA                   2/1/2007        Y                 590000                   2          0            1200.16                                                                               95023           11/6/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        729           48.86     2YR                                                             0           0           0               0
     2503193852       SFR                               1     NOO       PURCHASE              N                             13.89                13.89               40000              39984.97               1/1/2007             12/1/2021                   470.47      180      20     FL                   2/1/2007        Y                 200000                   2          0             470.47                                                                               34207           11/3/2006              2      TB1630_BALLOON                                   0            200000                                 0      95                        655           30.15     NO-PREPAY                                                       0           0           0               0
     2503193871       SFR                               1     OO        PURCHASE              N                             11.85                11.85               37000              36948.03              12/1/2006             11/1/2021                   376.32      180      20     FL                   2/1/2007        Y                 185000                   2          0             376.32                                                                               33055          10/30/2006              2      TB1630_BALLOON                                   0            185000                                 0     100                        673           48.77     2YR                                                             0           0           0               0
     2503193884       D-PUDS                            1     OO        PURCHASE              N                             11.99                11.99              116250             116148.97              12/1/2006             11/1/2021                  1194.87      180      25     FL                   2/1/2007        Y                 470000                   2          0            1194.87                                                                               33196          10/31/2006              2      TB1630_BALLOON                                   0            465000                                 0     100                        658           38.77     3YR                                                             0           0           0               0
     2503193910       SFR                               1     NOO       REFI                  Y                              6.35                 6.35              341250                341250               1/1/2007             12/1/2036                  1805.78      360      65     CA                   2/1/2007        N                 525000                   1          3            1805.78                                                                               91790           12/4/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      65                        676           44.81     3YR                                        12/1/2011            6           3           1               3
     2503193935       SFR                               1     OO        REFI                  Y                             12.55                12.55              139000             138929.29               1/1/2007             12/1/2021                  1488.88      180      20     CA                   2/1/2007        Y                 695000                   2          0            1488.88                                                                               92701          11/17/2006              2      TB1630_BALLOON                                   0                 0                                 0     100                        652           41.81     1YR                                                             0           0           0               0
     2503193981       SFR                               1     OO        REFI                  Y                             12.29                12.29              112000             111939.61               1/1/2007             12/1/2021                  1177.11      180      20     PA                   2/1/2007        Y                 560000                   2          0            1177.11                                                                               18901           11/9/2006              2      TB1630_BALLOON                                   0                 0                                 0     100                        667            21.8     3YR                                                             0           0           0               0
     2503194017       D-PUDS                            1     OO        PURCHASE              N                               6.9                  6.9              560000                560000               1/1/2007             12/1/2036                     3220      360      80     HI                   2/1/2007        N                 700000                   1          3               3220                                                                               96720          11/29/2006              2      PA1605EI_ARM-INTONLY                             0            700000                            140000     100                        644           42.08     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503194019       SFR                               1     NOO       PURCHASE              N                              9.05                 9.05              103500             103444.05               2/1/2007              1/1/2037                   836.51      360      90     FL                   2/1/2007        N                 116000                   1      3.625             836.51                                                                               33712          12/12/2006             17      PA0405E_ARM                                     25            115000                                 0      90                        705            34.4     NO-PREPAY                                   1/1/2012            6           3           1           3.625
     2503194147       SFR                               1     OO        REFI                  Y                            12.625               12.625               78000              77960.99               1/1/2007             12/1/2021                   840.03      180   19.95     IL                   2/1/2007        Y                 391000                   2          0             840.03                                                                               60142           12/1/2006              2      TB2630_BALLOON                                   0                 0                                 0   94.95                        632              35     NO-PREPAY                                                       0           0           0               0
     2503194157       D-PUDS                            1     NOO       PURCHASE              N                            12.725               12.725              100000              99950.83               1/1/2007             12/1/2021                  1084.75      180      20     VA                   2/1/2007        Y                 538000                   2          0            1084.75                                                                               20136           11/7/2006              2      TB0630_BALLOON                                   0            500000                                 0      95                        685            46.6     NO-PREPAY                                                       0           0           0               0
     2503194201       SFR                               1     OO        REFI                  Y                              11.7                 11.7               48750              48720.04               1/1/2007             12/1/2021                   490.22      180      15     CA                   2/1/2007        Y                 325000                   2          0             490.22                                                                               92301          11/13/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        652           31.79     3YR                                                             0           0           0               0
     2503194241       2-4FAMILY                         3     OO        PURCHASE              N                             13.25                13.25              135150             135091.28               1/1/2007             12/1/2021                  1521.48      180      25     NY                   2/1/2007        Y                 560000                   2          0            1521.48                                                                               10453           11/3/2006              2      TB1630_BALLOON                                   0            540600                                 0     100                        655           42.77     NO-PREPAY                                                       0           0           0               0
     2503194291       2-4FAMILY                         3     OO        REFI                  N                              6.42                 6.42              502500                502500               2/1/2007              1/1/2037                  2688.38      360      75     NY                   2/1/2007        N                 670000                   1          3            2688.38                                                                               11207          12/20/2006              2      PA0602EI_ARM-INTONLY                             0                 0                            167500     100                        680           44.12     1YR                                         1/1/2009            6           3           1               3
     2503194307       SFR                               1     NOO       REFI                  Y                            13.875               13.875               85000              84951.66              12/1/2006             11/1/2021                   998.74      180      17     CA                   2/1/2007        Y                 500000                   2          0             998.74                                                                               91352          10/30/2006              2      TB1630_BALLOON                                   0                 0                                 0      92                        657           30.77     NO-PREPAY                                                       0           0           0               0
     2503194313       CONDO                             1     NOO       PURCHASE              N                             14.09                14.09               57000              56979.56               1/1/2007             12/1/2021                   679.44      180      20     FL                   2/1/2007        Y                 285000                   2          0             679.44                                                                               33444          11/14/2006              2      TB1630_BALLOON                                   0            285000                                 0      95                        648           45.32     2YR                                                             0           0           0               0
     2503194375       D-PUDS                            1     OO        REFI                  Y                             6.363                6.363              155000             154711.45               1/1/2007             12/1/2036                   965.78      360   66.24     FL                   2/1/2007        N                 234000                   1          3             965.78                                                                               33189          11/30/2006              2      PA1605E_ARM                                      0                 0                                 0   66.24                        655            40.2     2YR                                        12/1/2011            6           3           1               3
     2503194376       D-PUDS                            1     OO        PURCHASE              N                             12.99                12.99              112500             112448.14               1/1/2007             12/1/2021                   1243.6      180      25     FL                   2/1/2007        Y                 450000                   2          0             1243.6                                                                               33027           11/7/2006              2      TB1630_BALLOON                                   0            450000                                 0     100                        644           43.56     NO-PREPAY                                                       0           0           0               0
     2503194415       SFR                               1     NOO       PURCHASE              N                             12.35                12.35               50400              50373.18               1/1/2007             12/1/2021                   532.04      180      20     FL                   2/1/2007        Y                 255000                   2          0             532.04                                                                               34232          11/14/2006              2      TB0630_BALLOON                                   0            252000                                 0      95                        691           35.33     NO-PREPAY                                                       0           0           0               0
     2503194473       D-PUDS                            1     OO        PURCHASE              N                             6.825                6.825              164000                164000               1/1/2007             12/1/2036                   932.75      360      80     AZ                   2/1/2007        N                 210000                   1          3             932.75                                                                               85242          11/30/2006              2      PA1605EI_ARM-INTONLY                             0            205000                             41000     100                        666           48.31     1YR                                        12/1/2011            6           3           1               3
     2503194474       D-PUDS                            1     OO        PURCHASE              N                                12                   12               41000              40976.42               1/1/2007             12/1/2021                   421.73      180      20     AZ                   2/1/2007        Y                 205000                   2          0             421.73                                                                               85242          11/30/2006              2      TB1630_BALLOON                                   0            205000                                 0     100                        666           46.91     1YR                                                             0           0           0               0
     2503194495       HI-RISE                           1     NOO       PURCHASE              N                             14.55                14.55               44250              44228.45              12/1/2006             11/1/2021                   543.63      180      15     HI                   2/1/2007        Y                 295000                   2          0             543.63                                                                               96818           11/3/2006              2      TB1630_BALLOON                                   0            295000                                 0      95                        659           41.14     NO-PREPAY                                                       0           0           0               0
     2503194500       HI-RISE                           1     NOO       PURCHASE              N                              13.5                 13.5               35200              35185.54               1/1/2007             12/1/2021                   403.19      180   20.02     FL                   2/1/2007        Y                 176000                   2          0             403.19                                                                               33162          11/17/2006              2      TB1630_BALLOON                                   0            175900                                 0      95                        650           43.44     3YR                                                             0           0           0               0
     2503194502       SFR                               1     OO        PURCHASE              N                              12.5                 12.5               81000              80958.32               1/1/2007             12/1/2021                   864.48      180      20     CA                   2/1/2007        Y                 405000                   2          0             864.48                                                                               93927          11/13/2006              2      TB1630_BALLOON                                   0            405000                                 0     100                        655            45.1     1YR                                                             0           0           0               0
     2503194540       SFR                               1     OO        REFI                  N                              6.25                 6.25              509845                509845               1/1/2007             12/1/2036                  2655.44      360      75     CA                   2/1/2007        N                 679794                   1          3            2655.44                                                                               91910          11/27/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             81000   86.92                        652           46.64     3YR                                        12/1/2011            6           3           1               3
     2503194541       SFR                               1     OO        REFI                  Y                             11.65                11.65               81000              80949.67               1/1/2007             12/1/2021                   811.42      180   11.92     CA                   2/1/2007        Y                 679794                   2          0             811.42                                                                               91910          11/27/2006              2      TB1630_BALLOON                                   0                 0                                 0   86.92                        652           46.61     3YR                                                             0           0           0               0
     2503194550       HI-RISE                           1     2ND       REFI                  Y                              12.1                 12.1               54500              54469.35               1/1/2007             12/1/2021                   564.79      180      10     FL                   2/1/2007        Y                 545000                   2          0             564.79                                                                               33141           11/9/2006              2      TB0630_BALLOON                                   0                 0                                 0      90                        736           40.47     NO-PREPAY                                                       0           0           0               0
     2503194587       SFR                               1     NOO       PURCHASE              N                                 8                    8              309900             309482.73               1/1/2007             12/1/2036                  2273.94      360      80     CA                   2/1/2007        N                 430000                   1          3            2273.94                                                                               93536          11/21/2006              2      PA0605E_ARM                                      0            387400                             58100      95                        699           49.58     3YR                                        12/1/2011            6           3           1               3
     2503194588       SFR                               1     NOO       PURCHASE              N                              12.2                 12.2               58100              58068.04               1/1/2007             12/1/2021                   606.58      180      15     CA                   2/1/2007        Y                 430000                   2          0             606.58                                                                               93536          11/21/2006              2      TB0630_BALLOON                                   0            387400                                 0      95                        699           49.58     3YR                                                             0           0           0               0
     2503194626       D-PUDS                            1     NOO       REFI                  Y                             7.125                7.125              721000                721000               2/1/2007              1/1/2037                  4280.94      360   77.12     CA                   2/1/2007        N                 935000                   1          3            4280.94                                                                               92587          12/22/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   77.12                        710           22.89     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503194658       HI-RISE                           1     NOO       PURCHASE              N                              14.5                 14.5               91000              90970.28               1/1/2007             12/1/2021                  1114.35      180      20     FL                   2/1/2007        Y                 490500                   2          0            1114.35                                                                               33131           11/2/2006              2      TB1630_BALLOON                                   0            455000                                 0      90                        644           39.78     NO-PREPAY                                                       0           0           0               0
     2503194673       D-PUDS                            1     OO        PURCHASE              N                             12.35                12.35               57000              56969.68               1/1/2007             12/1/2021                   601.71      180      20     FL                   2/1/2007        Y                 290000                   2          0             601.71                                                                               33437          11/14/2006              2      TB1630_BALLOON                                   0            285000                                 0     100                        674           32.73     NO-PREPAY                                                       0           0           0               0
     2503194696       SFR                               1     NOO       PURCHASE              N                              7.25                 7.25              340000                340000               1/1/2007             12/1/2036                  2054.17      360      80     HI                   2/1/2007        N                 425000                   1          3            2054.17                                                                               96706          11/30/2006              2      PA0605EI_ARM-INTONLY                             0            425000                             63750      95                        696           46.61     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503194697       SFR                               1     NOO       PURCHASE              N                             12.85                12.85               63750              63719.67               1/1/2007             12/1/2021                   697.74      180      15     HI                   2/1/2007        Y                 425000                   2          0             697.74                                                                               96706          11/29/2006              2      TB0630_BALLOON                                   0            425000                                 0      95                        696           46.61     NO-PREPAY                                                       0           0           0               0
     2503194704       2-4FAMILY                         3     OO        REFI                  N                              8.09                 8.09              251250             251109.29               1/1/2007             12/1/2036                  1763.96      360   74.78     RI                   2/1/2007        Y                 336000                   1          3            1763.96                                                                               02863           12/5/2006              2      PL1605E_ARM-BALLOON                              0                 0                             83750   99.71                        666           41.96     1YR                                        12/1/2011            6           3           1               3
     2503194706       2-4FAMILY                         3     OO        REFI                  N                             12.34                12.34               83750              83705.35               1/1/2007             12/1/2021                   883.44      180   24.93     RI                   2/1/2007        Y                 336000                   2          0             883.44                                                                               02863           12/5/2006              2      TB1630_BALLOON                                   0                 0                                 0   99.71                        666           41.96     1YR                                                             0           0           0               0
     2503194714       SFR                               1     OO        REFI                  Y                            11.825               11.825              125000             124925.27               1/1/2007             12/1/2021                  1268.95      180      20     CA                   2/1/2007        Y                 625000                   2          0            1268.95                                                                               95337           11/7/2006              2      TB1630_BALLOON                                   0                 0                                 0     100                        672           42.81     1YR                                                             0           0           0               0
     2503194720       SFR                               1     NOO       PURCHASE              N                                12                   12               28750              28693.58               1/1/2007             12/1/2021                   295.73      180      25     IL                   2/1/2007        Y                 115000                   2          0             295.73                                                                               60617           11/9/2006              2      TB1630_BALLOON                                   0            115000                                 0      90                        659           34.78     NO-PREPAY                                                       0           0           0               0
     2503194737       SFR                               1     OO        REFI                  Y                              5.99                 5.99              312000                312000               1/1/2007             12/1/2036                   1557.4      360      80     CA                   2/1/2007        N                 390000                   1          3             1557.4                                                                               92553          11/28/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        661           38.82     5YR                                        12/1/2011            6           3           1               3
     2503194742       CONDO                             1     OO        PURCHASE              N                             12.45                12.45               28000              27983.17               1/1/2007             12/1/2021                   297.75      180      20     IL                   2/1/2007        Y                 154500                   2          0             297.75                                                                               60634          11/14/2006              2      TB1630_BALLOON                                   0            140000                                 0     100                        675           46.47     NO-PREPAY                                                       0           0           0               0
     2503194762       SFR                               1     OO        REFI                  Y                              6.75                 6.75              371250                371250               1/1/2007             12/1/2036                  2088.28      360      75     CA                   2/1/2007        N                 495000                   1          3            2088.28                                                                               91733          11/27/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             99000      95                        702           38.02     3YR                                        12/1/2011            6           3           1               3
     2503194766       SFR                               1     OO        PURCHASE              N                             12.05                12.05               43800              43674.09               1/1/2007             12/1/2021                   452.22      180      20     IL                   2/1/2007        Y                 221000                   2          0             452.22                                                                               60544          11/20/2006              2      TB1630_BALLOON                                   0            219000                                 0     100                        660           33.96     NO-PREPAY                                                       0           0           0               0
     2503194769       SFR                               1     NOO       REFI                  N                              8.48                 8.48              151200             151015.41               1/1/2007             12/1/2036                  1160.45      360      80     FL                   2/1/2007        N                 189000                   1          3            1160.45                                                                               32720          11/30/2006              2      PA1605E_ARM                                      0                 0                             28350      95                        665           35.61     3YR                                        12/1/2011            6           3           1               3
     2503194770       SFR                               1     NOO       REFI                  Y                              13.4                 13.4               28350              28338.09               1/1/2007             12/1/2021                    322.5      180      15     FL                   2/1/2007        Y                 189000                   2          0              322.5                                                                               32720          11/30/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        665           35.61     NO-PREPAY                                                       0           0           0               0
     2503194805       HI-RISE                           1     NOO       PURCHASE              N                              6.99                 6.99              142500             142491.76               1/1/2007             12/1/2036                   830.06      360      75     PA                   2/1/2007        N                 203000                   1          3             830.06                                                                               19107          11/30/2006              2      PA0605EI_ARM-INTONLY                             0            190000                             38000      95                        707           39.88     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503194809       HI-RISE                           1     NOO       PURCHASE              N                             12.94                12.94               38000               37982.3               1/1/2007             12/1/2021                   418.57      180      20     PA                   2/1/2007        Y                 203000                   2          0             418.57                                                                               19107          11/30/2006              2      TB0630_BALLOON                                   0            190000                                 0      95                        707           39.88     NO-PREPAY                                                       0           0           0               0
     2503194827       SFR                               1     NOO       PURCHASE              N                              14.3                 14.3               35900              35887.73               1/1/2007             12/1/2021                   433.91      180      19     NV                   2/1/2007        Y                 189000                   2          0             433.91                                                                               89015          11/16/2006              2      TB1630_BALLOON                                   0            189000                                 0      95                        652            42.5     NO-PREPAY                                                       0           0           0               0
     2503194835       SFR                               1     NOO       REFI                  Y                            14.375               14.375               20000              19993.28               1/1/2007             12/1/2021                   242.92      180      20     FL                   2/1/2007        Y                 100000                   2          0             242.92                                                                               34482          11/13/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        649           33.17     2YR                                                             0           0           0               0
     2503194897       SFR                               1     OO        PURCHASE              N                             13.79                13.79               74400              74371.42               1/1/2007             12/1/2021                   869.19      180      20     FL                   2/1/2007        Y                 372000                   2          0             869.19                                                                               33032           11/8/2006              2      TB2630_BALLOON                                   0            372000                                 0     100                        628           45.35     NO-PREPAY                                                       0           0           0               0
     2503194899       D-PUDS                            1     OO        PURCHASE              N                            12.375               12.375               62800              62766.78               1/1/2007             12/1/2021                   664.15      180      20     AZ                   2/1/2007        Y                 330000                   2          0             664.15                                                                               85242          11/21/2006              2      TB2630_BALLOON                                   0            314000                                 0     100                        628           39.05     1YR                                                             0           0           0               0
     2503194920       SFR                               1     OO        REFI                  N                              6.95                 6.95              165000                165000               1/1/2007             12/1/2036                   955.63      360      75     CA                   2/1/2007        N                 220000                   1          3             955.63                                                                               95901          11/27/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             48400      97                        663           45.84     3YR                                        12/1/2011            6           3           1               3
     2503194921       SFR                               1     OO        REFI                  Y                             11.35                11.35               48400              48367.87               1/1/2007             12/1/2021                   473.77      180      22     CA                   2/1/2007        Y                 220000                   2          0             473.77                                                                               95901          11/27/2006              2      TB1630_BALLOON                                   0                 0                                 0      97                        663           45.84     3YR                                                             0           0           0               0
     2503194930       D-PUDS                            1     NOO       REFI                  N                              13.2                 13.2               34250              34227.31              12/1/2006             11/1/2021                   384.23      180       5     HI                   2/1/2007        Y                 685000                   2          0             384.23                                                                               96707           11/7/2006              2      TB1630_BALLOON                                   0                 0                                 0      85                        673           31.46     NO-PREPAY                                                       0           0           0               0
     2503194940       SFR                               1     NOO       REFI                  N                            11.625               11.625               25500              25484.06               1/1/2007             12/1/2021                   254.96      180      10     CA                   2/1/2007        Y                 255000                   2          0             254.96                                                                               93292          11/17/2006              2      TB0630_BALLOON                                   0                 0                                 0      90                        725           41.58     2YR                                                             0           0           0               0
     2503194945       SFR                               1     OO        PURCHASE              N                              12.5                 12.5              137800             137729.11               1/1/2007             12/1/2021                  1470.68      180      20     CA                   2/1/2007        Y                 689000                   2          0            1470.68                                                                               95023          11/13/2006              2      TB1630_BALLOON                                   0            689000                                 0     100                        664           44.44     NO-PREPAY                                                       0           0           0               0
     2503194947       SFR                               1     OO        REFI                  N                               6.6                  6.6              341250                341250               1/1/2007             12/1/2036                  1876.88      360      75     NJ                   2/1/2007        N                 455000                   1          3            1876.88                                                                               07644          11/20/2006              1      PA1605EI_ARM-INTONLY                             0                 0                             91000      95                        641           47.45     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503194955       2-4FAMILY                         4     OO        PURCHASE              N                              7.75                 7.75              438750                438750               2/1/2007              1/1/2037                  2833.59      360      75     CA                   2/1/2007        N                 589000                   1          0            2833.59                                                                               91766          12/13/2006              2      PF0630I_FIX-INTONLY                              0            585000                            146250     100                        694           44.16     3YR                                                             0           0           0               0
     2503194958       D-PUDS                            1     NOO       PURCHASE              N                                13                   13               99000              98954.47               1/1/2007             12/1/2021                  1095.14      180      20     FL                   2/1/2007        Y                 495000                   2          0            1095.14                                                                               33029           11/9/2006              2      TB0630_BALLOON                                   0            495000                                 0      90                        693           38.15     NO-PREPAY                                                       0           0           0               0
     2503194959       SFR                               1     OO        REFI                  Y                             12.15                12.15               91000              90949.38               1/1/2007             12/1/2021                   946.56      180      20     NJ                   2/1/2007        Y                 455000                   2          0             946.56                                                                               07644          11/20/2006              1      TB1630_BALLOON                                   0                 0                                 0      95                        641           47.45     NO-PREPAY                                                       0           0           0               0
     2503194962       SFR                               1     OO        PURCHASE              N                              6.45                 6.45              240000                240000               1/1/2007             12/1/2036                     1290      360      80     FL                   2/1/2007        N                 320000                   1          3               1290                                                                               34746          11/30/2006              2      PA0605EI_ARM-INTONLY                             0            300000                             60000     100                        723              39     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503194981       CONDO                             1     OO        PURCHASE              N                             6.875                6.875              359900                359900               1/1/2007             12/1/2036                  2061.93      360      80     CA                   2/1/2007        N                 458000                   1          3            2061.93                                                                               92881          11/27/2006              2      PA0605EI_ARM-INTONLY                             0            449900                             90000     100                        766           43.51     1YR                                        12/1/2011            6           3           1               3
     2503194984       SFR                               1     NOO       REFI                  Y                             12.54                12.54               75000              74961.76               1/1/2007             12/1/2021                   802.77      180      20     FL                   2/1/2007        Y                 375000                   2          0             802.77                                                                               33060          11/15/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        699           42.49     3YR                                                             0           0           0               0
     2503195015       CONDO                             1     OO        REFI                  Y                              7.27                 7.27              428000                428000               2/1/2007              1/1/2037                  2592.97      360      80     CA                   2/1/2007        N                 535000                   1          3            2592.97                                                                               94551          12/26/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             80250      95                        643            32.4     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503195026       2-4FAMILY                         2     OO        PURCHASE              N                             11.89                11.89               94500              94444.32               1/1/2007             12/1/2021                   964.04      180      25     FL                   2/1/2007        Y                 378000                   2          0             964.04                                                                               33144          11/10/2006              2      TB1630_BALLOON                                   0            378000                                 0     100                        677           41.34     3YR                                                             0           0           0               0
     2503195038       CONDO                             1     OO        PURCHASE              N                              13.5                 13.5               47950              47930.31               1/1/2007             12/1/2021                   549.23      180   24.99     FL                   2/1/2007        Y                 194000                   2          0             549.23                                                                               33021          11/30/2006              2      TB1630_BALLOON                                   0            191900                                 0   99.98                        658           45.19     1YR                                                             0           0           0               0
     2503195043       SFR                               1     NOO       PURCHASE              N                              6.75                 6.75              151500             151369.56               2/1/2007              1/1/2037                   982.63      360      75     FL                   2/1/2007        N                 205000                   1          4             982.63                                                                               32909           12/6/2006              2      PA0605E_ARM                                      0            202000                             40400      95                        721           45.49     3YR                                         1/1/2012            6           3           1               4
     2503195044       SFR                               1     NOO       PURCHASE              N                              11.5                 11.5               40400              40387.09               2/1/2007              1/1/2022                   400.08      180      20     FL                   2/1/2007        Y                 205000                   2          0             400.08                                                                               32909           12/6/2006              2      TB0630_BALLOON                                   0            202000                                 0      95                        721           45.49     3YR                                                             0           0           0               0
     2503195046       SFR                               1     OO        REFI                  Y                             10.75                10.75               55750              55706.66               1/1/2007             12/1/2021                   520.42      180      25     FL                   2/1/2007        Y                 223000                   2          0             520.42                                                                               33991          11/15/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        676           36.34     3YR                                                             0           0           0               0
     2503195074       SFR                               1     NOO       PURCHASE              N                              12.7                 12.7               75000              74963.11               1/1/2007             12/1/2021                    812.1      180      20     IL                   2/1/2007        Y                 375000                   2          0              812.1                                                                               60647          11/16/2006              2      TB0630_BALLOON                                   0            375000                                 0      95                        692           49.03     NO-PREPAY                                                       0           0           0               0
     2503195100       CONDO                             1     NOO       PURCHASE              N                             12.65                12.65               22500              22488.82               1/1/2007             12/1/2021                   242.75      180      10     DC                   2/1/2007        Y                 225000                   2          0             242.75                                                                               20010          11/30/2006              2      TB0630_BALLOON                                   0            225000                                 0      90                        730           50.41     NO-PREPAY                                                       0           0           0               0
     2503195106       SFR                               1     NOO       PURCHASE              N                             6.375                6.375              300000                300000               1/1/2007             12/1/2036                  1593.75      360      75     CA                   2/1/2007        N                 400000                   1          3            1593.75                                                                               91754           12/7/2006              1      PA0605EI_ARM-INTONLY                             0            400000                                 0      75                        680           35.23     3YR                                        12/1/2011            6           3           1               3
     2503195125       SFR                               1     OO        REFI                  N                             6.375                6.375              392000                392000               1/1/2007             12/1/2036                   2082.5      360      80     CA                   2/1/2007        N                 490000                   1          3             2082.5                                                                               93905          11/22/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             88500   98.07                        698           38.22     2YR                                        12/1/2011            6           3           1               3
     2503195136       SFR                               1     OO        REFI                  Y                               6.6                  6.6              420000             419547.06               1/1/2007             12/1/2036                     2310      360      80     HI                   2/1/2007        N                 525000                   1          3               2310                                                                               96793          11/30/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        666            39.5     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503195145       SFR                               1     OO        PURCHASE              N                             5.875                5.875              367500                367500               1/1/2007             12/1/2036                  1799.22      360      70     CA                   2/1/2007        N                 560000                   1          3            1799.22                                                                               90715           12/1/2006              2      PA1605EI_ARM-INTONLY                             0            525000                             78750      85                        669            41.8     3YR                                        12/1/2011            6           3           1               3
     2503195146       SFR                               1     OO        PURCHASE              N                            10.625               10.625               78750              78688.81               1/1/2007             12/1/2021                   727.73      180      15     CA                   2/1/2007        Y                 560000                   2          0             727.73                                                                               90715           12/1/2006              2      TB1630_BALLOON                                   0            525000                                 0      85                        669            41.8     3YR                                                             0           0           0               0
     2503195164       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              624000                624000               1/1/2007             12/1/2036                     3250      360      80     HI                   2/1/2007        N                 780000                   1       2.75               3250                                                                               96797           12/6/2006              2      PA0605EI_ARM-INTONLY                             0            790000                            156000     100                        730           39.65     NO-PREPAY                                  12/1/2011            6           3           1            2.75
     2503195166       D-PUDS                            1     OO        PURCHASE              N                              7.67                 7.67              361600                361600               1/1/2007             12/1/2036                  2311.23      360      90     DE                   2/1/2007        N                 406000                   1          3            2311.23                                                                               19977          11/29/2006             17      PA2605EI_ARM-INTONLY                            25            401780                                 0      90                        625           50.44     2YR                                        12/1/2011            6           3           1               3
     2503195169       D-PUDS                            1     OO        PURCHASE              N                             12.21                12.21               23800              23786.95               1/1/2007             12/1/2021                   248.66      180      10     NV                   2/1/2007        Y                 265000                   2          0             248.66                                                                               89015          11/30/2006              2      TB1630_BALLOON                                   0            238065                                 0      90                        665           45.24     3YR                                                             0           0           0               0
     2503195216       CONDO                             1     OO        PURCHASE              N                                12                   12               27200              27184.36               1/1/2007             12/1/2021                   279.78      180      20     IL                   2/1/2007        Y                 140000                   2          0             279.78                                                                               60008          11/14/2006              2      TB1630_BALLOON                                   0            136000                                 0      95                        648           33.94     NO-PREPAY                                                       0           0           0               0
     2503195243       SFR                               1     OO        PURCHASE              N                             5.875                5.875              504000                504000               1/1/2007             12/1/2036                   2467.5      360      80     NY                   2/1/2007        N                 630000                   1          3             2467.5                                                                               11369          11/21/2006              2      PA0605EI_ARM-INTONLY                             0            630000                             63000      90                        687           31.35     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503195245       SFR                               1     OO        PURCHASE              N                             6.781                6.781              180000             179851.88               1/1/2007             12/1/2036                  1090.06      360      75     FL                   2/1/2007        Y                 240000                   1          3            1090.06                                                                               33032          11/30/2006              1      PL2605E_ARM-BALLOON                              0            240000                             60000     100                        629           48.38     1YR                                        12/1/2011            6           3           1               3
     2503195246       SFR                               1     OO        PURCHASE              N                             12.84                12.84               60000              59966.81               1/1/2007             12/1/2021                   656.22      180      25     FL                   2/1/2007        Y                 240000                   2          0             656.22                                                                               33032          11/30/2006              1      TB2630_BALLOON                                   0            240000                                 0     100                        629           48.38     1YR                                                             0           0           0               0
     2503195252       2-4FAMILY                         2     NOO       PURCHASE              N                              11.7                 11.7               42000              41474.19               1/1/2007             12/1/2021                   422.34      180      20     OK                   2/1/2007        Y                 210000                   2          0             422.34                                                                               74403           12/1/2006              1      TB0630_BALLOON                                   0            210000                                 0      95                        730           38.26     NO-PREPAY                                                       0           0           0               0
     2503195267       SFR                               1     OO        PURCHASE              N                             11.84                11.84              108150             108085.56               1/1/2007             12/1/2021                  1099.14      180      20     NY                   2/1/2007        Y                 550000                   2          0            1099.14                                                                               10705          11/14/2006              2      TB1630_BALLOON                                   0            540750                                 0     100                        667           41.24     NO-PREPAY                                                       0           0           0               0
     2503195273       CONDO                             1     2ND       REFI                  Y                             6.315                6.315              200000                200000               2/1/2007              1/1/2037                   1052.5      360   56.34     FL                   2/1/2007        N                 355000                   1          0             1052.5                                                                               32963          12/14/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   56.34                        708           30.42     1YR                                                             0           0           0               0
     2503195338       SFR                               1     OO        REFI                  N                               7.5                  7.5              484500                484500               2/1/2007              1/1/2037                  3028.12      360      75     IL                   2/1/2007        N                 646000                   1          3            3028.12                                                                               60422          12/18/2006              2      PA1605EI_ARM-INTONLY                             0                 0                            161500     100                        674           36.28     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503195359       SFR                               1     OO        REFI                  Y                               6.5                  6.5              584800                584800               1/1/2007             12/1/2036                  3167.67      360      80     HI                   2/1/2007        N                 731000                   1          3            3167.67                                                                               96740          11/29/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             49200   86.74                        673           47.12     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503195360       SFR                               1     OO        REFI                  Y                            10.875               10.875               49200              49163.79               1/1/2007             12/1/2021                    463.9      180    6.74     HI                   2/1/2007        Y                 731000                   2          0              463.9                                                                               96740          11/29/2006              2      TB1630_BALLOON                                   0                 0                                 0   86.74                        673           47.12     3YR                                                             0           0           0               0
     2503195373       D-PUDS                            1     OO        PURCHASE              N                             11.39                11.39              137000             136909.87               1/1/2007             12/1/2021                  1345.21      180      20     CA                   2/1/2007        Y                 687000                   2          0            1345.21                                                                               90746          11/16/2006              2      TB1630_BALLOON                                   0            685000                                 0     100                        671           45.29     3YR                                                             0           0           0               0
     2503195374       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              368000                368000               1/1/2007             12/1/2036                  1916.67      360      80     CA                   2/1/2007        N                 470000                   1          3            1916.67                                                                               93063          11/29/2006              2      PA0605EI_ARM-INTONLY                             0            460000                             92000     100                        688            44.1     3YR                                        12/1/2011            6           3           1               3
     2503195414       SFR                               1     NOO       PURCHASE              N                             6.175                6.175              373100                373100               1/1/2007             12/1/2036                  1919.91      360      70     CA                   2/1/2007        N                 533000                   1          3            1919.91                                                                               94564           12/6/2006              2      PA0605EI_ARM-INTONLY                             0            533000                             53300      80                        732           33.65     3YR                                        12/1/2011            6           3           1               3
     2503195447       SFR                               1     OO        PURCHASE              N                              12.5                 12.5               58750              58734.97               2/1/2007              1/1/2022                   627.01      180      25     CA                   2/1/2007        Y                 235000                   2          0             627.01                                                                               93702           12/8/2006              2      TB1630_BALLOON                                   0            235000                                 0     100                        654           37.95     2YR                                                             0           0           0               0
     2503195476       D-PUDS                            1     OO        REFI                  Y                             13.25                13.25               98000              97957.41               1/1/2007             12/1/2021                  1103.26      180      20     WA                   2/1/2007        Y                 490000                   2          0            1103.26                                                                               98682          11/16/2006              1      TB2630_BALLOON                                   0                 0                                 0     100                        626           43.02     NO-PREPAY                                                       0           0           0               0
     2503195492       SFR                               1     OO        REFI                  Y                             5.375                5.375              330000                330000               1/1/2007             12/1/2036                  1478.13      360   71.74     NY                   2/1/2007        N                 460000                   1          3            1478.13                                                                               11714          11/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   71.74                        709           43.15     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503195500       SFR                               1     NOO       PURCHASE              N                             11.69                11.69               53300              53267.16               1/1/2007             12/1/2021                   535.57      180      10     CA                   2/1/2007        Y                 533000                   2          0             535.57                                                                               94564           12/6/2006              2      TB0630_BALLOON                                   0            533000                                 0      80                        732           33.91     NO-PREPAY                                                       0           0           0               0
     2503195525       SFR                               1     OO        PURCHASE              N                            12.375               12.375              141000              140925.4               1/1/2007             12/1/2021                  1491.17      180      20     CA                   2/1/2007        Y                 705000                   2          0            1491.17                                                                               92708          11/10/2006              2      TB1630_BALLOON                                   0            705000                                 0     100                        652           44.44     NO-PREPAY                                                       0           0           0               0
     2503195574       HI-RISE                           1     NOO       REFI                  N                              5.75                 5.75              210000                210000               1/1/2007             12/1/2036                  1006.25      360   66.67     FL                   2/1/2007        N                 315000                   1          3            1006.25                                                                               33125          11/30/2006              7      SA0605EI_ARM-INTONLY                             0                 0                                 0   66.67                        711               0     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503195594       CONDO                             1     NOO       REFI                  N                              5.75                 5.75              210000                210000               1/1/2007             12/1/2036                  1006.25      360   66.67     FL                   2/1/2007        N                 315000                   1          3            1006.25                                                                               33125          11/30/2006              7      SA0605EI_ARM-INTONLY                             0                 0                                 0   66.67                        711               0     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503195618       D-PUDS                            1     OO        REFI                  Y                             6.375                6.375             1560000            1558555.13               2/1/2007              1/1/2037                  9732.37      360      65     CA                   2/1/2007        N                2400000                   1          3            9732.37                                                                               92648          12/11/2006              2      PA0605E_ARM                                      0                 0                                 0      65                        707            34.7     1YR                                         1/1/2012            6           3           1               3
     2503195663       CONDO                             1     OO        PURCHASE              N                              7.15                 7.15              227200                227200               2/1/2007              1/1/2037                  1353.73      360   74.99     FL                   2/1/2007        N                 306000                   1          3            1353.73                                                                               33178           12/4/2006              2      PA0605EI_ARM-INTONLY                             0            302990                             75748   99.99                        693           28.93     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503195668       HI-RISE                           1     NOO       PURCHASE              N                             13.99                13.99               51000              50981.29               1/1/2007             12/1/2021                   603.88      180      20     FL                   2/1/2007        Y                 270000                   2          0             603.88                                                                               33125          11/29/2006              2      TB1630_BALLOON                                   0            255094                                 0   94.99                        669            49.8     NO-PREPAY                                                       0           0           0               0
     2503195674       SFR                               1     NOO       PURCHASE              N                               6.5                  6.5               84000              83847.71               1/1/2007             12/1/2036                   530.94      360      70     FL                   2/1/2007        N                 135000                   1          3             530.94                                                                               32208          11/30/2006              1      PA1605E_ARM                                      0            120000                             24000      90                        648           42.26     2YR                                        12/1/2011            6           3           1               3
     2503195705       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              468000                468000               1/1/2007             12/1/2036                   2632.5      360      80     CA                   2/1/2007        N                 585000                   1          3             2632.5                                                                               92078          11/29/2006              2      PA0605EI_ARM-INTONLY                             0            585000                            117000     100                        686           48.09     3YR                                        12/1/2011            6           3           1               3
     2503195725       CONDO                             1     OO        PURCHASE              N                              6.25                 6.25              276000                275800               1/1/2007             12/1/2036                   1437.5      360      80     HI                   2/1/2007        N                 350000                   1          3             1437.5                                                                               96782          11/30/2006              2      PA0603EI_ARM-INTONLY                             0            345000                             69000     100                        780           40.65     NO-PREPAY                                  12/1/2009            6           3           1               3
     2503195729       D-PUDS                            1     2ND       REFI                  Y                               6.1                  6.1              460000                460000               1/1/2007             12/1/2036                  2338.33      360      80     HI                   2/1/2007        N                 575000                   1          3            2338.33                                                                               96797          11/28/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        678           32.18     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503195740       SFR                               1     OO        PURCHASE              N                             12.05                12.05              124000             123929.48               1/1/2007             12/1/2021                  1280.25      180      20     CA                   2/1/2007        Y                 620000                   2          0            1280.25                                                                               91786          11/16/2006              2      TB1630_BALLOON                                   0            620000                                 0     100                        670           42.23     NO-PREPAY                                                       0           0           0               0
     2503195759       D-PUDS                            1     OO        REFI                  Y                                 8                    8              248000                248000               1/1/2007             12/1/2036                  1653.33      360      80     FL                   2/1/2007        N                 310000                   1          3            1653.33                                                                               33035          11/30/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        658           34.32     3YR                                        12/1/2011            6           3           1               3
     2503195778       CONDO                             1     OO        REFI                  N                               5.9                  5.9              463000             462992.24               1/1/2007             12/1/2036                  2276.42      360   78.88     CA                   2/1/2007        N                 587000                   1          4            2276.42                                                                               92123          11/28/2006              2      PA0607EI_ARM-INTONLY                             0                 0                                 0   78.88                        689           45.24     3YR                                        12/1/2013            6           3           1               4
     2503195815       CONDO                             1     OO        REFI                  Y                               6.9                  6.9              110600                110600               1/1/2007             12/1/2036                   635.95      360      70     FL                   2/1/2007        N                 158000                   1          3             635.95                                                                               33319          11/27/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             47400     100                        651            49.2     3YR                                        12/1/2011            6           3           1               3
     2503195816       CONDO                             1     OO        REFI                  Y                             12.99                12.99               47400              47378.16               1/1/2007             12/1/2021                   523.97      180      30     FL                   2/1/2007        Y                 158000                   2          0             523.97                                                                               33319          11/27/2006              2      TB1630_BALLOON                                   0                 0                                 0     100                        651           47.38     3YR                                                             0           0           0               0
     2503195823       HI-RISE                           1     2ND       PURCHASE              N                               6.5                  6.5              198900                198900               1/1/2007             12/1/2036                  1077.38      360      70     CA                   2/1/2007        N                 285000                   1          3            1077.38                                                                               92101           12/6/2006              2      PA0605EI_ARM-INTONLY                             0            284159                             71000   94.99                        684           42.17     1YR                                        12/1/2011            6           3           1               3
     2503195825       2-4FAMILY                         4     OO        PURCHASE              N                              8.75                 8.75              487500                487500               2/1/2007              1/1/2037                  3554.69      360      75     NY                   2/1/2007        N                 650000                   1          3            3554.69                                                                               10462          12/28/2006              2      PA0605EI_ARM-INTONLY                             0            650000                            162500     100                        741           49.58     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503195827       CONDO                             1     NOO       PURCHASE              N                             7.067                7.067              144742                144742               1/1/2007             12/1/2036                   852.41      360      75     FL                   2/1/2007        N                 260000                   1          3             852.41                                                                               33173          11/28/2006              2      PA0605EI_ARM-INTONLY                             0            192990                             38598      95                        685           36.42     3YR                                        12/1/2011            6           3           1               3
     2503195828       CONDO                             1     NOO       PURCHASE              N                             12.44                12.44               38598              38577.88               1/1/2007             12/1/2021                   410.14      180      20     FL                   2/1/2007        Y                 260000                   2          0             410.14                                                                               33173          11/28/2006              2      TB0630_BALLOON                                   0            192990                                 0      95                        685           36.42     3YR                                                             0           0           0               0
     2503195845       SFR                               1     OO        REFI                  Y                              12.7                 12.7              111000             110945.39               1/1/2007             12/1/2021                  1201.91      180      20     CA                   2/1/2007        Y                 555000                   2          0            1201.91                                                                               92054          11/16/2006              2      TB1630_BALLOON                                   0                 0                                 0     100                        653           36.88     NO-PREPAY                                                       0           0           0               0
     2503195916       SFR                               1     OO        REFI                  N                             6.125                6.125              308000                308000               1/1/2007             12/1/2036                  1572.08      360      80     CA                   2/1/2007        N                 385000                   1          3            1572.08                                                                               92501          11/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             38500      90                        692           39.99     2YR                                        12/1/2011            6           3           1               3
     2503195926       CONDO                             1     NOO       REFI                  Y                              7.67                 7.67              118500                118500               1/1/2007             12/1/2036                   757.41      360      75     FL                   2/1/2007        N                 158000                   1          3             757.41                                                                               32811          11/21/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             31600      95                        689           38.26     2YR                                        12/1/2011            6           3           1               3
     2503195927       CONDO                             1     NOO       REFI                  Y                             12.74                12.74               31600               31584.6               1/1/2007             12/1/2021                   343.15      180      20     FL                   2/1/2007        Y                 158000                   2          0             343.15                                                                               32811          11/21/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        689           42.71     3YR                                                             0           0           0               0
     2503195929       HI-RISE                           1     2ND       PURCHASE              N                               6.5                  6.5              249650                249650               1/1/2007             12/1/2036                  1352.27      360   69.99     CA                   2/1/2007        N                 395000                   1          3            1352.27                                                                               92101          11/30/2006              2      PA0607EI_ARM-INTONLY                             0            356694                             89150   94.99                        772            41.4     NO-PREPAY                                  12/1/2013            6           3           1               3
     2503195957       SFR                               1     OO        PURCHASE              N                            11.725               11.725               80000               79951.1               1/1/2007             12/1/2021                      806      180      20     CA                   2/1/2007        Y                 400000                   2          0                806                                                                               90059          11/21/2006              2      TB1630_BALLOON                                   0            400000                                 0     100                        652           39.32     3YR                                                             0           0           0               0
     2503195974       SFR                               1     NOO       PURCHASE              N                            12.125               12.125              102500             102442.67               1/1/2007             12/1/2021                   1064.2      180      25     CA                   2/1/2007        Y                 410000                   2          0             1064.2                                                                               90280          11/30/2006              2      TB0630_BALLOON                                   0            410000                                 0      95                        794           43.06     NO-PREPAY                                                       0           0           0               0
     2503195975       SFR                               1     OO        REFI                  Y                               6.3                  6.3              316800                316800               1/1/2007             12/1/2036                   1663.2      360      88     CA                   2/1/2007        N                 360000                   1      3.875             1663.2                                                                               92405          11/30/2006              2      PA1405EI_ARM-INTONLY                            25                 0                                 0      88                        671           44.94     5YR                                        12/1/2011            6           3           1           3.875
     2503195983       SFR                               1     NOO       PURCHASE              N                             12.25                12.25               74700              74659.36               1/1/2007             12/1/2021                   782.78      180      15     MN                   2/1/2007        Y                 498000                   2          0             782.78                                                                               55378          11/17/2006              2      TB0630_BALLOON                                   0            498000                                 0      95                        683           35.01     NO-PREPAY                                                       0           0           0               0
     2503195998       CONDO                             1     NOO       PURCHASE              N                             11.99                11.99               54200              54168.76               1/1/2007             12/1/2021                   557.09      180   20.01     FL                   2/1/2007        Y                 293000                   2          0             557.09                                                                               33141          11/15/2006              2      TB0630_BALLOON                                   0            270864                                 0      95                        744           44.01     NO-PREPAY                                                       0           0           0               0
     2503196015       SFR                               1     OO        PURCHASE              N                             6.375                6.375              192500             192499.66               2/1/2007              1/1/2037                  1022.66      360      70     CA                   2/1/2007        N                 275000                   1          3            1022.66                                                                               92405          12/21/2006              2      PA1605EI_ARM-INTONLY                             0            275000                             82500     100                        661           48.32     3YR                                         1/1/2012            6           3           1               3
     2503196026       SFR                               1     OO        REFI                  Y                                12                   12               58000              57966.63               1/1/2007             12/1/2021                    596.6      180   14.88     OR                   2/1/2007        Y                 390000                   2          0              596.6                                                                               97202          11/29/2006              2      TB1630_BALLOON                                   0                 0                                 0   94.88                        661           37.64     NO-PREPAY                                                       0           0           0               0
     2503196060       SFR                               1     NOO       PURCHASE              N                              7.07                 7.07              286160                286160               1/1/2007             12/1/2036                  1685.96      360      80     CA                   2/1/2007        N                 358000                   1      3.875            1685.96                                                                               95824           12/4/2006              2      PA1605EI_ARM-INTONLY                             0            357700                             35770      90                        657           33.08     1YR                                        12/1/2011            6           3           1           3.875
     2503196062       SFR                               1     OO        REFI                  N                              5.99                 5.99              440000             439999.33               1/1/2007             12/1/2036                  2196.33      360      80     CA                   2/1/2007        N                 550000                   1          3            2196.33                                                                               91335          11/20/2006              2      PA1603EI_ARM-INTONLY                             0                 0                            110000     100                        677           31.02     3YR                                        12/1/2009            6           3           1               3
     2503196063       SFR                               1     OO        REFI                  Y                            11.125               11.125              110000             109923.31               1/1/2007             12/1/2021                  1057.96      180      20     CA                   2/1/2007        Y                 550000                   2          0            1057.96                                                                               91335          11/20/2006              2      TB1630_BALLOON                                   0                 0                                 0     100                        677           31.02     3YR                                                             0           0           0               0
     2503196064       SFR                               1     NOO       PURCHASE              N                             13.25                13.25               35770              35754.46               1/1/2007             12/1/2021                   402.69      180      10     CA                   2/1/2007        Y                 358000                   2          0             402.69                                                                               95824           12/4/2006              2      TB1630_BALLOON                                   0            357700                                 0      90                        657           33.08     1YR                                                             0           0           0               0
     2503196091       CONDO                             1     NOO       PURCHASE              N                              6.99                 6.99              270000              269793.1               1/1/2007             12/1/2036                   1675.9      360      75     CA                   2/1/2007        Y                 360000                   1          3             1675.9                                                                               94582          11/28/2006              2      PL0605E_ARM-BALLOON                              0            360000                             72000      95                        711           39.19     1YR                                        12/1/2011            6           3           1               3
     2503196092       CONDO                             1     NOO       PURCHASE              N                             12.49                12.49               72000              71962.87               1/1/2007             12/1/2021                   767.87      180      20     CA                   2/1/2007        Y                 360000                   2          0             767.87                                                                               94582          11/28/2006              2      TB0630_BALLOON                                   0            360000                                 0      95                        711           39.19     1YR                                                             0           0           0               0
     2503196097       CONDO                             1     NOO       REFI                  N                               6.5                  6.5              141850             141532.85               1/1/2007             12/1/2036                   896.59      360   73.03     FL                   2/1/2007        N                 194241                   1          3             896.59                                                                               32903          11/29/2006              2      PA0605E_ARM                                      0                 0                                 0   73.03                        686           47.25     3YR                                        12/1/2011            6           3           1               3
     2503196099       CONDO                             1     OO        REFI                  Y                             6.875                6.875              247500                247500               2/1/2007              1/1/2037                  1417.97      360      75     CA                   2/1/2007        N                 330000                   1          3            1417.97                                                                               92701          12/18/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             82500     100                        692            42.6     3YR                                         1/1/2012            6           3           1               3
     2503196126       SFR                               1     OO        PURCHASE              N                              6.99                 6.99              616000                616000               1/1/2007             12/1/2036                   3588.2      360      80     CA                   2/1/2007        N                 770000                   1          3             3588.2                                                                               91326          11/30/2006              2      PA0605EI_ARM-INTONLY                             0            770000                            154000     100                        683           49.98     3YR                                        12/1/2011            6           3           1               3
     2503196200       SFR                               1     NOO       PURCHASE              N                              6.25                 6.25              294000                294000               1/1/2007             12/1/2036                  1531.25      360    73.5     WA                   2/1/2007        N                 400000                   1          3            1531.25                                                                               98118          11/30/2006              2      PA1605EI_ARM-INTONLY                             0            435000                                 0    73.5                        676           28.66     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503196206       SFR                               1     OO        PURCHASE              N                             12.24                12.24              207500             207386.87               1/1/2007             12/1/2021                  2172.78      180      25     FL                   2/1/2007        Y                 850000                   2          0            2172.78                                                                               33176          11/22/2006              2      TB1630_BALLOON                                   0            830000                                 0     100                        651           41.92     3YR                                                             0           0           0               0
     2503196239       SFR                               1     OO        REFI                  N                              11.6                 11.6               97500              97438.75               1/1/2007             12/1/2021                   972.98      180      15     MI                   2/1/2007        Y                 650000                   2          0             972.98                                                                               48170           12/5/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        661           33.95     3YR                                                             0           0           0               0
     2503196242       D-PUDS                            1     OO        PURCHASE              N                             13.25                13.25               36000              35984.35               1/1/2007             12/1/2021                   405.28      180      20     GA                   2/1/2007        Y                 180000                   2          0             405.28                                                                               30110          11/16/2006              1      TB2630_BALLOON                                   0            180100                                 0     100                        621           48.37     NO-PREPAY                                                       0           0           0               0
     2503196246       HI-RISE                           1     OO        PURCHASE              N                               7.5                  7.5              200000                200000               1/1/2007             12/1/2036                     1250      360      80     FL                   2/1/2007        N                 250000                   1          3               1250                                                                               33126          11/30/2006              2      PA1605EI_ARM-INTONLY                             0            250000                             50000     100                        647           41.03     5YR                                        12/1/2011            6           3           1               3
     2503196253       CONDO                             1     OO        PURCHASE              N                              7.25                 7.25              144750             144523.48               1/1/2007             12/1/2036                   987.45      360   79.98     FL                   2/1/2007        N                 181000                   1          3             987.45                                                                               33411          11/21/2006              2      PA1605E_ARM                                      0            180990                             36200   99.98                        655           34.89     3YR                                        12/1/2011            6           3           1               3
     2503196254       CONDO                             1     OO        PURCHASE              N                              13.2                 13.2               36200              36183.43               1/1/2007             12/1/2021                   406.11      180   20.01     FL                   2/1/2007        Y                 181000                   2          0             406.11                                                                               33411          11/21/2006              2      TB1630_BALLOON                                   0            180990                                 0   99.98                        655           34.89     NO-PREPAY                                                       0           0           0               0
     2503196255       D-PUDS                            1     NOO       PURCHASE              N                              7.48                 7.48              392000                389557               2/1/2007              1/1/2037                  2443.47      360      80     FL                   2/1/2007        N                 490000                   1          3            2443.47                                                                               32835          12/26/2006              2      PA0605EI_ARM-INTONLY                             0            490000                             73500      95                        743           42.14     3YR                                         1/1/2012            6           3           1               3
     2503196257       2-4FAMILY                         3     OO        PURCHASE              N                             7.875                7.875              316500                316500               2/1/2007              1/1/2037                  2077.03      360      75     NJ                   2/1/2007        N                 450000                   1          3            2077.03                                                                               07029          12/14/2006              2      PA1605EI_ARM-INTONLY                             0            422000                            105500     100                        641           42.75     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503196258       2-4FAMILY                         3     OO        PURCHASE              N                              13.5                 13.5              105500             105478.46               2/1/2007              1/1/2022                  1208.41      180      25     NJ                   2/1/2007        Y                 450000                   2          0            1208.41                                                                               07029          12/19/2006              2      TB1630_BALLOON                                   0            422000                                 0     100                        641           42.75     NO-PREPAY                                                       0           0           0               0
     2503196263       D-PUDS                            1     NOO       PURCHASE              N                             11.54                11.54               73500              73476.72               2/1/2007              1/1/2022                   730.11      180      15     FL                   2/1/2007        Y                 490000                   2          0             730.11                                                                               32835          12/26/2006              2      TB0630_BALLOON                                   0            490000                                 0      95                        743           42.14     3YR                                                             0           0           0               0
     2503196265       SFR                               1     OO        PURCHASE              N                             6.875                6.875              264000             263468.44               1/1/2007             12/1/2036                  1734.29      360      80     IL                   2/1/2007        N                 332000                   1          3            1734.29                                                                               60638          11/30/2006              1      PA1605E_ARM                                      0            330000                             66000     100                        666           48.22     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503196273       SFR                               1     NOO       REFI                  N                              7.99                 7.99              420000                420000               1/1/2007             12/1/2036                   2796.5      360      80     CA                   2/1/2007        N                 525000                   1          3             2796.5                                                                               94553          11/29/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             52500      90                        643           45.18     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503196274       SFR                               1     NOO       REFI                  Y                            13.925               13.925               52500              52480.45               1/1/2007             12/1/2021                   618.94      180      10     CA                   2/1/2007        Y                 525000                   2          0             618.94                                                                               94553          11/29/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        643           45.18     NO-PREPAY                                                       0           0           0               0
     2503196276       D-PUDS                            1     2ND       PURCHASE              N                             12.99                12.99               40500              40481.34               1/1/2007             12/1/2021                   447.69      180   15.01     GA                   2/1/2007        Y                 270000                   2          0             447.69                                                                               30019          11/22/2006              2      TB1630_BALLOON                                   0            269900                                 0      95                        659           41.73     NO-PREPAY                                                       0           0           0               0
     2503196280       SFR                               1     NOO       REFI                  Y                              6.75                 6.75              165750                165528               1/1/2007             12/1/2036                   932.34      360      70     FL                   2/1/2007        N                 236811                   1          3             932.34                                                                               32164          11/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      70                        707           47.41     3YR                                        12/1/2011            6           3           1               3
     2503196322       SFR                               1     OO        PURCHASE              N                             6.685                6.685             1500000               1498692               2/1/2007              1/1/2037                  9664.25      360      75     OH                   2/1/2007        N                2000000                   1          3            9664.25                                                                               44040          12/13/2006              2      PA1605E_ARM                                      0           2400000                                 0      75                        650           42.82     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503196364       SFR                               1     OO        PURCHASE              N                              12.1                 12.1               57000              56967.94               1/1/2007             12/1/2021                    590.7      180      20     MD                   2/1/2007        Y                 285000                   2          0              590.7                                                                               20781          11/20/2006              2      TB1630_BALLOON                                   0            285000                                 0     100                        660           39.05     NO-PREPAY                                                       0           0           0               0
     2503196386       CONDO                             1     NOO       PURCHASE              N                             12.34                12.34               35950              35930.84               1/1/2007             12/1/2021                   379.22      180   19.99     FL                   2/1/2007        Y                 182000                   2          0             379.22                                                                               33063          11/20/2006              2      TB0630_BALLOON                                   0            179900                                 0   94.97                        745           38.47     1YR                                                             0           0           0               0
     2503196392       SFR                               1     OO        PURCHASE              N                             6.375                6.375              492000                492000               1/1/2007             12/1/2036                  2613.75      360      80     CA                   2/1/2007        N                 615000                   1          3            2613.75                                                                               92555          11/22/2006              2      PA0605EI_ARM-INTONLY                             0            615000                            123000     100                        693           33.97     3YR                                        12/1/2011            6           3           1               3
     2503196394       SFR                               1     OO        REFI                  Y                              5.99                 5.99              347000                347000               1/1/2007             12/1/2036                  1732.11      360   77.98     CA                   2/1/2007        N                 445000                   1          3            1732.11                                                                               91733          11/28/2006             17      PA2607EI_ARM-INTONLY                             0                 0                                 0   77.98                        639           35.22     3YR                                        12/1/2013            6           3           1               3
     2503196448       D-PUDS                            1     NOO       REFI                  N                              5.75                 5.75              203000                203000               1/1/2007             12/1/2036                   972.71      360      70     NV                   2/1/2007        N                 290000                   1      3.875             972.71                                                                               89032           12/1/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             43500      85                        688           34.64     3YR                                        12/1/2011            6           3           1           3.875
     2503196449       D-PUDS                            1     NOO       REFI                  N                            12.925               12.925               43500              43479.65               1/1/2007             12/1/2021                   478.65      180      15     NV                   2/1/2007        Y                 290000                   2          0             478.65                                                                               89032           12/1/2006              2      TB0630_BALLOON                                   0                 0                                 0      85                        688           34.64     NO-PREPAY                                                       0           0           0               0
     2503196462       2-4FAMILY                         2     NOO       PURCHASE              N                              12.5                 12.5              118000              117939.3               1/1/2007             12/1/2021                  1259.36      180      20     IL                   2/1/2007        Y                 591000                   2          0            1259.36                                                                               60618          11/30/2006              2      TB1630_BALLOON                                   0            590000                                 0      95                        679           39.66     NO-PREPAY                                                       0           0           0               0
     2503196466       SFR                               1     OO        REFI                  Y                               5.7                  5.7              307000                307000               1/1/2007             12/1/2036                  1458.25      360   59.39     CA                   2/1/2007        N                 517000                   1          3            1458.25                                                                               90805           12/5/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0   59.39                        709           36.23     2YR                                        12/1/2011            6           3           1               3
     2503196467       SFR                               1     OO        PURCHASE              N                              12.5                 12.5              151250             151211.29               2/1/2007              1/1/2022                  1614.23      180      25     CA                   2/1/2007        Y                 605000                   2          0            1614.23                                                                               92505           12/7/2006              2      TB1630_BALLOON                                   0            605000                                 0     100                        645           42.06     2YR                                                             0           0           0               0
     2503196476       2-4FAMILY                         2     OO        REFI                  Y                             6.875                6.875              608000                608000               1/1/2007             12/1/2036                  3483.33      360      80     CA                   2/1/2007        N                 760000                   1          3            3483.33                                                                               90755           12/5/2006              7      SA0605EI_ARM-INTONLY                             0                 0                             75900   89.99                        703               0     3YR                                        12/1/2011            6           3           1               3
     2503196504       SFR                               1     OO        REFI                  Y                              6.25                 6.25              570000                570000               1/1/2007             12/1/2036                  2968.75      360      75     CA                   2/1/2007        N                 760000                   1          3            2968.75                                                                               92562          11/22/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            114000      90                        685           42.88     2YR                                        12/1/2011            6           3           1               3
     2503196516       SFR                               1     OO        REFI                  Y                              6.99                 6.99              104250                104250               2/1/2007              1/1/2037                   607.26      360      75     CO                   2/1/2007        N                 139000                   1          3             607.26                                                                               80223          12/11/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             34750     100                        643           46.47     3YR                                         1/1/2012            5           3           1               3
     2503196527       SFR                               1     OO        REFI                  Y                              6.25                 6.25              487500                487500               1/1/2007             12/1/2036                  2539.06      360      75     CA                   2/1/2007        N                 650000                   1          3            2539.06                                                                               92019          11/30/2006              2      PA2605EI_ARM-INTONLY                             0                 0                             97500      90                        626           41.87     3YR                                        12/1/2011            6           3           1               3
     2503196528       SFR                               1     OO        REFI                  N                              12.4                 12.4               97500               97448.7               1/1/2007             12/1/2021                  1033.02      180      15     CA                   2/1/2007        Y                 650000                   2          0            1033.02                                                                               92019          11/30/2006              2      TB2630_BALLOON                                   0                 0                                 0      90                        626           41.87     1YR                                                             0           0           0               0
     2503196584       D-PUDS                            1     OO        REFI                  N                               6.5                  6.5              352500             352181.34               2/1/2007              1/1/2037                  2228.04      360      75     IL                   2/1/2007        N                 470000                   1          3            2228.04                                                                               60154          12/19/2006              2      PA0605E_ARM                                      0                 0                            117500     100                        682           46.77     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503196602       SFR                               1     OO        REFI                  Y                               7.5                  7.5              173000             172871.61               2/1/2007              1/1/2037                  1209.64      360   79.73     FL                   2/1/2007        N                 217000                   1          3            1209.64                                                                               34689          12/15/2006              8      SA1605E_ARM                                      0                 0                                 0   79.73                        640               0     3YR                                         1/1/2012            6           3           1               3
     2503196605       SFR                               1     NOO       PURCHASE              N                             12.45                12.45               87500              87454.47               1/1/2007             12/1/2021                   930.46      180      25     CA                   2/1/2007        Y                 439000                   2          0             930.46                                                                               92553          11/30/2006              2      TB0630_BALLOON                                   0            350000                                 0      95                        770           23.58     NO-PREPAY                                                       0           0           0               0
     2503196608       2-4FAMILY                         4     NOO       PURCHASE              N                              7.25                 7.25              101250                101250               2/1/2007              1/1/2037                   611.72      360      75     IL                   2/1/2007        N                 165000                   1          3             611.72                                                                               60628          12/28/2006              2      PA0605EI_ARM-INTONLY                             0            135000                             20250      90                        686           52.76     2YR                                         1/1/2012            6           3           1               3
     2503196636       SFR                               1     OO        PURCHASE              N                              12.6                 12.6               52900              52886.76               2/1/2007              1/1/2022                   568.69      180   19.97     NJ                   2/1/2007        Y                 270000                   2          0             568.69                                                                               08080           12/1/2006              2      TB1630_BALLOON                                   0            264948                                 0   99.95                        658           41.77     NO-PREPAY                                                       0           0           0               0
     2503196640       2-4FAMILY                         2     OO        REFI                  Y                               7.9                  7.9              211000             210999.21               1/1/2007             12/1/2036                  1389.08      360   79.63     IL                   2/1/2007        N                 265000                   1          3            1389.08                                                                               60608          11/22/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0   79.63                        657           40.66     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503196648       SFR                               1     OO        REFI                  N                              6.99                 6.99              142500                142500               2/1/2007              1/1/2037                   830.06      360   72.34     CO                   2/1/2007        N                 197000                   1          3             830.06                                                                               80239          12/19/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             49250   97.34                        654           41.65     3YR                                         1/1/2012            5           3           1               3
     2503196654       SFR                               1     OO        REFI                  N                              6.75                 6.75              356000             355708.28               1/1/2007             12/1/2036                  2147.95      360      80     CA                   2/1/2007        Y                 445000                   1          3            2147.95                                                                               92371          11/28/2006              2      PL1605E_ARM-BALLOON                              0                 0                             44500      90                        651           40.22     3YR                                        12/1/2011            6           3           1               3
     2503196655       SFR                               1     OO        REFI                  Y                              11.5                 11.5               44500              44471.42               1/1/2007             12/1/2021                   440.68      180      10     CA                   2/1/2007        Y                 445000                   2          0             440.68                                                                               92371          11/28/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        651           42.34     3YR                                                             0           0           0               0
     2503196656       D-PUDS                            1     NOO       REFI                  N                               7.1                  7.1              405000                405000               2/1/2007              1/1/2037                  2396.25      360      75     MD                   2/1/2007        N                 540000                   1          3            2396.25                                                                               20602          12/14/2006              2      PA1605EI_ARM-INTONLY                             0                 0                            108000      95                        661            31.8     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503196672       D-PUDS                            1     NOO       REFI                  Y                              13.5                 13.5              108000             107977.95               2/1/2007              1/1/2022                  1237.05      180      20     MD                   2/1/2007        Y                 540000                   2          0            1237.05                                                                               20602          12/14/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        661           35.49     NO-PREPAY                                                       0           0           0               0
     2503196677       CONDO                             1     NOO       REFI                  Y                             6.875                6.875               90000              89924.39               2/1/2007              1/1/2037                   591.24      360      75     FL                   2/1/2007        N                 120000                   1          3             591.24                                                                               33445          12/18/2006              2      PA1605E_ARM                                      0                 0                             24000      95                        668            40.9     3YR                                         1/1/2012            6           3           1               3
     2503196678       CONDO                             1     NOO       REFI                  Y                             13.85                13.85               24000              23995.48               2/1/2007              1/1/2022                   281.52      180      20     FL                   2/1/2007        Y                 120000                   2          0             281.52                                                                               33445          12/18/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        668            40.9     NO-PREPAY                                                       0           0           0               0
     2503196722       SFR                               1     OO        REFI                  Y                               6.5                  6.5              414400                414400               1/1/2007             12/1/2036                  2244.67      360      80     CA                   2/1/2007        N                 518000                   1          3            2244.67                                                                               90262          11/27/2006             17      PA2607EI_ARM-INTONLY                             0                 0                                 0      80                        635           42.64     3YR                                        12/1/2013            6           3           1               3
     2503196740       SFR                               1     OO        REFI                  N                               5.5                  5.5              444500                444500               2/1/2007              1/1/2037                  2037.29      360      70     CA                   2/1/2007        N                 635000                   1          3            2037.29                                                                               93422          12/18/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      70                        722           36.84     3YR                                         1/1/2012            6           3           1               3
     2503196750       SFR                               1     OO        REFI                  N                              6.75                 6.75              307500             307235.25               2/1/2007              1/1/2037                  1994.44      360   69.89     FL                   2/1/2007        N                 440000                   1          0            1994.44                                                                               33176          12/18/2006             17      PF2630_FIXEDRATE                                 0                 0                                 0   69.89                        628           40.41     5YR                                                             0           0           0               0
     2503196754       SFR                               1     NOO       REFI                  Y                                12                   12               50000              49971.24               1/1/2007             12/1/2021                   514.31      180      20     FL                   2/1/2007        Y                 250000                   2          0             514.31                                                                               33033          11/27/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        729           42.68     2YR                                                             0           0           0               0
     2503196762       SFR                               1     NOO       PURCHASE              N                            12.525               12.525               44250              44227.36               1/1/2007             12/1/2021                   473.12      180      15     CA                   2/1/2007        Y                 295000                   2          0             473.12                                                                               92346          11/30/2006              2      TB0630_BALLOON                                   0            295000                                 0      95                        762           29.21     NO-PREPAY                                                       0           0           0               0
     2503196776       SFR                               1     OO        REFI                  Y                              6.25                 6.25              135500             135372.55               1/1/2007             12/1/2036                   769.29      360   73.25     AZ                   2/1/2007        Y                 185000                   1          3             769.29                                                                               85223          11/29/2006              2      PL2605E_ARM-BALLOON                              0                 0                                 0   73.25                        622           41.38     3YR                                        12/1/2011            6           3           1               3
     2503196779       SFR                               1     OO        REFI                  N                              6.75                 6.75              285000                285000               1/1/2007             12/1/2036                  1603.13      360   74.22     CA                   2/1/2007        N                 384000                   1          3            1603.13                                                                               92583          11/30/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             57000   89.07                        659           46.98     2YR                                        12/1/2011            6           3           1               3
     2503196782       SFR                               1     OO        REFI                  Y                             12.65                12.65               57000              56971.65               1/1/2007             12/1/2021                   614.98      180   14.85     CA                   2/1/2007        Y                 384000                   2          0             614.98                                                                               92583          11/30/2006              2      TB1630_BALLOON                                   0                 0                                 0   89.07                        659           46.98     NO-PREPAY                                                       0           0           0               0
     2503196829       CONDO                             1     OO        PURCHASE              N                             11.75                11.75              141750             140799.66               1/1/2007             12/1/2021                  1430.84      180      25     CA                   2/1/2007        Y                 600000                   2          0            1430.84                                                                               90278          11/30/2006              2      TB1630_BALLOON                                   0            567000                                 0     100                        643           39.08     3YR                                                             0           0           0               0
     2503196851       D-PUDS                            1     OO        REFI                  Y                             5.875                5.875              145000                145000               2/1/2007              1/1/2037                    709.9      360   78.38     FL                   2/1/2007        N                 185000                   1          3              709.9                                                                               34759           12/6/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   78.38                        681           43.77     3YR                                         1/1/2012            6           3           1               3
     2503196859       SFR                               1     OO        REFI                  N                              6.55                 6.55              352500                352500               1/1/2007             12/1/2036                  1924.06      360      75     CA                   2/1/2007        N                 470000                   1          3            1924.06                                                                               92114          11/29/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             70500      90                        645           44.52     3YR                                        12/1/2011            6           3           1               3
     2503196860       SFR                               1     OO        REFI                  Y                              11.7                 11.7               70500              70456.68               1/1/2007             12/1/2021                   708.93      180      15     CA                   2/1/2007        Y                 470000                   2          0             708.93                                                                               92114          11/29/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        645           44.52     3YR                                                             0           0           0               0
     2503196920       2-4FAMILY                         2     NOO       PURCHASE              N                                13                   13              122000             121943.91               1/1/2007             12/1/2021                  1349.56      180      20     NY                   2/1/2007        Y                 610000                   2          0            1349.56                                                                               11435          11/29/2006              2      TB0630_BALLOON                                   0            610000                                 0      95                        782           38.21     NO-PREPAY                                                       0           0           0               0
     2503196930       SFR                               1     OO        PURCHASE              N                             6.625                6.625              536000                536000               2/1/2007              1/1/2037                  2959.17      360      80     CA                   2/1/2007        N                 670000                   1          3            2959.17                                                                               94518          12/21/2006              2      PA0605EI_ARM-INTONLY                             0            670000                            134000     100                        718           48.18     3YR                                         1/1/2012            6           3           1               3
     2503196932       SFR                               1     NOO       REFI                  Y                              6.75                 6.75              470000             469595.34               2/1/2007              1/1/2037                  3048.41      360   67.15     CA                   2/1/2007        N                 700000                   1          3            3048.41                                                                               91307          12/18/2006             17      PA1605E_ARM                                      0                 0                                 0   67.15                        673           32.76     3YR                                         1/1/2012            6           3           1               3
     2503196986       SFR                               1     OO        REFI                  Y                               6.7                  6.7              322240                322240               2/1/2007              1/1/2037                  1799.17      360      80     HI                   2/1/2007        N                 402800                   1      3.875            1799.17                                                                               96720          12/29/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             40280      90                        649            39.3     NO-PREPAY                                   1/1/2012            6           3           1           3.875
     2503196997       SFR                               1     NOO       PURCHASE              N                               6.5                  6.5              231000                231000               1/1/2007             12/1/2036                  1251.25      360      70     CA                   2/1/2007        N                 330000                   1          3            1251.25                                                                               95820          11/30/2006              2      PA1605EI_ARM-INTONLY                             0            330000                             82500      95                        643           38.33     1YR                                        12/1/2011            6           3           1               3
     2503197005       SFR                               1     NOO       PURCHASE              N                              13.7                 13.7               82500              82467.65               1/1/2007             12/1/2021                   957.96      180      25     CA                   2/1/2007        Y                 330000                   2          0             957.96                                                                               95820          11/30/2006              2      TB1630_BALLOON                                   0            330000                                 0      95                        643           38.33     1YR                                                             0           0           0               0
     2503197016       SFR                               1     NOO       PURCHASE              N                              12.9                 12.9               21000              20990.13               1/1/2007             12/1/2021                   230.66      180      10     CA                   2/1/2007        Y                 210000                   2          0             230.66                                                                               95815          11/15/2006              2      TB1630_BALLOON                                   0            210000                                 0      90                        664            49.2     3YR                                                             0           0           0               0
     2503197026       CONDO                             1     OO        PURCHASE              N                              7.28                 7.28              355200                355200               2/1/2007              1/1/2037                  2154.88      360      80     CA                   2/1/2007        N                 445000                   1          3            2154.88                                                                               91367          12/15/2006              2      PA1605EI_ARM-INTONLY                             0            444000                             88800     100                        653           44.69     3YR                                         1/1/2012            6           3           1               3
     2503197045       CONDO                             1     NOO       PURCHASE              N                               8.7                  8.7              140000                140000               2/1/2007              1/1/2037                     1015      360      80     IL                   2/1/2007        N                 180000                   1          3               1015                                                                               60621           12/6/2006              2      PA0605EI_ARM-INTONLY                             0            175000                             26250      95                        691           41.36     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503197053       CONDO                             1     NOO       PURCHASE              N                              10.5                 10.5              274500             274280.88               1/1/2007             12/1/2036                  2401.87      360      90     CA                   2/1/2007        N                 305000                   1          5            2401.87                                                                               92111           12/6/2006              7      EA0605EI_ARM-INTONLY                            25            305000                                 0      90                        683               0     3YR                                        12/1/2011            6           3           1               5
     2503197055       CONDO                             1     2ND       PURCHASE              N                              9.95                 9.95              274500                274500               1/1/2007             12/1/2036                  2276.06      360      90     CA                   2/1/2007        N                 305000                   1        4.5            2276.06                                                                               92111           12/6/2006              7      EA1605EI_ARM-INTONLY                            25            305000                                 0      90                        678               0     3YR                                        12/1/2011            6           3           1             4.5
     2503197066       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              329600                329600               1/1/2007             12/1/2036                  1785.33      360      80     HI                   2/1/2007        N                 412000                   1          3            1785.33                                                                               96792          11/30/2006              2      PA1605EI_ARM-INTONLY                             0            412000                             82400     100                        670           47.37     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503197068       SFR                               1     OO        REFI                  Y                             5.875                5.875              850000             849133.39               2/1/2007              1/1/2037                  5028.07      360   62.97     HI                   2/1/2007        N                1350000                   1          0            5028.07                                                                               96761           12/7/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   62.97                        749            33.6     NO-PREPAY                                                       0           0           0               0
     2503197093       SFR                               1     2ND       REFI                  Y                            12.625               12.625               98000              97950.97               1/1/2007             12/1/2021                  1055.43      180      20     CA                   2/1/2007        Y                 490000                   2          0            1055.43                                                                               92114          11/28/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        648           27.67     3YR                                                             0           0           0               0
     2503197157       SFR                               1     OO        REFI                  Y                             11.99                11.99              165000              164904.9               1/1/2007             12/1/2021                  1695.94      180      15     HI                   2/1/2007        Y                1100000                   2          0            1695.94                                                                               96821          11/20/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        647           43.98     NO-PREPAY                                                       0           0           0               0
     2503197162       HI-RISE                           1     OO        PURCHASE              N                             13.65                13.65               50000              49980.17               1/1/2007             12/1/2021                   578.61      180      20     FL                   2/1/2007        Y                 250000                   2          0             578.61                                                                               33126          11/30/2006              2      TB1630_BALLOON                                   0            250000                                 0     100                        647           41.03     NO-PREPAY                                                       0           0           0               0
     2503197195       SFR                               1     OO        PURCHASE              N                             7.125                7.125              360000                360000               2/1/2007              1/1/2037                   2137.5      360      80     FL                   2/1/2007        N                 460000                   1      3.875             2137.5                                                                               33165           12/5/2006              2      PA0605EI_ARM-INTONLY                             0            450000                             90000     100                        680           46.26     2YR                                         1/1/2012            6           3           1           3.875
     2503197198       SFR                               1     OO        PURCHASE              N                              6.99                 6.99              240000             239816.09               1/1/2007             12/1/2036                  1489.69      360      80     CT                   2/1/2007        Y                 300000                   1          4            1489.69                                                                               06604          11/27/2006              2      PL1605E_ARM-BALLOON                              0            300000                             60000     100                        644           40.37     3YR                                        12/1/2011            6           3           1               4
     2503197199       SFR                               1     OO        PURCHASE              N                              12.5                 12.5               60000              59969.14               1/1/2007             12/1/2021                   640.35      180      20     CT                   2/1/2007        Y                 300000                   2          0             640.35                                                                               06604          11/27/2006              2      TB1630_BALLOON                                   0            300000                                 0     100                        644           41.56     3YR                                                             0           0           0               0
     2503197204       SFR                               1     NOO       REFI                  Y                              6.75                 6.75              130000             129886.25               2/1/2007              1/1/2037                   843.18      360   41.94     CA                   2/1/2007        N                 310000                   1          0             843.18                                                                               93535          12/27/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   41.94                        701           33.96     NO-PREPAY                                                       0           0           0               0
     2503197222       SFR                               1     NOO       REFI                  Y                              7.31                 7.31              427500                427500               1/1/2007             12/1/2036                  2604.19      360      75     CA                   2/1/2007        N                 570000                   1          3            2604.19                                                                               90638          11/29/2006              2      PA1605EI_ARM-INTONLY                             0                 0                            114000      95                        656           44.47     2YR                                        12/1/2011            6           3           1               3
     2503197223       SFR                               1     NOO       REFI                  Y                             13.74                13.74              114000             113955.69               1/1/2007             12/1/2021                  1327.33      180      20     CA                   2/1/2007        Y                 570000                   2          0            1327.33                                                                               90638          11/29/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        656           44.47     2YR                                                             0           0           0               0
     2503197232       D-PUDS                            1     NOO       REFI                  N                             6.125                6.125              193000                193000               2/1/2007              1/1/2037                    985.1      360   59.39     AZ                   2/1/2007        N                 325000                   1          3              985.1                                                                               85249          12/26/2006              1      PA1605EI_ARM-INTONLY                             0                 0                                 0   59.39                        667           21.49     3YR                                         1/1/2012            6           3           1               3
     2503197254       SFR                               1     OO        REFI                  Y                             11.75                11.75               43500              43473.57               1/1/2007             12/1/2021                   439.09      180    9.85     MD                   2/1/2007        Y                 442000                   2          0             439.09                                                                               20906          11/28/2006              2      TB1630_BALLOON                                   0                 0                                 0   84.85                        646           44.71     NO-PREPAY                                                       0           0           0               0
     2503197255       SFR                               1     OO        REFI                  Y                            11.215               11.215              254000             253826.35               1/1/2007             12/1/2021                  2460.26      180   19.54     CA                   2/1/2007        Y                1300000                   2          0            2460.26                                                                               94939          11/30/2006              2      TB1630_BALLOON                                   0                 0                                 0   80.31                        662           45.77     3YR                                                             0           0           0               0
     2503197275       SFR                               1     OO        REFI                  N                               6.4                  6.4              224000                224000               2/1/2007              1/1/2037                  1194.67      360      80     NV                   2/1/2007        N                 280000                   1          3            1194.67                                                                               89129          12/11/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             56000     100                        742           28.24     3YR                                         1/1/2012            6           3           1               3
     2503197294       SFR                               1     OO        PURCHASE              N                              7.67                 7.67              168750                168750               2/1/2007              1/1/2037                  1078.59      360      75     IL                   2/1/2007        N                 230000                   1          3            1078.59                                                                               60155          12/28/2006              2      PA0605EI_ARM-INTONLY                             0            225000                             56250     100                        715           43.43     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503197296       SFR                               1     OO        REFI                  N                              6.45                 6.45              528500                528500               2/1/2007              1/1/2037                  2840.69      360      70     CA                   2/1/2007        N                 755000                   1          0            2840.69                                                                               94560          12/27/2006              2      PF2630I_FIX-INTONLY                              0                 0                                 0      70                        632           41.55     3YR                                                             0           0           0               0
     2503197309       SFR                               1     OO        REFI                  Y                              5.58                 5.58              280000                280000               1/1/2007             12/1/2036                     1302      360      70     CA                   2/1/2007        N                 400000                   1      3.875               1302                                                                               92021           12/4/2006              2      PA0607EI_ARM-INTONLY                             0                 0                                 0      70                        728           47.12     3YR                                        12/1/2013            6           3           1           3.875
     2503197311       SFR                               1     OO        REFI                  Y                             6.125                6.125              595000             594923.89               1/1/2007             12/1/2036                  3036.98      360   72.13     CA                   2/1/2007        N                 825000                   1          3            3036.98                                                                               92881          11/30/2006             17      PA1605EI_ARM-INTONLY                             0                 0                                 0   72.13                        672           43.74     3YR                                        12/1/2011            6           3           1               3
     2503197351       SFR                               1     OO        REFI                  Y                             6.375                6.375              197000                197000               1/1/2007             12/1/2036                  1046.56      360   70.36     CA                   2/1/2007        N                 280000                   1          3            1046.56                                                                               93618          11/27/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0   70.36                        676           27.28     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503197359       SFR                               1     OO        REFI                  N                               6.6                  6.6              416000                416000               1/1/2007             12/1/2036                     2288      360      80     CA                   2/1/2007        N                 520000                   1          3               2288                                                                               94513          11/20/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            104000     100                        687           44.79     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503197369       SFR                               1     OO        REFI                  Y                             5.625                5.625              548000                548000               1/1/2007             12/1/2036                  2568.75      360      80     CA                   2/1/2007        N                 685000                   1          3            2568.75                                                                               93927          11/20/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        768           42.05     1YR                                        12/1/2011            6           3           1               3
     2503197385       CONDO                             1     NOO       PURCHASE              N                              6.95                 6.95              118650                118650               3/1/2007              2/1/2037                   687.18      360      70     AZ                   2/1/2007        N                 169500                   1          3             687.18                                                                               85251            1/5/2007              2      PA0605EI_ARM-INTONLY                             0            169500                             42375      95                        692           46.91     NO-PREPAY                                   2/1/2012            6           3           1               3
     2503197396       CONDO                             1     OO        PURCHASE              N                              6.65                 6.65              140400                140400               1/1/2007             12/1/2036                   778.05      360      80     WA                   2/1/2007        N                 175500                   1      3.875             778.05                                                                               98058           12/1/2006              2      PA0605EI_ARM-INTONLY                             0            175500                             35100     100                        684            37.1     2YR                                        12/1/2011            6           3           1           3.875
     2503197409       CONDO                             1     NOO       REFI                  N                             11.75                11.75               35000              34978.02               1/1/2007             12/1/2021                   353.29      180      20     CO                   2/1/2007        Y                 175000                   2          0             353.29                                                                               80133          11/29/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        701           42.61     3YR                                                             0           0           0               0
     2503197412       SFR                               1     OO        PURCHASE              N                               6.2                  6.2              322500             322416.69               1/1/2007             12/1/2036                  1666.25      360      75     CA                   2/1/2007        N                 460000                   1       2.75            1666.25                                                                               93635           12/4/2006              2      PA0605EI_ARM-INTONLY                             0            430000                            107500     100                        725           41.81     NO-PREPAY                                  12/1/2011            6           3           1            2.75
     2503197443       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              188000                188000               1/1/2007             12/1/2036                  1018.33      360      80     VA                   2/1/2007        N                 240000                   1          4            1018.33                                                                               22407          11/30/2006              2      PA1605EI_ARM-INTONLY                             0            235000                             47000     100                        654           31.79     3YR                                        12/1/2011            6           3           1               4
     2503197444       SFR                               1     OO        REFI                  N                              5.77                 5.77              534000             532886.49               1/1/2007             12/1/2036                  3123.07      360   48.11     WA                   2/1/2007        N                1110000                   1          0            3123.07                                                                               98004          11/28/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   48.11                        760           53.14     3YR                                                             0           0           0               0
     2503197445       SFR                               1     OO        PURCHASE              N                              12.7                 12.7               47000              46976.87               1/1/2007             12/1/2021                   508.92      180      20     VA                   2/1/2007        Y                 240000                   2          0             508.92                                                                               22407          11/30/2006              2      TB1630_BALLOON                                   0            235000                                 0     100                        654           31.79     NO-PREPAY                                                       0           0           0               0
     2503197466       SFR                               1     OO        PURCHASE              N                             7.375                7.375              122000                122000               2/1/2007              1/1/2037                   749.79      360      80     MD                   2/1/2007        N                 195000                   1          3             749.79                                                                               21206           12/1/2006              2      PA1605EI_ARM-INTONLY                             0            152500                             30500     100                        676           13.15     1YR                                         1/1/2012            6           3           1               3
     2503197502       CONDO                             1     OO        PURCHASE              N                               6.3                  6.3              200925             200736.19               2/1/2007              1/1/2037                  1243.67      360      75     FL                   2/1/2007        N                 267900                   1          3            1243.67                                                                               33166          12/14/2006              1      PA2605E_ARM                                      0            267900                             66975     100                        625           43.05     2YR                                         1/1/2012            6           3           1               3
     2503197503       CONDO                             1     OO        PURCHASE              N                             12.49                12.49               66975              66957.82               2/1/2007              1/1/2022                   714.28      180      25     FL                   2/1/2007        Y                 267900                   2          0             714.28                                                                               33166          12/14/2006              1      TB2630_BALLOON                                   0            267900                                 0     100                        625           43.05     3YR                                                             0           0           0               0
     2503197519       SFR                               1     2ND       REFI                  Y                              7.75                 7.75              160000                160000               1/1/2007             12/1/2036                  1033.33      360      80     WA                   2/1/2007        N                 200000                   1          3            1033.33                                                                               98407           12/4/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        646            43.4     2YR                                        12/1/2011            6           3           1               3
     2503197525       D-PUDS                            1     OO        REFI                  N                               8.2                  8.2              248000                248000               1/1/2007             12/1/2036                  1694.67      360      80     IL                   2/1/2007        N                 310000                   1          3            1694.67                                                                               60560           12/1/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             59500    99.2                        699           42.29     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503197547       SFR                               1     OO        REFI                  Y                              6.55                 6.55              275600                275600               2/1/2007              1/1/2037                  1504.32      360   74.09     CA                   2/1/2007        N                 372000                   1      3.875            1504.32                                                                               95207          12/15/2006              2      PA0607EI_ARM-INTONLY                             0                 0                             74400   94.09                        704           46.82     1YR                                         1/1/2014            6           3           1           3.875
     2503197570       SFR                               1     OO        PURCHASE              N                               6.8                  6.8              284000                284000               2/1/2007              1/1/2037                  1609.33      360      80     CA                   2/1/2007        N                 355000                   1          3            1609.33                                                                               92503          12/13/2006              2      PA0605EI_ARM-INTONLY                             0            355000                             71000     100                        694           40.69     3YR                                         1/1/2012            6           3           1               3
     2503197584       D-PUDS                            1     OO        PURCHASE              N                             6.675                6.675              472500                472500               1/1/2007             12/1/2036                  2628.28      360      75     AZ                   2/1/2007        N                 630000                   1          3            2628.28                                                                               85086          11/27/2006              2      PA1605EI_ARM-INTONLY                             0            630000                            157500     100                        673           44.07     1YR                                        12/1/2011            6           3           1               3
     2503197585       D-PUDS                            1     OO        PURCHASE              N                             11.85                11.85              157500             157406.36               1/1/2007             12/1/2021                   1601.9      180      25     AZ                   2/1/2007        Y                 630000                   2          0             1601.9                                                                               85086          11/27/2006              2      TB1630_BALLOON                                   0            630000                                 0     100                        673           44.07     1YR                                                             0           0           0               0
     2503197648       CONDO                             1     NOO       PURCHASE              N                               6.6                  6.6              241500                241500               2/1/2007              1/1/2037                  1328.25      360      70     CA                   2/1/2007        N                 345000                   1          3            1328.25                                                                               92116          12/18/2006              2      PA1605EI_ARM-INTONLY                             0            345000                             86250      95                        678           38.53     2YR                                         1/1/2012            6           3           1               3
     2503197655       CONDO                             1     NOO       PURCHASE              N                             13.44                13.44               86250              86232.15               2/1/2007              1/1/2022                   983.85      180      25     CA                   2/1/2007        Y                 345000                   2          0             983.85                                                                               92116          12/18/2006              2      TB1630_BALLOON                                   0            345000                                 0      95                        678           38.53     NO-PREPAY                                                       0           0           0               0
     2503197659       SFR                               1     OO        PURCHASE              N                             6.875                6.875              400000                400000               1/1/2007             12/1/2036                  2291.67      360      80     CA                   2/1/2007        N                 500000                   1          3            2291.67                                                                               95757          11/30/2006              2      PA0605EI_ARM-INTONLY                             0            500000                            100000     100                        703           30.85     1YR                                        12/1/2011            6           3           1               3
     2503197668       CONDO                             1     OO        PURCHASE              N                              7.25                 7.25              126350                126350               2/1/2007              1/1/2037                   763.36      360   79.98     FL                   2/1/2007        N                 166500                   1          3             763.36                                                                               33411          12/12/2006              2      PA1605EI_ARM-INTONLY                             0            157990                             31600   99.98                        676            27.5     3YR                                         1/1/2012            6           3           1               3
     2503197678       SFR                               1     NOO       PURCHASE              N                              7.49                 7.49              600000                600000               2/1/2007              1/1/2037                     3745      360      80     WA                   2/1/2007        N                 750000                   1          3               3745                                                                               98056          12/27/2006              2      PA1605EI_ARM-INTONLY                             0            750000                            112500      95                        653           48.34     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503197679       SFR                               1     NOO       PURCHASE              N                            14.395               14.395              112500              112481.3               2/1/2007              1/1/2037                  1368.23      360      15     WA                   2/1/2007        N                 750000                   2          0            1368.23                                                                               98056          12/27/2006              2      TF1630_FIXEDRATE                                 0            750000                                 0      95                        653           48.34     NO-PREPAY                                                       0           0           0               0
     2503197705       SFR                               1     OO        REFI                  N                              7.65                 7.65              520000                520000               1/1/2007             12/1/2036                     3315      360      80     CA                   2/1/2007        N                 650000                   1          3               3315                                                                               94565          11/29/2006              2      PA1605EI_ARM-INTONLY                             0                 0                            130000     100                        660           45.79     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503197706       SFR                               1     OO        REFI                  N                              12.5                 12.5              130000             129933.11               1/1/2007             12/1/2021                  1387.44      180      20     CA                   2/1/2007        Y                 650000                   2          0            1387.44                                                                               94565          11/29/2006              2      TB1630_BALLOON                                   0                 0                                 0     100                        656           45.79     NO-PREPAY                                                       0           0           0               0
     2503197718       SFR                               1     OO        PURCHASE              N                             5.875                5.875              615000             613742.89               1/1/2007             12/1/2036                  3637.96      360   62.13     CA                   2/1/2007        N                 990000                   1          3            3637.96                                                                               91302           12/4/2006             15      SA0605E_ARM                                      0            990000                                 0   62.13                        778               0     3YR                                        12/1/2011            6           3           1               3
     2503197742       2-4FAMILY                         2     OO        REFI                  N                              6.99                 6.99              595000                595000               2/1/2007              1/1/2037                  3465.88      360      70     HI                   2/1/2007        N                 850000                   1       2.75            3465.88                                                                               96717          12/14/2006              2      PA2605EI_ARM-INTONLY                             0                 0                                 0      70                        635           44.05     NO-PREPAY                                   1/1/2012            6           3           1            2.75
     2503197766       D-PUDS                            1     OO        REFI                  N                              5.49                 5.49              292800             292799.92               2/1/2007              1/1/2037                  1339.56      360      80     CA                   2/1/2007        N                 366000                   1      3.875            1339.56                                                                               93312          12/13/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        776           39.16     3YR                                         1/1/2012            6           3           1           3.875
     2503197788       SFR                               1     OO        REFI                  Y                              6.55                 6.55              480000                480000               1/1/2007             12/1/2036                     2620      360   71.12     MN                   2/1/2007        N                 675000                   1          3               2620                                                                               55025           12/4/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0   71.12                        676              45     3YR                                        12/1/2011            6           3           1               3
     2503197796       CONDO                             1     OO        PURCHASE              N                             7.075                7.075              213750                213750               2/1/2007              1/1/2037                  1260.23      360      75     FL                   2/1/2007        N                 285000                   1          3            1260.23                                                                               33444          12/22/2006              2      PA0605EI_ARM-INTONLY                             0            285000                             71250     100                        733           34.38     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503197807       SFR                               1     OO        REFI                  Y                            12.125               12.125              120000             119966.61               2/1/2007              1/1/2022                  1245.89      180      20     CA                   2/1/2007        Y                 600000                   2          0            1245.89                                                                               91321           12/7/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        646              45     1YR                                                             0           0           0               0
     2503197830       SFR                               1     OO        REFI                  N                               6.6                  6.6              357800                357800               1/1/2007             12/1/2036                   1967.9      360      80     CA                   2/1/2007        N                 447250                   1          3             1967.9                                                                               95240           12/5/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        673           38.08     3YR                                        12/1/2011            6           3           1               3
     2503197833       D-PUDS                            1     NOO       REFI                  N                                 7                    7              508500                508500               2/1/2007              1/1/2037                  2966.25      360      75     GA                   2/1/2007        N                 678000                   1          3            2966.25                                                                               30064          12/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             97000   89.31                        753           28.62     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503197834       D-PUDS                            1     NOO       REFI                  N                            12.125               12.125               97000                 96973               2/1/2007              1/1/2022                   1007.1      180   14.31     GA                   2/1/2007        Y                 678000                   2          0             1007.1                                                                               30064          12/29/2006              2      TB0630_BALLOON                                   0                 0                                 0   89.31                        753           28.62     NO-PREPAY                                                       0           0           0               0
     2503197848       SFR                               1     NOO       PURCHASE              N                              8.05                 8.05              246400                246400               1/1/2007             12/1/2036                  1652.93      360      80     CA                   2/1/2007        N                 308000                   1          3            1652.93                                                                               95206           12/1/2006              2      PA0605EI_ARM-INTONLY                             0            308000                             46200      95                        732           44.17     1YR                                        12/1/2011            6           3           1               3
     2503197849       SFR                               1     NOO       PURCHASE              N                             11.95                11.95               46200              46173.14               1/1/2007             12/1/2021                   473.44      180      15     CA                   2/1/2007        Y                 308000                   2          0             473.44                                                                               95206           12/1/2006              2      TB0630_BALLOON                                   0            308000                                 0      95                        732           44.17     NO-PREPAY                                                       0           0           0               0
     2503197855       SFR                               1     OO        REFI                  Y                              12.5                 12.5               99500              99448.81               1/1/2007             12/1/2021                  1061.92      180      25     UT                   2/1/2007        Y                 398000                   2          0            1061.92                                                                               84404          11/29/2006              2      TB1630_BALLOON                                   0                 0                                 0     100                        660            41.6     NO-PREPAY                                                       0           0           0               0
     2503197859       CONDO                             1     OO        PURCHASE              N                              7.65                 7.65              224000                224000               1/1/2007             12/1/2036                     1428      360      80     FL                   2/1/2007        N                 280000                   1          3               1428                                                                               33312          11/27/2006              2      PA1605EI_ARM-INTONLY                             0            280000                             56000     100                        656           44.43     2YR                                        12/1/2011            6           3           1               3
     2503197860       CONDO                             1     OO        PURCHASE              N                              12.9                 12.9               56000              55973.66               1/1/2007             12/1/2021                    615.1      180      20     FL                   2/1/2007        Y                 280000                   2          0              615.1                                                                               33312          11/27/2006              2      TB1630_BALLOON                                   0            280000                                 0     100                        656           44.43     2YR                                                             0           0           0               0
     2503197864       D-PUDS                            1     OO        PURCHASE              N                              5.99                 5.99              382500                382500               1/1/2007             12/1/2036                  1909.31      360      75     CA                   2/1/2007        N                 550000                   1          3            1909.31                                                                               91913          11/30/2006              2      PA0605EI_ARM-INTONLY                             0            510000                             76500      90                        690           42.01     3YR                                        12/1/2011            6           3           1               3
     2503197878       D-PUDS                            1     OO        PURCHASE              N                              7.25                 7.25              522400                522400               1/1/2007             12/1/2036                  3156.17      360      80     NV                   2/1/2007        N                 655000                   1          3            3156.17                                                                               89129           12/6/2006              2      PA1605EI_ARM-INTONLY                             0            653000                            130600     100                        666           44.46     1YR                                        12/1/2011            6           3           1               3
     2503197879       SFR                               1     NOO       REFI                  N                              7.75                 7.75              120000                120000               2/1/2007              1/1/2037                      775      360      80     IL                   2/1/2007        N                 150000                   1          3                775                                                                               60617          12/20/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        654           41.92     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503197880       D-PUDS                            1     OO        PURCHASE              N                             11.35                11.35              130600             130513.33               1/1/2007             12/1/2021                  1278.39      180      20     NV                   2/1/2007        Y                 655000                   2          0            1278.39                                                                               89129           12/6/2006              2      TB1630_BALLOON                                   0            653000                                 0     100                        666           44.46     2YR                                                             0           0           0               0
     2503197891       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              252000                252000               2/1/2007              1/1/2037                   1312.5      360      80     CA                   2/1/2007        N                 325000                   1          0             1312.5                                                                               95209          12/13/2006              2      PF1630I_FIX-INTONLY                              0            315000                                 0      80                        655           40.04     3YR                                                             0           0           0               0
     2503197895       SFR                               1     OO        REFI                  Y                                 6                    6              520000             519476.47               1/1/2007             12/1/2036                  2861.11      360    69.8     HI                   2/1/2007        Y                 745000                   1          3            2861.11                                                                               96732          11/27/2006              2      PL3605E_ARM-BALLOON                              0                 0                                 0    69.8                        617           45.65     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503197897       SFR                               1     OO        PURCHASE              N                              11.4                 11.4               82400               82345.9               1/1/2007             12/1/2021                   809.72      180      20     HI                   2/1/2007        Y                 412000                   2          0             809.72                                                                               96792          11/30/2006              2      TB1630_BALLOON                                   0            412000                                 0     100                        670           47.36     3YR                                                             0           0           0               0
     2503197930       D-PUDS                            1     OO        PURCHASE              N                               7.5                  7.5              292000                292000               1/1/2007             12/1/2036                     1825      360      80     NV                   2/1/2007        N                 365000                   1          3               1825                                                                               89512           12/6/2006              2      PA1605EI_ARM-INTONLY                             0            365000                             73000     100                        660           47.82     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503197931       D-PUDS                            1     OO        PURCHASE              N                             12.19                12.19               73000              72959.75               1/1/2007             12/1/2021                   761.58      180      20     NV                   2/1/2007        Y                 365000                   2          0             761.58                                                                               89512           12/6/2006              2      TB1630_BALLOON                                   0            365000                                 0     100                        660           47.82     NO-PREPAY                                                       0           0           0               0
     2503197949       SFR                               1     NOO       REFI                  N                               6.7                  6.7              124000             123948.62               2/1/2007              1/1/2037                   743.71      360   71.68     MN                   2/1/2007        Y                 173000                   1          3             743.71                                                                               55411           12/4/2006              2      PL0605E_ARM-BALLOON                              0                 0                             14000   79.77                        732           30.51     3YR                                         1/1/2012            6           3           1               3
     2503197987       SFR                               1     OO        PURCHASE              N                              6.49                 6.49              326250             325657.38               1/1/2007             12/1/2036                  2059.98      360      75     FL                   2/1/2007        N                 435000                   1      3.875            2059.98                                                                               33182          11/27/2006              2      PA1605E_ARM                                      0            435000                            108750     100                        660           39.76     2YR                                        12/1/2011            6           3           1           3.875
     2503197988       SFR                               1     OO        PURCHASE              N                             11.74                11.74              108750             108683.76               1/1/2007             12/1/2021                   1096.9      180      25     FL                   2/1/2007        Y                 435000                   2          0             1096.9                                                                               33182          11/27/2006              2      TB1630_BALLOON                                   0            435000                                 0     100                        660           39.92     2YR                                                             0           0           0               0
     2503197990       D-PUDS                            1     OO        PURCHASE              N                               7.5                  7.5              235992             235356.61               2/1/2007              1/1/2037                  1474.95      360      80     FL                   2/1/2007        N                 296000                   1          3            1474.95                                                                               33033           12/7/2006              2      PA1605EI_ARM-INTONLY                             0            294990                             58998     100                        647            48.9     1YR                                         1/1/2012            6           3           1               3
     2503197991       D-PUDS                            1     OO        PURCHASE              N                            12.625               12.625               58998              58983.32               2/1/2007              1/1/2022                   635.39      180      20     FL                   2/1/2007        Y                 296000                   2          0             635.39                                                                               33033           12/7/2006              2      TB1630_BALLOON                                   0            294990                                 0     100                        647            48.9     1YR                                                             0           0           0               0
     2503198003       SFR                               1     OO        PURCHASE              N                              6.15                 6.15              238400              238399.6               1/1/2007             12/1/2036                   1221.8      360      80     MD                   2/1/2007        N                 301300                   1          3             1221.8                                                                               20743          11/29/2006              2      PA1605EI_ARM-INTONLY                             0            298000                             59600     100                        678           31.58     3YR                                        12/1/2011            6           3           1               3
     2503198004       SFR                               1     OO        PURCHASE              N                             11.75                11.75               59600              59562.98               1/1/2007             12/1/2021                   601.61      180      20     MD                   2/1/2007        Y                 301300                   2          0             601.61                                                                               20743          11/29/2006              2      TB1630_BALLOON                                   0            298000                                 0     100                        678           31.58     NO-PREPAY                                                       0           0           0               0
     2503198007       SFR                               1     NOO       REFI                  Y                             6.082                6.082              273000                273000               2/1/2007              1/1/2037                  1383.66      360      70     FL                   2/1/2007        N                 390000                   1          3            1383.66                                                                               33013          12/27/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             97500      95                        735           35.78     1YR                                         1/1/2012            6           3           1               3
     2503198009       SFR                               1     NOO       REFI                  N                            11.725               11.725               97500              97470.35               2/1/2007              1/1/2022                   982.31      180      25     FL                   2/1/2007        Y                 390000                   2          0             982.31                                                                               33013          12/27/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        735           35.78     NO-PREPAY                                                       0           0           0               0
     2503198012       2-4FAMILY                         2     NOO       PURCHASE              N                              8.75                 8.75              202400                202400               1/1/2007             12/1/2036                  1475.83      360      80     FL                   2/1/2007        N                 253000                   1          3            1475.83                                                                               33441          11/30/2006              7      SA2605EI_ARM-INTONLY                             0            253000                                 0      80                        635               0     3YR                                        12/1/2011            6           3           1               3
     2503198021       SFR                               1     OO        REFI                  N                              6.25                 6.25              568000                568000               1/1/2007             12/1/2036                  2958.33      360      80     CA                   2/1/2007        N                 710000                   1          3            2958.33                                                                               91343          11/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            142000     100                        716           31.52     3YR                                        12/1/2011            6           3           1               3
     2503198054       CONDO                             1     NOO       PURCHASE              N                              6.99                 6.99               85500              85429.78               2/1/2007              1/1/2037                   568.26      360      75     FL                   2/1/2007        N                 123000                   1          3             568.26                                                                               32714           12/4/2006              2      PA0605E_ARM                                      0            114000                             22800      95                        730           29.51     3YR                                         1/1/2012            6           3           1               3
     2503198078       SFR                               1     OO        PURCHASE              N                              7.45                 7.45              308000                308000               2/1/2007              1/1/2037                  1912.17      360      80     IN                   2/1/2007        N                 385000                   1          0            1912.17                                                                               46324          12/21/2006              2      PF0630I_FIX-INTONLY                              0            385000                             77000     100                        707           36.67     2YR                                                             0           0           0               0
     2503198095       SFR                               1     OO        PURCHASE              N                             12.24                12.24              215000             214882.77               1/1/2007             12/1/2021                  2251.32      180      25     FL                   2/1/2007        Y                 860000                   2          0            2251.32                                                                               33015          11/30/2006              2      TB1630_BALLOON                                   0            860000                                 0     100                        657           41.69     3YR                                                             0           0           0               0
     2503198099       CONDO                             1     NOO       PURCHASE              N                            12.725               12.725               22800              22794.45               2/1/2007              1/1/2022                   247.32      180      20     FL                   2/1/2007        Y                 123000                   2          0             247.32                                                                               32714           12/4/2006              2      TB0630_BALLOON                                   0            114000                                 0      95                        730           29.51     3YR                                                             0           0           0               0
     2503198120       SFR                               1     OO        REFI                  N                                 6                    6              400000                400000               1/1/2007             12/1/2036                     2000      360   74.63     CA                   2/1/2007        N                 536000                   1          3               2000                                                                               93445          11/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            109200      95                        697           42.39     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503198121       CONDO                             1     OO        REFI                  N                               7.5                  7.5              472000                472000               1/1/2007             12/1/2036                     2950      360      80     CA                   2/1/2007        N                 590000                   1          3               2950                                                                               91354          11/30/2006              2      PA1605EI_ARM-INTONLY                             0                 0                            118000     100                        670           45.89     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503198124       CONDO                             1     OO        REFI                  Y                              12.5                 12.5              118000              117939.3               1/1/2007             12/1/2021                  1259.36      180      20     CA                   2/1/2007        Y                 590000                   2          0            1259.36                                                                               91354          11/30/2006              2      TB1630_BALLOON                                   0                 0                                 0     100                        670           45.89     NO-PREPAY                                                       0           0           0               0
     2503198134       SFR                               1     NOO       PURCHASE              N                             7.125                7.125              315000                315000               2/1/2007              1/1/2037                  1870.31      360      75     CA                   2/1/2007        N                 425000                   1          3            1870.31                                                                               92315          12/12/2006              2      PA0605EI_ARM-INTONLY                             0            420000                             84000      95                        693           45.05     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503198135       SFR                               1     NOO       PURCHASE              N                                13                   13               84000              83980.79               2/1/2007              1/1/2022                   929.21      180      20     CA                   2/1/2007        Y                 425000                   2          0             929.21                                                                               92315          12/12/2006              2      TB0630_BALLOON                                   0            420000                                 0      95                        693           45.05     NO-PREPAY                                                       0           0           0               0
     2503198136       SFR                               1     OO        REFI                  Y                              5.45                 5.45              277300             277299.76               2/1/2007              1/1/2037                   1259.4      360    56.6     CA                   2/1/2007        N                 490000                   1          3             1259.4                                                                               90301           12/7/2006             17      PA1605EI_ARM-INTONLY                             0                 0                                 0    56.6                        658           41.58     3YR                                         1/1/2012            6           3           1               3
     2503198141       CONDO                             1     OO        REFI                  N                              5.75                 5.75              167500                167500               2/1/2007              1/1/2037                    802.6      360   60.25     CA                   2/1/2007        N                 278052                   1          3              802.6                                                                               92109           12/7/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0   60.25                        805           35.99     3YR                                         1/1/2012            6           3           1               3
     2503198150       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              378000                378000               1/1/2007             12/1/2036                  1968.75      360      70     CA                   2/1/2007        N                 545000                   1      3.875            1968.75                                                                               90280           12/8/2006              2      PA1605EI_ARM-INTONLY                             0            540000                            162000     100                        652           40.11     3YR                                        12/1/2011            6           3           1           3.875
     2503198151       SFR                               1     OO        PURCHASE              N                            11.975               11.975              162000             161906.31               1/1/2007             12/1/2021                  1663.24      180      30     CA                   2/1/2007        Y                 545000                   2          0            1663.24                                                                               90280           12/8/2006              2      TB1630_BALLOON                                   0            540000                                 0     100                        652           40.11     3YR                                                             0           0           0               0
     2503198156       SFR                               1     NOO       REFI                  Y                              6.65                 6.65              435000                435000               2/1/2007              1/1/2037                  2410.63      360      75     CA                   2/1/2007        N                 580000                   1          3            2410.63                                                                               91335          12/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            116000      95                        750           36.45     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503198160       SFR                               1     NOO       REFI                  N                             12.05                12.05              116000             115967.17               2/1/2007              1/1/2022                  1197.66      180      20     CA                   2/1/2007        Y                 580000                   2          0            1197.66                                                                               91335          12/29/2006              2      TB0630_BALLOON                                   0                 0                                 0      95                        750           23.32     NO-PREPAY                                                       0           0           0               0
     2503198165       SFR                               1     OO        PURCHASE              N                               6.5                  6.5               96000                 96000               1/1/2007             12/1/2036                      520      360      75     FL                   2/1/2007        N                 128000                   1          3                520                                                                               33610          11/30/2006              2      PA0605EI_ARM-INTONLY                             0            128000                             32000     100                        723           36.35     1YR                                        12/1/2011            6           3           1               3
     2503198178       2-4FAMILY                         3     OO        PURCHASE              N                               6.4                  6.4              437250                437250               2/1/2007              1/1/2037                     2332      360      75     NY                   2/1/2007        N                 630000                   1          3               2332                                                                               11221           12/5/2006              2      PA1605EI_ARM-INTONLY                             0            583000                            116600      95                        644           40.03     1YR                                         1/1/2012            6           3           1               3
     2503198179       2-4FAMILY                         3     OO        PURCHASE              N                              12.7                 12.7              116600             116571.47               2/1/2007              1/1/2022                  1262.55      180      20     NY                   2/1/2007        Y                 630000                   2          0            1262.55                                                                               11221           12/5/2006              2      TB1630_BALLOON                                   0            583000                                 0      95                        644           40.03     NO-PREPAY                                                       0           0           0               0
     2503198187       SFR                               1     OO        PURCHASE              N                              5.99                 5.99              424800                424800               1/1/2007             12/1/2036                  2120.46      360      80     CA                   2/1/2007        N                 560000                   1      3.875            2120.46                                                                               95829          11/28/2006              2      PA0605EI_ARM-INTONLY                             0            531050                            106200     100                        751           34.38     2YR                                        12/1/2011            6           3           1           3.875
     2503198189       SFR                               1     OO        PURCHASE              N                               6.2                  6.2              337500                337500               1/1/2007             12/1/2036                  1743.75      360      75     FL                   2/1/2007        N                 450000                   1          3            1743.75                                                                               33174          11/30/2006              1      PA2603EI_ARM-INTONLY                             0            450000                            112500     100                        626           41.67     3YR                                        12/1/2009            6           3           1               3
     2503198190       SFR                               1     OO        PURCHASE              N                             12.79                12.79              112500             112445.75               1/1/2007             12/1/2021                  1226.04      180      25     FL                   2/1/2007        Y                 450000                   2          0            1226.04                                                                               33174          11/30/2006              1      TB2630_BALLOON                                   0            450000                                 0     100                        626           41.67     NO-PREPAY                                                       0           0           0               0
     2503198192       CONDO                             1     NOO       PURCHASE              N                               6.2                  6.2              341250                341250               2/1/2007              1/1/2037                  1763.13      360      75     CA                   2/1/2007        N                 460000                   1          3            1763.13                                                                               95051          12/13/2006              2      PA0605EI_ARM-INTONLY                             0            455000                                 0      75                        748           43.08     3YR                                         1/1/2012            6           3           1               3
     2503198201       SFR                               1     OO        PURCHASE              N                             7.625                7.625              483200             482850.27               2/1/2007              1/1/2037                  3420.06      360      80     IL                   2/1/2007        N                 604000                   1          3            3420.06                                                                               60641          12/18/2006              2      PA0605E_ARM                                      0            604000                            120800     100                        736           41.38     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503198207       SFR                               1     NOO       PURCHASE              N                               6.6                  6.6              300000                300000               1/1/2007             12/1/2036                     1650      360      75     IL                   2/1/2007        N                 417500                   1          3               1650                                                                               60712          11/30/2006              2      PA0605EI_ARM-INTONLY                             0            400000                             80000      95                        785           29.76     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503198210       2-4FAMILY                         4     OO        PURCHASE              N                               6.6                  6.6              255000                255000               1/1/2007             12/1/2036                   1402.5      360      75     IL                   2/1/2007        N                 345000                   1          3             1402.5                                                                               60636          11/30/2006              1      PA0605EI_ARM-INTONLY                             0            340000                             85000     100                        783           43.98     1YR                                        12/1/2011            6           3           1               3
     2503198257       SFR                               1     OO        REFI                  N                              6.99                 6.99              148000                148000               2/1/2007              1/1/2037                    862.1      360      80     CO                   2/1/2007        N                 185000                   1          3              862.1                                                                               80010          12/18/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             37000     100                        685           46.04     3YR                                         1/1/2012            5           3           1               3
     2503198261       PUD                               1     OO        PURCHASE              N                                12                   12               57250              57233.62               2/1/2007              1/1/2022                   588.88      180      25     MN                   2/1/2007        Y                 230000                   2          0             588.88                                                                               55119           12/8/2006              2      TB1630_BALLOON                                   0            229000                                 0     100                        662            44.8     NO-PREPAY                                                       0           0           0               0
     2503198271       CONDO                             1     OO        REFI                  Y                             7.675                7.675              198400             198257.84               2/1/2007              1/1/2037                  1411.09      360      80     FL                   2/1/2007        N                 248000                   1          3            1411.09                                                                               33186          12/26/2006              1      PA1605E_ARM                                      0                 0                                 0      80                        640           24.38     3YR                                         1/1/2012            6           3           1               3
     2503198274       SFR                               1     OO        PURCHASE              N                              7.45                 7.45              209250                209250               2/1/2007              1/1/2037                  1299.09      360      75     FL                   2/1/2007        N                 290000                   1          3            1299.09                                                                               34461          12/13/2006              2      PA1605EI_ARM-INTONLY                             0            279000                             69750     100                        653           49.21     2YR                                         1/1/2012            6           3           1               3
     2503198277       SFR                               1     OO        PURCHASE              N                            12.725               12.725               69750              69733.03               2/1/2007              1/1/2022                   756.61      180      25     FL                   2/1/2007        Y                 290000                   2          0             756.61                                                                               34461          12/13/2006              2      TB1630_BALLOON                                   0            279000                                 0     100                        653           49.21     2YR                                                             0           0           0               0
     2503198278       2-4FAMILY                         3     OO        PURCHASE              N                               7.9                  7.9              637500                637500               2/1/2007              1/1/2037                  4196.88      360      75     NY                   2/1/2007        N                 850000                   1          3            4196.88                                                                               11101          12/19/2006              2      PA0605EI_ARM-INTONLY                             0            850000                            170000      95                        742           42.24     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503198280       SFR                               1     OO        PURCHASE              N                              5.75                 5.75              433300                433300               2/1/2007              1/1/2037                  2076.23      360      70     CA                   2/1/2007        N                 619000                   1          3            2076.23                                                                               92802           12/6/2006              2      PA0605EI_ARM-INTONLY                             0            619000                            185700     100                        692           45.53     3YR                                         1/1/2012            6           3           1               3
     2503198317       2-4FAMILY                         2     OO        PURCHASE              N                              6.89                 6.89              555200                555200               1/1/2007             12/1/2036                  3187.77      360      80     CA                   2/1/2007        N                 694000                   1          3            3187.77                                                                               95116           12/1/2006              2      PA1605EI_ARM-INTONLY                             0            694000                            138800     100                        677           45.67     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503198334       CONDO                             1     OO        PURCHASE              N                                 8                    8              344000                344000               1/1/2007             12/1/2036                  2293.33      360      80     CA                   2/1/2007        N                 435000                   1      3.875            2293.33                                                                               92649           12/4/2006              2      PA1605EI_ARM-INTONLY                             0            430000                             86000     100                        649           41.73     NO-PREPAY                                  12/1/2011            6           3           1           3.875
     2503198335       CONDO                             1     OO        PURCHASE              N                              12.7                 12.7               86000              85957.69               1/1/2007             12/1/2021                   931.21      180      20     CA                   2/1/2007        Y                 435000                   2          0             931.21                                                                               92649           12/4/2006              2      TB1630_BALLOON                                   0            430000                                 0     100                        649           41.73     NO-PREPAY                                                       0           0           0               0
     2503198339       SFR                               1     NOO       REFI                  Y                             7.125                7.125              187500                187500               1/1/2007             12/1/2036                  1113.28      360   73.53     NV                   2/1/2007        N                 255000                   1          3            1113.28                                                                               89145          11/30/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             37500   88.24                        662           35.97     1YR                                        12/1/2011            6           3           1               3
     2503198340       CONDO                             1     OO        PURCHASE              N                             5.875                5.875              373750                373750               2/1/2007              1/1/2037                  1829.82      360    74.9     CA                   2/1/2007        N                 535000                   1          3            1829.82                                                                               92653          12/26/2006              2      PA0605EI_ARM-INTONLY                             0            499000                             49900    84.9                        693           39.11     2YR                                         1/1/2012            6           3           1               3
     2503198346       SFR                               1     OO        REFI                  N                             6.875                6.875              385000             384676.55               2/1/2007              1/1/2037                  2529.18      360   72.65     NY                   2/1/2007        N                 530000                   1          0            2529.18                                                                               11426          12/19/2006              2      PF1630_FIXEDRATE                                 0                 0                                 0   72.65                        650           39.77     1YR                                                             0           0           0               0
     2503198353       CONDO                             1     OO        REFI                  N                              6.25                 6.25              453500                453500               2/1/2007              1/1/2037                  2361.98      360   74.11     CA                   2/1/2007        N                 612000                   1      3.875            2361.98                                                                               92606          12/18/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   74.11                        691           43.01     1YR                                         1/1/2012            6           3           1           3.875
     2503198356       SFR                               1     NOO       REFI                  Y                             12.99                12.99               37500              37482.72               1/1/2007             12/1/2021                   414.53      180   14.71     NV                   2/1/2007        Y                 255000                   2          0             414.53                                                                               89145          11/30/2006              2      TB1630_BALLOON                                   0                 0                                 0   88.24                        662           35.77     NO-PREPAY                                                       0           0           0               0
     2503198365       SFR                               1     NOO       REFI                  N                              7.31                 7.31              431250                431250               1/1/2007             12/1/2036                  2627.03      360      75     CA                   2/1/2007        N                 575000                   1          3            2627.03                                                                               91709          11/29/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             86250      90                        656           44.48     2YR                                        12/1/2011            6           3           1               3
     2503198366       SFR                               1     NOO       REFI                  Y                             13.79                13.79               86250              86216.87               1/1/2007             12/1/2021                  1007.63      180      15     CA                   2/1/2007        Y                 575000                   2          0            1007.63                                                                               91709          11/29/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        656           44.48     2YR                                                             0           0           0               0
     2503198384       2-4FAMILY                         3     NOO       REFI                  Y                               6.5                  6.5              250000             249754.17               2/1/2007              1/1/2037                  1580.17      360    46.3     CA                   2/1/2007        N                 540000                   1          0            1580.17                                                                               90001            1/8/2007              2      PF0630_FIXEDRATE                                 0                 0                                 0    46.3                        780           24.24     3YR                                                             0           0           0               0
     2503198391       D-PUDS                            1     OO        PURCHASE              N                             11.75                11.75               98000              97970.36               2/1/2007              1/1/2022                   989.22      180      20     HI                   2/1/2007        Y                 513000                   2          0             989.22                                                                               96706           12/5/2006              2      TB1630_BALLOON                                   0            490000                                 0     100                        669           41.42     1YR                                                             0           0           0               0
     2503198398       D-PUDS                            1     OO        PURCHASE              N                             6.999                6.999              455900                455900               2/1/2007              1/1/2037                  2659.04      360      80     MD                   2/1/2007        N                 588000                   1          3            2659.04                                                                               21701           12/7/2006              2      PA1605EI_ARM-INTONLY                             0            569900                            113950     100                        642           49.56     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503198399       D-PUDS                            1     OO        PURCHASE              N                             12.35                12.35              113950             113919.85               2/1/2007              1/1/2022                  1202.89      180      20     MD                   2/1/2007        Y                 588000                   2          0            1202.89                                                                               21701           12/7/2006              2      TB1630_BALLOON                                   0            569900                                 0     100                        642           49.56     NO-PREPAY                                                       0           0           0               0
     2503198410       PUD                               1     OO        REFI                  N                              5.75                 5.75              301500                301500               2/1/2007              1/1/2037                  1444.69      360      90     MD                   2/1/2007        N                 335000                   1          3            1444.69                                                                               20886           12/6/2006              2      PA1605EI_ARM-INTONLY                            25                 0                                 0      90                        652           42.26     3YR                                         1/1/2012            6           3           1               3
     2503198430       2-4FAMILY                         2     OO        PURCHASE              N                               7.5                  7.5              480000                480000               1/1/2007             12/1/2036                     3000      360      80     CA                   2/1/2007        N                 600000                   1      3.875               3000                                                                               90280           12/6/2006              2      PA0602EI_ARM-INTONLY                             0            600000                            120000     100                        736           39.12     2YR                                        12/1/2008            6           3           1           3.875
     2503198460       SFR                               1     OO        REFI                  Y                               5.5                  5.5              630000             629310.43               2/1/2007              1/1/2037                  3577.07      360   69.24     CA                   2/1/2007        N                 910000                   1          3            3577.07                                                                               92604          12/20/2006              1      PA0607E_ARM                                      0                 0                                 0   69.24                        721           52.71     3YR                                         1/1/2014            6           3           1               3
     2503198467       CONDO                             1     OO        REFI                  N                              6.99                 6.99              117600             117555.07               2/1/2007              1/1/2037                   729.95      360      70     IL                   2/1/2007        Y                 168000                   1          0             729.95                                                                               60031          12/20/2006              2      PB0640_BALLOON                                   0                 0                             50400     100                        725           47.66     NO-PREPAY                                                       0           0           0               0
     2503198470       SFR                               1     OO        PURCHASE              N                              6.85                 6.85              144650             144527.88               2/1/2007              1/1/2037                   947.83      360   74.99     IL                   2/1/2007        N                 196000                   1          3             947.83                                                                               60446           12/1/2006              2      PA0605E_ARM                                      0            192900                             48250     100                        696           44.21     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503198474       SFR                               1     OO        REFI                  Y                               6.2                  6.2              157500             157349.01               2/1/2007              1/1/2037                   964.64      360      70     FL                   2/1/2007        N                 225000                   1          0             964.64                                                                               33311          12/28/2006              2      PF2630_FIXEDRATE                                 0                 0                                 0      70                        635           32.43     3YR                                                             0           0           0               0
     2503198484       CONDO                             1     OO        PURCHASE              N                             5.625                5.625              327200             327033.75               2/1/2007              1/1/2037                  1533.75      360      80     CA                   2/1/2007        N                 409500                   1          0            1533.75                                                                               92025          12/29/2006              2      PF0630I_FIX-INTONLY                              0            409015                             61350      95                        696            41.6     1YR                                                             0           0           0               0
     2503198495       SFR                               1     NOO       REFI                  Y                              6.75                 6.75              146250                146250               2/1/2007              1/1/2037                   822.66      360      75     FL                   2/1/2007        N                 195000                   1          3             822.66                                                                               32935          12/19/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      75                        686           40.47     2YR                                         1/1/2012            6           3           1               3
     2503198500       SFR                               1     NOO       PURCHASE              N                              6.55                 6.55              178400                178400               2/1/2007              1/1/2037                   973.77      360   69.99     MN                   2/1/2007        N                 255000                   1          3             973.77                                                                               55406          12/11/2006              2      PA1605EI_ARM-INTONLY                             0            254900                             50950   89.98                        661           11.53     3YR                                         1/1/2012            6           3           1               3
     2503198501       SFR                               1     NOO       PURCHASE              N                             13.05                13.05               50950              50938.48               2/1/2007              1/1/2022                    565.6      180   19.99     MN                   2/1/2007        Y                 255000                   2          0              565.6                                                                               55406          12/11/2006              2      TB1630_BALLOON                                   0            254900                                 0   89.98                        661           11.53     NO-PREPAY                                                       0           0           0               0
     2503198502       CONDO                             1     OO        REFI                  N                             6.875                6.875              248000                248000               2/1/2007              1/1/2037                  1420.83      360      80     CA                   2/1/2007        N                 310000                   1          3            1420.83                                                                               92173          12/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             62000     100                        738           44.25     3YR                                         1/1/2012            6           3           1               3
     2503198525       SFR                               1     OO        REFI                  N                              6.25                 6.25              386250             385883.51               2/1/2007              1/1/2037                  2378.21      360      75     NY                   2/1/2007        N                 515000                   1          0            2378.21                                                                               11421          12/28/2006              2      PF1630_FIXEDRATE                                 0                 0                             93000   93.06                        643           47.22     1YR                                                             0           0           0               0
     2503198535       D-PUDS                            1     OO        PURCHASE              N                               6.7                  6.7              295920                295920               1/1/2007             12/1/2036                  1652.22      360      80     CA                   2/1/2007        N                 370000                   1          3            1652.22                                                                               95776          11/28/2006              2      PA1605EI_ARM-INTONLY                             0            369900                             73980     100                        667           37.74     3YR                                        12/1/2011            6           3           1               3
     2503198536       D-PUDS                            1     OO        PURCHASE              N                             11.15                11.15               73980              73928.65               1/1/2007             12/1/2021                   712.93      180      20     CA                   2/1/2007        Y                 370000                   2          0             712.93                                                                               95776          11/28/2006              2      TB1630_BALLOON                                   0            369900                                 0     100                        667           37.74     3YR                                                             0           0           0               0
     2503198543       CONDO                             1     OO        REFI                  N                              6.25                 6.25              708000                708000               2/1/2007              1/1/2037                   3687.5      360   79.56     HI                   2/1/2007        N                 890000                   1          3             3687.5                                                                               96707           12/7/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0   79.56                        754           43.76     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503198580       SFR                               1     OO        REFI                  Y                             5.875                5.875              540000                540000               2/1/2007              1/1/2037                  2643.75      360   62.43     HI                   2/1/2007        N                 865000                   1          3            2643.75                                                                               96762          12/29/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0   62.43                        731           50.29     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503198582       SFR                               1     NOO       REFI                  N                               6.9                  6.9              731250                731250               2/1/2007              1/1/2037                  4204.69      360      75     CA                   2/1/2007        N                 975000                   1       2.75            4204.69                                                                               94019          12/14/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            146250      90                        721            43.1     2YR                                         1/1/2012            6           3           1            2.75
     2503198589       SFR                               1     OO        REFI                  N                             6.375                6.375              619000                619000               2/1/2007              1/1/2037                  3288.44      360   74.58     CA                   2/1/2007        N                 830000                   1        3.5            3288.44                                                                               94547          12/20/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            200000   98.68                        694           43.21     NO-PREPAY                                   1/1/2012            6           3           1             3.5
     2503198594       D-PUDS                            1     OO        REFI                  N                             5.875                5.875              720000                720000               1/1/2007             12/1/2036                     3525      360   63.89     CA                   2/1/2007        N                1127000                   1          3               3525                                                                               92009           12/5/2006              8      SA0605EI_ARM-INTONLY                             0                 0                                 0   63.89                        753               0     3YR                                        12/1/2011            6           3           1               3
     2503198597       SFR                               1     OO        REFI                  Y                               6.7                  6.7              252000                252000               2/1/2007              1/1/2037                     1407      360      80     CA                   2/1/2007        N                 315000                   1          3               1407                                                                               95206          12/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             63000     100                        691           44.05     1YR                                         1/1/2012            6           3           1               3
     2503198620       SFR                               1     NOO       REFI                  Y                             12.15                12.15               39400              39389.09               2/1/2007              1/1/2022                   409.83      180      20     IL                   2/1/2007        Y                 197000                   2          0             409.83                                                                               60107           12/7/2006              2      TB0630_BALLOON                                   0                 0                                 0      90                        700           34.59     NO-PREPAY                                                       0           0           0               0
     2503198631       D-PUDS                            1     OO        REFI                  N                               8.1                  8.1              640000                640000               2/1/2007              1/1/2037                     4320      360      80     CO                   2/1/2007        N                 800000                   1          3               4320                                                                               80104          12/19/2006              2      PA1605EI_ARM-INTONLY                             0                 0                            160000     100                        660           43.92     3YR                                         1/1/2012         3.89           3           1               3
     2503198636       SFR                               1     NOO       REFI                  Y                             11.99                11.99              146250             146208.06               2/1/2007              1/1/2022                  1503.22      180      15     CA                   2/1/2007        Y                 975000                   2          0            1503.22                                                                               94019          12/14/2006              2      TB0630_BALLOON                                   0                 0                                 0      90                        721           44.55     NO-PREPAY                                                       0           0           0               0
     2503198648       SFR                               1     OO        PURCHASE              N                              5.75                 5.75              300000             299686.78               2/1/2007              1/1/2037                  1750.72      360      80     CA                   2/1/2007        N                 387500                   1          3            1750.72                                                                               92555          12/14/2006              2      PA1603E_ARM                                      0            375000                             75000     100                        670           44.19     3YR                                         1/1/2010            6           3           1               3
     2503198652       SFR                               1     OO        PURCHASE              N                             11.25                11.25               75000              74974.68               2/1/2007              1/1/2022                   728.45      180      20     CA                   2/1/2007        Y                 387500                   2          0             728.45                                                                               92555          12/14/2006              2      TB1630_BALLOON                                   0            375000                                 0     100                        670           44.04     3YR                                                             0           0           0               0
     2503198654       SFR                               1     OO        REFI                  Y                                 7                    7              107000              106912.3               2/1/2007              1/1/2037                   711.87      360   64.85     CA                   2/1/2007        N                 165000                   1          0             711.87                                                                               93268          12/14/2006              2      PF2630_FIXEDRATE                                 0                 0                                 0   64.85                        629           43.03     3YR                                                             0           0           0               0
     2503198655       SFR                               1     OO        REFI                  Y                                 7                    7              312000                311644               2/1/2007              1/1/2037                  2075.74      360   44.58     CA                   2/1/2007        N                 700000                   1          0            2075.74                                                                               93933          12/14/2006              2      PF3630_FIXEDRATE                                 0                 0                                 0   44.58                        602           39.91     NO-PREPAY                                                       0           0           0               0
     2503198671       PUD                               1     OO        PURCHASE              N                               6.5                  6.5              351200                351200               2/1/2007              1/1/2037                  1902.33      360      80     CA                   2/1/2007        N                 439000                   1        4.8            1902.33                                                                               92646          12/11/2006              2      PA1607EI_ARM-INTONLY                             0            439000                             87800     100                        652              44     3YR                                         1/1/2014            6           3           1             4.8
     2503198692       PUD                               1     OO        PURCHASE              N                             11.75                11.75               87800              87773.45               2/1/2007              1/1/2022                   886.26      180      20     CA                   2/1/2007        Y                 439000                   2          0             886.26                                                                               92646          12/11/2006              2      TB1630_BALLOON                                   0            439000                                 0     100                        658           43.17     3YR                                                             0           0           0               0
     2503198704       D-PUDS                            1     OO        PURCHASE              N                              8.45                 8.45              233100             232982.45               1/1/2007             12/1/2036                  1699.98      360      90     HI                   2/1/2007        Y                 282000                   1          4            1699.98                                                                               96771           12/6/2006              2      PL2405E_ARM-BALLOON                             25            259000                             25900     100                        620           49.94     NO-PREPAY                                  12/1/2011            6           3           1               4
     2503198707       SFR                               1     OO        REFI                  N                             6.375                6.375              584000                584000               2/1/2007              1/1/2037                   3102.5      360      80     CA                   2/1/2007        N                 730000                   1          0             3102.5                                                                               95050          12/19/2006              1      PF2630I_FIX-INTONLY                              0                 0                             49000   86.72                        633           42.86     3YR                                                             0           0           0               0
     2503198711       CONDO                             1     NOO       PURCHASE              N                               7.5                  7.5              121500             121409.83               2/1/2007              1/1/2037                   849.55      360      75     FL                   2/1/2007        N                 170000                   1          0             849.55                                                                               33012          12/13/2006              2      PF0630_FIXEDRATE                                 0            162000                             32400      95                        741           45.26     1YR                                                             0           0           0               0
     2503198712       CONDO                             1     NOO       PURCHASE              N                             12.45                12.45               32400              32391.62               2/1/2007              1/1/2022                   344.53      180      20     FL                   2/1/2007        Y                 170000                   2          0             344.53                                                                               33012          12/13/2006              2      TB0630_BALLOON                                   0            162000                                 0      95                        741           37.37     1YR                                                             0           0           0               0
     2503198715       2-4FAMILY                         4     OO        REFI                  Y                             6.625                6.625              825000                825000               2/1/2007              1/1/2037                  4554.69      360   58.93     CA                   2/1/2007        N                1400000                   1          3            4554.69                                                                               94704          12/11/2006              1      PA1605EI_ARM-INTONLY                             0                 0                                 0   58.93                        649           34.23     2YR                                         1/1/2012            6           3           1               3
     2503198720       SFR                               1     OO        REFI                  Y                               7.5                  7.5               70000              69948.05               2/1/2007              1/1/2037                   489.45      360   17.95     CA                   2/1/2007        N                 390000                   1          0             489.45                                                                               90003          12/14/2006             17      PF2630_FIXEDRATE                                 0                 0                                 0   17.95                        638            17.9     NO-PREPAY                                                       0           0           0               0
     2503198737       2-4FAMILY                         3     OO        PURCHASE              N                               8.3                  8.3              483750                483750               2/1/2007              1/1/2037                  3345.94      360      75     NY                   2/1/2007        N                 645000                   1          3            3345.94                                                                               11206          12/11/2006              2      PA0605EI_ARM-INTONLY                             0            645000                            161250     100                        699           44.79     1YR                                         1/1/2012            6           3           1               3
     2503198748       2-4FAMILY                         2     NOO       PURCHASE              N                              7.75                 7.75              124500                124500               2/1/2007              1/1/2037                   804.06      360      75     GA                   2/1/2007        N                 166000                   1          3             804.06                                                                               30274           12/8/2006              2      PA0605EI_ARM-INTONLY                             0            166000                             33200      95                        689           42.58     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503198768       2-4FAMILY                         2     OO        REFI                  Y                              7.28                 7.28              410000                410000               2/1/2007              1/1/2037                  2487.33      360   68.34     FL                   2/1/2007        N                 600000                   1          3            2487.33                                                                               33145          12/11/2006              2      PA1605EI_ARM-INTONLY                             0                 0                            190000     100                        648           37.77     3YR                                         1/1/2012            6           3           1               3
     2503198769       2-4FAMILY                         2     OO        REFI                  Y                             12.74                12.74              190000             189953.93               2/1/2007              1/1/2022                  2063.24      180   31.67     FL                   2/1/2007        Y                 600000                   2          0            2063.24                                                                               33145          12/11/2006              2      TB1630_BALLOON                                   0                 0                                 0     100                        648           37.77     3YR                                                             0           0           0               0
     2503198782       SFR                               1     OO        REFI                  N                             7.175                7.175              153750                153750               2/1/2007              1/1/2037                    919.3      360      75     CO                   2/1/2007        N                 205000                   1          3              919.3                                                                               80204          12/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             51250     100                        769           30.03     3YR                                         1/1/2012        4.815           3           1               3
     2503198807       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              471411                471411               2/1/2007              1/1/2037                  2651.69      360      80     CA                   2/1/2007        N                 589264                   1          3            2651.69                                                                               92584          12/20/2006              2      PA1605EI_ARM-INTONLY                             0            589264                            117853     100                        664           51.24     3YR                                         1/1/2012            6           3           1               3
     2503198809       SFR                               1     NOO       PURCHASE              N                             7.625                7.625              392000                392000               2/1/2007              1/1/2037                  2490.83      360      80     CA                   2/1/2007        N                 490000                   1          3            2490.83                                                                               91344           12/7/2006              2      PA0605EI_ARM-INTONLY                             0            490000                             73500      95                        728            47.5     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503198810       SFR                               1     NOO       PURCHASE              N                             11.99                11.99               73500              73478.93               2/1/2007              1/1/2022                   755.46      180      15     CA                   2/1/2007        Y                 490000                   2          0             755.46                                                                               91344           12/7/2006              2      TB0630_BALLOON                                   0            490000                                 0      95                        728           47.64     NO-PREPAY                                                       0           0           0               0
     2503198832       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              275200                275200               2/1/2007              1/1/2037                  1490.67      360      80     CA                   2/1/2007        N                 344000                   1          3            1490.67                                                                               93930          12/27/2006              2      PA1605EI_ARM-INTONLY                             0            344000                             68800     100                        643           37.16     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503198840       SFR                               1     OO        REFI                  Y                             7.237                7.237              250750                250750               2/1/2007              1/1/2037                  1512.23      360      85     FL                   2/1/2007        N                 295000                   1      3.875            1512.23                                                                               33023          12/14/2006              2      PA1405EI_ARM-INTONLY                            22                 0                                 0      85                        640           45.75     3YR                                         1/1/2012            6           3           1           3.875
     2503198862       SFR                               1     NOO       REFI                  Y                              11.6                 11.6               85500              85446.28               1/1/2007             12/1/2021                   853.23      180   14.87     CA                   2/1/2007        Y                 575000                   2          0             853.23                                                                               93905           12/5/2006              2      TB0630_BALLOON                                   0                 0                                 0   89.22                        748           39.85     1YR                                                             0           0           0               0
     2503198895       2-4FAMILY                         4     OO        PURCHASE              N                              8.69                 8.69              462750                462750               2/1/2007              1/1/2037                  3351.08      360      75     NY                   2/1/2007        N                 630000                   1          3            3351.08                                                                               11207           12/5/2006              2      PA1605EI_ARM-INTONLY                             0            617000                            154250     100                        659           40.74     1YR                                         1/1/2012            6           3           1               3
     2503198902       2-4FAMILY                         4     OO        PURCHASE              N                             12.99                12.99              154250             154214.65               2/1/2007              1/1/2022                  1705.11      180      25     NY                   2/1/2007        Y                 630000                   2          0            1705.11                                                                               11207           12/5/2006              2      TB1630_BALLOON                                   0            617000                                 0     100                        659           40.74     NO-PREPAY                                                       0           0           0               0
     2503198938       SFR                               1     NOO       PURCHASE              N                             11.99                11.99               25600              25592.66               2/1/2007              1/1/2022                   263.13      180   20.02     IL                   2/1/2007        Y                 128000                   2          0             263.13                                                                               60064           12/4/2006              2      TB0630_BALLOON                                   0            127900                                 0      95                        790           48.19     NO-PREPAY                                                       0           0           0               0
     2503198949       SFR                               1     OO        PURCHASE              N                              6.45                 6.45              228000             227993.85               2/1/2007              1/1/2037                   1225.5      360      80     FL                   2/1/2007        N                 287000                   1          3             1225.5                                                                               34286          12/18/2006              2      PA0605EI_ARM-INTONLY                             0            285000                             57000     100                        704            31.2     1YR                                         1/1/2012            6           3           1               3
     2503198967       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              399920                399920               2/1/2007              1/1/2037                  2166.23      360      80     CA                   2/1/2007        N                 499900                   1          3            2166.23                                                                               92557          12/18/2006              8      SA2605EI_ARM-INTONLY                             0            499900                                 0      80                        625               0     3YR                                         1/1/2012            6           3           1               3
     2503198979       CONDO                             1     OO        PURCHASE              N                              6.25                 6.25              140000             139867.17               2/1/2007              1/1/2037                      862      360   65.89     FL                   2/1/2007        N                 215000                   1          0                862                                                                               33063          12/11/2006              2      PF0630_FIXEDRATE                                 0            212500                                 0   65.89                        702            41.7     3YR                                                             0           0           0               0
     2503198982       2-4FAMILY                         2     NOO       PURCHASE              N                             6.817                6.817              562500                562500               2/1/2007              1/1/2037                  3195.47      360      75     NY                   2/1/2007        N                 750000                   1          3            3195.47                                                                               11368           12/4/2006              2      PA0605EI_ARM-INTONLY                             0            750000                            150000      95                        777           47.56     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503198983       2-4FAMILY                         2     NOO       PURCHASE              N                             12.79                12.79              150000             149964.04               2/1/2007              1/1/2022                  1634.71      180      20     NY                   2/1/2007        Y                 750000                   2          0            1634.71                                                                               11368           12/4/2006              2      TB0630_BALLOON                                   0            750000                                 0      95                        777           47.56     NO-PREPAY                                                       0           0           0               0
     2503198986       SFR                               1     OO        PURCHASE              N                             7.125                7.125              900000                900000               2/1/2007              1/1/2037                  5343.75      360      75     CA                   2/1/2007        N                1200000                   1      3.875            5343.75                                                                               91342          12/13/2006              2      PA1605EI_ARM-INTONLY                             0           1200000                            180000      90                        669           44.89     3YR                                         1/1/2012            6           3           1           3.875
     2503198987       SFR                               1     OO        PURCHASE              N                             11.75                11.75              180000             179945.56               2/1/2007              1/1/2022                  1816.94      180      15     CA                   2/1/2007        Y                1200000                   2          0            1816.94                                                                               91342          12/13/2006              2      TB1630_BALLOON                                   0           1200000                                 0      90                        669           44.89     1YR                                                             0           0           0               0
     2503198999       D-PUDS                            1     NOO       REFI                  N                              6.25                 6.25              149000                149000               2/1/2007              1/1/2037                   776.04      360   64.23     AZ                   2/1/2007        N                 232000                   1          3             776.04                                                                               85323           12/6/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   64.23                        692           28.06     3YR                                         1/1/2012            6           3           1               3
     2503199013       SFR                               1     OO        REFI                  Y                              6.65                 6.65              170000                170000               1/1/2007             12/1/2036                   942.08      360   74.57     AZ                   2/1/2007        N                 228000                   1          3             942.08                                                                               85031           12/5/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   74.57                        695           34.87     3YR                                        12/1/2011            6           3           1               3
     2503199020       SFR                               1     OO        REFI                  Y                              6.25                 6.25              160000                160000               2/1/2007              1/1/2037                   833.33      360   27.83     UT                   2/1/2007        N                 575000                   1          0             833.33                                                                               84109          12/20/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   27.83                        760           44.96     NO-PREPAY                                                       0           0           0               0
     2503199027       D-PUDS                            1     NOO       REFI                  Y                             7.125                7.125              153600                153600               2/1/2007              1/1/2037                      912      360      80     FL                   2/1/2007        N                 192000                   1          3                912                                                                               32935          12/19/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        686           39.87     2YR                                         1/1/2012            6           3           1               3
     2503199038       SFR                               1     2ND       PURCHASE              N                               6.7                  6.7              187912                187912               2/1/2007              1/1/2037                  1049.18      360   74.41     CA                   2/1/2007        N                 252550                   1          3            1049.18                                                                               93257          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            252550                             50110   94.25                        747           44.28     3YR                                         1/1/2012            6           3           1               3
     2503199092       SFR                               1     NOO       REFI                  Y                               8.5                  8.5              184000                184000               2/1/2007              1/1/2037                  1303.33      360      80     FL                   2/1/2007        N                 230000                   1          4            1303.33                                                                               33009          12/12/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        667           44.16     3YR                                         1/1/2012            6           3           1               4
     2503199101       SFR                               1     OO        REFI                  Y                             11.99                11.99               31000              30982.13               1/1/2007             12/1/2021                   318.63      180      20     NC                   2/1/2007        Y                 155000                   2          0             318.63                                                                               27205           12/5/2006              2      TB1630_BALLOON                                   0                 0                                 0      95                        673           43.82     NO-PREPAY                                                       0           0           0               0
     2503199102       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              533600                533600               2/1/2007              1/1/2037                  2779.17      360      80     CA                   2/1/2007        N                 673000                   1      3.875            2779.17                                                                               93940          12/12/2006              2      PA0605EI_ARM-INTONLY                             0            667000                            133400     100                        691           46.38     2YR                                         1/1/2012            6           3           1           3.875
     2503199123       SFR                               1     OO        REFI                  N                               6.4                  6.4              599000                599000               2/1/2007              1/1/2037                  3194.67      360   63.86     CA                   2/1/2007        N                 938000                   1      3.875            3194.67                                                                               95014          12/18/2006              2      PA2605EI_ARM-INTONLY                             0                 0                                 0   63.86                        625           30.32     NO-PREPAY                                   1/1/2012            6           3           1           3.875
     2503199138       2-4FAMILY                         2     NOO       REFI                  Y                              6.87                 6.87              168000                167900               2/1/2007              1/1/2037                    961.8      360      70     MN                   2/1/2007        N                 240000                   1          3              961.8                                                                               55106           12/1/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             48000      90                        725           37.42     3YR                                         1/1/2012            6           3           1               3
     2503199139       2-4FAMILY                         2     NOO       REFI                  Y                             12.99                12.99               48000                 47989               2/1/2007              1/1/2022                    530.6      180      20     MN                   2/1/2007        Y                 240000                   2          0              530.6                                                                               55106           12/1/2006              2      TB0630_BALLOON                                   0                 0                                 0      90                        725           37.42     NO-PREPAY                                                       0           0           0               0
     2503199148       SFR                               1     OO        PURCHASE              N                             11.24                11.24               95000               94935.4               1/1/2007             12/1/2021                   921.98      180      25     CA                   2/1/2007        Y                 430000                   2          0             921.98                                                                               94806           12/5/2006              2      TB1630_BALLOON                                   0            380000                                 0     100                        660           40.07     3YR                                                             0           0           0               0
     2503199156       SFR                               1     OO        REFI                  Y                              5.99                 5.99              257000                257000               2/1/2007              1/1/2037                  1282.86      360   68.54     CA                   2/1/2007        N                 375000                   1          3            1282.86                                                                               92551          12/20/2006             17      PA2605EI_ARM-INTONLY                             0                 0                                 0   68.54                        630           43.88     3YR                                         1/1/2012            6           3           1               3
     2503199158       2-4FAMILY                         3     NOO       REFI                  Y                              6.55                 6.55              252000             251774.39               2/1/2007              1/1/2037                  1601.11      360   45.82     CA                   2/1/2007        N                 550000                   1          0            1601.11                                                                               90042          12/14/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   45.82                        799           20.48     3YR                                                             0           0           0               0
     2503199166       D-PUDS                            1     OO        PURCHASE              N                             5.875                5.875              750000                750000               2/1/2007              1/1/2037                  3671.87      360    62.5     CA                   2/1/2007        N                1200000                   1          3            3671.87                                                                               91901          12/20/2006              2      PA0605EI_ARM-INTONLY                             0           1200000                            400000   95.84                        758           36.23     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503199171       SFR                               1     NOO       PURCHASE              N                                 7                    7              129000             128894.26               2/1/2007              1/1/2037                   858.24      360      75     IL                   2/1/2007        N                 172000                   1          3             858.24                                                                               60085          12/22/2006              2      PA0605E_ARM                                      0            172000                             34400      95                        694           42.13     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503199172       SFR                               1     NOO       PURCHASE              N                            12.425               12.425               34400              34391.04               2/1/2007              1/1/2022                   365.14      180      20     IL                   2/1/2007        Y                 172000                   2          0             365.14                                                                               60085          12/22/2006              2      TB0630_BALLOON                                   0            172000                                 0      95                        694           42.13     NO-PREPAY                                                       0           0           0               0
     2503199182       SFR                               1     OO        REFI                  Y                              6.25                 6.25              135000             134871.91               2/1/2007              1/1/2037                   831.22      360   42.19     OR                   2/1/2007        N                 320000                   1          0             831.22                                                                               97214          12/22/2006              1      PF2630_FIXEDRATE                                 0                 0                                 0   42.19                        638            32.2     3YR                                                             0           0           0               0
     2503199185       SFR                               1     NOO       REFI                  N                              6.05                 6.05              236250                236250               2/1/2007              1/1/2037                  1191.09      360      75     CA                   2/1/2007        N                 315000                   1          3            1191.09                                                                               95833          12/22/2006              8      SA0605EI_ARM-INTONLY                             0                 0                                 0      75                        735               0     3YR                                         1/1/2012            6           3           1               3
     2503199192       2-4FAMILY                         4     NOO       PURCHASE              N                              6.25                 6.25              468930                468930               2/1/2007              1/1/2037                  2442.34      360      70     CA                   2/1/2007        N                 680000                   1          3            2442.34                                                                               92551          12/15/2006              2      PA0605EI_ARM-INTONLY                             0            669900                            100485      85                        719            29.8     3YR                                         1/1/2012            6           3           1               3
     2503199193       2-4FAMILY                         4     NOO       PURCHASE              N                            10.875               10.875              100485             100448.19               2/1/2007              1/1/2022                   947.46      180      15     CA                   2/1/2007        Y                 680000                   2          0             947.46                                                                               92551          12/15/2006              2      TB0630_BALLOON                                   0            669900                                 0      85                        719            29.8     3YR                                                             0           0           0               0
     2503199224       SFR                               1     OO        REFI                  Y                               6.5                  6.5              410000                410000               2/1/2007              1/1/2037                  2220.83      360   66.67     CA                   2/1/2007        N                 615000                   1      3.875            2220.83                                                                               95377          12/19/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0   66.67                        654           45.17     NO-PREPAY                                   1/1/2012            6           3           1           3.875
     2503199250       PUD                               1     NOO       PURCHASE              N                             6.175                6.175              198450                198450               2/1/2007              1/1/2037                  1021.19      360      70     TX                   2/1/2007        N                 290000                   1          3            1021.19                                                                               77054          12/20/2006              2      PA0605EI_ARM-INTONLY                             0            283500                             70875      95                        703           39.77     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503199251       PUD                               1     NOO       PURCHASE              N                            12.375               12.375               70875              70851.71               2/1/2007              1/1/2022                   749.55      180      25     TX                   2/1/2007        Y                 290000                   2          0             749.55                                                                               77054          12/20/2006              2      TB0630_BALLOON                                   0            283500                                 0      95                        703           39.77     NO-PREPAY                                                       0           0           0               0
     2503199257       D-PUDS                            1     OO        REFI                  Y                               5.6                  5.6              300000             299999.63               2/1/2007              1/1/2037                     1400      360      60     NV                   2/1/2007        N                 500000                   1      3.875               1400                                                                               89148          12/28/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      60                        659           36.69     3YR                                         1/1/2012            6           3           1           3.875
     2503199260       2-4FAMILY                         2     OO        REFI                  Y                                 6                    6              350000             349651.57               2/1/2007              1/1/2037                  2098.43      360   64.82     CA                   2/1/2007        N                 540000                   1          0            2098.43                                                                               90022          12/14/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   64.82                        742           27.51     NO-PREPAY                                                       0           0           0               0
     2503199261       SFR                               1     OO        REFI                  Y                             6.375                6.375              326250                326250               2/1/2007              1/1/2037                   1733.2      360   74.66     CA                   2/1/2007        N                 437000                   1          0             1733.2                                                                               92335          12/18/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   74.66                        698           33.67     3YR                                                             0           0           0               0
     2503199263       PUD                               1     OO        PURCHASE              N                             6.625                6.625               77150                 77150               2/1/2007              1/1/2037                   425.93      360   74.98     CO                   2/1/2007        N                 115000                   1          3             425.93                                                                               80014           12/5/2006              2      PA1605EI_ARM-INTONLY                             0            102900                             25250   99.52                        666           40.17     1YR                                         1/1/2012        5.365           3           1               3
     2503199264       PUD                               1     OO        PURCHASE              N                             11.99                11.99               25250              25242.76               2/1/2007              1/1/2022                   259.53      180   24.54     CO                   2/1/2007        Y                 115000                   2          0             259.53                                                                               80014           12/5/2006              2      TB1630_BALLOON                                   0            102900                                 0   99.52                        666           39.41     NO-PREPAY                                                       0           0           0               0
     2503199265       SFR                               1     OO        PURCHASE              N                             6.875                6.875              311200                311200               2/1/2007              1/1/2037                  1782.92      360      80     CA                   2/1/2007        N                 390000                   1      3.875            1782.92                                                                               92553          12/14/2006              2      PA1605EI_ARM-INTONLY                             0            389000                             77800     100                        644           44.85     3YR                                         1/1/2012            6           3           1           3.875
     2503199268       SFR                               1     NOO       REFI                  Y                             6.775                6.775              101250             101163.25               2/1/2007              1/1/2037                   658.39      360   72.12     FL                   2/1/2007        N                 140400                   1      3.875             658.39                                                                               33711           12/6/2006              7      SA0605E_ARM                                      0                 0                                 0   72.12                        691               0     NO-PREPAY                                   1/1/2012            6           3           1           3.875
     2503199272       SFR                               1     OO        REFI                  N                              6.25                 6.25              249000                249000               2/1/2007              1/1/2037                  1296.88      360      75     OR                   2/1/2007        N                 332000                   1          0            1296.88                                                                               97017          12/22/2006              2      PF0630I_FIX-INTONLY                              0                 0                             83000     100                        718           46.14     3YR                                                             0           0           0               0
     2503199279       2-4FAMILY                         2     OO        REFI                  Y                               6.5                  6.5              462000                462000               2/1/2007              1/1/2037                   2502.5      360   79.66     CA                   2/1/2007        N                 580000                   1        3.5             2502.5                                                                               90037          12/15/2006             17      PA0603EI_ARM-INTONLY                             0                 0                                 0   79.66                        705           35.64     3YR                                         1/1/2010            6           3           1             3.5
     2503199293       SFR                               1     OO        REFI                  Y                               6.5                  6.5              452000             451802.07               2/1/2007              1/1/2037                  2646.26      360      80     HI                   2/1/2007        Y                 565000                   1          3            2646.26                                                                               96779           12/8/2006              2      PL3605E_ARM-BALLOON                              0                 0                                 0      80                        616           49.87     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503199303       SFR                               1     OO        PURCHASE              N                             11.99                11.99               77800              77777.69               2/1/2007              1/1/2022                   799.66      180      20     CA                   2/1/2007        Y                 390000                   2          0             799.66                                                                               92553          12/14/2006              2      TB1630_BALLOON                                   0            389000                                 0     100                        644           44.85     3YR                                                             0           0           0               0
     2503199313       2-4FAMILY                         2     NOO       PURCHASE              N                               7.2                  7.2              225000                225000               2/1/2007              1/1/2037                     1350      360      75     FL                   2/1/2007        N                 315000                   1          3               1350                                                                               33321           12/8/2006              2      PA0605EI_ARM-INTONLY                             0            300000                             60000      95                        702            43.9     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503199319       2-4FAMILY                         2     NOO       PURCHASE              N                             12.69                12.69               60000              59985.29               2/1/2007              1/1/2022                   649.21      180      20     FL                   2/1/2007        Y                 315000                   2          0             649.21                                                                               33321           12/8/2006              2      TB0630_BALLOON                                   0            300000                                 0      95                        702            43.9     NO-PREPAY                                                       0           0           0               0
     2503199320       SFR                               1     NOO       PURCHASE              N                             14.15                14.15               26000              25995.42               2/1/2007              1/1/2022                   311.16      180      20     IL                   2/1/2007        Y                 140000                   2          0             311.16                                                                               60123           12/8/2006              2      TB1630_BALLOON                                   0            130000                                 0      90                        671           47.62     NO-PREPAY                                                       0           0           0               0
     2503199322       CONDO                             1     NOO       PURCHASE              N                              7.25                 7.25              156700                156700               2/1/2007              1/1/2037                   946.73      360   79.99     FL                   2/1/2007        N                 209000                   1          3             946.73                                                                               33411          12/13/2006              2      PA0605EI_ARM-INTONLY                             0            195900                             29385   94.99                        691           24.85     3YR                                         1/1/2012            6           3           1               3
     2503199323       CONDO                             1     NOO       PURCHASE              N                             13.25                13.25               29385                 29385               2/1/2007              1/1/2022                   324.46      180      15     FL                   2/1/2007        Y                 209000                   2          0             324.46                                                                               33411          12/13/2006              2      TB0630I_BALLOON-INTONLY                          0            195900                                 0   94.99                        691           24.85     NO-PREPAY                                                       0           0           0               0
     2503199334       SFR                               1     OO        REFI                  Y                               6.4                  6.4              227700             227490.12               2/1/2007              1/1/2037                  1424.28      360      66     WA                   2/1/2007        N                 345000                   1          0            1424.28                                                                               98003          12/22/2006             17      PF2630_FIXEDRATE                                 0                 0                                 0      66                        639           48.52     3YR                                                             0           0           0               0
     2503199338       SFR                               1     NOO       REFI                  Y                             6.125                6.125              350000                350000               2/1/2007              1/1/2037                  1786.46      360      50     CA                   2/1/2007        N                 700000                   1          3            1786.46                                                                               95437          12/19/2006              7      SA0605EI_ARM-INTONLY                             0                 0                                 0      50                        723               0     3YR                                         1/1/2012            6           3           1               3
     2503199347       SFR                               1     NOO       PURCHASE              N                              7.43                 7.43              101100                101100               2/1/2007              1/1/2037                   625.98      360    79.3     CA                   2/1/2007        N                 200000                   1          3             625.98                                                                               93304          12/14/2006              2      PA0605EI_ARM-INTONLY                             0            127500                             20000   94.99                        716           35.06     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503199348       2-4FAMILY                         4     NOO       PURCHASE              N                             7.125                7.125              318750                318750               2/1/2007              1/1/2037                  1892.58      360      75     MO                   2/1/2007        N                 425000                   1          0            1892.58                                                                               64133          12/21/2006              2      PF0630I_FIX-INTONLY                              0            425000                             63750      90                        727           19.28     3YR                                                             0           0           0               0
     2503199351       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              296250                296250               1/1/2007             12/1/2036                  1666.41      360      75     CA                   2/1/2007        N                 425000                   1          3            1666.41                                                                               92562           12/5/2006              2      PA1605EI_ARM-INTONLY                             0            395000                             98750     100                        650           47.18     NO-PREPAY                                  12/1/2011            6           3           1               3
     2503199358       2-4FAMILY                         4     NOO       PURCHASE              N                                11                   11               63750              63727.26               2/1/2007              1/1/2022                   607.11      180      15     MO                   2/1/2007        Y                 425000                   2          0             607.11                                                                               64133          12/21/2006              2      TB0630_BALLOON                                   0            425000                                 0      90                        727           19.28     3YR                                                             0           0           0               0
     2503199366       HI-RISE                           1     OO        REFI                  N                             7.375                7.375              240000                240000               2/1/2007              1/1/2037                     1475      360      75     IL                   2/1/2007        N                 320000                   1          3               1475                                                                               60657          12/28/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             48000      90                        654           49.08     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503199377       SFR                               1     OO        REFI                  Y                             7.375                7.375              194400             194252.08               2/1/2007              1/1/2037                  1342.67      360      80     CA                   2/1/2007        N                 243000                   1          3            1342.67                                                                               95961          12/18/2006              2      PA3605E_ARM                                      0                 0                                 0      80                        602           37.08     3YR                                         1/1/2012            6           3           1               3
     2503199388       SFR                               1     NOO       PURCHASE              N                             12.75                12.75               20000              19995.16               2/1/2007              1/1/2022                   217.34      180   15.69     CA                   2/1/2007        Y                 150000                   2          0             217.34                                                                               93304          12/14/2006              2      TB0630_BALLOON                                   0            127500                                 0   94.99                        716           35.06     NO-PREPAY                                                       0           0           0               0
     2503199389       SFR                               1     OO        PURCHASE              N                             12.75                12.75               98750              98701.96               1/1/2007             12/1/2021                  1073.11      180      25     CA                   2/1/2007        Y                 425000                   2          0            1073.11                                                                               92562           12/5/2006              2      TB1630_BALLOON                                   0            395000                                 0     100                        650           47.18     NO-PREPAY                                                       0           0           0               0
     2503199392       CONDO                             1     OO        REFI                  N                              6.99                 6.99              129000             128894.05               2/1/2007              1/1/2037                   857.37      360   61.43     FL                   2/1/2007        N                 210000                   1          3             857.37                                                                               34209          12/20/2006              8      SA0605E_ARM                                      0                 0                                 0   61.43                        688               0     3YR                                         1/1/2012            6           3           1               3
     2503199437       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              223600                223600               1/1/2007             12/1/2036                  1257.75      360      80     CA                   2/1/2007        N                 290000                   1          3            1257.75                                                                               92345           12/4/2006              2      PA0605EI_ARM-INTONLY                             0            279500                             55900     100                        682           42.43     2YR                                        12/1/2011            6           3           1               3
     2503199461       CONDO                             1     NOO       PURCHASE              N                              6.55                 6.55              200000             199820.95               2/1/2007              1/1/2037                  1270.72      360      80     FL                   2/1/2007        N                 255000                   1          3            1270.72                                                                               33015           12/4/2006              8      SA0605E_ARM                                      0            250000                                 0      80                        785               0     3YR                                         1/1/2012            6           3           1               3
     2503199474       SFR                               1     NOO       REFI                  Y                              9.45                 9.45              650000                650000               2/1/2007              1/1/2037                  5118.75      360   78.79     CA                   2/1/2007        N                 825000                   1          3            5118.75                                                                               93730          12/11/2006              2      PA1602EI_ARM-INTONLY                             0                 0                            133750      95                        642           47.79     NO-PREPAY                                   1/1/2009            6           3           1               3
     2503199480       HI-RISE                           1     OO        PURCHASE              N                             7.375                7.375              200000             199847.82               2/1/2007              1/1/2037                  1381.35      360      80     FL                   2/1/2007        N                 250000                   1          3            1381.35                                                                               33126          12/29/2006              2      PA1605E_ARM                                      0            250000                             50000     100                        652           49.27     5YR                                         1/1/2012            6           3           1               3
     2503199485       D-PUDS                            1     OO        PURCHASE              N                               5.6                  5.6              124300             124180.07               2/1/2007              1/1/2037                   580.07      360   79.99     SC                   2/1/2007        N                 159000                   1          3             580.07                                                                               29349          12/22/2006             12      SA0605EI_ARM-INTONLY                             0            155400                                 0   79.99                        790           32.04     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503199489       SFR                               1     OO        REFI                  Y                              5.99                 5.99              185000             184599.13               2/1/2007              1/1/2027                  1324.33      240   45.13     CA                   2/1/2007        N                 410000                   1          0            1324.33                                                                               92376          12/13/2006              2      PF0620_FIXEDRATE                                 0                 0                                 0   45.13                        728           39.65     3YR                                                             0           0           0               0
     2503199514       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              312000                312000               2/1/2007              1/1/2037                     1625      360      80     HI                   2/1/2007        N                 390000                   1          3               1625                                                                               96749          12/20/2006              2      PA1605EI_ARM-INTONLY                             0            390000                             78000     100                        661           41.21     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503199530       SFR                               1     OO        REFI                  Y                              7.37                 7.37              376000             375713.61               2/1/2007              1/1/2037                  2595.66      360      80     VA                   2/1/2007        N                 470000                   1          0            2595.66                                                                               22554          12/20/2006              2      PF1630_FIXEDRATE                                 0                 0                             94000     100                        667           42.68     3YR                                                             0           0           0               0
     2503199531       SFR                               1     OO        REFI                  Y                             6.875                6.875              540000             539546.33               2/1/2007              1/1/2037                  3547.42      360    67.5     IL                   2/1/2007        N                 800000                   1          0            3547.42                                                                               60070          12/13/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0    67.5                        729           28.74     NO-PREPAY                                                       0           0           0               0
     2503199557       D-PUDS                            1     OO        PURCHASE              N                               5.8                  5.8              279200                279200               2/1/2007              1/1/2037                  1349.47      360      80     CO                   2/1/2007        N                 349000                   1          3            1349.47                                                                               80634          12/15/2006              1      PA2605EI_ARM-INTONLY                             0            349000                             34900      90                        630           35.48     2YR                                         1/1/2012            6           3           1               3
     2503199568       SFR                               1     NOO       PURCHASE              N                             12.05                12.05               80000               79954.5               1/1/2007             12/1/2021                   825.97      180      20     IL                   2/1/2007        Y                 417500                   2          0             825.97                                                                               60712          11/30/2006              2      TB0630_BALLOON                                   0            400000                                 0      95                        785           29.89     NO-PREPAY                                                       0           0           0               0
     2503199575       SFR                               1     OO        REFI                  Y                              6.75                 6.75              130000              129817.8               2/1/2007              1/1/2037                   843.18      360   40.63     FL                   2/1/2007        N                 320000                   1          0             843.18                                                                               32951          12/20/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   40.63                        746           27.07     3YR                                                             0           0           0               0
     2503199577       SFR                               1     OO        REFI                  Y                               6.1                  6.1              166400                166400               2/1/2007              1/1/2037                   845.87      360      80     NV                   2/1/2007        N                 208000                   1          4             845.87                                                                               89030          12/11/2006              1      PA0605EI_ARM-INTONLY                             0                 0                             24500   91.78                        734           50.43     3YR                                         1/1/2012            6           3           1               4
     2503199670       SFR                               1     OO        REFI                  N                                 6                    6              345000                345000               2/1/2007              1/1/2037                     1725      360      75     CA                   2/1/2007        N                 460000                   1      3.875               1725                                                                               95757          12/18/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      75                        720           32.58     NO-PREPAY                                   1/1/2012            6           3           1           3.875
     2503199672       SFR                               1     OO        REFI                  Y                              6.99                 6.99              260000             259900.67               2/1/2007              1/1/2037                  1613.83      360   74.29     CA                   2/1/2007        Y                 350000                   1          3            1613.83                                                                               93535          12/18/2006              2      PL2605E_ARM-BALLOON                              0                 0                                 0   74.29                        620           41.44     3YR                                         1/1/2012            6           3           1               3
     2503199674       2-4FAMILY                         2     OO        PURCHASE              N                             7.455                7.455              179925                179925               2/1/2007              1/1/2037                  1117.78      360      75     CT                   2/1/2007        N                 240000                   1          3            1117.78                                                                               06051           12/4/2006              2      PA1605EI_ARM-INTONLY                             0            239900                             59975     100                        645            41.1     2YR                                         1/1/2012            6           3           1               3
     2503199676       SFR                               1     OO        REFI                  Y                               6.6                  6.6              532000                532000               2/1/2007              1/1/2037                     2926      360      80     CA                   2/1/2007        N                 665000                   1      3.875               2926                                                                               94555          12/14/2006              8      SA0605EI_ARM-INTONLY                             0                 0                                 0      80                        708               0     NO-PREPAY                                   1/1/2012            6           3           1           3.875
     2503199677       2-4FAMILY                         2     OO        PURCHASE              N                             12.79                12.79               59975              59960.62               2/1/2007              1/1/2022                   653.61      180      25     CT                   2/1/2007        Y                 240000                   2          0             653.61                                                                               06051           12/4/2006              2      TB1630_BALLOON                                   0            239900                                 0     100                        645            41.1     2YR                                                             0           0           0               0
     2503199683       SFR                               1     OO        REFI                  Y                             6.375                6.375              284000                284000               2/1/2007              1/1/2037                  1508.75      360   51.36     CA                   2/1/2007        N                 553000                   1          0            1508.75                                                                               90301          12/13/2006              2      PF2630I_FIX-INTONLY                              0                 0                                 0   51.36                        628           32.07     3YR                                                             0           0           0               0
     2503199690       SFR                               1     OO        REFI                  Y                             6.725                6.725              140000             139878.87               2/1/2007              1/1/2037                   905.71      360   54.27     OR                   2/1/2007        N                 258000                   1          0             905.71                                                                               97444          12/28/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   54.27                        693           31.08     3YR                                                             0           0           0               0
     2503199698       D-PUDS                            1     OO        PURCHASE              N                              7.79                 7.79              447200                447200               2/1/2007              1/1/2037                  2903.07      360      80     CA                   2/1/2007        N                 559000                   1          3            2903.07                                                                               92555          12/21/2006              2      PA1605EI_ARM-INTONLY                             0            559000                            111800     100                        663           42.91     1YR                                         1/1/2012            6           3           1               3
     2503199699       SFR                               1     OO        PURCHASE              N                               7.3                  7.3              552000                552000               2/1/2007              1/1/2037                     3358      360      80     CA                   2/1/2007        N                 690000                   1      3.875               3358                                                                               92802          12/14/2006              2      PA1605EI_ARM-INTONLY                             0            690000                            138000     100                        661           46.05     2YR                                         1/1/2012            6           3           1           3.875
     2503199714       D-PUDS                            1     NOO       PURCHASE              N                                 6                    6              983125                983125               2/1/2007              1/1/2037                  4915.63      360      65     CA                   2/1/2007        N                1520000                   1          3            4915.63                                                                               92646          12/11/2006              2      PA0605EI_ARM-INTONLY                             0           1512500                                 0      65                        762            46.7     3YR                                         1/1/2012            6           3           1               3
     2503199731       SFR                               1     NOO       REFI                  Y                               7.5                  7.5              320000                320000               2/1/2007              1/1/2037                     2000      360      80     CA                   2/1/2007        N                 400000                   1          3               2000                                                                               92504          12/15/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        679             7.3     3YR                                         1/1/2012            6           3           1               3
     2503199732       CONDO                             1     OO        REFI                  Y                             7.025                7.025              247000             246798.53               2/1/2007              1/1/2037                  1647.45      360   67.68     CA                   2/1/2007        N                 365000                   1          3            1647.45                                                                               90604          12/27/2006              2      PA3605E_ARM                                      0                 0                                 0   67.68                        617           42.94     1YR                                         1/1/2012            6           3           1               3
     2503199741       SFR                               1     OO        REFI                  Y                              6.99                 6.99              200600             200435.25               2/1/2007              1/1/2037                  1333.25      360   71.65     IL                   2/1/2007        N                 280000                   1          3            1333.25                                                                               60402          12/18/2006              1      PA1605E_ARM                                      0                 0                                 0   71.65                        647           51.99     1YR                                         1/1/2012            6           3           1               3
     2503199745       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              240000                240000               2/1/2007              1/1/2037                     1350      360      80     CA                   2/1/2007        N                 300000                   1          3               1350                                                                               95987          12/13/2006              2      PA0605EI_ARM-INTONLY                             0            300000                             60000     100                        731           41.94     3YR                                         1/1/2012            6           3           1               3
     2503199752       CONDO                             1     OO        REFI                  N                              7.35                 7.35              212000             211926.83               2/1/2007              1/1/2037                  1371.67      360      80     HI                   2/1/2007        Y                 265000                   1          0            1371.67                                                                               96817          12/13/2006              2      PB0640_BALLOON                                   0                 0                             53000     100                        729           41.98     3YR                                                             0           0           0               0
     2503199756       HI-RISE                           1     OO        PURCHASE              N                              7.95                 7.95              496000                496000               2/1/2007              1/1/2037                     3286      360      80     FL                   2/1/2007        N                 625000                   1          3               3286                                                                               33312           12/8/2006              2      PA0605EI_ARM-INTONLY                             0            620000                            124000     100                        696           45.74     3YR                                         1/1/2012            6           3           1               3
     2503199807       D-PUDS                            1     NOO       PURCHASE              N                             7.625                7.625              283500                283500               2/1/2007              1/1/2037                  1801.41      360      75     FL                   2/1/2007        N                 382000                   1          3            1801.41                                                                               32820          12/14/2006              2      PA1605EI_ARM-INTONLY                             0            378000                             75600      95                        654           28.98     2YR                                         1/1/2012            6           3           1               3
     2503199808       SFR                               1     OO        REFI                  N                              6.35                 6.35              440000             439590.49               2/1/2007              1/1/2037                  2737.84      360   78.58     CA                   2/1/2007        N                 560000                   1      3.875            2737.84                                                                               94928          12/11/2006              2      PA0605E_ARM                                      0                 0                                 0   78.58                        681           39.96     NO-PREPAY                                   1/1/2012            6           3           1           3.875
     2503199809       D-PUDS                            1     NOO       PURCHASE              N                             13.95                13.95               75600              75586.08               2/1/2007              1/1/2022                   892.77      180      20     FL                   2/1/2007        Y                 382000                   2          0             892.77                                                                               32820          12/14/2006              2      TB1630_BALLOON                                   0            378000                                 0      95                        654           28.98     2YR                                                             0           0           0               0
     2503199813       SFR                               1     OO        REFI                  Y                             6.375                6.375              600000                600000               2/1/2007              1/1/2037                   3187.5      360   60.61     CA                   2/1/2007        N                 990000                   1          0             3187.5                                                                               94110          12/29/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   60.61                        697           38.36     NO-PREPAY                                                       0           0           0               0
     2503199876       TOWNHOUSE                         1     OO        REFI                  N                                 7                    7              128000                128000               2/1/2007              1/1/2037                   746.67      360      80     IL                   2/1/2007        N                 160000                   1          0             746.67                                                                               60560          12/13/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0      80                        767           41.54     NO-PREPAY                                                       0           0           0               0
     2503199877       SFR                               1     OO        PURCHASE              N                              9.99                 9.99              408500             408435.21               2/1/2007              1/1/2037                  3465.55      360      95     NY                   2/1/2007        Y                 430000                   1          0            3465.55                                                                               11701          12/21/2006              2      PB2440_BALLOON                                  30            430000                                 0      95                        624           46.63     1YR                                                             0           0           0               0
     2503199885       SFR                               1     OO        PURCHASE              N                             5.859                5.859              107000             106890.58               2/1/2007              1/1/2037                   631.85      360   13.99     CA                   2/1/2007        N                 795000                   1          0             631.85                                                                               94553          12/13/2006              2      PF0630_FIXEDRATE                                 0            765000                                 0   13.99                        785           34.72     2YR                                                             0           0           0               0
     2503199896       SFR                               1     OO        PURCHASE              N                             6.425                6.425              320000                320000               2/1/2007              1/1/2037                  1713.33      360      80     CA                   2/1/2007        N                 400000                   1          4            1713.33                                                                               92557          12/18/2006              2      PA0605EI_ARM-INTONLY                             0            400000                             80000     100                        719           39.13     3YR                                         1/1/2012            6           3           1               4
     2503199897       SFR                               1     NOO       PURCHASE              N                              6.37                 6.37              135000                135000               2/1/2007              1/1/2037                   716.63      360      75     TX                   2/1/2007        N                 180000                   1          3             716.63                                                                               79935          12/19/2006              2      PA0605EI_ARM-INTONLY                             0            180000                             36000      95                        691           39.07     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503199900       SFR                               1     OO        PURCHASE              N                             6.875                6.875              451200                451200               2/1/2007              1/1/2037                     2585      360      80     CA                   2/1/2007        N                 564000                   1          3               2585                                                                               91304          12/18/2006              2      PA1605EI_ARM-INTONLY                             0            564000                            112800     100                        640           38.02     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503199901       SFR                               1     OO        REFI                  Y                             6.625                6.625              172000             171949.58               2/1/2007              1/1/2037                   949.58      360    68.8     AZ                   2/1/2007        N                 250000                   1          0             949.58                                                                               86004          12/18/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0    68.8                        714           24.18     5YR                                                             0           0           0               0
     2503199903       SFR                               1     OO        REFI                  N                              6.45                 6.45              528000                528000               2/1/2007              1/1/2037                     2838      360      80     CA                   2/1/2007        N                 660000                   1          3               2838                                                                               95037          12/13/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            132000     100                        682           42.49     3YR                                         1/1/2012            6           3           1               3
     2503199904       SFR                               1     OO        PURCHASE              N                              11.3                 11.3              138000             137953.92               2/1/2007              1/1/2022                  1345.58      180      20     CA                   2/1/2007        Y                 690000                   2          0            1345.58                                                                               92802          12/14/2006              2      TB1630_BALLOON                                   0            690000                                 0     100                        661           49.38     3YR                                                             0           0           0               0
     2503199907       SFR                               1     OO        REFI                  Y                             5.125                5.125              465000                465000               2/1/2007              1/1/2037                  1985.94      360   69.41     CA                   2/1/2007        N                 670000                   1          3            1985.94                                                                               94931            1/2/2007              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   69.41                        687           36.52     3YR                                         1/1/2012            6           3           1               3
     2503199926       CONDO                             1     OO        REFI                  N                                 6                    6              300000                300000               2/1/2007              1/1/2037                     1500      360   76.93     CA                   2/1/2007        N                 390000                   1          3               1500                                                                               93933          12/18/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0   76.93                        695           36.38     3YR                                         1/1/2012            6           3           1               3
     2503199938       D-PUDS                            1     OO        PURCHASE              N                             5.875                5.875              526000                526000               2/1/2007              1/1/2037                  2575.21      360      80     HI                   2/1/2007        N                 660000                   1          3            2575.21                                                                               96753          12/14/2006              2      PA0605EI_ARM-INTONLY                             0            657500                            131500     100                        729           38.79     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503199945       SFR                               1     NOO       PURCHASE              N                             12.65                12.65               36000              35991.09               2/1/2007              1/1/2022                   388.41      180      20     TX                   2/1/2007        Y                 180000                   2          0             388.41                                                                               79935          12/19/2006              2      TB0630_BALLOON                                   0            180000                                 0      95                        691           39.07     NO-PREPAY                                                       0           0           0               0
     2503199947       SFR                               1     NOO       REFI                  N                               7.3                  7.3              476000                476000               2/1/2007              1/1/2037                  2895.67      360      80     WA                   2/1/2007        N                 595000                   1          3            2895.67                                                                               98126            1/3/2007              2      PA0605EI_ARM-INTONLY                             0                 0                             89250      95                        703           37.13     1YR                                         1/1/2012            6           3           1               3
     2503199949       SFR                               1     OO        REFI                  N                              6.45                 6.45              487500                487500               2/1/2007              1/1/2037                  2620.31      360   76.66     CA                   2/1/2007        N                 636000                   1          3            2620.31                                                                               92880            1/3/2007              2      PA1605EI_ARM-INTONLY                             0                 0                             60000   86.09                        661           45.34     3YR                                         1/1/2012            6           3           1               3
     2503199966       SFR                               1     OO        REFI                  Y                              6.25                 6.25              600000                600000               2/1/2007              1/1/2037                     3125      360   68.19     CA                   2/1/2007        N                 880000                   1          3               3125                                                                               91335          12/28/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   68.19                        685           26.88     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503199980       CONDO                             1     NOO       PURCHASE              N                              7.99                 7.99              124150             124066.53               2/1/2007              1/1/2037                    910.1      360      80     IL                   2/1/2007        N                 155200                   1          0              910.1                                                                               60005          12/20/2006              2      PF1630_FIXEDRATE                                 0            155200                                 0      80                        642           44.81     NO-PREPAY                                                       0           0           0               0
     2503199995       SFR                               1     OO        REFI                  Y                               6.3                  6.3              320000                320000               2/1/2007              1/1/2037                     1680      360      80     CA                   2/1/2007        N                 400000                   1          3               1680                                                                               95322          12/12/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        670           40.03     3YR                                         1/1/2012            6           3           1               3
     2503200018       2-4FAMILY                         2     OO        REFI                  Y                               7.5                  7.5              400000                400000               2/1/2007              1/1/2037                     2500      360      80     IL                   2/1/2007        N                 500000                   1          3               2500                                                                               60653          12/28/2006              8      SA0605EI_ARM-INTONLY                             0                 0                                 0      80                        686               0     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503200025       SFR                               1     OO        PURCHASE              N                              6.95                 6.95              660000                660000               2/1/2007              1/1/2037                   3822.5      360      75     PA                   2/1/2007        N                 880000                   1          3             3822.5                                                                               18940          12/21/2006              2      PA0605EI_ARM-INTONLY                             0            880000                            220000     100                        794           46.36     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503200027       SFR                               1     NOO       REFI                  N                              8.25                 8.25              111200                111200               2/1/2007              1/1/2037                    764.5      360      80     FL                   2/1/2007        N                 139000                   1          3              764.5                                                                               33476          12/22/2006              7      SA1605EI_ARM-INTONLY                             0                 0                                 0      80                        677               0     3YR                                         1/1/2012            6           3           1               3
     2503200038       SFR                               1     OO        PURCHASE              N                                 6                    6              582400                582400               2/1/2007              1/1/2037                     2912      360      80     CA                   2/1/2007        N                 728000                   1          3               2912                                                                               94521           12/8/2006              2      PA0605EI_ARM-INTONLY                             0            728000                            145600     100                        720           41.95     2YR                                         1/1/2012            6           3           1               3
     2503200049       SFR                               1     OO        REFI                  N                               5.5                  5.5              163500                163500               2/1/2007              1/1/2037                   749.38      360    32.7     CA                   2/1/2007        N                 500000                   1          0             749.38                                                                               90744          12/26/2006              8      SF0630I_FIX-INTONLY                              0                 0                                 0    32.7                        793               0     2YR                                                             0           0           0               0
     2503200056       SFR                               1     NOO       REFI                  Y                              7.35                 7.35              320000             319889.56               2/1/2007              1/1/2037                  2070.44      360      80     CA                   2/1/2007        Y                 400000                   1          0            2070.44                                                                               95252          12/26/2006              2      PB0640_BALLOON                                   0                 0                             28000      87                        688           42.44     3YR                                                             0           0           0               0
     2503200061       CONDO                             1     OO        REFI                  N                                 6                    6              324000                324000               2/1/2007              1/1/2037                     1620      360      80     CA                   2/1/2007        N                 405000                   1          3               1620                                                                               95122          12/29/2006              2      PA2605EI_ARM-INTONLY                             0                 0                             30000   87.41                        622           50.27     3YR                                         1/1/2012            6           3           1               3
     2503200065       2-4FAMILY                         4     OO        PURCHASE              N                              8.79                 8.79              640000                640000               3/1/2007              2/1/2037                     4688      360      80     CA                   2/1/2007        N                 800000                   1          3               4688                                                                               90806           1/22/2007              2      PA0605EI_ARM-INTONLY                             0            800000                            160000     100                        721           45.56     3YR                                         2/1/2012            6           3           1               3
     2503200098       SFR                               1     OO        REFI                  Y                              5.99                 5.99              171000                171000               2/1/2007              1/1/2037                   853.58      360   67.06     OR                   2/1/2007        N                 255000                   1          0             853.58                                                                               97124          12/28/2006             15      SF0630I_FIX-INTONLY                              0                 0                                 0   67.06                        683               0     3YR                                                             0           0           0               0
     2503200106       SFR                               1     NOO       REFI                  Y                               5.7                  5.7              301000                301000               2/1/2007              1/1/2037                  1429.75      360      70     CA                   2/1/2007        N                 430000                   1          4            1429.75                                                                               96150          12/22/2006              1      PA0607EI_ARM-INTONLY                             0                 0                                 0      70                        718           16.69     3YR                                         1/1/2014            6           3           1               4
     2503200113       2-4FAMILY                         2     NOO       REFI                  Y                              5.99                 5.99              306500                306500               2/1/2007              1/1/2037                  1529.95      360   68.12     CA                   2/1/2007        N                 450000                   1          0            1529.95                                                                               95630          12/22/2006              1      PF0630I_FIX-INTONLY                              0                 0                                 0   68.12                        718           17.32     3YR                                                             0           0           0               0
     2503200123       SFR                               1     OO        REFI                  N                              6.99                 6.99              208000                208000               2/1/2007              1/1/2037                   1211.6      360      80     CA                   2/1/2007        N                 260000                   1      3.875             1211.6                                                                               95961          12/20/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             52000     100                        714           43.97     3YR                                         1/1/2012            6           3           1           3.875
     2503200133       SFR                               1     OO        PURCHASE              N                              7.73                 7.73              128000             127960.36               2/1/2007              1/1/2037                   864.17      360      80     CO                   2/1/2007        Y                 160000                   1          3             864.17                                                                               80631          12/20/2006              2      PL0605E_ARM-BALLOON                              0            160000                             32000     100                        694           42.57     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503200150       SFR                               1     NOO       PURCHASE              N                               7.4                  7.4              181211             180603.85               2/1/2007              1/1/2037                  1117.47      360      75     FL                   2/1/2007        N                 290000                   1          3            1117.47                                                                               34986            1/4/2007              2      PA1605EI_ARM-INTONLY                             0            241615                             24161      85                        670           48.16     3YR                                         1/1/2012            6           3           1               3
     2503200152       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              304000             303725.18               2/1/2007              1/1/2037                  1921.49      360      80     CA                   2/1/2007        N                 430000                   1          0            1921.49                                                                               90221          12/21/2006              2      PF0630_FIXEDRATE                                 0            380000                                 0      80                        696           42.71     NO-PREPAY                                                       0           0           0               0
     2503200155       SFR                               1     OO        REFI                  Y                             7.375                7.375              204800                204800               2/1/2007              1/1/2037                  1258.67      360      80     UT                   2/1/2007        N                 256000                   1          3            1258.67                                                                               84088          12/15/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             51200     100                        699           30.65     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503200158       SFR                               1     OO        REFI                  N                             7.535                7.535              160800                160800               2/1/2007              1/1/2037                  1009.69      360      80     NV                   2/1/2007        N                 201000                   1          3            1009.69                                                                               89108          12/15/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             40200     100                        646           32.36     3YR                                         1/1/2012            6           3           1               3
     2503200160       SFR                               1     OO        REFI                  Y                               6.5                  6.5              267000                267000               2/1/2007              1/1/2037                  1446.25      360   86.13     CA                   2/1/2007        N                 310000                   1      3.625            1446.25                                                                               96002          12/15/2006              2      PA0405EI_ARM-INTONLY                            25                 0                                 0   86.13                        716           37.47     3YR                                         1/1/2012            6           3           1           3.625
     2503200181       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              328000                328000               2/1/2007              1/1/2037                     1845      360      80     CA                   2/1/2007        N                 430000                   1          3               1845                                                                               92337          12/19/2006              2      PA0605EI_ARM-INTONLY                             0            410000                             82000     100                        699           34.15     1YR                                         1/1/2012            6           3           1               3
     2503200189       SFR                               1     OO        REFI                  Y                              6.75                 6.75              452000                452000               2/1/2007              1/1/2037                   2542.5      360      80     CA                   2/1/2007        N                 565000                   1          3             2542.5                                                                               90018          12/13/2006              2      PA2605EI_ARM-INTONLY                             0                 0                                 0      80                        631           43.56     3YR                                         1/1/2012            6           3           1               3
     2503200191       SFR                               1     OO        REFI                  N                               5.5                  5.5              304000                304000               2/1/2007              1/1/2037                  1393.33      360   63.21     CA                   2/1/2007        N                 481000                   1          3            1393.33                                                                               92025          12/13/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0   63.21                        749            22.5     2YR                                         1/1/2012            6           3           1               3
     2503200193       SFR                               1     OO        REFI                  N                             5.625                5.625              538000                538000               2/1/2007              1/1/2037                  2521.88      360   67.25     CA                   2/1/2007        N                 800000                   1      3.875            2521.88                                                                               94112          12/18/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   67.25                        718            42.2     NO-PREPAY                                   1/1/2012            6           3           1           3.875
     2503200204       SFR                               1     OO        REFI                  Y                             7.125                7.125              265500                265500               2/1/2007              1/1/2037                  1576.41      360      75     NV                   2/1/2007        N                 354000                   1          3            1576.41                                                                               89169          12/19/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             88500     100                        692           37.02     1YR                                         1/1/2012            6           3           1               3
     2503200219       CONDO                             1     OO        PURCHASE              N                               8.4                  8.4              252000                252000               2/1/2007              1/1/2037                     1764      360      80     CA                   2/1/2007        N                 315000                   1          3               1764                                                                               93063          12/14/2006              2      PA1605EI_ARM-INTONLY                             0            315000                             63000     100                        675           39.57     5YR                                         1/1/2012            6           3           1               3
     2503200236       CONDO                             1     OO        PURCHASE              N                             11.75                11.75               63000              62980.94               2/1/2007              1/1/2022                   635.93      180      20     CA                   2/1/2007        Y                 315000                   2          0             635.93                                                                               93063          12/14/2006              2      TB1630_BALLOON                                   0            315000                                 0     100                        675           39.57     3YR                                                             0           0           0               0
     2503200259       SFR                               1     OO        REFI                  Y                              6.99                 6.99              210000                210000               2/1/2007              1/1/2037                  1223.25      360   53.17     NY                   2/1/2007        N                 395000                   1          0            1223.25                                                                               11740          12/20/2006              2      PF1630I_FIX-INTONLY                              0                 0                                 0   53.17                        656            43.4     1YR                                                             0           0           0               0
     2503200260       CONDO                             1     2ND       PURCHASE              N                              7.61                 7.61              135950                135950               2/1/2007              1/1/2037                   862.15      360   74.99     FL                   2/1/2007        N                 183000                   1          3             862.15                                                                               33401          12/27/2006              2      PA1605EI_ARM-INTONLY                             0            181300                             36250   94.99                        655              50     3YR                                         1/1/2012            6           3           1               3
     2503200274       SFR                               1     NOO       PURCHASE              N                               6.5                  6.5              135000                135000               2/1/2007              1/1/2037                   731.25      360      75     CA                   2/1/2007        N                 198000                   1          3             731.25                                                                               93706          12/28/2006              2      PA0607EI_ARM-INTONLY                             0            180000                             36000      95                        686           40.41     1YR                                         1/1/2014            6           3           1               3
     2503200281       SFR                               1     NOO       PURCHASE              N                            12.375               12.375               36000              35990.53               2/1/2007              1/1/2022                   380.72      180      20     CA                   2/1/2007        Y                 198000                   2          0             380.72                                                                               93706          12/28/2006              2      TB0630_BALLOON                                   0            180000                                 0      95                        686           40.41     1YR                                                             0           0           0               0
     2503200285       SFR                               1     NOO       REFI                  N                              7.28                 7.28              117000                117000               2/1/2007              1/1/2037                    709.8      360      75     MN                   2/1/2007        N                 156000                   1          3              709.8                                                                               55411           12/4/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             23400      90                        668           29.28     3YR                                         1/1/2012            6           3           1               3
     2503200288       SFR                               1     NOO       PURCHASE              N                               8.8                  8.8              243000             242861.63               2/1/2007              1/1/2037                  1920.37      360      90     FL                   2/1/2007        N                 275000                   1          3            1920.37                                                                               34235            1/2/2007             17      PA0605E_ARM                                     30            270000                                 0      90                        746           43.18     1YR                                         1/1/2012            6           3           1               3
     2503200289       SFR                               1     NOO       REFI                  Y                             13.79                13.79               23400              23395.52               2/1/2007              1/1/2022                   273.38      180      15     MN                   2/1/2007        Y                 156000                   2          0             273.38                                                                               55411           12/4/2006              2      TB1630_BALLOON                                   0                 0                                 0      90                        668           29.28     NO-PREPAY                                                       0           0           0               0
     2503200302       SFR                               1     OO        REFI                  Y                             7.125                7.125              272000             271782.49               2/1/2007              1/1/2037                  1832.51      360   77.72     CA                   2/1/2007        N                 350000                   1          0            1832.51                                                                               92405          12/14/2006              2      PF2630_FIXEDRATE                                 0                 0                                 0   77.72                        623           36.59     3YR                                                             0           0           0               0
     2503200334       2-4FAMILY                         4     NOO       REFI                  N                              6.62                 6.62              430000                430000               2/1/2007              1/1/2037                  2372.17      360   69.92     CA                   2/1/2007        N                 615000                   1          3            2372.17                                                                               95350          12/20/2006              2      PA0607EI_ARM-INTONLY                             0                 0                                 0   69.92                        728           41.86     NO-PREPAY                                   1/1/2014            6           3           1               3
     2503200342       D-PUDS                            1     OO        REFI                  N                              6.61                 6.61              256000                256000               2/1/2007              1/1/2037                  1410.13      360      80     NC                   2/1/2007        N                 320000                   1          3            1410.13                                                                               27265          12/15/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             64000     100                        667           43.51     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503200357       SFR                               1     OO        PURCHASE              N                               6.3                  6.3              319920                319920               2/1/2007              1/1/2037                  1679.58      360      80     CA                   2/1/2007        N                 399900                   1          3            1679.58                                                                               95838          12/21/2006              2      PA0605EI_ARM-INTONLY                             0            399900                             79980     100                        692           38.53     1YR                                         1/1/2012            6           3           1               3
     2503200364       SFR                               1     NOO       PURCHASE              N                             6.875                6.875              186450                186450               2/1/2007              1/1/2037                   1068.2      360      75     FL                   2/1/2007        N                 249000                   1          3             1068.2                                                                               33064          12/28/2006              2      PA0605EI_ARM-INTONLY                             0            248600                             49700      95                        734            37.1     1YR                                         1/1/2012            6           3           1               3
     2503200366       D-PUDS                            1     OO        REFI                  N                              5.34                 5.34              900000                900000               2/1/2007              1/1/2037                     4005      360   51.43     CA                   2/1/2007        N                1750000                   1          3               4005                                                                               94539          12/29/2006              2      PA0603EI_ARM-INTONLY                             0                 0                                 0   51.43                        789           29.11     NO-PREPAY                                   1/1/2010            6           3           1               3
     2503200373       SFR                               1     NOO       PURCHASE              N                            12.525               12.525               49700              49687.35               2/1/2007              1/1/2022                   531.39      180      20     FL                   2/1/2007        Y                 249000                   2          0             531.39                                                                               33064          12/28/2006              2      TB0630_BALLOON                                   0            248600                                 0      95                        734           37.77     NO-PREPAY                                                       0           0           0               0
     2503200382       PUD                               1     OO        REFI                  N                              5.99                 5.99              363750                363750               2/1/2007              1/1/2037                  1815.72      360      75     CA                   2/1/2007        N                 485000                   1          3            1815.72                                                                               92840          12/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            121250     100                        699           44.94     3YR                                         1/1/2012            6           3           1               3
     2503200406       SFR                               1     OO        REFI                  Y                                 7                    7              203000             202833.61               2/1/2007              1/1/2037                  1350.56      360   62.47     CA                   2/1/2007        N                 325000                   1          0            1350.56                                                                               92404          12/19/2006              7      SF3630_FIXEDRATE                                 0                 0                                 0   62.47                        610               0     3YR                                                             0           0           0               0
     2503200439       SFR                               1     OO        REFI                  Y                              5.25                 5.25              520000                520000               2/1/2007              1/1/2037                     2275      360   54.74     CA                   2/1/2007        N                 950000                   1          3               2275                                                                               94112          12/27/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0   54.74                        774           31.01     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503200445       SFR                               1     OO        REFI                  N                             6.625                6.625              363750                363750               2/1/2007              1/1/2037                   2008.2      360      75     CA                   2/1/2007        N                 485000                   1          3             2008.2                                                                               90650          12/28/2006              2      PA1605EI_ARM-INTONLY                             0                 0                            121250     100                        666           44.78     2YR                                         1/1/2012            6           3           1               3
     2503200449       SFR                               1     OO        PURCHASE              N                             5.975                5.975              480000             479519.87               2/1/2007              1/1/2037                  2870.13      360      80     CA                   2/1/2007        N                 600000                   1          0            2870.13                                                                               90640          12/29/2006              8      SF2630_FIXEDRATE                                 0            610000                                 0      80                        624               0     NO-PREPAY                                                       0           0           0               0
     2503200458       SFR                               1     NOO       PURCHASE              N                              8.92                 8.92               70000                 69961               2/1/2007              1/1/2037                   559.21      360   89.75     IL                   2/1/2007        N                  78000                   1          3             559.21                                                                               60033          12/18/2006              2      PA0605E_ARM                                     30             78000                                 0   89.75                        687           48.13     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503200459       SFR                               1     OO        REFI                  Y                              5.99                 5.99              195000             194805.51               2/1/2007              1/1/2037                  1167.87      360      52     CA                   2/1/2007        N                 375000                   1          0            1167.87                                                                               90011          12/29/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      52                        753           32.51     3YR                                                             0           0           0               0
     2503200460       2-4FAMILY                         2     NOO       PURCHASE              N                             7.125                7.125              428000                427800               2/1/2007              1/1/2037                  2541.25      360      80     CA                   2/1/2007        N                 535000                   1          3            2541.25                                                                               90255            1/5/2007             17      PA0605EI_ARM-INTONLY                             0            535000                                 0      80                        738           39.43     3YR                                         1/1/2012            6           3           1               3
     2503200463       CONDO                             1     NOO       PURCHASE              N                             6.695                6.695              254925                254925               2/1/2007              1/1/2037                  1422.27      360      75     CA                   2/1/2007        N                 355000                   1          4            1422.27                                                                               90755          12/22/2006              2      PA0605EI_ARM-INTONLY                             0            339900                             50985      90                        719           42.23     2YR                                         1/1/2012            6           3           1               4
     2503200464       CONDO                             1     NOO       PURCHASE              N                             12.39                12.39               50985              50971.63               2/1/2007              1/1/2022                   539.79      180      15     CA                   2/1/2007        Y                 355000                   2          0             539.79                                                                               90755          12/22/2006              2      TB0630_BALLOON                                   0            339900                                 0      90                        719           42.23     2YR                                                             0           0           0               0
     2503200513       SFR                               1     OO        PURCHASE              N                             7.255                7.255              187500                187500               2/1/2007              1/1/2037                  1133.59      360      75     FL                   2/1/2007        N                 252000                   1      3.875            1133.59                                                                               33009          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            250000                             62500     100                        703           38.29     3YR                                         1/1/2012            6           3           1           3.875
     2503200532       SFR                               1     OO        REFI                  N                                 7                    7              279000                279000               2/1/2007              1/1/2037                   1627.5      360   88.58     CA                   2/1/2007        N                 315000                   1          0             1627.5                                                                               95240            1/3/2007              2      PF2430I_FIX-INTONLY                             25                 0                                 0   88.58                        634            46.7     3YR                                                             0           0           0               0
     2503200533       SFR                               1     OO        REFI                  Y                             6.634                6.634              170500                170500               2/1/2007              1/1/2037                   942.58      360    77.5     NV                   2/1/2007        N                 220000                   1      3.875             942.58                                                                               89101          12/14/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0    77.5                        685           35.09     3YR                                         1/1/2012            6           3           1           3.875
     2503200543       D-PUDS                            1     NOO       PURCHASE              N                              12.8                 12.8               51000               50987.8               2/1/2007              1/1/2022                    556.2      180      20     CO                   2/1/2007        Y                 260000                   2          0              556.2                                                                               80634          12/12/2006              2      TB0630_BALLOON                                   0            255000                                 0      95                        699           37.37     NO-PREPAY                                                       0           0           0               0
     2503200544       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              379200                379200               2/1/2007              1/1/2037                     1975      360      80     CA                   2/1/2007        N                 475000                   1          3               1975                                                                               91701          12/11/2006              2      PA0605EI_ARM-INTONLY                             0            474000                             94800     100                        741           42.09     2YR                                         1/1/2012            6           3           1               3
     2503200547       SFR                               1     OO        REFI                  Y                                 6                    6              630000                630000               2/1/2007              1/1/2037                     3150      360   56.76     CA                   2/1/2007        N                1110000                   1       3.45               3150                                                                               91325          12/22/2006              2      PA0607EI_ARM-INTONLY                             0                 0                                 0   56.76                        755           34.65     NO-PREPAY                                   1/1/2014            6           3           1            3.45
     2503200551       SFR                               1     OO        REFI                  N                             6.375                6.375              327000             326697.14               2/1/2007              1/1/2037                  2040.05      360   71.09     CA                   2/1/2007        N                 460000                   1          0            2040.05                                                                               92503          12/14/2006             17      PF0630_FIXEDRATE                                 0                 0                                 0   71.09                        704           38.97     NO-PREPAY                                                       0           0           0               0
     2503200566       SFR                               1     OO        PURCHASE              N                               5.8                  5.8              296000                296000               2/1/2007              1/1/2037                  1430.67      360      80     CA                   2/1/2007        N                 370000                   1          0            1430.67                                                                               93657          12/15/2006              1      PF0630I_FIX-INTONLY                              0            370000                                 0      80                        711           43.69     3YR                                                             0           0           0               0
     2503200575       SFR                               1     NOO       REFI                  N                                 8                    8              186350                186350               2/1/2007              1/1/2037                  1242.33      360   74.99     IL                   2/1/2007        N                 248500                   1          3            1242.33                                                                               60629          12/18/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             37250   89.98                        652            33.5     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503200577       SFR                               1     OO        REFI                  Y                               6.6                  6.6              212500                212500               2/1/2007              1/1/2037                  1168.75      360      85     CA                   2/1/2007        N                 250000                   1          4            1168.75                                                                               93203          12/20/2006             17      PA2405EI_ARM-INTONLY                            22                 0                                 0      85                        631           42.91     2YR                                         1/1/2012            6           3           1               4
     2503200582       SFR                               1     NOO       REFI                  Y                              6.69                 6.69              305500                305500               2/1/2007              1/1/2037                  1703.16      360   40.74     CA                   2/1/2007        N                 750000                   1          0            1703.16                                                                               94134          12/29/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   40.74                        686           50.87     2YR                                                             0           0           0               0
     2503200584       HI-RISE                           1     NOO       REFI                  N                              6.25                 6.25              243750                243750               2/1/2007              1/1/2037                  1269.53      360      75     CA                   2/1/2007        N                 325000                   1          3            1269.53                                                                               92101          12/21/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      75                        773           14.77     1YR                                         1/1/2012            6           3           1               3
     2503200589       SFR                               1     NOO       REFI                  Y                              12.2                 12.2               37250              37239.81               2/1/2007              1/1/2022                    388.9      180   14.99     IL                   2/1/2007        Y                 248500                   2          0              388.9                                                                               60629          12/18/2006              2      TB1630_BALLOON                                   0                 0                                 0   89.98                        652            33.5     NO-PREPAY                                                       0           0           0               0
     2503200607       D-PUDS                            1     NOO       PURCHASE              N                               6.9                  6.9              163650                163650               2/1/2007              1/1/2037                   940.99      360      75     FL                   2/1/2007        N                 240000                   1          3             940.99                                                                               33928          12/20/2006              2      PA0605EI_ARM-INTONLY                             0            218225                             43600   94.98                        793            31.4     2YR                                         1/1/2012            6           3           1               3
     2503200608       D-PUDS                            1     NOO       PURCHASE              N                             11.75                11.75               43600              43586.82               2/1/2007              1/1/2022                    440.1      180   19.98     FL                   2/1/2007        Y                 240000                   2          0              440.1                                                                               33928          12/20/2006              2      TB0630_BALLOON                                   0            218225                                 0   94.98                        793            31.4     2YR                                                             0           0           0               0
     2503200612       SFR                               1     OO        PURCHASE              N                              8.42                 8.42              116000             115928.56               2/1/2007              1/1/2037                   885.37      360      80     MI                   2/1/2007        N                 145000                   1          3             885.37                                                                               48076          12/22/2006              2      PA1605E_ARM                                      0            145000                             29000     100                        650           49.92     3YR                                         1/1/2012            6           3           1               3
     2503200618       SFR                               1     OO        REFI                  Y                               6.5                  6.5              532000                532000               2/1/2007              1/1/2037                  2881.67      360   73.89     CA                   2/1/2007        N                 720000                   1          3            2881.67                                                                               95131          12/19/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   73.89                        725           33.48     3YR                                         1/1/2012            6           3           1               3
     2503200626       SFR                               1     OO        REFI                  N                              6.45                 6.45              328500                328500               2/1/2007              1/1/2037                  1765.69      360      75     CA                   2/1/2007        N                 438000                   1          3            1765.69                                                                               92071          12/26/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             87600      95                        641           47.75     3YR                                         1/1/2012            6           3           1               3
     2503200634       SFR                               1     OO        PURCHASE              N                             6.175                6.175              348000                348000               2/1/2007              1/1/2037                  1790.75      360      80     CA                   2/1/2007        N                 485000                   1          3            1790.75                                                                               93906           12/7/2006              2      PA1605EI_ARM-INTONLY                             0            435000                             87000     100                        651           43.57     2YR                                         1/1/2012            6           3           1               3
     2503200638       SFR                               1     OO        REFI                  Y                             6.375                6.375              480000             479555.42               2/1/2007              1/1/2037                  2994.58      360   68.58     CA                   2/1/2007        N                 700000                   1          0            2994.58                                                                               90713          12/18/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   68.58                        740           28.47     NO-PREPAY                                                       0           0           0               0
     2503200639       SFR                               1     OO        PURCHASE              N                            12.225               12.225               87000              86976.32               2/1/2007              1/1/2022                   909.99      180      20     CA                   2/1/2007        Y                 485000                   2          0             909.99                                                                               93906           12/7/2006              2      TB1630_BALLOON                                   0            435000                                 0     100                        651           43.99     3YR                                                             0           0           0               0
     2503200642       SFR                               1     OO        REFI                  N                               5.8                  5.8              204800                204800               2/1/2007              1/1/2037                   989.87      360      80     AZ                   2/1/2007        N                 256000                   1      3.875             989.87                                                                               85032          12/20/2006              1      PA0605EI_ARM-INTONLY                             0                 0                             38400      95                        683            49.9     3YR                                         1/1/2012            6           3           1           3.875
     2503200644       SFR                               1     OO        PURCHASE              N                             7.375                7.375              624000                624000               2/1/2007              1/1/2037                     3835      360      80     CA                   2/1/2007        N                 780000                   1          3               3835                                                                               94014          12/27/2006              2      PA1605EI_ARM-INTONLY                             0            780000                            156000     100                        665           38.76     1YR                                         1/1/2012            6           3           1               3
     2503200679       SFR                               1     OO        REFI                  N                              5.99                 5.99              362500             358306.87               2/1/2007              1/1/2037                  1809.48      360   51.79     CA                   2/1/2007        N                 700000                   1          0            1809.48                                                                               93907          12/20/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   51.79                        729           41.93     NO-PREPAY                                                       0           0           0               0
     2503200686       CONDO                             1     OO        PURCHASE              N                              6.99                 6.99              188000             187845.59               2/1/2007              1/1/2037                  1249.51      360      80     CA                   2/1/2007        N                 235000                   1          3            1249.51                                                                               95687          12/20/2006              2      PA0605E_ARM                                      0            235000                             47000     100                        750           43.01     3YR                                         1/1/2012            6           3           1               3
     2503200690       D-PUDS                            1     NOO       PURCHASE              N                               6.5                  6.5              388100                388100               2/1/2007              1/1/2037                  2102.21      360      75     FL                   2/1/2007        N                 535000                   1          3            2102.21                                                                               33437            1/2/2007              2      PA0605EI_ARM-INTONLY                             0            517511                             77650      90                        704           44.13     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503200707       2-4FAMILY                         3     OO        PURCHASE              N                               8.8                  8.8              487500                487500               3/1/2007              2/1/2037                     3575      360      75     NY                   2/1/2007        N                 650000                   1          3               3575                                                                               11221            1/3/2007              2      PA1605EI_ARM-INTONLY                             0            650000                            162500     100                        672           46.93     NO-PREPAY                                   2/1/2012            6           3           1               3
     2503200708       D-PUDS                            1     OO        REFI                  N                             5.625                5.625              579200                579200               2/1/2007              1/1/2037                     2715      360      80     VA                   2/1/2007        N                 724000                   1          3               2715                                                                               22079          12/28/2006              2      PA1605EI_ARM-INTONLY                             0                 0                            144800     100                        655            38.8     2YR                                         1/1/2012            6           3           1               3
     2503200711       SFR                               1     2ND       REFI                  Y                              5.75                 5.75              171400                171400               2/1/2007              1/1/2037                   821.29      360   42.33     CA                   2/1/2007        N                 405000                   1          3             821.29                                                                               92234            1/3/2007              1      PA0605EI_ARM-INTONLY                             0                 0                                 0   42.33                        743           30.32     3YR                                         1/1/2012            6           3           1               3
     2503200727       D-PUDS                            1     OO        REFI                  N                               5.8                  5.8              557000                557000               2/1/2007              1/1/2037                  2692.17      360   60.55     CA                   2/1/2007        N                 920000                   1          3            2692.17                                                                               94587          12/19/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   60.55                        771           36.15     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503200730       D-PUDS                            1     NOO       REFI                  Y                               6.5                  6.5              543100                543100               2/1/2007              1/1/2037                  2941.79      360   74.92     CA                   2/1/2007        N                 725000                   1          3            2941.79                                                                               94590          12/18/2006              8      SA0605EI_ARM-INTONLY                             0                 0                                 0   74.92                        763               0     3YR                                         1/1/2012            6           3           1               3
     2503200734       SFR                               1     OO        REFI                  Y                             6.365                6.365              192800                192800               2/1/2007              1/1/2037                  1022.64      360      80     CA                   2/1/2007        N                 241000                   1          3            1022.64                                                                               95531          12/29/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        664           29.24     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503200738       SFR                               1     OO        REFI                  N                               6.5                  6.5              380000                380000               2/1/2007              1/1/2037                  2058.33      360      80     CA                   2/1/2007        N                 475000                   1          3            2058.33                                                                               91701          12/19/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             47500      90                        687            40.7     3YR                                         1/1/2012            6           3           1               3
     2503200750       D-PUDS                            1     OO        REFI                  Y                              6.99                 6.99              333000              332793.5               2/1/2007              1/1/2037                  1939.73      360      90     NV                   2/1/2007        N                 370000                   1          0            1939.73                                                                               89074          12/18/2006              1      PF0430I_FIX-INTONLY                             25                 0                                 0      90                        751            40.4     1YR                                                             0           0           0               0
     2503200771       SFR                               1     OO        PURCHASE              N                             6.625                6.625              270000                270000               2/1/2007              1/1/2037                  1490.63      360      75     FL                   2/1/2007        N                 365000                   1          3            1490.63                                                                               33309          12/14/2006              2      PA0605EI_ARM-INTONLY                             0            360000                             90000     100                        759           41.56     2YR                                         1/1/2012            6           3           1               3
     2503200794       SFR                               1     OO        REFI                  Y                              7.75                 7.75              480000             479661.22               2/1/2007              1/1/2037                  3438.78      360   73.19     FL                   2/1/2007        N                 655900                   1          0            3438.78                                                                               32137          12/18/2006              8      SF2630_FIXEDRATE                                 0                 0                                 0   73.19                        669               0     3YR                                                             0           0           0               0
     2503200804       SFR                               1     OO        REFI                  Y                              6.89                 6.89              255000             254899.81               2/1/2007              1/1/2037                  1564.32      360   68.55     FL                   2/1/2007        Y                 372000                   1          3            1564.32                                                                               33125          12/27/2006             17      PL1605E_ARM-BALLOON                              0                 0                                 0   68.55                        674           49.19     3YR                                         1/1/2012            6           3           1               3
     2503200827       D-PUDS                            1     NOO       REFI                  Y                              5.75                 5.75              370000             369999.92               2/1/2007              1/1/2037                  1772.92      360   59.88     CA                   2/1/2007        N                 618000                   1          3            1772.92                                                                               91915          12/22/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0   59.88                        786           47.64     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503200834       SFR                               1     OO        PURCHASE              N                               8.1                  8.1              304000                304000               2/1/2007              1/1/2037                     2052      360      80     CA                   2/1/2007        N                 380000                   1      3.875               2052                                                                               92395          12/19/2006              2      PA0605EI_ARM-INTONLY                             0            380000                             76000     100                        707           42.05     1YR                                         1/1/2012            6           3           1           3.875
     2503200835       SFR                               1     OO        REFI                  Y                              6.75                 6.75               96000              95917.35               2/1/2007              1/1/2037                   622.65      360      50     FL                   2/1/2007        N                 192000                   1          0             622.65                                                                               33023          12/26/2006              1      PF2630_FIXEDRATE                                 0                 0                                 0      50                        634           35.94     1YR                                                             0           0           0               0
     2503200843       SFR                               1     OO        REFI                  Y                              5.25                 5.25              620000                620000               2/1/2007              1/1/2037                   2712.5      360   63.27     CA                   2/1/2007        N                 980000                   1          3             2712.5                                                                               94044          12/26/2006             17      PA0605EI_ARM-INTONLY                             0                 0                                 0   63.27                        717           38.99     3YR                                         1/1/2012            6           3           1               3
     2503200852       2-4FAMILY                         4     OO        PURCHASE              N                              7.99                 7.99              341250             341020.57               2/1/2007              1/1/2037                  2501.59      360      75     CA                   2/1/2007        N                 455000                   1          0            2501.59                                                                               93305          12/20/2006              2      PF1630_FIXEDRATE                                 0            455000                            113750     100                        668           35.19     3YR                                                             0           0           0               0
     2503200862       SFR                               1     OO        PURCHASE              N                              5.75                 5.75              560000                560000               2/1/2007              1/1/2037                  2683.33      360      80     CA                   2/1/2007        N                 755000                   1          3            2683.33                                                                               93906          12/18/2006              2      PA0605EI_ARM-INTONLY                             0            700000                                 0      80                        715           29.84     2YR                                         1/1/2012            6           3           1               3
     2503200865       SFR                               1     OO        REFI                  N                              5.75                 5.75              240000                240000               2/1/2007              1/1/2037                     1150      360   61.54     OR                   2/1/2007        N                 390000                   1       3.25               1150                                                                               97062          12/26/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   61.54                        821           26.09     1YR                                         1/1/2012            6           3           1            3.25
     2503200872       SFR                               1     OO        REFI                  Y                             7.125                7.125              276000                276000               2/1/2007              1/1/2037                  1638.75      360      80     CA                   2/1/2007        N                 345000                   1          4            1638.75                                                                               92374          12/29/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             48300      94                        658           28.02     3YR                                         1/1/2012            6           3           1               4
     2503200875       HI-RISE                           1     NOO       PURCHASE              N                              6.75                 6.75              200000                200000               2/1/2007              1/1/2037                     1125      360      80     HI                   2/1/2007        N                 250000                   1          4               1125                                                                               96822          12/22/2006              2      PA0605EI_ARM-INTONLY                             0            250000                             37500      95                        771           47.64     NO-PREPAY                                   1/1/2012            6           3           1               4
     2503200891       2-4FAMILY                         4     NOO       REFI                  N                               5.5                  5.5              635000                635000               2/1/2007              1/1/2037                  2910.42      360   30.61     CA                   2/1/2007        N                2075000                   1          3            2910.42                                                                               90211          12/28/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   30.61                        697           15.44     2YR                                         1/1/2012            6           3           1               3
     2503200910       SFR                               1     OO        REFI                  N                              5.82                 5.82              480000                480000               2/1/2007              1/1/2037                     2328      360      80     CA                   2/1/2007        N                 600000                   1          3               2328                                                                               95122          12/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             78000      93                        742            44.7     2YR                                         1/1/2012            6           3           1               3
     2503200918       SFR                               1     OO        REFI                  Y                              6.55                 6.55              322000                322000               2/1/2007              1/1/2037                  1757.58      360      70     CA                   2/1/2007        N                 460000                   1          3            1757.58                                                                               90047          12/28/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      70                        674           54.94     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503200925       SFR                               1     OO        PURCHASE              N                              6.99                 6.99              163600                163600               2/1/2007              1/1/2037                   952.97      360      80     FL                   2/1/2007        N                 204500                   1          3             952.97                                                                               32164          12/20/2006              2      PA1605EI_ARM-INTONLY                             0            204500                             40900     100                        640            41.8     3YR                                         1/1/2012            6           3           1               3
     2503200930       CONDO                             1     NOO       PURCHASE              N                               6.5                  6.5               94400                 94400               2/1/2007              1/1/2037                   511.33      360   69.98     FL                   2/1/2007        N                 135000                   1          3             511.33                                                                               33916          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            134900                             33700   94.96                        720           41.76     5YR                                         1/1/2012            6           3           1               3
     2503200935       HI-RISE                           1     OO        REFI                  Y                             6.125                6.125             1075000               1075000               2/1/2007              1/1/2037                  5486.98      360   67.19     CA                   2/1/2007        N                1600000                   1          0            5486.98                                                                               94109          12/22/2006              1      PF0630I_FIX-INTONLY                              0                 0                                 0   67.19                        755           30.88     3YR                                                             0           0           0               0
     2503200952       HI-RISE                           1     NOO       PURCHASE              N                              6.75                 6.75              424400                424400               2/1/2007              1/1/2037                  2387.25      360      75     FL                   2/1/2007        N                 595000                   1          3            2387.25                                                                               33019          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            565900                            113200      95                        721           32.02     3YR                                         1/1/2012            6           3           1               3
     2503200957       SFR                               1     NOO       REFI                  Y                               6.5                  6.5              106000             105904.18               2/1/2007              1/1/2037                   669.99      360   48.19     RI                   2/1/2007        N                 220000                   1          0             669.99                                                                               02860          12/29/2006             17      PF0630_FIXEDRATE                                 0                 0                                 0   48.19                        733           47.94     1YR                                                             0           0           0               0
     2503200959       HI-RISE                           1     NOO       PURCHASE              N                             12.65                12.65              113200             113171.99               2/1/2007              1/1/2022                  1221.33      180   20.01     FL                   2/1/2007        Y                 595000                   2          0            1221.33                                                                               33019          12/29/2006              2      TB0630_BALLOON                                   0            565900                                 0      95                        721           32.02     NO-PREPAY                                                       0           0           0               0
     2503200964       SFR                               1     OO        REFI                  N                             6.375                6.375              571000                571000               2/1/2007              1/1/2037                  3033.44      360   79.31     CA                   2/1/2007        N                 720000                   1          4            3033.44                                                                               94124          12/19/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0   79.31                        679           48.23     NO-PREPAY                                   1/1/2012            6           3           1               4
     2503200965       SFR                               1     NOO       REFI                  Y                              5.75                 5.75              245550             244687.52               2/1/2007              1/1/2022                  2039.07      180   70.16     WA                   2/1/2007        N                 350000                   1          0            2039.07                                                                               98118          12/28/2006              8      SF2615_FIXEDRATE                                 0                 0                                 0   70.16                        639               0     NO-PREPAY                                                       0           0           0               0
     2503200987       SFR                               1     OO        REFI                  N                              6.75                 6.75              180000                180000               2/1/2007              1/1/2037                   1012.5      360   74.39     IL                   2/1/2007        N                 242000                   1          4             1012.5                                                                               60101          12/27/2006              1      PA0605EI_ARM-INTONLY                             0                 0                             55200   97.19                        701           46.28     NO-PREPAY                                   1/1/2012            6           3           1               4
     2503201008       CONDO                             1     NOO       PURCHASE              N                             5.875                5.875              115400                115400               2/1/2007              1/1/2037                   564.98      360   69.99     FL                   2/1/2007        N                 165000                   1          3             564.98                                                                               33712          12/15/2006              2      PA0605EI_ARM-INTONLY                             0            164900                             41200   94.97                        724            44.9     5YR                                         1/1/2012            6           3           1               3
     2503201024       D-PUDS                            1     NOO       PURCHASE              N                             7.925                7.925               90400                 90400               2/1/2007              1/1/2037                   597.02      360      80     TX                   2/1/2007        N                 125000                   1          3             597.02                                                                               77066          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            113000                                 0      80                        659           19.49     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503201025       D-PUDS                            1     OO        PURCHASE              N                              6.86                 6.86              482800                482800               2/1/2007              1/1/2037                  2760.01      360      80     VA                   2/1/2007        N                 700000                   1          3            2760.01                                                                               20105          12/13/2006              2      PA1605EI_ARM-INTONLY                             0            603500                            120700     100                        642           46.52     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503201029       D-PUDS                            1     OO        PURCHASE              N                             12.75                12.75              120700              120670.8               2/1/2007              1/1/2022                  1311.64      180      20     VA                   2/1/2007        Y                 700000                   2          0            1311.64                                                                               20105          12/13/2006              2      TB1630_BALLOON                                   0            603500                                 0     100                        642           46.52     NO-PREPAY                                                       0           0           0               0
     2503201030       CONDO                             1     OO        PURCHASE              N                              7.31                 7.31              105000             104919.07               2/1/2007              1/1/2037                   720.56      360   60.91     FL                   2/1/2007        N                 175000                   1          0             720.56                                                                               33193          12/29/2006              2      PF1630_FIXEDRATE                                 0            172400                                 0   60.91                        657           42.91     2YR                                                             0           0           0               0
     2503201031       SFR                               1     NOO       REFI                  Y                              7.25                 7.25              269500                269500               2/1/2007              1/1/2037                  1628.23      360      70     CA                   2/1/2007        N                 385000                   1          0            1628.23                                                                               92507          12/29/2006              7      SF1630I_FIX-INTONLY                              0                 0                                 0      70                        659               0     2YR                                                             0           0           0               0
     2503201047       SFR                               1     OO        REFI                  Y                             6.125                6.125              130000             129873.65               2/1/2007              1/1/2037                   789.89      360   54.17     CA                   2/1/2007        N                 240000                   1          0             789.89                                                                               95820          12/22/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   54.17                        683           43.12     3YR                                                             0           0           0               0
     2503201063       HI-RISE                           1     NOO       PURCHASE              N                             12.95                12.95               37500              37491.33               2/1/2007              1/1/2022                   413.36      180      15     HI                   2/1/2007        Y                 250000                   2          0             413.36                                                                               96822          12/22/2006              2      TB0630_BALLOON                                   0            250000                                 0      95                        771           46.85     NO-PREPAY                                                       0           0           0               0
     2503201065       SFR                               1     OO        REFI                  Y                              5.25                 5.25              375000                375000               2/1/2007              1/1/2037                  1640.63      360   46.88     CA                   2/1/2007        N                 800000                   1          3            1640.63                                                                               91304          12/28/2006              8      SA0605EI_ARM-INTONLY                             0                 0                                 0   46.88                        781               0     1YR                                         1/1/2012            6           3           1               3
     2503201070       CONDO                             1     OO        PURCHASE              N                               6.3                  6.3              332000                332000               2/1/2007              1/1/2037                     1743      360      80     CA                   2/1/2007        N                 415000                   1          3               1743                                                                               91335          12/14/2006              2      PA0605EI_ARM-INTONLY                             0            415000                             83000     100                        791           40.81     3YR                                         1/1/2012            6           3           1               3
     2503201073       HI-RISE                           1     OO        PURCHASE              N                             6.625                6.625              132000                132000               2/1/2007              1/1/2037                   728.75      360      80     FL                   2/1/2007        N                 182000                   1          3             728.75                                                                               33179          12/20/2006              2      PA1605EI_ARM-INTONLY                             0            165000                             33000     100                        665           43.48     3YR                                         1/1/2012            6           3           1               3
     2503201077       SFR                               1     OO        PURCHASE              N                              8.45                 8.45              256000                256000               2/1/2007              1/1/2037                  1802.67      360      80     FL                   2/1/2007        N                 337000                   1      3.875            1802.67                                                                               33018          12/19/2006              2      PA1605EI_ARM-INTONLY                             0            320000                             64000     100                        648           47.94     3YR                                         1/1/2012            6           3           1           3.875
     2503201082       SFR                               1     OO        PURCHASE              N                              7.75                 7.75              368000                368000               2/1/2007              1/1/2037                  2376.67      360      80     FL                   2/1/2007        N                 460000                   1          3            2376.67                                                                               33165          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            460000                             92000     100                        645           42.28     3YR                                         1/1/2012            6           3           1               3
     2503201086       SFR                               1     OO        REFI                  Y                                 6                    6              307500                307500               2/1/2007              1/1/2037                   1537.5      360      75     MA                   2/1/2007        N                 410000                   1          3             1537.5                                                                               02169          12/29/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             41000      85                        643           28.01     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503201092       SFR                               1     OO        REFI                  Y                              5.75                 5.75              287000             286845.82               2/1/2007              1/1/2037                  1529.39      360    62.4     CA                   2/1/2007        Y                 460000                   1       5.55            1529.39                                                                               95366          12/13/2006              2      PL0605E_ARM-BALLOON                              0                 0                                 0    62.4                        788           33.82     NO-PREPAY                                   1/1/2012            6           3           1            5.55
     2503201094       2-4FAMILY                         3     OO        PURCHASE              N                              8.55                 8.55              517425                517425               2/1/2007              1/1/2037                  3686.65      360      75     NJ                   2/1/2007        N                 690000                   1          3            3686.65                                                                               07105          12/21/2006              2      PA0605EI_ARM-INTONLY                             0            689900                            172475     100                        687            45.9     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503201106       CONDO                             1     OO        PURCHASE              N                              7.67                 7.67              141319                141319               2/1/2007              1/1/2037                   903.26      360      80     FL                   2/1/2007        N                 177000                   1          3             903.26                                                                               33351          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            176649                             35329     100                        658           44.19     3YR                                         1/1/2012            6           3           1               3
     2503201113       SFR                               1     OO        REFI                  N                               6.5                  6.5              322500                322500               2/1/2007              1/1/2037                  1746.88      360      75     CA                   2/1/2007        N                 430000                   1          3            1746.88                                                                               92860          12/27/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            107500     100                        686           40.69     1YR                                         1/1/2012            6           3           1               3
     2503201128       D-PUDS                            1     OO        REFI                  N                                 6                    6              118000                118000               2/1/2007              1/1/2027                      590      240   42.91     CA                   2/1/2007        N                 275000                   1          0                590                                                                               91351          12/28/2006              2      PF0620I_FIX-INTONLY                              0                 0                                 0   42.91                        762           44.32     3YR                                                             0           0           0               0
     2503201132       SFR                               1     OO        REFI                  N                             5.875                5.875              665250                665250               2/1/2007              1/1/2037                  3256.95      360   67.96     CA                   2/1/2007        N                 979000                   1          0            3256.95                                                                               92604          12/29/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   67.96                        738           39.69     3YR                                                             0           0           0               0
     2503201133       CONDO                             1     OO        PURCHASE              N                              5.99                 5.99              188350                188350               3/1/2007              2/1/2037                  1128.04      360   79.99     MD                   2/1/2007        N                 236000                   1          0            1128.04                                                                               21030            1/3/2007              2      PF0630_FIXEDRATE                                 0            235490                             47050   99.97                        751           47.71     3YR                                                             0           0           0               0
     2503201137       SFR                               1     OO        REFI                  Y                              6.99                 6.99              301000                301000               2/1/2007              1/1/2037                  1753.33      360      70     IL                   2/1/2007        N                 430000                   1          3            1753.33                                                                               60077          12/28/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      70                        652           29.53     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503201140       SFR                               1     OO        REFI                  Y                              6.15                 6.15              417000                416900               2/1/2007              1/1/2037                  2137.13      360   72.53     CA                   2/1/2007        N                 575000                   1          0            2137.13                                                                               95407            1/2/2007              2      PF0630I_FIX-INTONLY                              0                 0                                 0   72.53                        739           48.43     3YR                                                             0           0           0               0
     2503201142       SFR                               1     OO        REFI                  N                               5.8                  5.8              488000                488000               2/1/2007              1/1/2037                  2358.67      360   40.67     CA                   2/1/2007        N                1200000                   1          3            2358.67                                                                               94563          12/28/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   40.67                        788           23.76     1YR                                         1/1/2012            6           3           1               3
     2503201146       SFR                               1     OO        PURCHASE              N                              7.92                 7.92              600000                600000               2/1/2007              1/1/2037                     3960      360      80     CA                   2/1/2007        N                 750000                   1      3.875               3960                                                                               90039          12/28/2006              2      PA0605EI_ARM-INTONLY                             0            750000                            150000     100                        696           49.38     NO-PREPAY                                   1/1/2012            6           3           1           3.875
     2503201182       SFR                               1     OO        REFI                  Y                             6.625                6.625              440000              439611.8               2/1/2007              1/1/2037                  2817.37      360      80     CA                   2/1/2007        N                 550000                   1          3            2817.37                                                                               92025          12/26/2006              2      PA1607E_ARM                                      0                 0                             27500      85                        644           35.54     3YR                                         1/1/2014            6           3           1               3
     2503201186       SFR                               1     OO        PURCHASE              N                               7.5                  7.5              319900                319900               2/1/2007              1/1/2037                  1999.37      360      80     VA                   2/1/2007        N                 415000                   1          3            1999.37                                                                               22712          12/12/2006              2      PA1605EI_ARM-INTONLY                             0            399900                             79950   99.99                        668           36.48     3YR                                         1/1/2012            6           3           1               3
     2503201187       SFR                               1     OO        PURCHASE              N                             11.25                11.25               79950              79923.01               2/1/2007              1/1/2022                   776.52      180      20     VA                   2/1/2007        Y                 415000                   2          0             776.52                                                                               22712          12/12/2006              2      TB1630_BALLOON                                   0            399900                                 0   99.99                        668           36.48     3YR                                                             0           0           0               0
     2503201191       PUD                               1     OO        REFI                  N                              5.85                 5.85              110000                110000               2/1/2007              1/1/2037                   536.25      360   58.21     CA                   2/1/2007        N                 189000                   1          0             536.25                                                                               93230          12/18/2006              1      PF0630I_FIX-INTONLY                              0                 0                                 0   58.21                        762           23.64     1YR                                                             0           0           0               0
     2503201195       D-PUDS                            1     OO        PURCHASE              N                              8.54                 8.54              364600                364600               2/1/2007              1/1/2037                  2594.74      360      95     FL                   2/1/2007        N                 395000                   1       4.25            2594.74                                                                               33325          12/21/2006             12      EA0605EI_ARM-INTONLY                            30            383800                                 0      95                        690               0     3YR                                         1/1/2012            6           3           1            4.25
     2503201197       SFR                               1     OO        REFI                  Y                              5.75                 5.75              336000                336000               2/1/2007              1/1/2037                     1610      360      70     CA                   2/1/2007        N                 480000                   1          3               1610                                                                               92336          12/26/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      70                        791           21.03     3YR                                         1/1/2012            6           3           1               3
     2503201198       SFR                               1     OO        REFI                  Y                              6.09                 6.09              510000             509500.97               2/1/2007              1/1/2037                  3087.28      360   77.51     CA                   2/1/2007        N                 658000                   1          0            3087.28                                                                               95020          12/15/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   77.51                        682           33.73     3YR                                                             0           0           0               0
     2503201203       SFR                               1     OO        PURCHASE              N                                 7                    7              162400                162400               2/1/2007              1/1/2037                   947.33      360      80     CO                   2/1/2007        N                 208000                   1          3             947.33                                                                               81005          12/14/2006              2      PA1605EI_ARM-INTONLY                             0            203000                             30450      95                        672           49.72     2YR                                         1/1/2012         4.99           3           1               3
     2503201216       SFR                               1     NOO       PURCHASE              N                              7.25                 7.25               73100                 73100               2/1/2007              1/1/2037                   441.65      360    74.6     NC                   2/1/2007        N                 112000                   1          3             441.65                                                                               28269          12/29/2006              2      PA1605EI_ARM-INTONLY                             0             98000                             20000      95                        659            31.1     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503201218       SFR                               1     OO        REFI                  Y                              5.75                 5.75              250000             249941.67               2/1/2007              1/1/2037                  1197.92      360   53.77     CA                   2/1/2007        N                 465000                   1          3            1197.92                                                                               90650          12/26/2006             12      SA0605EI_ARM-INTONLY                             0                 0                                 0   53.77                        770               0     3YR                                         1/1/2012            6           3           1               3
     2503201230       2-4FAMILY                         2     OO        PURCHASE              N                              7.15                 7.15              502100                502100               2/1/2007              1/1/2037                  2991.68      360      80     NY                   2/1/2007        N                 630000                   1          3            2991.68                                                                               11420          12/15/2006              2      PA0605EI_ARM-INTONLY                             0            627660                            125500     100                        734           48.31     1YR                                         1/1/2012            6           3           1               3
     2503201244       SFR                               1     NOO       PURCHASE              N                              14.4                 14.4               20000              19996.68               2/1/2007              1/1/2022                   243.32      180   20.41     NC                   2/1/2007        Y                 112000                   2          0             243.32                                                                               28269          12/29/2006              2      TB1630_BALLOON                                   0             98000                                 0      95                        659            6.21     NO-PREPAY                                                       0           0           0               0
     2503201247       SFR                               1     OO        REFI                  Y                               6.5                  6.5              163000             162882.92               2/1/2007              1/1/2037                   882.92      360   31.97     CA                   2/1/2007        N                 510000                   1          3             882.92                                                                               91331          12/21/2006             12      SA0605EI_ARM-INTONLY                             0                 0                                 0   31.97                        695               0     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503201249       SFR                               1     OO        REFI                  N                             6.875                6.875              508000                508000               2/1/2007              1/1/2037                  2910.42      360   78.76     IL                   2/1/2007        N                 645000                   1          0            2910.42                                                                               60439          12/20/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   78.76                        691           27.07     NO-PREPAY                                                       0           0           0               0
     2503201251       SFR                               1     NOO       REFI                  Y                             7.375                7.375              378750                378750               2/1/2007              1/1/2037                  2327.73      360      75     NJ                   2/1/2007        N                 505000                   1          3            2327.73                                                                               07062          12/22/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             75750      90                        714           34.02     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503201253       SFR                               1     NOO       REFI                  N                              12.3                 12.3               75750              75729.73               2/1/2007              1/1/2022                   796.71      180      15     NJ                   2/1/2007        Y                 505000                   2          0             796.71                                                                               07062          12/22/2006              2      TB0630_BALLOON                                   0                 0                                 0      90                        714           34.02     NO-PREPAY                                                       0           0           0               0
     2503201266       PUD                               1     OO        PURCHASE              N                             7.125                7.125              172400                172400               2/1/2007              1/1/2037                  1023.62      360   74.99     FL                   2/1/2007        N                 232000                   1        3.5            1023.62                                                                               33626          12/21/2006              2      PA1605EI_ARM-INTONLY                             0            229902                             46000      95                        649           32.75     NO-PREPAY                                   1/1/2012            6           3           1             3.5
     2503201289       HI-RISE                           1     OO        PURCHASE              N                             6.983                6.983              257900             257687.89               2/1/2007              1/1/2037                  1712.87      360      75     FL                   2/1/2007        N                 350000                   1          0            1712.87                                                                               33301          12/29/2006              2      PF0630_FIXEDRATE                                 0            343900                             86000     100                        693           41.88     NO-PREPAY                                                       0           0           0               0
     2503201311       2-4FAMILY                         3     NOO       REFI                  N                              5.99                 5.99              173500              172902.9               2/1/2007              1/1/2022                  1463.15      180   61.97     IL                   2/1/2007        N                 280000                   1          0            1463.15                                                                               60623          12/18/2006              2      PF1615_FIXEDRATE                                 0                 0                                 0   61.97                        672           48.64     NO-PREPAY                                                       0           0           0               0
     2503201320       CONDO                             1     OO        PURCHASE              N                             6.375                6.375              480000                480000               2/1/2007              1/1/2037                     2550      360      75     CA                   2/1/2007        N                 645000                   1          3               2550                                                                               95135          12/20/2006              2      PA0605EI_ARM-INTONLY                             0            640000                            160000     100                        690           44.23     3YR                                         1/1/2012            6           3           1               3
     2503201336       CONDO                             1     OO        PURCHASE              N                              5.25                 5.25              627000                627000               2/1/2007              1/1/2037                  2743.12      360      80     HI                   2/1/2007        N                 825000                   1          3            2743.12                                                                               96707          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            783750                            156750     100                        707           35.31     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503201348       CONDO                             1     OO        PURCHASE              N                                 8                    8              500000             499856.77               2/1/2007              1/1/2037                  3476.56      360      80     FL                   2/1/2007        Y                 625000                   1      3.875            3476.56                                                                               33483          12/19/2006              2      PL1602E_ARM-BALLOON                              0            625000                            125000     100                        651           46.12     NO-PREPAY                                   1/1/2009            6           3           1           3.875
     2503201352       CONDO                             1     OO        REFI                  Y                              5.74                 5.74              280000                280000               2/1/2007              1/1/2037                  1339.33      360      80     CA                   2/1/2007        N                 350000                   1          3            1339.33                                                                               91402          12/28/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        743           44.28     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503201355       D-PUDS                            1     OO        PURCHASE              N                              7.25                 7.25              324000             323747.25               2/1/2007              1/1/2037                  2210.25      360      80     AZ                   2/1/2007        N                 405000                   1          0            2210.25                                                                               85032          12/20/2006              2      PF2630_FIXEDRATE                                 0            405000                             60750      95                        639           43.29     NO-PREPAY                                                       0           0           0               0
     2503201356       SFR                               1     NOO       REFI                  N                              6.25                 6.25              239200                239200               2/1/2007              1/1/2037                  1245.83      360      80     CA                   2/1/2007        N                 299000                   1          4            1245.83                                                                               95993          12/28/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        733           35.43     3YR                                         1/1/2012            6           3           1               4
     2503201370       CONDO                             1     OO        PURCHASE              N                             6.625                6.625              312000              311997.5               2/1/2007              1/1/2037                   1722.5      360      80     CA                   2/1/2007        N                 390000                   1          3             1722.5                                                                               92688          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            390000                             78000     100                        680           49.65     3YR                                         1/1/2012            6           3           1               3
     2503201372       SFR                               1     OO        REFI                  N                               6.5                  6.5              528000                528000               2/1/2007              1/1/2037                     2860      360      80     CA                   2/1/2007        N                 660000                   1          3               2860                                                                               95023          12/21/2006              2      PA1605EI_ARM-INTONLY                             0                 0                            132000     100                        656           39.53     1YR                                         1/1/2012            6           3           1               3
     2503201380       CONDO                             1     OO        PURCHASE              N                             6.875                6.875              107900                107900               2/1/2007              1/1/2037                   618.18      360   79.99     FL                   2/1/2007        N                 135000                   1          3             618.18                                                                               33916          12/27/2006              2      PA0605EI_ARM-INTONLY                             0            134900                             27000     100                        736           41.93     5YR                                         1/1/2012            6           3           1               3
     2503201387       SFR                               1     OO        REFI                  Y                              5.99                 5.99              210000                210000               2/1/2007              1/1/2037                  1048.25      360      70     CA                   2/1/2007        N                 300000                   1          3            1048.25                                                                               95824          12/19/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             45000      85                        704           44.03     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503201404       2-4FAMILY                         2     NOO       REFI                  N                             5.715                5.715              421400                421400               2/1/2007              1/1/2037                  2006.92      360      49     CA                   2/1/2007        N                 860000                   1      3.875            2006.92                                                                               95076            1/4/2007              8      SA0605EI_ARM-INTONLY                             0                 0                                 0      49                        702               0     1YR                                         1/1/2012            6           3           1           3.875
     2503201406       SFR                               1     OO        REFI                  Y                             6.625                6.625              190500             190331.92               2/1/2007              1/1/2037                  1219.79      360      75     OR                   2/1/2007        N                 254000                   1          0            1219.79                                                                               97756          12/28/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      75                        694           38.77     3YR                                                             0           0           0               0
     2503201433       SFR                               1     OO        REFI                  Y                              6.25                 6.25              317500              317491.7               2/1/2007              1/1/2037                  1653.65      360   60.48     CA                   2/1/2007        N                 525000                   1          0            1653.65                                                                               94928          12/27/2006             17      PF0630I_FIX-INTONLY                              0                 0                                 0   60.48                        703            34.5     NO-PREPAY                                                       0           0           0               0
     2503201453       CONDO                             1     2ND       PURCHASE              N                              8.55                 8.55              116000             115930.45               2/1/2007              1/1/2037                   896.05      360      80     FL                   2/1/2007        N                 145000                   1          3             896.05                                                                               33009          12/18/2006              2      PA1605E_ARM                                      0            145000                                 0      80                                       7.75     3YR                                         1/1/2012            6           3           1               3
     2503201458       SFR                               1     OO        PURCHASE              N                             7.625                7.625              356000                356000               2/1/2007              1/1/2037                  2262.08      360      80     CA                   2/1/2007        N                 445000                   1          3            2262.08                                                                               94553          12/15/2006              2      PA1605EI_ARM-INTONLY                             0            445000                             89000     100                        640           42.75     1YR                                         1/1/2012            6           3           1               3
     2503201459       D-PUDS                            1     2ND       PURCHASE              N                               6.5                  6.5             1000000               1000000               2/1/2007              1/1/2037                  5416.67      360   67.55     FL                   2/1/2007        N                1600000                   1          3            5416.67                                                                               33076          12/29/2006              2      PA0605EI_ARM-INTONLY                             0           1480594                            332400      90                        703           29.69     3YR                                         1/1/2012            6           3           1               3
     2503201460       SFR                               1     OO        REFI                  N                               6.4                  6.4              388000                388000               2/1/2007              1/1/2037                  2069.33      360      80     NY                   2/1/2007        N                 485000                   1          3            2069.33                                                                               11580          12/22/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             97000     100                        709            34.3     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503201469       2-4FAMILY                         3     OO        PURCHASE              N                             9.875                9.875              324800                324800               2/1/2007              1/1/2037                  2672.83      360      80     IL                   2/1/2007        N                 407000                   1          3            2672.83                                                                               60651          12/21/2006              2      PA1605EI_ARM-INTONLY                             0            406000                             81200     100                        641           46.78     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503201478       SFR                               1     OO        REFI                  Y                              6.65                 6.65              460000             459999.17               2/1/2007              1/1/2037                  2549.16      360   63.45     CA                   2/1/2007        N                 725000                   1          0            2549.16                                                                               90604          12/28/2006              8      SF1630I_FIX-INTONLY                              0                 0                                 0   63.45                        648               0     3YR                                                             0           0           0               0
     2503201518       SFR                               1     OO        PURCHASE              N                             11.99                11.99               30450              30441.27               2/1/2007              1/1/2022                   312.98      180      15     CO                   2/1/2007        Y                 208000                   2          0             312.98                                                                               81005          12/14/2006              2      TB1630_BALLOON                                   0            203000                                 0      95                        672           49.72     NO-PREPAY                                                       0           0           0               0
     2503201519       SFR                               1     OO        PURCHASE              N                             6.375                6.375              221600                221600               2/1/2007              1/1/2037                  1177.25      360      80     CA                   2/1/2007        N                 290000                   1          3            1177.25                                                                               95991          12/14/2006              1      PA0605EI_ARM-INTONLY                             0            277000                             55400     100                        775           43.65     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503201522       HI-RISE                           1     2ND       PURCHASE              N                              7.71                 7.71              168000                168000               2/1/2007              1/1/2037                   1079.4      360      80     FL                   2/1/2007        N                 225000                   1          3             1079.4                                                                               33125          12/19/2006              2      PA1605EI_ARM-INTONLY                             0            210000                                 0      80                        640            8.38     3YR                                         1/1/2012            6           3           1               3
     2503201538       SFR                               1     OO        PURCHASE              N                               7.5                  7.5              420800                420800               2/1/2007              1/1/2037                     2630      360      80     CA                   2/1/2007        N                 526000                   1          3               2630                                                                               94520          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            526000                            105200     100                        707           48.91     2YR                                         1/1/2012            6           3           1               3
     2503201546       SFR                               1     OO        REFI                  Y                             6.875                6.875              772000                772000               2/1/2007              1/1/2037                  4422.92      360      80     CA                   2/1/2007        N                 965000                   1          3            4422.92                                                                               90232          12/21/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        751           23.66     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503201551       SFR                               1     OO        REFI                  N                             5.875                5.875              414000             413577.91               2/1/2007              1/1/2037                  2448.97      360   78.12     CA                   2/1/2007        N                 530000                   1          0            2448.97                                                                               90640          12/26/2006              2      PF1630_FIXEDRATE                                 0                 0                             89500      95                        676           46.14     3YR                                                             0           0           0               0
     2503201562       SFR                               1     OO        REFI                  Y                             5.875                5.875              200000                200000               2/1/2007              1/1/2037                   979.17      360   50.51     CA                   2/1/2007        N                 396000                   1          3             979.17                                                                               93230          12/28/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   50.51                        696           30.45     3YR                                         1/1/2012            6           3           1               3
     2503201588       SFR                               1     OO        REFI                  N                             5.625                5.625              587500             587478.11               2/1/2007              1/1/2037                  2753.91      360   58.75     CA                   2/1/2007        N                1000000                   1          3            2753.91                                                                               94561          12/27/2006              1      PA0605EI_ARM-INTONLY                             0                 0                                 0   58.75                        744           46.79     3YR                                         1/1/2012            6           3           1               3
     2503201613       SFR                               1     OO        REFI                  Y                              7.25                 7.25              750000                750000               2/1/2007              1/1/2037                  4531.25      360    70.1     CA                   2/1/2007        N                1070000                   1          3            4531.25                                                                               91320            1/3/2007              2      PA1605EI_ARM-INTONLY                             0                 0                            200000   88.79                        678            37.3     3YR                                         1/1/2012            6           3           1               3
     2503201622       SFR                               1     OO        REFI                  Y                             6.875                6.875              173000             172854.66               2/1/2007              1/1/2037                  1136.49      360   41.69     CA                   2/1/2007        N                 415000                   1          0            1136.49                                                                               92345          12/21/2006              7      SF3630_FIXEDRATE                                 0                 0                                 0   41.69                        601           29.68     3YR                                                             0           0           0               0
     2503201633       SFR                               1     OO        REFI                  Y                               7.6                  7.6              192000                192000               2/1/2007              1/1/2037                     1216      360      80     AZ                   2/1/2007        N                 240000                   1          3               1216                                                                               85210          12/19/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        657           46.93     3YR                                         1/1/2012            6           3           1               3
     2503201636       2-4FAMILY                         2     OO        REFI                  Y                              6.75                 6.75              440000                440000               2/1/2007              1/1/2037                     2475      360      80     CA                   2/1/2007        N                 550000                   1          3               2475                                                                               90262          12/26/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      80                        686           44.61     2YR                                         1/1/2012            6           3           1               3
     2503201645       SFR                               1     OO        REFI                  Y                               5.6                  5.6              392000                392000               2/1/2007              1/1/2037                  1829.33      360   64.27     CA                   2/1/2007        N                 610000                   1          3            1829.33                                                                               91201          12/27/2006              7      SA2605EI_ARM-INTONLY                             0                 0                                 0   64.27                        631               0     3YR                                         1/1/2012            6           3           1               3
     2503201647       D-PUDS                            1     OO        PURCHASE              N                               6.1                  6.1              618750                618750               2/1/2007              1/1/2037                  3145.31      360      75     CA                   2/1/2007        N                 845000                   1          3            3145.31                                                                               91387            1/3/2007              2      PA0605EI_ARM-INTONLY                             0            825000                            206250     100                        685           38.74     1YR                                         1/1/2012            6           3           1               3
     2503201655       D-PUDS                            1     OO        REFI                  Y                             5.875                5.875              450000             449541.21               2/1/2007              1/1/2037                  2661.92      360   73.18     HI                   2/1/2007        N                 615000                   1          0            2661.92                                                                               96797          12/21/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   73.18                        767           47.05     3YR                                                             0           0           0               0
     2503201674       SFR                               1     OO        REFI                  N                              7.25                 7.25              480000             479625.55               2/1/2007              1/1/2037                  3274.45      360      80     CA                   2/1/2007        N                 600000                   1          3            3274.45                                                                               95023          12/28/2006              2      PA1605E_ARM                                      0                 0                            120000     100                        677           40.32     2YR                                         1/1/2012            6           3           1               3
     2503201694       SFR                               1     OO        REFI                  N                              6.54                 6.54              298400                298400               2/1/2007              1/1/2037                  1626.28      360      80     CA                   2/1/2007        N                 373000                   1       2.75            1626.28                                                                               95210          12/29/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             55950      95                        647           46.39     3YR                                         1/1/2012            6           3           1            2.75
     2503201734       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              284000                284000               2/1/2007              1/1/2037                  1479.17      360      80     CA                   2/1/2007        N                 359000                   1      3.875            1479.17                                                                               95831          12/19/2006              2      PA0605EI_ARM-INTONLY                             0            355000                             71000     100                        681            38.7     1YR                                         1/1/2012            6           3           1           3.875
     2503201764       SFR                               1     OO        REFI                  Y                              5.25                 5.25              330000                330000               2/1/2007              1/1/2037                  1443.75      360   51.57     CA                   2/1/2007        N                 640000                   1      3.875            1443.75                                                                               90240          12/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   51.57                        688           47.24     1YR                                         1/1/2012            6           3           1           3.875
     2503201796       SFR                               1     OO        PURCHASE              N                              5.99                 5.99              408000                408000               2/1/2007              1/1/2037                   2036.6      360      80     CA                   2/1/2007        N                 510000                   1          3             2036.6                                                                               93906          12/18/2006              2      PA0605EI_ARM-INTONLY                             0            510000                            102000     100                        763           46.02     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503201810       SFR                               1     OO        REFI                  Y                               5.6                  5.6              120000             119572.25               2/1/2007              1/1/2022                   986.88      180   39.16     HI                   2/1/2007        N                 306500                   1          0             986.88                                                                               96720          12/27/2006              1      PF0615_FIXEDRATE                                 0                 0                                 0   39.16                        727           38.56     3YR                                                             0           0           0               0
     2503201815       2-4FAMILY                         2     NOO       REFI                  N                             5.875                5.875              191750             191083.61               2/1/2007              1/1/2022                  1605.17      180   63.92     IL                   2/1/2007        N                 300000                   1          0            1605.17                                                                               60623          12/18/2006              2      PF1615_FIXEDRATE                                 0                 0                                 0   63.92                        672           48.64     NO-PREPAY                                                       0           0           0               0
     2503201818       D-PUDS                            1     OO        PURCHASE              N                               7.7                  7.7              152800                152800               2/1/2007              1/1/2037                   980.47      360      80     FL                   2/1/2007        N                 240000                   1          3             980.47                                                                               33309          12/19/2006              2      PA0605EI_ARM-INTONLY                             0            191000                             38200     100                        681           25.38     3YR                                         1/1/2012            6           3           1               3
     2503201832       SFR                               1     OO        REFI                  N                               6.7                  6.7              464000                464000               2/1/2007              1/1/2037                  2590.67      360   74.84     CA                   2/1/2007        N                 620000                   1          3            2590.67                                                                               95407            1/2/2007              1      PA1605EI_ARM-INTONLY                             0                 0                            116000   93.55                        647           39.68     3YR                                         1/1/2012            6           3           1               3
     2503201833       SFR                               1     OO        REFI                  N                              5.99                 5.99              217600             217382.97               2/1/2007              1/1/2037                  1303.22      360      80     NV                   2/1/2007        N                 272000                   1          3            1303.22                                                                               89145          12/29/2006              2      PA1605E_ARM                                      0                 0                             25400   89.34                        678           39.21     2YR                                         1/1/2012            6           3           1               3
     2503201840       SFR                               1     OO        REFI                  Y                              6.65                 6.65              155000                155000               2/1/2007              1/1/2037                   858.96      360   68.89     AZ                   2/1/2007        N                 225000                   1      3.875             858.96                                                                               85023            1/3/2007              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   68.89                        680           32.24     3YR                                         1/1/2012            6           3           1           3.875
     2503201851       HI-RISE                           1     OO        PURCHASE              N                             6.817                6.817              304400                304400               2/1/2007              1/1/2037                  1729.25      360      75     FL                   2/1/2007        N                 406000                   1          3            1729.25                                                                               33301          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            405900                            101450   99.99                        751           39.41     2YR                                         1/1/2012            6           3           1               3
     2503201860       SFR                               1     OO        REFI                  N                             5.875                5.875              327000                327000               2/1/2007              1/1/2037                  1600.94      360   41.51     CA                   2/1/2007        N                 787927                   1          3            1600.94                                                                               92007          12/28/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   41.51                        700           40.39     1YR                                         1/1/2012            6           3           1               3
     2503201868       2-4FAMILY                         2     OO        REFI                  N                              5.99                 5.99              412000                412000               2/1/2007              1/1/2037                  2056.57      360   69.25     CA                   2/1/2007        N                 595000                   1          0            2056.57                                                                               90280          12/21/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   69.25                        722           52.49     3YR                                                             0           0           0               0
     2503201874       SFR                               1     OO        PURCHASE              N                              6.55                 6.55              204000                204000               2/1/2007              1/1/2037                   1113.5      360      80     NV                   2/1/2007        N                 255000                   1          3             1113.5                                                                               89110          12/19/2006              2      PA0605EI_ARM-INTONLY                             0            255000                             51000     100                        688           44.03     3YR                                         1/1/2012            6           3           1               3
     2503201877       SFR                               1     OO        REFI                  N                             5.925                5.925              224000                224000               2/1/2007              1/1/2037                     1106      360   77.25     VA                   2/1/2007        N                 290000                   1          3               1106                                                                               22630          12/21/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             56000   96.56                        706           29.67     2YR                                         1/1/2012            6           3           1               3
     2503201882       SFR                               1     OO        REFI                  N                              6.25                 6.25              144000             143875.74               2/1/2007              1/1/2037                      750      360      75     OR                   2/1/2007        N                 192000                   1          3                750                                                                               97045          12/28/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             38400      95                        704           37.68     3YR                                         1/1/2012            6           3           1               3
     2503201892       SFR                               1     OO        PURCHASE              N                               5.9                  5.9              360000                360000               2/1/2007              1/1/2037                     1770      360      80     CA                   2/1/2007        N                 460000                   1      3.875               1770                                                                               90810          12/20/2006              2      PA0605EI_ARM-INTONLY                             0            450000                             90000     100                        694           39.37     3YR                                         1/1/2012            6           3           1           3.875
     2503201898       SFR                               1     OO        PURCHASE              N                               7.1                  7.1              176000                176000               2/1/2007              1/1/2037                  1041.33      360      80     NV                   2/1/2007        N                 226000                   1          3            1041.33                                                                               89101          12/21/2006              2      PA1605EI_ARM-INTONLY                             0            220000                             44000     100                        667           47.58     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503201918       2-4FAMILY                         2     NOO       REFI                  N                             6.375                6.375              417000                417000               2/1/2007              1/1/2037                  2215.31      360    69.5     CA                   2/1/2007        N                 600000                   1          4            2215.31                                                                               90062          12/20/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             92000   84.84                        682           29.25     3YR                                         1/1/2012            6           3           1               4
     2503201919       SFR                               1     OO        REFI                  N                             5.875                5.875              535000                535000               2/1/2007              1/1/2037                  2619.27      360    60.8     CA                   2/1/2007        N                 880000                   1      3.875            2619.27                                                                               95148          12/28/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0    60.8                        774           38.35     NO-PREPAY                                   1/1/2012            6           3           1           3.875
     2503201920       2-4FAMILY                         2     NOO       REFI                  Y                            12.175               12.175               92000              91974.69               2/1/2007              1/1/2022                   958.73      180   15.34     CA                   2/1/2007        Y                 600000                   2          0             958.73                                                                               90062          12/20/2006              2      TB0630_BALLOON                                   0                 0                                 0   84.84                        682           29.25     3YR                                                             0           0           0               0
     2503201927       SFR                               1     OO        REFI                  Y                              7.66                 7.66              182500             182368.84               2/1/2007              1/1/2037                  1296.12      360   79.35     IL                   2/1/2007        N                 230000                   1          0            1296.12                                                                               60430          12/28/2006              1      PF2630_FIXEDRATE                                 0                 0                                 0   79.35                        627           38.14     NO-PREPAY                                                       0           0           0               0
     2503201929       D-PUDS                            1     OO        REFI                  N                             6.875                6.875              980000                980000               2/1/2007              1/1/2037                  5614.58      360      70     IL                   2/1/2007        N                1400000                   1          3            5614.58                                                                               60010          12/28/2006              2      PA1605EI_ARM-INTONLY                             0                 0                            207000   84.79                        661           41.76     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503201933       SFR                               1     NOO       PURCHASE              N                               9.3                  9.3               88000              87982.81               2/1/2007              1/1/2037                   699.19      360      80     IL                   2/1/2007        Y                 115000                   1          3             699.19                                                                               60636          12/28/2006              2      PL1605E_ARM-BALLOON                              0            110000                             16000   94.55                        661           40.26     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503201936       2-4FAMILY                         2     OO        PURCHASE              N                               6.5                  6.5              488000                488000               2/1/2007              1/1/2037                  2643.33      360      80     CA                   2/1/2007        N                 610000                   1      3.875            2643.33                                                                               91702          12/21/2006              2      PA0605EI_ARM-INTONLY                             0            610000                            122000     100                        756           41.99     3YR                                         1/1/2012            6           3           1           3.875
     2503201945       SFR                               1     OO        REFI                  Y                              6.95                 6.95              330000             329799.33               2/1/2007              1/1/2037                  2038.75      360   78.58     CA                   2/1/2007        Y                 420000                   1          0            2038.75                                                                               91766          12/28/2006              2      PB3640_BALLOON                                   0                 0                                 0   78.58                        606           42.13     3YR                                                             0           0           0               0
     2503201952       SFR                               1     OO        REFI                  Y                              6.99                 6.99              148200             148078.28               2/1/2007              1/1/2037                   984.98      360      78     CA                   2/1/2007        N                 190000                   1      3.875             984.98                                                                               95917          12/29/2006              2      PA2605E_ARM                                      0                 0                                 0      78                        637           35.75     3YR                                         1/1/2012            6           3           1           3.875
     2503201991       SFR                               1     OO        REFI                  Y                             5.625                5.625              270000                269865               2/1/2007              1/1/2037                  1265.63      360   55.68     CA                   2/1/2007        N                 485000                   1          3            1265.63                                                                               90002          12/28/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0   55.68                        671           34.17     3YR                                         1/1/2012            6           3           1               3
     2503202028       D-PUDS                            1     OO        PURCHASE              N                              6.99                 6.99              154100             154041.12               2/1/2007              1/1/2037                   956.51      360   74.99     CO                   2/1/2007        Y                 206000                   1          3             956.51                                                                               80603          12/22/2006              2      PL1605E_ARM-BALLOON                              0            205515                             51350   99.97                        641           49.83     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503202030       D-PUDS                            1     NOO       PURCHASE              N                              6.63                 6.63              245950                245950               2/1/2007              1/1/2037                  1358.87      360      75     WA                   2/1/2007        N                 375000                   1          0            1358.87                                                                               98042            1/2/2007              2      PF0630I_FIX-INTONLY                              0            327950                             65500   94.97                        728           47.46     1YR                                                             0           0           0               0
     2503202031       SFR                               1     NOO       PURCHASE              N                             7.625                7.625              148000                148000               2/1/2007              1/1/2037                   940.42      360      80     GA                   2/1/2007        N                 195000                   1          3             940.42                                                                               30004          12/20/2006              2      PA0605EI_ARM-INTONLY                             0            185000                             27700   94.98                        767           35.93     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503202032       SFR                               1     NOO       PURCHASE              N                             12.45                12.45               27700              27692.83               2/1/2007              1/1/2022                   294.56      180   14.98     GA                   2/1/2007        Y                 195000                   2          0             294.56                                                                               30004          12/20/2006              2      TB0630_BALLOON                                   0            185000                                 0   94.98                        767           35.92     NO-PREPAY                                                       0           0           0               0
     2503202045       SFR                               1     OO        PURCHASE              N                               6.3                  6.3              417000                417000               2/1/2007              1/1/2037                  2189.25      360   79.43     CA                   2/1/2007        N                 580000                   1          3            2189.25                                                                               92807          12/27/2006              2      PA0605EI_ARM-INTONLY                             0            525000                            108000     100                        682           42.69     1YR                                         1/1/2012            6           3           1               3
     2503202073       SFR                               1     NOO       REFI                  Y                              5.99                 5.99              350000                350000               2/1/2007              1/1/2037                  1747.08      360      74     CA                   2/1/2007        N                 473000                   1          3            1747.08                                                                               93905          12/28/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      74                        761           49.26     3YR                                         1/1/2012            6           3           1               3
     2503202077       SFR                               1     OO        PURCHASE              N                               6.7                  6.7              280000                280000               2/1/2007              1/1/2037                  1563.33      360      80     CA                   2/1/2007        N                 350000                   1          3            1563.33                                                                               95358          12/28/2006              2      PA1605EI_ARM-INTONLY                             0            350000                             70000     100                        662           42.01     3YR                                         1/1/2012            6           3           1               3
     2503202102       SFR                               1     NOO       REFI                  N                              11.8                 11.8               28000              27991.62               2/1/2007              1/1/2037                   283.71      360       7     CA                   2/1/2007        N                 400000                   2          0             283.71                                                                               95252          12/26/2006              2      TF0630_FIXEDRATE                                 0                 0                                 0      87                        688           42.02     3YR                                                             0           0           0               0
     2503202112       2-4FAMILY                         2     OO        REFI                  Y                              6.25                 6.25              460000             459562.79               2/1/2007              1/1/2037                   2832.3      360      80     CA                   2/1/2007        N                 575000                   1          0             2832.3                                                                               90063            1/3/2007              2      PF0630_FIXEDRATE                                 0                 0                                 0      80                        728           49.81     3YR                                                             0           0           0               0
     2503202117       SFR                               1     NOO       REFI                  Y                             8.545                8.545               96000                 96000               2/1/2007              1/1/2037                    683.6      360      80     IL                   2/1/2007        N                 120000                   1          3              683.6                                                                               60466          12/26/2006              1      PA1605EI_ARM-INTONLY                             0                 0                                 0      80                        665           47.91     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503202120       SFR                               1     OO        REFI                  Y                              5.99                 5.99              425000                425000               2/1/2007              1/1/2037                  2121.46      360   51.21     CA                   2/1/2007        N                 830000                   1          3            2121.46                                                                               93924          12/27/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0   51.21                        668           29.08     1YR                                         1/1/2012            6           3           1               3
     2503202139       SFR                               1     OO        REFI                  Y                              5.99                 5.99              444000                444000               2/1/2007              1/1/2037                   2216.3      360   62.54     CA                   2/1/2007        N                 710000                   1          3             2216.3                                                                               94080          12/28/2006              2      PA0607EI_ARM-INTONLY                             0                 0                                 0   62.54                        790           28.06     NO-PREPAY                                   1/1/2014            6           3           1               3
     2503202146       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              516000             515939.67               2/1/2007              1/1/2037                     2795      360      80     NV                   2/1/2007        N                 645000                   1      3.875               2795                                                                               89449          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            645000                            129000     100                        711           49.86     3YR                                         1/1/2012            6           3           1           3.875
     2503202150       CONDO                             1     NOO       PURCHASE              N                               6.5                  6.5             1118000               1118000               2/1/2007              1/1/2037                  6055.83      360      65     UT                   2/1/2007        N                1720000                   1          0            6055.83                                                                               84060          12/21/2006              2      PF0630I_FIX-INTONLY                              0           1720000                            258000      80                        771           20.04     3YR                                                             0           0           0               0
     2503202152       PUD                               1     NOO       PURCHASE              N                              6.95                 6.95              172100                172100               2/1/2007              1/1/2037                   996.75      360   74.99     MN                   2/1/2007        N                 229500                   1          3             996.75                                                                               55119          12/14/2006              2      PA0605EI_ARM-INTONLY                             0            229500                             45900   94.99                        809           47.75     3YR                                         1/1/2012            6           3           1               3
     2503202153       CONDO                             1     NOO       PURCHASE              N                             11.49                11.49              258000             257917.37               2/1/2007              1/1/2022                  2552.98      180      15     UT                   2/1/2007        Y                1720000                   2          0            2552.98                                                                               84060          12/21/2006              2      TB0630_BALLOON                                   0           1720000                                 0      80                        771           20.04     NO-PREPAY                                                       0           0           0               0
     2503202155       PUD                               1     NOO       PURCHASE              N                              12.3                 12.3               45900              45887.72               2/1/2007              1/1/2022                   482.76      180      20     MN                   2/1/2007        Y                 229500                   2          0             482.76                                                                               55119          12/14/2006              2      TB0630_BALLOON                                   0            229500                                 0   94.99                        809           47.75     NO-PREPAY                                                       0           0           0               0
     2503202167       SFR                               1     OO        REFI                  Y                              7.25                 7.25              217600             217430.25               2/1/2007              1/1/2037                  1484.42      360      80     FL                   2/1/2007        N                 272000                   1          3            1484.42                                                                               32707          12/27/2006              2      PA1605E_ARM                                      0                 0                             54400     100                        643           49.85     3YR                                         1/1/2012            6           3           1               3
     2503202189       CONDO                             1     NOO       PURCHASE              N                              7.25                 7.25              310312                310312               2/1/2007              1/1/2037                   1874.8      360      75     WA                   2/1/2007        N                 415000                   1          3             1874.8                                                                               98012            1/3/2007              2      PA1605EI_ARM-INTONLY                             0            413750                             82750      95                        674           49.98     3YR                                         1/1/2012            6           3           1               3
     2503202193       SFR                               1     OO        REFI                  N                              6.65                 6.65              463000             462593.49               2/1/2007              1/1/2037                   2972.3      360   76.28     CA                   2/1/2007        N                 607000                   1          0             2972.3                                                                               93927          12/26/2006              8      SF2630_FIXEDRATE                                 0                 0                                 0   76.28                        637               0     3YR                                                             0           0           0               0
     2503202200       SFR                               1     NOO       PURCHASE              N                               7.4                  7.4              200000                200000               3/1/2007              2/1/2037                  1384.76      360      80     IL                   2/1/2007        N                 280500                   1          3            1384.76                                                                               60652            1/5/2007              2      PA0605E_ARM                                      0            250000                             37500      95                        685           44.17     NO-PREPAY                                   2/1/2012            6           3           1               3
     2503202213       SFR                               1     NOO       REFI                  Y                              6.95                 6.95              326250             325979.92               2/1/2007              1/1/2037                  2159.61      360      75     CA                   2/1/2007        N                 435000                   1          0            2159.61                                                                               93927          12/22/2006              8      SF2630_FIXEDRATE                                 0                 0                                 0      75                        637               0     3YR                                                             0           0           0               0
     2503202220       SFR                               1     NOO       REFI                  Y                             5.875                5.875              442650             442420.08               2/1/2007              1/1/2037                  2397.06      360      65     CA                   2/1/2007        Y                 681000                   1          0            2397.06                                                                               92802          12/29/2006              1      PB0640_BALLOON                                   0                 0                                 0      65                        703           43.83     3YR                                                             0           0           0               0
     2503202256       SFR                               1     NOO       PURCHASE              N                              6.99                 6.99              225000             224815.21               2/1/2007              1/1/2037                  1495.42      360      90     WA                   2/1/2007        N                 250000                   1          0            1495.42                                                                               98312          12/29/2006              8      EF0630_FIXEDRATE                                25            250000                                 0      90                        726               0     NO-PREPAY                                                       0           0           0               0
     2503202310       SFR                               1     OO        PURCHASE              N                             6.125                6.125              175200             174603.96               2/1/2007              1/1/2022                  1490.29      180      80     CA                   2/1/2007        N                 220000                   1          0            1490.29                                                                               93307          12/20/2006              2      PF0615_FIXEDRATE                                 0            219000                             43600   99.91                        699           42.45     2YR                                                             0           0           0               0
     2503202328       SFR                               1     OO        REFI                  N                              5.75                 5.75              335000                335000               2/1/2007              1/1/2037                  1605.21      360   60.91     CA                   2/1/2007        N                 550000                   1          0            1605.21                                                                               95765          12/28/2006              1      PF0630I_FIX-INTONLY                              0                 0                                 0   60.91                        743           41.53     3YR                                                             0           0           0               0
     2503202342       CONDO                             1     NOO       PURCHASE              N                              7.99                 7.99              125750             125665.46               2/1/2007              1/1/2037                   921.83      360      80     IL                   2/1/2007        N                 157200                   1          0             921.83                                                                               60005          12/20/2006              2      PF1630_FIXEDRATE                                 0            157200                                 0      80                        642           41.77     NO-PREPAY                                                       0           0           0               0
     2503202345       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              228750                228750               2/1/2007              1/1/2037                  1239.06      360      75     IL                   2/1/2007        N                 325000                   1          3            1239.06                                                                               60526          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            305000                             76250     100                        707           44.53     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503202353       SFR                               1     OO        REFI                  Y                              6.25                 6.25              419000             418982.29               2/1/2007              1/1/2037                  2182.29      360   73.51     CA                   2/1/2007        N                 570000                   1          0            2182.29                                                                               92407          12/29/2006              2      PF1630I_FIX-INTONLY                              0                 0                                 0   73.51                        666           21.66     3YR                                                             0           0           0               0
     2503202356       SFR                               1     OO        PURCHASE              N                               6.5                  6.5              207200                207200               2/1/2007              1/1/2037                  1122.33      360      80     CA                   2/1/2007        N                 265000                   1          3            1122.33                                                                               93722          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            259000                             51800     100                        740           45.14     2YR                                         1/1/2012            6           3           1               3
     2503202359       CONDO                             1     OO        PURCHASE              N                              9.99                 9.99              178500             178471.69               2/1/2007              1/1/2037                  1514.32      360   94.99     MN                   2/1/2007        Y                 196000                   1        4.5            1514.32                                                                               55033          12/14/2006             12      EL1605E_ARM-BALLOON                             30            187920                                 0   94.99                        666               0     3YR                                         1/1/2012            6           3           1             4.5
     2503202407       D-PUDS                            1     OO        REFI                  Y                             6.375                6.375              500000                500000               2/1/2007              1/1/2037                  2656.25      360   79.37     CA                   2/1/2007        N                 630000                   1          0            2656.25                                                                               92532          12/28/2006              2      PF2630I_FIX-INTONLY                              0                 0                                 0   79.37                        630           42.11     2YR                                                             0           0           0               0
     2503202411       2-4FAMILY                         2     NOO       PURCHASE              N                              7.28                 7.28              131250                131250               3/1/2007              2/1/2037                   796.25      360      75     MN                   2/1/2007        N                 178000                   1          3             796.25                                                                               55101            1/3/2007              2      PA0605EI_ARM-INTONLY                             0            175000                             35000      95                        691           44.01     3YR                                         2/1/2012            6           3           1               3
     2503202474       SFR                               1     NOO       REFI                  N                             6.585                6.585               75000              74933.31               2/1/2007              1/1/2037                   478.25      360   77.32     VA                   2/1/2007        N                  97000                   1          0             478.25                                                                               23222          12/22/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   77.32                        772           23.98     3YR                                                             0           0           0               0
     2503202513       SFR                               1     OO        PURCHASE              N                              5.99                 5.99              304000                304000               2/1/2007              1/1/2037                  1517.47      360      80     CA                   2/1/2007        N                 380000                   1          3            1517.47                                                                               94542          12/29/2006              1      PA2605EI_ARM-INTONLY                             0            380000                             76000     100                        620           44.68     2YR                                         1/1/2012            6           3           1               3
     2503202516       CONDO                             1     OO        PURCHASE              N                               7.3                  7.3              160000             158736.42               2/1/2007              1/1/2037                  1096.91      360      80     HI                   2/1/2007        N                 200000                   1          3            1096.91                                                                               96797            1/3/2007              2      PA3605E_ARM                                      0            200000                                 0      80                        614           21.98     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503202525       SFR                               1     OO        PURCHASE              N                              5.59                 5.59              475000             474488.83               2/1/2007              1/1/2037                  2723.88      360   65.52     CA                   2/1/2007        N                 725000                   1          0            2723.88                                                                               93940          12/20/2006              2      PF0630_FIXEDRATE                                 0            725000                                 0   65.52                        716            35.3     3YR                                                             0           0           0               0
     2503202537       SFR                               1     OO        REFI                  Y                              6.99                 6.99              168000             167862.02               2/1/2007              1/1/2037                  1116.58      360      80     CO                   2/1/2007        N                 210000                   1      3.875            1116.58                                                                               80205          12/29/2006              2      PA0605E_ARM                                      0                 0                             42000     100                        747            40.2     3YR                                         1/1/2012            5           3           1           3.875
     2503202561       CONDO                             1     OO        REFI                  Y                               6.5                  6.5              135000             134877.96               2/1/2007              1/1/2037                   853.29      360   41.58     CA                   2/1/2007        N                 324683                   1          0             853.29                                                                               91765          12/26/2006              1      PF1630_FIXEDRATE                                 0                 0                                 0   41.58                        648           27.52     3YR                                                             0           0           0               0
     2503202618       SFR                               1     NOO       REFI                  Y                             7.125                7.125              162000                162000               2/1/2007              1/1/2037                   961.88      360   77.15     AZ                   2/1/2007        N                 210000                   1          0             961.88                                                                               85008          12/28/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0   77.15                        762           25.74     1YR                                                             0           0           0               0
     2503202643       SFR                               1     NOO       REFI                  N                             6.125                6.125              416500                416500               2/1/2007              1/1/2037                  2125.89      360      70     CA                   2/1/2007        N                 595000                   1          3            2125.89                                                                               92879          12/28/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             61000   80.26                        720           30.69     1YR                                         1/1/2012            6           3           1               3
     2503202647       SFR                               1     NOO       REFI                  N                              11.5                 11.5               61000               60980.5               2/1/2007              1/1/2022                   604.08      180   10.26     CA                   2/1/2007        Y                 595000                   2          0             604.08                                                                               92879          12/28/2006              2      TB0630_BALLOON                                   0                 0                                 0   80.26                        720           30.69     1YR                                                             0           0           0               0
     2503202681       SFR                               1     OO        REFI                  Y                              5.59                 5.59              250000             249859.81               2/1/2007              1/1/2037                  1304.77      360   48.55     CA                   2/1/2007        Y                 515000                   1          3            1304.77                                                                               92591          12/22/2006              2      PL3605E_ARM-BALLOON                              0                 0                                 0   48.55                        613           18.61     3YR                                         1/1/2012            6           3           1               3
     2503202687       SFR                               1     OO        PURCHASE              N                                 7                    7              165750                165750               2/1/2007              1/1/2037                   966.88      360      75     FL                   2/1/2007        N                 225000                   1          3             966.88                                                                               33904          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            221000                             55250     100                        646           41.89     3YR                                         1/1/2012            6           3           1               3
     2503202692       SFR                               1     OO        PURCHASE              N                              7.75                 7.75              246500                246500               2/1/2007              1/1/2037                  1591.98      360      85     PA                   2/1/2007        N                 290000                   1      3.625            1591.98                                                                               19128          12/21/2006             17      PA1405EI_ARM-INTONLY                            22            290000                                 0      85                        668           43.14     2YR                                         1/1/2012            6           3           1           3.625
     2503202694       SFR                               1     NOO       PURCHASE              N                             9.285                9.285              138600             138528.67               2/1/2007              1/1/2037                  1143.75      360      90     FL                   2/1/2007        N                 154000                   1          3            1143.75                                                                               32771          12/29/2006             17      PA0605E_ARM                                     25            154000                                 0      90                        702           38.17     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503202697       PUD                               1     OO        REFI                  Y                               7.6                  7.6              360000                360000               2/1/2007              1/1/2037                     2280      360      80     VA                   2/1/2007        N                 450000                   1          3               2280                                                                               22153          12/27/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             90000     100                        644           48.32     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503202702       SFR                               1     OO        REFI                  N                             5.875                5.875              117500             117275.26               2/1/2007              1/1/2037                   695.06      360   47.96     FL                   2/1/2007        N                 245000                   1          0             695.06                                                                               33604          12/26/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   47.96                        687           22.37     NO-PREPAY                                                       0           0           0               0
     2503202741       2-4FAMILY                         2     NOO       PURCHASE              N                             6.875                6.875              386250                386250               2/1/2007              1/1/2037                  2212.89      360      75     CA                   2/1/2007        N                 515000                   1          3            2212.89                                                                               93927          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            515000                            103000      95                        715           33.11     1YR                                         1/1/2012            6           3           1               3
     2503202746       2-4FAMILY                         2     NOO       PURCHASE              N                                12                   12              103000             102930.72               2/1/2007              1/1/2022                  1059.47      180      20     CA                   2/1/2007        Y                 515000                   2          0            1059.47                                                                               93927          12/29/2006              2      TB0630_BALLOON                                   0            515000                                 0      95                        715           33.11     1YR                                                             0           0           0               0
     2503202747       SFR                               1     OO        REFI                  Y                             6.375                6.375              428000                428000               2/1/2007              1/1/2037                  2273.75      360    73.8     CA                   2/1/2007        N                 580000                   1          0            2273.75                                                                               91001          12/28/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0    73.8                        761           30.83     3YR                                                             0           0           0               0
     2503202780       D-PUDS                            1     OO        REFI                  Y                               6.5                  6.5              650000             649998.39               2/1/2007              1/1/2037                  3520.83      360   68.43     NV                   2/1/2007        N                 950000                   1          3            3520.83                                                                               89183          12/27/2006             17      PA1605EI_ARM-INTONLY                             0                 0                                 0   68.43                        648           33.28     3YR                                         1/1/2012            6           3           1               3
     2503202786       CONDO                             1     NOO       REFI                  Y                             6.825                6.825              125000             124889.61               2/1/2007              1/1/2037                   816.99      360   69.45     NV                   2/1/2007        N                 180000                   1          0             816.99                                                                               89145          12/27/2006             17      PF1630_FIXEDRATE                                 0                 0                                 0   69.45                        648           34.91     3YR                                                             0           0           0               0
     2503202787       2-4FAMILY                         2     NOO       REFI                  N                              5.99                 5.99              705000                705000               2/1/2007              1/1/2037                  3519.13      360      75     CA                   2/1/2007        N                 940000                   1          3            3519.13                                                                               95060          12/28/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            141000      90                        701           42.82     3YR                                         1/1/2012            6           3           1               3
     2503202792       SFR                               1     OO        REFI                  Y                              5.75                 5.75              170000             169822.08               2/1/2007              1/1/2037                   992.07      360   64.16     HI                   2/1/2007        N                 265000                   1          0             992.07                                                                               96749            1/3/2007              2      PF0630_FIXEDRATE                                 0                 0                                 0   64.16                        688           25.68     3YR                                                             0           0           0               0
     2503202794       2-4FAMILY                         2     NOO       REFI                  Y                             12.55                12.55              141000             140964.32               2/1/2007              1/1/2022                  1510.31      180      15     CA                   2/1/2007        Y                 940000                   2          0            1510.31                                                                               95060          12/28/2006              2      TB0630_BALLOON                                   0                 0                                 0      90                        701           42.83     NO-PREPAY                                                       0           0           0               0
     2503202814       SFR                               1     OO        REFI                  Y                               6.5                  6.5              490400                490400               2/1/2007              1/1/2037                  2656.33      360      80     NV                   2/1/2007        N                 613000                   1          0            2656.33                                                                               89002            1/3/2007              2      PF0630I_FIX-INTONLY                              0                 0                                 0      80                        686           38.59     3YR                                                             0           0           0               0
     2503202828       SFR                               1     OO        REFI                  N                              5.99                 5.99              442500                442500               2/1/2007              1/1/2037                  2208.81      360      75     CA                   2/1/2007        N                 590000                   1      3.875            2208.81                                                                               95020          12/26/2006              2      PA0605EI_ARM-INTONLY                             0                 0                            147500     100                        699           36.49     3YR                                         1/1/2012            6           3           1           3.875
     2503202829       SFR                               1     OO        REFI                  Y                              6.45                 6.45              345000             344606.31               2/1/2007              1/1/2037                   2169.3      360   67.65     IL                   2/1/2007        N                 510000                   1          0             2169.3                                                                               60653          12/28/2006              1      PF0630_FIXEDRATE                                 0                 0                                 0   67.65                        814           43.99     2YR                                                             0           0           0               0
     2503202831       SFR                               1     OO        PURCHASE              N                               6.3                  6.3              363200                363200               2/1/2007              1/1/2037                   1906.8      360      80     CA                   2/1/2007        N                 475000                   1          3             1906.8                                                                               94804          12/22/2006              2      PA0605EI_ARM-INTONLY                             0            454000                             90800     100                        740           41.03     3YR                                         1/1/2012            6           3           1               3
     2503202852       CONDO                             1     OO        PURCHASE              N                             7.875                7.875              185150             185146.37               2/1/2007              1/1/2037                  1215.05      360      95     FL                   2/1/2007        N                 200000                   1          3            1215.05                                                                               34741          12/29/2006             15      SA1605EI_ARM-INTONLY                            30            194900                                 0      95                        663               0     2YR                                         1/1/2012            6           3           1               3
     2503202857       D-PUDS                            1     NOO       REFI                  N                             6.875                6.875              361250                361250               2/1/2007              1/1/2037                  2069.66      360   71.54     CA                   2/1/2007        N                 505000                   1          0            2069.66                                                                               93551            1/5/2007              8      SF0630I_FIX-INTONLY                              0                 0                                 0   71.54                        699               0     2YR                                                             0           0           0               0
     2503202861       SFR                               1     OO        REFI                  Y                               5.5                  5.5              158000             157827.06               2/1/2007              1/1/2037                   897.11      360   28.37     CA                   2/1/2007        N                 557000                   1          0             897.11                                                                               95076          12/27/2006              7      SF3630_FIXEDRATE                                 0                 0                                 0   28.37                        614           24.86     2YR                                                             0           0           0               0
     2503202874       CONDOTEL                          1     2ND       PURCHASE              N                              6.25                 6.25              292500             292222.47               2/1/2007              1/1/2037                  1800.97      360      75     SC                   2/1/2007        N                 390000                   1          0            1800.97                                                                               29577          12/29/2006              1      PF0630_FIXEDRATE                                 0            390000                                 0      75                        791           35.22     2YR                                                             0           0           0               0
     2503202875       PUD                               1     OO        REFI                  N                              6.95                 6.95              174750             174605.34               2/1/2007              1/1/2037                  1156.75      360      75     FL                   2/1/2007        N                 233000                   1          3            1156.75                                                                               33415            1/2/2007              2      PA1605E_ARM                                      0                 0                             58250     100                        669           48.83     3YR                                         1/1/2012            6           3           1               3
     2503202878       SFR                               1     OO        REFI                  N                              6.25                 6.25              322500             322348.73               2/1/2007              1/1/2037                  1830.96      360      75     IL                   2/1/2007        Y                 430000                   1          4            1830.96                                                                               60634          12/28/2006              2      PL0605E_ARM-BALLOON                              0                 0                             64500      90                        694           46.53     NO-PREPAY                                   1/1/2012            6           3           1               4
     2503202880       SFR                               1     OO        REFI                  N                               6.4                  6.4              292500                292500               2/1/2007              1/1/2037                     1560      360      75     RI                   2/1/2007        N                 390000                   1          3               1560                                                                               02911          12/26/2006              2      PA0605EI_ARM-INTONLY                             0                 0                             97500     100                        720           40.25     1YR                                         1/1/2012            6           3           1               3
     2503202899       SFR                               1     OO        PURCHASE              N                               5.9                  5.9              210000                210000               2/1/2007              1/1/2037                   1032.5      360      75     CA                   2/1/2007        N                 282000                   1          3             1032.5                                                                               95334          12/28/2006              2      PA0605EI_ARM-INTONLY                             0            280000                             70000     100                        706           44.18     3YR                                         1/1/2012            6           3           1               3
     2503202917       SFR                               1     OO        REFI                  Y                              6.65                 6.65              365000             364679.54               2/1/2007              1/1/2037                  2343.17      360   76.85     MD                   2/1/2007        N                 475000                   1          0            2343.17                                                                               21012            1/2/2007              1      PF3630_FIXEDRATE                                 0                 0                                 0   76.85                        611           41.62     3YR                                                             0           0           0               0
     2503202921       CONDO                             1     NOO       PURCHASE              N                               8.6                  8.6              214550                214550               2/1/2007              1/1/2037                  1537.61      360      80     FL                   2/1/2007        N                 275000                   1          3            1537.61                                                                               33785          12/27/2006              2      PA1605EI_ARM-INTONLY                             0            268200                                 0      80                        643           39.69     2YR                                         1/1/2012            6           3           1               3
     2503202968       SFR                               1     NOO       REFI                  Y                             7.375                7.375              141000                141000               2/1/2007              1/1/2037                   866.56      360   74.22     AZ                   2/1/2007        N                 190000                   1          3             866.56                                                                               85302          12/28/2006              8      SA0605EI_ARM-INTONLY                             0                 0                                 0   74.22                        704               0     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503202976       PUD                               1     NOO       REFI                  N                             7.875                7.875              160000                160000               3/1/2007              2/1/2037                     1050      360      80     OR                   2/1/2007        N                 200000                   1          0               1050                                                                               97006            1/8/2007              8      SF0630I_FIX-INTONLY                              0                 0                                 0      80                        699               0     3YR                                                             0           0           0               0
     2503202980       SFR                               1     OO        REFI                  Y                               5.5                  5.5              273000                273000               2/1/2007              1/1/2037                  1251.25      360   79.14     CA                   2/1/2007        N                 345000                   1          3            1251.25                                                                               92408            1/3/2007              2      PA1605EI_ARM-INTONLY                             0                 0                                 0   79.14                        673           48.82     3YR                                         1/1/2012            6           3           1               3
     2503202987       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              408000                408000               2/1/2007              1/1/2037                     2295      360      80     VA                   2/1/2007        N                 510000                   1          3               2295                                                                               22042          12/22/2006              2      PA0605EI_ARM-INTONLY                             0            510000                            102000     100                        706           47.27     3YR                                         1/1/2012            6           3           1               3
     2503202993       SFR                               1     OO        REFI                  Y                             7.125                7.125              343900             343773.51               2/1/2007              1/1/2037                   2168.4      360      95     HI                   2/1/2007        Y                 362000                   1          0             2168.4                                                                               96792          12/29/2006             17      PB0440_BALLOON                                  30                 0                                 0      95                        713           31.37     2YR                                                             0           0           0               0
     2503202999       SFR                               1     NOO       PURCHASE              N                             7.375                7.375               91920                 91920               2/1/2007              1/1/2037                   564.92      360      80     GA                   2/1/2007        N                 118000                   1          3             564.92                                                                               30349          12/28/2006              2      PA0605EI_ARM-INTONLY                             0            114900                                 0      80                        717           30.79     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503203039       SFR                               1     NOO       REFI                  Y                              6.75                 6.75              246000                246000               3/1/2007              2/1/2037                  1595.55      360    69.3     LA                   2/1/2007        N                 355000                   1          0            1595.55                                                                               70047            1/4/2007              2      PF0630_FIXEDRATE                                 0                 0                                 0    69.3                        746           21.08     NO-PREPAY                                                       0           0           0               0
     2503203055       SFR                               1     NOO       REFI                  Y                               6.5                  6.5              279000                279000               2/1/2007              1/1/2037                  1511.25      360   69.75     CA                   2/1/2007        N                 400000                   1          3            1511.25                                                                               91764          12/29/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   69.75                        781           34.67     3YR                                         1/1/2012            6           3           1               3
     2503203060       D-PUDS                            1     OO        REFI                  Y                              6.65                 6.65              291750             291627.44               2/1/2007              1/1/2037                  1739.34      360      75     AZ                   2/1/2007        Y                 389000                   1          3            1739.34                                                                               85323          12/29/2006              2      PL3405E_ARM-BALLOON                              0                 0                                 0      75                        617           30.64     3YR                                         1/1/2012            6           3           1               3
     2503203063       SFR                               1     OO        REFI                  Y                               6.5                  6.5              600000                600000               2/1/2007              1/1/2037                     3250      360   69.77     CA                   2/1/2007        N                 860000                   1          3               3250                                                                               91902          12/28/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0   69.77                        643           42.67     3YR                                         1/1/2012            6           3           1               3
     2503203087       SFR                               1     OO        REFI                  Y                             5.875                5.875              255000             254867.55               2/1/2007              1/1/2037                  1380.89      360    42.5     HI                   2/1/2007        Y                 600000                   1          0            1380.89                                                                               96719          12/29/2006              2      PB0640_BALLOON                                   0                 0                                 0    42.5                        685           42.85     3YR                                                             0           0           0               0
     2503203104       PUD                               1     OO        PURCHASE              N                               6.5                  6.5              250000                249774               2/1/2007              1/1/2037                  1580.17      360   51.55     CA                   2/1/2007        N                 485000                   1          0            1580.17                                                                               91377          12/21/2006             12      SF0630_FIXEDRATE                                 0            485000                                 0   51.55                        720               0     NO-PREPAY                                                       0           0           0               0
     2503203107       CONDO                             1     OO        REFI                  N                               6.8                  6.8              176000             175849.94               2/1/2007              1/1/2037                  1147.39      360      80     IL                   2/1/2007        N                 220000                   1          3            1147.39                                                                               60136          12/28/2006              2      PA0605E_ARM                                      0                 0                             27750   92.62                        710           38.24     3YR                                         1/1/2012            6           3           1               3
     2503203157       SFR                               1     OO        REFI                  N                               6.5                  6.5              520000                520000               2/1/2007              1/1/2037                  2816.67      360      80     CA                   2/1/2007        N                 650000                   1          3            2816.67                                                                               95127          12/28/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             65000      90                        671           42.84     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503203160       HI-RISE                           1     NOO       PURCHASE              N                             7.125                7.125              265000                265000               2/1/2007              1/1/2037                  1573.44      360   73.82     MN                   2/1/2007        N                 359000                   1          3            1573.44                                                                               55101          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            360000                             70650    93.5                        714           35.43     3YR                                         1/1/2012            6           3           1               3
     2503203167       HI-RISE                           1     NOO       PURCHASE              N                             12.99                12.99               70650              70633.81               2/1/2007              1/1/2022                   780.98      180   19.68     MN                   2/1/2007        Y                 359000                   2          0             780.98                                                                               55102          12/29/2006              2      TB0630_BALLOON                                   0            360000                                 0    93.5                        714           35.43     NO-PREPAY                                                       0           0           0               0
     2503203170       SFR                               1     OO        REFI                  Y                             5.875                5.875              300000             299694.14               2/1/2007              1/1/2037                  1774.61      360      60     CA                   2/1/2007        N                 500000                   1          0            1774.61                                                                               95695          12/28/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      60                        703           25.44     1YR                                                             0           0           0               0
     2503203188       SFR                               1     OO        PURCHASE              N                              6.75                 6.75              420000                420000               2/1/2007              1/1/2037                   2362.5      360      80     CA                   2/1/2007        N                 525000                   1      3.875             2362.5                                                                               92802            1/2/2007              2      PA1605EI_ARM-INTONLY                             0            525000                            105000     100                        679           48.71     1YR                                         1/1/2012            6           3           1           3.875
     2503203223       SFR                               1     OO        REFI                  Y                               6.5                  6.5              200000             199812.42               2/1/2007              1/1/2037                  1170.91      360   65.58     CA                   2/1/2007        Y                 305000                   1          0            1170.91                                                                               92582          12/29/2006              7      SB0640_BALLOON                                   0                 0                                 0   65.58                        687               0     3YR                                                             0           0           0               0
     2503203257       SFR                               1     OO        PURCHASE              N                              5.99                 5.99              472000             471529.23               2/1/2007              1/1/2037                  2826.84      360      80     HI                   2/1/2007        N                 590000                   1      3.875            2826.84                                                                               96734          12/29/2006              2      PA0605E_ARM                                      0            590000                            118000     100                        749           46.83     NO-PREPAY                                   1/1/2012            6           3           1           3.875
     2503203261       SFR                               1     OO        REFI                  Y                             6.658                6.658              101250                101250               2/1/2007              1/1/2037                   561.77      360      75     FL                   2/1/2007        N                 135000                   1          0             561.77                                                                               32536            1/2/2007              2      PF1630I_FIX-INTONLY                              0                 0                                 0      75                        655           31.05     3YR                                                             0           0           0               0
     2503203287       D-PUDS                            1     NOO       REFI                  Y                               7.7                  7.7              276000                276000               3/1/2007              2/1/2037                  1967.77      360   78.86     FL                   2/1/2007        N                 350000                   1          3            1967.77                                                                               32824            1/5/2007              2      PA0605E_ARM                                      0                 0                             51750   93.65                        693           34.81     3YR                                         2/1/2012            6           3           1               3
     2503203288       SFR                               1     NOO       REFI                  Y                              5.99                 5.99              160000             159840.42               2/1/2007              1/1/2037                   958.25      360   34.79     CA                   2/1/2007        N                 460000                   1          0             958.25                                                                               91790          12/29/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0   34.79                        752           38.49     3YR                                                             0           0           0               0
     2503203293       SFR                               1     OO        PURCHASE              N                               7.5                  7.5              337500                337500               2/1/2007              1/1/2037                  2109.38      360      75     FL                   2/1/2007        N                 450000                   1          3            2109.38                                                                               33165          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            450000                            112500     100                        693           49.79     1YR                                         1/1/2012            6           3           1               3
     2503203320       CONDO                             1     NOO       REFI                  Y                              7.28                 7.28              112450              112362.8               2/1/2007              1/1/2037                    769.4      360      65     UT                   2/1/2007        N                 173000                   1          0              769.4                                                                               84606          12/27/2006              7      SF0630_FIXEDRATE                                 0                 0                                 0      65                        681               0     NO-PREPAY                                                       0           0           0               0
     2503203335       SFR                               1     OO        PURCHASE              N                               6.2                  6.2              461250                461250               2/1/2007              1/1/2037                  2383.13      360      75     CA                   2/1/2007        N                 615000                   1          3            2383.13                                                                               91709          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            615000                            153750     100                        742           41.37     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503203338       SFR                               1     OO        REFI                  Y                               6.5                  6.5              210000                210000               2/1/2007              1/1/2037                   1137.5      360   64.62     CA                   2/1/2007        N                 325000                   1          3             1137.5                                                                               93311          12/28/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0   64.62                        668           28.28     3YR                                         1/1/2012            6           3           1               3
     2503203347       SFR                               1     OO        REFI                  Y                             6.125                6.125              553000             552462.51               2/1/2007              1/1/2037                  3360.09      360      70     CA                   2/1/2007        N                 790000                   1          0            3360.09                                                                               92562          12/29/2006              2      PF0630_FIXEDRATE                                 0                 0                                 0      70                        727           50.99     3YR                                                             0           0           0               0
     2503203348       SFR                               1     OO        REFI                  Y                              7.45                 7.45              464000                464000               2/1/2007              1/1/2037                  2880.67      360      80     CA                   2/1/2007        N                 580000                   1          3            2880.67                                                                               93635          12/28/2006              2      PA2605EI_ARM-INTONLY                             0                 0                                 0      80                        625           40.47     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503203357       SFR                               1     OO        REFI                  N                              6.75                 6.75              600000                600000               2/1/2007              1/1/2037                     3375      360      80     CA                   2/1/2007        N                 750000                   1          3               3375                                                                               93906          12/26/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             75000      90                        667           33.43     2YR                                         1/1/2012            6           3           1               3
     2503203378       SFR                               1     OO        REFI                  Y                                 6                    6              203000             202993.68               2/1/2007              1/1/2037                     1015      360      70     NV                   2/1/2007        N                 290000                   1      3.875               1015                                                                               89156          12/28/2006              2      PA0605EI_ARM-INTONLY                             0                 0                                 0      70                        704           48.55     2YR                                         1/1/2012            6           3           1           3.875
     2503203417       2-4FAMILY                         2     OO        REFI                  N                             5.875                5.875              195000             194322.31               2/1/2007              1/1/2022                  1632.38      180   46.99     IL                   2/1/2007        N                 415000                   1          0            1632.38                                                                               60641          12/28/2006              1      PF0615_FIXEDRATE                                 0                 0                                 0   46.99                        801           46.42     3YR                                                             0           0           0               0
     2503203448       D-PUDS                            1     OO        PURCHASE              N                              6.65                 6.65              199920                199920               2/1/2007              1/1/2037                  1107.89      360      80     NV                   2/1/2007        N                 250000                   1       3.95            1107.89                                                                               89142            1/3/2007              2      PA0605EI_ARM-INTONLY                             0            249900                             49980     100                        702              50     NO-PREPAY                                   1/1/2012            6           3           1            3.95
     2503203475       2-4FAMILY                         2     NOO       REFI                  Y                              8.39                 8.39              625600                625600               3/1/2007              2/1/2037                  4373.99      360      80     CA                   2/1/2007        N                 782000                   1          3            4373.99                                                                               94541           1/19/2007              2      PA0605EI_ARM-INTONLY                             0                 0                            117300      95                        704           31.11     1YR                                         2/1/2012            6           3           1               3
     2503203489       SFR                               1     OO        PURCHASE              N                             6.365                6.365              480000                480000               2/1/2007              1/1/2037                     2546      360      75     CA                   2/1/2007        N                 640000                   1          3               2546                                                                               91304          12/28/2006              2      PA1605EI_ARM-INTONLY                             0            640000                            160000     100                        646           44.06     3YR                                         1/1/2012            6           3           1               3
     2503203523       2-4FAMILY                         2     NOO       PURCHASE              N                              9.45                 9.45              119625                119625               3/1/2007              2/1/2037                   942.05      360      75     NJ                   2/1/2007        N                 159500                   1          3             942.05                                                                               08066            1/5/2007              2      PA1605EI_ARM-INTONLY                             0            159500                             31900      95                        674           29.37     NO-PREPAY                                   2/1/2012            6           3           1               3
     2503203551       PUD                               1     OO        PURCHASE              N                               7.2                  7.2              184000                184000               2/1/2007              1/1/2037                     1104      360      80     CO                   2/1/2007        N                 230000                   1       2.25               1104                                                                               80013          12/26/2006              2      AA1607EI_ARM-INTONLY                             0            230000                             46000     100                        773           23.79     3YR                                         1/1/2014         4.79           3           1            2.25
     2503203563       CONDO                             1     NOO       PURCHASE              N                             7.375                7.375              176400             176265.77               2/1/2007              1/1/2037                  1218.35      360      80     CO                   2/1/2007        N                 221000                   1          3            1218.35                                                                               80027            1/3/2007             17      PA0605E_ARM                                      0            220500                                 0      80                        686           40.08     3YR                                         1/1/2012        4.615           3           1               3
     2503203568       SFR                               1     OO        PURCHASE              N                              6.15                 6.15              280000                280000               2/1/2007              1/1/2037                     1435      360      80     IL                   2/1/2007        N                 350000                   1          3               1435                                                                               60478          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            350000                             70000     100                        724           49.83     3YR                                         1/1/2012            6           3           1               3
     2503203612       SFR                               1     OO        REFI                  N                              6.99                 6.99              200000                200000               2/1/2007              1/1/2037                     1165      360      80     WA                   2/1/2007        N                 250000                   1          3               1165                                                                               98405          12/28/2006              2      PA1605EI_ARM-INTONLY                             0                 0                             37500      95                        646           43.96     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503203632       CONDO                             1     NOO       PURCHASE              N                             6.375                6.375              243750                243750               3/1/2007              2/1/2037                  1294.92      360      75     MS                   2/1/2007        N                 355000                   1          0            1294.92                                                                               39560            1/9/2007              1      PF0630I_FIX-INTONLY                              0            325000                             65000      95                        784           25.61     2YR                                                             0           0           0               0
     2503203638       SFR                               1     OO        PURCHASE              N                               6.9                  6.9              186000                186000               2/1/2007              1/1/2037                   1069.5      360      80     CA                   2/1/2007        N                 241000                   1      3.875             1069.5                                                                               93727          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            232500                             46500     100                        645           37.16     2YR                                         1/1/2012            6           3           1           3.875
     2503203642       SFR                               1     NOO       REFI                  Y                               6.3                  6.3              285600                285600               2/1/2007              1/1/2037                   1499.4      360      70     CA                   2/1/2007        N                 408000                   1          3             1499.4                                                                               93635          12/27/2006              2      PA1605EI_ARM-INTONLY                             0                 0                                 0      70                        655            41.9     3YR                                         1/1/2012            6           3           1               3
     2503203682       SFR                               1     OO        REFI                  Y                               6.3                  6.3              300000             299718.08               2/1/2007              1/1/2037                  1856.92      360   47.62     CA                   2/1/2007        N                 630000                   1          0            1856.92                                                                               93030            1/2/2007             17      PF1630_FIXEDRATE                                 0                 0                                 0   47.62                        644           40.71     2YR                                                             0           0           0               0
     2503203696       SFR                               1     OO        PURCHASE              N                              6.45                 6.45              313760                313760               3/1/2007              2/1/2037                  1686.46      360      80     NY                   2/1/2007        N                 400000                   1          3            1686.46                                                                               11575            1/3/2007              2      PA0605EI_ARM-INTONLY                             0            392200                             78440     100                        718           43.91     NO-PREPAY                                   2/1/2012            6           3           1               3
     2503203700       SFR                               1     OO        PURCHASE              N                              6.25                 6.25              279920                279920               2/1/2007              1/1/2037                  1457.92      360      80     CA                   2/1/2007        N                 349900                   1          3            1457.92                                                                               92553          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            349900                             69980     100                        681           42.45     3YR                                         1/1/2012            6           3           1               3
     2503203740       SFR                               1     OO        PURCHASE              N                               7.6                  7.6               99200              99168.12               2/1/2007              1/1/2037                   660.15      360      80     FL                   2/1/2007        Y                 124000                   1          3             660.15                                                                               32211          12/28/2006              2      PL0605E_ARM-BALLOON                              0            124000                             24800     100                        704           39.73     3YR                                         1/1/2012            6           3           1               3
     2503203763       SFR                               1     OO        PURCHASE              N                               6.2                  6.2              291900                291900               2/1/2007              1/1/2037                  1508.15      360      80     VA                   2/1/2007        N                 400000                   1          3            1508.15                                                                               22193          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            364900                             72950   99.99                        786           38.55     2YR                                         1/1/2012            6           3           1               3
     2503203803       SFR                               1     NOO       REFI                  N                              6.25                 6.25              460000                460000               2/1/2007              1/1/2037                  2395.83      360   63.72     CA                   2/1/2007        N                 722000                   1          3            2395.83                                                                               94587            1/4/2007              2      PA0605EI_ARM-INTONLY                             0                 0                                 0   63.72                        749           27.87     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503203845       SFR                               1     OO        REFI                  N                             6.875                6.875              320000                320000               2/1/2007              1/1/2037                  1833.33      360      80     CA                   2/1/2007        N                 400000                   1          3            1833.33                                                                               92544          12/29/2006              2      PA2605EI_ARM-INTONLY                             0                 0                                 0      80                        620           36.24     1YR                                         1/1/2012            6           3           1               3
     2503203888       SFR                               1     NOO       REFI                  Y                              7.81                 7.81              502000                502000               2/1/2007              1/1/2037                  3267.18      360   74.93     CA                   2/1/2007        N                 670000                   1          3            3267.18                                                                               95122          12/28/2006              2      PA1605EI_ARM-INTONLY                             0                 0                            134000   94.93                        672           44.66     NO-PREPAY                                   1/1/2012            6           3           1               3
     2503203890       2-4FAMILY                         3     OO        PURCHASE              N                               8.3                  8.3              502500                502500               2/1/2007              1/1/2037                  3475.63      360      75     NY                   2/1/2007        N                 670000                   1          3            3475.63                                                                               11233          12/29/2006              2      PA0605EI_ARM-INTONLY                             0            670000                            167500     100                        716           48.28     1YR                                         1/1/2012            6           3           1               3
     2503203892       SFR                               1     NOO       REFI                  Y                              12.5                 12.5              134000              133965.7               2/1/2007              1/1/2022                  1430.13      180      20     CA                   2/1/2007        Y                 670000                   2          0            1430.13                                                                               95122          12/28/2006              2      TB1630_BALLOON                                   0                 0                                 0   94.93                        672           44.66     NO-PREPAY                                                       0           0           0               0
     2503203918       SFR                               1     OO        REFI                  Y                             6.125                6.125             1088000               1088000               2/1/2007              1/1/2037                  5553.33      360    55.8     CA                   2/1/2007        N                1950000                   1          0            5553.33                                                                               93908          12/28/2006              2      PF0630I_FIX-INTONLY                              0                 0                                 0    55.8                        702           42.59     1YR                                                             0           0           0               0
     2503204124       SFR                               1     NOO       REFI                  N                             5.875                5.875              154000                154000               2/1/2007              1/1/2037                   753.96      360      70     FL                   2/1/2007        N                 220000                   1          3             753.96                                                                               32967          12/29/2006              2      PA0607EI_ARM-INTONLY                             0                 0                             44000      90                        689           38.84     3YR                                         1/1/2014            6           3           1               3
     2503204128       SFR                               1     NOO       REFI                  Y                             12.39                12.39               44000                 44000               2/1/2007              1/1/2022                    454.3      180      20     FL                   2/1/2007        Y                 220000                   2          0              454.3                                                                               32967          12/29/2006              2      TB0630I_BALLOON-INTONLY                          0                 0                                 0      90                        689           38.84     3YR                                                             0           0           0               0
     2503204130       SFR                               1     OO        PURCHASE              N                               6.4                  6.4              164000                164000               2/1/2007              1/1/2037                   874.67      360      80     CA                   2/1/2007        N                 205000                   1          3             874.67                                                                               93702            1/2/2007              2      PA1605EI_ARM-INTONLY                             0            205000                             41000     100                        642           40.85     2YR                                         1/1/2012            6           3           1               3
     2503204154       SFR                               1     NOO       PURCHASE              N                             7.875                7.875              172500                172499               2/1/2007              1/1/2037                  1132.03      360      75     IL                   2/1/2007        N                 250000                   1       2.75            1132.03                                                                               60638          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            230000                             34500      90                        674           15.03     NO-PREPAY                                   1/1/2012            6           3           1            2.75
     2503204156       SFR                               1     NOO       PURCHASE              N                             12.54                12.54               34500              34491.25               2/1/2007              1/1/2022                   369.28      180      15     IL                   2/1/2007        Y                 250000                   2          0             369.28                                                                               60638          12/29/2006              2      TB1630_BALLOON                                   0            230000                                 0      90                        674           15.03     NO-PREPAY                                                       0           0           0               0
     2503204208       SFR                               1     OO        PURCHASE              N                              6.71                 6.71              320000                320000               2/1/2007              1/1/2037                  1789.33      360      80     CA                   2/1/2007        N                 400000                   1          3            1789.33                                                                               94585          12/29/2006              2      PA1605EI_ARM-INTONLY                             0            400000                             80000     100                        670           40.78     1YR                                         1/1/2012            6           3           1               3
     2503204322       SFR                               1     OO        REFI                  Y                              6.75                 6.75              648000             647735.25               2/1/2007              1/1/2037                  3909.75      360      80     HI                   2/1/2007        Y                 810000                   1          0            3909.75                                                                               96720            1/3/2007              2      PB1640_BALLOON                                   0                 0                             81000      90                        662           43.32     3YR                                                             0           0           0               0
     2503204544       CONDO                             1     OO        PURCHASE              N                               8.5                  8.5              101925                101925               3/1/2007              2/1/2037                   721.97      360      75     FL                   2/1/2007        N                 136000                   1       6.65             721.97                                                                               32822           1/26/2007              2      PA1602EI_ARM-INTONLY                             0            135900                             33975     100                        676           37.42     1YR                                         2/1/2009            6           3           1            6.65
     2503204648       CONDO                             1     NOO       PURCHASE              N                             7.375                7.375              176400             176265.77               2/1/2007              1/1/2037                  1218.35      360      80     CO                   2/1/2007        N                 221000                   1      3.875            1218.35                                                                               80027            1/3/2007             17      PA0605E_ARM                                      0            220500                                 0      80                        686           43.33     3YR                                         1/1/2012        4.615           3           1           3.875
     2503204946       SFR                               1     NOO       REFI                  Y                             7.375                7.375               71250                 71250               3/1/2007              2/1/2037                   492.11      360      75     FL                   2/1/2007        N                  95000                   1          3             492.11                                                                               33712            1/5/2007              7      SA0605E_ARM                                      0                 0                                 0      75                        691               0     NO-PREPAY                                   2/1/2012            6           3           1               3
     2503206276       D-PUDS                            1     OO        PURCHASE              N                             8.675                8.675              393750                393750               3/1/2007              2/1/2037                  2846.48      360      75     CA                   2/1/2007        N                 530000                   1       2.75            2846.48                                                                               92883           1/18/2007              2      PA0605EI_ARM-INTONLY                             0            525000                            131250     100                        779           42.47     5YR                                         2/1/2012            6           3           1            2.75
     2503207804       SFR                               1     NOO       PURCHASE              N                             9.163                9.163              303300                303300               3/1/2007              2/1/2037                  2476.08      360      90     FL                   2/1/2007        N                 337000                   1      3.875            2476.08                                                                               33613           1/30/2007             17      PA0405E_ARM                                     25            337000                                 0      90                        683           48.43     1YR                                         2/1/2012            6           3           1           3.875
     3900013477       2-4FAMILY                         2     NOO       PURCHASE              N                             6.625                6.625              141600             130836.43               5/1/2005              4/1/2020                  1243.24      180      80     NY                   2/1/2007        N                 177500                   1          0            1243.24                                                                               12601           4/29/2005              7      BF1615_FIXEDRATE                                 0            177000                                 0      80                        652          43.281     3YR                                                             0           0           0               0

         AP_NUM            LPMIPrem        NEXT_RATE_ADJ     FOREIGN_NATL            PaymentTable LOANTYPE           CREDQUAL                       AMORT    INDEXP                     INT_ONLY_MOS   Status          PURCH_SERVICING          ESCROW_LOAN        MERS_MOM         MERS_MIN     B1_SSN     C1_SSN    a_Group4
     1103456431                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                              1.0009E+17                          FIX-2
     1103583987                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00099E+17                          ARM-1
     1103583988                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00099E+17                          FIX-2
     1103589683                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00099E+17                          FIX-2
     1103597944                   0                          N                                    BALLOON            SERIES1                    360/5/360                                          0                                                                             1.00113E+17                          FIX-2
     1103598702                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                          60                                                                             1.00066E+17                          ARM-1
     1103598737                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00066E+17                          FIX-2
     1103600016                   0            10/1/2009     N                                    ARM                EXPRESS1                   360/4/360    6MOLIBORWSJ                           0                                                                              1.0001E+17                          ARM-1
     1103601089                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00453E+17                          ARM-1
     1103601507                   0                          N                                    BALLOON            SERIES0                    360/5/360                                          0                                                                             1.00366E+17                          FIX-2
     1103603801                   0                          N                                    BALLOON            SERIES2                    360/2/360                                          0                                                                               1.004E+17                          FIX-2
     1103603949                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00063E+17                          FIX-2
     1103604645                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00104E+17                          ARM-1
     1103604756                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00145E+17                          FIX-2
     1103605051                   0                          N                                    BALLOON            SERIES1                    360/5/360                                          0                                                                             1.00078E+17                          FIX-2
     1103605109                   0                          N                                    FIX-INTONLY        SERIES1                    360/4/360                                         60                                                                             1.00063E+17                          FIX-2
     1103606245                   0                          N                                    BALLOON            SERIES1                    360/4/360                                          0                                                                             1.00136E+17                          FIX-2
     1103606554                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                                                                  ARM-1
     1103606577                   0                          N                                    BALLOON            SERIES1                    360/4/360                                          0                                                                             1.00407E+17                          FIX-2
     1103606837                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103607071                   0                          N                                    BALLOON            SERIES1                    360/4/360                                          0                                                                             1.00039E+17                          FIX-2
     1103608139                   0             9/1/2011     N                                    ARM-INTONLY        SERIES2                    360/5/360    6MOLIBORWSJ                         120                                                                             1.00033E+17                          ARM-1
     1103608265                   0                          N                                    BALLOON            SERIES2                    360/4/360                                          0                                                                             1.00125E+17                          FIX-2
     1103608814                   0                          N                                    BALLOON            SERIES1                    360/4/360                                          0                                                                             1.00316E+17                          FIX-2
     1103608887                   0                          N                                    BALLOON            SERIES1                    360/4/360                                          0                                                                              1.0041E+17                          FIX-2
     1103609668                   0            10/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/4/360    6MOLIBORWSJ                          60                                                                             1.00094E+17                          ARM-1
     1103610210                   0                          N                                    BALLOON            SERIES1                    360/4/360                                          0                                                                             1.00094E+17                          FIX-2
     1103610321                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103610614                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00094E+17                          FIX-2
     1103610990                   0                          N                                    BALLOON            SERIES1                    360/4/360                                          0                                                                             1.00256E+17                          FIX-2
     1103611160                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                              1.0036E+17                          FIX-2
     1103611297                   0                          N                                    BALLOON            SERIES1                    360/4/360                                          0                                                                             1.00415E+17                          FIX-2
     1103611298                   0                          N                                    BALLOON            SERIES0                    360/4/360                                          0                                                                             1.00017E+17                          FIX-2
     1103611606                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                          60                                                                             1.00302E+17                          ARM-1
     1103612103                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103612648                   0                          N                                    BALLOON            SERIES1                    360/4/360                                          0                                                                             1.00453E+17                          FIX-2
     1103612937                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00104E+17                          ARM-1
     1103612939                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00104E+17                          FIX-2
     1103613232                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103613313                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00407E+17                          FIX-2
     1103613522                   0                          N                                    BALLOON            SERIES1                    360/4/360                                          0                                                                             1.00094E+17                          FIX-2
     1103613808                   0                          N                                    BALLOON            SERIES1                    360/4/360                                          0                                                                              1.0011E+17                          FIX-2
     1103613866                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00348E+17                          FIX-2
     1103613902                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103613903                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00078E+17                          FIX-2
     1103614092                   0             4/1/2007     N                                    ARM-INTONLY        SERIES0                    360/4/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103614240                   0                          N                                    FIXEDRATE          A1                         360/3/360                                          0                                                                             1.00415E+17                          FIX-2
     1103614263                   0            10/1/2011     N                                    ARM-INTONLY        SERIES1                    360/4/360    6MOLIBORWSJ                          60                                                                             1.00033E+17                          ARM-1
     1103614274                   0                          N                                    BALLOON            SERIES1                    360/4/360                                          0                                                                             1.00094E+17                          FIX-2
     1103615431                   0                          N                                    FIX-INTONLY        A                          360/3/360                                         60                                                                             1.00136E+17                          FIX-2
     1103615597                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                          60                                                                             1.00453E+17                          ARM-1
     1103615705                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00094E+17                          FIX-2
     1103615848                   0                          N                                    BALLOON            SERIES1                    360/4/360                                          0                                                                             1.00104E+17                          FIX-2
     1103615884                   0                          N                                    BALLOON            SERIES2                    360/5/360                                          0                                                                             1.00366E+17                          FIX-2
     1103615897                   0                          N                                    BALLOON            SERIES0                    360/4/360                                          0                                                                             1.00104E+17                          FIX-2
     1103616014                   0                          N                                    BALLOON            SERIES1                    360/4/360                                          0                                                                             1.00364E+17                          FIX-2
     1103616325                   0                          N                                    FIX-INTONLY        A                          360/4/360                                         60                                                                             1.00104E+17                          FIX-2
     1103616560                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103616594                   0            12/1/2011     N                                    ARM-INTONLY        SERIES2                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00407E+17                          ARM-1
     1103616602                   0                          N                                    BALLOON            SERIES2                    360/2/360                                          0                                                                             1.00407E+17                          FIX-2
     1103616655                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00058E+17                          FIX-2
     1103616851                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                              1.0041E+17                          FIX-2
     1103616911                   0                          N                                    BALLOON            SERIES1                    360/4/360                                          0                                                                             1.00247E+17                          FIX-2
     1103616945                   0                          N                                    BALLOON            SERIES1                    360/4/360                                          0                                                                             1.00104E+17                          FIX-2
     1103617093                   0                          N                                    BALLOON            SERIES0                    360/4/360                                          0                                                                             1.00453E+17                          FIX-2
     1103617108                   0                          N                                    FIX-INTONLY        SERIES1                    360/4/360                                         60                                                                             1.00415E+17                          FIX-2
     1103617296                   0                          N                                    BALLOON            SERIES1                    360/4/360                                          0                                                                             1.00306E+17                          FIX-2
     1103617308                   0                          N                                    FIX-INTONLY        SERIES2                    360/3/360                                         60                                                                             1.00145E+17                          FIX-2
     1103617361                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00453E+17                          FIX-2
     1103617417                   0                          N                                    BALLOON            SERIES1                    360/4/360                                          0                                                                             1.00317E+17                          FIX-2
     1103617456                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00099E+17                          FIX-2
     1103617470                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00317E+17                          FIX-2
     1103617514                   0                          N                                    BALLOON            SERIES0                    360/4/360                                          0                                                                              1.0009E+17                          FIX-2
     1103617752                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103618392                   0             9/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/5/360    1YLIBOR                             120                                                                                                                  ARM-1
     1103618752                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                              1.0041E+17                          FIX-2
     1103618857                   0                          N                                    BALLOON            SERIES0                    360/4/360                                          0                                                                             1.00104E+17                          FIX-2
     1103618970                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00133E+17                          FIX-2
     1103619005                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00145E+17                          FIX-2
     1103619443                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103619475                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103619548                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00109E+17                          FIX-2
     1103619600                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00017E+17                          FIX-2
     1103619615                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103619725                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00145E+17                          FIX-2
     1103619744                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00183E+17                          FIX-2
     1103619793                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                              1.0036E+17                          FIX-2
     1103619816                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00099E+17                          FIX-2
     1103619893                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                              1.0036E+17                          FIX-2
     1103619924                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00017E+17                          FIX-2
     1103619962                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00158E+17                          ARM-1
     1103620131                   0                          N                                    BALLOON            SERIES0                    360/4/360                                          0                                                                             1.00467E+17                          FIX-2
     1103620139                   0            11/1/2011     N                                    ARM                SERIES1                    360/3/360    6MOLIBORWSJ                           0                                                                             1.00017E+17                          ARM-1
     1103620148                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                              1.0013E+17                          FIX-1
     1103620162                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00317E+17                          ARM-1
     1103620213                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00175E+17                          FIX-2
     1103620452                   0                          N                                    FIX-INTONLY        SERIES1                    360/4/360                                         60                                                                             1.00246E+17                          FIX-2
     1103620463                   0                          N                                    FIXEDRATE          SERIES0                    360/4/360                                          0                                                                             1.00024E+17                          FIX-1
     1103620555                   0                          N                                    FIXEDRATE          SERIES0                    360/4/360                                          0                                                                             1.00024E+17                          FIX-1
     1103620747                   0                          N                                    FIXEDRATE          SERIES0                    360/5/360                                          0                                                                             1.00024E+17                          FIX-1
     1103620877                   0                          N                                    FIXEDRATE          EXPRESS1                   360/4/360                                          0                                                                             1.00024E+17                          FIX-1
     1103621086                   0                          N                                    FIXEDRATE          SERIES0                    360/5/360                                          0                                                                             1.00024E+17                          FIX-1
     1103621173                   0                          N                                    FIX-INTONLY        ADAPT0                     360/4/360                                        120                                                                             1.00024E+17                          FIX-1
     1103621188                   0                          N                                    FIX-INTONLY        SERIES1                    360/5/360                                        120                                                                             1.00024E+17                          FIX-1
     1103621202                   0                          N                                    FIX-INTONLY        SERIES1                    360/5/360                                        120                                                                             1.00024E+17                          FIX-1
     1103621235                   0                          N                                    FIX-INTONLY        SERIES0                    360/4/360                                        120                                                                             1.00111E+17                          FIX-1
     1103621922                   0                          N                                    FIX-INTONLY        SERIES2                    360/5/360                                        120                                                                             1.00024E+17                          FIX-1
     1103622102                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00109E+17                          FIX-2
     1103622128                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103622163                   0                          N                                    BALLOON            SERIES2                    360/4/360                                          0                                                                             1.00453E+17                          FIX-2
     1103622192                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00176E+17                          FIX-2
     1103622203                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00094E+17                          ARM-1
     1103622220                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00094E+17                          FIX-2
     1103622272                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                              1.0036E+17                          FIX-2
     1103622302                   0                          N                                    BALLOON            SERIES1                    360/4/360                                          0                                                                             1.00246E+17                          FIX-2
     1103622305                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                                                                  FIX-2
     1103622330                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103622417                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00317E+17                          FIX-2
     1103622448                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103622449                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103622512                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103622529                   0            11/1/2011     N                                    BALLOON            SERIES3                    480/3/480    6MOLIBORWSJ                           0                                                                             1.00306E+17                          ARM-1
     1103622567                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                              1.0041E+17                          FIX-2
     1103622604                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00175E+17                          FIX-2
     1103622620                   0            11/1/2011     N                                    ARM                SERIES0                    360/3/360    6MOLIBORWSJ                           0                                                                             1.00078E+17                          ARM-1
     1103622621                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103622633                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103622810                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103622858                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                             1.00094E+17                          FIX-1
     1103622866                   0                          N                                    FIXEDRATE          SERIES0                    240/3/240                                          0                                                                             1.00078E+17                          FIX-2
     1103622877                   0                          N                                    FIXEDRATE          A                          360/3/360                                          0                                                                             1.00094E+17                          FIX-2
     1103622927                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                              1.0036E+17                          ARM-1
     1103622928                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                              1.0036E+17                          FIX-2
     1103623038                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                              1.0029E+17                          FIX-2
     1103623102                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00139E+17                          FIX-2
     1103623219                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103623222                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                              1.0036E+17                          FIX-2
     1103623293                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                              1.0041E+17                          FIX-2
     1103623297                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                              1.0036E+17                          FIX-2
     1103623305                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                             1.00079E+17                          FIX-1
     1103623336                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                                                                  ARM-1
     1103623600                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103623632                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00122E+17                          FIX-2
     1103623674                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00145E+17                          FIX-2
     1103623692                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00104E+17                          FIX-2
     1103623733                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00317E+17                          ARM-1
     1103623771                   0            12/1/2009     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00094E+17                          ARM-1
     1103623807                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103623883                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                             1.00079E+17                          FIX-1
     1103623895                   0                          N                                    BALLOON            SERIES2                    360/2/360                                          0                                                                                                                  FIX-2
     1103623896                   0            12/1/2011     N                                    ARM                SERIES1                    360/2/360    6MOLIBORWSJ                           0                                                                              1.0036E+17                          ARM-1
     1103623918                   0                          N                                    FIX-INTONLY        SERIES1                    360/3/360                                         60                                                                             1.00063E+17                          FIX-2
     1103623958                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00033E+17                          ARM-1
     1103623967                   0            12/1/2013     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                          60                                                                             1.00094E+17                          ARM-1
     1103624006                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                         60                                                                             1.00079E+17                          FIX-1
     1103624018                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00079E+17                          ARM-1
     1103624031                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00453E+17                          ARM-1
     1103624034                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                                                                  FIX-2
     1103624055                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00267E+17                          ARM-1
     1103624115                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00317E+17                          FIX-2
     1103624200                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00185E+17                          FIX-2
     1103624250                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103624323                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103624327                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00067E+17                          FIX-2
     1103624329                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00058E+17                          FIX-2
     1103624510                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00317E+17                          FIX-2
     1103624624                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                          60                                                                             1.00079E+17                          ARM-1
     1103624640                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103624676                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103624683                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00122E+17                          FIX-2
     1103624697                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00109E+17                          FIX-2
     1103624732                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103624739                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103624740                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103624792                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                          60                                                                             1.00047E+17                          ARM-1
     1103624821                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00175E+17                          ARM-1
     1103624899                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00183E+17                          FIX-2
     1103624908                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00109E+17                          ARM-1
     1103624910                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00109E+17                          FIX-2
     1103625029                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00094E+17                          ARM-1
     1103625032                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00094E+17                          FIX-2
     1103625121                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00063E+17                          FIX-2
     1103625144                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00453E+17                          FIX-2
     1103625158                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00365E+17                          ARM-1
     1103625159                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00365E+17                          FIX-2
     1103625169                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00453E+17                          FIX-2
     1103625174                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                                                                  ARM-1
     1103625175                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                                                                  FIX-2
     1103625259                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                                                                  FIX-2
     1103625280                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                               1.004E+17                          ARM-1
     1103625295                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00109E+17                          FIX-2
     1103625326                   0            11/1/2009     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                          60                                                                             1.00079E+17                          ARM-1
     1103625342                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00122E+17                          FIX-2
     1103625621                   0            12/1/2009     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00302E+17                          ARM-1
     1103625657                   0                          N                                    FIXEDRATE          SERIES0                    180/3/180                                          0                                                                             1.00079E+17                          FIX-1
     1103625682                   0             1/1/2012     N                                    ARM                SERIES3                    360/1/360    6MOLIBORWSJ                           0                                                                                                                  ARM-1
     1103625686                   0            12/1/2011     N                                    ARM                SERIES0                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00079E+17                          ARM-1
     1103625693                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00104E+17                          FIX-2
     1103625712                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00453E+17                          FIX-2
     1103625731                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                         60                                                                             1.00158E+17                          FIX-2
     1103625789                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103625798                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103625825                   0            12/1/2009     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00039E+17                          ARM-1
     1103625837                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103625842                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103625845                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00078E+17                          FIX-2
     1103625864                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                          60                                                                             1.00109E+17                          ARM-1
     1103625937                   0                          N                                    BALLOON            SERIES2                    360/4/360                                          0                                                                             1.00366E+17                          FIX-2
     1103625938                   0                          N                                    FIXEDRATE          ADAPT0                     360/4/360                                          0                                                                             1.00366E+17                          FIX-2
     1103625958                   0            12/1/2013     N                                    ARM                SERIES0                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00079E+17                          ARM-1
     1103625995                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00109E+17                          ARM-1
     1103625997                   0            12/1/2011     N                                    ARM-INTONLY        SERIES2                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103626019                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00039E+17                          FIX-2
     1103626046                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                                                                  ARM-1
     1103626113                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                          60                                                                             1.00365E+17                          ARM-1
     1103626114                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00365E+17                          FIX-2
     1103626160                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00173E+17                          FIX-2
     1103626279                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00399E+17                          ARM-1
     1103626343                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                              1.0009E+17                          ARM-1
     1103626369                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                              1.0036E+17                          FIX-2
     1103626390                   0            10/1/2011     N                                    ARM-INTONLY        SERIES2                    360/4/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103626397                   0            10/1/2011     N                                    ARM-INTONLY        SERIES0                    360/4/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103626399                   0            10/1/2008     N                                    ARM-INTONLY        ADAPT3                     360/4/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103626400                   0            10/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/4/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103626424                   0            10/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/4/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103626428                   0            10/1/2011     N                                    ARM-INTONLY        SERIES2                    360/4/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103626436                   0            10/1/2011     N                                    ARM-INTONLY        SERIES2                    360/4/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103626530                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00317E+17                          ARM-1
     1103626531                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00317E+17                          FIX-2
     1103626582                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103626583                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00078E+17                          FIX-2
     1103626597                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00058E+17                          ARM-1
     1103626604                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00125E+17                          FIX-2
     1103626621                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00058E+17                          FIX-2
     1103626644                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                              1.0036E+17                          FIX-2
     1103626647                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00125E+17                          FIX-2
     1103626676                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                               1.004E+17                          FIX-2
     1103626691                   0             1/1/2012     N                                    ARM-INTONLY        EXPRESS1+                  360/1/360    6MOLIBORWSJ                         120                                                                              1.0036E+17                          ARM-1
     1103626750                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                              1.0036E+17                          FIX-2
     1103626965                   0            12/1/2011     N                                    ARM-INTONLY        SERIES2                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00306E+17                          ARM-1
     1103626981                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00109E+17                          ARM-1
     1103626983                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00109E+17                          FIX-2
     1103626998                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                              1.0036E+17                          FIX-2
     1103627010                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103627013                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                              1.0036E+17                          FIX-2
     1103627018                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103627019                   0                          N                                    FIX-INTONLY        EXPRESS1                   360/2/360                                         60                                                                             1.00453E+17                          FIX-1
     1103627090                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                             1.00104E+17                          FIX-1
     1103627120                   0            11/1/2009     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                          60                                                                             1.00079E+17                          ARM-1
     1103627219                   0            12/1/2011     N                                    ARM                SERIES0                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00079E+17                          ARM-1
     1103627291                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                                                                  ARM-1
     1103627352                   0                          N                                    FIXEDRATE          ADAPT1                     360/4/360                                          0                                                                             1.00024E+17                          FIX-1
     1103627353                   0                          N                                    FIXEDRATE          ADAPT1                     360/4/360                                          0                                                                             1.00024E+17                          FIX-1
     1103627354                   0                          N                                    FIXEDRATE          ADAPT1                     360/4/360                                          0                                                                             1.00024E+17                          FIX-1
     1103627375                   0                          N                                    FIXEDRATE          ADAPT1                     360/4/360                                          0                                                                             1.00024E+17                          FIX-1
     1103627385                   0                          N                                    FIXEDRATE          ADAPT2                     360/4/360                                          0                                                                             1.00024E+17                          FIX-1
     1103627405                   0                          N                                    FIXEDRATE          SERIES0                    360/4/360                                          0                                                                             1.00252E+17                          FIX-1
     1103627467                   0                          N                                    FIXEDRATE          SERIES1                    360/4/360                                          0                                                                             1.00024E+17                          FIX-1
     1103627469                   0                          N                                    FIXEDRATE          EXPRESS3                   360/4/360                                          0                                                                             1.00024E+17                          FIX-1
     1103627472                   0                          N                                    FIXEDRATE          SERIES0                    360/4/360                                          0                                                                             1.00024E+17                          FIX-1
     1103627491                   0                          N                                    FIXEDRATE          SERIES0                    360/4/360                                          0                                                                             1.00024E+17                          FIX-1
     1103627514                   0                          N                                    FIXEDRATE          SERIES2                    360/4/360                                          0                                                                             1.00024E+17                          FIX-1
     1103627541                   0                          N                                    FIXEDRATE          SERIES1                    360/4/360                                          0                                                                             1.00024E+17                          FIX-1
     1103627567                   0                          N                                    FIXEDRATE          EXPRESS2                   360/4/360                                          0                                                                             1.00024E+17                          FIX-1
     1103627633                   0                          N                                    FIXEDRATE          SERIES1                    360/3/360                                          0                                                                             1.00024E+17                          FIX-1
     1103627661                   0                          N                                    FIXEDRATE          SERIES1                    360/4/360                                          0                                                                             1.00024E+17                          FIX-1
     1103627697                   0                          N                                    FIXEDRATE          SERIES1                    360/4/360                                          0                                                                             1.00024E+17                          FIX-1
     1103627716                   0                          N                                    FIXEDRATE          EXPRESS1                   360/5/360                                          0                                                                             1.00437E+17                          FIX-1
     1103627743                   0                          N                                    FIXEDRATE          SERIES1                    360/4/360                                          0                                                                             1.00214E+17                          FIX-1
     1103627777                   0                          N                                    FIXEDRATE          SERIES2                    360/4/360                                          0                                                                             1.00024E+17                          FIX-1
     1103627841                   0                          N                                    FIXEDRATE          SERIES0                    360/4/360                                          0                                                                             1.00024E+17                          FIX-1
     1103627853                   0                          N                                    FIX-INTONLY        ADAPT1                     360/4/360                                        120                                                                             1.00024E+17                          FIX-1
     1103627897                   0                          N                                    FIX-INTONLY        SERIES0                    360/4/360                                        120                                                                             1.00024E+17                          FIX-1
     1103627898                   0                          N                                    FIX-INTONLY        SERIES0                    360/4/360                                        120                                                                             1.00024E+17                          FIX-1
     1103627907                   0                          N                                    FIX-INTONLY        SERIES1                    360/4/360                                        120                                                                             1.00024E+17                          FIX-1
     1103628034                   0                          N                                    FIX-INTONLY        SERIES1                    360/4/360                                        120                                                                             1.00214E+17                          FIX-1
     1103628036                   0                          N                                    FIX-INTONLY        SERIES2                    360/4/360                                        120                                                                             1.00024E+17                          FIX-1
     1103628059                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                             1.00024E+17                          FIX-1
     1103628090                   0                          N                                    FIX-INTONLY        EXPRESS2                   360/4/360                                        120                                                                             1.00024E+17                          FIX-1
     1103628173                   0                          N                                    FIX-INTONLY        SERIES1                    360/4/360                                        120                                                                             1.00024E+17                          FIX-1
     1103628176                   0                          N                                    FIX-INTONLY        SERIES2                    360/4/360                                        120                                                                             1.00187E+17                          FIX-1
     1103628184                   0                          N                                    FIX-INTONLY        SERIES0                    360/4/360                                        120                                                                             1.00024E+17                          FIX-1
     1103628206                   0                          N                                    FIX-INTONLY        SERIES0                    360/4/360                                        120                                                                             1.00024E+17                          FIX-1
     1103628216                   0                          N                                    FIX-INTONLY        SERIES2                    360/3/360                                        120                                                                             1.00024E+17                          FIX-1
     1103628279                   0                          N                                    FIX-INTONLY        SERIES0                    360/4/360                                        120                                                                             1.00024E+17                          FIX-1
     1103628316                   0                          N                                    FIX-INTONLY        EXPRESS1                   360/4/360                                        120                                                                             1.00024E+17                          FIX-1
     1103628320                   0                          N                                    FIX-INTONLY        ADAPT1                     360/4/360                                        120                                                                             1.00024E+17                          FIX-1
     1103628435                   0                          N                                    FIX-INTONLY        SERIES0                    360/4/360                                        120                                                                             1.00188E+17                          FIX-1
     1103628461                   0                          N                                    FIX-INTONLY        SERIES1                    360/4/360                                        120                                                                             1.00024E+17                          FIX-1
     1103628467                   0                          N                                    FIX-INTONLY        EXPRESS1                   360/4/360                                        120                                                                             1.00024E+17                          FIX-1
     1103628499                   0                          N                                    FIX-INTONLY        EXPRESS1                   360/4/360                                        120                                                                             1.00024E+17                          FIX-1
     1103628532                   0                          N                                    FIX-INTONLY        SERIES2                    360/4/360                                        120                                                                             1.00024E+17                          FIX-1
     1103628583                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00113E+17                          FIX-2
     1103628592                   0                          N                                    FIXEDRATE          SERIES1                    180/3/180                                          0                                                                              1.0009E+17                          FIX-2
     1103628629                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                             1.00079E+17                          FIX-1
     1103628658                   0                          N                                    FIX-INTONLY        SERIES1                    360/3/360                                         60                                                                             1.00097E+17                          FIX-2
     1103628662                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                              1.0036E+17                          FIX-2
     1103628665                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00109E+17                          FIX-2
     1103628766                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00063E+17                          FIX-2
     1103628787                   0            10/1/2009     N                                    ARM-INTONLY        SERIES2                    360/4/360    6MOLIBORWSJ                          60                                                                             1.00029E+17                          ARM-1
     1103628810                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/4/360    6MOLIBORWSJ                         120                                                                             1.00029E+17                          ARM-1
     1103628873                   0            11/1/2011     N                                    BALLOON            SERIES3                    480/3/480    6MOLIBORWSJ                           0                                                                             1.00104E+17                          ARM-1
     1103628924                   0            12/1/2013     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00474E+17                          ARM-1
     1103628930                   0            12/1/2013     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00176E+17                          ARM-1
     1103628996                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00182E+17                          FIX-2
     1103629015                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                              1.0009E+17                          FIX-2
     1103629099                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00099E+17                          FIX-2
     1103629150                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                              1.0036E+17                          FIX-2
     1103629156                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00306E+17                          ARM-1
     1103629182                   0            11/1/2011     N                                    ARM-INTONLY        SERIES2                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103629183                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103629184                   0            11/1/2011     N                                    ARM-INTONLY        SERIES3                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103629187                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103629191                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103629194                   0            11/1/2011     N                                    ARM-INTONLY        SERIES2                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103629195                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103629196                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103629199                   0            11/1/2011     N                                    ARM-INTONLY        SERIES2                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103629202                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103629209                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103629210                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103629215                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103629216                   0            11/1/2013     N                                    ARM                SERIES0                    360/3/360    6MOLIBORWSJ                           0                                                                             1.00142E+17                          ARM-1
     1103629217                   0            10/1/2011     N                                    ARM-INTONLY        SERIES0                    360/4/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103629243                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00066E+17                          FIX-2
     1103629247                2.46             9/1/2008     N                                    ARM                ADAPT2                     360/5/360    6MOLIBORWSJ                           0                                                                             1.00039E+17                          ARM-1
     1103629251                 1.2             9/1/2008     N                                    ARM                ADAPT1                     360/5/360    6MOLIBORWSJ                           0                                                                             1.00077E+17                          ARM-1
     1103629268                   0            12/1/2009     N                                    ARM                SERIES1                    360/2/360    6MOLIBORWSJ                           0                                                                              1.0036E+17                          ARM-1
     1103629317                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103629321                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                             1.00094E+17                          FIX-1
     1103629407                   0                          N                                    FIXEDRATE          SERIES1                    360/2/360                                          0                                                                             1.00421E+17                          FIX-1
     1103629430                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/2/360    6MOLIBORWSJ                         120                                                                              1.0036E+17                          ARM-1
     1103629473                   0            12/1/2011     N                                    ARM-INTONLY        SERIES2                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103629529                   0            12/1/2011     N                                    ARM-INTONLY        SERIES2                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00175E+17                          ARM-1
     1103629531                   0                          N                                    FIX-INTONLY        SERIES2                    360/2/360                                         60                                                                             1.00175E+17                          FIX-2
     1103629561                   0            12/1/2011     N                                    BALLOON            SERIES1                    480/2/480    6MOLIBORWSJ                           0                                                                             1.00094E+17                          ARM-1
     1103629603                   0            12/1/2011     N                                    ARM                SERIES2                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00419E+17                          ARM-1
     1103629625                   0             1/1/2012     N                                    ARM-INTONLY        SERIES2                    360/1/360    6MOLIBORWSJ                         120                                                                              1.0036E+17                          ARM-1
     1103629696                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103629714                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103629768                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00099E+17                          FIX-2
     1103629843                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00125E+17                          ARM-1
     1103629852                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                          60                                                                             1.00047E+17                          ARM-1
     1103629866                   0                          N                                    FIX-INTONLY        A1                         360/3/360                                        120                                                                             1.00273E+17                          FIX-2
     1103629923                   0                          N                                    FIX-INTONLY        SERIES0                    360/2/360                                        120                                                                             1.00316E+17                          FIX-1
     1103629925                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                               1.004E+17                          FIX-2
     1103629946                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                              1.0036E+17                          FIX-2
     1103629956                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                              1.0036E+17                          FIX-2
     1103630032                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00104E+17                          ARM-1
     1103630058                   0            12/1/2011     N                                    ARM                SERIES1                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00364E+17                          ARM-1
     1103630059                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00364E+17                          FIX-2
     1103630062                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00364E+17                          ARM-1
     1103630063                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00364E+17                          FIX-2
     1103630085                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103630155                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                              1.0036E+17                          FIX-2
     1103630161                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103630260                1.41                          N                                    FIXEDRATE          SERIES2                    360/2/360                                          0                                                                             1.00078E+17                          FIX-1
     1103630318                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00109E+17                          ARM-1
     1103630324                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                              1.0036E+17                          FIX-2
     1103630326                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00316E+17                          ARM-1
     1103630331                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00316E+17                          FIX-2
     1103630375                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00316E+17                          ARM-1
     1103630429                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103630433                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                              1.0036E+17                          FIX-2
     1103630475                   0                          N                                    FIXEDRATE          A+                         360/2/360                                          0                                                                             1.00348E+17                          FIX-2
     1103630571                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103630597                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                              1.0047E+17                          FIX-2
     1103630680                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                             1.00212E+17                          FIX-1
     1103630686                   0                          N                                    FIXEDRATE          SERIES1                    360/3/360                                          0                                                                             1.00212E+17                          FIX-1
     1103630694                   0                          N                                    FIXEDRATE          SERIES0                    360/5/360                                          0                                                                             1.00212E+17                          FIX-1
     1103630703                   0                          N                                    FIX-INTONLY        ADAPT1                     360/6/360                                         60                                                                             1.00212E+17                          FIX-1
     1103630706                   0                          N                                    FIXEDRATE          ADAPT2                     360/5/360                                          0                                                                             1.00212E+17                          FIX-1
     1103630718                   0                          N                                    FIXEDRATE          EXPRESS1+                  360/3/360                                          0                                                                             1.00212E+17                          FIX-1
     1103630733                   0                          N                                    FIXEDRATE          ADAPT1                     360/3/360                                          0                                                                             1.00212E+17                          FIX-1
     1103630745                   0                          N                                    FIX-INTONLY        EXPRESS1+                  360/3/360                                        120                                                                             1.00212E+17                          FIX-1
     1103630778                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                          60                                                                             1.00419E+17                          ARM-1
     1103630819                   0            12/1/2011     N                                    ARM                EXPRESS1+                  360/2/360    6MOLIBORWSJ                           0                                                                             1.00419E+17                          ARM-1
     1103630825                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103630837                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103630838                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00078E+17                          FIX-2
     1103630847                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00357E+17                          ARM-1
     1103630896                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                              1.0036E+17                          FIX-2
     1103630929                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103630936                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                             1.00079E+17                          FIX-1
     1103630970                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                             1.00078E+17                          FIX-1
     1103631031                   0            12/1/2009     N                                    BALLOON            SERIES1                    480/2/480    6MOLIBORWSJ                           0                                                                             1.00094E+17                          ARM-1
     1103631039                   0            12/1/2011     N                                    ARM-INTONLY        SERIES2                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103631071                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                             1.00079E+17                          FIX-1
     1103631139                   0            11/1/2013     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103631162                   0                          N                                    FIXEDRATE          SERIES1                    180/3/180                                          0                                                                             1.00366E+17                          FIX-2
     1103631166                   0                          N                                    BALLOON            ADAPT0                     360/3/360                                          0                                                                             1.00366E+17                          FIX-2
     1103631175                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                                                                  ARM-1
     1103631208                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00079E+17                          ARM-1
     1103631217                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103631230                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                          60                                                                             1.00109E+17                          ARM-1
     1103631253                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                          60                                                                                                                  ARM-1
     1103631255                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103631267                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103631271                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103631273                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103631274                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103631278                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103631286                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103631291                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103631292                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                              60                                                                             1.00096E+17                          ARM-1
     1103631297                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                                                                  FIX-2
     1103631306                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103631310                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                              1.0036E+17                          FIX-2
     1103631311                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103631312                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00078E+17                          FIX-2
     1103631315                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00317E+17                          ARM-1
     1103631321                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00317E+17                          FIX-2
     1103631360                   0                          N                                    FIXEDRATE          A                          360/2/360                                          0                                                                             1.00058E+17                          FIX-2
     1103631384                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103631393                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00306E+17                          ARM-1
     1103631427                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103631429                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103631435                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103631458                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/3/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103631475                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00365E+17                          ARM-1
     1103631525                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00364E+17                          ARM-1
     1103631526                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00364E+17                          FIX-2
     1103631528                   0            12/1/2009     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00039E+17                          ARM-1
     1103631529                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00039E+17                          FIX-2
     1103631531                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00182E+17                          FIX-2
     1103631556                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00399E+17                          ARM-1
     1103631591                   0            12/1/2011     N                                    ARM-INTONLY        SERIES2                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103631884                   0           11/16/2008     N                                    ARM                SERIES1                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00078E+17                          ARM-1
     1103631885                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00078E+17                          FIX-2
     1103631899                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103631900                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00078E+17                          FIX-2
     1103631921                   0                          N                                    FIXEDRATE          A+                         360/2/360                                          0                                                                             1.00134E+17                          FIX-2
     1103631940                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103631952                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                              1.0036E+17                          FIX-2
     1103631967                   0                          N                                    FIXEDRATE          SERIES1                    360/2/360                                          0                                                                             1.00094E+17                          FIX-1
     1103631997                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00415E+17                          FIX-2
     1103632006                   0                          N                                    FIXEDRATE          SERIES3                    360/2/360                                          0                                                                             1.00437E+17                          FIX-1
     1103632012                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/2/360    6MOLIBORWSJ                          60                                                                                                                  ARM-1
     1103632049                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00316E+17                          ARM-1
     1103632053                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00366E+17                          ARM-1
     1103632066                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00306E+17                          ARM-1
     1103632067                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00306E+17                          FIX-2
     1103632070                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103632071                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00078E+17                          FIX-2
     1103632083                   0            12/1/2011     N                                    ARM-INTONLY        SERIES2                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00316E+17                          ARM-1
     1103632091                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103632110                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00364E+17                          ARM-1
     1103632112                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00364E+17                          FIX-2
     1103632183                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                              1.0036E+17                          FIX-2
     1103632199                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00317E+17                          ARM-1
     1103632210                   0             9/1/2011     N                                    ARM-INTONLY        SERIES0                    360/5/360    6MOLIBORWSJ                         120                                                                             1.00366E+17                          ARM-1
     1103632219                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00317E+17                          FIX-2
     1103632263                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00066E+17                          FIX-2
     1103632271                   0             1/1/2012     N                                    ARM                SERIES0                    360/1/360    6MOLIBORWSJ                           0                                                                              1.0036E+17                          ARM-1
     1103632312                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00478E+17                          ARM-1
     1103632319                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103632354                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                             1.00079E+17                          FIX-1
     1103632386                0.64            12/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/2/360    6MOLIBORWSJ                         120                                                                             1.00317E+17                          ARM-1
     1103632436                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                              1.0036E+17                          FIX-2
     1103632448                   0                          N                                    FIXEDRATE          SERIES1                    360/2/360                                          0                                                                              1.0009E+17                          FIX-1
     1103632491                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                              1.0041E+17                          ARM-1
     1103632500                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                              1.0041E+17                          FIX-2
     1103632508                   0                          N                                    FIXEDRATE          SERIES1                    360/2/360                                          0                                                                             1.00061E+17                          FIX-1
     1103632522                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103632533                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103632534                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00078E+17                          FIX-2
     1103632561                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00317E+17                          ARM-1
     1103632562                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00317E+17                          FIX-2
     1103632591                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00152E+17                          FIX-2
     1103632594                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00415E+17                          ARM-1
     1103632600                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00415E+17                          FIX-2
     1103632683                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                              1.0036E+17                          FIX-2
     1103632695                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103632696                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00078E+17                          FIX-2
     1103632703                0.67            12/1/2011     N                                    ARM                SERIES0                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00058E+17                          ARM-1
     1103632725                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103632747                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00306E+17                          FIX-2
     1103632764                   0            10/1/2008     N                                    ARM                SERIES0                    360/4/360    6MOLIBORWSJ                           0                                                                             1.00024E+17                          ARM-1
     1103632768                   0            10/1/2008     N                                    ARM-INTONLY        SERIES0                    360/4/360    6MOLIBORWSJ                         120                                                                             1.00024E+17                          ARM-1
     1103632791                   0            10/1/2007     N                                    ARM-INTONLY        ADAPT1                     360/4/360    1YLIBOR                             120                                                                             1.00024E+17                          ARM-1
     1103632803                   0            11/1/2007     N                                    ARM                ADAPT2                     360/3/360    1YLIBOR                               0                                                                             1.00024E+17                          ARM-1
     1103632804                   0             9/1/2007     N                                    ARM                ADAPT1                     360/5/360    1YLIBOR                               0                                                                             1.00024E+17                          ARM-1
     1103632811                   0            11/1/2007     N                                    ARM                ADAPT1                     360/3/360    1YLIBOR                               0                                                                             1.00024E+17                          ARM-1
     1103632812                   0             8/1/2009     N                                    ARM-INTONLY        ADAPT0                     360/6/360    1YLIBOR                             120                                                                             1.00024E+17                          ARM-1
     1103632817                   0            10/1/2009     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                             1.00111E+17                          ARM-1
     1103632828                   0             9/1/2009     N                                    ARM-INTONLY        ADAPT0                     360/5/360    1YLIBOR                             120                                                                              1.0013E+17                          ARM-1
     1103632830                   0             8/1/2007     N                                    ARM                ADAPT0                     360/6/360    1YLIBOR                               0                                                                             1.00024E+17                          ARM-1
     1103632836                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00037E+17                          ARM-1
     1103632837                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00037E+17                          ARM-1
     1103632840                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/4/360    1YLIBOR                             120                                                                             1.00037E+17                          ARM-1
     1103632846                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00037E+17                          ARM-1
     1103632848                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00037E+17                          ARM-1
     1103632873                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                             1.00037E+17                          FIX-1
     1103632940                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00306E+17                          ARM-1
     1103632967                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                              1.0036E+17                          ARM-1
     1103632978                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00109E+17                          ARM-1
     1103633010                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103633013                   0            12/1/2011     N                                    ARM-INTONLY        SERIES2                    360/2/360    6MOLIBORWSJ                         120                                                                              1.0036E+17                          ARM-1
     1103633019                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00071E+17                          ARM-1
     1103633036                   0                          N                                    BALLOON            SERIES2                    360/2/360                                          0                                                                              1.0036E+17                          FIX-2
     1103633086                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103633093                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103633095                   0            10/1/2011     N                                    ARM-INTONLY        SERIES1                    360/4/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103633164                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103633174                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                              1.0036E+17                          ARM-1
     1103633180                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00094E+17                          ARM-1
     1103633213                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                              1.0036E+17                          ARM-1
     1103633274                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00273E+17                          ARM-1
     1103633289                   0                          N                                    FIX-INTONLY        SERIES1                    360/2/360                                         60                                                                             1.00273E+17                          FIX-2
     1103633307                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00122E+17                          ARM-1
     1103633351                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                                                                  ARM-1
     1103633374                   0             1/1/2010     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103633456                   0            12/1/2009     N                                    ARM                EXPRESS2                   360/2/360    6MOLIBORWSJ                           0                                                                             1.00061E+17                          ARM-1
     1103633469                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                              1.0036E+17                          FIX-2
     1103633471                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00094E+17                          ARM-1
     1103633522                   0             5/1/2007     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103633525                   0            11/1/2009     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103633528                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103633537                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103633542                   0             5/1/2007     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103633543                   0            11/1/2013     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103633548                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103633551                   0             5/1/2007     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103633552                   0            11/1/2009     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103633553                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103633554                   0            11/1/2013     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103633555                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103633557                   0            11/1/2013     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103633558                   0            11/1/2013     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103633559                   0            11/1/2009     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103633584                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/3/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103633590                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103633593                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/3/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103633595                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103633629                   0            12/1/2011     N                                    ARM-INTONLY        SERIES2                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00145E+17                          ARM-1
     1103633660                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00453E+17                          ARM-1
     1103633663                   0            12/1/2011     N                                    ARM-INTONLY        SERIES2                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00453E+17                          ARM-1
     1103633676                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103633677                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00078E+17                          FIX-2
     1103633688                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103633741                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00122E+17                          ARM-1
     1103633750                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                              1.0013E+17                          ARM-1
     1103633758                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                                                                  ARM-1
     1103633780                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                                                                  ARM-1
     1103633782                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                                                                  ARM-1
     1103633800                   0            12/1/2013     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                          60                                                                              1.0011E+17                          ARM-1
     1103633853                   0            12/1/2009     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00122E+17                          ARM-1
     1103633932                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103633936                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103633944                   0            11/1/2011     N                                    ARM                SERIES0                    360/3/360    6MOLIBORWSJ                           0                                                                             1.00187E+17                          ARM-1
     1103633979                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103634019                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00096E+17                          ARM-1
     1103634032                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                             1.00366E+17                          FIX-1
     1103634065                   0            12/1/2013     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00361E+17                          ARM-1
     1103634153                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103634154                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00078E+17                          FIX-2
     1103634165                   0                          N                                    FIXEDRATE          EXPRESS1+                    360/360                                          0                                                                             1.00062E+17                          FIX-1
     1103634206                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00364E+17                          ARM-1
     1103634214                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103634216                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00364E+17                          FIX-2
     1103634227                   0                          N                                    FIX-INTONLY        SERIES1                    360/2/360                                         60                                                                             1.00078E+17                          FIX-1
     1103634233                   0                          N                                    FIXEDRATE          SERIES1                    360/1/360                                          0                                                                              1.0036E+17                          FIX-1
     1103634276                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00317E+17                          ARM-1
     1103634313                   0                          N                                    BALLOON            SERIES0                    360/4/360                                          0                                                                              1.0036E+17                          FIX-2
     1103634325                   0             1/1/2012     N                                    ARM                SERIES1                    360/1/360    6MOLIBORWSJ                           0                                                                             1.00078E+17                          ARM-1
     1103634351                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                                                                  ARM-1
     1103634353                   0            12/1/2011     N                                    ARM-INTONLY        SERIES2                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00109E+17                          ARM-1
     1103634355                   0                          N                                    BALLOON            SERIES2                    360/2/360                                          0                                                                             1.00109E+17                          FIX-2
     1103634372                   0                          N                                    FIX-INTONLY        SERIES0                    360/2/360                                         60                                                                             1.00078E+17                          FIX-1
     1103634381                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00109E+17                          ARM-1
     1103634406                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00099E+17                          ARM-1
     1103634414                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00099E+17                          FIX-2
     1103634440                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103634456                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                              1.0036E+17                          FIX-2
     1103634528                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103634534                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103634539                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103634553                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103634597                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00317E+17                          ARM-1
     1103634609                0.73            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103634640                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00158E+17                          ARM-1
     1103634677                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00099E+17                          ARM-1
     1103634678                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00099E+17                          FIX-2
     1103634684                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                              1.0036E+17                          FIX-2
     1103634691                   0            12/1/2011     N                                    ARM                SERIES1                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00058E+17                          ARM-1
     1103634696                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00058E+17                          FIX-2
     1103634703                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00122E+17                          ARM-1
     1103634723                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103634741                   0            12/1/2013     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                              1.0036E+17                          ARM-1
     1103634753                   0                          N                                    FIX-INTONLY        SERIES1                    360/2/360                                         60                                                                             1.00055E+17                          FIX-1
     1103634773                   0            12/1/2009     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103634774                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00078E+17                          FIX-2
     1103634780                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00122E+17                          ARM-1
     1103634786                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00306E+17                          ARM-1
     1103634787                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00306E+17                          FIX-2
     1103634790                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103634922                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00113E+17                          ARM-1
     1103634924                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634925                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634926                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634928                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634929                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634930                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634931                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634932                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634933                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634935                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634936                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634937                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634938                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634939                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634940                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634942                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634943                   0            11/1/2011     N                                    ARM                SERIES0                    360/3/360    6MOLIBORWSJ                           0                                                                             1.00142E+17                          ARM-1
     1103634945                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634946                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634948                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634949                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634950                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634951                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634954                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634956                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634958                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634959                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634961                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634962                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634963                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634964                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634966                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634967                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634970                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634971                   0            11/1/2013     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634973                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634974                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634976                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103634981                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103635036                1.24            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00097E+17                          ARM-1
     1103635039                   0                          N                                    BALLOON            ADAPT3                     360/5/360                                          0                                                                             1.00061E+17                          FIX-2
     1103635043                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00122E+17                          ARM-1
     1103635055                   0                          N                                    FIX-INTONLY        SERIES0                    360/2/360                                         60                                                                              1.0036E+17                          FIX-1
     1103635065                0.83            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635071                1.55            11/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635072                0.87            11/1/2009     N                                    ARM-INTONLY        ADAPT0                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635073                0.97            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635074                0.63            11/1/2011     N                                    BALLOON            ADAPT0                     480/3/480    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635078                1.15            11/1/2009     N                                    BALLOON            ADAPT0                     480/3/480    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635083                1.56            11/1/2013     N                                    BALLOON            ADAPT1                     480/3/480    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635085                1.92            11/1/2009     N                                    ARM-INTONLY        ADAPT2                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635088                   0            11/1/2011     N                                    ARM                ADAPT0                     360/3/360    1YLIBOR                               0                                                                             1.00063E+17                          ARM-1
     1103635089                   0            11/1/2011     N                                    BALLOON            EXPRESS1+                  480/3/480    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635090                   0            11/1/2011     N                                    ARM                EXPRESS1+                  360/3/360    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635091                   0            11/1/2011     N                                    BALLOON            EXPRESS1+                  480/3/480    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635092                   0            11/1/2011     N                                    BALLOON            EXPRESS2                   480/3/480    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635093                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635094                   0            11/1/2009     N                                    ARM-INTONLY        ADAPT0                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635095                   0            11/1/2009     N                                    BALLOON            ADAPT0                     480/3/480    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635096                   0            11/1/2011     N                                    ARM                ADAPT2                     360/3/360    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635098                   0            11/1/2011     N                                    ARM                ADAPT0                     360/3/360    1YLIBOR                               0                                                                             1.00063E+17                          ARM-1
     1103635102                   0            11/1/2009     N                                    ARM-INTONLY        SERIES2                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635103                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635105                   0            11/1/2011     N                                    BALLOON            EXPRESS1+                  480/3/480    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635106                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635107                   0            11/1/2009     N                                    ARM-INTONLY        ADAPT2                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635108                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635109                   0            11/1/2009     N                                    ARM-INTONLY        ADAPT2                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635110                   0            11/1/2011     N                                    BALLOON            ADAPT0                     480/3/480    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635111                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT2                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635112                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635113                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635116                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                          60                                                                             1.00063E+17                          ARM-1
     1103635117                   0            11/1/2009     N                                    BALLOON            EXPRESS2                   480/3/480    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635121                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635122                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635123                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635125                   0            11/1/2009     N                                    BALLOON            EXPRESS1+                  480/3/480    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635126                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635127                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635128                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635129                   0            11/1/2013     N                                    ARM                EXPRESS2                   360/3/360    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635130                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635131                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635132                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635136                   0            11/1/2009     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635137                   0            11/1/2009     N                                    BALLOON            EXPRESS1+                  480/3/480    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635138                   0            11/1/2011     N                                    BALLOON            EXPRESS1+                  480/3/480    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635139                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635142                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635143                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635144                   0            11/1/2013     N                                    BALLOON            ADAPT0                     480/3/480    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635145                   0            11/1/2009     N                                    ARM-INTONLY        ADAPT2                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635146                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635148                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635149                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635151                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635152                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635155                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635156                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635157                   0            11/1/2011     N                                    BALLOON            EXPRESS1+                  480/3/480    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635160                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635161                   0            11/1/2011     N                                    BALLOON            SERIES0                    480/3/480    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635162                   0             9/1/2011     N                                    BALLOON            EXPRESS2                   480/5/480    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635163                   0            11/1/2011     N                                    BALLOON            EXPRESS1+                  480/3/480    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635164                   0            11/1/2011     N                                    BALLOON            EXPRESS1+                  480/3/480    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635165                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635166                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635167                   0            11/1/2011     N                                    ARM                EXPRESS1+                  360/3/360    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635168                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635170                   0            11/1/2011     N                                    BALLOON            ADAPT2                     480/3/480    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635171                   0            11/1/2013     N                                    BALLOON            ADAPT1                     480/3/480    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635172                   0            11/1/2011     N                                    BALLOON            ADAPT2                     480/3/480    6MOLIBORWSJ                           0                                                                             1.00063E+17                          ARM-1
     1103635174                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635175                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635177                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103635178                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                          60                                                                             1.00063E+17                          ARM-1
     1103635200                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                          60                                                                             1.00123E+17                          ARM-1
     1103635204                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                          60                                                                             1.00123E+17                          ARM-1
     1103635213                   0            11/1/2009     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                          36                                                                             1.00123E+17                          ARM-1
     1103635215                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                          60                                                                             1.00123E+17                          ARM-1
     1103635231                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00123E+17                          FIX-2
     1103635232                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00123E+17                          FIX-2
     1103635233                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00123E+17                          FIX-2
     1103635235                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00123E+17                          FIX-2
     1103635236                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00123E+17                          FIX-2
     1103635238                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00123E+17                          FIX-2
     1103635240                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00123E+17                          FIX-2
     1103635242                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00123E+17                          FIX-2
     1103635243                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00123E+17                          FIX-2
     1103635342                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103635343                   0            12/1/2011     N                                    ARM                SERIES0                    360/2/360    6MOLIBORWSJ                           0                                                                              1.0001E+17                          ARM-1
     1103635354                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103635358                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                                                                  ARM-1
     1103635370                   0            12/1/2011     N                                    BALLOON            SERIES0                    480/2/480    6MOLIBORWSJ                           0                                                                             1.00306E+17                          ARM-1
     1103635377                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                              1.0036E+17                          ARM-1
     1103635383                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                              1.0036E+17                          ARM-1
     1103635400                   0            12/1/2011     N                                    ARM                SERIES1                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00058E+17                          ARM-1
     1103635411                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103635447                   0                          N                                    FIXEDRATE          EXPRESS1+                  360/4/360                                          0                                                                             1.00037E+17                          FIX-1
     1103635494                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00193E+17                          ARM-1
     1103635495                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00193E+17                          ARM-1
     1103635496                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00193E+17                          ARM-1
     1103635497                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00193E+17                          ARM-1
     1103635498                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00193E+17                          ARM-1
     1103635499                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00193E+17                          ARM-1
     1103635500                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00193E+17                          ARM-1
     1103635501                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00193E+17                          ARM-1
     1103635502                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00193E+17                          ARM-1
     1103635513                   0            11/1/2009     N                                    ARM                EXPRESS2                   360/3/360    6MOLIBORWSJ                           0                                                                             1.00197E+17                          ARM-1
     1103635520                   0            11/1/2009     N                                    BALLOON            EXPRESS1                   480/3/480    6MOLIBORWSJ                           0                                                                             1.00197E+17                          ARM-1
     1103635524                   0            11/1/2009     N                                    ARM                EXPRESS2                   360/3/360    6MOLIBORWSJ                           0                                                                             1.00197E+17                          ARM-1
     1103635543                   0            11/1/2013     N                                    ARM-INTONLY        EXPRESS1                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00197E+17                          ARM-1
     1103635544                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00197E+17                          ARM-1
     1103635547                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00197E+17                          ARM-1
     1103635549                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00197E+17                          ARM-1
     1103635566                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00197E+17                          ARM-1
     1103635574                0.53            11/1/2011     N                                    BALLOON            SERIES0                    480/3/480    6MOLIBORWSJ                           0                                                                             1.00197E+17                          ARM-1
     1103635610                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00306E+17                          ARM-1
     1103635640                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                          60                                                                             1.00306E+17                          ARM-1
     1103635642                   0            11/1/2009     N                                    ARM                ADAPT0                     360/3/360    1YLIBOR                               0                                                                             1.00024E+17                          ARM-1
     1103635643                   0            11/1/2009     N                                    ARM                ADAPT0                     360/3/360    1YLIBOR                               0                                                                             1.00024E+17                          ARM-1
     1103635644                   0            10/1/2009     N                                    ARM                ADAPT0                     360/4/360    1YLIBOR                               0                                                                             1.00024E+17                          ARM-1
     1103635645                   0            11/1/2009     N                                    ARM                ADAPT0                     360/3/360    1YLIBOR                               0                                                                             1.00024E+17                          ARM-1
     1103635646                   0            11/1/2009     N                                    ARM                ADAPT0                     360/3/360    1YLIBOR                               0                                                                             1.00024E+17                          ARM-1
     1103635666                   0                          N                                    FIXEDRATE          SERIES1                    360/2/360                                          0                                                                             1.00421E+17                          FIX-1
     1103635763                   0             1/1/2014     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103635793                   0             1/1/2014     N                                    ARM-INTONLY        EXPRESS1+                  360/1/360    6MOLIBORWSJ                         120                                                                              1.0036E+17                          ARM-1
     1103635829                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                                                                  ARM-1
     1103635834                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103635853                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00364E+17                          ARM-1
     1103635855                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00364E+17                          FIX-2
     1103635876                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                             1.00079E+17                          FIX-1
     1103635879                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103635904                   0                          N                                    FIX-INTONLY        SERIES0                    360/2/360                                        120                                                                             1.00467E+17                          FIX-1
     1103635930                   0                          N                                    FIX-INTONLY        SERIES0                    360/2/360                                         60                                                                                                                  FIX-2
     1103635955                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                              1.0036E+17                          ARM-1
     1103635989                0.52            12/1/2011     N                                    ARM                SERIES0                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00078E+17                          ARM-1
     1103636009                   0                          N                                    FIX-INTONLY        SERIES2                    360/2/360                                        120                                                                             1.00056E+17                          FIX-1
     1103636022                   0             1/1/2014     N                                    ARM                SERIES1                    360/1/360    6MOLIBORWSJ                           0                                                                              1.0036E+17                          ARM-1
     1103636029                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00176E+17                          ARM-1
     1103636033                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00099E+17                          ARM-1
     1103636049                   0            12/1/2008     N                                    ARM-INTONLY        ADAPT2                     360/2/360    6MOLIBORWSJ                          60                                                                             1.00096E+17                          ARM-1
     1103636052                   0            11/1/2008     N                                    ARM-INTONLY        ADAPT1                     360/3/360    6MOLIBORWSJ                          60                                                                             1.00096E+17                          ARM-1
     1103636053                   0            12/1/2008     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00096E+17                          ARM-1
     1103636054                   0            11/1/2008     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                          60                                                                             1.00096E+17                          ARM-1
     1103636056                   0            11/1/2008     N                                    ARM-INTONLY        ADAPT1                     360/3/360    6MOLIBORWSJ                          60                                                                             1.00096E+17                          ARM-1
     1103636063                   0            12/1/2013     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103636064                   0            11/1/2013     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103636086                   0                          N                                    FIX-INTONLY        EXPRESS1                   360/2/360                                        120                                                                             1.00056E+17                          FIX-1
     1103636147                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103636152                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00078E+17                          FIX-2
     1103636162                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103636165                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636167                   0            10/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/4/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636170                   0            10/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/4/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636172                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/3/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636173                   0            10/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/4/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636174                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/3/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636175                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/3/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636176                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/3/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636177                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/3/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636179                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636181                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636182                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/3/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636183                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636184                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636186                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/3/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636188                   0            11/1/2011     N                                    ARM                EXPRESS1                   360/3/360    6MOLIBORWSJ                           0                                                                             1.00183E+17                          ARM-1
     1103636189                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636190                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636191                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/3/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636192                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636194                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636195                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636197                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/3/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636198                   0            11/1/2011     N                                    ARM                EXPRESS1                   360/3/360    6MOLIBORWSJ                           0                                                                             1.00183E+17                          ARM-1
     1103636200                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/3/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636201                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/3/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636205                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT3                     360/3/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103636211                   0             9/1/2011     N                                    ARM-INTONLY        SERIES2                    360/5/360    6MOLIBORWSJ                          60                                                                             1.00306E+17                          ARM-1
     1103636212                   0            10/1/2011     N                                    ARM                EXPRESS1+                  360/4/360    6MOLIBORWSJ                           0                                                                             1.00306E+17                          ARM-1
     1103636214                   0             8/1/2011     N                                    ARM                SERIES1                    360/6/360    6MOLIBORWSJ                           0                                                                             1.00306E+17                          ARM-1
     1103636215                   0             8/1/2011     N                                    ARM                SERIES1                    360/6/360    6MOLIBORWSJ                           0                                                                             1.00306E+17                          ARM-1
     1103636216                   0            11/1/2011     Y                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                          60                                                                             1.00306E+17                          ARM-1
     1103636217                   0            11/1/2011     N                                    ARM                ADAPT0                     360/3/360    6MOLIBORWSJ                           0                                                                             1.00306E+17                          ARM-1
     1103636218                   0            12/1/2011     N                                    ARM                SERIES0                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00306E+17                          ARM-1
     1103636220                   0             9/1/2011     N                                    ARM                SERIES2                    360/5/360    6MOLIBORWSJ                           0                                                                             1.00306E+17                          ARM-1
     1103636221                   0            10/1/2011     Y                                    ARM                SERIES0                    360/4/360    6MOLIBORWSJ                           0                                                                             1.00306E+17                          ARM-1
     1103636223                   0             9/1/2008     N                                    ARM                SERIES1                    360/5/360    6MOLIBORWSJ                           0                                                                             1.00306E+17                          ARM-1
     1103636224                   0            10/1/2008     N                                    ARM                SERIES3                    360/4/360    6MOLIBORWSJ                           0                                                                             1.00306E+17                          ARM-1
     1103636225                   0            11/1/2011     Y                                    ARM                SERIES0                    360/3/360    6MOLIBORWSJ                           0                                                                             1.00306E+17                          ARM-1
     1103636226                   0             9/1/2009     N                                    ARM                SERIES2                    360/5/360    6MOLIBORWSJ                           0                                                                             1.00306E+17                          ARM-1
     1103636233                   0                          N                                    FIXEDRATE          SERIES0                    360/5/360                                          0                                                                             1.00306E+17                          FIX-1
     1103636234                   0                          Y                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                             1.00306E+17                          FIX-1
     1103636247                   0                          N                                    BALLOON            SERIES2                    360/5/360                                          0                                                                             1.00306E+17                          FIX-2
     1103636249                   0                          N                                    BALLOON            SERIES1                    360/5/360                                          0                                                                             1.00306E+17                          FIX-2
     1103636250                   0                          N                                    BALLOON            SERIES1                    360/6/360                                          0                                                                             1.00306E+17                          FIX-2
     1103636251                   0                          N                                    BALLOON            SERIES1                    360/6/360                                          0                                                                             1.00306E+17                          FIX-2
     1103636252                   0                          N                                    BALLOON            SERIES0                    360/5/360                                          0                                                                             1.00306E+17                          FIX-2
     1103636253                   0                          N                                    FIXEDRATE          ADAPT2                     360/5/360                                          0                                                                             1.00306E+17                          FIX-2
     1103636263                   0                          N                                    FIXEDRATE          EXPRESS1                   360/2/360                                          0                                                                             1.00332E+17                          FIX-1
     1103636323                   0            12/1/2011     N                                    ARM                SERIES0                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00122E+17                          ARM-1
     1103636348                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00175E+17                          ARM-1
     1103636394                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00056E+17                          ARM-1
     1103636421                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                             1.00079E+17                          FIX-1
     1103636423                   0             3/1/2007     N                                    ARM-INTONLY        ADAPT0                    360/11/360    1YLIBOR                             120                                                                                                                  ARM-1
     1103636424                   0             9/1/2007     N                                    ARM-INTONLY        ADAPT0                     360/5/360    1YLIBOR                             120                                                                             1.00024E+17                          ARM-1
     1103636426                   0            11/1/2009     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00024E+17                          ARM-1
     1103636427                   0            11/1/2009     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00024E+17                          ARM-1
     1103636428                   0            11/1/2009     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00024E+17                          ARM-1
     1103636429                   0            12/1/2007     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00024E+17                          ARM-1
     1103636430                   0            10/1/2008     N                                    ARM-INTONLY        SERIES1                    360/4/360    6MOLIBORWSJ                         120                                                                             1.00307E+17                          ARM-1
     1103636431                   0            11/1/2008     N                                    ARM-INTONLY        ADAPT0                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00024E+17                          ARM-1
     1103636432                   0            12/1/2008     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00024E+17                          ARM-1
     1103636433                   0            11/1/2009     N                                    ARM-INTONLY        ADAPT1                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00024E+17                          ARM-1
     1103636434                   0            11/1/2009     N                                    ARM                ADAPT1                     360/3/360    6MOLIBORWSJ                           0                                                                             1.00024E+17                          ARM-1
     1103636435                   0            11/1/2009     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00024E+17                          ARM-1
     1103636436                   0            11/1/2009     N                                    ARM-INTONLY        ADAPT2                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00024E+17                          ARM-1
     1103636437                   0            11/1/2009     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00024E+17                          ARM-1
     1103636439                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00024E+17                          ARM-1
     1103636440                   0            11/1/2009     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00024E+17                          ARM-1
     1103636441                   0            11/1/2009     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00024E+17                          ARM-1
     1103636442                   0            11/1/2009     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00024E+17                          ARM-1
     1103636443                   0            11/1/2009     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00024E+17                          ARM-1
     1103636444                   0            11/1/2009     N                                    ARM                EXPRESS1                   360/3/360    6MOLIBORWSJ                           0                                                                             1.00024E+17                          ARM-1
     1103636445                   0            11/1/2009     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00024E+17                          ARM-1
     1103636446                   0            11/1/2009     N                                    ARM-INTONLY        ADAPT1                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00024E+17                          ARM-1
     1103636447                   0            11/1/2009     N                                    ARM-INTONLY        ADAPT1                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00024E+17                          ARM-1
     1103636450                   0            12/1/2009     N                                    ARM-INTONLY        ADAPT1                     360/2/360    6MOLIBORWSJ                         120                                                                             1.00024E+17                          ARM-1
     1103636451                   0            12/1/2009     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00024E+17                          ARM-1
     1103636452                   0            12/1/2009     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00024E+17                          ARM-1
     1103636461                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                          60                                                                             1.00056E+17                          ARM-1
     1103636507                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                              1.0036E+17                          FIX-1
     1103636522                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103636556                   0             1/1/2010     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103636603                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                             1.00079E+17                          FIX-1
     1103636670                   0                          N                                    BALLOON            SERIES1                    480/2/480                                          0                                                                             1.00453E+17                          FIX-1
     1103636673                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00399E+17                          ARM-1
     1103636678                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                             1.00079E+17                          FIX-1
     1103636685                   0                          N                                    FIXEDRATE          SERIES1                    360/2/360                                          0                                                                             1.00062E+17                          FIX-1
     1103636752                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103636762                   0                          N                                    FIX-INTONLY        SERIES0                    360/2/360                                        120                                                                             1.00467E+17                          FIX-1
     1103636764                   0            12/1/2013     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00079E+17                          ARM-1
     1103636765                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103636797                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103636804                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                              1.0036E+17                          FIX-2
     1103636865                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00317E+17                          ARM-1
     1103636916                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                             1.00366E+17                          FIX-1
     1103636922                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                         60                                                                             1.00096E+17                          FIX-1
     1103636937                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                              1.0036E+17                          ARM-1
     1103636938                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                             1.00434E+17                          FIX-1
     1103636939                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103636950                   0            12/1/2008     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103636993                   0             1/1/2014     N                                    ARM-INTONLY        EXPRESS2                   360/1/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103637039                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103637085                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00364E+17                          ARM-1
     1103637118                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                              1.0036E+17                          FIX-2
     1103637121                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103637122                   0            12/1/2011     Y                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103637125                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00037E+17                          ARM-1
     1103637126                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00037E+17                          ARM-1
     1103637127                   0            11/1/2009     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00037E+17                          ARM-1
     1103637128                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00037E+17                          ARM-1
     1103637129                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00037E+17                          ARM-1
     1103637130                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00037E+17                          ARM-1
     1103637131                   0            12/1/2009     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00037E+17                          ARM-1
     1103637132                   0            12/1/2009     N                                    ARM                SERIES0                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00037E+17                          ARM-1
     1103637133                   0            12/1/2009     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00037E+17                          ARM-1
     1103637134                   0            12/1/2009     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00037E+17                          ARM-1
     1103637136                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00037E+17                          ARM-1
     1103637138                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00037E+17                          ARM-1
     1103637140                   0            11/1/2009     N                                    ARM                SERIES0                    360/3/360    6MOLIBORWSJ                           0                                                                             1.00037E+17                          ARM-1
     1103637141                   0            11/1/2009     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00037E+17                          ARM-1
     1103637142                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                              60                                                                             1.00037E+17                          ARM-1
     1103637143                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00037E+17                          ARM-1
     1103637144                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00037E+17                          ARM-1
     1103637146                   0            12/1/2016     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00037E+17                          ARM-1
     1103637148                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00253E+17                          ARM-1
     1103637150                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                              60                                                                             1.00197E+17                          ARM-1
     1103637151                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                              60                                                                             1.00197E+17                          ARM-1
     1103637152                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                              60                                                                             1.00197E+17                          ARM-1
     1103637153                   0            11/1/2011     N                                    ARM                ADAPT0                     360/3/360    1YLIBOR                               0                                                                             1.00197E+17                          ARM-1
     1103637154                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                              60                                                                             1.00197E+17                          ARM-1
     1103637155                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                              60                                                                             1.00197E+17                          ARM-1
     1103637156                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                              60                                                                             1.00197E+17                          ARM-1
     1103637158                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                              60                                                                             1.00197E+17                          ARM-1
     1103637159                   0            11/1/2011     N                                    ARM                ADAPT3                     360/3/360    1YLIBOR                               0                                                                             1.00197E+17                          ARM-1
     1103637160                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/3/360    1YLIBOR                              60                                                                             1.00197E+17                          ARM-1
     1103637161                   0            11/1/2011     N                                    ARM                ADAPT2                     360/3/360    1YLIBOR                               0                                                                             1.00197E+17                          ARM-1
     1103637163                   0            11/1/2011     N                                    ARM                ADAPT0                     360/3/360    1YLIBOR                               0                                                                             1.00197E+17                          ARM-1
     1103637165                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                              60                                                                             1.00197E+17                          ARM-1
     1103637167                   0            11/1/2013     N                                    ARM                ADAPT0                     360/3/360    1YLIBOR                               0                                                                             1.00197E+17                          ARM-1
     1103637168                   0            11/1/2013     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                              84                                                                             1.00197E+17                          ARM-1
     1103637169                   0            11/1/2011     N                                    ARM                ADAPT1                     360/3/360    1YLIBOR                               0                                                                             1.00197E+17                          ARM-1
     1103637170                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                              60                                                                             1.00197E+17                          ARM-1
     1103637171                   0            11/1/2011     N                                    ARM                ADAPT0                     360/3/360    1YLIBOR                               0                                                                             1.00197E+17                          ARM-1
     1103637172                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                              60                                                                             1.00197E+17                          ARM-1
     1103637173                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/3/360    1YLIBOR                              60                                                                             1.00197E+17                          ARM-1
     1103637174                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                              60                                                                             1.00197E+17                          ARM-1
     1103637175                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                              60                                                                             1.00197E+17                          ARM-1
     1103637176                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                              60                                                                             1.00197E+17                          ARM-1
     1103637179                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/2/360    6MOLIBORWSJ                         120                                                                              1.0036E+17                          ARM-1
     1103637182                   0                          N                                    FIXEDRATE          SERIES1                    360/2/360                                          0                                                                             1.00197E+17                          FIX-1
     1103637183                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                             1.00197E+17                          FIX-1
     1103637184                   0                          N                                    FIXEDRATE          SERIES0                    240/2/240                                          0                                                                             1.00197E+17                          FIX-1
     1103637185                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                             1.00197E+17                          FIX-1
     1103637186                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                             1.00197E+17                          FIX-1
     1103637187                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                             1.00197E+17                          FIX-1
     1103637188                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                             1.00197E+17                          FIX-1
     1103637189                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                             1.00197E+17                          FIX-1
     1103637190                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                             1.00197E+17                          FIX-1
     1103637191                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                             1.00197E+17                          FIX-1
     1103637192                   0                          N                                    FIX-INTONLY        SERIES1                    360/3/360                                        120                                                                             1.00197E+17                          FIX-1
     1103637193                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                             1.00197E+17                          FIX-1
     1103637195                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                             1.00197E+17                          FIX-1
     1103637197                   0                          N                                    FIXEDRATE          SERIES3                    360/3/360                                          0                                                                             1.00197E+17                          FIX-1
     1103637198                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                             1.00197E+17                          FIX-1
     1103637199                   0                          N                                    FIXEDRATE          SERIES1                    360/2/360                                          0                                                                             1.00197E+17                          FIX-1
     1103637200                   0                          N                                    FIX-INTONLY        EXPRESS2                   360/2/360                                        120                                                                             1.00197E+17                          FIX-1
     1103637201                   0                          N                                    FIXEDRATE          SERIES2                    360/2/360                                          0                                                                             1.00197E+17                          FIX-1
     1103637202                   0                          N                                    FIXEDRATE          EXPRESS1+                  360/3/360                                          0                                                                             1.00197E+17                          FIX-1
     1103637203                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                             1.00197E+17                          FIX-1
     1103637204                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                             1.00197E+17                          FIX-1
     1103637205                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                             1.00197E+17                          FIX-1
     1103637206                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                             1.00197E+17                          FIX-1
     1103637212                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00302E+17                          ARM-1
     1103637219                   0                          N                                    BALLOON            SERIES1                    480/1/480                                          0                                                                              1.0036E+17                          FIX-1
     1103637240                   0                          N                                    BALLOON            SERIES1                    480/1/480                                          0                                                                              1.0036E+17                          FIX-1
     1103637252                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                              1.0029E+17                          ARM-1
     1103637259                   0            10/1/2009     N                                    ARM                SERIES1                    360/4/360    6MOLIBORWSJ                           0                                                                             1.00091E+17                          ARM-1
     1103637260                   0            10/1/2008     N                                    ARM-INTONLY        SERIES0                    360/4/360    6MOLIBORWSJ                         120                                                                             1.00091E+17                          ARM-1
     1103637265                   0             8/1/2009     N                                    ARM-INTONLY        SERIES0                    360/6/360    6MOLIBORWSJ                         120                                                                             1.00091E+17                          ARM-1
     1103637268                   0            10/1/2009     N                                    ARM-INTONLY        SERIES0                    360/4/360    6MOLIBORWSJ                         120                                                                             1.00091E+17                          ARM-1
     1103637269                   0             9/1/2009     N                                    ARM-INTONLY        SERIES1                    360/5/360    6MOLIBORWSJ                         120                                                                             1.00091E+17                          ARM-1
     1103637270                   0            11/1/2009     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00091E+17                          ARM-1
     1103637271                   0            10/1/2009     N                                    ARM-INTONLY        EXPRESS2                   360/4/360    6MOLIBORWSJ                         120                                                                             1.00091E+17                          ARM-1
     1103637273                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00091E+17                          ARM-1
     1103637274                   0            11/1/2009     N                                    ARM                SERIES1                    360/3/360    6MOLIBORWSJ                           0                                                                             1.00091E+17                          ARM-1
     1103637282                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                              1.0036E+17                          FIX-2
     1103637292                   0                          N                                    FIXEDRATE          ADAPT1                     120/2/120                                          0                                                                                                                  FIX-1
     1103637293                1.29                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637294                0.72                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                             1.00024E+17                          FIX-1
     1103637295                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                                                                  FIX-1
     1103637296                1.29                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637297                   0                          N                                    FIX-INTONLY        SERIES0                    360/2/360                                        120                                                                                                                  FIX-1
     1103637298                1.39                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                                                                  FIX-1
     1103637299                   0                          N                                    FIXEDRATE          SERIES0                    180/3/180                                          0                                                                                                                  FIX-1
     1103637301                   0                          N                                    FIXEDRATE          SERIES0                    180/3/180                                          0                                                                                                                  FIX-1
     1103637303                   0                          N                                    FIXEDRATE          SERIES0                    180/2/180                                          0                                                                                                                  FIX-1
     1103637304                   0                          N                                    FIXEDRATE          SERIES0                    180/3/180                                          0                                                                                                                  FIX-1
     1103637305                   0                          N                                    FIXEDRATE          SERIES0                    180/3/180                                          0                                                                             1.00162E+17                          FIX-1
     1103637306                   0                          N                                    FIXEDRATE          SERIES0                    180/3/180                                          0                                                                                                                  FIX-1
     1103637307                   0                          N                                    FIXEDRATE          SERIES0                    180/3/180                                          0                                                                                                                  FIX-1
     1103637308                   0                          N                                    FIXEDRATE          SERIES0                    180/3/180                                          0                                                                                                                  FIX-1
     1103637310                   0                          N                                    FIXEDRATE          SERIES0                    180/3/180                                          0                                                                                                                  FIX-1
     1103637311                   0                          N                                    FIXEDRATE          SERIES0                    180/4/180                                          0                                                                             1.00024E+17                          FIX-1
     1103637312                   0                          N                                    FIXEDRATE          SERIES0                    180/3/180                                          0                                                                                                                  FIX-1
     1103637313                   0                          N                                    FIXEDRATE          SERIES0                    180/2/180                                          0                                                                                                                  FIX-1
     1103637314                   0                          N                                    FIXEDRATE          SERIES0                    180/3/180                                          0                                                                             1.00024E+17                          FIX-1
     1103637315                   0                          N                                    FIXEDRATE          SERIES0                    180/3/180                                          0                                                                             1.00024E+17                          FIX-1
     1103637316                   0                          N                                    FIXEDRATE          SERIES0                    180/2/180                                          0                                                                                                                  FIX-1
     1103637317                   0                          N                                    FIXEDRATE          SERIES0                    180/3/180                                          0                                                                             1.00024E+17                          FIX-1
     1103637318                   0                          N                                    FIXEDRATE          SERIES0                    240/3/240                                          0                                                                                                                  FIX-1
     1103637319                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637320                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637321                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                                                                  FIX-1
     1103637322                   0                          N                                    FIXEDRATE          SERIES0                    360/6/360                                          0                                                                             1.00024E+17                          FIX-1
     1103637323                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637324                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637325                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                             1.00024E+17                          FIX-1
     1103637326                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637327                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                             1.00024E+17                          FIX-1
     1103637328                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637329                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637330                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637331                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637332                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637333                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637334                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637336                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637337                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637338                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                             1.00024E+17                          FIX-1
     1103637339                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637340                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637341                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637342                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637343                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637344                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                             1.00024E+17                          FIX-1
     1103637345                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637346                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637347                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                             1.00024E+17                          FIX-1
     1103637348                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637349                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637350                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637351                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637352                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                             1.00024E+17                          FIX-1
     1103637353                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637354                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637355                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637356                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637357                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
     1103637358                   0                          N                                    FIXEDRATE          SERIES0                    360/3/360                                          0                                                                                                                  FIX-1
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     1103637567                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                                                                  FIX-1
     1103637568                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                                                                  FIX-1
     1103637569                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                                                                  FIX-1
     1103637571                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                                                                  FIX-1
     1103637572                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                                                                  FIX-1
     1103637573                   0                          N                                    FIX-INTONLY        SERIES0                    360/2/360                                        120                                                                                                                  FIX-1
     1103637574                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                                                                  FIX-1
     1103637575                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                             1.00024E+17                          FIX-1
     1103637576                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                                                                  FIX-1
     1103637577                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                                                                  FIX-1
     1103637578                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                                                                  FIX-1
     1103637579                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                                                                  FIX-1
     1103637580                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                                                                  FIX-1
     1103637581                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                                                                  FIX-1
     1103637582                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                                                                  FIX-1
     1103637583                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                                                                  FIX-1
     1103637584                   0                          N                                    FIX-INTONLY        SERIES0                    360/5/360                                        120                                                                             1.00024E+17                          FIX-1
     1103637585                   0                          N                                    FIX-INTONLY        SERIES0                    360/2/360                                        120                                                                                                                  FIX-1
     1103637586                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                                                                  FIX-1
     1103637587                   0                          N                                    FIX-INTONLY        SERIES0                    360/3/360                                        120                                                                                                                  FIX-1
     1103637588                   0                          N                                    FIXEDRATE          SERIES1                    180/3/180                                          0                                                                                                                  FIX-1
     1103637589                   0                          N                                    FIXEDRATE          SERIES1                    360/3/360                                          0                                                                             1.00024E+17                          FIX-1
     1103637590                   0                          N                                    FIXEDRATE          SERIES1                    360/3/360                                          0                                                                                                                  FIX-1
     1103637591                   0                          N                                    FIXEDRATE          SERIES1                    360/2/360                                          0                                                                                                                  FIX-1
     1103637592                   0                          N                                    FIXEDRATE          SERIES1                    360/2/360                                          0                                                                             1.00024E+17                          FIX-1
     1103637593                   0                          N                                    FIXEDRATE          SERIES1                    360/3/360                                          0                                                                             1.00024E+17                          FIX-1
     1103637594                   0                          N                                    FIXEDRATE          SERIES1                    360/4/360                                          0                                                                             1.00437E+17                          FIX-1
     1103637595                   0                          N                                    FIXEDRATE          SERIES1                    360/3/360                                          0                                                                                                                  FIX-1
     1103637596                   0                          N                                    FIXEDRATE          SERIES1                    360/3/360                                          0                                                                                                                  FIX-1
     1103637597                   0                          N                                    FIXEDRATE          SERIES1                    360/2/360                                          0                                                                                                                  FIX-1
     1103637598                   0                          N                                    FIXEDRATE          SERIES1                    360/3/360                                          0                                                                                                                  FIX-1
     1103637600                   0                          N                                    FIXEDRATE          SERIES1                    360/3/360                                          0                                                                                                                  FIX-1
     1103637601                   0                          N                                    FIXEDRATE          SERIES1                    360/3/360                                          0                                                                                                                  FIX-1
     1103637602                   0                          N                                    FIXEDRATE          SERIES1                    360/3/360                                          0                                                                                                                  FIX-1
     1103637603                   0                          N                                    FIXEDRATE          SERIES1                    360/3/360                                          0                                                                             1.00024E+17                          FIX-1
     1103637604                   0                          N                                    FIXEDRATE          SERIES1                    360/3/360                                          0                                                                                                                  FIX-1
     1103637605                   0                          N                                    FIXEDRATE          SERIES1                    360/3/360                                          0                                                                                                                  FIX-1
     1103637606                   0                          N                                    FIXEDRATE          SERIES1                    360/5/360                                          0                                                                                                                  FIX-1
     1103637607                0.58                          N                                    FIX-INTONLY        SERIES1                    360/3/360                                        120                                                                             1.00024E+17                          FIX-1
     1103637608                   0                          N                                    FIX-INTONLY        SERIES1                    360/2/360                                        120                                                                                                                  FIX-1
     1103637609                   0                          N                                    FIX-INTONLY        SERIES1                    360/3/360                                        120                                                                             1.00024E+17                          FIX-1
     1103637610                   0                          N                                    FIX-INTONLY        SERIES1                    360/3/360                                        120                                                                                                                  FIX-1
     1103637611                   0                          N                                    FIX-INTONLY        SERIES1                    360/2/360                                        120                                                                                                                  FIX-1
     1103637612                   0                          N                                    FIX-INTONLY        SERIES1                    360/3/360                                        120                                                                                                                  FIX-1
     1103637613                   0                          N                                    FIX-INTONLY        SERIES1                    360/2/360                                        120                                                                                                                  FIX-1
     1103637614                   0                          N                                    FIX-INTONLY        SERIES1                    360/2/360                                        120                                                                             1.00024E+17                          FIX-1
     1103637615                   0                          N                                    FIX-INTONLY        SERIES1                    360/3/360                                        120                                                                             1.00024E+17                          FIX-1
     1103637616                   0                          N                                    FIX-INTONLY        SERIES1                    360/3/360                                        120                                                                                                                  FIX-1
     1103637617                   0                          N                                    FIX-INTONLY        SERIES1                    360/3/360                                        120                                                                                                                  FIX-1
     1103637618                   0                          N                                    FIX-INTONLY        SERIES1                    360/2/360                                        120                                                                             1.00024E+17                          FIX-1
     1103637619                   0                          N                                    FIXEDRATE          SERIES2                    360/3/360                                          0                                                                                                                  FIX-1
     1103637620                   0                          N                                    FIXEDRATE          SERIES2                    360/5/360                                          0                                                                                                                  FIX-1
     1103637621                   0                          N                                    FIX-INTONLY        SERIES2                    360/3/360                                        120                                                                             1.00214E+17                          FIX-1
     1103637622                   0                          N                                    FIX-INTONLY        SERIES2                    360/3/360                                        120                                                                                                                  FIX-1
     1103637623                1.54                          N                                    FIXEDRATE          ADAPT0                     360/3/360                                          0                                                                                                                  FIX-1
     1103637624                1.64                          N                                    FIX-INTONLY        ADAPT0                     360/3/360                                        120                                                                                                                  FIX-1
     1103637625                   0                          N                                    FIXEDRATE          ADAPT0                     360/3/360                                          0                                                                                                                  FIX-1
     1103637626                   0                          N                                    FIX-INTONLY        ADAPT0                     360/2/360                                        120                                                                                                                  FIX-1
     1103637627                   0                          N                                    FIXEDRATE          ADAPT1                     360/3/360                                          0                                                                                                                  FIX-1
     1103637628                   0                          N                                    FIXEDRATE          ADAPT1                     360/3/360                                          0                                                                                                                  FIX-1
     1103637629                   0                          N                                    FIX-INTONLY        ADAPT1                     360/3/360                                        120                                                                             1.00024E+17                          FIX-1
     1103637630                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00467E+17                          ARM-1
     1103637636                   0                          N                                    BALLOON            ADAPT0                     360/6/360                                          0                                                                             1.00091E+17                          FIX-2
     1103637657                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00453E+17                          ARM-1
     1103637706                   0                          N                                    FIXEDRATE          SERIES1                    360/1/360                                          0                                                                             1.00176E+17                          FIX-1
     1103637736                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00122E+17                          ARM-1
     1103637759                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                        120                                                                              1.0036E+17                          FIX-1
     1103637769                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                              1.0036E+17                          FIX-2
     1103637790                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00094E+17                          ARM-1
     1103637803                   0                          N                                    FIX-INTONLY        EXPRESS1+                  360/1/360                                        120                                                                             1.00096E+17                          FIX-1
     1103637814                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00197E+17                          FIX-2
     1103637816                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00197E+17                          FIX-2
     1103637817                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00197E+17                          FIX-2
     1103637866                   0                          N                                    FIX-INTONLY        SERIES0                    360/4/360                                         60                                                                             1.00061E+17                          FIX-2
     1103637867                   0                          N                                    BALLOON            ADAPT0                     360/4/360                                          0                                                                             1.00061E+17                          FIX-2
     1103637873                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00306E+17                          ARM-1
     1103637960                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00399E+17                          ARM-1
     1103637961                   0                          N                                    FIX-INTONLY        EXPRESS1+                  360/1/360                                        120                                                                             1.00096E+17                          FIX-1
     1103637966                0.88             1/1/2012     N                                    ARM                EXPRESS1+                  360/1/360    6MOLIBORWSJ                           0                                                                             1.00058E+17                          ARM-1
     1103637985                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00316E+17                          ARM-1
     1103637989                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103638006                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                         60                                                                              1.0036E+17                          FIX-1
     1103638014                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638015                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638016                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638017                   0            12/1/2016     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00142E+17                          ARM-1
     1103638018                   0            12/1/2011     N                                    ARM                SERIES1                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00142E+17                          ARM-1
     1103638019                   0            12/1/2016     N                                    ARM                ADAPT3                     360/2/360    1YLIBOR                               0                                                                             1.00142E+17                          ARM-1
     1103638020                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638021                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638022                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638023                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638024                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638025                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638026                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638028                   0            12/1/2011     N                                    ARM                ADAPT1                     360/2/360    6MOLIBORWSJ                           0                                                                             1.00142E+17                          ARM-1
     1103638029                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638032                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT2                     360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638033                   0            12/1/2011     N                                    ARM                SERIES1                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00142E+17                          ARM-1
     1103638034                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638035                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638036                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638037                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638038                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638039                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638040                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638041                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638042                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638043                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638044                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638047                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638048                   0            12/1/2011     N                                    ARM                ADAPT1                     360/2/360    6MOLIBORWSJ                           0                                                                                                                  ARM-1
     1103638049                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638051                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638052                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638054                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638055                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638056                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638057                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638058                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638061                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638062                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638063                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638064                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638065                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103638084                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                              1.0036E+17                          ARM-1
     1103638087                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                              1.0036E+17                          FIX-2
     1103638138                   0            11/1/2011     N                                    ARM                ADAPT0                     360/3/360    1YLIBOR                               0                                                                             1.00074E+17                          ARM-1
     1103638139                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638140                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638141                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638142                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638143                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638145                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638146                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638147                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638148                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638149                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638150                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638151                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638153                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638154                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638155                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638157                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638158                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638159                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638161                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638162                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638163                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638164                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638165                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                               1.004E+17                          ARM-1
     1103638166                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638167                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638169                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638170                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638171                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638172                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638173                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638174                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638179                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638180                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638181                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103638202                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638203                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638205                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638206                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638207                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638208                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638209                   0            11/1/2011     N                                    ARM                EXPRESS1+                  360/3/360    6MOLIBORWSJ                           0                                                                             1.00183E+17                          ARM-1
     1103638210                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638211                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638212                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638213                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638214                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638215                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638216                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638217                   0            11/1/2011     N                                    ARM                SERIES0                    360/3/360    6MOLIBORWSJ                           0                                                                             1.00183E+17                          ARM-1
     1103638218                   0            11/1/2011     N                                    ARM                SERIES0                    360/3/360    6MOLIBORWSJ                           0                                                                             1.00183E+17                          ARM-1
     1103638219                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638220                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638221                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638222                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638223                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638224                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638225                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638226                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638227                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638229                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638230                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638231                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638232                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638233                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT2                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638235                   0            11/1/2011     N                                    ARM                EXPRESS1+                  360/3/360    6MOLIBORWSJ                           0                                                                             1.00183E+17                          ARM-1
     1103638236                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638237                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638238                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638239                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638240                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638241                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00183E+17                          ARM-1
     1103638268                1.21            12/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103638269                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103638273                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00317E+17                          ARM-1
     1103638289                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                             1.00361E+17                          FIX-1
     1103638291                   0             1/1/2014     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                              1.0036E+17                          ARM-1
     1103638337                   0             9/1/2008     N                                    BALLOON            SERIES2                    480/5/480    6MOLIBORWSJ                           0                                                                             1.00061E+17                          ARM-1
     1103638342                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00175E+17                          ARM-1
     1103638385                   0                          N                                    FIX-INTONLY        SERIES1                    360/2/360                                         60                                                                             1.00145E+17                          FIX-1
     1103638395                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103638396                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00078E+17                          FIX-2
     1103638429                   0             1/1/2014     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00158E+17                          ARM-1
     1103638449                   0                          N                                    BALLOON            ADAPT0                     360/6/360                                          0                                                                             1.00091E+17                          FIX-2
     1103638487                   0             1/1/2012     N                                    ARM                SERIES0                    360/1/360    6MOLIBORWSJ                           0                                                                              1.0036E+17                          ARM-1
     1103638527                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00467E+17                          ARM-1
     1103638580                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                        120                                                                             1.00302E+17                          FIX-1
     1103638607                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00212E+17                          ARM-1
     1103638608                   0            11/1/2011     N                                    ARM                ADAPT0                     360/3/360    6MOLIBORWSJ                           0                                                                             1.00212E+17                          ARM-1
     1103638609                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00212E+17                          ARM-1
     1103638610                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00212E+17                          ARM-1
     1103638611                   0            11/1/2009     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00212E+17                          ARM-1
     1103638612                   0            11/1/2011     N                                    ARM                SERIES1                    360/3/360    6MOLIBORWSJ                           0                                                                             1.00212E+17                          ARM-1
     1103638613                   0            11/1/2011     N                                    ARM                SERIES1                    360/3/360    6MOLIBORWSJ                           0                                                                             1.00212E+17                          ARM-1
     1103638614                   0            11/1/2011     N                                    ARM                SERIES0                    360/3/360    6MOLIBORWSJ                           0                                                                             1.00212E+17                          ARM-1
     1103638616                   0            11/1/2009     N                                    ARM                EXPRESS2                   360/3/360    6MOLIBORWSJ                           0                                                                             1.00212E+17                          ARM-1
     1103638618                   0            11/1/2011     N                                    ARM                SERIES1                    360/3/360    6MOLIBORWSJ                           0                                                                             1.00212E+17                          ARM-1
     1103638619                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00212E+17                          ARM-1
     1103638622                   0            12/1/2011     N                                    ARM                EXPRESS1+                  360/2/360    6MOLIBORWSJ                           0                                                                             1.00212E+17                          ARM-1
     1103638624                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00212E+17                          ARM-1
     1103638625                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    6MOLIBORWSJ                         120                                                                             1.00212E+17                          ARM-1
     1103638626                   0            11/1/2009     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                          60                                                                             1.00212E+17                          ARM-1
     1103638627                   0            11/1/2011     N                                    ARM                ADAPT0                     360/3/360    6MOLIBORWSJ                           0                                                                             1.00212E+17                          ARM-1
     1103638631                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103638637                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00122E+17                          ARM-1
     1103638694                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103638723                   0             1/1/2012     N                                    ARM                EXPRESS1                   360/1/360    6MOLIBORWSJ                           0                                                                             1.00185E+17                          ARM-1
     1103638730                   0             1/1/2012     N                                    ARM-INTONLY        EXPRESS1+                  360/1/360    6MOLIBORWSJ                          60                                                                                                                  ARM-1
     1103638747                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                             1.00478E+17                          FIX-1
     1103638754                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00478E+17                          FIX-2
     1103638759                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00364E+17                          ARM-1
     1103638784                   0             1/1/2012     N                                    ARM                SERIES0                    360/1/360    6MOLIBORWSJ                           0                                                                             1.00158E+17                          ARM-1
     1103638804                   0                          N                                    FIXEDRATE          EXPRESS1                   360/1/360                                          0                                                                             1.00175E+17                          FIX-1
     1103638808                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                              1.0013E+17                          ARM-1
     1103638814                   0                          N                                    FIX-INTONLY        SERIES0                    360/2/360                                        120                                                                             1.00104E+17                          FIX-1
     1103638833                   0             1/1/2012     N                                    ARM-INTONLY        EXPRESS1                   360/1/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103638862                   0            12/1/2013     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638863                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638864                   0            12/1/2009     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638865                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                              60                                                                             1.00136E+17                          ARM-1
     1103638866                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638867                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638868                   0            12/1/2011     N                                    BALLOON            SERIES0                    480/2/480    6MOLIBORWSJ                           0                                                                             1.00136E+17                          ARM-1
     1103638869                   0            12/1/2013     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638870                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638871                   0            12/1/2009     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638872                   0            12/1/2011     N                                    ARM                SERIES0                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00136E+17                          ARM-1
     1103638873                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                              60                                                                             1.00136E+17                          ARM-1
     1103638874                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                              60                                                                             1.00136E+17                          ARM-1
     1103638875                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                              60                                                                             1.00136E+17                          ARM-1
     1103638876                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                              60                                                                             1.00136E+17                          ARM-1
     1103638877                   0            12/1/2009     N                                    ARM                SERIES0                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00136E+17                          ARM-1
     1103638878                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638879                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638880                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638881                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638882                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                              60                                                                             1.00136E+17                          ARM-1
     1103638883                   0            12/1/2011     N                                    BALLOON            SERIES0                    480/2/480    6MOLIBORWSJ                           0                                                                             1.00136E+17                          ARM-1
     1103638884                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638885                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638886                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638887                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                              60                                                                             1.00136E+17                          ARM-1
     1103638888                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                              60                                                                             1.00136E+17                          ARM-1
     1103638889                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638890                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638891                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638892                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638893                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                              60                                                                             1.00136E+17                          ARM-1
     1103638894                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638895                   0            12/1/2009     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638896                   0            12/1/2013     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638897                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638898                   0            10/1/2013     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                              84                                                                             1.00136E+17                          ARM-1
     1103638899                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                              60                                                                             1.00136E+17                          ARM-1
     1103638900                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                              60                                                                             1.00136E+17                          ARM-1
     1103638901                   0            12/1/2013     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                              84                                                                             1.00136E+17                          ARM-1
     1103638902                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                              60                                                                             1.00136E+17                          ARM-1
     1103638903                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                              60                                                                             1.00136E+17                          ARM-1
     1103638907                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00175E+17                          ARM-1
     1103638910                   0            12/1/2016     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00136E+17                          ARM-1
     1103638911                   0            12/1/2013     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638912                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638913                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638914                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                              60                                                                             1.00136E+17                          ARM-1
     1103638915                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638916                   0            12/1/2013     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638917                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                              60                                                                             1.00136E+17                          ARM-1
     1103638918                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638919                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638920                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638921                   0            12/1/2009     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638922                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638923                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                              60                                                                             1.00136E+17                          ARM-1
     1103638924                   0            12/1/2016     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638926                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638927                   0            11/1/2013     N                                    ARM-INTONLY        ADAPT1                     360/3/360    1YLIBOR                              84                                                                             1.00136E+17                          ARM-1
     1103638928                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638929                   0            12/1/2011     N                                    ARM                SERIES1                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00136E+17                          ARM-1
     1103638930                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                              60                                                                             1.00136E+17                          ARM-1
     1103638931                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638932                   0            12/1/2013     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                              84                                                                             1.00136E+17                          ARM-1
     1103638933                   0            12/1/2016     N                                    ARM                ADAPT1                     360/2/360    1YLIBOR                               0                                                                             1.00136E+17                          ARM-1
     1103638934                   0            12/1/2013     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                              84                                                                             1.00136E+17                          ARM-1
     1103638935                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                              60                                                                             1.00136E+17                          ARM-1
     1103638936                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/3/360    1YLIBOR                              60                                                                             1.00136E+17                          ARM-1
     1103638937                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00136E+17                          ARM-1
     1103638938                   0            11/1/2013     N                                    ARM-INTONLY        ADAPT2                     360/3/360    1YLIBOR                              84                                                                             1.00136E+17                          ARM-1
     1103638939                   0            12/1/2009     N                                    BALLOON            SERIES2                    480/2/480    6MOLIBORWSJ                           0                                                                             1.00136E+17                          ARM-1
     1103638954                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00122E+17                          ARM-1
     1103638976                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00176E+17                          ARM-1
     1103638986                   0                          N                                    FIXEDRATE          A+                         360/2/360                                          0                                                                             1.00176E+17                          FIX-2
     1103639022                   0             1/1/2014     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00094E+17                          ARM-1
     1103639050                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                             1.00399E+17                          FIX-1
     1103639066                   0                          N                                    FIX-INTONLY        EXPRESS1+                  360/1/360                                        120                                                                              1.0036E+17                          FIX-1
     1103639071                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                                                                  ARM-1
     1103639115                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00364E+17                          FIX-2
     1103639173                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00364E+17                          FIX-2
     1103639182                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                              60                                                                             1.00096E+17                          ARM-1
     1103639184                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103639185                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103639187                   0            12/1/2011     N                                    ARM                SERIES1                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00096E+17                          ARM-1
     1103639188                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103639189                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103639190                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT2                     360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103639191                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103639193                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103639196                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT2                     360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103639197                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103639198                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103639199                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103639201                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103639202                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103639203                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103639205                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103639206                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103639207                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103639208                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103639209                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103639210                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103639216                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00364E+17                          ARM-1
     1103639220                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00364E+17                          FIX-2
     1103639222                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00099E+17                          ARM-1
     1103639223                   0                          N                                    BALLOON            SERIES1                    360/1/360                                          0                                                                             1.00099E+17                          FIX-2
     1103639266                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00364E+17                          ARM-1
     1103639267                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00364E+17                          FIX-2
     1103639275                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00364E+17                          ARM-1
     1103639283                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00364E+17                          FIX-2
     1103639344                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                        120                                                                             1.00097E+17                          FIX-1
     1103639397                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                        120                                                                             1.00097E+17                          FIX-1
     1103639419                0.72             1/1/2012     N                                    ARM                SERIES0                    360/1/360    6MOLIBORWSJ                           0                                                                                                                  ARM-1
     1103639443                   0             1/1/2012     Y                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00099E+17                          ARM-1
     1103639466                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00364E+17                          ARM-1
     1103639472                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00364E+17                          FIX-2
     1103639509                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639510                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639511                   0            12/1/2011     N                                    ARM                SERIES1                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00142E+17                          ARM-1
     1103639513                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639515                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639517                   0            12/1/2011     N                                    ARM-INTONLY        SERIES2                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639518                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639519                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639520                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639521                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639524                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639525                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639527                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639529                   0            12/1/2016     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639530                   0            12/1/2011     N                                    ARM                SERIES1                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00142E+17                          ARM-1
     1103639531                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639532                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639533                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639534                   0            12/1/2011     N                                    ARM                EXPRESS2                   360/2/360    6MOLIBORWSJ                           0                                                                             1.00142E+17                          ARM-1
     1103639535                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639536                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639537                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639538                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639539                   0            12/1/2011     N                                    ARM                EXPRESS1                   360/2/360    6MOLIBORWSJ                           0                                                                             1.00142E+17                          ARM-1
     1103639541                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639542                   0            12/1/2016     N                                    ARM                EXPRESSNODOC2              360/2/360    6MOLIBORWSJ                           0                                                                             1.00142E+17                          ARM-1
     1103639543                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639544                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639545                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639566                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103639569                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/2/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103639570                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/2/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103639574                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103639576                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103639577                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103639578                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/2/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103639581                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                          60                                                                             1.00183E+17                          ARM-1
     1103639594                   0                          N                                    BALLOON            ADAPT1                     360/2/360                                          0                                                                             1.00183E+17                          FIX-2
     1103639624                   0            12/1/2011     N                                    ARM                ADAPT1                     360/2/360    1YLIBOR                               0                                                                             1.00074E+17                          ARM-1
     1103639625                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639626                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639627                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639628                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639629                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639630                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639631                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639632                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639633                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639634                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639635                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/3/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639636                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639637                   0            12/1/2011     N                                    ARM                ADAPT2                     360/2/360    1YLIBOR                               0                                                                             1.00074E+17                          ARM-1
     1103639638                   0            12/1/2011     N                                    ARM                ADAPT0                     360/2/360    1YLIBOR                               0                                                                             1.00074E+17                          ARM-1
     1103639639                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639640                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639641                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639642                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639643                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639644                   0            12/1/2011     N                                    ARM                ADAPT0                     360/2/360    1YLIBOR                               0                                                                             1.00074E+17                          ARM-1
     1103639645                   0            12/1/2011     N                                    ARM                ADAPT1                     360/2/360    1YLIBOR                               0                                                                             1.00074E+17                          ARM-1
     1103639646                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639647                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639648                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639649                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639650                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639651                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639652                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639653                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639654                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639655                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639656                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT2                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639657                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639658                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639659                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT2                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639660                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639661                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639662                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639663                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639664                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639666                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639667                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639668                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639669                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103639675                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639679                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT2                     360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639680                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639682                   0            12/1/2009     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639684                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639685                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00142E+17                          ARM-1
     1103639686                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639687                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639688                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639689                   0            12/1/2009     N                                    ARM                SERIES0                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00142E+17                          ARM-1
     1103639691                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103639727                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00317E+17                          ARM-1
     1103639769                   0             1/1/2014     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                              1.0036E+17                          ARM-1
     1103639778                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00317E+17                          ARM-1
     1103639816                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                             1.00096E+17                          FIX-1
     1103639826                1.09            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00099E+17                          ARM-1
     1103639833                   0             1/1/2012     N                                    ARM                SERIES0                    360/1/360    6MOLIBORWSJ                           0                                                                              1.0036E+17                          ARM-1
     1103639881                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                             1.00097E+17                          FIX-1
     1103639893                   0             1/1/2014     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00448E+17                          ARM-1
     1103639912                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103639918                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103639920                   0             1/1/2010     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103639938                   0                          N                                    FIX-INTONLY        EXPRESS2                   360/4/360                                        120                                                                             1.00063E+17                          FIX-1
     1103639940                   0                          N                                    FIXEDRATE          EXPRESS1                   360/2/360                                          0                                                                             1.00063E+17                          FIX-1
     1103639941                   0                          N                                    BALLOON            EXPRESS1                   480/2/480                                          0                                                                             1.00063E+17                          FIX-1
     1103639942                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                             1.00063E+17                          FIX-1
     1103639944                0.87                          N                                    FIXEDRATE          EXPRESS1                   360/2/360                                          0                                                                             1.00063E+17                          FIX-1
     1103639945                   0                          N                                    FIX-INTONLY        EXPRESS2                   360/2/360                                        120                                                                             1.00197E+17                          FIX-1
     1103639946                   0                          N                                    FIXEDRATE          EXPRESS1                   360/2/360                                          0                                                                             1.00063E+17                          FIX-1
     1103639947                   0                          N                                    FIXEDRATE          EXPRESS1                   360/2/360                                          0                                                                             1.00063E+17                          FIX-1
     1103639948                   0                          N                                    FIX-INTONLY        EXPRESS1                   360/2/360                                        120                                                                             1.00063E+17                          FIX-1
     1103639949                   0                          N                                    FIXEDRATE          EXPRESS2                   360/2/360                                          0                                                                             1.00063E+17                          FIX-1
     1103639950                   0                          N                                    BALLOON            EXPRESS2                   480/2/480                                          0                                                                             1.00063E+17                          FIX-1
     1103639951                   0                          N                                    BALLOON            EXPRESS1                   480/2/480                                          0                                                                             1.00063E+17                          FIX-1
     1103639952                   0                          N                                    BALLOON            EXPRESS2                   480/2/480                                          0                                                                             1.00063E+17                          FIX-1
     1103639953                   0                          N                                    FIXEDRATE          EXPRESS2                   360/2/360                                          0                                                                             1.00063E+17                          FIX-1
     1103639954                   0                          N                                    BALLOON            EXPRESS1                   480/2/480                                          0                                                                             1.00063E+17                          FIX-1
     1103639955                   0                          N                                    FIXEDRATE          EXPRESS2                   360/2/360                                          0                                                                             1.00197E+17                          FIX-1
     1103639956                   0                          N                                    BALLOON            EXPRESS1                   480/2/480                                          0                                                                             1.00063E+17                          FIX-1
     1103639957                   0                          N                                    FIXEDRATE          ADAPT2                     360/2/360                                          0                                                                             1.00063E+17                          FIX-1
     1103639959                1.38                          N                                    BALLOON            ADAPT1                     480/2/480                                          0                                                                             1.00063E+17                          FIX-1
     1103639960                   0                          N                                    FIX-INTONLY        EXPRESS1                   360/2/360                                        120                                                                             1.00197E+17                          FIX-1
     1103639962                   0                          N                                    BALLOON            EXPRESS2                   480/2/480                                          0                                                                             1.00063E+17                          FIX-1
     1103639963                1.59                          N                                    BALLOON            ADAPT3                     480/3/480                                          0                                                                             1.00063E+17                          FIX-1
     1103639965                   0                          N                                    BALLOON            EXPRESS2                   480/3/480                                          0                                                                             1.00063E+17                          FIX-1
     1103639967                0.87                          N                                    BALLOON            SERIES0                    480/3/480                                          0                                                                             1.00063E+17                          FIX-1
     1103639968                   0                          N                                    BALLOON            EXPRESS1                   480/4/480                                          0                                                                             1.00063E+17                          FIX-1
     1103639970                   0                          N                                    BALLOON            EXPRESS1                   480/2/480                                          0                                                                             1.00063E+17                          FIX-1
     1103639971                   0                          N                                    BALLOON            SERIES1                    480/2/480                                          0                                                                             1.00063E+17                          FIX-1
     1103639972                   0                          N                                    BALLOON            SERIES0                    480/2/480                                          0                                                                             1.00063E+17                          FIX-1
     1103639973                   0                          N                                    BALLOON            SERIES0                    480/2/480                                          0                                                                             1.00063E+17                          FIX-1
     1103640007                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00383E+17                          ARM-1
     1103640039                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/2/360    6MOLIBORWSJ                         120                                                                             1.00014E+17                          ARM-1
     1103640040                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00177E+17                          ARM-1
     1103640041                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00014E+17                          ARM-1
     1103640042                   0            11/1/2011     N                                    ARM                ADAPT0                     360/3/360    1YLIBOR                               0                                                                             1.00139E+17                          ARM-1
     1103640043                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00014E+17                          ARM-1
     1103640044                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00014E+17                          ARM-1
     1103640045                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                             1.00059E+17                          ARM-1
     1103640046                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00177E+17                          ARM-1
     1103640047                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00177E+17                          ARM-1
     1103640048                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00177E+17                          ARM-1
     1103640049                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00177E+17                          ARM-1
     1103640050                   0            11/1/2009     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00239E+17                          ARM-1
     1103640051                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.23031E+17                          ARM-1
     1103640052                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00177E+17                          ARM-1
     1103640053                   0            11/1/2011     N                                    ARM                SERIES0                    360/3/360    6MOLIBORWSJ                           0                                                                             1.00014E+17                          ARM-1
     1103640054                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00014E+17                          ARM-1
     1103640055                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00097E+17                          ARM-1
     1103640056                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/2/360    6MOLIBORWSJ                         120                                                                             1.23183E+17                          ARM-1
     1103640057                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00014E+17                          ARM-1
     1103640058                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00144E+17                          ARM-1
     1103640059                   0            12/1/2011     N                                    ARM                ADAPT0                     360/2/360    6MOLIBORWSJ                           0                                                                             1.00014E+17                          ARM-1
     1103640061                   0            11/1/2011     N                                    ARM-INTONLY        SERIES2                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00239E+17                          ARM-1
     1103640062                   0            10/1/2011     N                                    ARM-INTONLY        SERIES0                    360/4/360    6MOLIBORWSJ                         120                                                                             1.23342E+17                          ARM-1
     1103640064                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00097E+17                          ARM-1
     1103640066                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00239E+17                          ARM-1
     1103640067                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00128E+17                          ARM-1
     1103640068                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                              1.0006E+17                          ARM-1
     1103640069                   0            11/1/2011     N                                    ARM-INTONLY        SERIES1                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00099E+17                          ARM-1
     1103640070                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00014E+17                          ARM-1
     1103640072                   0            12/1/2009     N                                    ARM-INTONLY        EXPRESS1+                  360/2/360    6MOLIBORWSJ                         120                                                                             1.00014E+17                          ARM-1
     1103640073                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.23219E+17                          ARM-1
     1103640074                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00014E+17                          ARM-1
     1103640075                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00014E+17                          ARM-1
     1103640076                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00014E+17                          ARM-1
     1103640077                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00014E+17                          ARM-1
     1103640078                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/3/360    1YLIBOR                             120                                                                             1.00059E+17                          ARM-1
     1103640089                   0             1/1/2014     N                                    ARM-INTONLY        EXPRESS2                   360/1/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103640161                   0                          N                                    FIXEDRATE          EXPRESS2                   360/1/360                                          0                                                                              1.0036E+17                          FIX-1
     1103640175                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                         60                                                                             1.00332E+17                          FIX-1
     1103640179                   0                          N                                    FIX-INTONLY        EXPRESS1                   360/1/360                                        120                                                                             1.00434E+17                          FIX-1
     1103640181                   0             1/1/2012     N                                    ARM                EXPRESS1+                  360/1/360    6MOLIBORWSJ                           0                                                                             1.00078E+17                          ARM-1
     1103640210                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103640216                   0                          N                                    FIXEDRATE          SERIES0                    180/1/180                                          0                                                                             1.00365E+17                          FIX-1
     1103640221                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                              1.0036E+17                          FIX-1
     1103640283                   0                          N                                    FIXEDRATE          SERIES1                    360/1/360                                          0                                                                             1.00079E+17                          FIX-1
     1103640284                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00122E+17                          ARM-1
     1103640290                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00122E+17                          FIX-2
     1103640293                   0                          N                                    FIXEDRATE          SERIES0                    180/1/180                                          0                                                                              1.0036E+17                          FIX-1
     1103640317                   0             1/1/2012     N                                    ARM-INTONLY        EXPRESS1                   360/1/360    6MOLIBORWSJ                          60                                                                                                                  ARM-1
     1103640333                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                         60                                                                                                                  FIX-1
     1103640349                   0             1/1/2012     N                                    ARM-INTONLY        EXPRESS2                   360/1/360    6MOLIBORWSJ                          60                                                                                                                  ARM-1
     1103640467                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103640468                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103640469                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103640470                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103640471                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT1                     360/1/360    1YLIBOR                              60                                                                             1.00142E+17                          ARM-1
     1103640472                   0            12/1/2011     N                                    ARM                SERIES0                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00142E+17                          ARM-1
     1103640473                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT2                     360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103640474                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103640476                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103640477                   0            12/1/2011     N                                    ARM                SERIES0                    360/2/360    6MOLIBORWSJ                           0                                                                                                                  ARM-1
     1103640478                   0            12/1/2011     N                                    ARM                SERIES0                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00142E+17                          ARM-1
     1103640480                   0            12/1/2013     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                          84                                                                             1.00142E+17                          ARM-1
     1103640481                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103640482                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103640483                   0             1/1/2012     N                                    ARM-INTONLY        EXPRESS2                   360/1/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103640484                   0            12/1/2011     N                                    ARM                ADAPT1                     360/2/360    1YLIBOR                               0                                                                             1.00142E+17                          ARM-1
     1103640485                   0            12/1/2011     N                                    ARM                ADAPT1                     360/2/360    1YLIBOR                               0                                                                             1.00142E+17                          ARM-1
     1103640486                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/3/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103640498                   0                          N                                    FIXEDRATE          SERIES0                    180/1/180                                          0                                                                             1.00313E+17                          FIX-1
     1103640520                   0             1/1/2010     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                              1.0036E+17                          ARM-1
     1103640545                   0                          N                                    FIXEDRATE          SERIES2                    360/1/360                                          0                                                                             1.00158E+17                          FIX-1
     1103640574                   0             1/1/2012     N                                    ARM                SERIES1                    360/1/360    6MOLIBORWSJ                           0                                                                                                                  ARM-1
     1103640579                   0             1/1/2012     N                                    ARM                SERIES0                    360/1/360    6MOLIBORWSJ                           0                                                                             1.00113E+17                          ARM-1
     1103640611                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                        120                                                                              1.0036E+17                          FIX-1
     1103640614                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                              1.0036E+17                          ARM-1
     1103640623                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                              1.0036E+17                          FIX-2
     1103640673                   0                          N                                    FIXEDRATE          EXPRESS1                   180/2/180                                          0                                                                             1.00096E+17                          FIX-1
     1103640674                   0                          N                                    FIX-INTONLY        ADAPT1                     360/2/360                                        120                                                                             1.00096E+17                          FIX-1
     1103640675                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                             1.00096E+17                          FIX-1
     1103640676                   0                          N                                    FIX-INTONLY        SERIES2                    360/2/360                                        120                                                                             1.00096E+17                          FIX-1
     1103640677                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                             1.00096E+17                          FIX-1
     1103640678                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                             1.00096E+17                          FIX-1
     1103640679                   0                          N                                    FIX-INTONLY        SERIES1                    360/2/360                                        120                                                                             1.00096E+17                          FIX-1
     1103640680                   0                          N                                    FIXEDRATE          SERIES1                    360/2/360                                          0                                                                             1.00096E+17                          FIX-1
     1103640681                   0                          N                                    FIXEDRATE          EXPRESS1                   360/2/360                                          0                                                                             1.00096E+17                          FIX-1
     1103640682                   0                          N                                    FIX-INTONLY        EXPRESS2                   360/2/360                                        120                                                                             1.00096E+17                          FIX-1
     1103640683                   0                          N                                    FIX-INTONLY        SERIES0                    360/2/360                                        120                                                                             1.00096E+17                          FIX-1
     1103640685                   0                          N                                    FIX-INTONLY        EXPRESS1                   360/2/360                                        120                                                                             1.00096E+17                          FIX-1
     1103640686                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                             1.00096E+17                          FIX-1
     1103640687                   0                          N                                    FIXEDRATE          SERIES0                    180/2/180                                          0                                                                             1.00096E+17                          FIX-1
     1103640688                   0                          N                                    FIX-INTONLY        SERIES0                    360/2/360                                        120                                                                             1.00096E+17                          FIX-1
     1103640689                   0                          N                                    FIX-INTONLY        SERIES0                    360/2/360                                        120                                                                             1.00096E+17                          FIX-1
     1103640690                   0                          N                                    FIXEDRATE          SERIES0                    180/1/180                                          0                                                                             1.00383E+17                          FIX-1
     1103640694                   0                          N                                    FIXEDRATE          EXPRESS1+                  180/1/180                                          0                                                                              1.0036E+17                          FIX-1
     1103640696                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                              1.0036E+17                          ARM-1
     1103640757                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640758                   0            12/1/2011     Y                                    ARM-INTONLY        ADAPT2                     360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640759                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT2                     360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640760                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT2                     360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640761                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640763                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT2                     360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640764                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640765                   0            12/1/2013     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640768                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640769                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640771                   0            12/1/2013     N                                    ARM                EXPRESS2                   360/2/360    6MOLIBORWSJ                           0                                                                             1.00187E+17                          ARM-1
     1103640773                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640776                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640777                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640779                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640780                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640781                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640782                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640783                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640785                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640786                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640787                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640788                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640789                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640790                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640791                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640792                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640795                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640796                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640797                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640799                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640802                   0            12/1/2011     N                                    ARM                ADAPT2                     360/2/360    6MOLIBORWSJ                           0                                                                             1.00187E+17                          ARM-1
     1103640804                   0            12/1/2011     N                                    ARM                EXPRESS1+                  360/2/360    6MOLIBORWSJ                           0                                                                             1.00187E+17                          ARM-1
     1103640805                   0            12/1/2011     N                                    ARM                EXPRESS2                   360/2/360    6MOLIBORWSJ                           0                                                                             1.00187E+17                          ARM-1
     1103640807                   0            12/1/2011     N                                    ARM                ADAPT2                     360/2/360    6MOLIBORWSJ                           0                                                                             1.00187E+17                          ARM-1
     1103640808                   0            12/1/2009     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00187E+17                          ARM-1
     1103640809                   0            12/1/2009     N                                    ARM                EXPRESS2                   360/2/360    6MOLIBORWSJ                           0                                                                             1.00187E+17                          ARM-1
     1103640813                   0                          N                                    BALLOON            EXPRESS1+                  480/2/480                                          0                                                                             1.00187E+17                          FIX-1
     1103640814                   0                          N                                    FIXEDRATE          ADAPT0                     360/2/360                                          0                                                                             1.00187E+17                          FIX-1
     1103640815                   0                          N                                    FIXEDRATE          SERIES1                    360/2/360                                          0                                                                             1.00187E+17                          FIX-1
     1103640817                   0                          N                                    FIXEDRATE          SERIES1                    360/2/360                                          0                                                                             1.00187E+17                          FIX-1
     1103640819                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                             1.00187E+17                          FIX-1
     1103640820                   0                          N                                    FIXEDRATE          SERIES1                    360/2/360                                          0                                                                             1.00187E+17                          FIX-1
     1103640821                   0                          N                                    FIXEDRATE          SERIES0                    180/2/180                                          0                                                                             1.00187E+17                          FIX-1
     1103640824                   0                          N                                    BALLOON            EXPRESS1+                  480/2/480                                          0                                                                             1.00187E+17                          FIX-1
     1103640894                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                              1.0036E+17                          FIX-1
     1103640897                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00096E+17                          ARM-1
     1103640921                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00175E+17                          ARM-1
     1103641010                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                                                                  FIX-1
     1103641054                   0                          N                                    FIXEDRATE          EXPRESS1+                  360/2/360                                          0                                                                             1.00366E+17                          FIX-1
     1103641055                   0                          N                                    FIXEDRATE          EXPRESS1+                  360/2/360                                          0                                                                             1.00366E+17                          FIX-1
     1103641056                   0                          N                                    FIXEDRATE          ADAPT0                     360/2/360                                          0                                                                             1.00366E+17                          FIX-1
     1103641057                   0                          N                                    FIXEDRATE          EXPRESS1+                  360/2/360                                          0                                                                             1.00366E+17                          FIX-1
     1103641058                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                             1.00366E+17                          FIX-1
     1103641059                   0                          N                                    FIXEDRATE          SERIES1                    360/2/360                                          0                                                                             1.00366E+17                          FIX-1
     1103641073                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00366E+17                          FIX-2
     1103641081                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103641082                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103641083                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103641084                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103641085                   0            12/1/2011     N                                    ARM                SERIES0                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00096E+17                          ARM-1
     1103641086                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103641087                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103641088                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103641089                   0            11/1/2011     N                                    ARM                SERIES0                    360/3/360    6MOLIBORWSJ                           0                                                                             1.00096E+17                          ARM-1
     1103641090                   0            12/1/2011     N                                    ARM                SERIES1                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00096E+17                          ARM-1
     1103641092                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103641093                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103641094                   0            12/1/2011     N                                    ARM-INTONLY        SERIES2                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103641095                   0            12/1/2011     N                                    ARM                SERIES0                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00096E+17                          ARM-1
     1103641096                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103641097                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103641098                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103641099                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103641100                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103641101                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103641102                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103641103                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103641128                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                        120                                                                             1.00097E+17                          FIX-1
     1103641148                   0            12/1/2011     N                                    ARM                SERIES1                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00142E+17                          ARM-1
     1103641153                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641155                   0            12/1/2016     N                                    ARM-INTONLY        ADAPT0                     360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641157                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641159                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641160                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT3                     360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641161                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641162                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641163                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641164                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641165                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641166                   0            12/1/2011     N                                    ARM                SERIES1                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00142E+17                          ARM-1
     1103641168                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641169                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641170                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641171                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641172                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641173                   0            12/1/2011     N                                    ARM                SERIES0                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00142E+17                          ARM-1
     1103641174                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641175                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641176                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641177                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641178                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641180                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641181                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641183                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641185                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641186                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641187                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641190                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641192                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641193                   0            12/1/2011     N                                    ARM-INTONLY        SERIES2                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641194                   0            12/1/2011     N                                    ARM-INTONLY        SERIES2                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00142E+17                          ARM-1
     1103641230                0.44             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                                                                  ARM-1
     1103641304                   0             1/1/2010     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103641339                   0                          N                                    FIX-INTONLY        SERIES2                    360/1/360                                         60                                                                             1.00434E+17                          FIX-1
     1103641369                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00097E+17                          ARM-1
     1103641411                   0             1/1/2014     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                                                                  ARM-1
     1103641456                   0                          N                                    FIXEDRATE          EXPRESS1                   360/1/360                                          0                                                                             1.00063E+17                          FIX-1
     1103641480                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00109E+17                          ARM-1
     1103641486                   0             1/1/2012     N                                    ARM-INTONLY        EXPRESS1                   360/1/360    6MOLIBORWSJ                          60                                                                             1.00173E+17                          ARM-1
     1103641539                   0                          N                                    FIXEDRATE          SERIES1                    360/1/360                                          0                                                                                                                  FIX-1
     1103641542                   0                          N                                    FIXEDRATE          EXPRESS1+                  360/1/360                                          0                                                                             1.00078E+17                          FIX-1
     1103641559                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00175E+17                          ARM-1
     1103641600                   0                          N                                    FIXEDRATE          EXPRESS1+                  360/2/360                                          0                                                                             1.00037E+17                          FIX-1
     1103641602                   0                          N                                    FIX-INTONLY        ADAPT0                     360/2/360                                        120                                                                             1.00037E+17                          FIX-1
     1103641608                   0                          N                                    FIXEDRATE          ADAPT0                     360/2/360                                          0                                                                             1.00037E+17                          FIX-1
     1103641609                   0                          N                                    FIXEDRATE          EXPRESS1+                  360/2/360                                          0                                                                             1.00037E+17                          FIX-1
     1103641610                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                             1.00037E+17                          FIX-1
     1103641611                   0                          N                                    FIX-INTONLY        ADAPT0                     360/2/360                                        120                                                                             1.00037E+17                          FIX-1
     1103641612                   0                          N                                    FIXEDRATE          ADAPT0                     360/2/360                                          0                                                                             1.00037E+17                          FIX-1
     1103641622                   0                          N                                    FIXEDRATE          SERIES1                    360/2/360                                          0                                                                             1.00037E+17                          FIX-1
     1103641643                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00139E+17                          ARM-1
     1103641709                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                              1.0036E+17                          ARM-1
     1103641834                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                         60                                                                                                                  FIX-2
     1103641919                   0                          N                                    FIXEDRATE          EXPRESS2                     360/360                                          0                                                                             1.00332E+17                          FIX-1
     1103642004                   0            12/1/2008     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00096E+17                          ARM-1
     1103642005                   0            12/1/2008     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00096E+17                          ARM-1
     1103642006                   0            12/1/2008     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00096E+17                          ARM-1
     1103642009                   0            12/1/2008     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00096E+17                          ARM-1
     1103642010                   0            12/1/2008     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00096E+17                          ARM-1
     1103642045                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                        120                                                                             1.00158E+17                          FIX-1
     1103642092                   0            11/1/2011     N                                    ARM-INTONLY        EXPRESS1+                  360/3/360    6MOLIBORWSJ                         120                                                                             1.00291E+17                          ARM-1
     1103642094                   0            12/1/2011     N                                    ARM                EXPRESS1                   360/2/360    6MOLIBORWSJ                           0                                                                             1.00291E+17                          ARM-1
     1103642095                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00291E+17                          ARM-1
     1103642096                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00291E+17                          ARM-1
     1103642097                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    6MOLIBORWSJ                         120                                                                             1.00291E+17                          ARM-1
     1103642099                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00291E+17                          ARM-1
     1103642201                1.71             1/1/2009     N                                    ARM-INTONLY        EXPRESS1                   360/1/360    6MOLIBORWSJ                          60                                                                             1.00332E+17                          ARM-1
     1103642204                   0             1/1/2010     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103642223                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103642225                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103642226                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103642227                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103642228                   0            12/1/2011     N                                    ARM-INTONLY        SERIES2                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103642229                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103642230                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT2                     360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103642231                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103642232                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103642233                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103642234                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103642235                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103642236                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103642237                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103642238                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103642239                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103642240                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103642241                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103642242                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00096E+17                          ARM-1
     1103642281                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                        120                                                                             1.00097E+17                          FIX-1
     1103642295                   0                          N                                    FIX-INTONLY        EXPRESS2                   360/3/360                                        120                                                                             1.00306E+17                          FIX-1
     1103642296                   0                          N                                    FIX-INTONLY        ADAPT0                     360/3/360                                        120                                                                             1.00306E+17                          FIX-1
     1103642309                   0                          N                                    FIXEDRATE          EXPRESS1+                  360/3/360                                          0                                                                             1.00306E+17                          FIX-1
     1103642312                   0                          N                                    FIXEDRATE          EXPRESS2                   360/3/360                                          0                                                                             1.00306E+17                          FIX-1
     1103642316                   0                          N                                    FIXEDRATE          ADAPT2                     360/3/360                                          0                                                                             1.00306E+17                          FIX-1
     1103642320                   0                          N                                    FIXEDRATE          EXPRESS1+                  360/3/360                                          0                                                                             1.00306E+17                          FIX-1
     1103642322                   0                          N                                    FIXEDRATE          ADAPT2                     360/2/360                                          0                                                                             1.00306E+17                          FIX-1
     1103642324                   0                          N                                    FIXEDRATE          EXPRESS2                   360/2/360                                          0                                                                             1.00306E+17                          FIX-1
     1103642327                   0                          N                                    FIXEDRATE          ADAPT3                     360/2/360                                          0                                                                             1.00306E+17                          FIX-1
     1103642329                   0                          N                                    FIXEDRATE          EXPRESS1+                  360/1/360                                          0                                                                             1.00306E+17                          FIX-1
     1103642331                   0                          N                                    FIXEDRATE          EXPRESS2                   180/3/180                                          0                                                                             1.00306E+17                          FIX-1
     1103642333                   0                          N                                    FIXEDRATE          EXPRESS2                   180/3/180                                          0                                                                             1.00306E+17                          FIX-1
     1103642357                   0             1/1/2010     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103642372                   0             1/1/2010     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00079E+17                          ARM-1
     1103642375                   0                          N                                    FIXEDRATE          ADAPT0                     360/2/360                                          0                                                                                                                  FIX-1
     1103642376                   0                          N                                    FIXEDRATE          ADAPT2                     360/2/360                                          0                                                                                                                  FIX-1
     1103642377                   0                          N                                    FIXEDRATE          SERIES1                    360/2/360                                          0                                                                                                                  FIX-1
     1103642378                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                                                                  FIX-1
     1103642379                   0                          N                                    FIXEDRATE          ADAPT1                     360/2/360                                          0                                                                                                                  FIX-1
     1103642380                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                                                                  FIX-1
     1103642382                   0                          N                                    FIXEDRATE          SERIES1                    360/2/360                                          0                                                                                                                  FIX-1
     1103642383                   0                          N                                    FIXEDRATE          SERIES1                    360/2/360                                          0                                                                                                                  FIX-1
     1103642384                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                                                                  FIX-1
     1103642385                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                                                                  FIX-1
     1103642386                   0                          N                                    FIXEDRATE          ADAPT0                     360/2/360                                          0                                                                                                                  FIX-1
     1103642387                   0                          N                                    FIXEDRATE          SERIES1                    360/2/360                                          0                                                                                                                  FIX-1
     1103642388                   0                          N                                    FIXEDRATE          SERIES0                    360/2/360                                          0                                                                                                                  FIX-1
     1103642389                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                                                                  FIX-1
     1103642390                   0                          N                                    FIX-INTONLY        SERIES0                    360/2/360                                        120                                                                                                                  FIX-1
     1103642391                   0                          N                                    FIX-INTONLY        EXPRESS1+                  360/2/360                                        120                                                                                                                  FIX-1
     1103642393                   0                          N                                    FIX-INTONLY        SERIES0                    360/2/360                                        120                                                                                                                  FIX-1
     1103642394                   0                          N                                    BALLOON            SERIES0                    480/2/480                                          0                                                                                                                  FIX-1
     1103642517                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642518                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642519                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642520                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642521                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642522                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642523                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642524                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642526                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642527                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642528                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642529                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642530                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642531                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642532                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642533                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642534                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642535                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT0                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642536                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642538                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642539                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642540                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642542                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT0                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642544                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642545                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642546                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT2                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642547                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642548                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642549                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT2                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642550                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642551                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642552                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT2                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642553                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642554                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642556                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                               1.004E+17                          ARM-1
     1103642557                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642558                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642559                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642560                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642561                   0            12/1/2011     N                                    ARM                ADAPT0                     360/2/360    1YLIBOR                               0                                                                               1.004E+17                          ARM-1
     1103642562                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642563                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642564                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT0                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642565                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642567                   0            12/1/2011     N                                    ARM                ADAPT0                     360/2/360    1YLIBOR                               0                                                                             1.00074E+17                          ARM-1
     1103642568                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642569                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT1                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642570                   0            12/1/2011     N                                    ARM                ADAPT0                     360/2/360    1YLIBOR                               0                                                                             1.00074E+17                          ARM-1
     1103642571                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642572                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642586                   0             9/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/5/360    1YLIBOR                             120                                                                             1.00131E+17                          ARM-1
     1103642587                   0             9/1/2011     N                                    ARM                ADAPT0                     360/5/360    1YLIBOR                               0                                                                             1.00131E+17                          ARM-1
     1103642588                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                             1.00039E+17                          ARM-1
     1103642589                   0             9/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/5/360    6MOLIBORWSJ                         120                                                                             1.00061E+17                          ARM-1
     1103642590                   0             9/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/5/360    1YLIBOR                             120                                                                             1.00131E+17                          ARM-1
     1103642591                   0             9/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/5/360    6MOLIBORWSJ                         120                                                                             1.00032E+17                          ARM-1
     1103642592                   0             9/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/5/360    6MOLIBORWSJ                         120                                                                              1.0011E+17                          ARM-1
     1103642593                   0             9/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/5/360    6MOLIBORWSJ                         120                                                                              1.0011E+17                          ARM-1
     1103642594                   0            10/1/2011     N                                    ARM                ADAPT0                     360/4/360    1YLIBOR                               0                                                                             1.00016E+17                          ARM-1
     1103642595                   0             9/1/2011     N                                    ARM                ADAPT1                     360/5/360    1YLIBOR                               0                                                                             1.00131E+17                          ARM-1
     1103642596                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                             1.00028E+17                          ARM-1
     1103642597                   0            10/1/2011     N                                    ARM                EXPRESS2                   360/4/360    6MOLIBORWSJ                           0                                                                             1.00173E+17                          ARM-1
     1103642598                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                             1.00053E+17                          ARM-1
     1103642599                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                             1.00053E+17                          ARM-1
     1103642600                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/4/360    1YLIBOR                             120                                                                             1.00061E+17                          ARM-1
     1103642601                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                             1.00301E+17                          ARM-1
     1103642602                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                             1.00149E+17                          ARM-1
     1103642603                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/3/360    1YLIBOR                             120                                                                              1.0013E+17                          ARM-1
     1103642604                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/4/360    1YLIBOR                             120                                                                             1.00033E+17                          ARM-1
     1103642605                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/4/360    1YLIBOR                             120                                                                             1.00033E+17                          ARM-1
     1103642606                   0            10/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/4/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103642607                   0            10/1/2011     N                                    ARM                ADAPT0                     360/4/360    1YLIBOR                               0                                                                              1.0002E+17                          ARM-1
     1103642608                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/4/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642609                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                              1.0002E+17                          ARM-1
     1103642610                   0            10/1/2011     N                                    ARM                ADAPT1                     360/4/360    1YLIBOR                               0                                                                             1.00074E+17                          ARM-1
     1103642611                   0            10/1/2011     N                                    ARM                SERIES0                    360/4/360    6MOLIBORWSJ                           0                                                                             1.00378E+17                          ARM-1
     1103642612                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642613                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103642614                   0            11/1/2011     N                                    ARM                ADAPT0                     360/3/360    1YLIBOR                               0                                                                             1.00016E+17                          ARM-1
     1103642616                   0            10/1/2011     N                                    ARM                ADAPT1                     360/4/360    1YLIBOR                               0                                                                             1.00016E+17                          ARM-1
     1103642617                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00134E+17                          ARM-1
     1103642618                   0            10/1/2011     N                                    ARM                ADAPT1                     360/4/360    1YLIBOR                               0                                                                             1.00134E+17                          ARM-1
     1103642619                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00016E+17                          ARM-1
     1103642620                   0             8/1/2011     N                                    ARM                ADAPT0                     360/6/360    1YLIBOR                               0                                                                             1.00016E+17                          ARM-1
     1103642621                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/4/360    1YLIBOR                             120                                                                             1.00134E+17                          ARM-1
     1103642623                   0            10/1/2011     N                                    ARM                ADAPT0                     360/4/360    1YLIBOR                               0                                                                             1.00134E+17                          ARM-1
     1103642624                   0             9/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/5/360    1YLIBOR                             120                                                                             1.00134E+17                          ARM-1
     1103642625                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00134E+17                          ARM-1
     1103642626                   0             9/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/5/360    1YLIBOR                             120                                                                             1.00134E+17                          ARM-1
     1103642627                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                             1.00134E+17                          ARM-1
     1103642629                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00134E+17                          ARM-1
     1103642630                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                             1.00134E+17                          ARM-1
     1103642631                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                             1.00016E+17                          ARM-1
     1103642632                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00134E+17                          ARM-1
     1103642634                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00134E+17                          ARM-1
     1103642635                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                             1.00134E+17                          ARM-1
     1103642636                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00016E+17                          ARM-1
     1103642637                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00016E+17                          ARM-1
     1103642638                   0            11/1/2011     N                                    ARM                ADAPT0                     360/3/360    1YLIBOR                               0                                                                             1.00016E+17                          ARM-1
     1103642639                   0            10/1/2011     N                                    ARM                ADAPT0                     360/4/360    1YLIBOR                               0                                                                             1.00016E+17                          ARM-1
     1103642640                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00134E+17                          ARM-1
     1103642641                   0            10/1/2011     N                                    ARM                ADAPT0                     360/4/360    1YLIBOR                               0                                                                             1.00134E+17                          ARM-1
     1103642642                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00134E+17                          ARM-1
     1103642643                   0            10/1/2011     N                                    ARM                EXPRESS1                   360/4/360    6MOLIBORWSJ                           0                                                                             1.00378E+17                          ARM-1
     1103642644                   0             9/1/2011     N                                    ARM-INTONLY        SERIES1                    360/5/360    6MOLIBORWSJ                         120                                                                             1.00312E+17                          ARM-1
     1103642645                   0             9/1/2011     N                                    ARM                ADAPT1                     360/5/360    1YLIBOR                               0                                                                             1.00016E+17                          ARM-1
     1103642646                   0             8/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/6/360    1YLIBOR                             120                                                                             1.00016E+17                          ARM-1
     1103642647                   0             8/1/2011     N                                    ARM                ADAPT0                     360/6/360    1YLIBOR                               0                                                                             1.00207E+17                          ARM-1
     1103642648                   0             8/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/6/360    1YLIBOR                             120                                                                             1.00063E+17                          ARM-1
     1103642649                   0             8/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/6/360    1YLIBOR                             120                                                                             1.00016E+17                          ARM-1
     1103642650                   0             8/1/2011     N                                    ARM                ADAPT0                     360/6/360    1YLIBOR                               0                                                                             1.00147E+17                          ARM-1
     1103642651                   0             8/1/2011     N                                    ARM-INTONLY        SERIES1                    360/6/360    6MOLIBORWSJ                         120                                                                             1.00497E+17                          ARM-1
     1103642652                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/4/360    1YLIBOR                             120                                                                             1.00016E+17                          ARM-1
     1103642653                   0             9/1/2011     N                                    ARM                SERIES0                    360/5/360    6MOLIBORWSJ                           0                                                                             1.00099E+17                          ARM-1
     1103642654                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                             1.00094E+17                          ARM-1
     1103642655                   0            10/1/2011     N                                    ARM-INTONLY        SERIES0                    360/4/360    6MOLIBORWSJ                         120                                                                             1.00317E+17                          ARM-1
     1103642656                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                             1.00167E+17                          ARM-1
     1103642657                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/4/360    1YLIBOR                             120                                                                               1.002E+17                          ARM-1
     1103642658                   0            10/1/2011     N                                    ARM                ADAPT0                     360/4/360    1YLIBOR                               0                                                                             1.00447E+17                          ARM-1
     1103642659                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                             1.00197E+17                          ARM-1
     1103642660                   0            10/1/2011     N                                    ARM                ADAPT1                     360/4/360    1YLIBOR                               0                                                                              1.2321E+17                          ARM-1
     1103642661                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00053E+17                          ARM-1
     1103642662                   0             9/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/5/360    1YLIBOR                             120                                                                              1.0007E+17                          ARM-1
     1103642663                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                             1.00065E+17                          ARM-1
     1103642664                   0            10/1/2011     N                                    ARM                ADAPT0                     360/4/360    1YLIBOR                               0                                                                             1.00147E+17                          ARM-1
     1103642665                   0             8/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/6/360    6MOLIBORWSJ                         120                                                                             1.00053E+17                          ARM-1
     1103642666                   0             9/1/2011     N                                    ARM-INTONLY        SERIES1                    360/5/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103642667                   0             9/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/5/360    1YLIBOR                             120                                                                             1.00131E+17                          ARM-1
     1103642668                   0             9/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/5/360    1YLIBOR                             120                                                                             1.00131E+17                          ARM-1
     1103642670                   0            10/1/2011     N                                    ARM                EXPRESS1                   360/4/360    6MOLIBORWSJ                           0                                                                             1.00312E+17                          ARM-1
     1103642671                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                             1.00063E+17                          ARM-1
     1103642672                   0            10/1/2011     N                                    ARM-INTONLY        SERIES1                    360/4/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103642673                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                             1.00063E+17                          ARM-1
     1103642674                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/3/360    1YLIBOR                             120                                                                             1.00134E+17                          ARM-1
     1103642675                   0            11/1/2011     N                                    ARM                ADAPT0                     360/3/360    1YLIBOR                               0                                                                             1.00134E+17                          ARM-1
     1103642677                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                             1.00134E+17                          ARM-1
     1103642678                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                             1.00016E+17                          ARM-1
     1103642679                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/4/360    1YLIBOR                             120                                                                             1.00134E+17                          ARM-1
     1103642680                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00016E+17                          ARM-1
     1103642681                   0            11/1/2011     N                                    ARM                ADAPT0                     360/3/360    1YLIBOR                               0                                                                             1.00016E+17                          ARM-1
     1103642682                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00016E+17                          ARM-1
     1103642683                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/4/360    1YLIBOR                             120                                                                             1.00016E+17                          ARM-1
     1103642685                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00134E+17                          ARM-1
     1103642686                   0            11/1/2011     N                                    ARM                ADAPT0                     360/3/360    1YLIBOR                               0                                                                             1.00134E+17                          ARM-1
     1103642687                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00016E+17                          ARM-1
     1103642688                   0            10/1/2011     N                                    ARM                ADAPT0                     360/4/360    1YLIBOR                               0                                                                             1.00134E+17                          ARM-1
     1103642689                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/4/360    1YLIBOR                             120                                                                             1.00134E+17                          ARM-1
     1103642690                   0            11/1/2011     N                                    ARM                ADAPT0                     360/3/360    1YLIBOR                               0                                                                             1.00134E+17                          ARM-1
     1103642691                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00134E+17                          ARM-1
     1103642692                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00134E+17                          ARM-1
     1103642693                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00134E+17                          ARM-1
     1103642694                   0            11/1/2011     N                                    ARM                ADAPT0                     360/3/360    1YLIBOR                               0                                                                             1.00016E+17                          ARM-1
     1103642695                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/3/360    1YLIBOR                             120                                                                             1.00016E+17                          ARM-1
     1103642696                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00016E+17                          ARM-1
     1103642698                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00016E+17                          ARM-1
     1103642699                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00134E+17                          ARM-1
     1103642700                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00134E+17                          ARM-1
     1103642701                   0            11/1/2011     N                                    ARM                ADAPT1                     360/3/360    1YLIBOR                               0                                                                             1.00259E+17                          ARM-1
     1103642702                   0            12/1/2011     N                                    ARM                ADAPT0                     360/2/360    1YLIBOR                               0                                                                             1.00134E+17                          ARM-1
     1103642706                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00244E+17                          ARM-1
     1103642707                   0             9/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/5/360    1YLIBOR                             120                                                                             1.00131E+17                          ARM-1
     1103642708                   0             9/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/5/360    1YLIBOR                             120                                                                             1.00131E+17                          ARM-1
     1103642709                   0             9/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/5/360    1YLIBOR                             120                                                                             1.00131E+17                          ARM-1
     1103642710                   0             9/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/5/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103642711                   0             9/1/2011     N                                    ARM                ADAPT0                     360/5/360    1YLIBOR                               0                                                                             1.00131E+17                          ARM-1
     1103642712                   0             9/1/2011     N                                    ARM                ADAPT1                     360/5/360    1YLIBOR                               0                                                                             1.00131E+17                          ARM-1
     1103642713                   0             9/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/5/360    1YLIBOR                             120                                                                             1.00149E+17                          ARM-1
     1103642714                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00319E+17                          ARM-1
     1103642716                   0             9/1/2011     N                                    ARM                ADAPT0                     360/5/360    1YLIBOR                               0                                                                             1.00131E+17                          ARM-1
     1103642717                   0             9/1/2011     N                                    ARM-INTONLY        SERIES1                    360/5/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103642718                   0             9/1/2011     N                                    ARM-INTONLY        EXPRESS1                   360/5/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103642720                   0            12/1/2011     N                                    ARM                ADAPT0                     360/2/360    1YLIBOR                               0                                                                             1.00083E+17                          ARM-1
     1103642721                   0            12/1/2011     N                                    ARM                ADAPT0                     360/2/360    1YLIBOR                               0                                                                             1.00155E+17                          ARM-1
     1103642722                   0            10/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/4/360    1YLIBOR                             120                                                                             1.00016E+17                          ARM-1
     1103642723                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                             1.00063E+17                          ARM-1
     1103642724                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/3/360    1YLIBOR                             120                                                                              1.0004E+17                          ARM-1
     1103642725                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103642726                   0            11/1/2011     N                                    ARM-INTONLY        SERIES0                    360/3/360    6MOLIBORWSJ                         120                                                                             1.00063E+17                          ARM-1
     1103642727                   0            12/1/2011     N                                    ARM                ADAPT0                     360/2/360    1YLIBOR                               0                                                                             1.00134E+17                          ARM-1
     1103642728                   0            11/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/3/360    1YLIBOR                             120                                                                             1.00383E+17                          ARM-1
     1103642729                   0            12/1/2011     N                                    ARM                ADAPT0                     360/2/360    1YLIBOR                               0                                                                             1.00134E+17                          ARM-1
     1103642827                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00078E+17                          ARM-1
     1103642926                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00037E+17                          ARM-1
     1103642974                   0            12/1/2009     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00366E+17                          ARM-1
     1103642979                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00366E+17                          ARM-1
     1103642981                   0             1/1/2012     N                                    ARM-INTONLY        EXPRESS2                   360/1/360    6MOLIBORWSJ                         120                                                                             1.00366E+17                          ARM-1
     1103643045                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                         60                                                                             1.00453E+17                          FIX-1
     1103643070                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                         60                                                                             1.00099E+17                          FIX-1
     1103643160                   0                          N                                    FIXEDRATE          EXPRESS2                   360/1/360                                          0                                                                             1.00332E+17                          FIX-1
     1103643568                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                              1.0036E+17                          ARM-1
     1103643667                   0             1/1/2012     N                                    ARM                ADAPT0                     360/1/360    1YLIBOR                               0                                                                             1.00074E+17                          ARM-1
     1103643669                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643670                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT1                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643671                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT1                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643672                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT1                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643673                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT0                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643674                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT0                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643675                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT0                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643676                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT0                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643678                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT0                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643681                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT0                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643683                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT1                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643684                   0             6/1/2007     N                                    ARM-INTONLY        EXPRESS1                   360/2/360    6MOLIBORWSJ                         120                                                                             1.00074E+17                          ARM-1
     1103643685                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT1                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643686                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT2                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643687                   0             1/1/2012     N                                    ARM                ADAPT1                     360/1/360    1YLIBOR                               0                                                                             1.00074E+17                          ARM-1
     1103643688                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643689                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT1                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643690                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT0                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643691                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT0                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643692                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT1                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643693                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT1                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643694                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT1                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643695                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT0                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643696                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT0                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643698                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT1                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643699                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT1                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643700                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT1                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643701                   0            12/1/2011     N                                    ARM-INTONLY        ADAPT1                     360/2/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643702                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT1                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
     1103643703                   0             1/1/2012     N                                    ARM-INTONLY        ADAPT0                     360/1/360    1YLIBOR                             120                                                                             1.00074E+17                          ARM-1
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     1103644600                   0             1/1/2012     N                                    ARM-INTONLY        EXPRESS2                   360/1/360    6MOLIBORWSJ                          60                                                                             1.00067E+17                          ARM-1
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     2503182942                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503184739                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503185063                   0             1/1/2012     Y                                    ARM                SERIES1                    360/1/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
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     2503185223                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503185827                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503185828                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503187715                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503187716                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503188012                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503188140                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503188393                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-1
     2503188489                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503188558                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503188590                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503188620                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503188630                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503188834                   0                          N                                    FIXEDRATE          A1                         360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503188888                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503188970                   0            12/1/2011     N                                    ARM-INTONLY        SERIES2                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503188973                   0                          N                                    BALLOON            SERIES2                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503188985                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503189039                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503189040                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503189068                   0            12/1/2011     N                                    ARM                SERIES1                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503189069                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503189129                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503189217                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503189427                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503189448                   0            12/1/2011     Y                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503189459                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503189535                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503189537                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503189540                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503189555                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503189606                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503189639                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                        120                                                                             1.00054E+17                          FIX-1
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     2503189908                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503190029                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503190156                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503190173                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503190251                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503190422                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
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     2503190463                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503190525                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503190549                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503190552                   0                          N                                    BALLOON            SERIES2                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503190574                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503190675                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503190696                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503190780                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503190809                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503190816                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503190844                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503190871                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503190896                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503190898                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503190899                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503190929                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503190934                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503190998                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503190999                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191044                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191128                1.26            12/1/2011     N                                    ARM                EXPRESS1+                  360/2/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503191167                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191218                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503191318                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191337                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503191379                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191384                   0                          N                                    FIX-INTONLY        SERIES1                    360/3/360                                         60                                                                             1.00054E+17                          FIX-2
     2503191416                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191417                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191472                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503191487                   0             1/1/2010     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503191508                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191521                   0                          N                                    BALLOON            SERIES2                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191538                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191551                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191563                   0                          N                                    BALLOON            SERIES2                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191596                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191676                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191757                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191788                0.94             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503191795                   0                          N                                    BALLOON            SERIES2                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191796                   0                          N                                    FIXEDRATE          A                          360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191801                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191823                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191861                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191867                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503191868                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191878                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503191879                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191880                   0            12/1/2011     N                                    ARM                SERIES0                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503191893                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191911                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191917                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503191970                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192004                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192032                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192037                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192096                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192100                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192104                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192175                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192185                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192261                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192290                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503192312                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192316                   0            12/1/2011     Y                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503192331                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192354                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192365                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503192366                   0                          N                                    BALLOON            SERIES2                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192376                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192397                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192429                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192496                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192520                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192559                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192560                   0             1/1/2012     N                                    ARM                EXPRESS1                   360/1/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503192566                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192578                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192591                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192612                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503192691                   0            12/1/2011     N                                    BALLOON            SERIES0                    480/2/480    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503192715                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192736                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192738                1.41            12/1/2011     N                                    BALLOON            SERIES2                    480/2/480    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503192780                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503192799                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503192941                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192974                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503192976                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503193022                   0                          N                                    BALLOON            SERIES2                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503193031                   0                          N                                    BALLOON            SERIES2                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503193143                   0                          N                                    BALLOON            SERIES2                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503193158                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503193161                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503193170                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503193174                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503193269                   0                          N                                    BALLOON            SERIES2                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503193301                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503193302                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503193304                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503193357                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503193379                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503193385                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503193400                   0                          N                                    BALLOON            SERIES0                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503193427                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503193442                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503193444                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503193498                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503193558                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
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     2503193575                   0                          N                                    BALLOON            SERIES1                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503193609                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503193669                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503193735                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503194241                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503194307                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503194313                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503194375                   0            12/1/2011     N                                    ARM                SERIES1                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503194376                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503194415                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503194473                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503194474                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503194495                   0                          N                                    BALLOON            SERIES1                    360/3/360                                          0                                                                             1.00054E+17                          FIX-2
     2503194500                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503194502                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503194540                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
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     2503194550                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503194587                   0            12/1/2011     N                                    ARM                SERIES0                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503194588                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503194673                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503194704                   0            12/1/2011     N                                    BALLOON            SERIES1                    480/2/480    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
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     2503194714                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503194720                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503194737                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503194742                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503194762                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503194766                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503194770                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503194827                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503194835                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503194899                   0                          N                                    BALLOON            SERIES2                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503195015                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
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     2503195038                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503195046                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503195074                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503195100                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503195146                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503195164                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503195166                   0            12/1/2011     N                                    ARM-INTONLY        SERIES2                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503195169                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503195216                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503195243                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503195245                   0            12/1/2011     N                                    BALLOON            SERIES2                    480/2/480    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503195246                   0                          N                                    BALLOON            SERIES2                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503195252                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503195267                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503195273                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                        120                                                                             1.00054E+17                          FIX-1
     2503195338                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
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     2503195373                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503195374                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
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     2503197466                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
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     2503197503                   0                          N                                    BALLOON            SERIES2                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503197519                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503197525                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503197547                   0             1/1/2014     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503197570                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503197584                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503197585                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503197648                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503197655                   0                          N                                    BALLOON            SERIES1                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503197659                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503197668                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503197678                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503197679                   0                          N                                    FIXEDRATE          A                          360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503197705                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503197706                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503197718                   0            12/1/2011     N                                    ARM                EXPRESS1+                  360/2/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503197742                   0             1/1/2012     N                                    ARM-INTONLY        SERIES2                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503197766                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503197788                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503197796                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503197807                   0                          N                                    BALLOON            SERIES1                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503197830                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503197833                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503197834                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503197848                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503197849                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503197855                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503197859                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503197860                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503197864                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503197878                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503197879                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503197880                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503197891                   0                          N                                    FIX-INTONLY        SERIES1                    360/1/360                                         60                                                                             1.00054E+17                          FIX-1
     2503197895                   0            12/1/2011     N                                    BALLOON            SERIES3                    480/2/480    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503197897                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503197930                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503197931                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503197949                   0             1/1/2012     N                                    BALLOON            SERIES0                    480/1/480    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503197987                   0            12/1/2011     N                                    ARM                SERIES1                    360/2/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503197988                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503197990                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503197991                   0                          N                                    BALLOON            SERIES1                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503198003                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503198004                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503198007                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503198009                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503198012                   0            12/1/2011     N                                    ARM-INTONLY        EXPRESS2                   360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503198021                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503198054                   0             1/1/2012     N                                    ARM                SERIES0                    360/1/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503198078                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                         60                                                                             1.00054E+17                          FIX-1
     2503198095                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503198099                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503198120                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503198121                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503198124                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503198134                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503198135                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503198136                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
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     2503198151                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503198156                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503198160                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503198165                   0            12/1/2011     N                                    ARM-INTONLY        SERIES0                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
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     2503198179                   0                          N                                    BALLOON            SERIES1                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503198201                   0             1/1/2012     N                                    ARM                SERIES0                    360/1/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
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     2503198261                   0                          N                                    BALLOON            SERIES1                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503198274                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
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     2503198278                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
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     2503198335                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503198339                   0            12/1/2011     N                                    ARM-INTONLY        SERIES1                    360/2/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
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     2503198655                   0                          N                                    FIXEDRATE          SERIES3                    360/1/360                                          0                                                                             1.00054E+17                          FIX-1
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     2503198840                0.84             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503198862                   0                          N                                    BALLOON            SERIES0                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503198895                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503198902                   0                          N                                    BALLOON            SERIES1                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503198938                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503198949                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
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     2503199027                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503199038                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503199092                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
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     2503199102                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503199123                   0             1/1/2012     N                                    ARM-INTONLY        SERIES2                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503199138                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503199139                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503199148                   0                          N                                    BALLOON            SERIES1                    360/2/360                                          0                                                                             1.00054E+17                          FIX-2
     2503199156                   0             1/1/2012     N                                    ARM-INTONLY        SERIES2                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
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     2503199166                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
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     2503199172                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503199224                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503199250                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503199251                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503199257                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
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     2503199263                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
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     2503199268                   0             1/1/2012     N                                    ARM                EXPRESS1+                  360/1/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503199272                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                        120                                                                             1.00054E+17                          FIX-1
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     2503199293                   0             1/1/2012     N                                    BALLOON            SERIES3                    480/1/480    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503199303                   0                          N                                    BALLOON            SERIES1                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503199313                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503199319                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503199320                   0                          N                                    BALLOON            SERIES1                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503200281                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
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     2503201622                   0                          N                                    FIXEDRATE          EXPRESS3                   360/1/360                                          0                                                                             1.00054E+17                          FIX-1
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     2503201636                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503201645                   0             1/1/2012     N                                    ARM-INTONLY        EXPRESS2                   360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503201647                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
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     2503201734                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503201764                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503201796                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
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     2503201815                   0                          N                                    FIXEDRATE          SERIES1                    180/1/180                                          0                                                                             1.00054E+17                          FIX-1
     2503201818                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503201832                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503201833                   0             1/1/2012     N                                    ARM                SERIES1                    360/1/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503201840                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503201851                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503201860                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503201868                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                        120                                                                             1.00054E+17                          FIX-1
     2503201874                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503201877                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503201882                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503201892                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503201898                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503201918                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503201919                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503201920                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503201927                   0                          N                                    FIXEDRATE          SERIES2                    360/1/360                                          0                                                                             1.00054E+17                          FIX-1
     2503201929                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503201933                   0             1/1/2012     N                                    BALLOON            SERIES1                    480/1/480    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503201936                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503201945                   0                          N                                    BALLOON            SERIES3                    480/1/480                                          0                                                                             1.00054E+17                          FIX-1
     2503201952                   0             1/1/2012     N                                    ARM                SERIES2                    360/1/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503201991                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202028                   0             1/1/2012     N                                    BALLOON            SERIES1                    480/1/480    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503202030                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                        120                                                                             1.00054E+17                          FIX-1
     2503202031                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202032                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503202045                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202073                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202077                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202102                   0                          N                                    FIXEDRATE          A+                         360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503202112                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-1
     2503202117                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503202120                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202139                   0             1/1/2014     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202146                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202150                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                        120                                                                             1.00054E+17                          FIX-1
     2503202152                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202153                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503202155                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503202167                   0             1/1/2012     N                                    ARM                SERIES1                    360/1/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503202189                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503202193                   0                          N                                    FIXEDRATE          EXPRESS2                   360/1/360                                          0                                                                             1.00054E+17                          FIX-1
     2503202200                   0             2/1/2012     N                                    ARM                SERIES0                      360/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503202213                   0                          N                                    FIXEDRATE          EXPRESS2                   360/1/360                                          0                                                                             1.00054E+17                          FIX-1
     2503202220                   0                          N                                    BALLOON            SERIES0                    480/1/480                                          0                                                                             1.00054E+17                          FIX-1
     2503202256                0.64                          N                                    FIXEDRATE          EXPRESS1+                  360/1/360                                          0                                                                             1.00054E+17                          FIX-1
     2503202310                   0                          N                                    FIXEDRATE          SERIES0                    180/1/180                                          0                                                                             1.00054E+17                          FIX-1
     2503202328                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                        120                                                                             1.00054E+17                          FIX-1
     2503202342                   0                          N                                    FIXEDRATE          SERIES1                    360/1/360                                          0                                                                             1.00054E+17                          FIX-1
     2503202345                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202353                   0                          N                                    FIX-INTONLY        SERIES1                    360/1/360                                         60                                                                             1.00054E+17                          FIX-1
     2503202356                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202359                1.51             1/1/2012     N                                    BALLOON            EXPRESS1                   480/1/480    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503202407                   0                          N                                    FIX-INTONLY        SERIES2                    360/1/360                                         60                                                                             1.00054E+17                          FIX-1
     2503202411                   0             2/1/2012     N                                    ARM-INTONLY        SERIES0                      360/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202474                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-1
     2503202513                   0             1/1/2012     N                                    ARM-INTONLY        SERIES2                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503202516                   0             1/1/2012     N                                    ARM                SERIES3                    360/1/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503202525                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-1
     2503202537                   0             1/1/2012     N                                    ARM                SERIES0                    360/1/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503202561                   0                          N                                    FIXEDRATE          SERIES1                    360/1/360                                          0                                                                             1.00054E+17                          FIX-1
     2503202618                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                        120                                                                             1.00054E+17                          FIX-1
     2503202643                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202647                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503202681                   0             1/1/2012     N                                    BALLOON            SERIES3                    480/1/480    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503202687                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202692                0.63             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503202694                   0             1/1/2012     N                                    ARM                SERIES0                    360/1/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503202697                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202702                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-1
     2503202741                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202746                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503202747                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                        120                                                                             1.00054E+17                          FIX-1
     2503202780                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202786                   0                          N                                    FIXEDRATE          SERIES1                    360/1/360                                          0                                                                             1.00054E+17                          FIX-1
     2503202787                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202792                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-1
     2503202794                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503202814                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                         60                                                                             1.00054E+17                          FIX-1
     2503202828                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202829                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-1
     2503202831                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202852                   0             1/1/2012     N                                    ARM-INTONLY        EXPRESS1                   360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202857                   0                          N                                    FIX-INTONLY        EXPRESS1+                  360/1/360                                        120                                                                             1.00054E+17                          FIX-1
     2503202861                   0                          N                                    FIXEDRATE          EXPRESS3                   360/1/360                                          0                                                                             1.00054E+17                          FIX-1
     2503202874                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-1
     2503202875                   0             1/1/2012     N                                    ARM                SERIES1                    360/1/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503202878                   0             1/1/2012     N                                    BALLOON            SERIES0                    480/1/480    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503202880                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503202899                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202917                   0                          N                                    FIXEDRATE          SERIES3                    360/1/360                                          0                                                                             1.00054E+17                          FIX-1
     2503202921                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202968                   0             1/1/2012     N                                    ARM-INTONLY        EXPRESS1+                  360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202976                   0                          N                                    FIX-INTONLY        EXPRESS1+                    360/360                                        120                                                                             1.00054E+17                          FIX-1
     2503202980                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503202987                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503202993                1.23                          N                                    BALLOON            SERIES0                    480/1/480                                          0                                                                             1.00054E+17                          FIX-1
     2503202999                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203039                   0                          N                                    FIXEDRATE          SERIES0                      360/360                                          0                                                                             1.00054E+17                          FIX-1
     2503203055                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503203060                   0             1/1/2012     N                                    BALLOON            SERIES3                    480/1/480    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503203063                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203087                   0                          N                                    BALLOON            SERIES0                    480/1/480                                          0                                                                             1.00054E+17                          FIX-1
     2503203104                   0                          N                                    FIXEDRATE          EXPRESS1+                  360/1/360                                          0                                                                             1.00054E+17                          FIX-1
     2503203107                   0             1/1/2012     N                                    ARM                SERIES0                    360/1/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503203157                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203160                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203167                   0                          N                                    BALLOON            SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503203170                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-1
     2503203188                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203223                   0                          N                                    BALLOON            EXPRESS1+                  480/1/480                                          0                                                                             1.00054E+17                          FIX-1
     2503203257                   0             1/1/2012     N                                    ARM                SERIES0                    360/1/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503203261                   0                          N                                    FIX-INTONLY        SERIES1                    360/1/360                                         60                                                                             1.00054E+17                          FIX-1
     2503203287                   0             2/1/2012     N                                    ARM                SERIES0                      360/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503203288                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-1
     2503203293                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203320                   0                          N                                    FIXEDRATE          EXPRESS1+                  360/1/360                                          0                                                                             1.00054E+17                          FIX-1
     2503203335                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203338                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203347                   0                          N                                    FIXEDRATE          SERIES0                    360/1/360                                          0                                                                             1.00054E+17                          FIX-1
     2503203348                   0             1/1/2012     N                                    ARM-INTONLY        SERIES2                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203357                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203378                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203417                   0                          N                                    FIXEDRATE          SERIES0                    180/1/180                                          0                                                                             1.00054E+17                          FIX-1
     2503203448                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203475                   0             2/1/2012     N                                    ARM-INTONLY        SERIES0                      360/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203489                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203523                   0             2/1/2012     N                                    ARM-INTONLY        SERIES1                      360/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203551                   0             1/1/2014     N                                    ARM-INTONLY        PROA1                      360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503203563                   0             1/1/2012     N                                    ARM                SERIES0                    360/1/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503203568                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203612                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203632                   0                          N                                    FIX-INTONLY        SERIES0                      360/360                                        120                                                                             1.00054E+17                          FIX-1
     2503203638                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203642                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203682                   0                          N                                    FIXEDRATE          SERIES1                    360/1/360                                          0                                                                             1.00054E+17                          FIX-1
     2503203696                   0             2/1/2012     N                                    ARM-INTONLY        SERIES0                      360/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203700                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203740                   0             1/1/2012     N                                    BALLOON            SERIES0                    480/1/480    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503203763                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203803                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203845                   0             1/1/2012     N                                    ARM-INTONLY        SERIES2                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203888                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203890                   0             1/1/2012     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503203892                   0                          N                                    BALLOON            SERIES1                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503203918                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                        120                                                                             1.00054E+17                          FIX-1
     2503204124                   0             1/1/2014     N                                    ARM-INTONLY        SERIES0                    360/1/360    6MOLIBORWSJ                         120                                                                             1.00054E+17                          ARM-1
     2503204128                   0                          N                                    FIX-INTONLY        SERIES0                    360/1/360                                         60                                                                             1.00054E+17                          FIX-2
     2503204130                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503204154                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503204156                   0                          N                                    BALLOON            SERIES1                    360/1/360                                          0                                                                             1.00054E+17                          FIX-2
     2503204208                   0             1/1/2012     N                                    ARM-INTONLY        SERIES1                    360/1/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503204322                   0                          N                                    BALLOON            SERIES1                    480/1/480                                          0                                                                             1.00054E+17                          FIX-1
     2503204544                   0             2/1/2009     N                                    ARM-INTONLY        SERIES1                      360/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503204648                   0             1/1/2012     N                                    ARM                SERIES0                    360/1/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503204946                   0             2/1/2012     N                                    ARM                EXPRESS1+                    360/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     2503206276                   0             2/1/2012     N                                    ARM-INTONLY        SERIES0                      360/360    6MOLIBORWSJ                          60                                                                             1.00054E+17                          ARM-1
     2503207804                0.97             2/1/2012     N                                    ARM                SERIES0                      360/360    6MOLIBORWSJ                           0                                                                             1.00054E+17                          ARM-1
     3900013477                   0                          N                                    FIXEDRATE          ADAPT1                    180/22/180                                          0                                                                                                                  FIX-1

        

        
          
            
              
              

            

            
              H-1

              
                

              

            

            
              
              

            

          

        

        

        EXHIBIT
          I

         

        SPONSOR
          REPRESENTATIONS AND WARRANTIES

         

        Sponsor’s
          Representations Assigned by Company to Trustee

         

        Representations
          and Warranties. Pursuant to the Mortgage Loan Purchase Agreement, the Sponsor
          has made certain representations and warranties to the Company. The Sponsor
          shall confirm such representations and warranties and shall deliver a Sponsor’s
          Warranty Certificate and an Officer’s Certificate on the Closing Date (i)
          reaffirming such representations and warranties and (ii) specifically restating
          and reaffirming the following representations and warranties as of such
          date.
          The following representations are, pursuant to the Pooling and Servicing
          Agreement, assigned by the Company to the Trustee for the benefit of the
          Certificateholders, together with the related repurchase rights specified
          in the
          Mortgage Loan Purchase Agreement. Pursuant to the Mortgage Loan Purchase
          Agreement, the Sponsor’s Warranty Certificate and related Officer’s Certificate,
          the Sponsor affirms each such representation and warranty and agrees, consents
          to and acknowledges the assignment thereof to the Trustee. All capitalized
          terms
          herein shall have the meanings assigned in the Pooling and Servicing Agreement
          and the Sponsor’s Warranty Certificate, as applicable.

         

        The
          Sponsor hereby represents and warrants to the Company and Trustee, as to
          each
          Mortgage Loan, that as of the Closing Date or as of such other date specifically
          provided herein:

         

        (i) the
          information set forth in the Mortgage Loan Schedule hereto is true and
          correct
          in all material respects;

         

        (ii) the
          Mortgage Loans, individually and in the aggregate, conform in all material
          respects to the descriptions thereof in the Prospectus Supplement; 

         

        (iii) the
          terms
          of the Mortgage Note and the Mortgage have not been impaired, waived, altered
          or
          modified in any respect, except by written instruments, (i) if required
          by law
          in the jurisdiction where the Mortgaged Property is located, or (ii) to
          protect
          the interests of the Trustee on behalf of the Certificateholders;

         

        (iv) the
          Mortgage File for each Mortgage Loan contains a true and complete copy
          of each
          of the documents contained in such Mortgage File, including all amendments,
          modifications and, if applicable, waivers and assumptions that have been
          executed in connection with such Mortgage Loan;

         

        (v) immediately
          prior to the transfer to the Purchaser, the Sponsor was the sole owner
          of
          beneficial title and holder of each Mortgage and Mortgage Note relating
          to the
          Mortgage Loans and is conveying the same free and clear of any and all
          liens,
          claims, encumbrances, participation interests, equities, pledges, charges
          or
          security interests of any nature and the Sponsor has full right and authority
          to
          sell or assign the same pursuant to this Agreement;

        
          
            
            

          

          
            I-1

            
              

            

          

          
            
            

          

        

         

        (vi) each
          Mortgage is a valid and enforceable first lien on the property securing
          the
          related Mortgage Note and each Mortgaged Property is owned by the Mortgagor
          in
          fee simple (except with respect to common areas in the case of condominiums,
          PUDs and de minimis PUDs) or by leasehold for a term at least five years
          longer
          than the term of the related Mortgage, subject only to (i) the lien of
          current
          real property taxes and assessments, (ii) covenants, conditions and
          restrictions, rights of way, easements and other matters of public record
          as of
          the date of recording of such Mortgage, such exceptions being acceptable
          to
          mortgage lending institutions generally or specifically reflected in the
          appraisal obtained in connection with the origination of the related Mortgage
          Loan or referred to in the lender's title insurance policy delivered to
          the
          originator of the related Mortgage Loan and (iii) other matters to which
          like
          properties are commonly subject which do not materially interfere with
          the
          benefits of the security intended to be provided by such Mortgage;

         

        (vii) no
          payment of principal of or interest on or in respect of any Mortgage Loan
          is 30
          or more days past due;

         

        (viii) there
          is
          no mechanics’ lien or claim for work, labor or material affecting the premises
          subject to any Mortgage which is or may be a lien prior to, or equal with,
          the
          lien of such Mortgage except those which are insured against by the title
          insurance policy referred to in (xii) below;

         

        (ix) as
          of the
          Cut-off Date, (i) no Mortgage Loan had been 30 days or more delinquent
          more than
          once during the preceding 12 months, (ii) no Mortgage Loan had been delinquent
          for 60 days or more during the preceding 12 months and (iii) to Sponsor’s
          knowledge, there was no delinquent tax or assessment lien against the property
          subject to any Mortgage, except where such lien was being contested in
          good
          faith and a stay had been granted against levying on the property;

         

        (x) there
          is
          no valid offset, defense or counterclaim to any Mortgage Note or Mortgage,
          including the obligation of the Mortgagor to pay the unpaid principal and
          interest on such Mortgage Note;

         

        (xi)
           to
          Sponsor’s knowledge, except to the extent insurance is in place which will over
          such damage, the physical property subject to any Mortgage is free of material
          damage and is in good repair and there is no proceeding pending or threatened
          for the total or partial condemnation of any Mortgaged Property;

         

        (xii) each
          Mortgage Loan complies in all material respects with applicable local,
          state and
          federal laws, including, without limitation, usury, equal credit opportunity,
          real estate settlement procedures, the Federal Truth In Lending Act and
          disclosure laws, including, but not limited to, any applicable predatory
          lending
          laws. The consummation of the transactions contemplated hereby, including
          without limitation, the receipt of interest by the owner of such Mortgage
          Loan
          or the holders of Certificates secured thereby, will not involve the violation
          of any such laws. Each Mortgage Loan is being serviced in all material
          respects
          in accordance with applicable local, state and federal laws, including,
          without
          limitation, the Federal Truth In Lending Act and other consumer protection
          laws,
          real estate settlement procedures, usury, equal credit opportunity and
          disclosure laws;

        
          
            
            

          

          
            I-2

            
              

            

          

          
            
            

          

        

         

        (xiii) a
          lender's title insurance policy (on an ALTA or CLTA form) or binder, or
          other
          assurance of title customary in the relevant jurisdiction therefor in a
          form
          acceptable to Fannie Mae or Freddie Mac, was issued on the date that each
          Mortgage Loan was created by a title insurance company which, to the best
          of
          Sponsor’s knowledge, was qualified to do business in the jurisdiction where the
          related Mortgaged Property is located, insuring the Sponsor and its successors
          and assigns that the Mortgage is a first priority lien on the related Mortgaged
          Property in the original principal amount of the Mortgage Loan. Sponsor
          is the
          sole insured under such lender's title insurance policy, and such policy,
          binder
          or assurance is valid and remains in full force and effect, and each such
          policy, binder or assurance shall contain all applicable endorsements including
          a negative amortization endorsement, if applicable;

         

        (xiv) in
          the
          event the Mortgage constitutes a deed of trust, either a trustee, duly
          qualified
          under applicable law to serve as such, has been properly designated and
          currently so serves and is named in the Mortgage or if no duly qualified
          trustee
          has been properly designated and so serves, the Mortgage contains satisfactory
          provisions for the appointment of such trustee by the holder of the Mortgage
          at
          no cost or expense to such holder, and no fees or expenses are or will
          become
          payable by Purchaser to the trustee under the deed of trust, except in
          connection with a trustee's sale after default by the mortgagor;

         

        (xv) at
          the
          time of origination, each Mortgaged Property was the subject of an appraisal
          which conforms to the Sponsor’s underwriting requirements, and a complete copy
          of such appraisal is contained in the Mortgage File;

         

        (xvi) neither
          the Sponsor nor any servicer of the related Mortgage Loans has advanced
          funds or
          knowingly received any advance of funds by a party other than the Mortgagor,
          directly or indirectly, for the payment of any amount required by the Mortgage,
          except for (i) interest accruing from the date of the related Mortgage
          Note or
          date of disbursement of the Mortgage Loan proceeds, whichever is later,
          to the
          date which precedes by 30 days the first Due Date under the related Mortgage
          Note, and (ii) customary advances for insurance and taxes;

         

        (xvii) each
          Mortgage Note, the related Mortgage and other agreements executed in connection
          therewith are genuine, and each is the legal, valid and binding obligation
          of
          the maker thereof, enforceable in accordance with its terms except as such
          enforcement may be limited by bankruptcy, insolvency, reorganization or
          other
          similar laws affecting the enforcement of creditor's rights generally and
          by
          general equity principles (regardless of whether such enforcement is considered
          in a proceeding in equity or at law); and, to the best of Sponsor’s knowledge,
          all parties to each Mortgage Note and the Mortgage had legal capacity to
          execute
          the Mortgage Note and the Mortgage and each Mortgage Note and Mortgage
          has been
          duly and properly executed by the Mortgagor;

         

        (xviii) to
          the
          extent required under applicable law, each conduit seller and subsequent
          mortgagee or servicer of the Mortgage Loans was authorized to transact
          and do
          business in the jurisdiction in which the related Mortgaged Property is
          located
          at all times when it held or serviced the Mortgage Loan; and any obligations
          of
          the holder of the related Mortgage Note, Mortgage and other loan documents
          have
          been complied with in all material respects; servicing of each Mortgage
          Loan has
          been in accordance with the servicing standard set forth in Section 3.01
          of the
          Pooling and Servicing Agreement and the terms of the Mortgage Notes, the
          Mortgage and other loan documents, whether the creation of such Mortgage
          Loan
          and servicing was done by the Sponsor, its affiliates, or any third party
          which
          created the Mortgage Loan on behalf of, or sold the Mortgage Loan to, any
          of
          them, or any servicing agent of any of the foregoing;

        
          
            
            

          

          
            I-3

            
              

            

          

          
            
            

          

        

         

        (xix) the
          related Mortgage Note and Mortgage contain customary and enforceable provisions
          such as to render the rights and remedies of the holder adequate for the
          realization against the Mortgaged Property of the benefits of the security,
          including realization by judicial, or, if applicable, non judicial foreclosure,
          and, to Sponsor’s knowledge, there is no homestead or other exemption available
          to the Mortgagor which would interfere with such right to
          foreclosure;

         

        (xx) except
          with respect to holdbacks required by certain Mortgage Loans which holdbacks
          create a fund for (i) the repair of Mortgaged Property due to damage from
          adverse weather conditions, or (ii) the completion of new construction,
          or both,
          the proceeds of the Mortgage Loans have been fully disbursed, there is
          no
          requirement for future advances thereunder and any and all requirements
          as to
          completion of any on site or off site improvements and as to disbursements
          of
          any escrow funds therefor have been complied with; and all costs, fees
          and
          expenses incurred in making, closing or recording the Mortgage Loan have
          been
          paid, except recording fees with respect to Mortgages not recorded as of
          the
          Closing Date;

         

        (xxi) as
          of the
          Closing Date, the improvements on each Mortgaged Property securing a Mortgage
          Loan is insured (by an insurer which is acceptable to the Sponsor) against
          loss
          by fire and such hazards as are covered under a standard extended coverage
          endorsement in the locale in which the Mortgaged Property is located, in
          an
          amount which is not less than the lesser of the maximum insurable value
          of the
          improvements securing such Mortgage Loan or the outstanding principal balance
          of
          the Mortgage Loan, but in no event in an amount less than an amount that
          is
          required to prevent the Mortgagor from being deemed to be a co insurer
          thereunder; if the improvement on the Mortgaged Property is a condominium
          unit,
          it is included under the coverage afforded by a blanket policy for the
          condominium project; if upon origination of the related Mortgage Loan,
          the
          improvements on the Mortgaged Property were in an area identified as a
          federally
          designated flood area, a flood insurance policy is in effect in an amount
          representing coverage not less than the least of (i) the outstanding principal
          balance of the Mortgage Loan, (ii) the restorable cost of improvements
          located
          on such Mortgaged Property or (iii) the maximum coverage available under
          federal
          law; and each Mortgage obligates the Mortgagor thereunder to maintain the
          insurance referred to above at the Mortgagor's cost and expense;

         

        (xxii) there
          is
          no monetary default existing under any Mortgage or the related Mortgage
          Note and
          there is no material event which, with the passage of time or with notice
          and
          the expiration of any grace or cure period, would constitute a default,
          breach
          or event of acceleration; and neither the Sponsor, any of its affiliates
          nor any
          servicer of any related Mortgage Loan has taken any action to waive any
          default,
          breach or event of acceleration; no foreclosure action is threatened or
          has been
          commenced with respect to the Mortgage Loan;

        
          
            
            

          

          
            I-4

            
              

            

          

          
            
            

          

        

         

        (xxiii) to
          Sponsor’s knowledge, no Mortgagor, at the time of origination of the applicable
          Mortgage, was a debtor in any state or federal bankruptcy or insolvency
          proceeding;

         

        (xxiv) each
          Mortgage Loan was originated or funded by (a) a savings and loan association,
          savings bank, commercial bank, credit union, insurance company or similar
          institution which is supervised and examined by a federal or state authority
          (or
          originated by (i) a subsidiary of any of the foregoing institutions which
          subsidiary is actually supervised and examined by applicable regulatory
          authorities or (ii) a mortgage loan correspondent of any of the foregoing
          and
          that was originated pursuant to the criteria established by any of the
          foregoing) or (b) a mortgagee approved by the Secretary of Housing and
          Urban
          Development pursuant to sections 203 and 211 of the National Housing Act,
          as
          amended;

         

        (xxv) all
          inspections, licenses and certificates required to be made or issued with
          respect to all occupied portions of the Mortgaged Property and, with respect
          to
          the use and occupancy of the same, including, but not limited to, certificates
          of occupancy and fire underwriting certificates, have been made or obtained
          from
          the appropriate authorities;

         

        (xxvi) to
          Sponsor’s knowledge, the Mortgaged Property and all improvements thereon comply
          with all requirements of any applicable zoning and subdivision laws and
          ordinances;

         

        (xxvii) no
          instrument of release or waiver has been executed in connection with the
          Mortgage Loans, and no Mortgagor has been released, in whole or in part,
          except
          in connection with an assumption agreement which has been approved by the
          primary mortgage guaranty insurer, if any, and which has been delivered
          to the
          Trustee;

         

        (xxviii) [Reserved];

         

        (xxix) no
          Mortgage Loan was originated based on an appraisal of the related Mortgaged
          Property made prior to completion of construction of the improvements thereon
          unless a certificate of completion was obtained prior to closing of the
          Mortgage
          Loan;

         

        (xxx) each
          of
          the Mortgaged Properties consists of a single parcel of real property with
          a
          detached single family residence erected thereon, or a two to four family
          dwelling, or an individual condominium unit in a condominium project or
          a
          townhouse, a condohotel, an individual unit in a PUD or an individual unit
          in a
          de minimis PUD;

         

        (xxxi) no
          Mortgaged Property consists of a single parcel of real property with a
          cooperative housing development erected thereon. Any condominium unit,
          PUD or de
          minimis PUD conforms with Progressive Loan Series Program requirements
          regarding
          such dwellings or is covered by a waiver confirming that such condominium
          unit,
          PUD or de minimis PUD is acceptable to the Sponsor;

         

        (xxxii) each
          Mortgage Loan constitutes a “qualified mortgage” under Section 860G(a)(3)(A) of
          the Code and Treasury Regulation Section 1.860G 2(a)(1);

         

        (xxxiii) with
          respect to each Mortgage Loan directly originated by the Sponsor (and not
          through a third party broker or other third party) as of the Closing Date,
          to
          the best of Sponsor’s knowledge, there has been no fraud, misrepresentation or
          dishonesty with respect to the origination of any Mortgage Loan;

        
          
            
            

          

          
            I-5

            
              

            

          

          
            
            

          

        

         

        (xxxiv) no
          selection procedure reasonably believed by the Sponsor to be adverse to
          the
          interests of the Certificateholders was utilized in selecting the Mortgage
          Loans;

         

        (xxxv) no
          Mortgage Loan is subject to the Home Ownership and Equity Protection Act
          of 1994
          or any comparable state law;

         

        (xxxvi)
          no proceeds from any Mortgage Loan were used to finance single premium
          credit
          insurance policies;

         

        (xxxvii)
          no Mortgage Loan provides for payment of a Prepayment Charge on Principal
          Prepayments made more than five years from the date of the first contractual
          Due
          Date of the related Mortgage Loan;

         

        (xxxviii)
          none of the Mortgage Loans is a “high cost home loan” as defined in the Georgia
          Fair Lending Act, as amended (the “Georgia Act”), the New York Predatory Lending
          Law, codified as N.Y. Banking Law §6 I, N.Y. Gen. Bus. Law §771 a, and N.Y. Real
          Prop. Acts Law §1302 (together, the “New York Act”), the Arkansas Home Loan
          Protection Act, as amended (the “Arkansas Act”), or Kentucky Revised Statutes
§360.100, as amended (the “Kentucky Act”); and all the Mortgage Loans that are
          subject to the Georgia Act, the New York Act, the Arkansas Act and the
          Kentucky
          Act comply with the requirements of each such act. Each Mortgage Loan for
          which
          the related Mortgaged Property is located in the State of Georgia was originated
          prior to October 1, 2002, or on or after March 9, 2003;

         

        (xxxix) 
          no
          mortgage loan in the trust is a “high cost home,” “covered” (excluding home
          loans defined as “covered home loans” in the New Jersey Home Ownership Security
          Act of 2002 that were originated between November 26, 2003 and July 7,
          2004),
“high risk home” or “predatory” loan under any other applicable state, federal
          or local law (or a similarly classified loan using different terminology
          under a
          law imposing heightened regulatory scrutiny or additional legal liability
          for
          residential mortgage loans having high interest rates, points and/or
          fees);

         

        (l) no
          subprime mortgage loan originated on or after October 1, 2002 underlying
          the
          Security will impose a prepayment premium for a term in excess of three
          years.
          Any loans originated prior to such date, and any non subprime loans, will
          not
          impose prepayment penalties in excess of five years;

         

        (li) the
          servicer for each mortgage loan underlying the Security has fully furnished
          and
          will fully furnish, in accordance with the Fair Credit Reporting Act and
          its
          implementing regulations, accurate and complete information (i.e., favorable
          and
          unfavorable) on its borrower credit files to Equifax, Experian, and Trans
          Union
          Credit Information Company (three of the credit repositories), on a monthly
          basis;

         

        (lii) with
          respect to any mortgage loan originated on or after August 1, 2004 and
          underlying the Security, neither the related mortgage nor the related mortgage
          note requires the borrower to submit to arbitration to resolve any dispute
          arising out of or relating in any way to the mortgage loan
          transaction;

        
          
            
            

          

          
            I-6

            
              

            

          

          
            
            

          

        

         

        (liii) No
          mortgage loan is a High Cost Loan or Covered Loan, as applicable (as such
          terms
          are defined in the then current Standard & Poor's LEVELS® Glossary which is
          now Version 5.7 Revised, Appendix E) and no mortgage loan originated on
          or after
          October 1, 2002 through March 6, 2003 is governed by the Georgia Fair Lending
          Act;

         

        (liv) Information
          provided to the rating agencies, including the loan level detail, is true
          and
          correct according to the rating agency requirements;

         

        (lv)
          The
          prepayment penalties included in the transaction are enforceable and were
          originated in compliance with all applicable federal, state and local laws;
          and

         

        (lvi)
          The
          schedule of Prepayment Charges is true and correct.

         

        

         

        

        
          
            
              
              

            

            
              I-7

              
                

              

            

            
              
              

            

          

        

        

        EXHIBIT
          J

         

        FORM
          OF
          NOTICE UNDER SECTION 3.24

         

        February
          22, 2007            

        Deutsche
          Bank National Trust Company

        1761
          East
          St. Andrew Place

        Santa
          Ana, California 92705-4934

         

        
          	 	
                  Re:

                	
                  Impac
                    Secured Assets Corp.

                

        

        Mortgage
          Pass-Through Certificates, Series 2007-1

         

        Pursuant
          to Section 3.24 of the Pooling and Servicing Agreement, dated as of February
          1,
          2007 (the “Pooling and Servicing Agreement”), among Impac Funding Corporation,
          as master servicer, Impac Secured Assets Corp., as depositor (the “Depositor”),
          and Deutsche Bank National Trust Company, as trustee, relating to the
          Certificates referenced above, the undersigned does hereby notify you
          that:

         

        (a) The
          prepayment assumption used in pricing the Certificates with respect to
          the
          Mortgage Loans in Series 2007-1 consisted of a Prepayment Assumption (the
          “Prepayment Assumption”) of ____% per annum.

         

        (b) With
          respect to each Class of Certificates comprising the captioned series,
          set forth
          below is (i) the first price, as a percentage of the Certificate Principal
          Balance or Notional Amount of each Class of Certificates, at which 10%
          of the
          aggregate Certificate Principal Balance or Notional Amount of each such
          Class of
          Certificates was first sold at a single price, if applicable, or (ii) if
          more
          than 10% of a Class of Certificates have been sold but no single price
          is paid
          for at least 10% of the aggregate Certificate Principal Balance or Notional
          Amount of such Class of Certificates, then the weighted average price at
          which
          the Certificates of such Class were sold expressed as a percentage of the
          Certificate Principal Balance or Notional Amount of such Class of Certificates,
          or (iii) if less than 10% of the aggregate Certificate Principal Balance
          or
          Notional Amount of a Class of Certificates has been sold, the purchase
          price for
          each such Class of Certificates paid by [_____________] (the “Underwriter”),
          expressed as a percentage of the Certificate Principal Balance or Notional
          Amount of such Class of Certificates calculated by: (1) estimating the
          fair
          market value of each such Class of Certificates as of February 22, 2007;
          (2)
          adding such estimated fair market value to the aggregate purchase prices
          of each
          Class of Certificates described in clause (i) or (ii) above; (3) dividing
          each
          of the fair market values determined in clause (1) by the sum obtained
          in clause
          (2); (4) multiplying the quotient obtained for each Class of Certificates
          in
          clause (3) by the purchase price paid by the Underwriters for all the
          Certificates purchased by it; and (5) for each Class of Certificates, dividing
          the product obtained from such Class of Certificates in clause (4) by the
          initial Certificate Principal Balance or Notional Amount of such Class
          of
          Certificates or (iv) the fair market value (but not less than zero) as
          of the
          Closing Date of each Certificate of each Class of Certificates retained
          by the
          Company or an affiliate corporation, or delivered to the seller:

        
          
            
            

          

          
            J-1

            
              

            

          

          
            
            

          

        

         

        Series
          2007-1

         

        
          	 	
                  Class
                    A-1:

                	
                  ____%

                

        

         

        
          	 	
                  Class
                    A-2:

                	
                  ____%

                

        

         

        
          	 	
                  Class
                    A-3

                	
                  ____%

                

        

         

        
          	 	
                  Class
                    A-M:

                	
                  ____%

                

        

         

        
          	 	
                  Class
                    M-1:

                	
                  ____%

                

        

         

        
          	 	
                  Class
                    M-2:

                	
                  ____%

                

        

         

        
          	 	
                  Class
                    M-3:

                	
                  ____%

                

        

         

        
          	 	
                  Class
                    M-4:

                	
                  ____%

                

        

         

        
          	 	
                  Class
                    M-5:

                	
                  ____%

                

        

         

        
          	 	
                  Class
                    M-6:

                	
                  ____%

                

        

         

        
          	 	
                  Class
                    M-7:

                	
                  ____%

                

        

         

        
          	 	
                  Class
                    M-8:

                	
                  ____%

                

        

         

        
          	 	
                  Class
                    B:

                	
                  ____%

                

        

         

        
          	 	
                  Class
                    C:

                	
                  ____%

                

        

         

        
          	 	
                  Class
                    P:

                	
                  ____%

                

        

         

        
          	 	
                  Class
                    R:

                	
                  ____%

                

        

         

         

        Capitalized
          terms not defined herein have the meanings assigned to them in the Pooling
          and
          Servicing Agreement.

         

        [SIGNATURE
          PAGE FOLLOWS]

         

        
          
            
              
              

            

            
              J-2

              
                

              

            

            
              
              

            

          

        

        

        The
          prices and values set forth above do not include accrued interest with
          respect
          to periods before the closing.

         

        

        
          	 	
                  IMPAC
                    SECURED ASSETS CORP.

                   

                   

                  By:___________________________

                  Name:

                  Title:

                

        

        

         

        

         

        

        
          
            
              
              

            

            
              J-3

              
                

              

            

            
              
              

            

          

        

        

        EXHIBIT
          K

         

        IMPAC
          SERVICING GUIDE

         

         

        (Provided
          Upon Request)

         

        

         

        

        
          
            
              
              

            

            
              K-1

              
                

              

            

            
              
              

            

          

        

        

        EXHIBIT
          L-1

         

        FORM
          10-K
          CERTIFICATION

         

        

         

        
          	 	
                  Re:

                	
                  Impac
                    Secured Assets Corp., 

                  Mortgage
                    Pass-Through Certificates, Series
                    2007-1

                

        

         

         

        I,
          [identify the certifying individual], certify that:

        

        1.
          I have
          reviewed this report on Form 10-K and all reports on Form 10-D required
          to be
          filed in respect of the period covered by this report on Form 10-K of [identify
          the issuing entity] (the “Exchange Act periodic reports”); 

        

        2.
          Based
          on my knowledge, the Exchange Act periodic reports, taken as a whole, do
          not
          contain any untrue statement of a material fact or omit to state a material
          fact
          necessary to make the statements made, in light of the circumstances under
          which
          such statements were made, not misleading with respect to the period covered
          by
          this report; 

        

        3.
          Based
          on my knowledge, all of the distribution, servicing and other information
          required to be provided under Form 10-D for the period covered by this
          report is
          included in the Exchange Act periodic reports;

        

        4.
          [I am
          responsible for reviewing the activities performed by the servicer(s) and
          based
          on my knowledge and the compliance review(s) conducted in preparing the
          servicer
          compliance statement(s) required in this report under Item 1123 of Regulation
          AB, and except as disclosed in the Exchange Act periodic reports, the
          servicer(s) [has/have] fulfilled [its/their] obligations under the servicing
          agreement(s); and] [Based on my knowledge and the servicer compliance
          statement(s) required in this report under Item 1123 of Regulation AB,
          and
          except as disclosed in the Exchange Act periodic reports, the servicer(s)
          [has/have] fulfilled [its/their] obligations under the servicing agreement(s);
          and]

        

        5.
          All of
          the reports on assessment of compliance with servicing criteria for asset-backed
          securities and their related attestation reports on assessment of compliance
          with servicing criteria for asset-backed securities required to be included
          in
          this report in accordance with Item 1122 of Regulation AB and Exchange
          Act Rules
          13a-18 and 15d-18 have been included as an exhibit to this report, except
          as
          otherwise disclosed in this report. Any material instances of noncompliance
          described in such reports have been disclosed in this report on Form
          10-K. 

        

        [In
          giving the certifications above, I have reasonably relied on information
          provided to me by the following unaffiliated parties [name of servicer,
          sub-servicer, co-servicer, depositor or trustee].]

        

        Date:
          __________________

         

        _______________________

        [Signature]

        [Title]

        
          
            
              
              

            

            
              L-1-1

              
                

              

            

            
              
              

            

          

        

        

        EXHIBIT
          L-2

         

        FORM
          10-K
          BACK-UP CERTIFICATION (MASTER SERVICER)

         

        

         

        
          	 	
                  Re:

                	
                  Impac
                    Secured Assets Corp., 

                  Mortgage
                    Pass-Through Certificates, Series
                    2007-1

                

        

         

        I,
          [Identify the certifying individual], a [______________] of Deutsche Bank
          National Trust Company, as Trustee, hereby certify to Impac Funding Corporation
          and its officers, directors and affiliates, and with the knowledge and
          intent
          that they will rely upon this certification, that:

         

        1. I
          have
          reviewed the annual report on Form 10-K for the fiscal year [__], and all
          reports on Form 8-K containing distribution reports filed in respect of
          periods
          included in the year covered by that annual report, of the Issuer relating
          to
          the above-referenced trust;

         

        2. Based
          on
          my knowledge, the information in these distribution reports prepared by
          the
          Trustee, taken as a whole, does not contain any untrue statement of a material
          fact or omit to state a material fact necessary to make the statements
          made, in
          light of the circumstances under which such statements were made, not misleading
          as of the last day of the period covered by that annual report; and

         

        3. Based
          on
          my knowledge, the distribution information required to be provided by the
          Trustee under the Agreement is included in these distribution
          reports.

         

        Capitalized
          terms used but not defined herein have the meanings ascribed to them in
          the
          Pooling and Servicing Agreement, dated February 1, 2007 (the “Agreement”), among
          Impac Secured Assets Corp., as Depositor, Impac Funding Corporation, as
          Master
          Servicer, and Deutsche Bank National Trust Company, as Trustee.

         

        DEUTSCHE
          BANK NATIONAL TRUST COMPANY, as 

        Trustee

         

        By:__________________________

        Name:

        Title:

         

        Date:

         

        

        

        
          
            
              
              

            

            
              L-2-1

              
                

              

            

            
              
              

            

          

        

        

        EXHIBIT
          L-3

         

        FORM
          10-K
          BACK-UP CERTIFICATION (TRUSTEE)

         

         

        
          	 	
                  Re:

                	
                  Impac
                    Secured Assets Corp., 

                  Mortgage
                    Pass-Through Certificates, Series
                    2007-1

                

        

         

         

        I,
          [Identify the certifying individual], a [_________________] of Deutsche
          Bank
          National Trust Company, as Trustee, hereby certify to Impac Funding Corporation
          and its officers, directors and affiliates, and with the knowledge and
          intent
          that they will rely upon this certification, that:

         

        1. Based
          on
          my knowledge, the distribution information required to be provided by the
          Trustee under the Agreement is included in these distribution
          reports.

         

        Capitalized
          terms used but not defined herein have the meanings ascribed to them in
          the
          Pooling and Servicing Agreement, dated February 1, 2007 (the “Agreement”), among
          Impac Secured Assets Corp., as Depositor, Impac Funding Corporation, as
          Master
          Servicer and Deutsche Bank National Trust Company, as Trustee.

         

        DEUTSCHE
          BANK NATIONAL TRUST COMPANY, 

        as
          Trustee

         

        By:__________________________

        Name:

        Title:

         

        Date:

         

        

         

        

        
          
            
              
              

            

            
              L-3-1

              
                

              

            

            
              
              

            

          

        

        

        EXHIBIT
          L-4

         

        FORM
          OF
          BACK-UP CERTIFICATION TO FORM 10-K CERTIFICATE

         

         

        Re: The
          [                    ]
          agreement dated as of
          [             ],
          200[  ] (the “Agreement”), among [IDENTIFY PARTIES]

         

        I,
          ________________________________, the _______________________ of [NAME
          OF
          COMPANY], certify to [the Purchaser], [the Depositor], and the [Master
          Servicer]
          [Trustee], and their officers, with the knowledge and intent that they
          will rely
          upon this certification, that:

         

        (1) I
          have
          reviewed the servicer compliance statement of the Company provided in accordance
          with Item 1123 of Regulation AB (the “Compliance Statement”), the report on
          assessment of the Company’s compliance with the servicing criteria set forth in
          Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance
          with Rules 13a-18 and 15d-18 under Securities Exchange Act of 1934, as
          amended
          (the “Exchange Act”) and Item 1122 of Regulation AB (the “Servicing
          Assessment”), the registered public accounting firm’s attestation report
          provided in accordance with Rules 13a-18 and 15d-18 under the Exchange
          Act and
          Section 1122(b) of Regulation AB (the “Attestation
          Report”), and all servicing reports, officer’s certificates and other
          information relating to the servicing of the Mortgage Loans by the Company
          during 200[ ] that were delivered by the Company to the [Depositor] [Master
          Servicer] [Trustee] pursuant to the Agreement (collectively, the “Company
          Servicing Information”);

         

        (2) Based
          on
          my knowledge, the Company Servicing Information, taken as a whole, does
          not
          contain any untrue statement of a material fact or omit to state a material
          fact
          necessary to make the statements made, in the light of the circumstances
          under
          which such statements were made, not misleading with respect to the period
          of
          time covered by the Company Servicing Information;

         

        (3) Based
          on
          my knowledge, all of the Company Servicing Information required to be provided
          by the Company under the Agreement has been provided to the [Depositor]
          [Master
          Servicer] [Trustee];

         

        (4) I
          am
          responsible for reviewing the activities performed by the Company as servicer
          under the Agreement, and based on my knowledge and the compliance review
          conducted in preparing the Compliance Statement and except as disclosed
          in the
          Compliance Statement, the Servicing Assessment or the Attestation Report,
          the
          Company has fulfilled its obligations under the Agreement in all material
          respects; and

        
          
            
            

          

          
            L-4-1

            
              

            

          

          
            
            

          

        

         

        (5) The
          Compliance Statement required to be delivered by the Company pursuant to
          the
          Agreement, and the Servicing Assessment and Attestation Report required
          to be
          provided by the Company and by any Subservicer or Subcontractor pursuant
          to the
          Agreement, have been provided to the [Depositor] [Master Servicer]. Any
          material
          instances of noncompliance described in such reports have been disclosed
          to the
          [Depositor] [Master Servicer]. Any material instance of noncompliance with
          the
          Servicing Criteria has been disclosed in such reports.

         

        

        
          	
                  Date:

                	
                  _________________________

                

        

        By:

        
          	
                  Name:
                    

                	
                  ________________________________
                    

                

        

        
          	
                  Title:
                    

                	
                  ________________________________

                

        

        

        

        

        
          
            
              
              

            

            
              L-4-2

              
                

              

            

            
              
              

            

          

        

        

        EXHIBIT
          M

         

        FORM
          OF
          INTEREST RATE SWAP AGREEMENT AND CAP CONTRACTS

         

        
          
            
              
              

            

            
              M-1

              
                

              

            

            
              
              

            

          

        

         

        

        BEAR
          STEARNS FINANCIAL PRODUCTS INC.

        383
          MADISON AVENUE

        NEW
          YORK,
          NEW YORK 10179

        212-272-4009

        

          
            	
                    DATE:

                  	
                    February
                      22, 2007

                  

          

          
            	
                     

                  	 

          

          
            	
                    TO:

                  	
                    Deutsche
                      Bank National Trust Company, not in its individual capacity,
                      but solely as
                      Supplemental Interest Trust Trustee on behalf of the Supplemental
                      Interest
                      Trust with respect to the Impac Secured Assets Trust 2007-1,
                      Impac Secured
                      Assets Corp., Mortgage Pass-Through Certificates, Series
                      2007-1

                  

          

           

          
            	
                    ATTENTION:

                  	
                    Impac
                      Secured Assets Corp. Series 2007-1

                  

          

          c/o
            Deutsche Bank National Trust Company as Trustee  

          
            	
                    TELEPHONE:

                  	
                    714-247-6000

                  

          

          
            	
                    FACSIMILE:

                  	
                    714-247-6285

                  

          

          

          
            	
                    FROM:

                  	
                    Derivatives
                      Documentation

                  

          

          
            	
                    TELEPHONE:

                  	
                    212-272-2711
                      

                  

          

          
            	
                    FACSIMILE: 

                  	
                    212-272-9857
                      

                  

          

          

          
            	
                    SUBJECT:

                  	
                    Fixed
                      Income Derivatives Confirmation 

                  

          

          

          
            	
                    REFERENCE
                      NUMBER(S):

                  	
                    FXNCC9218

                  

          

           

        

        The
          purpose of this letter agreement is to confirm the terms and conditions
          of the
          Transaction entered into on the Trade Date specified below (the "Transaction")
          between Bear Stearns Financial Products Inc. (“Bear Stearns”) and Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1
          (“Party
          B”). This letter agreement constitutes the sole and complete “Confirmation,” as
          referred to in the Master Agreement specified below, with respect to this
          Transaction.

        

        
          	1.
                    	
                  This
                    Confirmation is subject to and incorporates the 2000
                    ISDA Definitions
                    (the “Definitions”), as published by the International Swaps and
                    Derivatives Association, Inc. (“ISDA”). This Confirmation supplements,
                    forms a part of and is subject to the ISDA Master Agreement dated
                    as of
                    February 22, 2007 between Party A and Party B (the agreement,
                    as amended
                    and supplemented from time to time, being referred to herein
                    as the
                    “Master Agreement”). All provisions contained in, or incorporated by
                    reference to, the Master Agreement shall govern the Transaction
                    referenced
                    in this Confirmation except as expressly modified herein. In
                    the event of
                    any inconsistency between this Confirmation and the Definitions
                    or Master
                    Agreement, this Confirmation shall
                    prevail.

                

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        Reference
          Number: FXNCC9218 

        Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1

        February
          22, 2007

        Page
          2 of
          7

        

        
          	
                  2.

                	
                  The
                    terms of the particular Transaction to which this Confirmation
                    relates are
                    as follows:

                
	 	 	 
	 	
                  Type
                    of Transaction:

                	
                  Rate
                    Cap

                
	 	 	 
	 	
                  Notional
                    Amount:

                	
                  With
                    respect to any Calculation Period, the amount set forth for such
                    period on
                    Schedule I attached hereto.

                
	 	 	 
	 	
                  Trade
                    Date:

                	
                  February
                    16, 2007

                
	 	 	 
	 	
                  Effective
                    Date:

                	
                  February
                    26, 2007

                
	 	 	 
	 	
                  Termination
                    Date:

                	
                  November
                    25, 2011, subject to adjustment in accordance with the Business
                    Day Convention.

                
	 	 	 
	 	
                  Fixed
                    Amount (Premium):

                	
                  Inapplicable.
                    The Fixed Amounts for this Transaction and for the Transactions
                    with the
                    Party A Reference Numbers FXNCC9219,
                    FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225,
                    FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238 and FXNCC9239
                    is
                    embedded
                    in the determination of the Additional Amount specified in the
                    Confirmation identified by Party A Reference Number FXNSC9240.

                
	 	 	 
	 	
                  Floating
                    Amounts:

                	 
	 	 	 
	 	
                  Floating
                    Rate Payer:

                	
                  Party
                    A

                
	 	 	 
	 	
                  Cap
                    Rate:

                	
                  5.18500%

                
	 	 	 
	 	
                  Floating
                    Rate Payer 

                	 
	 	
                  Payment
                    Dates:

                	
                  The
                    25th
                    calendar day of each month during the Term
                    of this Transaction, commencing March 25, 2007 and ending on
                    the
                    Termination Date, subject to adjustment in accordance with the
                    Business
                    Day Convention.

                
	 	 	 
	 	
                  Floating
                    Rate Option:

                	
                  USD-LIBOR-BBA

                
	 	 	 

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        

          Reference
            Number: FXNCC9218 

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 3
            of 7

           

        

        
          	 	
                  Designated
                    Maturity:

                	
                  One
                    month

                
	 	 	 
	 	
                  Floating
                    Rate Day 

                	 
	 	
                  Count
                    Fraction:

                	
                  Actual/360

                
	 	 	 
	 	
                  Reset
                    Dates:

                	
                  The
                    first day of each Calculation Period

                
	 	 	 
	 	
                  Compounding:

                	
                  Inapplicable

                
	 	 	 
	 	
                  Business
                    Days:

                	
                  New
                    York

                
	 	 	 
	 	
                  Business
                    Day Convention:

                	
                  Following

                
	 	 	 
	 	
                  Calculation
                    Agent:

                	
                  Party
                    A

                
	 	 	 

        

         

        NEITHER
          THE BEAR STEARNS COMPANIES INC. NOR ANY SUBSIDIARY OR AFFILIATE OF THE
          BEAR
          STEARNS COMPANIES INC. OTHER THAN PARTY A IS AN OBLIGOR OR A CREDIT SUPPORT
          PROVIDER ON THIS TRANSACTION.

        

        
          	
                  3.

                	
                  Account
                    Details and

                	 
	 	
                  Settlement
                    Information:

                	
                  Payments
                    to Party A:

                
	 	 	
                  Citibank,
                    N.A., New York

                
	 	 	
                  ABA
                    Number: 021-0000-89, for the account of

                
	 	 	
                  Bear,
                    Stearns Securities Corp.

                
	 	 	
                  Account
                    Number: 0925-3186, for further credit to

                
	 	 	
                  Bear
                    Stearns Financial Products Inc.

                
	 	 	
                  Sub-account
                    Number: 102-04654-1-3

                
	 	 	
                  Attention:
                    Derivatives Department

                
	 	 	 
	 	 	
                  Payments
                    to Party B:

                
	 	 	
                  Deutsche
                    Bank Trust Company - Americas

                
	 	 	
                  ABA 
                    Number: 021001033      

                
	 	 	
                  Account
                    Number: 014-19-663

                
	 	 	
                  Account
                    Name: NYLTD Funds Control - Stars West

                
	 	 	
                  Ref: 
                    ISAC 2007-1 Derivative Acct - SWAP/Cap
                    pmt

                

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        

          Reference
            Number: FXNCC9218 

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 4
            of 7

           

        

        Additional
          Provisions:

        Non-Reliance. Each
          party represents to the other party that (a) it has not received and is
          not
          relying upon any legal, tax, regulatory, accounting or other advice (whether
          written or oral) of the other party regarding this Transaction, other than
          representations expressly made by that other party in this Confirmation
          and in
          the Master Agreement and (b) in respect of this Transaction, (i) it has
          the
          capacity to evaluate (internally or through independent professional advice)
          this Transaction and has made its own decision to enter into this Transaction
          and (ii) it understands the terms, conditions and risks of this Transaction
          and
          is willing to assume (financially and otherwise) those risks. Party B
          acknowledges that Party A has advised Party B to consult its own tax, accounting
          and legal advisors in connection with this Transaction evidenced by this
          Confirmation and that the Party B has done so.

        

        This
          Confirmation may be executed in several counterparts, each of which shall
          be
          deemed an original but all of which together shall constitute one and the
          same
          instrument.

        

        Party
          B
          hereby agrees to check this Confirmation and to confirm that the foregoing
          correctly sets forth the terms of the Transaction by signing in the space
          provided below and returning to Party A a
          facsimile of the fully-executed Confirmation to 212-272-9857.
          For
          inquiries regarding U.S. Transactions, please contact Derivatives
          Documentation
          by
          telephone at
          212-272-711.
          For all
          other inquiries please contact Derivatives
          Documentation by
          telephone at 353-1-402-6233.
          Originals
          will be provided for your execution upon your request.

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        Reference
          Number: FXNCC9218 

        Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1

        February
          22, 2007

        Page 5
          of 7

         

        We
          are
          very pleased to have executed this Transaction with you and we look forward
          to
          completing other transactions with you in the near future.

        

        Very
          truly yours,

        

        BEAR
          STEARNS FINANCIAL PRODUCTS INC.

        

        

        

        By: 
          _______________________________
Name:
Title:

        

        Party
          B, acting through its duly authorized signatory, hereby agrees to, accepts
          and
          confirms the terms of the foregoing as of the Trade Date.

        

        DEUTSCHE
          BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY
          AS
          SUPPLEMENTAL INTEREST TRUST TRUSTEE ON BEHALF OF THE SUPPLEMENTAL INTEREST
          TRUST
          WITH RESPECT TO THE IMPAC SECURED ASSETS TRUST 2007-1, IMPAC SECURED ASSETS
          CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-1

        

        
          

          By: 
            _______________________________
Name:
Title:

        

        

        am

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        Reference
          Number: FXNCC9218 

        Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1

        February
          22, 2007

        Page 6
          of 7

        SCHEDULE
          I

        (All
          such
          dates adjustment in accordance with the Business Day Convention)

        

        
          	
                  From
                    and including

                	
                  To
                    but excluding

                	
                  Notional
                    Amount

                  (USD)

                
	
                  Effective
                    Date

                	
                  3/25/2007

                	
                  14,759,175

                
	
                  3/25/2007

                	
                  4/25/2007

                	
                  14,613,870

                
	
                  4/25/2007

                	
                  5/25/2007

                	
                  14,435,970

                
	
                  5/25/2007

                	
                  6/25/2007

                	
                  14,225,745

                
	
                  6/25/2007

                	
                  7/25/2007

                	
                  13,983,645

                
	
                  7/25/2007

                	
                  8/25/2007

                	
                  13,710,390

                
	
                  8/25/2007

                	
                  9/25/2007

                	
                  13,406,865

                
	
                  9/25/2007

                	
                  10/25/2007

                	
                  13,074,195

                
	
                  10/25/2007

                	
                  11/25/2007

                	
                  12,713,730

                
	
                  11/25/2007

                	
                  12/25/2007

                	
                  12,327,015

                
	
                  12/25/2007

                	
                  1/25/2008

                	
                  11,951,985

                
	
                  1/25/2008

                	
                  2/25/2008

                	
                  11,588,295

                
	
                  2/25/2008

                	
                  3/25/2008

                	
                  11,235,585

                
	
                  3/25/2008

                	
                  4/25/2008

                	
                  10,893,540

                
	
                  4/25/2008

                	
                  5/25/2008

                	
                  10,561,830

                
	
                  5/25/2008

                	
                  6/25/2008

                	
                  10,240,155

                
	
                  6/25/2008

                	
                  7/25/2008

                	
                  9,928,215

                
	
                  7/25/2008

                	
                  8/25/2008

                	
                  9,625,695

                
	
                  8/25/2008

                	
                  9/25/2008

                	
                  9,332,325

                
	
                  9/25/2008

                	
                  10/25/2008

                	
                  9,047,850

                
	
                  10/25/2008

                	
                  11/25/2008

                	
                  8,771,970

                
	
                  11/25/2008

                	
                  12/25/2008

                	
                  8,504,445

                
	
                  12/25/2008

                	
                  1/25/2009

                	
                  8,245,005

                
	
                  1/25/2009

                	
                  2/25/2009

                	
                  7,993,440

                
	
                  2/25/2009

                	
                  3/25/2009

                	
                  7,749,480

                
	
                  3/25/2009

                	
                  4/25/2009

                	
                  7,512,915

                
	
                  4/25/2009

                	
                  5/25/2009

                	
                  7,283,520

                
	
                  5/25/2009

                	
                  6/25/2009

                	
                  7,061,070

                
	
                  6/25/2009

                	
                  7/25/2009

                	
                  6,845,370

                
	
                  7/25/2009

                	
                  8/25/2009

                	
                  6,636,195

                
	
                  8/25/2009

                	
                  9/25/2009

                	
                  6,433,365

                
	
                  9/25/2009

                	
                  10/25/2009

                	
                  6,236,700

                
	
                  10/25/2009

                	
                  11/25/2009

                	
                  6,045,990

                

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

          Reference
            Number: FXNCC9218 

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 7
            of 7

           

        

        
          	
                  11/25/2009

                	
                  12/25/2009

                	
                  5,861,055

                
	
                  12/25/2009

                	
                  1/25/2010

                	
                  5,681,745

                
	
                  1/25/2010

                	
                  2/25/2010

                	
                  5,507,880

                
	
                  2/25/2010

                	
                  3/25/2010

                	
                  5,339,280

                
	
                  3/25/2010

                	
                  4/25/2010

                	
                  5,175,810

                
	
                  4/25/2010

                	
                  5/25/2010

                	
                  5,017,290

                
	
                  5/25/2010

                	
                  6/25/2010

                	
                  4,863,600

                
	
                  6/25/2010

                	
                  7/25/2010

                	
                  4,714,575

                
	
                  7/25/2010

                	
                  8/25/2010

                	
                  4,570,065

                
	
                  8/25/2010

                	
                  9/25/2010

                	
                  4,429,965

                
	
                  9/25/2010

                	
                  10/25/2010

                	
                  4,294,110

                
	
                  10/25/2010

                	
                  11/25/2010

                	
                  4,162,395

                
	
                  11/25/2010

                	
                  12/25/2010

                	
                  4,034,670

                
	
                  12/25/2010

                	
                  1/25/2011

                	
                  3,910,845

                
	
                  1/25/2011

                	
                  2/25/2011

                	
                  3,790,785

                
	
                  2/25/2011

                	
                  3/25/2011

                	
                  3,674,370

                
	
                  3/25/2011

                	
                  4/25/2011

                	
                  3,561,510

                
	
                  4/25/2011

                	
                  5/25/2011

                	
                  3,452,085

                
	
                  5/25/2011

                	
                  6/25/2011

                	
                  3,345,990

                
	
                  6/25/2011

                	
                  7/25/2011

                	
                  3,243,120

                
	
                  7/25/2011

                	
                  8/25/2011

                	
                  3,143,385

                
	
                  8/25/2011

                	
                  9/25/2011

                	
                  3,046,695

                
	
                  9/25/2011

                	
                  10/25/2011

                	
                  2,952,945

                
	
                  10/25/2011

                	
                  Termination
                    Date

                	
                  2,862,060

                

        

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        

        BEAR
          STEARNS FINANCIAL PRODUCTS INC.

        383
          MADISON AVENUE

        NEW
          YORK,
          NEW YORK 10179

        212-272-4009

        

        

        

        
          	
                  DATE:

                	
                  February
                    22, 2007

                

        

        
          	
                   

                	 

        

        
          	
                  TO:

                	
                  Deutsche
                    Bank National Trust Company, not in its individual capacity,
                    but solely as
                    Supplemental Interest Trust Trustee on behalf of the Supplemental
                    Interest
                    Trust with respect to the Impac Secured Assets Trust 2007-1,
                    Impac Secured
                    Assets Corp., Mortgage Pass-Through Certificates, Series
                    2007-1

                

        

         

        
          	
                  ATTENTION:

                	
                  Impac
                    Secured Assets Corp. Series 2007-1

                

        

        c/o
          Deutsche Bank National Trust Company as Trustee  

        
          	
                  TELEPHONE:

                	
                  714-247-6000

                

        

        
          	
                  FACSIMILE:

                	
                  714-247-6285

                

        

        

        
          	
                  FROM:

                	
                  Derivatives
                    Documentation

                

        

        
          	
                  TELEPHONE:

                	
                  212-272-2711
                    

                

        

        
          	
                  FACSIMILE: 

                	
                  212-272-9857
                    

                

        

        

        
          	
                  SUBJECT:

                	
                  Fixed
                    Income Derivatives Confirmation

                

        

        

        
          	
                  REFERENCE
                    NUMBER(S):

                	
                  FXNCC9219

                

        

        

        The
          purpose of this letter agreement is to confirm the terms and conditions
          of the
          Transaction entered into on the Trade Date specified below (the "Transaction")
          between Bear Stearns Financial Products Inc. (“Party A”) and Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1
          (“Party
          B”). This letter agreement constitutes the sole and complete “Confirmation,” as
          referred to in the Master Agreement specified below, with respect to this
          Transaction.

        

        
          	1.
                    	
                  This
                    Confirmation is subject to and incorporates the 2000
                    ISDA Definitions
                    (the “Definitions”), as published by the International Swaps and
                    Derivatives Association, Inc. (“ISDA”). This Confirmation supplements,
                    forms a part of and is subject to the ISDA Master Agreement dated
                    as of
                    February 22, 2007 between Party A and Party B (the agreement,
                    as amended
                    and supplemented from time to time, being referred to herein
                    as the
                    “Master Agreement”). All provisions contained in, or incorporated by
                    reference to, the Master Agreement shall govern the Transaction
                    referenced
                    in this Confirmation except as expressly modified herein. In
                    the event of
                    any inconsistency between this Confirmation and the Definitions
                    or Master
                    Agreement, this Confirmation shall
                    prevail.

                

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        Reference
          Number: FXNCC9219

        Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1

        February
          22, 2007

        Page
          2 of
          7

         

        
          	
                  2.

                	
                  The
                    terms of the particular Transaction to which this Confirmation
                    relates are
                    as follows:

                
	 	 	 
	 	
                  Type
                    of Transaction:

                	
                  Rate
                    Cap

                
	 	 	 
	 	
                  Notional
                    Amount:

                	
                  With
                    respect to any Calculation Period, the amount set forth for such
                    period on
                    Schedule I attached hereto.

                
	 	 	 
	 	
                  Trade
                    Date:

                	
                  February
                    16, 2007

                
	 	 	 
	 	
                  Effective
                    Date:

                	
                  February
                    26, 2007

                
	 	 	 
	 	
                  Termination
                    Date:

                	
                  November
                    25, 2011, subject to adjustment in accordance with the Business
                    Day Convention.

                
	 	 	 
	 	
                  Fixed
                    Amount (Premium):

                	
                  Inapplicable.
                    The Fixed Amounts for this Transaction and for the Transactions
                    with the
                    Party A Reference Numbers FXNCC9218,
                    FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225,
                    FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238 and
                    FXNCC9239 
                    is
                    embedded
                    in the determination of the Additional Amount specified in the
                    Confirmation identified by Party A Reference Number FXNSC9240.

                
	 	 	 
	 	
                  Floating
                    Amounts:

                	 
	 	 	 
	 	
                  Floating
                    Rate Payer:

                	
                  Party
                    A

                
	 	 	 
	 	
                  Cap
                    Rate:

                	
                  5.18600%

                
	 	 	 
	 	
                  Floating
                    Rate Payer 

                	 
	 	
                  Payment
                    Dates:

                	
                  The
                    25th
                    calendar day of each month during the Term
                    of this Transaction, commencing March 25, 2007 and ending on
                    the
                    Termination Date, subject to adjustment in accordance with the
                    Business
                    Day Convention.

                
	 	 	 
	 	
                  Floating
                    Rate Option:

                	
                  USD-LIBOR-BBA

                
	 	 	 

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

          Reference
            Number: FXNCC9219

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 3
            of 7

           

        

        
          	 	
                  Designated
                    Maturity:

                	
                  One
                    month

                
	 	 	 
	 	
                  Floating
                    Rate Day 

                	 
	 	
                  Count
                    Fraction:

                	
                  Actual/360

                
	 	 	 
	 	
                  Reset
                    Dates:

                	
                  The
                    first day of each Calculation Period

                
	 	 	 
	 	
                  Compounding:

                	
                  Inapplicable

                
	 	 	 
	 	
                  Business
                    Days:

                	
                  New
                    York

                
	 	 	 
	 	
                  Business
                    Day Convention:

                	
                  Following

                
	 	 	 
	 	
                  Calculation
                    Agent:

                	
                  Party
                    A

                

        

        

        NEITHER
          THE BEAR STEARNS COMPANIES INC. NOR ANY SUBSIDIARY OR AFFILIATE OF THE
          BEAR
          STEARNS COMPANIES INC. OTHER THAN PARTY A IS AN OBLIGOR OR A CREDIT SUPPORT
          PROVIDER ON THIS TRANSACTION.

        

        
          	
                  3.

                	
                  Account
                    Details and

                	 
	 	
                  Settlement
                    Information:

                	
                  Payments
                    to Party A:

                
	 	 	
                  Citibank,
                    N.A., New York

                
	 	 	
                  ABA
                    Number: 021-0000-89, for the account of

                
	 	 	
                  Bear,
                    Stearns Securities Corp.

                
	 	 	
                  Account
                    Number: 0925-3186, for further credit to

                
	 	 	
                  Bear
                    Stearns Financial Products Inc.

                
	 	 	
                  Sub-account
                    Number: 102-04654-1-3

                
	 	 	
                  Attention:
                    Derivatives Department

                
	 	 	 
	 	 	
                  Payments
                    to Party B:

                
	 	 	
                  Deutsche
                    Bank Trust Company - Americas

                
	 	 	
                  ABA 
                    Number: 021001033      

                
	 	 	
                  Account
                    Number: 014-19-663

                
	 	 	
                  Account
                    Name: NYLTD Funds Control - Stars West

                
	 	 	
                  Ref: 
                    ISAC 2007-1 Derivative Acct - SWAP/Cap
                    pmt

                

        

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

          
            Reference
              Number: FXNCC9219

            Deutsche
              Bank National Trust Company, not in its individual capacity, but solely
              as
              Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
              Trust
              with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
              Assets
              Corp., Mortgage Pass-Through Certificates, Series 2007-1

            February
              22, 2007

            Page 4
              of 7

             

          

        

        Additional
          Provisions:

        Non-Reliance. Each
          party represents to the other party that (a) it has not received and is
          not
          relying upon any legal, tax, regulatory, accounting or other advice (whether
          written or oral) of the other party regarding this Transaction, other than
          representations expressly made by that other party in this Confirmation
          and in
          the Master Agreement and (b) in respect of this Transaction, (i) it has
          the
          capacity to evaluate (internally or through independent professional advice)
          this Transaction and has made its own decision to enter into this Transaction
          and (ii) it understands the terms, conditions and risks of this Transaction
          and
          is willing to assume (financially and otherwise) those risks. Party B
          acknowledges that Party A has advised Party B to consult its own tax, accounting
          and legal advisors in connection with this Transaction evidenced by this
          Confirmation and that the Party B has done so.

        

        This
          Confirmation may be executed in several counterparts, each of which shall
          be
          deemed an original but all of which together shall constitute one and the
          same
          instrument.

        

        Party
          B
          hereby agrees to check this Confirmation and to confirm that the foregoing
          correctly sets forth the terms of the Transaction by signing in the space
          provided below and returning to Party A a
          facsimile of the fully-executed Confirmation to 212-272-9857.
          For
          inquiries regarding U.S. Transactions, please contact Derivatives
          Documentation
          by
          telephone at
          212-272-711.
          For all
          other inquiries please contact Derivatives
          Documentation by
          telephone at 353-1-402-6233.
          Originals
          will be provided for your execution upon your request.

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        Reference
          Number: FXNCC9219

        Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1

        February
          22, 2007

        Page 5
          of 7

         

        We
          are
          very pleased to have executed this Transaction with you and we look forward
          to
          completing other transactions with you in the near future.

        

        Very
          truly yours,

        

        BEAR
          STEARNS FINANCIAL PRODUCTS INC.

        

         

        By: 
          ______________________________
Name:
Title:

        

        Party
          B, acting through its duly authorized signatory, hereby agrees to, accepts
          and
          confirms the terms of the foregoing as of the Trade Date.

        

        DEUTSCHE
          BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY
          AS
          SUPPLEMENTAL INTEREST TRUST TRUSTEE ON BEHALF OF THE SUPPLEMENTAL INTEREST
          TRUST
          WITH RESPECT TO THE IMPAC SECURED ASSETS TRUST 2007-1, IMPAC SECURED ASSETS
          CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-1

        

        
           

          By: 
            ______________________________
Name:
Title:

          

        

        am

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        Reference
          Number: FXNCC9219

        Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1

        February
          22, 2007

        Page 6
          of 7

        SCHEDULE
          I

        (All
          such
          dates adjustment in accordance with the Business Day Convention)

        

        
          	
                  From
                    and including

                	
                  To
                    but excluding

                	
                  Notional
                    Amount

                  (USD)

                
	
                  Effective
                    Date

                	
                  3/25/2007

                	
                  24,598,625

                
	
                  3/25/2007

                	
                  4/25/2007

                	
                  24,356,450

                
	
                  4/25/2007

                	
                  5/25/2007

                	
                  24,059,950

                
	
                  5/25/2007

                	
                  6/25/2007

                	
                  23,709,575

                
	
                  6/25/2007

                	
                  7/25/2007

                	
                  23,306,075

                
	
                  7/25/2007

                	
                  8/25/2007

                	
                  22,850,650

                
	
                  8/25/2007

                	
                  9/25/2007

                	
                  22,344,775

                
	
                  9/25/2007

                	
                  10/25/2007

                	
                  21,790,325

                
	
                  10/25/2007

                	
                  11/25/2007

                	
                  21,189,550

                
	
                  11/25/2007

                	
                  12/25/2007

                	
                  20,545,025

                
	
                  12/25/2007

                	
                  1/25/2008

                	
                  19,919,975

                
	
                  1/25/2008

                	
                  2/25/2008

                	
                  19,313,825

                
	
                  2/25/2008

                	
                  3/25/2008

                	
                  18,725,975

                
	
                  3/25/2008

                	
                  4/25/2008

                	
                  18,155,900

                
	
                  4/25/2008

                	
                  5/25/2008

                	
                  17,603,050

                
	
                  5/25/2008

                	
                  6/25/2008

                	
                  17,066,925

                
	
                  6/25/2008

                	
                  7/25/2008

                	
                  16,547,025

                
	
                  7/25/2008

                	
                  8/25/2008

                	
                  16,042,825

                
	
                  8/25/2008

                	
                  9/25/2008

                	
                  15,553,875

                
	
                  9/25/2008

                	
                  10/25/2008

                	
                  15,079,750

                
	
                  10/25/2008

                	
                  11/25/2008

                	
                  14,619,950

                
	
                  11/25/2008

                	
                  12/25/2008

                	
                  14,174,075

                
	
                  12/25/2008

                	
                  1/25/2009

                	
                  13,741,675

                
	
                  1/25/2009

                	
                  2/25/2009

                	
                  13,322,400

                
	
                  2/25/2009

                	
                  3/25/2009

                	
                  12,915,800

                
	
                  3/25/2009

                	
                  4/25/2009

                	
                  12,521,525

                
	
                  4/25/2009

                	
                  5/25/2009

                	
                  12,139,200

                
	
                  5/25/2009

                	
                  6/25/2009

                	
                  11,768,450

                
	
                  6/25/2009

                	
                  7/25/2009

                	
                  11,408,950

                
	
                  7/25/2009

                	
                  8/25/2009

                	
                  11,060,325

                
	
                  8/25/2009

                	
                  9/25/2009

                	
                  10,722,275

                
	
                  9/25/2009

                	
                  10/25/2009

                	
                  10,394,500

                
	
                  10/25/2009

                	
                  11/25/2009

                	
                  10,076,650

                

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

          Reference
            Number: FXNCC9219

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 7
            of 7

           

        

        
          	
                  11/25/2009

                	
                  12/25/2009

                	
                  9,768,425

                
	
                  12/25/2009

                	
                  1/25/2010

                	
                  9,469,575

                
	
                  1/25/2010

                	
                  2/25/2010

                	
                  9,179,800

                
	
                  2/25/2010

                	
                  3/25/2010

                	
                  8,898,800

                
	
                  3/25/2010

                	
                  4/25/2010

                	
                  8,626,350

                
	
                  4/25/2010

                	
                  5/25/2010

                	
                  8,362,150

                
	
                  5/25/2010

                	
                  6/25/2010

                	
                  8,106,000

                
	
                  6/25/2010

                	
                  7/25/2010

                	
                  7,857,625

                
	
                  7/25/2010

                	
                  8/25/2010

                	
                  7,616,775

                
	
                  8/25/2010

                	
                  9/25/2010

                	
                  7,383,275

                
	
                  9/25/2010

                	
                  10/25/2010

                	
                  7,156,850

                
	
                  10/25/2010

                	
                  11/25/2010

                	
                  6,937,325

                
	
                  11/25/2010

                	
                  12/25/2010

                	
                  6,724,450

                
	
                  12/25/2010

                	
                  1/25/2011

                	
                  6,518,075

                
	
                  1/25/2011

                	
                  2/25/2011

                	
                  6,317,975

                
	
                  2/25/2011

                	
                  3/25/2011

                	
                  6,123,950

                
	
                  3/25/2011

                	
                  4/25/2011

                	
                  5,935,850

                
	
                  4/25/2011

                	
                  5/25/2011

                	
                  5,753,475

                
	
                  5/25/2011

                	
                  6/25/2011

                	
                  5,576,650

                
	
                  6/25/2011

                	
                  7/25/2011

                	
                  5,405,200

                
	
                  7/25/2011

                	
                  8/25/2011

                	
                  5,238,975

                
	
                  8/25/2011

                	
                  9/25/2011

                	
                  5,077,825

                
	
                  9/25/2011

                	
                  10/25/2011

                	
                  4,921,575

                
	
                  10/25/2011

                	
                  Termination
                    Date

                	
                  4,770,100

                

        

        

        
           

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          

          

        

        BEAR
          STEARNS FINANCIAL PRODUCTS INC.

        
          383
            MADISON AVENUE

          NEW
            YORK,
            NEW YORK 10179

          212-272-4009

          

          

          

          
            	
                    DATE:

                  	
                    February
                      22, 2007

                  

          

          
            	
                     

                  	 

          

          
            	
                    TO:

                  	
                    Deutsche
                      Bank National Trust Company, not in its individual capacity,
                      but solely as
                      Supplemental Interest Trust Trustee on behalf of the Supplemental
                      Interest
                      Trust with respect to the Impac Secured Assets Trust 2007-1,
                      Impac Secured
                      Assets Corp., Mortgage Pass-Through Certificates, Series
                      2007-1

                  

          

           

          
            	
                    ATTENTION:

                  	
                    Impac
                      Secured Assets Corp. Series 2007-1

                  

          

          c/o
            Deutsche Bank National Trust Company as Trustee  

          
            	
                    TELEPHONE:

                  	
                    714-247-6000

                  

          

          
            	
                    FACSIMILE:

                  	
                    714-247-6285

                  

          

          

          
            	
                    FROM:

                  	
                    Derivatives
                      Documentation

                  

          

          
            	
                    TELEPHONE:

                  	
                    212-272-2711
                      

                  

          

          
            	
                    FACSIMILE: 

                  	
                    212-272-9857
                      

                  

          

          

          
            	
                    SUBJECT:

                  	
                    Fixed
                      Income Derivatives Confirmation

                  

          

          

          
            	
                    REFERENCE
                      NUMBER(S):

                  	
                    FXNCC9220

                  

          

          

          The
            purpose of this letter agreement is to confirm the terms and conditions
            of the
            Transaction entered into on the Trade Date specified below (the "Transaction")
            between Bear Stearns Financial Products Inc. (“Party A”) and Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1
            (“Party
            B”). This letter agreement constitutes the sole and complete “Confirmation,” as
            referred to in the Master Agreement specified below, with respect to
            this
            Transaction.

          

          	1.
                    	
                  This
                    Confirmation is subject to and incorporates the 2000 ISDA
                    Definitions (the “Definitions”), as published by the International
                    Swaps and Derivatives Association, Inc. (“ISDA”). This Confirmation
                    supplements, forms a part of and is subject to the ISDA Master
                    Agreement
                    dated as of February 22, 2007 between Party A and Party B (the
                    agreement,
                    as amended and supplemented from time to time, being referred
                    to herein as
                    the “Master Agreement”). All provisions contained in, or incorporated by
                    reference to, the Master Agreement shall govern the Transaction
                    referenced
                    in this Confirmation except as expressly modified herein. In
                    the event of
                    any inconsistency between this Confirmation and the Definitions
                    or Master
                    Agreement, this Confirmation shall
                    prevail.

                

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9220

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page
            2 of
            7

          

          
            	
                    2.

                  	
                    The
                      terms of the particular Transaction to which this Confirmation
                      relates are
                      as follows:

                  
	 	 	 
	 	
                    Type
                      of Transaction:

                  	
                    Rate
                      Cap

                  
	 	 	 
	 	
                    Notional
                      Amount:

                  	
                    With
                      respect to any Calculation Period, the amount set forth for
                      such period on
                      Schedule I attached hereto.

                  
	 	 	 
	 	
                    Trade
                      Date:

                  	
                    February
                      16, 2007

                  
	 	 	 
	 	
                    Effective
                      Date:

                  	
                    February
                      26, 2007

                  
	 	 	 
	 	
                    Termination
                      Date:

                  	
                    November
                      25, 2011, subject to adjustment in accordance with the Business
                      Day Convention.

                  
	 	 	 
	 	
                    Fixed
                      Amount (Premium):

                  	
                    Inapplicable.
                      The Fixed Amounts for this Transaction and for the Transactions
                      with the
                      Party A Reference Numbers FXNCC9218,
                      FXNCC9219, FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225,
                      FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238 and FXNCC9239
                      is
                      embedded
                      in the determination of the Additional Amount specified in
                      the
                      Confirmation identified by Party A Reference Number FXNSC9240.

                  
	 	 	 
	 	
                    Floating
                      Amounts:

                  	 
	 	 	 
	 	
                    Floating
                      Rate Payer:

                  	
                    Party
                      A

                  
	 	 	 
	 	
                    Cap
                      Rate:

                  	
                    5.16700%

                  
	 	 	 
	 	
                    Floating
                      Rate Payer 

                  	 
	 	
                    Payment
                      Dates:

                  	
                    The
                      25th
                      calendar day of each month during the Term
                      of this Transaction, commencing March 25, 2007 and ending on
                      the
                      Termination Date, subject to adjustment in accordance with
                      the Business
                      Day Convention.

                  
	 	 	 
	 	
                    Floating
                      Rate Option:

                  	
                    USD-LIBOR-BBA

                  
	 	 	 

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

            Reference
              Number: FXNCC9220

            Deutsche
              Bank National Trust Company, not in its individual capacity, but solely
              as
              Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
              Trust
              with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
              Assets
              Corp., Mortgage Pass-Through Certificates, Series 2007-1

            February
              22, 2007

            Page 3
              of 7

             

          

          
            	 	
                    Designated
                      Maturity:

                  	
                    One
                      month

                  
	 	 	 
	 	
                    Floating
                      Rate Day 

                  	 
	 	
                    Count
                      Fraction:

                  	
                    Actual/360

                  
	 	 	 
	 	
                    Reset
                      Dates:

                  	
                    The
                      first day of each Calculation Period

                  
	 	 	 
	 	
                    Compounding:

                  	
                    Inapplicable

                  
	 	 	 
	 	
                    Business
                      Days:

                  	
                    New
                      York

                  
	 	 	 
	 	
                    Business
                      Day Convention:

                  	
                    Following

                  
	 	 	 
	 	
                    Calculation
                      Agent:

                  	
                    Party
                      A

                  

          

          

          NEITHER
            THE BEAR STEARNS COMPANIES INC. NOR ANY SUBSIDIARY OR AFFILIATE OF THE
            BEAR
            STEARNS COMPANIES INC. OTHER THAN PARTY A IS AN OBLIGOR OR A CREDIT SUPPORT
            PROVIDER ON THIS TRANSACTION.

          

          
            	
                    3.

                  	
                    Account
                      Details and

                  	 
	 	
                    Settlement
                      Information:

                  	
                    Payments
                      to Party A:

                  
	 	 	
                    Citibank,
                      N.A., New York

                  
	 	 	
                    ABA
                      Number: 021-0000-89, for the account of

                  
	 	 	
                    Bear,
                      Stearns Securities Corp.

                  
	 	 	
                    Account
                      Number: 0925-3186, for further credit to

                  
	 	 	
                    Bear
                      Stearns Financial Products Inc.

                  
	 	 	
                    Sub-account
                      Number: 102-04654-1-3

                  
	 	 	
                    Attention:
                      Derivatives Department

                  
	 	 	 
	 	 	
                    Payments
                      to Party B:

                  
	 	 	
                    Deutsche
                      Bank Trust Company - Americas

                  
	 	 	
                    ABA 
                      Number: 021001033      

                  
	 	 	
                    Account
                      Number: 014-19-663

                  
	 	 	
                    Account
                      Name: NYLTD Funds Control - Stars West

                  
	 	 	
                    Ref: 
                      ISAC 2007-1 Derivative Acct - SWAP/Cap
                      pmt

                  

          

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

            
              Reference
                Number: FXNCC9220

              Deutsche
                Bank National Trust Company, not in its individual capacity, but
                solely as
                Supplemental Interest Trust Trustee on behalf of the Supplemental
                Interest Trust
                with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
                Assets
                Corp., Mortgage Pass-Through Certificates, Series 2007-1

              February
                22, 2007

              Page 4
                of 7

               

            

          

          Additional
            Provisions:

          Non-Reliance. Each
            party represents to the other party that (a) it has not received and
            is not
            relying upon any legal, tax, regulatory, accounting or other advice (whether
            written or oral) of the other party regarding this Transaction, other
            than
            representations expressly made by that other party in this Confirmation
            and in
            the Master Agreement and (b) in respect of this Transaction, (i) it has
            the
            capacity to evaluate (internally or through independent professional
            advice)
            this Transaction and has made its own decision to enter into this Transaction
            and (ii) it understands the terms, conditions and risks of this Transaction
            and
            is willing to assume (financially and otherwise) those risks. Party B
            acknowledges that Party A has advised Party B to consult its own tax,
            accounting
            and legal advisors in connection with this Transaction evidenced by this
            Confirmation and that the Party B has done so.

          

          This
            Confirmation may be executed in several counterparts, each of which shall
            be
            deemed an original but all of which together shall constitute one and
            the same
            instrument.

          

          Party
            B
            hereby agrees to check this Confirmation and to confirm that the foregoing
            correctly sets forth the terms of the Transaction by signing in the space
            provided below and returning to Party A a
            facsimile of the fully-executed Confirmation to 212-272-9857.
            For
            inquiries regarding U.S. Transactions, please contact Derivatives
            Documentation
            by
            telephone at
            212-272-711.
            For all
            other inquiries please contact Derivatives
            Documentation by
            telephone at 353-1-402-6233.
            Originals
            will be provided for your execution upon your request.

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9220

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 5
            of 7

           

          We
            are
            very pleased to have executed this Transaction with you and we look forward
            to
            completing other transactions with you in the near future.

          

          Very
            truly yours,

          

          BEAR
            STEARNS FINANCIAL PRODUCTS INC.

          

           

          By: 
            _______________________________
Name:
Title:

          

          Party
            B, acting through its duly authorized signatory, hereby agrees to, accepts
            and
            confirms the terms of the foregoing as of the Trade Date.

          

          DEUTSCHE
            BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY
            AS
            SUPPLEMENTAL INTEREST TRUST TRUSTEE ON BEHALF OF THE SUPPLEMENTAL INTEREST
            TRUST
            WITH RESPECT TO THE IMPAC SECURED ASSETS TRUST 2007-1, IMPAC SECURED
            ASSETS
            CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-1

          

          
             

            By: 
              _______________________________
Name:
Title:

          

          

          am

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9220

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 6
            of 7

          SCHEDULE
            I

          (All
            such
            dates adjustment in accordance with the Business Day Convention)

          

          
            	
                    From
                      and including

                  	
                    To
                      but excluding

                  	
                    Notional
                      Amount

                    (USD)

                  
	
                    Effective
                      Date

                  	
                    3/25/2007

                  	
                    19,678,900

                  
	
                    3/25/2007

                  	
                    4/25/2007

                  	
                    19,485,160

                  
	
                    4/25/2007

                  	
                    5/25/2007

                  	
                    19,247,960

                  
	
                    5/25/2007

                  	
                    6/25/2007

                  	
                    18,967,660

                  
	
                    6/25/2007

                  	
                    7/25/2007

                  	
                    18,644,860

                  
	
                    7/25/2007

                  	
                    8/25/2007

                  	
                    18,280,520

                  
	
                    8/25/2007

                  	
                    9/25/2007

                  	
                    17,875,820

                  
	
                    9/25/2007

                  	
                    10/25/2007

                  	
                    17,432,260

                  
	
                    10/25/2007

                  	
                    11/25/2007

                  	
                    16,951,640

                  
	
                    11/25/2007

                  	
                    12/25/2007

                  	
                    16,436,020

                  
	
                    12/25/2007

                  	
                    1/25/2008

                  	
                    15,935,980

                  
	
                    1/25/2008

                  	
                    2/25/2008

                  	
                    15,451,060

                  
	
                    2/25/2008

                  	
                    3/25/2008

                  	
                    14,980,780

                  
	
                    3/25/2008

                  	
                    4/25/2008

                  	
                    14,524,720

                  
	
                    4/25/2008

                  	
                    5/25/2008

                  	
                    14,082,440

                  
	
                    5/25/2008

                  	
                    6/25/2008

                  	
                    13,653,540

                  
	
                    6/25/2008

                  	
                    7/25/2008

                  	
                    13,237,620

                  
	
                    7/25/2008

                  	
                    8/25/2008

                  	
                    12,834,260

                  
	
                    8/25/2008

                  	
                    9/25/2008

                  	
                    12,443,100

                  
	
                    9/25/2008

                  	
                    10/25/2008

                  	
                    12,063,800

                  
	
                    10/25/2008

                  	
                    11/25/2008

                  	
                    11,695,960

                  
	
                    11/25/2008

                  	
                    12/25/2008

                  	
                    11,339,260

                  
	
                    12/25/2008

                  	
                    1/25/2009

                  	
                    10,993,340

                  
	
                    1/25/2009

                  	
                    2/25/2009

                  	
                    10,657,920

                  
	
                    2/25/2009

                  	
                    3/25/2009

                  	
                    10,332,640

                  
	
                    3/25/2009

                  	
                    4/25/2009

                  	
                    10,017,220

                  
	
                    4/25/2009

                  	
                    5/25/2009

                  	
                    9,711,360

                  
	
                    5/25/2009

                  	
                    6/25/2009

                  	
                    9,414,760

                  
	
                    6/25/2009

                  	
                    7/25/2009

                  	
                    9,127,160

                  
	
                    7/25/2009

                  	
                    8/25/2009

                  	
                    8,848,260

                  
	
                    8/25/2009

                  	
                    9/25/2009

                  	
                    8,577,820

                  
	
                    9/25/2009

                  	
                    10/25/2009

                  	
                    8,315,600

                  
	
                    10/25/2009

                  	
                    11/25/2009

                  	
                    8,061,320

                  

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

            Reference
              Number: FXNCC9220

            Deutsche
              Bank National Trust Company, not in its individual capacity, but solely
              as
              Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
              Trust
              with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
              Assets
              Corp., Mortgage Pass-Through Certificates, Series 2007-1

            February
              22, 2007

            Page 7
              of 7

             

          

          
            	
                    11/25/2009

                  	
                    12/25/2009

                  	
                    7,814,740

                  
	
                    12/25/2009

                  	
                    1/25/2010

                  	
                    7,575,660

                  
	
                    1/25/2010

                  	
                    2/25/2010

                  	
                    7,343,840

                  
	
                    2/25/2010

                  	
                    3/25/2010

                  	
                    7,119,040

                  
	
                    3/25/2010

                  	
                    4/25/2010

                  	
                    6,901,080

                  
	
                    4/25/2010

                  	
                    5/25/2010

                  	
                    6,689,720

                  
	
                    5/25/2010

                  	
                    6/25/2010

                  	
                    6,484,800

                  
	
                    6/25/2010

                  	
                    7/25/2010

                  	
                    6,286,100

                  
	
                    7/25/2010

                  	
                    8/25/2010

                  	
                    6,093,420

                  
	
                    8/25/2010

                  	
                    9/25/2010

                  	
                    5,906,620

                  
	
                    9/25/2010

                  	
                    10/25/2010

                  	
                    5,725,480

                  
	
                    10/25/2010

                  	
                    11/25/2010

                  	
                    5,549,860

                  
	
                    11/25/2010

                  	
                    12/25/2010

                  	
                    5,379,560

                  
	
                    12/25/2010

                  	
                    1/25/2011

                  	
                    5,214,460

                  
	
                    1/25/2011

                  	
                    2/25/2011

                  	
                    5,054,380

                  
	
                    2/25/2011

                  	
                    3/25/2011

                  	
                    4,899,160

                  
	
                    3/25/2011

                  	
                    4/25/2011

                  	
                    4,748,680

                  
	
                    4/25/2011

                  	
                    5/25/2011

                  	
                    4,602,780

                  
	
                    5/25/2011

                  	
                    6/25/2011

                  	
                    4,461,320

                  
	
                    6/25/2011

                  	
                    7/25/2011

                  	
                    4,324,160

                  
	
                    7/25/2011

                  	
                    8/25/2011

                  	
                    4,191,180

                  
	
                    8/25/2011

                  	
                    9/25/2011

                  	
                    4,062,260

                  
	
                    9/25/2011

                  	
                    10/25/2011

                  	
                    3,937,260

                  
	
                    10/25/2011

                  	
                    Termination
                      Date

                  	
                    3,816,080

                  

          

           

          
            

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

            

          

          
            BEAR
              STEARNS FINANCIAL PRODUCTS INC.

          

        

        
          383
            MADISON AVENUE

          NEW
            YORK,
            NEW YORK 10179

          212-272-4009

          

          

          

          
            	
                    DATE:

                  	
                    February
                      22, 2007

                  

          

          
            	
                     

                  	 

          

          
            	
                    TO:

                  	
                    Deutsche
                      Bank National Trust Company, not in its individual capacity,
                      but solely as
                      Supplemental Interest Trust Trustee on behalf of the Supplemental
                      Interest
                      Trust with respect to the Impac Secured Assets Trust 2007-1,
                      Impac Secured
                      Assets Corp., Mortgage Pass-Through Certificates, Series
                      2007-1

                  

          

           

          
            	
                    ATTENTION:

                  	
                    Impac
                      Secured Assets Corp. Series 2007-1

                  

          

          c/o
            Deutsche Bank National Trust Company as Trustee  

          
            	
                    TELEPHONE:

                  	
                    714-247-6000

                  

          

          
            	
                    FACSIMILE:

                  	
                    714-247-6285

                  

          

          

          
            	
                    FROM:

                  	
                    Derivatives
                      Documentation

                  

          

          
            	
                    TELEPHONE:

                  	
                    212-272-2711
                      

                  

          

          
            	
                    FACSIMILE: 

                  	
                    212-272-9857
                      

                  

          

          

          
            	
                    SUBJECT:

                  	
                    Fixed
                      Income Derivatives Confirmation

                  

          

          

          
            	
                    REFERENCE
                      NUMBER(S):

                  	
                    FXNCC9221

                  

          

          

          The
            purpose of this letter agreement is to confirm the terms and conditions
            of the
            Transaction entered into on the Trade Date specified below (the "Transaction")
            between Bear Stearns Financial Products Inc. (“Bear Stearns”) and Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1
            (“Counterparty”). This letter agreement constitutes the sole and complete
“Confirmation,” as referred to in the Master Agreement specified below, with
            respect to this Transaction.

          

          	1.
                    	
                  This
                    Confirmation is subject to and incorporates the 2000
                    ISDA Definitions
                    (the “Definitions”), as published by the International Swaps and
                    Derivatives Association, Inc. (“ISDA”). This Confirmation supplements,
                    forms a part of and is subject to the ISDA Master Agreement dated
                    as of
                    February 22, 2007 between Bear Stearns and Counterparty (the
                    agreement, as
                    amended and supplemented from time to time, being referred to
                    herein as
                    the “Master Agreement”). All provisions contained in, or incorporated by
                    reference to, the Master Agreement shall govern the Transaction
                    referenced
                    in this Confirmation except as expressly modified herein. In
                    the event of
                    any inconsistency between this Confirmation and the Definitions
                    or Master
                    Agreement, this Confirmation shall
                    prevail.

                

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9221

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page
            2 of
            6

          

          
            	
                    2.

                  	
                    The
                      terms of the particular Transaction to which this Confirmation
                      relates are
                      as follows:

                  
	 	 	 
	 	
                    Type
                      of Transaction:

                  	
                    Rate
                      Cap

                  
	 	 	 
	 	
                    Notional
                      Amount:

                  	
                    With
                      respect to any Calculation Period, the amount set forth for
                      such period on
                      Schedule I attached hereto.

                  
	 	 	 
	 	
                    Trade
                      Date:

                  	
                    February
                      16, 2007

                  
	 	 	 
	 	
                    Effective
                      Date:

                  	
                    February
                      26, 2007

                  
	 	 	 
	 	
                    Termination
                      Date:

                  	
                    November
                      25, 2008, subject to adjustment in accordance with the Business
                      Day Convention.

                  
	 	 	 
	 	
                    Fixed
                      Amount (Premium):

                  	
                    Inapplicable.
                      The Fixed Amounts for this Transaction and for the Transactions
                      with the
                      Bear Stearns Reference Numbers FXNCC9218,
                      FXNCC9219, FXNCC9220, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225,
                      FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238 and FXNCC9239
                      is
                      embedded
                      in the determination of the Additional Amount specified in
                      the
                      Confirmation identified by Bear Stearns Reference Number FXNSC9240.

                  
	 	 	 
	 	
                    Floating
                      Amounts:

                  	 
	 	 	 
	 	
                    Floating
                      Rate Payer:

                  	
                    Bear
                      Stearns

                  
	 	 	 
	 	
                    Cap
                      Rate:

                  	
                    5.14125%

                  
	 	 	 
	 	
                    Floating
                      Rate Payer 

                  	 
	 	
                    Payment
                      Dates:

                  	
                    The
                      25th
                      calendar day of each month during the Term
                      of this Transaction, commencing March 25, 2007 and ending on
                      the
                      Termination Date, subject to adjustment in accordance with
                      the Business
                      Day Convention.

                  
	 	 	 
	 	
                    Floating
                      Rate Option:

                  	
                    USD-LIBOR-BBA

                  
	 	 	 

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

            Reference
              Number: FXNCC9221

            Deutsche
              Bank National Trust Company, not in its individual capacity, but solely
              as
              Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
              Trust
              with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
              Assets
              Corp., Mortgage Pass-Through Certificates, Series 2007-1

            February
              22, 2007

            Page 3
              of 6

             

          

          
            	 	
                    Designated
                      Maturity:

                  	
                    One
                      month

                  
	 	 	 
	 	
                    Floating
                      Rate Day 

                  	 
	 	
                    Count
                      Fraction:

                  	
                    Actual/360

                  
	 	 	 
	 	
                    Reset
                      Dates:

                  	
                    The
                      first day of each Calculation Period

                  
	 	 	 
	 	
                    Compounding:

                  	
                    Inapplicable

                  
	 	 	 
	 	
                    Business
                      Days:

                  	
                    New
                      York

                  
	 	 	 
	 	
                    Business
                      Day Convention:

                  	
                    Following

                  
	 	 	 
	 	
                    Calculation
                      Agent:

                  	
                    Bear
                      Stearns

                  

          

          

          NEITHER
            THE BEAR STEARNS COMPANIES INC. NOR ANY SUBSIDIARY OR AFFILIATE OF THE
            BEAR
            STEARNS COMPANIES INC. OTHER THAN BEAR STEARNS IS AN OBLIGOR OR A CREDIT
            SUPPORT
            PROVIDER ON THIS TRANSACTION.

          

          
            	
                    3.

                  	
                    Account
                      Details and

                  	 
	 	
                    Settlement
                      Information:

                  	
                    Payments
                      to Bear Stearns:

                  
	 	 	
                    Citibank,
                      N.A., New York

                  
	 	 	
                    ABA
                      Number: 021-0000-89, for the account of

                  
	 	 	
                    Bear,
                      Stearns Securities Corp.

                  
	 	 	
                    Account
                      Number: 0925-3186, for further credit to

                  
	 	 	
                    Bear
                      Stearns Financial Products Inc.

                  
	 	 	
                    Sub-account
                      Number: 102-04654-1-3

                  
	 	 	
                    Attention:
                      Derivatives Department

                  
	 	 	 
	 	 	
                    Payments
                      to Counterparty:

                  
	 	 	
                    Deutsche
                      Bank Trust Company - Americas

                  
	 	 	
                    ABA 
                      Number: 021001033      

                  
	 	 	
                    Account
                      Number: 014-19-663

                  
	 	 	
                    Account
                      Name: NYLTD Funds Control - Stars West

                  
	 	 	
                    Ref: 
                      ISAC 2007-1 Derivative Acct - SWAP/Cap
                      pmt

                  

          

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

            
              Reference
                Number: FXNCC9221

              Deutsche
                Bank National Trust Company, not in its individual capacity, but
                solely as
                Supplemental Interest Trust Trustee on behalf of the Supplemental
                Interest Trust
                with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
                Assets
                Corp., Mortgage Pass-Through Certificates, Series 2007-1

              February
                22, 2007

              Page 4
                of 6

               

            

          

          Additional
            Provisions:

          Non-Reliance. Each
            party represents to the other party that (a) it has not received and
            is not
            relying upon any legal, tax, regulatory, accounting or other advice (whether
            written or oral) of the other party regarding this Transaction, other
            than
            representations expressly made by that other party in this Confirmation
            and in
            the Master Agreement and (b) in respect of this Transaction, (i) it has
            the
            capacity to evaluate (internally or through independent professional
            advice)
            this Transaction and has made its own decision to enter into this Transaction
            and (ii) it understands the terms, conditions and risks of this Transaction
            and
            is willing to assume (financially and otherwise) those risks. Counterparty
            acknowledges that Bear Stearns has advised Counterparty to consult its
            own tax,
            accounting and legal advisors in connection with this Transaction evidenced
            by
            this Confirmation and that the Counterparty has done so.

          

          This
            Confirmation may be executed in several counterparts, each of which shall
            be
            deemed an original but all of which together shall constitute one and
            the same
            instrument.

          

          Counterparty
            hereby agrees to check this Confirmation and to confirm that the foregoing
            correctly sets forth the terms of the Transaction by signing in the space
            provided below and returning to Bear Stearns a
            facsimile of the fully-executed Confirmation to 212-272-9857.
            For
            inquiries regarding U.S. Transactions, please contact Derivatives
            Documentation
            by
            telephone at
            212-272-711.
            For all
            other inquiries please contact Derivatives
            Documentation by
            telephone at 353-1-402-6233.
            Originals
            will be provided for your execution upon your request.

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9221

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 5
            of 6

          We
            are
            very pleased to have executed this Transaction with you and we look forward
            to
            completing other transactions with you in the near future.

          

          Very
            truly yours,

          

          BEAR
            STEARNS FINANCIAL PRODUCTS INC.

          
 

          By: 
            _______________________________
Name:
Title:

          

          Counterparty,
            acting through its duly authorized signatory, hereby agrees to, accepts
            and
            confirms the terms of the foregoing as of the Trade Date.

          

          DEUTSCHE
            BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY
            AS
            SUPPLEMENTAL INTEREST TRUST TRUSTEE ON BEHALF OF THE SUPPLEMENTAL INTEREST
            TRUST
            WITH RESPECT TO THE IMPAC SECURED ASSETS TRUST 2007-1, IMPAC SECURED
            ASSETS
            CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-1

          

          

          
            By: 
              _______________________________
Name:
Title:

             

          

          am

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9221

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 6
            of 6

          SCHEDULE
            I

          (All
            such
            dates adjustment in accordance with the Business Day Convention)

          

          
            	
                    From
                      and including

                  	
                    To
                      but excluding

                  	
                    Notional
                      Amount

                    (USD)

                  
	
                    Effective
                      Date

                  	
                    3/25/2007

                  	
                    19,678,900

                  
	
                    3/25/2007

                  	
                    4/25/2007

                  	
                    19,485,158

                  
	
                    4/25/2007

                  	
                    5/25/2007

                  	
                    19,247,960

                  
	
                    5/25/2007

                  	
                    6/25/2007

                  	
                    18,967,654

                  
	
                    6/25/2007

                  	
                    7/25/2007

                  	
                    18,644,868

                  
	
                    7/25/2007

                  	
                    8/25/2007

                  	
                    18,280,520

                  
	
                    8/25/2007

                  	
                    9/25/2007

                  	
                    17,875,816

                  
	
                    9/25/2007

                  	
                    10/25/2007

                  	
                    17,432,260

                  
	
                    10/25/2007

                  	
                    11/25/2007

                  	
                    16,951,638

                  
	
                    11/25/2007

                  	
                    12/25/2007

                  	
                    16,436,024

                  
	
                    12/25/2007

                  	
                    1/25/2008

                  	
                    15,935,986

                  
	
                    1/25/2008

                  	
                    2/25/2008

                  	
                    15,451,056

                  
	
                    2/25/2008

                  	
                    3/25/2008

                  	
                    14,980,780

                  
	
                    3/25/2008

                  	
                    4/25/2008

                  	
                    14,524,720

                  
	
                    4/25/2008

                  	
                    5/25/2008

                  	
                    14,082,444

                  
	
                    5/25/2008

                  	
                    6/25/2008

                  	
                    13,653,542

                  
	
                    6/25/2008

                  	
                    7/25/2008

                  	
                    13,237,610

                  
	
                    7/25/2008

                  	
                    8/25/2008

                  	
                    12,834,258

                  
	
                    8/25/2008

                  	
                    9/25/2008

                  	
                    12,443,108

                  
	
                    9/25/2008

                  	
                    10/25/2008

                  	
                    12,063,792

                  
	
                    10/25/2008

                  	
                    Termination
                      Date

                  	
                    11,695,956

                  

          

          
            

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

            

          

          BEAR
            STEARNS FINANCIAL PRODUCTS INC.

        

        
          383
            MADISON AVENUE

          NEW
            YORK,
            NEW YORK 10179

          212-272-4009

          

          

          

          
            	
                    DATE:

                  	
                    February
                      22, 2007

                  

          

          
            	
                     

                  	 

          

          
            	
                    TO:

                  	
                    Deutsche
                      Bank National Trust Company, not in its individual capacity,
                      but solely as
                      Supplemental Interest Trust Trustee on behalf of the Supplemental
                      Interest
                      Trust with respect to the Impac Secured Assets Trust 2007-1,
                      Impac Secured
                      Assets Corp., Mortgage Pass-Through Certificates, Series
                      2007-1

                  

          

          

          
            	
                    ATTENTION:

                  	
                    Impac
                      Secured Assets Corp. Series 2007-1

                  

          

          c/o
            Deutsche Bank National Trust Company as Trustee  

          
            	
                    TELEPHONE:

                  	
                    714-247-6000

                  

          

          
            	
                    FACSIMILE:

                  	
                    714-247-6285

                  

          

          

          
            	
                    FROM:

                  	
                    Derivatives
                      Documentation

                  

          

          
            	
                    TELEPHONE:

                  	
                    212-272-2711
                      

                  

          

          
            	
                    FACSIMILE: 

                  	
                    212-272-9857
                      

                  

          

          

          
            	
                    SUBJECT:

                  	
                    Fixed
                      Income Derivatives Confirmation

                  

          

          

          
            	
                    REFERENCE
                      NUMBER(S):

                  	
                    FXNCC9222

                  

          

          

          The
            purpose of this letter agreement is to confirm the terms and conditions
            of the
            Transaction entered into on the Trade Date specified below (the "Transaction")
            between Bear Stearns Financial Products Inc. (“Bear Stearns”) and Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1
            (“Party
            B”). This letter agreement constitutes the sole and complete “Confirmation,” as
            referred to in the Master Agreement specified below, with respect to
            this
            Transaction.

          

          	1.
                    	
                  This
                    Confirmation is subject to and incorporates the 2000
                    ISDA Definitions
                    (the “Definitions”), as published by the International Swaps and
                    Derivatives Association, Inc. (“ISDA”). This Confirmation supplements,
                    forms a part of and is subject to the ISDA Master Agreement dated
                    as of
                    February 22, 2007 between Party A and Party B (the agreement,
                    as amended
                    and supplemented from time to time, being referred to herein
                    as the
                    “Master Agreement”). All provisions contained in, or incorporated by
                    reference to, the Master Agreement shall govern the Transaction
                    referenced
                    in this Confirmation except as expressly modified herein. In
                    the event of
                    any inconsistency between this Confirmation and the Definitions
                    or Master
                    Agreement, this Confirmation shall
                    prevail.

                

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9222 

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page
            2 of
            7

          

          
            	
                    2.

                  	
                    The
                      terms of the particular Transaction to which this Confirmation
                      relates are
                      as follows:

                  
	 	 	 
	 	
                    Type
                      of Transaction:

                  	
                    Rate
                      Cap

                  
	 	 	 
	 	
                    Notional
                      Amount:

                  	
                    With
                      respect to any Calculation Period, the amount set forth for
                      such period on
                      Schedule I attached hereto.

                  
	 	 	 
	 	
                    Trade
                      Date:

                  	
                    February
                      16, 2007

                  
	 	 	 
	 	
                    Effective
                      Date:

                  	
                    February
                      26, 2007

                  
	 	 	 
	 	
                    Termination
                      Date:

                  	
                    December
                      25, 2011, subject to adjustment in accordance with the Business
                      Day Convention.

                  
	 	 	 
	 	
                    Fixed
                      Amount (Premium):

                  	
                    Inapplicable.
                      The Fixed Amounts for this Transaction and for the Transactions
                      with the
                      Party A Reference Numbers FXNCC9218,
                      FXNCC9219, FXNCC9220, FXNCC9221, FXNCC9223, FXNCC9224, FXNCC9225,
                      FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238 and FXNCC9239
                      is
                      embedded
                      in the determination of the Additional Amount specified in
                      the
                      Confirmation identified by Party A Reference Number FXNSC9240.

                  
	 	 	 
	 	
                    Floating
                      Amounts:

                  	 
	 	 	 
	 	
                    Floating
                      Rate Payer:

                  	
                    Party
                      A

                  
	 	 	 
	 	
                    Cap
                      Rate:

                  	
                    4.96800%

                  
	 	 	 
	 	
                    Floating
                      Rate Payer 

                  	 
	 	
                    Payment
                      Dates:

                  	
                    The
                      25th
                      calendar day of each month during the Term
                      of this Transaction, commencing March 25, 2007 and ending on
                      the
                      Termination Date, subject to adjustment in accordance with
                      the Business
                      Day Convention.

                  
	 	 	 
	 	
                    Floating
                      Rate Option:

                  	
                    USD-LIBOR-BBA

                  
	 	 	 

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

            Reference
              Number: FXNCC9222 

            Deutsche
              Bank National Trust Company, not in its individual capacity, but solely
              as
              Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
              Trust
              with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
              Assets
              Corp., Mortgage Pass-Through Certificates, Series 2007-1

            February
              22, 2007

            Page 3
              of 7

             

          

          
            	 	
                    Designated
                      Maturity:

                  	
                    One
                      month

                  
	 	 	 
	 	
                    Floating
                      Rate Day 

                  	 
	 	
                    Count
                      Fraction:

                  	
                    Actual/360

                  
	 	 	 
	 	
                    Reset
                      Dates:

                  	
                    The
                      first day of each Calculation Period

                  
	 	 	 
	 	
                    Compounding:

                  	
                    Inapplicable

                  
	 	 	 
	 	
                    Business
                      Days:

                  	
                    New
                      York

                  
	 	 	 
	 	
                    Business
                      Day Convention:

                  	
                    Following

                  
	 	 	 
	 	
                    Calculation
                      Agent:

                  	
                    Party
                      A

                  

          

          

          NEITHER
            THE BEAR STEARNS COMPANIES INC. NOR ANY SUBSIDIARY OR AFFILIATE OF THE
            BEAR
            STEARNS COMPANIES INC. OTHER THAN PARTY A IS AN OBLIGOR OR A CREDIT SUPPORT
            PROVIDER ON THIS TRANSACTION.

          

          
            	
                    3.

                  	
                    Account
                      Details and

                  	 
	 	
                    Settlement
                      Information:

                  	
                    Payments
                      to Party A:

                  
	 	 	
                    Citibank,
                      N.A., New York

                  
	 	 	
                    ABA
                      Number: 021-0000-89, for the account of

                  
	 	 	
                    Bear,
                      Stearns Securities Corp.

                  
	 	 	
                    Account
                      Number: 0925-3186, for further credit to

                  
	 	 	
                    Bear
                      Stearns Financial Products Inc.

                  
	 	 	
                    Sub-account
                      Number: 102-04654-1-3

                  
	 	 	
                    Attention:
                      Derivatives Department

                  
	 	 	 
	 	 	
                    Payments
                      to Party B:

                  
	 	 	
                    Deutsche
                      Bank Trust Company - Americas

                  
	 	 	
                    ABA 
                      Number: 021001033      

                  
	 	 	
                    Account
                      Number: 014-19-663

                  
	 	 	
                    Account
                      Name: NYLTD Funds Control - Stars West

                  
	 	 	
                    Ref: 
                      ISAC 2007-1 Derivative Acct - SWAP/Cap
                      pmt

                  

          

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

            
              Reference
                Number: FXNCC9222 

              Deutsche
                Bank National Trust Company, not in its individual capacity, but
                solely as
                Supplemental Interest Trust Trustee on behalf of the Supplemental
                Interest Trust
                with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
                Assets
                Corp., Mortgage Pass-Through Certificates, Series 2007-1

              February
                22, 2007

              Page 4
                of 7

               

            

          

          Additional
            Provisions:

          Non-Reliance. Each
            party represents to the other party that (a) it has not received and
            is not
            relying upon any legal, tax, regulatory, accounting or other advice (whether
            written or oral) of the other party regarding this Transaction, other
            than
            representations expressly made by that other party in this Confirmation
            and in
            the Master Agreement and (b) in respect of this Transaction, (i) it has
            the
            capacity to evaluate (internally or through independent professional
            advice)
            this Transaction and has made its own decision to enter into this Transaction
            and (ii) it understands the terms, conditions and risks of this Transaction
            and
            is willing to assume (financially and otherwise) those risks. Party B
            acknowledges that Party A has advised Party B to consult its own tax,
            accounting
            and legal advisors in connection with this Transaction evidenced by this
            Confirmation and that the Party B has done so.

          

          This
            Confirmation may be executed in several counterparts, each of which shall
            be
            deemed an original but all of which together shall constitute one and
            the same
            instrument.

          

          Party
            B
            hereby agrees to check this Confirmation and to confirm that the foregoing
            correctly sets forth the terms of the Transaction by signing in the space
            provided below and returning to Party A a
            facsimile of the fully-executed Confirmation to 212-272-9857.
            For
            inquiries regarding U.S. Transactions, please contact Derivatives
            Documentation
            by
            telephone at
            212-272-711.
            For all
            other inquiries please contact Derivatives
            Documentation by
            telephone at 353-1-402-6233.
            Originals
            will be provided for your execution upon your request.

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9222 

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 5
            of 7

           

          We
            are
            very pleased to have executed this Transaction with you and we look forward
            to
            completing other transactions with you in the near future.

          

          Very
            truly yours,

          

          BEAR
            STEARNS FINANCIAL PRODUCTS INC.

          

           

          By: 
            _______________________________
Name:
Title:

          

          Party
            B, acting through its duly authorized signatory, hereby agrees to, accepts
            and
            confirms the terms of the foregoing as of the Trade Date.

          

          DEUTSCHE
            BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY
            AS
            SUPPLEMENTAL INTEREST TRUST TRUSTEE ON BEHALF OF THE SUPPLEMENTAL INTEREST
            TRUST
            WITH RESPECT TO THE IMPAC SECURED ASSETS TRUST 2007-1, IMPAC SECURED
            ASSETS
            CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-1

          

          
             

            By: 
              _______________________________
Name:
Title:

          

           

          am

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9222 

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 6
            of 7

           

          SCHEDULE
            I

          (All
            such
            dates adjustment in accordance with the Business Day Convention)

          

          
            	
                    From
                      and including

                  	
                    To
                      but excluding

                  	
                    Notional
                      Amount

                    (USD)

                  
	
                    Effective
                      Date

                  	
                    3/25/2007

                  	
                    34,700,960

                  
	
                    3/25/2007

                  	
                    4/25/2007

                  	
                    34,438,075

                  
	
                    4/25/2007

                  	
                    5/25/2007

                  	
                    34,099,030

                  
	
                    5/25/2007

                  	
                    6/25/2007

                  	
                    33,683,930

                  
	
                    6/25/2007

                  	
                    7/25/2007

                  	
                    33,193,405

                  
	
                    7/25/2007

                  	
                    8/25/2007

                  	
                    32,628,505

                  
	
                    8/25/2007

                  	
                    9/25/2007

                  	
                    31,990,910

                  
	
                    9/25/2007

                  	
                    10/25/2007

                  	
                    31,282,685

                  
	
                    10/25/2007

                  	
                    11/25/2007

                  	
                    30,506,455

                  
	
                    11/25/2007

                  	
                    12/25/2007

                  	
                    29,665,370

                  
	
                    12/25/2007

                  	
                    1/25/2008

                  	
                    28,763,035

                  
	
                    1/25/2008

                  	
                    2/25/2008

                  	
                    27,887,965

                  
	
                    2/25/2008

                  	
                    3/25/2008

                  	
                    27,039,355

                  
	
                    3/25/2008

                  	
                    4/25/2008

                  	
                    26,216,365

                  
	
                    4/25/2008

                  	
                    5/25/2008

                  	
                    25,418,260

                  
	
                    5/25/2008

                  	
                    6/25/2008

                  	
                    24,644,270

                  
	
                    6/25/2008

                  	
                    7/25/2008

                  	
                    23,893,695

                  
	
                    7/25/2008

                  	
                    8/25/2008

                  	
                    23,165,835

                  
	
                    8/25/2008

                  	
                    9/25/2008

                  	
                    22,459,955

                  
	
                    9/25/2008

                  	
                    10/25/2008

                  	
                    21,775,425

                  
	
                    10/25/2008

                  	
                    11/25/2008

                  	
                    21,111,650

                  
	
                    11/25/2008

                  	
                    12/25/2008

                  	
                    20,467,930

                  
	
                    12/25/2008

                  	
                    1/25/2009

                  	
                    19,843,705

                  
	
                    1/25/2009

                  	
                    2/25/2009

                  	
                    19,238,345

                  
	
                    2/25/2009

                  	
                    3/25/2009

                  	
                    18,651,360

                  
	
                    3/25/2009

                  	
                    4/25/2009

                  	
                    18,082,120

                  
	
                    4/25/2009

                  	
                    5/25/2009

                  	
                    17,530,135

                  
	
                    5/25/2009

                  	
                    6/25/2009

                  	
                    16,994,880

                  
	
                    6/25/2009

                  	
                    7/25/2009

                  	
                    16,475,830

                  
	
                    7/25/2009

                  	
                    8/25/2009

                  	
                    15,972,530

                  
	
                    8/25/2009

                  	
                    9/25/2009

                  	
                    15,484,455

                  
	
                    9/25/2009

                  	
                    10/25/2009

                  	
                    15,011,185

                  
	
                    10/25/2009

                  	
                    11/25/2009

                  	
                    14,552,300

                  

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

            Reference
              Number: FXNCC9222 

            Deutsche
              Bank National Trust Company, not in its individual capacity, but solely
              as
              Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
              Trust
              with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
              Assets
              Corp., Mortgage Pass-Through Certificates, Series 2007-1

            February
              22, 2007

            Page 7
              of 7

             

          

          
            	
                    11/25/2009

                  	
                    12/25/2009

                  	
                    14,107,310

                  
	
                    12/25/2009

                  	
                    1/25/2010

                  	
                    13,675,795

                  
	
                    1/25/2010

                  	
                    2/25/2010

                  	
                    13,257,405

                  
	
                    2/25/2010

                  	
                    3/25/2010

                  	
                    12,851,720

                  
	
                    3/25/2010

                  	
                    4/25/2010

                  	
                    12,458,320

                  
	
                    4/25/2010

                  	
                    5/25/2010

                  	
                    12,076,890

                  
	
                    5/25/2010

                  	
                    6/25/2010

                  	
                    11,707,010

                  
	
                    6/25/2010

                  	
                    7/25/2010

                  	
                    11,348,400

                  
	
                    7/25/2010

                  	
                    8/25/2010

                  	
                    11,000,675

                  
	
                    8/25/2010

                  	
                    9/25/2010

                  	
                    10,663,485

                  
	
                    9/25/2010

                  	
                    10/25/2010

                  	
                    10,336,585

                  
	
                    10/25/2010

                  	
                    11/25/2010

                  	
                    10,019,590

                  
	
                    11/25/2010

                  	
                    12/25/2010

                  	
                    9,712,255

                  
	
                    12/25/2010

                  	
                    1/25/2011

                  	
                    9,414,230

                  
	
                    1/25/2011

                  	
                    2/25/2011

                  	
                    9,125,305

                  
	
                    2/25/2011

                  	
                    3/25/2011

                  	
                    8,845,165

                  
	
                    3/25/2011

                  	
                    4/25/2011

                  	
                    8,573,530

                  
	
                    4/25/2011

                  	
                    5/25/2011

                  	
                    8,310,190

                  
	
                    5/25/2011

                  	
                    6/25/2011

                  	
                    8,054,865

                  
	
                    6/25/2011

                  	
                    7/25/2011

                  	
                    7,807,310

                  
	
                    7/25/2011

                  	
                    8/25/2011

                  	
                    7,567,280

                  
	
                    8/25/2011

                  	
                    9/25/2011

                  	
                    7,334,565

                  
	
                    9/25/2011

                  	
                    10/25/2011

                  	
                    7,108,955

                  
	
                    10/25/2011

                  	
                    11/25/2011

                  	
                    6,890,205

                  
	
                    11/25/2011

                  	
                    Termination
                      Date

                  	
                    6,678,140

                  

          

          
            

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

            

          

        

        
          BEAR
            STEARNS FINANCIAL PRODUCTS INC.

          383
            MADISON AVENUE

          NEW
            YORK,
            NEW YORK 10179

          212-272-4009

          

          

          

          
            	
                    DATE:

                  	
                    February
                      22, 2007

                  

          

          
            	
                     

                  	 

          

          
            	
                    TO:

                  	
                    Deutsche
                      Bank National Trust Company, not in its individual capacity,
                      but solely as
                      Supplemental Interest Trust Trustee on behalf of the Supplemental
                      Interest
                      Trust with respect to the Impac Secured Assets Trust 2007-1,
                      Impac Secured
                      Assets Corp., Mortgage Pass-Through Certificates, Series
                      2007-1

                  

          

          

          
            	
                    ATTENTION:

                  	
                    Impac
                      Secured Assets Corp. Series 2007-1

                  

          

          c/o
            Deutsche Bank National Trust Company as Trustee  

          
            	
                    TELEPHONE:

                  	
                    714-247-6000

                  

          

          
            	
                    FACSIMILE:

                  	
                    714-247-6285

                  

          

          

          
            	
                    FROM:

                  	
                    Derivatives
                      Documentation

                  

          

          
            	
                    TELEPHONE:

                  	
                    212-272-2711
                      

                  

          

          
            	
                    FACSIMILE: 

                  	
                    212-272-9857
                      

                  

          

          

          
            	
                    SUBJECT:

                  	
                    Fixed
                      Income Derivatives Confirmation 

                  

          

          

          
            	
                    REFERENCE
                      NUMBER(S):

                  	
                    FXNCC9223

                  

          

          

          The
            purpose of this letter agreement is to confirm the terms and conditions
            of the
            Transaction entered into on the Trade Date specified below (the "Transaction")
            between Bear Stearns Financial Products Inc. (“Party A”) and Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1
            (“Counterparty”). This letter agreement constitutes the sole and complete
“Confirmation,” as referred to in the Master Agreement specified below, with
            respect to this Transaction.

          

          	1.
                    	
                  This
                    Confirmation is subject to and incorporates the 2000
                    ISDA Definitions
                    (the “Definitions”), as published by the International Swaps and
                    Derivatives Association, Inc. (“ISDA”). This Confirmation supplements,
                    forms a part of and is subject to the ISDA Master Agreement dated
                    as of
                    February 22, 2007 between Party A and Counterparty (the agreement,
                    as
                    amended and supplemented from time to time, being referred to
                    herein as
                    the “Master Agreement”). All provisions contained in, or incorporated by
                    reference to, the Master Agreement shall govern the Transaction
                    referenced
                    in this Confirmation except as expressly modified herein. In
                    the event of
                    any inconsistency between this Confirmation and the Definitions
                    or Master
                    Agreement, this Confirmation shall
                    prevail.

                

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9223

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page
            2 of
            7

          

          
            	
                    2.

                  	
                    The
                      terms of the particular Transaction to which this Confirmation
                      relates are
                      as follows:

                  
	 	 	 
	 	
                    Type
                      of Transaction:

                  	
                    Rate
                      Cap

                  
	 	 	 
	 	
                    Notional
                      Amount:

                  	
                    With
                      respect to any Calculation Period, the amount set forth for
                      such period on
                      Schedule I attached hereto.

                  
	 	 	 
	 	
                    Trade
                      Date:

                  	
                    February
                      16, 2007

                  
	 	 	 
	 	
                    Effective
                      Date:

                  	
                    February
                      26, 2007

                  
	 	 	 
	 	
                    Termination
                      Date:

                  	
                    January
                      25, 2010, subject to adjustment in accordance with the Business
                      Day Convention.

                  
	 	 	 
	 	
                    Fixed
                      Amount (Premium):

                  	
                    Inapplicable.
                      The Fixed Amounts for this Transaction and for the Transactions
                      with the
                      Party A Reference Numbers FXNCC9218,
                      FXNCC9219, FXNCC9220, FXNCC9221, FXNCC9222, , FXNCC9224, FXNCC9225,
                      FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238 and FXNCC9239
                      is
                      embedded
                      in the determination of the Additional Amount specified in
                      the
                      Confirmation identified by Party A Reference Number FXNSC9240.

                  
	 	 	 
	 	
                    Floating
                      Amounts:

                  	 
	 	 	 
	 	
                    Floating
                      Rate Payer:

                  	
                    Party
                      A

                  
	 	 	 
	 	
                    Cap
                      Rate:

                  	
                    4.97000%

                  
	 	 	 
	 	
                    Floating
                      Rate Payer 

                  	 
	 	
                    Payment
                      Dates:

                  	
                    The
                      25th
                      calendar day of each month during the Term
                      of this Transaction, commencing March 25, 2007 and ending on
                      the
                      Termination Date, subject to adjustment in accordance with
                      the Business
                      Day Convention.

                  
	 	 	 
	 	
                    Floating
                      Rate Option:

                  	
                    USD-LIBOR-BBA

                  
	 	 	 

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

            Reference
              Number: FXNCC9223

            Deutsche
              Bank National Trust Company, not in its individual capacity, but solely
              as
              Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
              Trust
              with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
              Assets
              Corp., Mortgage Pass-Through Certificates, Series 2007-1

            February
              22, 2007

            Page 3
              of 7

             

          

          
            	 	
                    Designated
                      Maturity:

                  	
                    One
                      month

                  
	 	 	 
	 	
                    Floating
                      Rate Day 

                  	 
	 	
                    Count
                      Fraction:

                  	
                    Actual/360

                  
	 	 	 
	 	
                    Reset
                      Dates:

                  	
                    The
                      first day of each Calculation Period

                  
	 	 	 
	 	
                    Compounding:

                  	
                    Inapplicable

                  
	 	 	 
	 	
                    Business
                      Days:

                  	
                    New
                      York

                  
	 	 	 
	 	
                    Business
                      Day Convention:

                  	
                    Following

                  
	 	 	 
	 	
                    Calculation
                      Agent:

                  	
                    Party
                      A

                  

          

          

          NEITHER
            THE BEAR STEARNS COMPANIES INC. NOR ANY SUBSIDIARY OR AFFILIATE OF THE
            BEAR
            STEARNS COMPANIES INC. OTHER THAN PARTY A IS AN OBLIGOR OR A CREDIT SUPPORT
            PROVIDER ON THIS TRANSACTION.

          

          
            	
                    3.

                  	
                    Account
                      Details and

                  	 
	 	
                    Settlement
                      Information:

                  	
                    Payments
                      to Party A:

                  
	 	 	
                    Citibank,
                      N.A., New York

                  
	 	 	
                    ABA
                      Number: 021-0000-89, for the account of

                  
	 	 	
                    Bear,
                      Stearns Securities Corp.

                  
	 	 	
                    Account
                      Number: 0925-3186, for further credit to

                  
	 	 	
                    Party
                      A Financial Products Inc.

                  
	 	 	
                    Sub-account
                      Number: 102-04654-1-3

                  
	 	 	
                    Attention:
                      Derivatives Department

                  
	 	 	 
	 	 	
                    Payments
                      to Counterparty:

                  
	 	 	
                    Deutsche
                      Bank Trust Company - Americas

                  
	 	 	
                    ABA 
                      Number: 021001033      

                  
	 	 	
                    Account
                      Number: 014-19-663

                  
	 	 	
                    Account
                      Name: NYLTD Funds Control - Stars West

                  
	 	 	
                    Ref: 
                      ISAC 2007-1 Derivative Acct - SWAP/Cap
                      pmt

                  

          

          
             

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

            Reference
              Number: FXNCC9223

            Deutsche
              Bank National Trust Company, not in its individual capacity, but solely
              as
              Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
              Trust
              with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
              Assets
              Corp., Mortgage Pass-Through Certificates, Series 2007-1

            February
              22, 2007

            Page 4
              of 7

          

          

          Additional
            Provisions:

          Non-Reliance. Each
            party represents to the other party that (a) it has not received and
            is not
            relying upon any legal, tax, regulatory, accounting or other advice (whether
            written or oral) of the other party regarding this Transaction, other
            than
            representations expressly made by that other party in this Confirmation
            and in
            the Master Agreement and (b) in respect of this Transaction, (i) it has
            the
            capacity to evaluate (internally or through independent professional
            advice)
            this Transaction and has made its own decision to enter into this Transaction
            and (ii) it understands the terms, conditions and risks of this Transaction
            and
            is willing to assume (financially and otherwise) those risks. Counterparty
            acknowledges that Party A has advised Counterparty to consult its own
            tax,
            accounting and legal advisors in connection with this Transaction evidenced
            by
            this Confirmation and that the Counterparty has done so.

          

          This
            Confirmation may be executed in several counterparts, each of which shall
            be
            deemed an original but all of which together shall constitute one and
            the same
            instrument.

          

          Counterparty
            hereby agrees to check this Confirmation and to confirm that the foregoing
            correctly sets forth the terms of the Transaction by signing in the space
            provided below and returning to Party A a
            facsimile of the fully-executed Confirmation to 212-272-9857.
            For
            inquiries regarding U.S. Transactions, please contact Derivatives
            Documentation
            by
            telephone at
            212-272-711.
            For all
            other inquiries please contact Derivatives
            Documentation by
            telephone at 353-1-402-6233.
            Originals
            will be provided for your execution upon your request.

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9223

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 5
            of 7

           

          We
            are
            very pleased to have executed this Transaction with you and we look forward
            to
            completing other transactions with you in the near future.

          

          Very
            truly yours,

          

          BEAR
            STEARNS FINANCIAL PRODUCTS INC.

          

           

          By: 
            _______________________________
Name:
Title:

          

          Counterparty,
            acting through its duly authorized signatory, hereby agrees to, accepts
            and
            confirms the terms of the foregoing as of the Trade Date.

          

          DEUTSCHE
            BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY
            AS
            SUPPLEMENTAL INTEREST TRUST TRUSTEE ON BEHALF OF THE SUPPLEMENTAL INTEREST
            TRUST
            WITH RESPECT TO THE IMPAC SECURED ASSETS TRUST 2007-1, IMPAC SECURED
            ASSETS
            CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-1

          

          

          By: 
            _______________________________
Name:
Title:

          

          

          am

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9223

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 6
            of 7

           

          SCHEDULE
            I

          (All
            such
            dates adjustment in accordance with the Business Day Convention)

          

          
            	
                    From
                      and including

                  	
                    To
                      but excluding

                  	
                    Notional
                      Amount (USD)

                  
	
                    Effective
                      Date

                  	
                    3/25/2007

                  	
                    9,968,000

                  
	
                    3/25/2007

                  	
                    4/25/2007

                  	
                    9,914,560

                  
	
                    4/25/2007

                  	
                    5/25/2007

                  	
                    9,839,450

                  
	
                    5/25/2007

                  	
                    6/25/2007

                  	
                    9,742,580

                  
	
                    6/25/2007

                  	
                    7/25/2007

                  	
                    9,623,980

                  
	
                    7/25/2007

                  	
                    8/25/2007

                  	
                    9,483,830

                  
	
                    8/25/2007

                  	
                    9/25/2007

                  	
                    9,322,430

                  
	
                    9/25/2007

                  	
                    10/25/2007

                  	
                    9,140,260

                  
	
                    10/25/2007

                  	
                    11/25/2007

                  	
                    8,937,910

                  
	
                    11/25/2007

                  	
                    12/25/2007

                  	
                    8,716,130

                  
	
                    12/25/2007

                  	
                    1/25/2008

                  	
                    8,475,820

                  
	
                    1/25/2008

                  	
                    2/25/2008

                  	
                    8,218,010

                  
	
                    2/25/2008

                  	
                    3/25/2008

                  	
                    7,967,990

                  
	
                    3/25/2008

                  	
                    4/25/2008

                  	
                    7,725,530

                  
	
                    4/25/2008

                  	
                    5/25/2008

                  	
                    7,490,390

                  
	
                    5/25/2008

                  	
                    6/25/2008

                  	
                    7,262,360

                  
	
                    6/25/2008

                  	
                    7/25/2008

                  	
                    7,041,220

                  
	
                    7/25/2008

                  	
                    8/25/2008

                  	
                    6,826,770

                  
	
                    8/25/2008

                  	
                    9/25/2008

                  	
                    6,618,810

                  
	
                    9/25/2008

                  	
                    10/25/2008

                  	
                    6,417,130

                  
	
                    10/25/2008

                  	
                    11/25/2008

                  	
                    6,221,550

                  
	
                    11/25/2008

                  	
                    12/25/2008

                  	
                    6,031,900

                  
	
                    12/25/2008

                  	
                    1/25/2009

                  	
                    5,847,980

                  
	
                    1/25/2009

                  	
                    2/25/2009

                  	
                    5,669,630

                  
	
                    2/25/2009

                  	
                    3/25/2009

                  	
                    5,496,670

                  
	
                    3/25/2009

                  	
                    4/25/2009

                  	
                    5,328,960

                  
	
                    4/25/2009

                  	
                    5/25/2009

                  	
                    5,166,320

                  
	
                    5/25/2009

                  	
                    6/25/2009

                  	
                    5,008,610

                  
	
                    6/25/2009

                  	
                    7/25/2009

                  	
                    4,855,680

                  
	
                    7/25/2009

                  	
                    8/25/2009

                  	
                    4,707,380

                  
	
                    8/25/2009

                  	
                    9/25/2009

                  	
                    4,563,580

                  
	
                    9/25/2009

                  	
                    10/25/2009

                  	
                    4,424,130

                  
	
                    10/25/2009

                  	
                    11/25/2009

                  	
                    4,288,910

                  
	
                    11/25/2009

                  	
                    12/25/2009

                  	
                    4,157,800

                  

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

          
            Reference
              Number: FXNCC9223

            Deutsche
              Bank National Trust Company, not in its individual capacity, but solely
              as
              Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
              Trust
              with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
              Assets
              Corp., Mortgage Pass-Through Certificates, Series 2007-1

            February
              22, 2007

            Page 7
              of 7

             

          

          
            	
                    12/25/2009

                  	
                    Termination
                      Date

                  	
                    4,030,660

                  

          

        

        
          
             

            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          

          BEAR
            STEARNS FINANCIAL PRODUCTS INC.

          383
            MADISON AVENUE

          NEW
            YORK,
            NEW YORK 10179

          212-272-4009

          

          

          

          
            	
                    DATE:

                  	
                    February
                      22, 2007

                  

          

          
            	
                     

                  	 

          

          
            	
                    TO:

                  	
                    Deutsche
                      Bank National Trust Company, not in its individual capacity,
                      but solely as
                      Supplemental Interest Trust Trustee on behalf of the Supplemental
                      Interest
                      Trust with respect to the Impac Secured Assets Trust 2007-1,
                      Impac Secured
                      Assets Corp., Mortgage Pass-Through Certificates, Series
                      2007-1

                  

          

          

          
            	
                    ATTENTION:

                  	
                    Impac
                      Secured Assets Corp. Series 2007-1

                  

          

          c/o
            Deutsche Bank National Trust Company as Trustee  

          
            	
                    TELEPHONE:

                  	
                    714-247-6000

                  

          

          
            	
                    FACSIMILE:

                  	
                    714-247-6285

                  

          

          

          
            	
                    FROM:

                  	
                    Derivatives
                      Documentation

                  

          

          
            	
                    TELEPHONE:

                  	
                    212-272-2711
                      

                  

          

          
            	
                    FACSIMILE: 

                  	
                    212-272-9857
                      

                  

          

          

          
            	
                    SUBJECT:

                  	
                    Fixed
                      Income Derivatives Confirmation

                  

          

          

          
            	
                    REFERENCE
                      NUMBER(S):

                  	
                    FXNCC9224

                  

          

          

          The
            purpose of this letter agreement is to confirm the terms and conditions
            of the
            Transaction entered into on the Trade Date specified below (the "Transaction")
            between Bear Stearns Financial Products Inc. (“Party A”) and Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1
            (“Counterparty”). This letter agreement constitutes the sole and complete
“Confirmation,” as referred to in the Master Agreement specified below, with
            respect to this Transaction.

          

          	1.
                    	
                  This
                    Confirmation is subject to and incorporates the 2000
                    ISDA Definitions
                    (the “Definitions”), as published by the International Swaps and
                    Derivatives Association, Inc. (“ISDA”). This Confirmation supplements,
                    forms a part of and is subject to the ISDA Master Agreement dated
                    as of
                    February 22, 2007 between Party A and Counterparty (the agreement,
                    as
                    amended and supplemented from time to time, being referred to
                    herein as
                    the “Master Agreement”). All provisions contained in, or incorporated by
                    reference to, the Master Agreement shall govern the Transaction
                    referenced
                    in this Confirmation except as expressly modified herein. In
                    the event of
                    any inconsistency between this Confirmation and the Definitions
                    or Master
                    Agreement, this Confirmation shall
                    prevail.

                

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9224

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page
            2 of
            8

          

          
            	
                    2.

                  	
                    The
                      terms of the particular Transaction to which this Confirmation
                      relates are
                      as follows:

                  
	 	 	 
	 	
                    Type
                      of Transaction:

                  	
                    Rate
                      Cap

                  
	 	 	 
	 	
                    Notional
                      Amount:

                  	
                    With
                      respect to any Calculation Period, the amount set forth for
                      such period on
                      Schedule I attached hereto.

                  
	 	 	 
	 	
                    Trade
                      Date:

                  	
                    February
                      16, 2007

                  
	 	 	 
	 	
                    Effective
                      Date:

                  	
                    February
                      26, 2007

                  
	 	 	 
	 	
                    Termination
                      Date:

                  	
                    December
                      25, 2013, subject to adjustment in accordance with the Business
                      Day Convention.

                  
	 	 	 
	 	
                    Fixed
                      Amount (Premium):

                  	
                    Inapplicable.
                      The Fixed Amounts for this Transaction and for the Transactions
                      with the
                      Party A Reference Numbers FXNCC9218, FXNCC9219,
                      FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9225, FXNCC9226,
                      FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238 and FXNCC9239 is
embedded
                      in the determination of the Additional Amount specified in
                      the
                      Confirmation identified by Party A Reference Number FXNSC9240.

                  
	 	 	 
	 	
                    Floating
                      Amounts:

                  	 
	 	 	 
	 	
                    Floating
                      Rate Payer:

                  	
                    Party
                      A

                  
	 	 	 
	 	
                    Cap
                      Rate:

                  	
                    4.91000%

                  
	 	 	 
	 	
                    Floating
                      Rate Payer 

                  	 
	 	
                    Payment
                      Dates:

                  	
                    The
                      25th
                      calendar day of each month during the Term
                      of this Transaction, commencing March 25, 2007 and ending on
                      the
                      Termination Date, subject to adjustment in accordance with
                      the Business
                      Day Convention.

                  
	 	 	 
	 	
                    Floating
                      Rate Option:

                  	
                    USD-LIBOR-BBA

                  
	 	 	 

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

            Reference
              Number: FXNCC9224

            Deutsche
              Bank National Trust Company, not in its individual capacity, but solely
              as
              Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
              Trust
              with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
              Assets
              Corp., Mortgage Pass-Through Certificates, Series 2007-1

            February
              22, 2007

            Page 3
              of 8

             

          

          
            	 	
                    Designated
                      Maturity:

                  	
                    One
                      month

                  
	 	 	 
	 	
                    Floating
                      Rate Day 

                  	 
	 	
                    Count
                      Fraction:

                  	
                    Actual/360

                  
	 	 	 
	 	
                    Reset
                      Dates:

                  	
                    The
                      first day of each Calculation Period

                  
	 	 	 
	 	
                    Compounding:

                  	
                    Inapplicable

                  
	 	 	 
	 	
                    Business
                      Days:

                  	
                    New
                      York

                  
	 	 	 
	 	
                    Business
                      Day Convention:

                  	
                    Following

                  
	 	 	 
	 	
                    Calculation
                      Agent:

                  	
                    Party
                      A

                  

          

          

          NEITHER
            THE BEAR STEARNS COMPANIES INC. NOR ANY SUBSIDIARY OR AFFILIATE OF THE
            BEAR
            STEARNS COMPANIES INC. OTHER THAN PARTY A IS AN OBLIGOR OR A CREDIT SUPPORT
            PROVIDER ON THIS TRANSACTION.

          

          
            	
                    3.

                  	
                    Account
                      Details and

                  	 
	 	
                    Settlement
                      Information:

                  	
                    Payments
                      to Party A:

                  
	 	 	
                    Citibank,
                      N.A., New York

                  
	 	 	
                    ABA
                      Number: 021-0000-89, for the account of

                  
	 	 	
                    Bear,
                      Stearns Securities Corp.

                  
	 	 	
                    Account
                      Number: 0925-3186, for further credit to

                  
	 	 	
                    Bear
                      Stearns Financial Products Inc.

                  
	 	 	
                    Sub-account
                      Number: 102-04654-1-3

                  
	 	 	
                    Attention:
                      Derivatives Department

                  
	 	 	 
	 	 	
                    Payments
                      to Counterparty:

                  
	 	 	
                    Deutsche
                      Bank Trust Company - Americas

                  
	 	 	
                    ABA 
                      Number: 021001033      

                  
	 	 	
                    Account
                      Number: 014-19-663

                  
	 	 	
                    Account
                      Name: NYLTD Funds Control - Stars West

                  
	 	 	
                    Ref: 
                      ISAC 2007-1 Derivative Acct - SWAP/Cap
                      pmt

                  

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9224

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 4
            of 8

          

          Additional
            Provisions:

          Non-Reliance. Each
            party represents to the other party that (a) it has not received and
            is not
            relying upon any legal, tax, regulatory, accounting or other advice (whether
            written or oral) of the other party regarding this Transaction, other
            than
            representations expressly made by that other party in this Confirmation
            and in
            the Master Agreement and (b) in respect of this Transaction, (i) it has
            the
            capacity to evaluate (internally or through independent professional
            advice)
            this Transaction and has made its own decision to enter into this Transaction
            and (ii) it understands the terms, conditions and risks of this Transaction
            and
            is willing to assume (financially and otherwise) those risks. Counterparty
            acknowledges that Party A has advised Counterparty to consult its own
            tax,
            accounting and legal advisors in connection with this Transaction evidenced
            by
            this Confirmation and that the Counterparty has done so.

          

          This
            Confirmation may be executed in several counterparts, each of which shall
            be
            deemed an original but all of which together shall constitute one and
            the same
            instrument.

          

          Counterparty
            hereby agrees to check this Confirmation and to confirm that the foregoing
            correctly sets forth the terms of the Transaction by signing in the space
            provided below and returning to Party A a
            facsimile of the fully-executed Confirmation to 212-272-9857.
            For
            inquiries regarding U.S. Transactions, please contact Derivatives
            Documentation
            by
            telephone at
            212-272-711.
            For all
            other inquiries please contact Derivatives
            Documentation by
            telephone at 353-1-402-6233.
            Originals
            will be provided for your execution upon your request.

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9224

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 5
            of 8

           

          We
            are
            very pleased to have executed this Transaction with you and we look forward
            to
            completing other transactions with you in the near future.

          

          Very
            truly yours,

          

          BEAR
            STEARNS FINANCIAL PRODUCTS INC.

          
 

          By: 
            _______________________________
Name:
Title:

          

          Counterparty,
            acting through its duly authorized signatory, hereby agrees to, accepts
            and
            confirms the terms of the foregoing as of the Trade Date.

          

          DEUTSCHE
            BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY
            AS
            SUPPLEMENTAL INTEREST TRUST TRUSTEE ON BEHALF OF THE SUPPLEMENTAL INTEREST
            TRUST
            WITH RESPECT TO THE IMPAC SECURED ASSETS TRUST 2007-1, IMPAC SECURED
            ASSETS
            CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-1

          

          

          By: 
            _______________________________
Name:
Title:

          

          

          am

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9224

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 6
            of 8

           

          SCHEDULE
            I

          (All
            such
            dates adjustment in accordance with the Business Day Convention)

          

          
            	
                    From
                      and including

                  	
                    To
                      but excluding

                  	
                    Notional
                      Amount

                    (USD)

                  
	
                    Effective
                      Date

                  	
                    3/25/2007

                  	
                    29,743,677

                  
	
                    3/25/2007

                  	
                    4/25/2007

                  	
                    29,518,351

                  
	
                    4/25/2007

                  	
                    5/25/2007

                  	
                    29,227,736

                  
	
                    5/25/2007

                  	
                    6/25/2007

                  	
                    28,871,940

                  
	
                    6/25/2007

                  	
                    7/25/2007

                  	
                    28,451,481

                  
	
                    7/25/2007

                  	
                    8/25/2007

                  	
                    27,967,302

                  
	
                    8/25/2007

                  	
                    9/25/2007

                  	
                    27,420,779

                  
	
                    9/25/2007

                  	
                    10/25/2007

                  	
                    26,813,725

                  
	
                    10/25/2007

                  	
                    11/25/2007

                  	
                    26,148,390

                  
	
                    11/25/2007

                  	
                    12/25/2007

                  	
                    25,427,457

                  
	
                    12/25/2007

                  	
                    1/25/2008

                  	
                    24,654,036

                  
	
                    1/25/2008

                  	
                    2/25/2008

                  	
                    23,903,979

                  
	
                    2/25/2008

                  	
                    3/25/2008

                  	
                    23,176,584

                  
	
                    3/25/2008

                  	
                    4/25/2008

                  	
                    22,471,171

                  
	
                    4/25/2008

                  	
                    5/25/2008

                  	
                    21,787,079

                  
	
                    5/25/2008

                  	
                    6/25/2008

                  	
                    21,123,667

                  
	
                    6/25/2008

                  	
                    7/25/2008

                  	
                    20,480,314

                  
	
                    7/25/2008

                  	
                    8/25/2008

                  	
                    19,856,415

                  
	
                    8/25/2008

                  	
                    9/25/2008

                  	
                    19,251,387

                  
	
                    9/25/2008

                  	
                    10/25/2008

                  	
                    18,664,662

                  
	
                    10/25/2008

                  	
                    11/25/2008

                  	
                    18,095,689

                  
	
                    11/25/2008

                  	
                    12/25/2008

                  	
                    17,543,934

                  
	
                    12/25/2008

                  	
                    1/25/2009

                  	
                    17,008,880

                  
	
                    1/25/2009

                  	
                    2/25/2009

                  	
                    16,490,023

                  
	
                    2/25/2009

                  	
                    3/25/2009

                  	
                    15,986,876

                  
	
                    3/25/2009

                  	
                    4/25/2009

                  	
                    15,498,966

                  
	
                    4/25/2009

                  	
                    5/25/2009

                  	
                    15,025,836

                  
	
                    5/25/2009

                  	
                    6/25/2009

                  	
                    14,567,038

                  
	
                    6/25/2009

                  	
                    7/25/2009

                  	
                    14,122,143

                  
	
                    7/25/2009

                  	
                    8/25/2009

                  	
                    13,690,731

                  
	
                    8/25/2009

                  	
                    9/25/2009

                  	
                    13,272,396

                  
	
                    9/25/2009

                  	
                    10/25/2009

                  	
                    12,866,745

                  
	
                    10/25/2009

                  	
                    11/25/2009

                  	
                    12,473,394

                  

          

          
             

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

            Reference
              Number: FXNCC9224

            Deutsche
              Bank National Trust Company, not in its individual capacity, but solely
              as
              Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
              Trust
              with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
              Assets
              Corp., Mortgage Pass-Through Certificates, Series 2007-1

            February
              22, 2007

            Page 7
              of 8

             

          

          
            	
                    11/25/2009

                  	
                    12/25/2009

                  	
                    12,091,974

                  
	
                    12/25/2009

                  	
                    1/25/2010

                  	
                    11,722,124

                  
	
                    1/25/2010

                  	
                    2/25/2010

                  	
                    11,363,496

                  
	
                    2/25/2010

                  	
                    3/25/2010

                  	
                    11,015,752

                  
	
                    3/25/2010

                  	
                    4/25/2010

                  	
                    10,678,564

                  
	
                    4/25/2010

                  	
                    5/25/2010

                  	
                    10,351,612

                  
	
                    5/25/2010

                  	
                    6/25/2010

                  	
                    10,034,588

                  
	
                    6/25/2010

                  	
                    7/25/2010

                  	
                    9,727,194

                  
	
                    7/25/2010

                  	
                    8/25/2010

                  	
                    9,429,137

                  
	
                    8/25/2010

                  	
                    9/25/2010

                  	
                    9,140,137

                  
	
                    9/25/2010

                  	
                    10/25/2010

                  	
                    8,859,920

                  
	
                    10/25/2010

                  	
                    11/25/2010

                  	
                    8,588,220

                  
	
                    11/25/2010

                  	
                    12/25/2010

                  	
                    8,324,781

                  
	
                    12/25/2010

                  	
                    1/25/2011

                  	
                    8,069,354

                  
	
                    1/25/2011

                  	
                    2/25/2011

                  	
                    7,821,696

                  
	
                    2/25/2011

                  	
                    3/25/2011

                  	
                    7,581,572

                  
	
                    3/25/2011

                  	
                    4/25/2011

                  	
                    7,348,755

                  
	
                    4/25/2011

                  	
                    5/25/2011

                  	
                    7,123,024

                  
	
                    5/25/2011

                  	
                    6/25/2011

                  	
                    6,904,165

                  
	
                    6/25/2011

                  	
                    7/25/2011

                  	
                    6,691,970

                  
	
                    7/25/2011

                  	
                    8/25/2011

                  	
                    6,486,238

                  
	
                    8/25/2011

                  	
                    9/25/2011

                  	
                    6,286,773

                  
	
                    9/25/2011

                  	
                    10/25/2011

                  	
                    6,093,386

                  
	
                    10/25/2011

                  	
                    11/25/2011

                  	
                    5,905,893

                  
	
                    11/25/2011

                  	
                    12/25/2011

                  	
                    5,724,115

                  
	
                    12/25/2011

                  	
                    1/25/2012

                  	
                    5,547,879

                  
	
                    1/25/2012

                  	
                    2/25/2012

                  	
                    5,377,019

                  
	
                    2/25/2012

                  	
                    3/25/2012

                  	
                    5,211,370

                  
	
                    3/25/2012

                  	
                    4/25/2012

                  	
                    5,050,776

                  
	
                    4/25/2012

                  	
                    5/25/2012

                  	
                    4,895,083

                  
	
                    5/25/2012

                  	
                    6/25/2012

                  	
                    4,744,143

                  
	
                    6/25/2012

                  	
                    7/25/2012

                  	
                    4,597,811

                  
	
                    7/25/2012

                  	
                    8/25/2012

                  	
                    4,455,949

                  
	
                    8/25/2012

                  	
                    9/25/2012

                  	
                    4,318,420

                  
	
                    9/25/2012

                  	
                    10/25/2012

                  	
                    4,185,093

                  
	
                    10/25/2012

                  	
                    11/25/2012

                  	
                    4,055,842

                  
	
                    11/25/2012

                  	
                    12/25/2012

                  	
                    3,930,541

                  
	
                    12/25/2012

                  	
                    1/25/2013

                  	
                    3,809,073

                  

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          
            Reference
              Number: FXNCC9224

            Deutsche
              Bank National Trust Company, not in its individual capacity, but solely
              as
              Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
              Trust
              with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
              Assets
              Corp., Mortgage Pass-Through Certificates, Series 2007-1

            February
              22, 2007

            Page 8
              of 8

             

          

          
            	
                    1/25/2013

                  	
                    2/25/2013

                  	
                    3,691,319

                  
	
                    2/25/2013

                  	
                    3/25/2013

                  	
                    3,577,168

                  
	
                    3/25/2013

                  	
                    4/25/2013

                  	
                    3,466,510

                  
	
                    4/25/2013

                  	
                    5/25/2013

                  	
                    3,359,240

                  
	
                    5/25/2013

                  	
                    6/25/2013

                  	
                    3,255,254

                  
	
                    6/25/2013

                  	
                    7/25/2013

                  	
                    3,154,452

                  
	
                    7/25/2013

                  	
                    8/25/2013

                  	
                    3,056,738

                  
	
                    8/25/2013

                  	
                    9/25/2013

                  	
                    2,962,018

                  
	
                    9/25/2013

                  	
                    10/25/2013

                  	
                    2,870,202

                  
	
                    10/25/2013

                  	
                    11/25/2013

                  	
                    2,781,200

                  
	
                    11/25/2013

                  	
                    Termination
                      Date

                  	
                    2,694,928

                  

          

          
            

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

            

          

        

        BEAR
          STEARNS FINANCIAL PRODUCTS INC.

        383
          MADISON AVENUE

        NEW
          YORK,
          NEW YORK 10179

        212-272-4009

        

        

        

        
          	
                  DATE:

                	
                  February
                    22, 2007

                

        

        
          	
                   

                	 

        

        
          	
                  TO:

                	
                  Deutsche
                    Bank National Trust Company, not in its individual capacity,
                    but solely as
                    Supplemental Interest Trust Trustee on behalf of the Supplemental
                    Interest
                    Trust with respect to the Impac Secured Assets Trust 2007-1,
                    Impac Secured
                    Assets Corp., Mortgage Pass-Through Certificates, Series
                    2007-1

                

        

        

        
          	
                  ATTENTION:

                	
                  Impac
                    Secured Assets Corp. Series 2007-1

                

        

        c/o
          Deutsche Bank National Trust Company as Trustee  

        
          	
                  TELEPHONE:

                	
                  714-247-6000

                

        

        
          	
                  FACSIMILE:

                	
                  714-247-6285

                

        

        

        
          	
                  FROM:

                	
                  Derivatives
                    Documentation

                

        

        
          	
                  TELEPHONE:

                	
                  212-272-2711
                    

                

        

        
          	
                  FACSIMILE: 

                	
                  212-272-9857
                    

                

        

        

        
          	
                  SUBJECT:

                	
                  Fixed
                    Income Derivatives Confirmation

                

        

        

        
          	
                  REFERENCE
                    NUMBER(S):

                	
                  FXNCC9225

                

        

        

        The
          purpose of this letter agreement is to confirm the terms and conditions
          of the
          Transaction entered into on the Trade Date specified below (the "Transaction")
          between Bear Stearns Financial Products Inc. (“Party A”) and Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1
          (“Party
          B”). This letter agreement constitutes the sole and complete “Confirmation,” as
          referred to in the Master Agreement specified below, with respect to this
          Transaction.

        

        
          	1.
                    	
                  This
                    Confirmation is subject to and incorporates the 2000
                    ISDA Definitions
                    (the “Definitions”), as published by the International Swaps and
                    Derivatives Association, Inc. (“ISDA”). This Confirmation supplements,
                    forms a part of and is subject to the ISDA Master Agreement dated
                    as of
                    February 22, 2007 between Party A and Party B (the agreement,
                    as amended
                    and supplemented from time to time, being referred to herein
                    as the
                    “Master Agreement”). All provisions contained in, or incorporated by
                    reference to, the Master Agreement shall govern the Transaction
                    referenced
                    in this Confirmation except as expressly modified herein. In
                    the event of
                    any inconsistency between this Confirmation and the Definitions
                    or Master
                    Agreement, this Confirmation shall
                    prevail.

                

        

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        Reference
          Number: FXNCC9225 

        Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1

        February
          22, 2007

        Page
          2 of
          7

        

        
          	
                  2.

                	
                  The
                    terms of the particular Transaction to which this Confirmation
                    relates are
                    as follows:

                
	 	 	 
	 	
                  Type
                    of Transaction:

                	
                  Rate
                    Cap

                
	 	 	 
	 	
                  Notional
                    Amount:

                	
                  With
                    respect to any Calculation Period, the amount set forth for such
                    period on
                    Schedule I attached hereto.

                
	 	 	 
	 	
                  Trade
                    Date:

                	
                  February
                    16, 2007

                
	 	 	 
	 	
                  Effective
                    Date:

                	
                  February
                    26, 2007

                
	 	 	 
	 	
                  Termination
                    Date:

                	
                  January
                    25, 2010, subject to adjustment in accordance with the Business
                    Day Convention.

                
	 	 	 
	 	
                  Fixed
                    Amount (Premium):

                	
                  Inapplicable.
                    The Fixed Amounts for this Transaction and for the Transactions
                    with the
                    Party A Reference Numbers FXNCC9218, FXNCC9219,
                    FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9226,
                    FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238 and FXNCC9239 is embedded
                    in the determination of the Additional Amount specified in the
                    Confirmation identified by Party A Reference Number FXNSC9240.

                
	 	 	 
	 	
                  Floating
                    Amounts:

                	 
	 	 	 
	 	
                  Floating
                    Rate Payer:

                	
                  Party
                    A

                
	 	 	 
	 	
                  Cap
                    Rate:

                	
                  4.98000%

                
	 	 	 
	 	
                  Floating
                    Rate Payer 

                	 
	 	
                  Payment
                    Dates:

                	
                  The
                    25th
                    calendar day of each month during the Term
                    of this Transaction, commencing March 25, 2007 and ending on
                    the
                    Termination Date, subject to adjustment in accordance with the
                    Business
                    Day Convention.

                
	 	 	 
	 	
                  Floating
                    Rate Option:

                	
                  USD-LIBOR-BBA

                
	 	 	 

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

          Reference
            Number: FXNCC9225 

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 3
            of 7

           

        

        
          	 	
                  Designated
                    Maturity:

                	
                  One
                    month

                
	 	 	 
	 	
                  Floating
                    Rate Day 

                	 
	 	
                  Count
                    Fraction:

                	
                  Actual/360

                
	 	 	 
	 	
                  Reset
                    Dates:

                	
                  The
                    first day of each Calculation Period

                
	 	 	 
	 	
                  Compounding:

                	
                  Inapplicable

                
	 	 	 
	 	
                  Business
                    Days:

                	
                  New
                    York

                
	 	 	 
	 	
                  Business
                    Day Convention:

                	
                  Following

                
	 	 	 
	 	
                  Calculation
                    Agent:

                	
                  Party
                    A

                

        

        

        NEITHER
          THE BEAR STEARNS COMPANIES INC. NOR ANY SUBSIDIARY OR AFFILIATE OF THE
          BEAR
          STEARNS COMPANIES INC. OTHER THAN PARTY A IS AN OBLIGOR OR A CREDIT SUPPORT
          PROVIDER ON THIS TRANSACTION.

        

        
          	
                  3.

                	
                  Account
                    Details and

                	 
	 	
                  Settlement
                    Information:

                	
                  Payments
                    to Party A:

                
	 	 	
                  Citibank,
                    N.A., New York

                
	 	 	
                  ABA
                    Number: 021-0000-89, for the account of

                
	 	 	
                  Bear,
                    Stearns Securities Corp.

                
	 	 	
                  Account
                    Number: 0925-3186, for further credit to

                
	 	 	
                  Bear
                    Stearns Financial Products Inc.

                
	 	 	
                  Sub-account
                    Number: 102-04654-1-3

                
	 	 	
                  Attention:
                    Derivatives Department

                
	 	 	 
	 	 	
                  Payments
                    to Party B:

                
	 	 	
                  Deutsche
                    Bank Trust Company - Americas

                
	 	 	
                  ABA 
                    Number: 021001033      

                
	 	 	
                  Account
                    Number: 014-19-663

                
	 	 	
                  Account
                    Name: NYLTD Funds Control - Stars West

                
	 	 	
                  Ref: 
                    ISAC 2007-1 Derivative Acct - SWAP/Cap
                    pmt

                

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        
          Reference
            Number: FXNCC9225 

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 4
            of 7

           

        

        Additional
          Provisions:

        Non-Reliance. Each
          party represents to the other party that (a) it has not received and is
          not
          relying upon any legal, tax, regulatory, accounting or other advice (whether
          written or oral) of the other party regarding this Transaction, other than
          representations expressly made by that other party in this Confirmation
          and in
          the Master Agreement and (b) in respect of this Transaction, (i) it has
          the
          capacity to evaluate (internally or through independent professional advice)
          this Transaction and has made its own decision to enter into this Transaction
          and (ii) it understands the terms, conditions and risks of this Transaction
          and
          is willing to assume (financially and otherwise) those risks. Party B
          acknowledges that Party A has advised Party B to consult its own tax, accounting
          and legal advisors in connection with this Transaction evidenced by this
          Confirmation and that the Party B has done so.

        

        This
          Confirmation may be executed in several counterparts, each of which shall
          be
          deemed an original but all of which together shall constitute one and the
          same
          instrument.

        

        Party
          B
          hereby agrees to check this Confirmation and to confirm that the foregoing
          correctly sets forth the terms of the Transaction by signing in the space
          provided below and returning to Party A a
          facsimile of the fully-executed Confirmation to 212-272-9857.
          For
          inquiries regarding U.S. Transactions, please contact Derivatives
          Documentation
          by
          telephone at
          212-272-711.
          For all
          other inquiries please contact Derivatives
          Documentation by
          telephone at 353-1-402-6233.
          Originals
          will be provided for your execution upon your request.

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        Reference
          Number: FXNCC9225 

        Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1

        February
          22, 2007

        Page 5
          of 7

        We
          are
          very pleased to have executed this Transaction with you and we look forward
          to
          completing other transactions with you in the near future.

        

        Very
          truly yours,

        

        BEAR
          STEARNS FINANCIAL PRODUCTS INC.

        

         

        By: 
          _______________________________
Name:
Title:

        

        Party
          B, acting through its duly authorized signatory, hereby agrees to, accepts
          and
          confirms the terms of the foregoing as of the Trade Date.

        

        DEUTSCHE
          BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY
          AS
          SUPPLEMENTAL INTEREST TRUST TRUSTEE ON BEHALF OF THE SUPPLEMENTAL INTEREST
          TRUST
          WITH RESPECT TO THE IMPAC SECURED ASSETS TRUST 2007-1, IMPAC SECURED ASSETS
          CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-1

        

        

        By: 
          _______________________________
Name:
Title:

        

        

        am

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        Reference
          Number: FXNCC9225 

        Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1

        February
          22, 2007

        Page 6
          of 7

         

        SCHEDULE
          I

        (All
          such
          dates adjustment in accordance with the Business Day Convention)

        

        
          	
                  From
                    and including

                	
                  To
                    but excluding

                	
                  Notional
                    Amount (USD)

                
	
                  Effective
                    Date

                	
                  3/25/2007

                	
                  9,968,000

                
	
                  3/25/2007

                	
                  4/25/2007

                	
                  9,914,560

                
	
                  4/25/2007

                	
                  5/25/2007

                	
                  9,839,450

                
	
                  5/25/2007

                	
                  6/25/2007

                	
                  9,742,580

                
	
                  6/25/2007

                	
                  7/25/2007

                	
                  9,623,980

                
	
                  7/25/2007

                	
                  8/25/2007

                	
                  9,483,830

                
	
                  8/25/2007

                	
                  9/25/2007

                	
                  9,322,430

                
	
                  9/25/2007

                	
                  10/25/2007

                	
                  9,140,260

                
	
                  10/25/2007

                	
                  11/25/2007

                	
                  8,937,910

                
	
                  11/25/2007

                	
                  12/25/2007

                	
                  8,716,130

                
	
                  12/25/2007

                	
                  1/25/2008

                	
                  8,475,820

                
	
                  1/25/2008

                	
                  2/25/2008

                	
                  8,218,010

                
	
                  2/25/2008

                	
                  3/25/2008

                	
                  7,967,990

                
	
                  3/25/2008

                	
                  4/25/2008

                	
                  7,725,530

                
	
                  4/25/2008

                	
                  5/25/2008

                	
                  7,490,390

                
	
                  5/25/2008

                	
                  6/25/2008

                	
                  7,262,360

                
	
                  6/25/2008

                	
                  7/25/2008

                	
                  7,041,220

                
	
                  7/25/2008

                	
                  8/25/2008

                	
                  6,826,770

                
	
                  8/25/2008

                	
                  9/25/2008

                	
                  6,618,810

                
	
                  9/25/2008

                	
                  10/25/2008

                	
                  6,417,130

                
	
                  10/25/2008

                	
                  11/25/2008

                	
                  6,221,550

                
	
                  11/25/2008

                	
                  12/25/2008

                	
                  6,031,900

                
	
                  12/25/2008

                	
                  1/25/2009

                	
                  5,847,980

                
	
                  1/25/2009

                	
                  2/25/2009

                	
                  5,669,630

                
	
                  2/25/2009

                	
                  3/25/2009

                	
                  5,496,670

                
	
                  3/25/2009

                	
                  4/25/2009

                	
                  5,328,960

                
	
                  4/25/2009

                	
                  5/25/2009

                	
                  5,166,320

                
	
                  5/25/2009

                	
                  6/25/2009

                	
                  5,008,610

                
	
                  6/25/2009

                	
                  7/25/2009

                	
                  4,855,680

                
	
                  7/25/2009

                	
                  8/25/2009

                	
                  4,707,380

                
	
                  8/25/2009

                	
                  9/25/2009

                	
                  4,563,580

                
	
                  9/25/2009

                	
                  10/25/2009

                	
                  4,424,130

                
	
                  10/25/2009

                	
                  11/25/2009

                	
                  4,288,910

                
	
                  11/25/2009

                	
                  12/25/2009

                	
                  4,157,800

                

        

        
           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9225 

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 7
            of 7

        

         

        
          	
                  12/25/2009

                	
                  Termination
                    Date

                	
                  4,030,660

                

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        

        
          BEAR
            STEARNS FINANCIAL PRODUCTS INC.

          383
            MADISON AVENUE

          NEW
            YORK,
            NEW YORK 10179

          212-272-4009

          

          

          

          
            	
                    DATE:

                  	
                    February
                      22, 2007

                  

          

          
            	
                     

                  	 

          

          
            	
                    TO:

                  	
                    Deutsche
                      Bank National Trust Company, not in its individual capacity,
                      but solely as
                      Supplemental Interest Trust Trustee on behalf of the Supplemental
                      Interest
                      Trust with respect to the Impac Secured Assets Trust 2007-1,
                      Impac Secured
                      Assets Corp., Mortgage Pass-Through Certificates, Series
                      2007-1

                  

          

          

          
            	
                    ATTENTION:

                  	
                    Impac
                      Secured Assets Corp. Series 2007-1

                  

          

          
            	 	
                    c/o
                      Deutsche Bank National Trust Company as Trustee 

                  

          

          
            	
                    TELEPHONE:

                  	
                    714-247-6000

                  

          

          
            	
                    FACSIMILE:

                  	
                    714-247-6285

                  

          

          

          
            	
                    FROM:

                  	
                    Derivatives
                      Documentation

                  

          

          
            	
                    TELEPHONE:

                  	
                    212-272-2711
                      

                  

          

          
            	
                    FACSIMILE: 

                  	
                    212-272-9857
                      

                  

          

          

          
            	
                    SUBJECT:

                  	
                    Fixed
                      Income Derivatives Confirmation 

                  

          

          

          
            	
                    REFERENCE
                      NUMBER(S):

                  	
                    FXNCC9226

                  

          

          

          The
            purpose of this letter agreement is to confirm the terms and conditions
            of the
            Transaction entered into on the Trade Date specified below (the "Transaction")
            between Bear Stearns Financial Products Inc. (“Party A”) and Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1
            (“Party
            B”). This letter agreement constitutes the sole and complete “Confirmation,” as
            referred to in the Master Agreement specified below, with respect to
            this
            Transaction.

          

          	1.
                    	
                  This
                    Confirmation is subject to and incorporates the 2000
                    ISDA Definitions
                    (the “Definitions”), as published by the International Swaps and
                    Derivatives Association, Inc. (“ISDA”). This Confirmation supplements,
                    forms a part of and is subject to the ISDA Master Agreement dated
                    as of
                    February 22, 2007 between Party A and Party B (the agreement,
                    as amended
                    and supplemented from time to time, being referred to herein
                    as the
                    “Master Agreement”). All provisions contained in, or incorporated by
                    reference to, the Master Agreement shall govern the Transaction
                    referenced
                    in this Confirmation except as expressly modified herein. In
                    the event of
                    any inconsistency between this Confirmation and the Definitions
                    or Master
                    Agreement, this Confirmation shall
                    prevail.

                

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9226 

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page
            2 of
            7

          

          
            	
                    2.

                  	
                    The
                      terms of the particular Transaction to which this Confirmation
                      relates are
                      as follows:

                  
	 	 	 
	 	
                    Type
                      of Transaction:

                  	
                    Rate
                      Cap

                  
	 	 	 
	 	
                    Notional
                      Amount:

                  	
                    With
                      respect to any Calculation Period, the amount set forth for
                      such period on
                      Schedule I attached hereto.

                  
	 	 	 
	 	
                    Trade
                      Date:

                  	
                    February
                      16, 2007

                  
	 	 	 
	 	
                    Effective
                      Date:

                  	
                    February
                      26, 2007

                  
	 	 	 
	 	
                    Termination
                      Date:

                  	
                    November
                      25, 2011, subject to adjustment in accordance with the Business
                      Day Convention.

                  
	 	 	 
	 	
                    Fixed
                      Amount (Premium):

                  	
                    Inapplicable.
                      The Fixed Amounts for this Transaction and for the Transactions
                      with the
                      Party A Reference Numbers FXNCC9218 FXNCC9219,
                      FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225,
                      FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238 and FXNCC9239 is
embedded
                      in the determination of the Additional Amount specified in
                      the
                      Confirmation identified by Party A Reference Number FXNSC9240.

                  
	 	 	 
	 	
                    Floating
                      Amounts:

                  	 
	 	 	 
	 	
                    Floating
                      Rate Payer:

                  	
                    Party
                      A

                  
	 	 	 
	 	
                    Cap
                      Rate:

                  	
                    5.23000%

                  
	 	 	 
	 	
                    Floating
                      Rate Payer 

                  	 
	 	
                    Payment
                      Dates:

                  	
                    The
                      25th
                      calendar day of each month during the Term
                      of this Transaction, commencing March 25, 2007 and ending on
                      the
                      Termination Date, subject to adjustment in accordance with
                      the Business
                      Day Convention.

                  
	 	 	 
	 	
                    Floating
                      Rate Option:

                  	
                    USD-LIBOR-BBA

                  
	 	 	 

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

            Reference
              Number: FXNCC9226 

            Deutsche
              Bank National Trust Company, not in its individual capacity, but solely
              as
              Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
              Trust
              with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
              Assets
              Corp., Mortgage Pass-Through Certificates, Series 2007-1

            February
              22, 2007

            Page 3
              of 7

             

          

          
            	 	
                    Designated
                      Maturity:

                  	
                    One
                      month

                  
	 	 	 
	 	
                    Floating
                      Rate Day 

                  	 
	 	
                    Count
                      Fraction:

                  	
                    Actual/360

                  
	 	 	 
	 	
                    Reset
                      Dates:

                  	
                    The
                      first day of each Calculation Period

                  
	 	 	 
	 	
                    Compounding:

                  	
                    Inapplicable

                  
	 	 	 
	 	
                    Business
                      Days:

                  	
                    New
                      York

                  
	 	 	 
	 	
                    Business
                      Day Convention:

                  	
                    Following

                  
	 	 	 
	 	
                    Calculation
                      Agent:

                  	
                    Party
                      A

                  

          

          

          NEITHER
            THE BEAR STEARNS COMPANIES INC. NOR ANY SUBSIDIARY OR AFFILIATE OF THE
            BEAR
            STEARNS COMPANIES INC. OTHER THAN PARTY A IS AN OBLIGOR OR A CREDIT SUPPORT
            PROVIDER ON THIS TRANSACTION.

          

          
            	
                    3.

                  	
                    Account
                      Details and

                  	 
	 	
                    Settlement
                      Information:

                  	
                    Payments
                      to Party A:

                  
	 	 	
                    Citibank,
                      N.A., New York

                  
	 	 	
                    ABA
                      Number: 021-0000-89, for the account of

                  
	 	 	
                    Bear,
                      Stearns Securities Corp.

                  
	 	 	
                    Account
                      Number: 0925-3186, for further credit to

                  
	 	 	
                    Bear
                      Stearns Financial Products Inc.

                  
	 	 	
                    Sub-account
                      Number: 102-04654-1-3

                  
	 	 	
                    Attention:
                      Derivatives Department

                  
	 	 	 
	 	 	
                    Payments
                      to Party B:

                  
	 	 	
                    Deutsche
                      Bank Trust Company - Americas

                  
	 	 	
                    ABA 
                      Number: 021001033      

                  
	 	 	
                    Account
                      Number: 014-19-663

                  
	 	 	
                    Account
                      Name: NYLTD Funds Control - Stars West

                  
	 	 	
                    Ref: 
                      ISAC 2007-1 Derivative Acct - SWAP/Cap
                      pmt

                  

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          
            Reference
              Number: FXNCC9226 

            Deutsche
              Bank National Trust Company, not in its individual capacity, but solely
              as
              Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
              Trust
              with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
              Assets
              Corp., Mortgage Pass-Through Certificates, Series 2007-1

            February
              22, 2007

            Page 4
              of 7

             

          

          Additional
            Provisions:

          Non-Reliance. Each
            party represents to the other party that (a) it has not received and
            is not
            relying upon any legal, tax, regulatory, accounting or other advice (whether
            written or oral) of the other party regarding this Transaction, other
            than
            representations expressly made by that other party in this Confirmation
            and in
            the Master Agreement and (b) in respect of this Transaction, (i) it has
            the
            capacity to evaluate (internally or through independent professional
            advice)
            this Transaction and has made its own decision to enter into this Transaction
            and (ii) it understands the terms, conditions and risks of this Transaction
            and
            is willing to assume (financially and otherwise) those risks. Party B
            acknowledges that Party A has advised Party B to consult its own tax,
            accounting
            and legal advisors in connection with this Transaction evidenced by this
            Confirmation and that the Party B has done so.

          

          This
            Confirmation may be executed in several counterparts, each of which shall
            be
            deemed an original but all of which together shall constitute one and
            the same
            instrument.

          

          Party
            B
            hereby agrees to check this Confirmation and to confirm that the foregoing
            correctly sets forth the terms of the Transaction by signing in the space
            provided below and returning to Party A a
            facsimile of the fully-executed Confirmation to 212-272-9857.
            For
            inquiries regarding U.S. Transactions, please contact Derivatives
            Documentation
            by
            telephone at
            212-272-711.
            For all
            other inquiries please contact Derivatives
            Documentation by
            telephone at 353-1-402-6233.
            Originals
            will be provided for your execution upon your request.

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9226 

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 5
            of 7

           

          We
            are
            very pleased to have executed this Transaction with you and we look forward
            to
            completing other transactions with you in the near future.

          

          Very
            truly yours,

          

          BEAR
            STEARNS FINANCIAL PRODUCTS INC.

          

           

          By: 
            _______________________________
Name:
Title:

          

          Party
            B, acting through its duly authorized signatory, hereby agrees to, accepts
            and
            confirms the terms of the foregoing as of the Trade Date.

          

          DEUTSCHE
            BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY
            AS
            SUPPLEMENTAL INTEREST TRUST TRUSTEE ON BEHALF OF THE SUPPLEMENTAL INTEREST
            TRUST
            WITH RESPECT TO THE IMPAC SECURED ASSETS TRUST 2007-1, IMPAC SECURED
            ASSETS
            CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-1

          

          

          By: 
            _______________________________
Name:
Title:

          

          

          am

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9226 

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 6
            of 7

           

          SCHEDULE
            I

          (All
            such
            dates adjustment in accordance with the Business Day Convention)

          

          
            	
                    From
                      and including

                  	
                    To
                      but excluding

                  	
                    Notional
                      Amount

                    (USD)

                  
	
                    Effective
                      Date

                  	
                    3/25/2007

                  	
                    14,759,175

                  
	
                    3/25/2007

                  	
                    4/25/2007

                  	
                    14,613,870

                  
	
                    4/25/2007

                  	
                    5/25/2007

                  	
                    14,435,970

                  
	
                    5/25/2007

                  	
                    6/25/2007

                  	
                    14,225,745

                  
	
                    6/25/2007

                  	
                    7/25/2007

                  	
                    13,983,645

                  
	
                    7/25/2007

                  	
                    8/25/2007

                  	
                    13,710,390

                  
	
                    8/25/2007

                  	
                    9/25/2007

                  	
                    13,406,865

                  
	
                    9/25/2007

                  	
                    10/25/2007

                  	
                    13,074,195

                  
	
                    10/25/2007

                  	
                    11/25/2007

                  	
                    12,713,730

                  
	
                    11/25/2007

                  	
                    12/25/2007

                  	
                    12,327,015

                  
	
                    12/25/2007

                  	
                    1/25/2008

                  	
                    11,951,985

                  
	
                    1/25/2008

                  	
                    2/25/2008

                  	
                    11,588,295

                  
	
                    2/25/2008

                  	
                    3/25/2008

                  	
                    11,235,585

                  
	
                    3/25/2008

                  	
                    4/25/2008

                  	
                    10,893,540

                  
	
                    4/25/2008

                  	
                    5/25/2008

                  	
                    10,561,830

                  
	
                    5/25/2008

                  	
                    6/25/2008

                  	
                    10,240,155

                  
	
                    6/25/2008

                  	
                    7/25/2008

                  	
                    9,928,215

                  
	
                    7/25/2008

                  	
                    8/25/2008

                  	
                    9,625,695

                  
	
                    8/25/2008

                  	
                    9/25/2008

                  	
                    9,332,325

                  
	
                    9/25/2008

                  	
                    10/25/2008

                  	
                    9,047,850

                  
	
                    10/25/2008

                  	
                    11/25/2008

                  	
                    8,771,970

                  
	
                    11/25/2008

                  	
                    12/25/2008

                  	
                    8,504,445

                  
	
                    12/25/2008

                  	
                    1/25/2009

                  	
                    8,245,005

                  
	
                    1/25/2009

                  	
                    2/25/2009

                  	
                    7,993,440

                  
	
                    2/25/2009

                  	
                    3/25/2009

                  	
                    7,749,480

                  
	
                    3/25/2009

                  	
                    4/25/2009

                  	
                    7,512,915

                  
	
                    4/25/2009

                  	
                    5/25/2009

                  	
                    7,283,520

                  
	
                    5/25/2009

                  	
                    6/25/2009

                  	
                    7,061,070

                  
	
                    6/25/2009

                  	
                    7/25/2009

                  	
                    6,845,370

                  
	
                    7/25/2009

                  	
                    8/25/2009

                  	
                    6,636,195

                  
	
                    8/25/2009

                  	
                    9/25/2009

                  	
                    6,433,365

                  
	
                    9/25/2009

                  	
                    10/25/2009

                  	
                    6,236,700

                  
	
                    10/25/2009

                  	
                    11/25/2009

                  	
                    6,045,990

                  

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

            Reference
              Number: FXNCC9226 

            Deutsche
              Bank National Trust Company, not in its individual capacity, but solely
              as
              Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
              Trust
              with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
              Assets
              Corp., Mortgage Pass-Through Certificates, Series 2007-1

            February
              22, 2007

            Page 7
              of 7

             

          

          
            	
                    11/25/2009

                  	
                    12/25/2009

                  	
                    5,861,055

                  
	
                    12/25/2009

                  	
                    1/25/2010

                  	
                    5,681,745

                  
	
                    1/25/2010

                  	
                    2/25/2010

                  	
                    5,507,880

                  
	
                    2/25/2010

                  	
                    3/25/2010

                  	
                    5,339,280

                  
	
                    3/25/2010

                  	
                    4/25/2010

                  	
                    5,175,810

                  
	
                    4/25/2010

                  	
                    5/25/2010

                  	
                    5,017,290

                  
	
                    5/25/2010

                  	
                    6/25/2010

                  	
                    4,863,600

                  
	
                    6/25/2010

                  	
                    7/25/2010

                  	
                    4,714,575

                  
	
                    7/25/2010

                  	
                    8/25/2010

                  	
                    4,570,065

                  
	
                    8/25/2010

                  	
                    9/25/2010

                  	
                    4,429,965

                  
	
                    9/25/2010

                  	
                    10/25/2010

                  	
                    4,294,110

                  
	
                    10/25/2010

                  	
                    11/25/2010

                  	
                    4,162,395

                  
	
                    11/25/2010

                  	
                    12/25/2010

                  	
                    4,034,670

                  
	
                    12/25/2010

                  	
                    1/25/2011

                  	
                    3,910,845

                  
	
                    1/25/2011

                  	
                    2/25/2011

                  	
                    3,790,785

                  
	
                    2/25/2011

                  	
                    3/25/2011

                  	
                    3,674,370

                  
	
                    3/25/2011

                  	
                    4/25/2011

                  	
                    3,561,510

                  
	
                    4/25/2011

                  	
                    5/25/2011

                  	
                    3,452,085

                  
	
                    5/25/2011

                  	
                    6/25/2011

                  	
                    3,345,990

                  
	
                    6/25/2011

                  	
                    7/25/2011

                  	
                    3,243,120

                  
	
                    7/25/2011

                  	
                    8/25/2011

                  	
                    3,143,385

                  
	
                    8/25/2011

                  	
                    9/25/2011

                  	
                    3,046,695

                  
	
                    9/25/2011

                  	
                    10/25/2011

                  	
                    2,952,945

                  
	
                    10/25/2011

                  	
                    Termination
                      Date

                  	
                    2,862,060

                  

          

           

        

        
          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          

        

        
          BEAR
            STEARNS FINANCIAL PRODUCTS INC.

          383
            MADISON AVENUE

          NEW
            YORK,
            NEW YORK 10179

          212-272-4009

          

          

          

          
            	
                    DATE:

                  	
                    February
                      22, 2007

                  

          

          
            	
                     

                  	 

          

          
            	
                    TO:

                  	
                    Deutsche
                      Bank National Trust Company, not in its individual capacity,
                      but solely as
                      Supplemental Interest Trust Trustee on behalf of the Supplemental
                      Interest
                      Trust with respect to the Impac Secured Assets Trust 2007-1,
                      Impac Secured
                      Assets Corp., Mortgage Pass-Through Certificates, Series
                      2007-1

                  

          

          

          
            	
                    ATTENTION:

                  	
                    Impac
                      Secured Assets Corp. Series 2007-1

                  

          

          c/o
            Deutsche Bank National Trust Company as Trustee  

          
            	
                    TELEPHONE:

                  	
                    714-247-6000

                  

          

          
            	
                    FACSIMILE:

                  	
                    714-247-6285

                  

          

          

          
            	
                    FROM:

                  	
                    Derivatives
                      Documentation

                  

          

          
            	
                    TELEPHONE:

                  	
                    212-272-2711
                      

                  

          

          
            	
                    FACSIMILE: 

                  	
                    212-272-9857
                      

                  

          

          

          
            	
                    SUBJECT:

                  	
                    Fixed
                      Income Derivatives Confirmation 

                  

          

          

          
            	
                    REFERENCE
                      NUMBER(S):

                  	
                    FXNCC9227

                  

          

          

          The
            purpose of this letter agreement is to confirm the terms and conditions
            of the
            Transaction entered into on the Trade Date specified below (the "Transaction")
            between Bear Stearns Financial Products Inc. (“Party A”) and Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1
            (“Party
            B”). This letter agreement constitutes the sole and complete “Confirmation,” as
            referred to in the Master Agreement specified below, with respect to
            this
            Transaction.

          

          	1.
                    	
                  This
                    Confirmation is subject to and incorporates the 2000
                    ISDA Definitions
                    (the “Definitions”), as published by the International Swaps and
                    Derivatives Association, Inc. (“ISDA”). This Confirmation supplements,
                    forms a part of and is subject to the ISDA Master Agreement dated
                    as of
                    February 22, 2007 between Party A and Party B (the agreement,
                    as amended
                    and supplemented from time to time, being referred to herein
                    as the
                    “Master Agreement”). All provisions contained in, or incorporated by
                    reference to, the Master Agreement shall govern the Transaction
                    referenced
                    in this Confirmation except as expressly modified herein. In
                    the event of
                    any inconsistency between this Confirmation and the Definitions
                    or Master
                    Agreement, this Confirmation shall
                    prevail.

                

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9227

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page
            2 of
            7

          

          
            	
                    2.

                  	
                    The
                      terms of the particular Transaction to which this Confirmation
                      relates are
                      as follows:

                  
	 	 	 
	 	
                    Type
                      of Transaction:

                  	
                    Rate
                      Cap

                  
	 	 	 
	 	
                    Notional
                      Amount:

                  	
                    With
                      respect to any Calculation Period, the amount set forth for
                      such period on
                      Schedule I attached hereto.

                  
	 	 	 
	 	
                    Trade
                      Date:

                  	
                    February
                      16, 2007

                  
	 	 	 
	 	
                    Effective
                      Date:

                  	
                    February
                      26, 2007

                  
	 	 	 
	 	
                    Termination
                      Date:

                  	
                    January
                      25, 2012, subject to adjustment in accordance with the Business
                      Day Convention.

                  
	 	 	 
	 	
                    Fixed
                      Amount (Premium):

                  	
                    Inapplicable.
                      The Fixed Amounts for this Transaction and for the Transactions
                      with the
                      Party A Reference Numbers FXNCC9218, FXNCC9219,
                      FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225,
                      FXNCC9226, FXNCC9228, FXNCC9229, FXNCC9238 and FXNCC9239 is
embedded
                      in the determination of the Additional Amount specified in
                      the
                      Confirmation identified by Party A Reference Number FXNSC9240.

                  
	 	 	 
	 	
                    Floating
                      Amounts:

                  	 
	 	 	 
	 	
                    Floating
                      Rate Payer:

                  	
                    Party
                      A

                  
	 	 	 
	 	
                    Cap
                      Rate:

                  	
                    4.98000%

                  
	 	 	 
	 	
                    Floating
                      Rate Payer 

                  	 
	 	
                    Payment
                      Dates:

                  	
                    The
                      25th
                      calendar day of each month during the Term
                      of this Transaction, commencing March 25, 2007 and ending on
                      the
                      Termination Date, subject to adjustment in accordance with
                      the Business
                      Day Convention.

                  
	 	 	 
	 	
                    Floating
                      Rate Option:

                  	
                    USD-LIBOR-BBA

                  
	 	 	 

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

            Reference
              Number: FXNCC9227

            Deutsche
              Bank National Trust Company, not in its individual capacity, but solely
              as
              Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
              Trust
              with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
              Assets
              Corp., Mortgage Pass-Through Certificates, Series 2007-1

            February
              22, 2007

            Page 3
              of 7

             

          

          
            	 	
                    Designated
                      Maturity:

                  	
                    One
                      month

                  
	 	 	 
	 	
                    Floating
                      Rate Day 

                  	 
	 	
                    Count
                      Fraction:

                  	
                    Actual/360

                  
	 	 	 
	 	
                    Reset
                      Dates:

                  	
                    The
                      first day of each Calculation Period

                  
	 	 	 
	 	
                    Compounding:

                  	
                    Inapplicable

                  
	 	 	 
	 	
                    Business
                      Days:

                  	
                    New
                      York

                  
	 	 	 
	 	
                    Business
                      Day Convention:

                  	
                    Following

                  
	 	 	 
	 	
                    Calculation
                      Agent:

                  	
                    Party
                      A

                  

          

          

          NEITHER
            THE BEAR STEARNS COMPANIES INC. NOR ANY SUBSIDIARY OR AFFILIATE OF THE
            BEAR
            STEARNS COMPANIES INC. OTHER THAN PARTY A IS AN OBLIGOR OR A CREDIT SUPPORT
            PROVIDER ON THIS TRANSACTION.

          

          
            	
                    3.

                  	
                    Account
                      Details and

                  	 
	 	
                    Settlement
                      Information:

                  	
                    Payments
                      to Party A:

                  
	 	 	
                    Citibank,
                      N.A., New York

                  
	 	 	
                    ABA
                      Number: 021-0000-89, for the account of

                  
	 	 	
                    Bear,
                      Stearns Securities Corp.

                  
	 	 	
                    Account
                      Number: 0925-3186, for further credit to

                  
	 	 	
                    Party
                      A Financial Products Inc.

                  
	 	 	
                    Sub-account
                      Number: 102-04654-1-3

                  
	 	 	
                    Attention:
                      Derivatives Department

                  
	 	 	 
	 	 	
                    Payments
                      to Party B:

                  
	 	 	
                    Deutsche
                      Bank Trust Company - Americas

                  
	 	 	
                    ABA 
                      Number: 021001033      

                  
	 	 	
                    Account
                      Number: 014-19-663

                  
	 	 	
                    Account
                      Name: NYLTD Funds Control - Stars West

                  
	 	 	
                    Ref: 
                      ISAC 2007-1 Derivative Acct - SWAP/Cap
                      pmt

                  

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9227

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 4
            of 7

          

          Additional
            Provisions:

          Non-Reliance. Each
            party represents to the other party that (a) it has not received and
            is not
            relying upon any legal, tax, regulatory, accounting or other advice (whether
            written or oral) of the other party regarding this Transaction, other
            than
            representations expressly made by that other party in this Confirmation
            and in
            the Master Agreement and (b) in respect of this Transaction, (i) it has
            the
            capacity to evaluate (internally or through independent professional
            advice)
            this Transaction and has made its own decision to enter into this Transaction
            and (ii) it understands the terms, conditions and risks of this Transaction
            and
            is willing to assume (financially and otherwise) those risks. Party B
            acknowledges that Party A has advised Party B to consult its own tax,
            accounting
            and legal advisors in connection with this Transaction evidenced by this
            Confirmation and that the Party B has done so.

          

          This
            Confirmation may be executed in several counterparts, each of which shall
            be
            deemed an original but all of which together shall constitute one and
            the same
            instrument.

          

          Party
            B
            hereby agrees to check this Confirmation and to confirm that the foregoing
            correctly sets forth the terms of the Transaction by signing in the space
            provided below and returning to Party A a
            facsimile of the fully-executed Confirmation to 212-272-9857.
            For
            inquiries regarding U.S. Transactions, please contact Derivatives
            Documentation
            by
            telephone at
            212-272-711.
            For all
            other inquiries please contact Derivatives
            Documentation by
            telephone at 353-1-402-6233.
            Originals
            will be provided for your execution upon your request.

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9227

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 5
            of 7

           

          We
            are
            very pleased to have executed this Transaction with you and we look forward
            to
            completing other transactions with you in the near future.

          

          Very
            truly yours,

          

          BEAR
            STEARNS FINANCIAL PRODUCTS INC.

          

          

          By: 
            _______________________________
Name:
Title:

          

          Party
            B, acting through its duly authorized signatory, hereby agrees to, accepts
            and
            confirms the terms of the foregoing as of the Trade Date.

          

          DEUTSCHE
            BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY
            AS
            SUPPLEMENTAL INTEREST TRUST TRUSTEE ON BEHALF OF THE SUPPLEMENTAL INTEREST
            TRUST
            WITH RESPECT TO THE IMPAC SECURED ASSETS TRUST 2007-1, IMPAC SECURED
            ASSETS
            CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-1

          

          

          By: 
            _______________________________
Name:
Title:

          

          am

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9227

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 6
            of 7

           

          SCHEDULE
            I

          (All
            such
            dates adjustment in accordance with the Business Day Convention)

          

          
            	
                    From
                      and including

                  	
                    To
                      but excluding

                  	
                    Notional
                      Amount

                    (USD)

                  
	
                    Effective
                      Date

                  	
                    3/25/2007

                  	
                    19,936,000

                  
	
                    3/25/2007

                  	
                    4/25/2007

                  	
                    19,829,120

                  
	
                    4/25/2007

                  	
                    5/25/2007

                  	
                    19,678,900

                  
	
                    5/25/2007

                  	
                    6/25/2007

                  	
                    19,485,160

                  
	
                    6/25/2007

                  	
                    7/25/2007

                  	
                    19,247,960

                  
	
                    7/25/2007

                  	
                    8/25/2007

                  	
                    18,967,660

                  
	
                    8/25/2007

                  	
                    9/25/2007

                  	
                    18,644,860

                  
	
                    9/25/2007

                  	
                    10/25/2007

                  	
                    18,280,520

                  
	
                    10/25/2007

                  	
                    11/25/2007

                  	
                    17,875,820

                  
	
                    11/25/2007

                  	
                    12/25/2007

                  	
                    17,432,260

                  
	
                    12/25/2007

                  	
                    1/25/2008

                  	
                    16,951,640

                  
	
                    1/25/2008

                  	
                    2/25/2008

                  	
                    16,436,020

                  
	
                    2/25/2008

                  	
                    3/25/2008

                  	
                    15,935,980

                  
	
                    3/25/2008

                  	
                    4/25/2008

                  	
                    15,451,060

                  
	
                    4/25/2008

                  	
                    5/25/2008

                  	
                    14,980,780

                  
	
                    5/25/2008

                  	
                    6/25/2008

                  	
                    14,524,720

                  
	
                    6/25/2008

                  	
                    7/25/2008

                  	
                    14,082,440

                  
	
                    7/25/2008

                  	
                    8/25/2008

                  	
                    13,653,540

                  
	
                    8/25/2008

                  	
                    9/25/2008

                  	
                    13,237,620

                  
	
                    9/25/2008

                  	
                    10/25/2008

                  	
                    12,834,260

                  
	
                    10/25/2008

                  	
                    11/25/2008

                  	
                    12,443,100

                  
	
                    11/25/2008

                  	
                    12/25/2008

                  	
                    12,063,800

                  
	
                    12/25/2008

                  	
                    1/25/2009

                  	
                    11,695,960

                  
	
                    1/25/2009

                  	
                    2/25/2009

                  	
                    11,339,260

                  
	
                    2/25/2009

                  	
                    3/25/2009

                  	
                    10,993,340

                  
	
                    3/25/2009

                  	
                    4/25/2009

                  	
                    10,657,920

                  
	
                    4/25/2009

                  	
                    5/25/2009

                  	
                    10,332,640

                  
	
                    5/25/2009

                  	
                    6/25/2009

                  	
                    10,017,220

                  
	
                    6/25/2009

                  	
                    7/25/2009

                  	
                    9,711,360

                  
	
                    7/25/2009

                  	
                    8/25/2009

                  	
                    9,414,760

                  
	
                    8/25/2009

                  	
                    9/25/2009

                  	
                    9,127,160

                  
	
                    9/25/2009

                  	
                    10/25/2009

                  	
                    8,848,260

                  
	
                    10/25/2009

                  	
                    11/25/2009

                  	
                    8,577,820

                  

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

            Reference
              Number: FXNCC9227

            Deutsche
              Bank National Trust Company, not in its individual capacity, but solely
              as
              Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
              Trust
              with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
              Assets
              Corp., Mortgage Pass-Through Certificates, Series 2007-1

            February
              22, 2007

            Page 7
              of 7

             

          

          
            	
                    11/25/2009

                  	
                    12/25/2009

                  	
                    8,315,600

                  
	
                    12/25/2009

                  	
                    1/25/2010

                  	
                    8,061,320

                  
	
                    1/25/2010

                  	
                    2/25/2010

                  	
                    7,814,740

                  
	
                    2/25/2010

                  	
                    3/25/2010

                  	
                    7,575,660

                  
	
                    3/25/2010

                  	
                    4/25/2010

                  	
                    7,343,840

                  
	
                    4/25/2010

                  	
                    5/25/2010

                  	
                    7,119,040

                  
	
                    5/25/2010

                  	
                    6/25/2010

                  	
                    6,901,080

                  
	
                    6/25/2010

                  	
                    7/25/2010

                  	
                    6,689,720

                  
	
                    7/25/2010

                  	
                    8/25/2010

                  	
                    6,484,800

                  
	
                    8/25/2010

                  	
                    9/25/2010

                  	
                    6,286,100

                  
	
                    9/25/2010

                  	
                    10/25/2010

                  	
                    6,093,420

                  
	
                    10/25/2010

                  	
                    11/25/2010

                  	
                    5,906,620

                  
	
                    11/25/2010

                  	
                    12/25/2010

                  	
                    5,725,480

                  
	
                    12/25/2010

                  	
                    1/25/2011

                  	
                    5,549,860

                  
	
                    1/25/2011

                  	
                    2/25/2011

                  	
                    5,379,560

                  
	
                    2/25/2011

                  	
                    3/25/2011

                  	
                    5,214,460

                  
	
                    3/25/2011

                  	
                    4/25/2011

                  	
                    5,054,380

                  
	
                    4/25/2011

                  	
                    5/25/2011

                  	
                    4,899,160

                  
	
                    5/25/2011

                  	
                    6/25/2011

                  	
                    4,748,680

                  
	
                    6/25/2011

                  	
                    7/25/2011

                  	
                    4,602,780

                  
	
                    7/25/2011

                  	
                    8/25/2011

                  	
                    4,461,320

                  
	
                    8/25/2011

                  	
                    9/25/2011

                  	
                    4,324,160

                  
	
                    9/25/2011

                  	
                    10/25/2011

                  	
                    4,191,180

                  
	
                    10/25/2011

                  	
                    11/25/2011

                  	
                    4,062,260

                  
	
                    11/25/2011

                  	
                    12/25/2011

                  	
                    3,937,260

                  
	
                    12/25/2011

                  	
                    Termination
                      Date

                  	
                    3,816,080

                  

          

           

        

        
          
            

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

            

          

          BEAR
            STEARNS FINANCIAL PRODUCTS INC.

          383
            MADISON AVENUE

          NEW
            YORK,
            NEW YORK 10179

          212-272-4009

          

          

          

          
            	
                    DATE:

                  	
                    February
                      22, 2007

                  

          

          
            	
                     

                  	 

          

          
            	
                    TO:

                  	
                    Deutsche
                      Bank National Trust Company, not in its individual capacity,
                      but solely as
                      Supplemental Interest Trust Trustee on behalf of the Supplemental
                      Interest
                      Trust with respect to the Impac Secured Assets Trust 2007-1,
                      Impac Secured
                      Assets Corp., Mortgage Pass-Through Certificates, Series
                      2007-1

                  

          

          

          
            	
                    ATTENTION:

                  	
                    Impac
                      Secured Assets Corp. Series 2007-1

                  

          

          c/o
            Deutsche Bank National Trust Company as Trustee  

          
            	
                    TELEPHONE:

                  	
                    714-247-6000

                  

          

          
            	
                    FACSIMILE:

                  	
                    714-247-6285

                  

          

          

          
            	
                    FROM:

                  	
                    Derivatives
                      Documentation

                  

          

          
            	
                    TELEPHONE:

                  	
                    212-272-2711
                      

                  

          

          
            	
                    FACSIMILE: 

                  	
                    212-272-9857
                      

                  

          

          

          
            	
                    SUBJECT:

                  	
                    Fixed
                      Income Derivatives Confirmation 

                  

          

          

          
            	
                    REFERENCE
                      NUMBER(S):

                  	
                    FXNCC9228

                  

          

          

          The
            purpose of this letter agreement is to confirm the terms and conditions
            of the
            Transaction entered into on the Trade Date specified below (the "Transaction")
            between Bear Stearns Financial Products Inc. (“Party A”) and Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1
            (“Party
            B”). This letter agreement constitutes the sole and complete “Confirmation,” as
            referred to in the Master Agreement specified below, with respect to
            this
            Transaction.

          

          	1.
                    	
                  This
                    Confirmation is subject to and incorporates the 2000
                    ISDA Definitions
                    (the “Definitions”), as published by the International Swaps and
                    Derivatives Association, Inc. (“ISDA”). This Confirmation supplements,
                    forms a part of and is subject to the ISDA Master Agreement dated
                    as of
                    February 22, 2007 between Party A and Party B (the agreement,
                    as amended
                    and supplemented from time to time, being referred to herein
                    as the
                    “Master Agreement”). All provisions contained in, or incorporated by
                    reference to, the Master Agreement shall govern the Transaction
                    referenced
                    in this Confirmation except as expressly modified herein. In
                    the event of
                    any inconsistency between this Confirmation and the Definitions
                    or Master
                    Agreement, this Confirmation shall
                    prevail.

                

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9228 

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page
            2 of
            7

          

          
            	
                    2.

                  	
                    The
                      terms of the particular Transaction to which this Confirmation
                      relates are
                      as follows:

                  
	 	 	 
	 	
                    Type
                      of Transaction:

                  	
                    Rate
                      Cap

                  
	 	 	 
	 	
                    Notional
                      Amount:

                  	
                    With
                      respect to any Calculation Period, the amount set forth for
                      such period on
                      Schedule I attached hereto.

                  
	 	 	 
	 	
                    Trade
                      Date:

                  	
                    February
                      16, 2007

                  
	 	 	 
	 	
                    Effective
                      Date:

                  	
                    February
                      26, 2007

                  
	 	 	 
	 	
                    Termination
                      Date:

                  	
                    November
                      25, 2011, subject to adjustment in accordance with the Business
                      Day Convention.

                  
	 	 	 
	 	
                    Fixed
                      Amount (Premium):

                  	
                    Inapplicable.
                      The Fixed Amounts for this Transaction and for the Transactions
                      with the
                      Party A Reference Numbers FXNCC9218, FXNCC9219,
                      FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225,
                      FXNCC9226, FXNCC9227, FXNCC9229, FXNCC9238 and FXNCC9239 is
embedded
                      in the determination of the Additional Amount specified in
                      the
                      Confirmation identified by Party A Reference Number FXNSC9240.

                  
	 	 	 
	 	
                    Floating
                      Amounts:

                  	 
	 	 	 
	 	
                    Floating
                      Rate Payer:

                  	
                    Party
                      A

                  
	 	 	 
	 	
                    Cap
                      Rate:

                  	
                    5.18600%

                  
	 	 	 
	 	
                    Floating
                      Rate Payer 

                  	 
	 	
                    Payment
                      Dates:

                  	
                    The
                      25th
                      calendar day of each month during the Term
                      of this Transaction, commencing March 25, 2007 and ending on
                      the
                      Termination Date, subject to adjustment in accordance with
                      the Business
                      Day Convention.

                  
	 	 	 
	 	
                    Floating
                      Rate Option:

                  	
                    USD-LIBOR-BBA

                  
	 	 	 

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

            Reference
              Number: FXNCC9228 

            Deutsche
              Bank National Trust Company, not in its individual capacity, but solely
              as
              Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
              Trust
              with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
              Assets
              Corp., Mortgage Pass-Through Certificates, Series 2007-1

            February
              22, 2007

            Page 3
              of 7

             

          

          
            	 	
                    Designated
                      Maturity:

                  	
                    One
                      month

                  
	 	 	 
	 	
                    Floating
                      Rate Day 

                  	 
	 	
                    Count
                      Fraction:

                  	
                    Actual/360

                  
	 	 	 
	 	
                    Reset
                      Dates:

                  	
                    The
                      first day of each Calculation Period

                  
	 	 	 
	 	
                    Compounding:

                  	
                    Inapplicable

                  
	 	 	 
	 	
                    Business
                      Days:

                  	
                    New
                      York

                  
	 	 	 
	 	
                    Business
                      Day Convention:

                  	
                    Following

                  
	 	 	 
	 	
                    Calculation
                      Agent:

                  	
                    Party
                      A

                  

          

          

          NEITHER
            THE BEAR STEARNS COMPANIES INC. NOR ANY SUBSIDIARY OR AFFILIATE OF THE
            BEAR
            STEARNS COMPANIES INC. OTHER THAN PARTY A IS AN OBLIGOR OR A CREDIT SUPPORT
            PROVIDER ON THIS TRANSACTION.

          

          
            	
                    3.

                  	
                    Account
                      Details and

                  	 
	 	
                    Settlement
                      Information:

                  	
                    Payments
                      to Party A:

                  
	 	 	
                    Citibank,
                      N.A., New York

                  
	 	 	
                    ABA
                      Number: 021-0000-89, for the account of

                  
	 	 	
                    Bear,
                      Stearns Securities Corp.

                  
	 	 	
                    Account
                      Number: 0925-3186, for further credit to

                  
	 	 	
                    Bear
                      Stearns Financial Products Inc.

                  
	 	 	
                    Sub-account
                      Number: 102-04654-1-3

                  
	 	 	
                    Attention:
                      Derivatives Department

                  
	 	 	 
	 	 	
                    Payments
                      to Party B:

                  
	 	 	
                    Deutsche
                      Bank Trust Company - Americas

                  
	 	 	
                    ABA 
                      Number: 021001033      

                  
	 	 	
                    Account
                      Number: 014-19-663

                  
	 	 	
                    Account
                      Name: NYLTD Funds Control - Stars West

                  
	 	 	
                    Ref: 
                      ISAC 2007-1 Derivative Acct - SWAP/Cap
                      pmt

                  

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9228 

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 4
            of 7

          

          Additional
            Provisions:

          Non-Reliance. Each
            party represents to the other party that (a) it has not received and
            is not
            relying upon any legal, tax, regulatory, accounting or other advice (whether
            written or oral) of the other party regarding this Transaction, other
            than
            representations expressly made by that other party in this Confirmation
            and in
            the Master Agreement and (b) in respect of this Transaction, (i) it has
            the
            capacity to evaluate (internally or through independent professional
            advice)
            this Transaction and has made its own decision to enter into this Transaction
            and (ii) it understands the terms, conditions and risks of this Transaction
            and
            is willing to assume (financially and otherwise) those risks. Party B
            acknowledges that Party A has advised Party B to consult its own tax,
            accounting
            and legal advisors in connection with this Transaction evidenced by this
            Confirmation and that the Party B has done so.

          

          This
            Confirmation may be executed in several counterparts, each of which shall
            be
            deemed an original but all of which together shall constitute one and
            the same
            instrument.

          

          Party
            B
            hereby agrees to check this Confirmation and to confirm that the foregoing
            correctly sets forth the terms of the Transaction by signing in the space
            provided below and returning to Party A a
            facsimile of the fully-executed Confirmation to 212-272-9857.
            For
            inquiries regarding U.S. Transactions, please contact Derivatives
            Documentation
            by
            telephone at
            212-272-711.
            For all
            other inquiries please contact Derivatives
            Documentation by
            telephone at 353-1-402-6233.
            Originals
            will be provided for your execution upon your request.

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9228 

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 5
            of 7

           

          We
            are
            very pleased to have executed this Transaction with you and we look forward
            to
            completing other transactions with you in the near future.

          

          Very
            truly yours,

          

          BEAR
            STEARNS FINANCIAL PRODUCTS INC.

          

          

          By: 
            _______________________________
Name:
Title:

          

          Party
            B, acting through its duly authorized signatory, hereby agrees to, accepts
            and
            confirms the terms of the foregoing as of the Trade Date.

          

          DEUTSCHE
            BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY
            AS
            SUPPLEMENTAL INTEREST TRUST TRUSTEE ON BEHALF OF THE SUPPLEMENTAL INTEREST
            TRUST
            WITH RESPECT TO THE IMPAC SECURED ASSETS TRUST 2007-1, IMPAC SECURED
            ASSETS
            CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-1

          

          

          By: 
            _______________________________
Name:
Title:

          

          

          am

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9228 

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 6
            of 7

           

          SCHEDULE
            I

          (All
            such
            dates adjustment in accordance with the Business Day Convention)

          

          
            	
                    From
                      and including

                  	
                    To
                      but excluding

                  	
                    Notional
                      Amount

                    (USD)

                  
	
                    Effective
                      Date

                  	
                    3/25/2007

                  	
                    24,598,625

                  
	
                    3/25/2007

                  	
                    4/25/2007

                  	
                    24,356,450

                  
	
                    4/25/2007

                  	
                    5/25/2007

                  	
                    24,059,950

                  
	
                    5/25/2007

                  	
                    6/25/2007

                  	
                    23,709,575

                  
	
                    6/25/2007

                  	
                    7/25/2007

                  	
                    23,306,075

                  
	
                    7/25/2007

                  	
                    8/25/2007

                  	
                    22,850,650

                  
	
                    8/25/2007

                  	
                    9/25/2007

                  	
                    22,344,775

                  
	
                    9/25/2007

                  	
                    10/25/2007

                  	
                    21,790,325

                  
	
                    10/25/2007

                  	
                    11/25/2007

                  	
                    21,189,550

                  
	
                    11/25/2007

                  	
                    12/25/2007

                  	
                    20,545,025

                  
	
                    12/25/2007

                  	
                    1/25/2008

                  	
                    19,919,975

                  
	
                    1/25/2008

                  	
                    2/25/2008

                  	
                    19,313,825

                  
	
                    2/25/2008

                  	
                    3/25/2008

                  	
                    18,725,975

                  
	
                    3/25/2008

                  	
                    4/25/2008

                  	
                    18,155,900

                  
	
                    4/25/2008

                  	
                    5/25/2008

                  	
                    17,603,050

                  
	
                    5/25/2008

                  	
                    6/25/2008

                  	
                    17,066,925

                  
	
                    6/25/2008

                  	
                    7/25/2008

                  	
                    16,547,025

                  
	
                    7/25/2008

                  	
                    8/25/2008

                  	
                    16,042,825

                  
	
                    8/25/2008

                  	
                    9/25/2008

                  	
                    15,553,875

                  
	
                    9/25/2008

                  	
                    10/25/2008

                  	
                    15,079,750

                  
	
                    10/25/2008

                  	
                    11/25/2008

                  	
                    14,619,950

                  
	
                    11/25/2008

                  	
                    12/25/2008

                  	
                    14,174,075

                  
	
                    12/25/2008

                  	
                    1/25/2009

                  	
                    13,741,675

                  
	
                    1/25/2009

                  	
                    2/25/2009

                  	
                    13,322,400

                  
	
                    2/25/2009

                  	
                    3/25/2009

                  	
                    12,915,800

                  
	
                    3/25/2009

                  	
                    4/25/2009

                  	
                    12,521,525

                  
	
                    4/25/2009

                  	
                    5/25/2009

                  	
                    12,139,200

                  
	
                    5/25/2009

                  	
                    6/25/2009

                  	
                    11,768,450

                  
	
                    6/25/2009

                  	
                    7/25/2009

                  	
                    11,408,950

                  
	
                    7/25/2009

                  	
                    8/25/2009

                  	
                    11,060,325

                  
	
                    8/25/2009

                  	
                    9/25/2009

                  	
                    10,722,275

                  
	
                    9/25/2009

                  	
                    10/25/2009

                  	
                    10,394,500

                  
	
                    10/25/2009

                  	
                    11/25/2009

                  	
                    10,076,650

                  

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

            Reference
              Number: FXNCC9228 

            Deutsche
              Bank National Trust Company, not in its individual capacity, but solely
              as
              Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
              Trust
              with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
              Assets
              Corp., Mortgage Pass-Through Certificates, Series 2007-1

            February
              22, 2007

            Page 7
              of 7

             

          

          
            	
                    11/25/2009

                  	
                    12/25/2009

                  	
                    9,768,425

                  
	
                    12/25/2009

                  	
                    1/25/2010

                  	
                    9,469,575

                  
	
                    1/25/2010

                  	
                    2/25/2010

                  	
                    9,179,800

                  
	
                    2/25/2010

                  	
                    3/25/2010

                  	
                    8,898,800

                  
	
                    3/25/2010

                  	
                    4/25/2010

                  	
                    8,626,350

                  
	
                    4/25/2010

                  	
                    5/25/2010

                  	
                    8,362,150

                  
	
                    5/25/2010

                  	
                    6/25/2010

                  	
                    8,106,000

                  
	
                    6/25/2010

                  	
                    7/25/2010

                  	
                    7,857,625

                  
	
                    7/25/2010

                  	
                    8/25/2010

                  	
                    7,616,775

                  
	
                    8/25/2010

                  	
                    9/25/2010

                  	
                    7,383,275

                  
	
                    9/25/2010

                  	
                    10/25/2010

                  	
                    7,156,850

                  
	
                    10/25/2010

                  	
                    11/25/2010

                  	
                    6,937,325

                  
	
                    11/25/2010

                  	
                    12/25/2010

                  	
                    6,724,450

                  
	
                    12/25/2010

                  	
                    1/25/2011

                  	
                    6,518,075

                  
	
                    1/25/2011

                  	
                    2/25/2011

                  	
                    6,317,975

                  
	
                    2/25/2011

                  	
                    3/25/2011

                  	
                    6,123,950

                  
	
                    3/25/2011

                  	
                    4/25/2011

                  	
                    5,935,850

                  
	
                    4/25/2011

                  	
                    5/25/2011

                  	
                    5,753,475

                  
	
                    5/25/2011

                  	
                    6/25/2011

                  	
                    5,576,650

                  
	
                    6/25/2011

                  	
                    7/25/2011

                  	
                    5,405,200

                  
	
                    7/25/2011

                  	
                    8/25/2011

                  	
                    5,238,975

                  
	
                    8/25/2011

                  	
                    9/25/2011

                  	
                    5,077,825

                  
	
                    9/25/2011

                  	
                    10/25/2011

                  	
                    4,921,575

                  
	
                    10/25/2011

                  	
                    Termination
                      Date

                  	
                    4,770,100

                  

          

          

          
            
              

              
                
                  
                  

                

                
                  
                  

                  
                    

                  

                

                
                  
                  

                

                
                  

                  BEAR
                    STEARNS FINANCIAL PRODUCTS INC.

                  383
                    MADISON AVENUE

                  NEW
                    YORK,
                    NEW YORK 10179

                  212-272-4009

                

                 

              

            

          

        

        
          	
                  DATE:

                	
                  February
                    22, 2007

                

        

        
          	
                   

                	 

        

        
          	
                  TO:

                	
                  Deutsche
                    Bank National Trust Company, not in its individual capacity,
                    but solely as
                    Supplemental Interest Trust Trustee on behalf of the Supplemental
                    Interest
                    Trust with respect to the Impac Secured Assets Trust 2007-1,
                    Impac Secured
                    Assets Corp., Mortgage Pass-Through Certificates, Series
                    2007-1

                

        

        

        
          	
                  ATTENTION:

                	
                  Impac
                    Secured Assets Corp. Series 2007-1

                

        

        c/o
          Deutsche Bank National Trust Company as Trustee  

        
          	
                  TELEPHONE:

                	
                  714-247-6000

                

        

        
          	
                  FACSIMILE:

                	
                  714-247-6285

                

        

        

        
          	
                  FROM:

                	
                  Derivatives
                    Documentation

                

        

        
          	
                  TELEPHONE:

                	
                  212-272-2711
                    

                

        

        
          	
                  FACSIMILE: 

                	
                  212-272-9857
                    

                

        

        

        
          	
                  SUBJECT:

                	
                  Fixed
                    Income Derivatives Confirmation 

                

        

        

        
          	
                  REFERENCE
                    NUMBER(S):

                	
                  FXNCC9229

                

        

        

        The
          purpose of this letter agreement is to confirm the terms and conditions
          of the
          Transaction entered into on the Trade Date specified below (the "Transaction")
          between Bear Stearns Financial Products Inc. (“Party A”) and Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1
          (“Counterparty”). This letter agreement constitutes the sole and complete
“Confirmation,” as referred to in the Master Agreement specified below, with
          respect to this Transaction.

        

        
          	1.
                    	
                  This
                    Confirmation is subject to and incorporates the 2000
                    ISDA Definitions
                    (the “Definitions”), as published by the International Swaps and
                    Derivatives Association, Inc. (“ISDA”). This Confirmation supplements,
                    forms a part of and is subject to the ISDA Master Agreement dated
                    as of
                    February 22, 2007 between Party A and Counterparty (the agreement,
                    as
                    amended and supplemented from time to time, being referred to
                    herein as
                    the “Master Agreement”). All provisions contained in, or incorporated by
                    reference to, the Master Agreement shall govern the Transaction
                    referenced
                    in this Confirmation except as expressly modified herein. In
                    the event of
                    any inconsistency between this Confirmation and the Definitions
                    or Master
                    Agreement, this Confirmation shall
                    prevail.

                

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        Reference
          Number: FXNCC9229

        Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1

        February
          22, 2007

        Page
          2 of
          7

        

        
          	
                  2.

                	
                  The
                    terms of the particular Transaction to which this Confirmation
                    relates are
                    as follows:

                
	 	 	 
	 	
                  Type
                    of Transaction:

                	
                  Rate
                    Cap

                
	 	 	 
	 	
                  Notional
                    Amount:

                	
                  With
                    respect to any Calculation Period, the amount set forth for such
                    period on
                    Schedule I attached hereto.

                
	 	 	 
	 	
                  Trade
                    Date:

                	
                  February
                    16, 2007

                
	 	 	 
	 	
                  Effective
                    Date:

                	
                  February
                    26, 2007

                
	 	 	 
	 	
                  Termination
                    Date:

                	
                  December
                    25, 2011, subject to adjustment in accordance with the Business
                    Day Convention.

                
	 	 	 
	 	
                  Fixed
                    Amount (Premium):

                	
                  Inapplicable.
                    The Fixed Amounts for this Transaction and for the Transactions
                    with the
                    Party A Reference Numbers FXNCC9218, FXNCC9219,
                    FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225,
                    FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9238 and FXNCC9239 is embedded
                    in the determination of the Additional Amount specified in the
                    Confirmation identified by Party A Reference Number FXNSC9240.

                
	 	 	 
	 	
                  Floating
                    Amounts:

                	 
	 	 	 
	 	
                  Floating
                    Rate Payer:

                	
                  Party
                    A

                
	 	 	 
	 	
                  Cap
                    Rate:

                	
                  4.91000%

                
	 	 	 
	 	
                  Floating
                    Rate Payer 

                	 
	 	
                  Payment
                    Dates:

                	
                  The
                    25th
                    calendar day of each month during the Term
                    of this Transaction, commencing March 25, 2007 and ending on
                    the
                    Termination Date, subject to adjustment in accordance with the
                    Business
                    Day Convention.

                
	 	 	 
	 	
                  Floating
                    Rate Option:

                	
                  USD-LIBOR-BBA

                
	 	 	 

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

          Reference
            Number: FXNCC9229

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 3
            of 7

           

        

        
          	 	
                  Designated
                    Maturity:

                	
                  One
                    month

                
	 	 	 
	 	
                  Floating
                    Rate Day 

                	 
	 	
                  Count
                    Fraction:

                	
                  Actual/360

                
	 	 	 
	 	
                  Reset
                    Dates:

                	
                  The
                    first day of each Calculation Period

                
	 	 	 
	 	
                  Compounding:

                	
                  Inapplicable

                
	 	 	 
	 	
                  Business
                    Days:

                	
                  New
                    York

                
	 	 	 
	 	
                  Business
                    Day Convention:

                	
                  Following

                
	 	 	 
	 	
                  Calculation
                    Agent:

                	
                  Party
                    A

                

        

        

        NEITHER
          THE BEAR STEARNS COMPANIES INC. NOR ANY SUBSIDIARY OR AFFILIATE OF THE
          BEAR
          STEARNS COMPANIES INC. OTHER THAN PARTY A IS AN OBLIGOR OR A CREDIT SUPPORT
          PROVIDER ON THIS TRANSACTION.

        

        
          	
                  3.

                	
                  Account
                    Details and

                	 
	 	
                  Settlement
                    Information:

                	
                  Payments
                    to Party A:

                
	 	 	
                  Citibank,
                    N.A., New York

                
	 	 	
                  ABA
                    Number: 021-0000-89, for the account of

                
	 	 	
                  Bear,
                    Stearns Securities Corp.

                
	 	 	
                  Account
                    Number: 0925-3186, for further credit to

                
	 	 	
                  Bear
                    Stearns Financial Products Inc.

                
	 	 	
                  Sub-account
                    Number: 102-04654-1-3

                
	 	 	
                  Attention:
                    Derivatives Department

                
	 	 	 
	 	 	
                  Payments
                    to Counterparty:

                
	 	 	
                  Deutsche
                    Bank Trust Company - Americas

                
	 	 	
                  ABA 
                    Number: 021001033      

                
	 	 	
                  Account
                    Number: 014-19-663

                
	 	 	
                  Account
                    Name: NYLTD Funds Control - Stars West

                
	 	 	
                  Ref: 
                    ISAC 2007-1 Derivative Acct - SWAP/Cap
                    pmt

                

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        Reference
          Number: FXNCC9229

        Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1

        February
          22, 2007

        Page 4
          of 7

        

        Additional
          Provisions:

        Non-Reliance. Each
          party represents to the other party that (a) it has not received and is
          not
          relying upon any legal, tax, regulatory, accounting or other advice (whether
          written or oral) of the other party regarding this Transaction, other than
          representations expressly made by that other party in this Confirmation
          and in
          the Master Agreement and (b) in respect of this Transaction, (i) it has
          the
          capacity to evaluate (internally or through independent professional advice)
          this Transaction and has made its own decision to enter into this Transaction
          and (ii) it understands the terms, conditions and risks of this Transaction
          and
          is willing to assume (financially and otherwise) those risks. Counterparty
          acknowledges that Party A has advised Counterparty to consult its own tax,
          accounting and legal advisors in connection with this Transaction evidenced
          by
          this Confirmation and that the Counterparty has done so.

        

        This
          Confirmation may be executed in several counterparts, each of which shall
          be
          deemed an original but all of which together shall constitute one and the
          same
          instrument.

        

        Counterparty
          hereby agrees to check this Confirmation and to confirm that the foregoing
          correctly sets forth the terms of the Transaction by signing in the space
          provided below and returning to Party A a
          facsimile of the fully-executed Confirmation to 212-272-9857.
          For
          inquiries regarding U.S. Transactions, please contact Derivatives
          Documentation
          by
          telephone at
          212-272-711.
          For all
          other inquiries please contact Derivatives
          Documentation by
          telephone at 353-1-402-6233.
          Originals
          will be provided for your execution upon your request.

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        Reference
          Number: FXNCC9229

        Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1

        February
          22, 2007

        Page 5
          of 7

         

        We
          are
          very pleased to have executed this Transaction with you and we look forward
          to
          completing other transactions with you in the near future.

        

        Very
          truly yours,

        

        BEAR
          STEARNS FINANCIAL PRODUCTS INC.

        

         

        By: 
          _______________________________
Name:
Title:

        

        Counterparty,
          acting through its duly authorized signatory, hereby agrees to, accepts
          and
          confirms the terms of the foregoing as of the Trade Date.

        

        DEUTSCHE
          BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY
          AS
          SUPPLEMENTAL INTEREST TRUST TRUSTEE ON BEHALF OF THE SUPPLEMENTAL INTEREST
          TRUST
          WITH RESPECT TO THE IMPAC SECURED ASSETS TRUST 2007-1, IMPAC SECURED ASSETS
          CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-1

         

        

        By: 
          _______________________________
Name:
Title:

        

        

        am

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        Reference
          Number: FXNCC9229

        Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1

        February
          22, 2007

        Page 6
          of 7

         

        SCHEDULE
          I

        (All
          such
          dates adjustment in accordance with the Business Day Convention)

        

        
          	
                  From
                    and including

                	
                  To
                    but excluding

                	
                  Notional
                    Amount

                  (USD)

                
	
                  Effective
                    Date

                	
                  3/25/2007

                	
                  9,914,560

                
	
                  3/25/2007

                	
                  4/25/2007

                	
                  9,839,450

                
	
                  4/25/2007

                	
                  5/25/2007

                	
                  9,742,580

                
	
                  5/25/2007

                	
                  6/25/2007

                	
                  9,623,980

                
	
                  6/25/2007

                	
                  7/25/2007

                	
                  9,483,830

                
	
                  7/25/2007

                	
                  8/25/2007

                	
                  9,322,430

                
	
                  8/25/2007

                	
                  9/25/2007

                	
                  9,140,260

                
	
                  9/25/2007

                	
                  10/25/2007

                	
                  8,937,910

                
	
                  10/25/2007

                	
                  11/25/2007

                	
                  8,716,130

                
	
                  11/25/2007

                	
                  12/25/2007

                	
                  8,475,820

                
	
                  12/25/2007

                	
                  1/25/2008

                	
                  8,218,010

                
	
                  1/25/2008

                	
                  2/25/2008

                	
                  7,967,990

                
	
                  2/25/2008

                	
                  3/25/2008

                	
                  7,725,530

                
	
                  3/25/2008

                	
                  4/25/2008

                	
                  7,490,390

                
	
                  4/25/2008

                	
                  5/25/2008

                	
                  7,262,360

                
	
                  5/25/2008

                	
                  6/25/2008

                	
                  7,041,220

                
	
                  6/25/2008

                	
                  7/25/2008

                	
                  6,826,770

                
	
                  7/25/2008

                	
                  8/25/2008

                	
                  6,618,810

                
	
                  8/25/2008

                	
                  9/25/2008

                	
                  6,417,130

                
	
                  9/25/2008

                	
                  10/25/2008

                	
                  6,221,550

                
	
                  10/25/2008

                	
                  11/25/2008

                	
                  6,031,900

                
	
                  11/25/2008

                	
                  12/25/2008

                	
                  5,847,980

                
	
                  12/25/2008

                	
                  1/25/2009

                	
                  5,669,630

                
	
                  1/25/2009

                	
                  2/25/2009

                	
                  5,496,670

                
	
                  2/25/2009

                	
                  3/25/2009

                	
                  5,328,960

                
	
                  3/25/2009

                	
                  4/25/2009

                	
                  5,166,320

                
	
                  4/25/2009

                	
                  5/25/2009

                	
                  5,008,610

                
	
                  5/25/2009

                	
                  6/25/2009

                	
                  4,855,680

                
	
                  6/25/2009

                	
                  7/25/2009

                	
                  4,707,380

                
	
                  7/25/2009

                	
                  8/25/2009

                	
                  4,563,580

                
	
                  8/25/2009

                	
                  9/25/2009

                	
                  4,424,130

                
	
                  9/25/2009

                	
                  10/25/2009

                	
                  4,288,910

                
	
                  10/25/2009

                	
                  11/25/2009

                	
                  4,157,800

                

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

          Reference
            Number: FXNCC9229

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 7
            of 7

           

        

        
          	
                  11/25/2009

                	
                  12/25/2009

                	
                  4,030,660

                
	
                  12/25/2009

                	
                  1/25/2010

                	
                  3,907,370

                
	
                  1/25/2010

                	
                  2/25/2010

                	
                  3,787,830

                
	
                  2/25/2010

                	
                  3/25/2010

                	
                  3,671,920

                
	
                  3/25/2010

                	
                  4/25/2010

                	
                  3,559,520

                
	
                  4/25/2010

                	
                  5/25/2010

                	
                  3,450,540

                
	
                  5/25/2010

                	
                  6/25/2010

                	
                  3,344,860

                
	
                  6/25/2010

                	
                  7/25/2010

                	
                  3,242,400

                
	
                  7/25/2010

                	
                  8/25/2010

                	
                  3,143,050

                
	
                  8/25/2010

                	
                  9/25/2010

                	
                  3,046,710

                
	
                  9/25/2010

                	
                  10/25/2010

                	
                  2,953,310

                
	
                  10/25/2010

                	
                  11/25/2010

                	
                  2,862,740

                
	
                  11/25/2010

                	
                  12/25/2010

                	
                  2,774,930

                
	
                  12/25/2010

                	
                  1/25/2011

                	
                  2,689,780

                
	
                  1/25/2011

                	
                  2/25/2011

                	
                  2,607,230

                
	
                  2/25/2011

                	
                  3/25/2011

                	
                  2,527,190

                
	
                  3/25/2011

                	
                  4/25/2011

                	
                  2,449,580

                
	
                  4/25/2011

                	
                  5/25/2011

                	
                  2,374,340

                
	
                  5/25/2011

                	
                  6/25/2011

                	
                  2,301,390

                
	
                  6/25/2011

                	
                  7/25/2011

                	
                  2,230,660

                
	
                  7/25/2011

                	
                  8/25/2011

                	
                  2,162,080

                
	
                  8/25/2011

                	
                  9/25/2011

                	
                  2,095,590

                
	
                  9/25/2011

                	
                  10/25/2011

                	
                  2,031,130

                
	
                  10/25/2011

                	
                  11/25/2011

                	
                  1,968,630

                
	
                  11/25/2011

                	
                  Termination
                    Date

                	
                  1,908,040

                

        

         

        
          
            

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

            

          

          BEAR
            STEARNS FINANCIAL PRODUCTS INC.

          383
            MADISON AVENUE

          NEW
            YORK,
            NEW YORK 10179

          212-272-4009

          

          

          

          
            	
                    DATE:

                  	
                    February
                      22, 2007

                  

          

          
            	
                     

                  	 

          

          
            	
                    TO:

                  	
                    Deutsche
                      Bank National Trust Company, not in its individual capacity,
                      but solely as
                      Supplemental Interest Trust Trustee on behalf of the Supplemental
                      Interest
                      Trust with respect to the Impac Secured Assets Trust 2007-1,
                      Impac Secured
                      Assets Corp., Mortgage Pass-Through Certificates, Series
                      2007-1

                  

          

          

          
            	
                    ATTENTION:

                  	
                    Impac
                      Secured Assets Corp. Series 2007-1

                  

          

          c/o
            Deutsche Bank National Trust Company as Trustee  

          
            	
                    TELEPHONE:

                  	
                    714-247-6000

                  

          

          
            	
                    FACSIMILE:

                  	
                    714-247-6285

                  

          

          

          
            	
                    FROM:

                  	
                    Derivatives
                      Documentation

                  

          

          
            	
                    TELEPHONE:

                  	
                    212-272-2711
                      

                  

          

          
            	
                    FACSIMILE: 

                  	
                    212-272-9857
                      

                  

          

          

          
            	
                    SUBJECT:

                  	
                    Fixed
                      Income Derivatives Confirmation

                  

          

          

          
            	
                    REFERENCE
                      NUMBER(S):

                  	
                    FXNCC9238

                  

          

          

          The
            purpose of this letter agreement is to confirm the terms and conditions
            of the
            Transaction entered into on the Trade Date specified below (the "Transaction")
            between Bear Stearns Financial Products Inc. (“Party A”) and Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1
            (“Counterparty”). This letter agreement constitutes the sole and complete
“Confirmation,” as referred to in the Master Agreement specified below, with
            respect to this Transaction.

          

          	1.
                    	
                  This
                    Confirmation is subject to and incorporates the 2000
                    ISDA Definitions
                    (the “Definitions”), as published by the International Swaps and
                    Derivatives Association, Inc. (“ISDA”). This Confirmation supplements,
                    forms a part of and is subject to the ISDA Master Agreement dated
                    as of
                    February 22, 2007 between Party A and Counterparty (the agreement,
                    as
                    amended and supplemented from time to time, being referred to
                    herein as
                    the “Master Agreement”). All provisions contained in, or incorporated by
                    reference to, the Master Agreement shall govern the Transaction
                    referenced
                    in this Confirmation except as expressly modified herein. In
                    the event of
                    any inconsistency between this Confirmation and the Definitions
                    or Master
                    Agreement, this Confirmation shall
                    prevail.

                

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          Reference
            Number: FXNCC9238

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page
            2 of
            7

          

          
            	
                    2.

                  	
                    The
                      terms of the particular Transaction to which this Confirmation
                      relates are
                      as follows:

                  
	 	 	 
	 	
                    Type
                      of Transaction:

                  	
                    Rate
                      Cap

                  
	 	 	 
	 	
                    Notional
                      Amount:

                  	
                    With
                      respect to any Calculation Period, the amount set forth for
                      such period on
                      Schedule I attached hereto.

                  
	 	 	 
	 	
                    Trade
                      Date:

                  	
                    February
                      16, 2007

                  
	 	 	 
	 	
                    Effective
                      Date:

                  	
                    February
                      26, 2007

                  
	 	 	 
	 	
                    Termination
                      Date:

                  	
                    January
                      25, 2012, subject to adjustment in accordance with the Business
                      Day Convention.

                  
	 	 	 
	 	
                    Fixed
                      Amount (Premium):

                  	
                    Inapplicable.
                      The Fixed Amounts for this Transaction and for the Transactions
                      with the
                      Party A Reference Numbers FXNCC9218, FXNCC9219,
                      FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225,
                      FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229 and FXNCC9239 is
embedded
                      in the determination of the Additional Amount specified in
                      the
                      Confirmation identified by Party A Reference Number FXNSC9240.

                  
	 	 	 
	 	
                    Floating
                      Amounts:

                  	 
	 	 	 
	 	
                    Floating
                      Rate Payer:

                  	
                    Party
                      A

                  
	 	 	 
	 	
                    Cap
                      Rate:

                  	
                    4.97000%

                  
	 	 	 
	 	
                    Floating
                      Rate Payer 

                  	 
	 	
                    Payment
                      Dates:

                  	
                    The
                      25th
                      calendar day of each month during the Term
                      of this Transaction, commencing March 25, 2007 and ending on
                      the
                      Termination Date, subject to adjustment in accordance with
                      the Business
                      Day Convention.

                  
	 	 	 
	 	
                    Floating
                      Rate Option:

                  	
                    USD-LIBOR-BBA

                  
	 	 	 

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

            
              Reference
                Number: FXNCC9238

              Deutsche
                Bank National Trust Company, not in its individual capacity, but
                solely as
                Supplemental Interest Trust Trustee on behalf of the Supplemental
                Interest Trust
                with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
                Assets
                Corp., Mortgage Pass-Through Certificates, Series 2007-1

              February
                22, 2007

              Page 3
                of 7

            

             

          

          
            	 	
                    Designated
                      Maturity:

                  	
                    One
                      month

                  
	 	 	 
	 	
                    Floating
                      Rate Day 

                  	 
	 	
                    Count
                      Fraction:

                  	
                    Actual/360

                  
	 	 	 
	 	
                    Reset
                      Dates:

                  	
                    The
                      first day of each Calculation Period

                  
	 	 	 
	 	
                    Compounding:

                  	
                    Inapplicable

                  
	 	 	 
	 	
                    Business
                      Days:

                  	
                    New
                      York

                  
	 	 	 
	 	
                    Business
                      Day Convention:

                  	
                    Following

                  
	 	 	 
	 	
                    Calculation
                      Agent:

                  	
                    Party
                      A

                  

          

          

          NEITHER
            THE BEAR STEARNS COMPANIES INC. NOR ANY SUBSIDIARY OR AFFILIATE OF THE
            BEAR
            STEARNS COMPANIES INC. OTHER THAN PARTY A IS AN OBLIGOR OR A CREDIT SUPPORT
            PROVIDER ON THIS TRANSACTION.

          

          
            	
                    3.

                  	
                    Account
                      Details and

                  	 
	 	
                    Settlement
                      Information:

                  	
                    Payments
                      to Party A:

                  
	 	 	
                    Citibank,
                      N.A., New York

                  
	 	 	
                    ABA
                      Number: 021-0000-89, for the account of

                  
	 	 	
                    Bear,
                      Stearns Securities Corp.

                  
	 	 	
                    Account
                      Number: 0925-3186, for further credit to

                  
	 	 	
                    Bear
                      Stearns Financial Products Inc.

                  
	 	 	
                    Sub-account
                      Number: 102-04654-1-3

                  
	 	 	
                    Attention:
                      Derivatives Department

                  
	 	 	 
	 	 	
                    Payments
                      to Counterparty:

                  
	 	 	
                    Deutsche
                      Bank Trust Company - Americas

                  
	 	 	
                    ABA 
                      Number: 021001033      

                  
	 	 	
                    Account
                      Number: 014-19-663

                  
	 	 	
                    Account
                      Name: NYLTD Funds Control - Stars West

                  
	 	 	
                    Ref: 
                      ISAC 2007-1 Derivative Acct - SWAP/Cap
                      pmt

                  

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          
            
              Reference
                Number: FXNCC9238

              Deutsche
                Bank National Trust Company, not in its individual capacity, but
                solely as
                Supplemental Interest Trust Trustee on behalf of the Supplemental
                Interest Trust
                with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
                Assets
                Corp., Mortgage Pass-Through Certificates, Series 2007-1

              February
                22, 2007

              Page 4
                of 7

            

             

          

          Additional
            Provisions:

          Non-Reliance. Each
            party represents to the other party that (a) it has not received and
            is not
            relying upon any legal, tax, regulatory, accounting or other advice (whether
            written or oral) of the other party regarding this Transaction, other
            than
            representations expressly made by that other party in this Confirmation
            and in
            the Master Agreement and (b) in respect of this Transaction, (i) it has
            the
            capacity to evaluate (internally or through independent professional
            advice)
            this Transaction and has made its own decision to enter into this Transaction
            and (ii) it understands the terms, conditions and risks of this Transaction
            and
            is willing to assume (financially and otherwise) those risks. Counterparty
            acknowledges that Party A has advised Counterparty to consult its own
            tax,
            accounting and legal advisors in connection with this Transaction evidenced
            by
            this Confirmation and that the Counterparty has done so.

          

          This
            Confirmation may be executed in several counterparts, each of which shall
            be
            deemed an original but all of which together shall constitute one and
            the same
            instrument.

          

          Counterparty
            hereby agrees to check this Confirmation and to confirm that the foregoing
            correctly sets forth the terms of the Transaction by signing in the space
            provided below and returning to Party A a
            facsimile of the fully-executed Confirmation to 212-272-9857.
            For
            inquiries regarding U.S. Transactions, please contact Derivatives
            Documentation
            by
            telephone at
            212-272-711.
            For all
            other inquiries please contact Derivatives
            Documentation by
            telephone at 353-1-402-6233.
            Originals
            will be provided for your execution upon your request.

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          
            Reference
              Number: FXNCC9238

            Deutsche
              Bank National Trust Company, not in its individual capacity, but solely
              as
              Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
              Trust
              with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
              Assets
              Corp., Mortgage Pass-Through Certificates, Series 2007-1

            February
              22, 2007

            Page 5
              of 7

          

           

          We
            are
            very pleased to have executed this Transaction with you and we look forward
            to
            completing other transactions with you in the near future.

          

          Very
            truly yours,

          

          BEAR
            STEARNS FINANCIAL PRODUCTS INC.

           

          

          By: 
            _______________________________
Name:
Title:

          

          Counterparty,
            acting through its duly authorized signatory, hereby agrees to, accepts
            and
            confirms the terms of the foregoing as of the Trade Date.

          

          DEUTSCHE
            BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY
            AS
            SUPPLEMENTAL INTEREST TRUST TRUSTEE ON BEHALF OF THE SUPPLEMENTAL INTEREST
            TRUST
            WITH RESPECT TO THE IMPAC SECURED ASSETS TRUST 2007-1, IMPAC SECURED
            ASSETS
            CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-1

          

           

          By: 
            _______________________________
Name:
Title:

          

          

          am

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          
            Reference
              Number: FXNCC9238

            Deutsche
              Bank National Trust Company, not in its individual capacity, but solely
              as
              Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
              Trust
              with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
              Assets
              Corp., Mortgage Pass-Through Certificates, Series 2007-1

            February
              22, 2007

            Page 6
              of 7

          

           

          SCHEDULE
            I

          (All
            such
            dates adjustment in accordance with the Business Day Convention)

          

          
            	
                    From
                      and including

                  	
                    To
                      but excluding

                  	
                    Notional
                      Amount

                    (USD)

                  
	
                    Effective
                      Date

                  	
                    3/25/2007

                  	
                    19,936,000

                  
	
                    3/25/2007

                  	
                    4/25/2007

                  	
                    19,829,120

                  
	
                    4/25/2007

                  	
                    5/25/2007

                  	
                    19,678,900

                  
	
                    5/25/2007

                  	
                    6/25/2007

                  	
                    19,485,160

                  
	
                    6/25/2007

                  	
                    7/25/2007

                  	
                    19,247,960

                  
	
                    7/25/2007

                  	
                    8/25/2007

                  	
                    18,967,660

                  
	
                    8/25/2007

                  	
                    9/25/2007

                  	
                    18,644,860

                  
	
                    9/25/2007

                  	
                    10/25/2007

                  	
                    18,280,520

                  
	
                    10/25/2007

                  	
                    11/25/2007

                  	
                    17,875,820

                  
	
                    11/25/2007

                  	
                    12/25/2007

                  	
                    17,432,260

                  
	
                    12/25/2007

                  	
                    1/25/2008

                  	
                    16,951,640

                  
	
                    1/25/2008

                  	
                    2/25/2008

                  	
                    16,436,020

                  
	
                    2/25/2008

                  	
                    3/25/2008

                  	
                    15,935,980

                  
	
                    3/25/2008

                  	
                    4/25/2008

                  	
                    15,451,060

                  
	
                    4/25/2008

                  	
                    5/25/2008

                  	
                    14,980,780

                  
	
                    5/25/2008

                  	
                    6/25/2008

                  	
                    14,524,720

                  
	
                    6/25/2008

                  	
                    7/25/2008

                  	
                    14,082,440

                  
	
                    7/25/2008

                  	
                    8/25/2008

                  	
                    13,653,540

                  
	
                    8/25/2008

                  	
                    9/25/2008

                  	
                    13,237,620

                  
	
                    9/25/2008

                  	
                    10/25/2008

                  	
                    12,834,260

                  
	
                    10/25/2008

                  	
                    11/25/2008

                  	
                    12,443,100

                  
	
                    11/25/2008

                  	
                    12/25/2008

                  	
                    12,063,800

                  
	
                    12/25/2008

                  	
                    1/25/2009

                  	
                    11,695,960

                  
	
                    1/25/2009

                  	
                    2/25/2009

                  	
                    11,339,260

                  
	
                    2/25/2009

                  	
                    3/25/2009

                  	
                    10,993,340

                  
	
                    3/25/2009

                  	
                    4/25/2009

                  	
                    10,657,920

                  
	
                    4/25/2009

                  	
                    5/25/2009

                  	
                    10,332,640

                  
	
                    5/25/2009

                  	
                    6/25/2009

                  	
                    10,017,220

                  
	
                    6/25/2009

                  	
                    7/25/2009

                  	
                    9,711,360

                  
	
                    7/25/2009

                  	
                    8/25/2009

                  	
                    9,414,760

                  
	
                    8/25/2009

                  	
                    9/25/2009

                  	
                    9,127,160

                  
	
                    9/25/2009

                  	
                    10/25/2009

                  	
                    8,848,260

                  
	
                    10/25/2009

                  	
                    11/25/2009

                  	
                    8,577,820

                  

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

            
              Reference
                Number: FXNCC9238

              Deutsche
                Bank National Trust Company, not in its individual capacity, but
                solely as
                Supplemental Interest Trust Trustee on behalf of the Supplemental
                Interest Trust
                with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
                Assets
                Corp., Mortgage Pass-Through Certificates, Series 2007-1

              February
                22, 2007

              Page 7
                of 7

            

             

          

          
            	
                    11/25/2009

                  	
                    12/25/2009

                  	
                    8,315,600

                  
	
                    12/25/2009

                  	
                    1/25/2010

                  	
                    8,061,320

                  
	
                    1/25/2010

                  	
                    2/25/2010

                  	
                    7,814,740

                  
	
                    2/25/2010

                  	
                    3/25/2010

                  	
                    7,575,660

                  
	
                    3/25/2010

                  	
                    4/25/2010

                  	
                    7,343,840

                  
	
                    4/25/2010

                  	
                    5/25/2010

                  	
                    7,119,040

                  
	
                    5/25/2010

                  	
                    6/25/2010

                  	
                    6,901,080

                  
	
                    6/25/2010

                  	
                    7/25/2010

                  	
                    6,689,720

                  
	
                    7/25/2010

                  	
                    8/25/2010

                  	
                    6,484,800

                  
	
                    8/25/2010

                  	
                    9/25/2010

                  	
                    6,286,100

                  
	
                    9/25/2010

                  	
                    10/25/2010

                  	
                    6,093,420

                  
	
                    10/25/2010

                  	
                    11/25/2010

                  	
                    5,906,620

                  
	
                    11/25/2010

                  	
                    12/25/2010

                  	
                    5,725,480

                  
	
                    12/25/2010

                  	
                    1/25/2011

                  	
                    5,549,860

                  
	
                    1/25/2011

                  	
                    2/25/2011

                  	
                    5,379,560

                  
	
                    2/25/2011

                  	
                    3/25/2011

                  	
                    5,214,460

                  
	
                    3/25/2011

                  	
                    4/25/2011

                  	
                    5,054,380

                  
	
                    4/25/2011

                  	
                    5/25/2011

                  	
                    4,899,160

                  
	
                    5/25/2011

                  	
                    6/25/2011

                  	
                    4,748,680

                  
	
                    6/25/2011

                  	
                    7/25/2011

                  	
                    4,602,780

                  
	
                    7/25/2011

                  	
                    8/25/2011

                  	
                    4,461,320

                  
	
                    8/25/2011

                  	
                    9/25/2011

                  	
                    4,324,160

                  
	
                    9/25/2011

                  	
                    10/25/2011

                  	
                    4,191,180

                  
	
                    10/25/2011

                  	
                    11/25/2011

                  	
                    4,062,260

                  
	
                    11/25/2011

                  	
                    12/25/2011

                  	
                    3,937,260

                  
	
                    12/25/2011

                  	
                    Termination
                      Date

                  	
                    3,816,080

                  

          

          

          
 

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        

        BEAR
          STEARNS FINANCIAL PRODUCTS INC.

        383
          MADISON AVENUE

        NEW
          YORK,
          NEW YORK 10179

        212-272-4009

        

        

        

        
          	
                  DATE:

                	
                  February
                    22, 2007

                

        

        
          	
                   

                	 

        

        
          	
                  TO:

                	
                  Deutsche
                    Bank National Trust Company, not in its individual capacity,
                    but solely as
                    Supplemental Interest Trust Trustee on behalf of the Supplemental
                    Interest
                    Trust with respect to the Impac Secured Assets Trust 2007-1,
                    Impac Secured
                    Assets Corp., Mortgage Pass-Through Certificates, Series
                    2007-1

                

        

        

        
          	
                  ATTENTION:

                	
                  Impac
                    Secured Assets Corp. Series 2007-1

                

        

        c/o
          Deutsche Bank National Trust Company as Trustee  

        
          	
                  TELEPHONE:

                	
                  714-247-6000

                

        

        
          	
                  FACSIMILE:

                	
                  714-247-6285

                

        

        

        
          	
                  FROM:

                	
                  Derivatives
                    Documentation

                

        

        
          	
                  TELEPHONE:

                	
                  212-272-2711
                    

                

        

        
          	
                  FACSIMILE: 

                	
                  212-272-9857
                    

                

        

        

        
          	
                  SUBJECT:

                	
                  Fixed
                    Income Derivatives Confirmation

                

        

        

        
          	
                  REFERENCE
                    NUMBER(S):

                	
                  FXNCC9239

                

        

        

        The
          purpose of this letter agreement is to confirm the terms and conditions
          of the
          Transaction entered into on the Trade Date specified below (the "Transaction")
          between Bear Stearns Financial Products Inc. (“Bear Stearns”) and Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1
          (“Party
          B”). This letter agreement constitutes the sole and complete “Confirmation,” as
          referred to in the Master Agreement specified below, with respect to this
          Transaction.

        

        
          	1.
                    	
                  This
                    Confirmation is subject to and incorporates the 2000
                    ISDA Definitions
                    (the “Definitions”), as published by the International Swaps and
                    Derivatives Association, Inc. (“ISDA”). This Confirmation supplements,
                    forms a part of and is subject to the ISDA Master Agreement dated
                    as of
                    February 22, 2007 between Bear Stearns and Party B (the agreement,
                    as
                    amended and supplemented from time to time, being referred to
                    herein as
                    the “Master Agreement”). All provisions contained in, or incorporated by
                    reference to, the Master Agreement shall govern the Transaction
                    referenced
                    in this Confirmation except as expressly modified herein. In
                    the event of
                    any inconsistency between this Confirmation and the Definitions
                    or Master
                    Agreement, this Confirmation shall
                    prevail.

                

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        Reference
          Number: FXNCC9239 

        Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1

        February
          22, 2007

        Page
          2 of
          7

        

        
          	
                  2.

                	
                  The
                    terms of the particular Transaction to which this Confirmation
                    relates are
                    as follows:

                
	 	 	 
	 	
                  Type
                    of Transaction:

                	
                  Rate
                    Cap

                
	 	 	 
	 	
                  Notional
                    Amount:

                	
                  With
                    respect to any Calculation Period, the amount set forth for such
                    period on
                    Schedule I attached hereto.

                
	 	 	 
	 	
                  Trade
                    Date:

                	
                  February
                    16, 2007

                
	 	 	 
	 	
                  Effective
                    Date:

                	
                  February
                    26, 2007

                
	 	 	 
	 	
                  Termination
                    Date:

                	
                  November
                    25, 2009, subject to adjustment in accordance with the Business
                    Day Convention.

                
	 	 	 
	 	
                  Fixed
                    Amount (Premium):

                	
                  Inapplicable.
                    The Fixed Amounts for this Transaction and for the Transactions
                    with the
                    Party A Reference Numbers FXNCC9218, FXNCC9219,
                    FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225,
                    FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229 and FXNCC9238 is embedded
                    in the determination of the Additional Amount specified in the
                    Confirmation identified by Party A Reference Number FXNSC9240.

                
	 	 	 
	 	
                  Floating
                    Amounts:

                	 
	 	 	 
	 	
                  Floating
                    Rate Payer:

                	
                  Party
                    A

                
	 	 	 
	 	
                  Cap
                    Rate:

                	
                  5.15900%

                
	 	 	 
	 	
                  Floating
                    Rate Payer 

                	 
	 	
                  Payment
                    Dates:

                	
                  The
                    25th
                    calendar day of each month during the Term
                    of this Transaction, commencing March 25, 2007 and ending on
                    the
                    Termination Date, subject to adjustment in accordance with the
                    Business
                    Day Convention.

                
	 	 	 
	 	
                  Floating
                    Rate Option:

                	
                  USD-LIBOR-BBA

                
	 	 	 

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

          
            Reference
              Number: FXNCC9239 

            Deutsche
              Bank National Trust Company, not in its individual capacity, but solely
              as
              Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
              Trust
              with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
              Assets
              Corp., Mortgage Pass-Through Certificates, Series 2007-1

            February
              22, 2007

            Page 3
              of 7

          

           

        

        
          	 	
                  Designated
                    Maturity:

                	
                  One
                    month

                
	 	 	 
	 	
                  Floating
                    Rate Day 

                	 
	 	
                  Count
                    Fraction:

                	
                  Actual/360

                
	 	 	 
	 	
                  Reset
                    Dates:

                	
                  The
                    first day of each Calculation Period

                
	 	 	 
	 	
                  Compounding:

                	
                  Inapplicable

                
	 	 	 
	 	
                  Business
                    Days:

                	
                  New
                    York

                
	 	 	 
	 	
                  Business
                    Day Convention:

                	
                  Following

                
	 	 	 
	 	
                  Calculation
                    Agent:

                	
                  Party
                    A

                

        

        

        NEITHER
          THE BEAR STEARNS COMPANIES INC. NOR ANY SUBSIDIARY OR AFFILIATE OF THE
          BEAR
          STEARNS COMPANIES INC. OTHER THAN PARTY A IS AN OBLIGOR OR A CREDIT SUPPORT
          PROVIDER ON THIS TRANSACTION.

        

        
          	
                  3.

                	
                  Account
                    Details and

                	 
	 	
                  Settlement
                    Information:

                	
                  Payments
                    to Party A:

                
	 	 	
                  Citibank,
                    N.A., New York

                
	 	 	
                  ABA
                    Number: 021-0000-89, for the account of

                
	 	 	
                  Bear,
                    Stearns Securities Corp.

                
	 	 	
                  Account
                    Number: 0925-3186, for further credit to

                
	 	 	
                  Bear
                    Stearns Financial Products Inc.

                
	 	 	
                  Sub-account
                    Number: 102-04654-1-3

                
	 	 	
                  Attention:
                    Derivatives Department

                
	 	 	 
	 	 	
                  Payments
                    to Party B:

                
	 	 	
                  Deutsche
                    Bank Trust Company - Americas

                
	 	 	
                  ABA 
                    Number: 021001033      

                
	 	 	
                  Account
                    Number: 014-19-663

                
	 	 	
                  Account
                    Name: NYLTD Funds Control - Stars West

                
	 	 	
                  Ref: 
                    ISAC 2007-1 Derivative Acct - SWAP/Cap
                    pmt

                

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        
          Reference
            Number: FXNCC9239 

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 4
            of 7

        

        

        Additional
          Provisions:

        Non-Reliance. Each
          party represents to the other party that (a) it has not received and is
          not
          relying upon any legal, tax, regulatory, accounting or other advice (whether
          written or oral) of the other party regarding this Transaction, other than
          representations expressly made by that other party in this Confirmation
          and in
          the Master Agreement and (b) in respect of this Transaction, (i) it has
          the
          capacity to evaluate (internally or through independent professional advice)
          this Transaction and has made its own decision to enter into this Transaction
          and (ii) it understands the terms, conditions and risks of this Transaction
          and
          is willing to assume (financially and otherwise) those risks. Party B
          acknowledges that Party A has advised Party B to consult its own tax, accounting
          and legal advisors in connection with this Transaction evidenced by this
          Confirmation and that the Party B has done so.

        

        This
          Confirmation may be executed in several counterparts, each of which shall
          be
          deemed an original but all of which together shall constitute one and the
          same
          instrument.

        

        Party
          B
          hereby agrees to check this Confirmation and to confirm that the foregoing
          correctly sets forth the terms of the Transaction by signing in the space
          provided below and returning to Party A a
          facsimile of the fully-executed Confirmation to 212-272-9857.
          For
          inquiries regarding U.S. Transactions, please contact Derivatives
          Documentation
          by
          telephone at
          212-272-711.
          For all
          other inquiries please contact Derivatives
          Documentation by
          telephone at 353-1-402-6233.
          Originals
          will be provided for your execution upon your request.

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        
          Reference
            Number: FXNCC9239 

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 5
            of 7

        

         

        We
          are
          very pleased to have executed this Transaction with you and we look forward
          to
          completing other transactions with you in the near future.

        

        Very
          truly yours,

        

        BEAR
          STEARNS FINANCIAL PRODUCTS INC.

        

         

        By: 
          _______________________________
Name:
Title:

        

        Party
          B, acting through its duly authorized signatory, hereby agrees to, accepts
          and
          confirms the terms of the foregoing as of the Trade Date.

        

        DEUTSCHE
          BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY
          AS
          SUPPLEMENTAL INTEREST TRUST TRUSTEE ON BEHALF OF THE SUPPLEMENTAL INTEREST
          TRUST
          WITH RESPECT TO THE IMPAC SECURED ASSETS TRUST 2007-1, IMPAC SECURED ASSETS
          CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-1

         

        

        By: 
          _______________________________
Name:
Title:

        

        

        am

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        
          Reference
            Number: FXNCC9239 

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 6
            of 7

        

         

        SCHEDULE
          I

        (All
          such
          dates adjustment in accordance with the Business Day Convention)

        

        
          	
                  From
                    and including

                	
                  To
                    but excluding

                	
                  Notional
                    Amount

                  (USD)

                
	
                  Effective
                    Date

                	
                  3/25/2007

                	
                  24,598,625

                
	
                  3/25/2007

                	
                  4/25/2007

                	
                  24,356,450

                
	
                  4/25/2007

                	
                  5/25/2007

                	
                  24,059,950

                
	
                  5/25/2007

                	
                  6/25/2007

                	
                  23,709,575

                
	
                  6/25/2007

                	
                  7/25/2007

                	
                  23,306,075

                
	
                  7/25/2007

                	
                  8/25/2007

                	
                  22,850,650

                
	
                  8/25/2007

                	
                  9/25/2007

                	
                  22,344,775

                
	
                  9/25/2007

                	
                  10/25/2007

                	
                  21,790,325

                
	
                  10/25/2007

                	
                  11/25/2007

                	
                  21,189,550

                
	
                  11/25/2007

                	
                  12/25/2007

                	
                  20,545,025

                
	
                  12/25/2007

                	
                  1/25/2008

                	
                  19,919,975

                
	
                  1/25/2008

                	
                  2/25/2008

                	
                  19,313,825

                
	
                  2/25/2008

                	
                  3/25/2008

                	
                  18,725,975

                
	
                  3/25/2008

                	
                  4/25/2008

                	
                  18,155,900

                
	
                  4/25/2008

                	
                  5/25/2008

                	
                  17,603,050

                
	
                  5/25/2008

                	
                  6/25/2008

                	
                  17,066,925

                
	
                  6/25/2008

                	
                  7/25/2008

                	
                  16,547,025

                
	
                  7/25/2008

                	
                  8/25/2008

                	
                  16,042,825

                
	
                  8/25/2008

                	
                  9/25/2008

                	
                  15,553,875

                
	
                  9/25/2008

                	
                  10/25/2008

                	
                  15,079,750

                
	
                  10/25/2008

                	
                  11/25/2008

                	
                  14,619,950

                
	
                  11/25/2008

                	
                  12/25/2008

                	
                  14,174,075

                
	
                  12/25/2008

                	
                  1/25/2009

                	
                  13,741,675

                
	
                  1/25/2009

                	
                  2/25/2009

                	
                  13,322,400

                
	
                  2/25/2009

                	
                  3/25/2009

                	
                  12,915,800

                
	
                  3/25/2009

                	
                  4/25/2009

                	
                  12,521,525

                
	
                  4/25/2009

                	
                  5/25/2009

                	
                  12,139,200

                
	
                  5/25/2009

                	
                  6/25/2009

                	
                  11,768,450

                
	
                  6/25/2009

                	
                  7/25/2009

                	
                  11,408,950

                
	
                  7/25/2009

                	
                  8/25/2009

                	
                  11,060,325

                
	
                  8/25/2009

                	
                  9/25/2009

                	
                  10,722,275

                
	
                  9/25/2009

                	
                  10/25/2009

                	
                  10,394,500

                
	
                  10/25/2009

                	
                  Termination
                    Date

                	
                  10,076,650

                

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        Reference
          Number: FXNCC9239 

        Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1

        February
          22, 2007

        Page 7
          of 7

        
           

           

           

           

           

          
 

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          

        

        BEAR
          STEARNS FINANCIAL PRODUCTS INC.

        383
          MADISON AVENUE

        NEW
          YORK,
          NEW YORK 10179

        212-272-4009

        

        

        

        
          	
                  DATE:

                	
                  February
                    22, 2007

                

        

        
          	
                   

                	 

        

        
          	
                  TO:

                	
                  Deutsche
                    Bank National Trust Company, not in its individual capacity,
                    but solely as
                    Supplemental Interest Trust Trustee on behalf of the Supplemental
                    Interest
                    Trust with respect to the Impac Secured Assets Trust 2007-1,
                    Impac Secured
                    Assets Corp., Mortgage Pass-Through Certificates, Series
                    2007-1

                

        

        

        
          	
                  ATTENTION:

                	
                  Impac
                    Secured Assets Corp. Series 2007-1

                

        

        c/o
          Deutsche Bank National Trust Company as Trustee  

        
          	
                  TELEPHONE:

                	
                  714-247-6000

                

        

        
          	
                  FACSIMILE:

                	
                  714-247-6285

                

        

        

        
          	
                  FROM:

                	
                  Derivatives
                    Documentation

                

        

        
          	
                  TELEPHONE:

                	
                  212-272-2711
                    

                

        

        
          	
                  FACSIMILE: 

                	
                  212-272-9857
                    

                

        

        

        
          	
                  SUBJECT:

                	
                  Fixed
                    Income Derivatives Confirmation

                

        

        

        
          	
                  REFERENCE
                    NUMBER(S):

                	
                  FXNSC9240

                

        

        

        The
          purpose of this letter agreement is to confirm the terms and conditions
          of the
          Transaction entered into on the Trade Date specified below (the "Transaction")
          between Bear Stearns Financial Products Inc. (“Party A”) and
          Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1.
          (“Party
          B”). This letter agreement constitutes the sole and complete “Confirmation,” as
          referred to in the Master Agreement specified below, with respect to this
          Transaction.

        

        
          	1.
                    	
                  This
                    Confirmation is subject to and incorporates the 2000
                    ISDA Definitions
                    (the “Definitions”), as published by the International Swaps and
                    Derivatives Association, Inc. (“ISDA”). This Confirmation supplements,
                    forms a part of and is subject to the ISDA Master Agreement dated
                    as of
                    February 22, 2007 between Party A and Party B (the agreement,
                    as amended
                    and supplemented from time to time, being referred to herein
                    as the
                    “Master Agreement”). All provisions contained in, or incorporated by
                    reference to, the Master Agreement shall govern the Transaction
                    referenced
                    in this Confirmation except as expressly modified herein. In
                    the event of
                    any inconsistency between this Confirmation and the Definitions
                    or Master
                    Agreement, this Confirmation shall
                    prevail.

                

        

        

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        Reference
          Number: FXNSC9240 

        Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1

        February
          22, 2007

        Page
          2 of
          7

        

        
          	
                  2.

                	
                  The
                    terms of the particular Transaction to which this Confirmation
                    relates are
                    as follows:

                	 
	 	 	 
	 	
                  Type
                    of Transaction:

                	
                  Interest
                    Rate Swap

                
	 	 	 
	 	
                  Notional
                    Amount:

                	
                  With
                    respect to any Calculation Period, the amount set forth for such
                    period on
                    Schedule I attached hereto.

                
	 	 	 
	 	
                  Trade
                    Date:

                	
                  February
                    16, 2007

                
	 	 	 
	 	
                  Effective
                    Date:

                	
                  February
                    26, 2007

                
	 	 	 
	 	
                  Termination
                    Date:

                	
                  December
                    25, 2011, subject to adjustment in accordance with the Business
                    Day Convention.

                
	 	 	 
	 	
                  Fixed
                    Amount:

                	 
	 	 	 
	 	
                  Fixed
                    Rate Payer:

                	
                  Party
                    B

                
	 	 	 
	 	
                  Fixed
                    Rate Payer

                	 
	 	
                  Payment
                    Date:

                	
                  The
                    25th
                    calendar day of each month during the Term of this Transaction,
                    commencing
                    March 25, 2007 and ending on the Termination Date, subject
                    to adjustment in accordance with the Business
                    Day Convention.

                
	 	 	 
	 	
                  Fixed
                    Rate:

                	
                  With
                    respect to any Calculation Period, the Fixed Rate set forth for
                    such
                    period on Schedule I attached hereto

                
	 	 	 
	 	
                  Fixed
                    Rate Day 

                	 
	 	
                  Count
                    Fraction:

                	
                  30/360

                
	
                   

                	 	 
	 	
                  Floating
                    Amounts:

                	 
	 	 	 
	 	
                  Floating
                    Rate Payer:

                	
                  Party
                    A

                
	 	 	 
	 	
                  Floating
                    Rate Payer 

                	 
	 	
                  Payment
                    Dates:

                	
                  The
                    25th
                    calendar day of each month during the Term
                    of this Transaction, commencing March 25, 2007 and ending on
                    the
                    Termination Date, subject to adjustment in accordance with the
                    Business
                    Day Convention.

                
	 	 	 
	 	
                  Floating
                    Rate Option:

                	
                  USD-LIBOR-BBA

                
	 	 	 

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

          Reference
            Number: FXNSC9240 

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 3
            of 7

           

        

        
          	 	
                  Designated
                    Maturity:

                	
                  One
                    month

                
	 	 	 
	 	
                  Floating
                    Rate Day 

                	 
	 	
                  Count
                    Fraction:

                	
                  Actual/360

                
	 	 	 
	 	
                  Reset
                    Dates:

                	
                  The
                    first day of each Calculation Period

                
	 	 	 
	 	
                  Compounding:

                	
                  Inapplicable

                
	 	 	 
	 	
                  Business
                    Days:

                	
                  New
                    York

                
	 	 	 
	 	
                  Business
                    Day Convention:

                	
                  Following

                
	 	 	 
	 	
                  Additional
                    Amount: 

                	
                  In
                    connection with entering into this Transaction, USD 80,000 is payable
                    by Party B to
                    Party A on February 22, 2007. The Fixed Amounts for the Transactions
                    identified by the Party A Reference Number FXNCC9218,
                    FXNCC9219, FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224,
                    FXNCC9225, FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238
                    and
                    FXNCC9239
                    are embedded in the determination of the Additional
                    Amount.

                
	 	 	 
	 	
                  Calculation
                    Agent:

                	
                  Party
                    A

                

        

        

        NEITHER
          THE BEAR STEARNS COMPANIES INC. NOR ANY SUBSIDIARY OR AFFILIATE OF THE
          BEAR
          STEARNS COMPANIES INC. OTHER THAN PARTY A IS AN OBLIGOR OR A CREDIT SUPPORT
          PROVIDER ON THIS TRANSACTION.

        

        
          	
                  3.

                	
                  Account
                    Details and

                	 
	 	
                  Settlement
                    Information:

                	
                  Payments
                    to Party A:

                
	 	 	
                  Citibank,
                    N.A., New York

                
	 	 	
                  ABA
                    Number: 021-0000-89, for the account of

                
	 	 	
                  Bear,
                    Stearns Securities Corp.

                
	 	 	
                  Account
                    Number: 0925-3186, for further credit to

                
	 	 	
                  Bear
                    Stearns Financial Products Inc.

                
	 	 	
                  Sub-account
                    Number: 102-04654-1-3

                
	 	 	
                  Attention:
                    Derivatives Department

                
	 	 	 
	 	 	
                  Payments
                    to Party B:

                
	 	 	
                  Deutsche
                    Bank Trust Company - Americas

                
	 	 	
                  ABA 
                    Number: 021001033      

                
	 	 	
                  Account
                    Number: 014-19-663

                
	 	 	
                  Account
                    Name: NYLTD Funds Control - Stars West

                
	 	 	
                  Ref: 
                    ISAC 2007-1 Derivative Acct - SWAP/Cap
                    pmt

                

        

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        Reference
          Number: FXNSC9240 

        Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1

        February
          22, 2007

        Page 4
          of 7

        

        Additional
          Provisions:

        Non-Reliance. Each
          party represents to the other party that (a) it has not received and is
          not
          relying upon any legal, tax, regulatory, accounting or other advice (whether
          written or oral) of the other party regarding this Transaction, other than
          representations expressly made by that other party in this Confirmation
          and in
          the Master Agreement and (b) in respect of this Transaction, (i) it has
          the
          capacity to evaluate (internally or through independent professional advice)
          this Transaction and has made its own decision to enter into this Transaction
          and (ii) it understands the terms, conditions and risks of this Transaction
          and
          is willing to assume (financially and otherwise) those risks. Party B
          acknowledges that Party A has advised Party B to consult its own tax, accounting
          and legal advisors in connection with this Transaction evidenced by this
          Confirmation and that the Party B has done so.

        

        This
          Confirmation may be executed in several counterparts, each of which shall
          be
          deemed an original but all of which together shall constitute one and the
          same
          instrument.

        

        Party
          B
          hereby agrees to check this Confirmation and to confirm that the foregoing
          correctly sets forth the terms of the Transaction by signing in the space
          provided below and returning to Party A a
          facsimile of the fully-executed Confirmation to 212-272-9857.
          For
          inquiries regarding U.S. Transactions, please contact Derivatives
          Documentation
          by
          telephone at
          212-272-711.
          For all
          other inquiries please contact Derivatives
          Documentation by
          telephone at 353-1-402-6233.
          Originals
          will be provided for your execution upon your request.

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        Reference
          Number: FXNSC9240 

        Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1

        February
          22, 2007

        Page 5
          of 7

         

        We
          are
          very pleased to have executed this Transaction with you and we look forward
          to
          completing other transactions with you in the near future.

        

        Very
          truly yours,

        

        BEAR
          STEARNS FINANCIAL PRODUCTS INC.

        
 

        By: 
          _______________________________
Name:
Title:

        

        Party
          B, acting through its duly authorized signatory, hereby agrees to, accepts
          and
          confirms the terms of the foregoing as of the Trade Date.

        

        DEUTSCHE
          BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY
          AS
          SUPPLEMENTAL INTEREST TRUST TRUSTEE ON BEHALF OF THE SUPPLEMENTAL INTEREST
          TRUST
          WITH RESPECT TO THE IMPAC SECURED ASSETS TRUST 2007-1, IMPAC SECURED ASSETS
          CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-1

        

        

        By: 
          _______________________________
Name:
Title:

        

        

        am

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        Reference
          Number: FXNSC9240 

        Deutsche
          Bank National Trust Company, not in its individual capacity, but solely
          as
          Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
          Trust
          with respect to the Impac Secured Assets Trust 2007-1, Impac Secured Assets
          Corp., Mortgage Pass-Through Certificates, Series 2007-1

        February
          22, 2007

        Page 6
          of 7

         

        SCHEDULE
          I

        (All
          such
          dates adjustment in accordance with the Business Day Convention)

        

        
          	
                  From
                    and including

                	
                  To
                    but excluding

                	
                  Notional
                    Amount

                  (USD)

                	
                  Fixed
                    Rate 

                  (%)

                
	
                  Effective
                    Date

                	
                  3/25/2007

                	
                  690,640,149

                	
                  5.03290

                
	
                  3/25/2007

                	
                  4/25/2007

                	
                  686,323,999

                	
                  5.03319

                
	
                  4/25/2007

                	
                  5/25/2007

                	
                  680,503,497

                	
                  5.03348

                
	
                  5/25/2007

                	
                  6/25/2007

                	
                  673,175,440

                	
                  5.03379

                
	
                  6/25/2007

                	
                  7/25/2007

                	
                  664,346,530

                	
                  5.03410

                
	
                  7/25/2007

                	
                  8/25/2007

                	
                  654,032,299

                	
                  5.03442

                
	
                  8/25/2007

                	
                  9/25/2007

                	
                  642,259,464

                	
                  5.03476

                
	
                  9/25/2007

                	
                  10/25/2007

                	
                  629,063,121

                	
                  5.03510

                
	
                  10/25/2007

                	
                  11/25/2007

                	
                  614,489,765

                	
                  5.03546

                
	
                  11/25/2007

                	
                  12/25/2007

                	
                  598,595,285

                	
                  5.03583

                
	
                  12/25/2007

                	
                  1/25/2008

                	
                  581,614,247

                	
                  5.03622

                
	
                  1/25/2008

                	
                  2/25/2008

                	
                  564,516,026

                	
                  5.03642

                
	
                  2/25/2008

                	
                  3/25/2008

                	
                  547,340,337

                	
                  5.03642

                
	
                  3/25/2008

                	
                  4/25/2008

                	
                  530,683,441

                	
                  5.03642

                
	
                  4/25/2008

                	
                  5/25/2008

                	
                  514,530,146

                	
                  5.03642

                
	
                  5/25/2008

                	
                  6/25/2008

                	
                  498,864,862

                	
                  5.03642

                
	
                  6/25/2008

                	
                  7/25/2008

                	
                  483,673,406

                	
                  5.03642

                
	
                  7/25/2008

                	
                  8/25/2008

                	
                  468,941,334

                	
                  5.03642

                
	
                  8/25/2008

                	
                  9/25/2008

                	
                  454,654,516

                	
                  5.03642

                
	
                  9/25/2008

                	
                  10/25/2008

                	
                  440,799,989

                	
                  5.03642

                
	
                  10/25/2008

                	
                  11/25/2008

                	
                  427,364,774

                	
                  5.03642

                
	
                  11/25/2008

                	
                  12/25/2008

                	
                  414,335,766

                	
                  5.03643

                
	
                  12/25/2008

                	
                  1/25/2009

                	
                  396,031,757

                	
                  5.03711

                
	
                  1/25/2009

                	
                  2/25/2009

                	
                  383,952,321

                	
                  5.03711

                
	
                  2/25/2009

                	
                  3/25/2009

                	
                  360,899,810

                	
                  5.03010

                
	
                  3/25/2009

                	
                  4/25/2009

                	
                  349,886,650

                	
                  5.03010

                
	
                  4/25/2009

                	
                  5/25/2009

                	
                  339,207,465

                	
                  5.03011

                
	
                  5/25/2009

                	
                  6/25/2009

                	
                  328,851,630

                	
                  5.03011

                
	
                  6/25/2009

                	
                  7/25/2009

                	
                  318,809,530

                	
                  5.03011

                
	
                  7/25/2009

                	
                  8/25/2009

                	
                  309,071,920

                	
                  5.03011

                
	
                  8/25/2009

                	
                  9/25/2009

                	
                  299,629,055

                	
                  5.03011

                
	
                  9/25/2009

                	
                  10/25/2009

                	
                  290,472,705

                	
                  5.03011

                
	
                  10/25/2009

                	
                  11/25/2009

                	
                  281,594,090

                	
                  5.03011

                
	
                  11/25/2009

                	
                  12/25/2009

                	
                  269,077,130

                	
                  5.02952

                
	
                  12/25/2009

                	
                  1/25/2010

                	
                  260,848,245

                	
                  5.02952

                

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

          Reference
            Number: FXNSC9240 

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1

          February
            22, 2007

          Page 7
            of 7

           

        

        
          	
                  1/25/2010

                	
                  2/25/2010

                	
                  248,961,835

                	
                  5.02818

                
	
                  2/25/2010

                	
                  3/25/2010

                	
                  155,382,200

                	
                  4.92206

                
	
                  3/25/2010

                	
                  4/25/2010

                	
                  150,625,720

                	
                  4.92206

                
	
                  4/25/2010

                	
                  5/25/2010

                	
                  146,013,870

                	
                  4.92206

                
	
                  5/25/2010

                	
                  6/25/2010

                	
                  141,541,790

                	
                  4.92206

                
	
                  6/25/2010

                	
                  7/25/2010

                	
                  137,205,900

                	
                  4.92206

                
	
                  7/25/2010

                	
                  8/25/2010

                	
                  133,001,585

                	
                  4.92206

                
	
                  8/25/2010

                	
                  9/25/2010

                	
                  128,924,775

                	
                  4.92206

                
	
                  9/25/2010

                	
                  10/25/2010

                	
                  124,972,255

                	
                  4.92206

                
	
                  10/25/2010

                	
                  11/25/2010

                	
                  121,139,590

                	
                  4.92206

                
	
                  11/25/2010

                	
                  12/25/2010

                	
                  117,423,625

                	
                  4.92206

                
	
                  12/25/2010

                	
                  1/25/2011

                	
                  113,820,350

                	
                  4.92206

                
	
                  1/25/2011

                	
                  2/25/2011

                	
                  110,327,035

                	
                  4.92206

                
	
                  2/25/2011

                	
                  3/25/2011

                	
                  106,939,915

                	
                  4.92206

                
	
                  3/25/2011

                	
                  4/25/2011

                	
                  103,655,710

                	
                  4.92206

                
	
                  4/25/2011

                	
                  5/25/2011

                	
                  100,471,750

                	
                  4.92206

                
	
                  5/25/2011

                	
                  6/25/2011

                	
                  97,384,695

                	
                  4.92206

                
	
                  6/25/2011

                	
                  7/25/2011

                	
                  94,391,570

                	
                  4.92206

                
	
                  7/25/2011

                	
                  8/25/2011

                	
                  91,489,460

                	
                  4.92206

                
	
                  8/25/2011

                	
                  9/25/2011

                	
                  88,675,815

                	
                  4.92206

                
	
                  9/25/2011

                	
                  10/25/2011

                	
                  85,948,025

                	
                  4.92206

                
	
                  10/25/2011

                	
                  11/25/2011

                	
                  83,303,235

                	
                  4.92206

                
	
                  11/25/2011

                	
                  Termination
                    Date

                	
                  69,643,460

                	
                  4.89955

                

        

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        

          ANNEX
            A

          

          

          ISDA®

          CREDIT
            SUPPORT ANNEX

          to
            the
            Schedule to the

          ISDA
            Master Agreement

          dated
            as
            of February 22, 2007 between

          Bear
            Stearns Financial Products Inc. (hereinafter referred to as “Party
            A”
            or
“Pledgor”)

          And

          Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
            Trust
            with respect to the Impac Secured Assets Trust 2007-1, Impac Secured
            Assets
            Corp., Mortgage Pass-Through Certificates, Series 2007-1. 

           

          For
            the
            avoidance of doubt, and notwithstanding anything to the contrary that
            may be
            contained in the Agreement, this Credit Support Annex shall relate solely
            to the
            Transactions documented in the Confirmations dated February 22, 2007,
            between
            Party A and Party B, Reference Numbers FXNCC9218, FXNCC9219, FXNCC9220,
            FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227,
            FXNCC9228, FXNCC9229, FXNCC9238, FXNCC9239 and FXNSC9240.

           

          

           

          Paragraph
            13. Elections and Variables.

           

          
            	
                    (a)

                  	
                    Security
                      Interest for “Obligations”.
                      The term “Obligations”
                      as
                      used in this Annex includes the following additional
                      obligations:

                  

          

           

          With
            respect to Party A: not applicable.

           

          With
            respect to Party B: not applicable.

           

          
            	
                    (b)

                  	
                    Credit
                      Support Obligations.

                  

          

           

          
            	 	
                    (i)

                  	
                    Delivery
                      Amount, Return Amount and Credit Support
                      Amount.

                  

          

           

          
            	 	
                    (A)

                  	
                    “Delivery
                      Amount”
                      has the meaning specified in Paragraph 3(a) as amended (I)
                      by deleting the
                      words “upon a demand made by the Secured Party on or promptly following
                      a
                      Valuation Date” and inserting in lieu thereof the words “not later than
                      the close of business on each Valuation Date” and (II) by deleting in its
                      entirety the sentence beginning “Unless otherwise specified in Paragraph
                      13” and ending “(ii) the Value as of that Valuation Date of all Posted
                      Credit Support held by the Secured Party.” and inserting in lieu thereof
                      the following:

                  

          

           

          The
            “Delivery
            Amount”
            applicable to the Pledgor for any Valuation Date will equal the greatest
            of

           

          

            Copyright
              © 1994 by International Swaps and Derivatives Association, Inc.

             

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

          
            	 	
                    (1)
                      

                  	
                    the
                      amount by which (a) the S&P Credit Support Amount for such Valuation
                      Date exceeds (b) the S&P Value as of such Valuation Date of all Posted
                      Credit Support held by the Secured Party,

                  

          

           

          
            	 	
                    (2)
                      

                  	
                    the
                      amount by which (a) the Moody’s First Trigger Credit Support Amount for
                      such Valuation Date exceeds (b) the Moody’s First Trigger Value as of such
                      Valuation Date of all Posted Credit Support held by the Secured
                      Party,
                      and

                  

          

           

          
            	 	
                    (3)
                      

                  	
                    the
                      amount by which (a) the Moody’s Second Trigger Credit Support Amount for
                      such Valuation Date exceeds (b) the Moody’s Second Trigger Value as of
                      such Valuation Date of all Posted Credit Support held by the
                      Secured
                      Party.

                  

          

           

          
            	 	
                    (B)

                  	
                    “Return
                      Amount”
                      has the meaning specified in Paragraph 3(b) as amended by deleting
                      in its
                      entirety the sentence beginning “Unless otherwise specified in Paragraph
                      13” and ending “(ii) the Credit Support Amount.” and inserting in lieu
                      thereof the following:

                  

          

           

          The
            “Return
            Amount”
            applicable to the Secured Party for any Valuation Date will equal the
            least of

           

          
            	 	
                    (1)
                      

                  	
                    the
                      amount by which (a) the S&P Value as of such Valuation Date of all
                      Posted Credit Support held by the Secured Party exceeds (b)
                      the S&P
                      Credit Support Amount for such Valuation Date,

                  

          

           

          
            	 	
                    (2)
                      

                  	
                    the
                      amount by which (a) the Moody’s First Trigger Value as of such Valuation
                      Date of all Posted Credit Support held by the Secured Party
                      exceeds (b)
                      the Moody’s First Trigger Credit Support Amount for such Valuation Date,
                      and

                  

          

           

          
            	 	
                    (3)
                      

                  	
                    the
                      amount by which (a) the Moody’s Second Trigger Value as of such Valuation
                      Date of all Posted Credit Support held by the Secured Party
                      exceeds (b)
                      the Moody’s Second Trigger Credit Support Amount for such Valuation
                      Date.

                  

          

           

          
            	 	
                    (C)

                  	
                    “Credit
                      Support Amount”
                      shall not apply. For purposes of calculating any Delivery Amount
                      or Return
                      Amount for any Valuation Date, reference shall be made to the
                      S&P
                      Credit Support Amount, the Moody’s First Trigger Credit Support Amount, or
                      the Moody’s Second Trigger Credit Support Amount, in each case for such
                      Valuation Date, as provided in Paragraphs 13(b)(i)(A) and 13(b)(i)(B),
                      above.

                  

          

           

          REFERENCE
            NUMBERS: FXNCC9218, FXNCC9219, FXNCC9220,
            FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227,
            FXNCC9228, FXNCC9229, FXNCC9238, FXNCC9239 and FXNSC9240 

          
            
              
              

            

            
              Page
                2 of
                15

              
                

              

            

            
              
              

            

          

           

          
            	 	
                    (ii)

                  	
                    Eligible
                      Collateral.
                      

                  

          

           

          The
            items
            set forth on the schedule of Eligible Collateral attached as Schedule
            A hereto
            will qualify as “Eligible
            Collateral”
(for
            the avoidance of doubt, all Eligible Collateral described in (D) and
            (E) of
            column one of the Collateral Schedule to be denominated in USD).

           

          
            	 	
                    (iii)

                  	
                    Other
                      Eligible Support. 

                  

          

           

          The
            following items will qualify as “Other
            Eligible Support”
            for the
            party specified: 

           

          Not
            applicable.

           

          
            	 	
                    (iv)

                  	
                    Threshold.

                  

          

           

          
            	 	
                    (A)

                  	
                    “Independent
                      Amount”
                      means zero with respect to Party A and Party
                      B.

                  

          

           

          
            	 	
                    (B)

                  	
                    “Threshold”
                      means, with respect to Party A and any Valuation Date, zero
                      if (i) a
                      Collateral Event has occurred and has been continuing (x) for
                      at least 30
                      days or (y) since this Annex was executed or (ii) a Required
                      Ratings
                      Downgrade Event has occurred and is continuing; otherwise,
                      infinity.

                  

          

           

            “Threshold”
            means,
            with respect to Party B and any Valuation Date, infinity.

           

          
            	 	
                    (C)

                  	
                    “Minimum
                      Transfer Amount” means
                      USD 100,000 with respect to Party A and Party B; provided,
                      however, that
                      if the aggregate Certificate Principal Balance of the Certificates
                      and the
                      aggregate principal balance of the Notes rated by S&P is at the time
                      of any transfer less than USD 50,000,000, the “Minimum
                      Transfer Amount”
                      shall be USD 50,000.

                  

          

           

          
            	 	
                    (D)

                  	
                    Rounding:
                      The Delivery Amount will be rounded up to the nearest integral
                      multiple of
                      USD 10,000. The Return Amount will be rounded down to the nearest
                      integral
                      multiple of USD 10,000.

                  

          

           

          
            	
                    (c)

                  	
                    Valuation
                      and Timing.

                  

          

           

          
            	 	
                    (i)

                  	
                    “Valuation
                      Agent”
                      means Party A.

                  

          

           

          
            	 	
                    (ii)

                  	
                    “Valuation
                      Date” means
                      each Local Business Day on which any of the S&P Credit Support Amount,
                      the Moody’s First Trigger Credit Support Amount or the Moody’s Second
                      Trigger Credit Support Amount is greater than
                      zero.

                  

          

           

          
            	 	
                    (iii)

                  	
                    “Valuation
                      Time” means
                      the close of business in the city of the Valuation Agent on
                      the Local
                      Business Day immediately preceding the Valuation Date or date
                      of
                      calculation, as applicable; provided
                      that the calculations of Value and Exposure will be made as
                      of
                      approximately the same time on the same date. The Valuation
                      Agent will
                      notify each party (or the other party, if the Valuation Agent
                      is a party)
                      of its calculations not later than the Notification Time on
                      the applicable
                      Valuation Date (or in the case of Paragraph 6(d), the Local
                      Business Day
                      following the day on which such relevant calculations are
                      performed).”

                  

          

          
             

            REFERENCE
              NUMBERS: FXNCC9218, FXNCC9219, FXNCC9220,
              FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227,
              FXNCC9228, FXNCC9229, FXNCC9238, FXNCC9239 and FXNSC9240 

            
              
                
                

              

              
                Page
                  3 of
                  15

                
                  

                

              

              
                
                

              

            

             

          

          
            	 	
                    (iv)

                  	
                    “Notification
                      Time” means
                      11:00 a.m., New York time, on a Local Business Day.
                      

                  

          

           

          
            	 	
                    (v)

                  	
                    External
                      Calculations.
                      At
                      any time at which Party A (or, to the extent applicable, its
                      Credit
                      Support Provider) does not have a long-term unsubordinated
                      and unsecured
                      debt rating of at least “BBB+” from S&P, the Valuation Agent shall (at
                      its own expense) obtain external calculations of Party B’s Exposure from
                      at least two Reference Market-makers on the last Local Business
                      Day of
                      each calendar month. Any determination of the S&P Credit Support
                      Amount shall be based on the greatest of Party B’s Exposure determined by
                      the Valuation Agent and such Reference Market-makers. Such
                      external
                      calculation may not be obtained from the same Reference Market-maker
                      more
                      than four times in any 12-month
                      period.

                  

          

           

          
            	 	
                    (vi)

                  	
                    Notice
                      to S&P.
                      At
                      any time at which Party A (or, to the extent applicable, its
                      Credit
                      Support Provider) does not have a long-term unsubordinated
                      and unsecured
                      debt rating of at least “BBB+” from S&P, the Valuation Agent shall
                      provide to S&P not later than the Notification Time on the Local
                      Business Day following each Valuation Date its calculations
                      of Party B’s
                      Exposure and the S&P Value of any Eligible Credit Support or Posted
                      Credit Support for that Valuation Date. The Valuation Agent
                      shall also
                      provide to S&P any external marks of Party B’s
                      Exposure.

                  

          

           

          
            	
                    (d)

                  	
                    Conditions
                      Precedent and Secured Party’s Rights and
                      Remedies.
                      The following Termination Events will be a “Specified
                      Condition”
                      for the party specified (that party being the Affected Party
                      if the
                      Termination Event occurs with respect to that party): With
                      respect to
                      Party A and Party B: None. 

                  

          

           

          
            	
                    (e)

                  	
                    Substitution.

                  

          

           

          
            	 	
                    (i)

                  	
                    “Substitution
                      Date”
                      has the meaning specified in Paragraph
                      4(d)(ii).

                  

          

           

          
            	 	
                    (ii)

                  	
                    Consent.
                      If
                      specified here as applicable, then the Pledgor must obtain
                      the Secured
                      Party’s consent for any substitution pursuant to Paragraph 4(d):
                      Inapplicable.

                  

          

           

          
            	
                    (f)

                  	
                    Dispute
                      Resolution.

                  

          

           

          
            	 	
                    (i)

                  	
                    “Resolution
                      Time”
                      means 1:00 p.m. New York time on the Local Business Day following
                      the date
                      on which the notice of the dispute is given under Paragraph
                      5.

                  

          

           

          
            	 	
                    (ii)

                  	
                    Value.
                      Notwithstanding anything to the contrary in Paragraph 12, for
                      the purpose
                      of Paragraphs 5(i)(C) and 5(ii), the S&P Value, Moody’s First Trigger
                      Value, and Moody’s Second Trigger Value, on any date, of Eligible
                      Collateral other than Cash will be calculated as follows:
                      

                  

          

          
             

            REFERENCE
              NUMBERS: FXNCC9218, FXNCC9219, FXNCC9220,
              FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227,
              FXNCC9228, FXNCC9229, FXNCC9238, FXNCC9239 and FXNSC9240 

            
              
                
                

              

              
                Page
                  4 of
                  15

                
                  

                

              

              
                
                

              

            

             

          

          For
            Eligible Collateral in the form of securities listed in Paragraph 13(b)(ii):
            the
            product of (1)(x) the bid-side quotation at the Valuation Time for such
            securities on the principal national securities exchange on which such
            securities are listed, or (y) if such securities are not listed on a
            national
            securities exchange, the arithmetic mean of the bid-side quotations for
            such
            securities quoted at the Valuation Time by any three principal market
            makers for
            such securities selected by the Valuation Agent, provided that if only
            two
            bid-side quotations are obtained, then the arithmetic mean of such two
            bid-side
            quotations will be used, and if only one bid-side quotation is obtained,
            such
            quotation shall be used, or (z) if no such bid price is listed or quoted
            for
            such date, the bid price listed or quoted (as the case may be) at the
            Valuation
            Time for the day next preceding such date on which such prices were available
            and (2) the applicable Valuation Percentage for such Eligible
            Collateral.

           

          
            	 	
                    (iii)

                  	
                    Alternative.
                      The provisions of Paragraph 5 will
                      apply.

                  

          

           

          
            	
                    (g)

                  	
                    Holding
                      and Using Posted
                      Collateral.

                  

          

           

          
            	 	
                    (i)

                  	
                    Eligibility
                      to Hold Posted Collateral; Custodians. Party
                      B (or its Custodian) will be entitled to hold Posted Collateral
                      pursuant
                      to Paragraph 6(b), provided that the following conditions applicable
                      to it
                      are satisfied:

                  

          

           

          
            	 	
                    (1)

                  	
                    it
                      is not a Defaulting Party.

                  

          

           

          
            	 	
                    (2)

                  	
                    Posted
                      Collateral consisting of Cash or certificated securities that
                      cannot be
                      paid or delivered by book-entry may be held only in any state
                      of the
                      United States which has adopted the Uniform Commercial
                      Code.

                  

          

           

          
            	 	
                    (3)

                  	
                    in
                      the case of any Custodian for Party B, such Custodian (or,
                      to the extent
                      applicable, its parent company or credit support provider)
                      shall then have
                      a short-term unsecured and unsubordinated debt rating from
                      S&P of at
                      least “A-1”.

                  

          

           

          Initially,
            the Custodian
            for
            Party B is: Supplemental Interest Trust Trustee

           

          
            	 	
                    (ii)

                  	
                    Use
                      of Posted Collateral.
                      The provisions of Paragraph 6(c) will not apply to Party B,
                      and Party B
                      shall not have any right to use Posted Collateral or take any
                      action
                      specified in such Paragraph 6(c).

                  

          

           

          
            	
                    (h)

                  	
                    Distributions
                      and Interest Amount.

                  

          

           

          
            	 	
                    (i)

                  	
                    Interest
                      Rate.
                      The “Interest
                      Rate”
                      will be the actual interest rate earned on Posted Collateral
                      in the form
                      of Cash that is held by Party B or its Custodian. Posted Collateral
                      in the
                      form of Cash shall be invested in such overnight (or redeemable
                      within two
                      Local Business Days of demand) Permitted Investments rated
                      at least (x)
                      AAAm or AAAm-G by S&P and (y) Prime-1 by Moody’s or Aaa by Moody’s, as
                      directed by Party A. Gains and losses incurred in respect of
                      any
                      investment of Posted Collateral in the form of Cash in Permitted
                      Investments as directed by Party A shall be for the account
                      of Party
                      A.

                  

          

          
             

            REFERENCE
              NUMBERS: FXNCC9218, FXNCC9219, FXNCC9220,
              FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227,
              FXNCC9228, FXNCC9229, FXNCC9238, FXNCC9239 and FXNSC9240 

            
              
                
                

              

              
                Page
                  5 of
                  15

                
                  

                

              

              
                
                

              

            

             

          

          
            	 	
                    (ii)

                  	
                    Amendment
                      of Paragraph 6(d)(i) - Distributions.
                      Clause (d)(i) of Paragraph 6 shall be amended and restated
                      to read in its
                      entirety as follows:

                  

          

           

          “(i)
            Distributions. If Party B receives Distributions on a Local Business
            Day, it
            will Transfer to Party A not later than the following Local Business
            Day any
            Distributions it receives, and such Distributions will constitute Posted
            Collateral and will be subject to the security interest granted under
            Paragraph
            2. For the avoidance of doubt, any Distributions will not be Transferred
            to
            Party A pursuant to Paragraph 6.” 

           

          
            	 	
                    (iii)

                  	
                    Amendment
                      of Paragraph 6(d)(ii) - Interest Amount.
                      Clause (d)(ii) of Paragraph 6 shall be amended and restated
                      to read in its
                      entirety as follows:

                  

          

           

          “(ii)
            Interest
            Amount.
            In lieu
            of any interest, dividends or other amounts paid with respect to Posted
            Collateral in the form of Cash (all of which may be retained by the Secured
            Party), the Secured Party will Transfer to the Pledgor on the 20th day
            of each
            calendar month (or if such day is not a Local Business Day, the next
            Local
            Business Day) the Interest Amount. Any Interest Amount or portion thereof
            not
            Transferred pursuant to this Paragraph will constitute Posted Collateral
            in the
            form of Cash and will be subject to the security interest granted under
            Paragraph 2. For purposes of calculating the Interest Amount the amount
            of
            interest calculated for each day of the interest period shall be compounded
            monthly.” Secured Party shall not be obligated to transfer any Interest Amount
            unless and until it has received such amount.

           

          

           

          
            	
                    (i)

                  	
                    Additional
                      Representation(s).
                      There are no additional representations by either
                      party.

                  

          

           

          
            	
                    (j)

                  	
                    Other
                      Eligible Support and Other Posted Support.

                  

          

           

          
            	 	
                    (i)

                  	
                    “Value”
                      with respect to Other Eligible Support and Other Posted Support
                      means: not
                      applicable. 

                  

          

           

          
            	 	
                    (ii)

                  	
                    “Transfer”
                      with respect to Other Eligible Support and Other Posted Support
                      means: not
                      applicable.

                  

          

           

          
            	
                    (k)

                  	
                    Demands
                      and Notices.All
                      demands, specifications and notices under this Annex will be
                      made pursuant
                      to the Notices Section of this Agreement, except that any demand,
                      specification or notice shall be given to or made at the following
                      addresses, or at such other address as the relevant party may
                      from time to
                      time designate by giving notice (in accordance with the terms
                      of this
                      paragraph) to the other party:

                  

          

           

          If
            to
            Party A, at the address specified pursuant to the Notices Section of
            this
            Agreement.

          
             

            REFERENCE
              NUMBERS: FXNCC9218, FXNCC9219, FXNCC9220,
              FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227,
              FXNCC9228, FXNCC9229, FXNCC9238, FXNCC9239 and FXNSC9240 

            
              
                
                

              

              
                Page
                  6 of
                  15

                
                  

                

              

              
                
                

              

            

             

          

          If
            to
            Party B, at the address specified pursuant to the Notices Section of
            this
            Agreement.

           

          If
            to
            Party B’s Custodian: at the address designated in writing from time to
            time.

           

          
            	
                    (l)

                  	
                    Address
                      for Transfers.
                      Each Transfer hereunder shall be made to the address specified
                      below or to
                      an address specified in writing from time to time by the party
                      to which
                      such Transfer will be made.

                  

          

           

          Party
            A
            account details for holding collateral:

           

          Citibank,
            N.A., New York

          ABA
            Number: 021-0000-89, for the account of Bear, Stearns Securities
            Corp.

          Account
            Number: 0925-3186, for further credit to Bear Stearns Financial Products
            Inc.

          Sub-account
            Number: 102-04654-1-3

          Attention:
            Derivatives Department

          

          Party
            B’s
            Custodian account details for holding collateral:

           

          Deutsche
            Bank Trust Company - Americas

          ABA
            Number: 021001033

          Account
            Number: 014-19-663

          Account
            Name: NYLTD Funds Control - Stars West

          Ref:
            ISAC
            2007-1 Posted Collateral Acct

          

          

          
            	
                    (m)

                  	
                    Other
                      Provisions.

                  

          

           

          
            	 	
                    (i)

                  	
                    Collateral
                      Account.
                      Party B shall open and maintain a segregated account, which
                      shall be an
                      Eligible Account, and hold, record and identify all Posted
                      Collateral in
                      such segregated account.

                  

          

           

          
            	 	
                    (ii)

                  	
                    Agreement
                      as to Single Secured Party and Single Pledgor.
                      Party A and Party B hereby agree that, notwithstanding anything
                      to the
                      contrary in this Annex, (a) the term “Secured Party” as used in this Annex
                      means only Party B, (b) the term “Pledgor” as used in this Annex means
                      only Party A, (c) only Party A makes the pledge and grant in
                      Paragraph 2,
                      the acknowledgement in the final sentence of Paragraph 8(a)
                      and the
                      representations in Paragraph 9.

                  

          

           

          
            	 	
                    (iii)

                  	
                    Calculation
                      of Value.
                      Paragraph 4(c) is hereby amended by deleting the word “Value” and
                      inserting in lieu thereof “S&P Value, Moody’s First Trigger Value,
                      Moody’s Second Trigger Value”. Paragraph 4(d)(ii) is hereby amended by (A)
                      deleting the words “a Value” and inserting in lieu thereof “an S&P
                      Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value” and
                      (B) deleting the words “the Value” and inserting in lieu thereof “S&P
                      Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value”.
                      Paragraph 5 (flush language) is hereby amended by deleting
                      the word
                      “Value” and inserting in lieu thereof “S&P Value, Moody’s First
                      Trigger Value, or Moody’s Second Trigger Value”. Paragraph 5(i) (flush
                      language) is hereby amended by deleting the word “Value” and inserting in
                      lieu thereof “S&P Value, Moody’s First Trigger Value, and Moody’s
                      Second Trigger Value”. Paragraph 5(i)(C) is hereby amended by deleting the
                      word “the Value, if” and inserting in lieu thereof “any one or more of the
                      S&P Value, Moody’s First Trigger Value, or Moody’s Second Trigger
                      Value, as may be”. Paragraph 5(ii) is hereby amended by (1) deleting the
                      first instance of the words “the Value” and inserting in lieu thereof “any
                      one or more of the S&P Value, Moody’s First Trigger Value, or Moody’s
                      Second Trigger Value” and (2) deleting the second instance of the words
                      “the Value” and inserting in lieu thereof “such disputed S&P Value,
                      Moody’s First Trigger Value, or Moody’s Second Trigger Value”. Each of
                      Paragraph 8(b)(iv)(B) and Paragraph 11(a) is hereby amended
                      by deleting
                      the word “Value” and inserting in lieu thereof “least of the S&P
                      Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value”.
                      

                  

          

           

          REFERENCE
            NUMBERS: FXNCC9218, FXNCC9219, FXNCC9220,
            FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227,
            FXNCC9228, FXNCC9229, FXNCC9238, FXNCC9239 and FXNSC9240 

          
            
              
              

            

            
              Page
                7 of
                15

              
                

              

            

            
              
              

            

          

           

           

          
            	 	
                    (iv)

                  	
                    Form
                      of Annex. Party
                      A and Party B hereby agree that the text of Paragraphs 1 through
                      12,
                      inclusive, of this Annex is intended to be the printed form
                      of ISDA Credit
                      Support Annex (Bilateral Form - ISDA Agreements Subject to
                      New York Law
                      Only version) as
                      published and copyrighted in 1994 by the International Swaps
                      and
                      Derivatives Association, Inc.

                  

          

           

          
            	 	
                    (v)

                  	
                    Events
                      of Default.
                      Clause (iii) of Paragraph 7 shall not apply to Party
                      B.

                  

          

           

          
            	 	
                    (vi)

                  	
                    Expenses.
                      Notwithstanding anything to the contrary in Paragraph 10, the
                      Pledgor will
                      be responsible for, and will reimburse the Secured Party for,
                      all transfer
                      and other taxes and other costs involved in any Transfer of
                      Eligible
                      Collateral.

                  

          

           

          
            	 	
                    (vii)

                  	
                    Withholding.
                      Paragraph 6(d)(ii) is hereby amended by inserting immediately
                      after “the
                      Interest Amount” in the fourth line thereof the words “less any applicable
                      withholding taxes.”

                  

          

           

          (ix) Additional
            Definitions.
            As used
            in this Annex:

           

          “Collateral
            Event” means
            that no Relevant Entity has credit ratings at least equal to the Approved
            Ratings Threshold.

           

          “DV01”
            means,
            with respect to a Transaction and any date of determination, the estimated
            change in the Secured Party’s Transaction Exposure with respect to such
            Transaction that would result from a one basis point change in the relevant
            swap
            curve on such date, as determined by the Valuation Agent in good faith
            and in a
            commercially reasonable manner. The Valuation Agent shall, upon request
            of Party
            B, provide to Party B a statement showing in reasonable detail such
            calculation.

           

          “Exposure”
            has the meaning specified in Paragraph 12, except that after the word
            “Agreement” the words “(assuming, for this purpose only, that Part 1(f) of the
            Schedule is deleted)” shall be inserted. 

           

          “Local
            Business Day”
means,
            for purposes of this Annex: any day on which (A) commercial banks are
            open for
            business (including dealings in foreign exchange and foreign currency
            deposits)
            in New York and the location of Party A, Party B and any Custodian, and
            (B) in
            relation to a Transfer of Eligible Collateral, any day on which the clearance
            system agreed between the parties for the delivery of Eligible Collateral
            is
            open for acceptance and execution of settlement instructions (or in the
            case of
            a Transfer of Cash or other Eligible Collateral for which delivery is
            contemplated by other means a day on which commercial banks are open
            for
            business (including dealings in foreign exchange and foreign deposits)
            in New
            York and the location of Party A, Party B and any Custodian. 

          
             

            REFERENCE
              NUMBERS: FXNCC9218, FXNCC9219, FXNCC9220,
              FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227,
              FXNCC9228, FXNCC9229, FXNCC9238, FXNCC9239 and FXNSC9240 

            
              
                
                

              

              
                Page
                  8 of
                  15

                
                  

                

              

              
                
                

              

            

             

          

          “Moody’s
            First Trigger Credit Support Amount” means,
            for any Valuation Date, the excess, if any, of

           

          
            	 	
                    (I)

                  	
                    (A)

                  	
                    for
                      any Valuation Date on which (I) a Moody’s First Trigger Ratings Event has
                      occurred and has been continuing (x) for at least 30 Local
                      Business Days
                      or (y) since this Annex was executed and (II) it is not the
                      case that a
                      Moody’s Second Trigger Ratings Event has occurred and been continuing
                      for
                      at least 30 Local Business Days, an amount equal to the greater
                      of (a)
                      zero and (b) the sum of (i) the Secured Party’s Exposure for such
                      Valuation Date and (ii) the sum, for each Transaction to which
                      this Annex
                      relates, of the lesser of (x) the product of the Moody’s First Trigger
                      DV01 Multiplier and DV01 for such Transaction and such Valuation
                      Date and
                      (y) the product of (i) Moody’s
                      First Trigger Notional Amount Multiplier, and (ii)
                      the Notional Amount for such Transaction for the Calculation
                      Period for
                      such Transaction (each as defined in the related Confirmation)
                      which
                      includes such Valuation Date, or

                  

          

           

          
            	 	
                    (B)

                  	
                    for
                      any other Valuation Date, zero,
                      over

                  

          

           

          (II)   the
            Threshold for Party A such Valuation Date.

           

          “Moody’s
            First Trigger DV01 Multiplier”
            means
            15.

           

          “Moody’s
            First Trigger Value”
            means,
            on any date and with respect to any Eligible Collateral other than Cash,
            the bid
            price obtained by the Valuation Agent multiplied by the Moody’s First Trigger
            Valuation Percentage for such Eligible Collateral set forth in Paragraph
            13(b)(ii).

           

          “Moody’s
            First Trigger Notional Amount Multiplier”
            means
            2%.

           

          “Moody’s
            Second Trigger Credit Support Amount”
            means,
            for any Valuation Date, the excess, if any, of

           

          
            	 	
                    (I)

                  	
                    (A)

                  	
                    for
                      any Valuation Date on which it is the case that a Moody’s Second Trigger
                      Ratings Event has occurred and been continuing for at least
                      30 Local
                      Business Days, an amount equal to the greatest of (a) zero,
                      (b) the
                      aggregate amount of the next payment due to be paid by Party
                      A under each
                      Transaction to which this Annex relates, and (c) the sum of
                      (x) the
                      Secured Party’s Exposure for such Valuation Date and (y) the sum, for each
                      Transaction to which this Annex relates,
                      of:

                  

          

          
             

            REFERENCE
              NUMBERS: FXNCC9218, FXNCC9219, FXNCC9220,
              FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227,
              FXNCC9228, FXNCC9229, FXNCC9238, FXNCC9239 and FXNSC9240 

            
              
                
                

              

              
                Page
                  9 of
                  15

                
                  

                

              

              
                
                

              

            

             

          

          
            	 	
                    (1)

                  	
                    if
                      such Transaction is not a Transaction-Specific Hedge, the lesser
                      of (i)
                      the product of the Moody’s Second Trigger DV01 Multiplier and DV01 for
                      such Transaction and such Valuation Date and (ii) the product
                      of (1) the
                      Moody’s Second Trigger Notional Amount Multiplier, and (2) the Notional
                      Amount for such Transaction for the Calculation Period for
                      such
                      Transaction (each as defined in the related Confirmation) which
                      includes
                      such Valuation Date;
                      or

                  

          

           

          
            	 	
                    (2)

                  	
                    if
                      such Transaction is a Transaction-Specific Hedge, the lesser
                      of (i) the
                      product of the Moody’s Second Trigger Transaction-Specific Hedge DV01
                      Multiplier and DV01 for such Transaction and such Valuation
                      Date and (ii)
                      the product of (1) the Moody’s Second Trigger Transaction-Specific Hedge
                      Notional Amount Multiplier, and (2) the Notional Amount for
                      such
                      Transaction for the Calculation Period for such Transaction
                      (each as
                      defined in the related Confirmation) which includes such Valuation
                      Date;
                      or

                  

          

           

          
            	 	
                    (B)

                  	
                    for
                      any other Valuation Date, zero,
                      over

                  

          

           

          (II) the
            Threshold for Party A for such Valuation Date.

           

          “Moody’s
            Second Trigger DV01 Multiplier”
            means
            50.

           

          “Moody’s
            Second Trigger Notional Amount Multiplier”
            means
            8%.

           

          “Moody’s
            Second Trigger Transaction-Specific Hedge DV01
            Multiplier”
            means
            65.

           

          “Moody’s
            Second Trigger Transaction-Specific Hedge Notional Amount
            Multiplier”
            means
            10%.

           

          “Moody’s
            Second Trigger Value”
            means,
            on any date and with respect to any Eligible Collateral other than Cash,
            the bid
            price obtained by the Valuation Agent multiplied by the Moody’s Second Trigger
            Valuation Percentage for such Eligible Collateral set forth in Paragraph
            13(b)(ii).

           

          “Remaining
            Weighted Average Maturity” means,
            with respect to a Transaction, the expected weighted average maturity
            for such
            Transaction as determined by the Valuation Agent. 

           

          “S&P
            Credit Support Amount”
            means,
            for any Valuation Date, the excess, if any, of

          
             

            REFERENCE
              NUMBERS: FXNCC9218, FXNCC9219, FXNCC9220,
              FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227,
              FXNCC9228, FXNCC9229, FXNCC9238, FXNCC9239 and FXNSC9240 

            
              
                
                

              

              
                Page
                  10 of
                  15

                
                  

                

              

              
                
                

              

            

             

          

          
            	 	
                    (I)

                  	
                    (A)
                      

                  	
                    for
                      any Valuation Date on which (i) an S&P Approved Ratings Downgrade
                      Event has occurred and been continuing for at least 30 days
                      or (ii) a
                      S&P Required Ratings Downgrade Event has occurred and is continuing,
                      an amount equal to the sum of (1) 100.0% of the Secured Party’s Exposure
                      for such Valuation Date and (2) the sum, for each Transaction
                      to which
                      this Annex relates, of the product of (i) the Volatility Buffer
                      for such
                      Transaction, and (ii) the Notional Amount of such Transaction
                      for the
                      Calculation Period of such Transaction (each as defined in
                      the related
                      Confirmation) which includes such Valuation Date,
                      or

                  

          

           

          
            	 	
                    (B)

                  	
                    for
                      any other Valuation Date, zero,
                      over

                  

          

           

          (II) the
            Threshold for Party A for such Valuation Date.

           

          “S&P
            Value”
            means,
            on any date and with respect to any Eligible Collateral other than Cash,
            the
            product of (A) the bid price obtained by the Valuation Agent for such
            Eligible
            Collateral and (B) the S&P Valuation Percentage for such Eligible Collateral
            set forth in paragraph 13(b)(ii).

           

          “Transaction
            Exposure”
            means,
            for any Transaction, Exposure determined as if such Transaction were
            the only
            Transaction between the Secured Party and the Pledgor.

           

          “Transaction-Specific
            Hedge” means
            any
            Transaction that is (i) an interest rate swap in respect of which (x)
            the
            notional amount of the interest rate swap is “balance guaranteed” or (y) the
            notional amount of the interest rate swap for any Calculation Period
            (as defined
            in the related Confirmation) otherwise is not a specific dollar amount
            that is
            fixed at the inception of the Transaction, (ii) an interest rate cap,
            (iii) an
            interest rate floor or (iv) an interest rate swaption.

           

          “Valuation
            Percentage”
            shall
            mean, for purposes of determining the S&P Value, Moody’s First Trigger
            Value, or Moody’s Second Trigger Value with respect to any Eligible Collateral
            or Posted Collateral, the applicable S&P Valuation Percentage, Moody’s First
            Trigger Valuation Percentage, or Moody’s Second Trigger Valuation Percentage for
            such Eligible Collateral or Posted Collateral, respectively, in each
            case as set
            forth in Paragraph 13(b)(ii).

           

          “Value”
            shall
            mean, in respect of any date, the related S&P Value, the related Moody’s
            First Trigger Value, and the related Moody’s Second Trigger Value.

          
             

            REFERENCE
              NUMBERS: FXNCC9218, FXNCC9219, FXNCC9220,
              FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227,
              FXNCC9228, FXNCC9229, FXNCC9238, FXNCC9239 and FXNSC9240 

            
              
                
                

              

              
                Page
                  11 of
                  15

                
                  

                

              

              
                
                

              

            

             

          

          “Volatility
            Buffer”
            means,
            for any Transaction, the related percentage set forth in the following
            table.

           

          
            	
                    The
                      higher of the S&P short-term credit rating of (i) Party A and (ii) the
                      Credit Support Provider of Party A, if applicable

                  	
                    Remaining
                      Weighted Average Maturity 

                    up
                      to 3 years

                  	
                    Remaining
                      Weighted Average Maturity

                    up
                      to 5 years

                  	
                    Remaining
                      Weighted Average Maturity

                    up
                      to 10 years

                  	
                    Remaining
                      Weighted Average Maturity

                    up
                      to 30 years

                  
	
                    “A-2”
                      or higher

                  	
                    2.75%

                  	
                    3.25%

                  	
                    4.00%

                  	
                    4.75%

                  
	
                    “A-3”

                  	
                    3.25%

                  	
                    4.00%

                  	
                    5.00%

                  	
                    6.25%

                  
	
                    “BB+”
                      or
                      lower

                  	
                    3.50%

                  	
                    4.50%

                  	
                    6.75%

                  	
                    7.50%

                  

          

          

           

          

           

          

           

          [Remainder
            of this page intentionally left blank]

           

          REFERENCE
            NUMBERS: FXNCC9218, FXNCC9219, FXNCC9220,
            FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227,
            FXNCC9228, FXNCC9229, FXNCC9238, FXNCC9239 and FXNSC9240 

          
            
              
              

            

            
              Page
                12 of
                15

              
                

              

            

            
              
              

            

          

           

          IN
            WITNESS WHEREOF, the parties have executed this Annex by their duly authorized
            representatives as of the date of the Agreement.

           

          
            	
                    BEAR
                      STEARNS FINANCIAL PRODUCTS INC.

                  	
                    DEUTSCHE
                      BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY,
                      BUT SOLELY AS
                      SUPPLEMENTAL INTEREST TRUST TRUSTEE ON BEHALF OF THE SUPPLEMENTAL
                      INTEREST
                      TRUST WITH RESPECT TO THE IMPAC SECURED ASSETS TRUST 2007-1,
                      IMPAC SECURED
                      ASSETS CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES
                      2007-1

                  
	 	 
	 	 
	 	 
	
                    By: 
                      _____________________________
Name
Title:
Date:

                  	
                    By: 
_____________________________
Name
Title:
Date:

                  

          

          
             

          

          

            REFERENCE
              NUMBERS: FXNCC9218, FXNCC9219, FXNCC9220,
              FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227,
              FXNCC9228, FXNCC9229, FXNCC9238, FXNCC9239 and FXNSC9240 

            
              
                
                

              

              
                Page
                  13 of
                  15

                
                  

                

              

              
                
                

              

            

             

          

          SCHEDULE
            A

           

          ELIGIBLE
            COLLATERAL

           

          
            	
                     

                    ISDA
                      Collateral Asset Definition(ICAD)
                      Code 

                  	
                    Remaining
                      Maturity in Years

                  	
                    S&P
                      

                    Valuation
                      

                    Percentage

                  	
                    Moody’s

                    First
                      Trigger ValuationPercentage

                  	
                    Moody’s

                    Second
                      Trigger

                    Valuation

                    Percentage

                  
	
                    (A)
                      US-CASH

                  	
                    N/A

                  	
                    100%

                  	
                    100%

                  	
                    100%

                  
	
                    (B)
                      EU-CASH

                  	
                    N/A

                  	
                    92.5%

                  	
                    98%

                  	
                    94%

                  
	
                    (C)
                      GB-CASH

                  	
                    N/A

                  	
                    94.1%

                  	
                    98%

                  	
                    95%

                  
	
                    (D)
                      US-TBILL

                    US-TNOTE

                    US-TBOND

                  	 	 	 	 
	 	
                    1
                      or less

                  	
                    98.9%

                  	
                    100%

                  	
                    100%

                  
	 	
                    More
                      than 1 but not more than 2

                  	
                    98.0%

                  	
                    100%

                  	
                    99%

                  
	 	
                    More
                      than 2 but not more than 3

                  	
                    97.4%

                  	
                    100%

                  	
                    98%

                  
	 	
                    More
                      than 3 but not more than 5

                  	
                    95.5%

                  	
                    100%

                  	
                    97%

                  
	 	
                    More
                      than 5 but not more than 7

                  	
                    93.7%

                  	
                    100%

                  	
                    96%

                  
	 	
                    More
                      than 7 but not more than 10

                  	
                    92.5%

                  	
                    100%

                  	
                    94%

                  
	 	
                    More
                      than 10 but not more than 20

                  	
                    91.1%

                  	
                    100%

                  	
                    90%

                  
	 	
                    More
                      than 20

                  	
                    88.6%

                  	
                    100%

                  	
                    88%

                  
	
                    (E)
                      US-GNMA

                    US-FNMA

                    US-FHLMC

                  	 	 	 	 
	 	
                    1
                      or less

                  	
                    98.5%

                  	
                    100%

                  	
                    99%

                  

          

          
             

             

            REFERENCE
              NUMBERS: FXNCC9218, FXNCC9219, FXNCC9220,
              FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227,
              FXNCC9228, FXNCC9229, FXNCC9238, FXNCC9239 and FXNSC9240 

            
              
                
                

              

              
                Page
                  14 of
                  15

                
                  

                

              

              
                
                

              

            

             

          

           

          
            	 	
                    More
                      than 1 but not more than 2

                  	
                    97.7%

                  	
                    100%

                  	
                    99%

                  
	 	
                    More
                      than 2 but not more than 3

                  	
                    97.3%

                  	
                    100%

                  	
                    98%

                  
	 	
                    More
                      than 3 but not more than 5

                  	
                    94.5%

                  	
                    100%

                  	
                    96%

                  
	 	
                    More
                      than 5 but not more than 7

                  	
                    93.1%

                  	
                    100%

                  	
                    93%

                  
	 	
                    More
                      than 7 but not more than 10

                  	
                    90.7%

                  	
                    100%

                  	
                    93%

                  
	 	
                    More
                      than 10 but not more than 20

                  	
                    87.7%

                  	
                    100%

                  	
                    89%

                  
	 	
                    More
                      than 20

                  	
                    84.4%

                  	
                    100%

                  	
                    87%

                  
	
                    (F)
                      Fixed-Rate GA-EUROZONE-GOV

                  	 	
                    Rated
                      AAA or better by S&P

                  	
                    Rated
                      Aa3 or better by Moody's

                  	
                    Rated
                      Aa3 or better by Moody's

                  
	 	
                    1
                      or less

                  	
                    98.8%

                  	
                    98%

                  	
                    94%

                  
	 	
                    More
                      than 1 but not more than 2

                  	
                    97.9%

                  	
                    98%

                  	
                    93%

                  
	 	
                    More
                      than 2 but not more than 3

                  	
                    97.1%

                  	
                    98%

                  	
                    92%

                  
	 	
                    More
                      than 3 but not more than 5

                  	
                    91.2%

                  	
                    98%

                  	
                    90%

                  
	 	
                    More
                      than 5 but not more than 7

                  	
                    87.5%

                  	
                    98%

                  	
                    89%

                  
	 	
                    More
                      than 7 but not more than 10

                  	
                    83.8%

                  	
                    98%

                  	
                    88%

                  
	 	
                    More
                      than 10 but not more than 20

                  	
                    75.5%

                  	
                    98%

                  	
                    84%

                  

          

          

           

          The
            ISDA
            Collateral Asset Definition (ICAD) Codes used in this Schedule A are
            taken from
            the Collateral Asset Definitions (First Edition - June 2003) as published
            and
            copyrighted in 2003 by the International Swaps and Derivatives Association,
            Inc.

          
             

            REFERENCE
              NUMBERS: FXNCC9218, FXNCC9219, FXNCC9220,
              FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227,
              FXNCC9228, FXNCC9229, FXNCC9238, FXNCC9239 and FXNSC9240 

            
              
                
                

              

              
                Page
                  15 of
                  15

                
                  

                

              

              
                
                

              

            

             

          

        

        (Multicurrency
          - Cross Border)

         

        ISDA®

        International
          Swap Dealers Association, Inc.

         

        MASTER
          AGREEMENT

         

        dated
          as
          of February 22, 2007

         

        
          	
                  BEAR
                    STEARNS FINANCIAL PRODUCTS INC.      
                    and 

                	
                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY,
                    BUT SOLELY AS
                    SUPPLEMENTAL INTEREST TRUST TRUSTEE ON BEHALF OF THE SUPPLEMENTAL
                    INTEREST
                    TRUST WITH RESPECT TO THE IMPAC SECURED ASSETS TRUST 2007-1,
                    IMPAC SECURED
                    ASSETS CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES
                    2007-1

                

        

        

         

        have
          entered and/or anticipate entering into one of more transactions (each
          a
          "Transaction") that are or will be governed by this Master Agreement, which
          includes the schedule (the "Schedule"), and the documents and other confirming
          evidence (each a "Confirmation") exchanged between the parties confirming
          those
          Transactions.

         

        Accordingly,
          the parties agree as follows: —

         

        1.  Interpretation

         

        (a)  Definitions. The
          terms
          defined in Section 14 and in the Schedule will have the meanings therein
          specified for the purpose of this Master Agreement.

         

        (b)  Inconsistency.
          In the
          event of any inconsistency between the provisions of the Schedule and the
          other
          provisions of this Master Agreement, the Schedule will prevail. In the
          event of
          any inconsistency between the provisions of any Confirmation and this Master
          Agreement (including the Schedule), such Confirmation will prevail for
          the
          purpose of the relevant Transaction.

         

        (c)  Single
          Agreement.
          All
          Transactions are entered into in reliance on the fact that this Master
          Agreement
          and all Confirmations form a single agreement between the parties (collectively
          referred to as this "Agreement"), and the parties would not otherwise enter
          into
          any Transactions.

         

        2.  Obligations

         

        (a)  General
          Conditions.

         

        (i)  Each
          party will make each payment or delivery specified in each Confirmation
          to be
          made by it, subject to the other provisions of this Agreement.

         

        (ii)  Payments
          under this Agreement will be made on the due date for value on that date
          in the
          place of the account specified in the relevant Confirmation or otherwise
          pursuant to this Agreement, in freely transferable funds and in the manner
          customary for payments in the required currency. Where settlement is by
          delivery
          (that is, other than by payment), such delivery will be made for receipt
          on the
          due date in the manner customary for the relevant obligation unless otherwise
          specified in the relevant Confirmation or elsewhere in this
          Agreement.

         

        (iii)  Each
          obligation of each party under Section 2(a)(i) is subject to (1) the condition
          precedent that no Event of Default or Potential Event of Default with respect
          to
          the other party has occurred and is continuing, (2) the condition precedent
          that
          no Early Termination Date in respect of the relevant Transaction has occurred
          or
          been effectively designated and (3) each other applicable condition precedent
          specified in this Agreement.

        

           

          Copyright
            © 1992 by International Swap Dealers Association, Inc.

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

        

         

        
           

          (b) Change
            of Account.
            Either
            party may change its account for receiving a payment or delivery by giving
            notice to the other party at least five Local Business Days prior to
            the
            scheduled date for the payment or delivery to which such change applies
            unless
            such other party gives timely notice of a reasonable objection to such
            change.

           

          (c) Netting.
            If on
            any date amounts would otherwise be payable:— 

           

          (i) in
            the
            same currency; and 

           

          (ii) in
            respect of the same Transaction, 

           

          by
            each
            party to the other, then, on such date, each party’s obligation to make payment
            of any such amount will be automatically satisfied and discharged and,
            if the
            aggregate amount that would otherwise have been payable by one party
            exceeds the
            aggregate amount that would otherwise have been payable by the other
            party,
            replaced by an obligation upon the party by whom the larger aggregate
            amount
            would have been payable to pay to the other party the excess of the larger
            aggregate amount over the smaller aggregate amount. 

           

          The
            parties may elect in respect of two or more Transactions that a net amount
            will
            be determined in respect of all amounts payable on the same date in the
            same
            currency in respect of such Transactions, regardless of whether such
            amounts are
            payable in respect of the same Transaction. The election may be made
            in the
            Schedule or a Confirmation by specifying that subparagraph (ii) above
            will not
            apply to the Transactions identified as being subject to the election,
            together
            with the starting date (in which case subparagraph (ii) above will not,
            or will
            cease to, apply to such Transactions from such date). This election may
            be made
            separately for different groups of Transactions and will apply separately
            to
            each pairing of Offices through which the parties make and receive payments
            or
            deliveries. 

           

          (d) Deduction
            or Withholding for Tax. 

           

          (i) Gross-Up.
            All
            payments under this Agreement will be made without any deduction or withholding
            for or on account of any Tax unless such deduction or withholding is
            required by
            any applicable law, as modified by the practice of any relevant governmental
            revenue authority, then in effect. If a party is so required to deduct
            or
            withhold, then that party (“X”) will:— 

           

          (1) promptly
            notify the other party (“Y”) of such requirement; 

           

          (2) pay
            to
            the relevant authorities the full amount required to be deducted or withheld
            (including the full amount required to be deducted or withheld from any
            additional amount paid by X to Y under this Section 2(d)) promptly upon
            the
            earlier of determining that such deduction or withholding is required
            or
            receiving notice that such amount has been assessed against Y; 

           

          (3) promptly
            forward to Y an official receipt (or a certified copy), or other documentation
            reasonably acceptable to Y, evidencing such payment to such authorities;
            and

           

          (4) if
            such
            Tax is an Indemnifiable Tax, pay to Y, in addition to the payment to
            which Y is
            otherwise entitled under this Agreement, such additional amount as is
            necessary
            to ensure that the net amount actually received by Y (free and clear
            of
            Indemnifiable Taxes, whether assessed against X or Y) will equal the
            full amount
            Y would have received had no such deduction or withholding been required.
            However, X will not be required to pay any additional amount to Y to
            the extent
            that it would not be required to be paid but for:— 

           

          (A) the
            failure by Y to comply with or perform any agreement contained in Section
            4(a)(i), 4(a)(iii) or 4(d); or 

           

          (B) the
            failure of a representation made by Y pursuant to Section 3(f) to be
            accurate
            and true unless such failure would not have occurred but for (I) any
            action
            taken by a taxing authority, or brought in a court of competent jurisdiction,
            on
            or after the date on which a Transaction is entered into (regardless
            of whether
            such action is taken or brought with respect to a party to this Agreement)
            or
            (II) a Change in Tax Law. 

           

          
            
              
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          (ii) Liability.
            If: —

           

          (1) X
            is
            required by any applicable law, as modified by the practice of any relevant
            governmental revenue authority, to make any deduction or withholding
            in respect
            of which X would not be required to pay an additional amount to Y under
            Section
            2(d)(i)(4); 

           

          (2) X
            does
            not so deduct or withhold; and 

           

          (3) a
            liability resulting from such Tax is assessed directly against X, 

           

          then,
            except to the extent Y has satisfied or then satisfies the liability
            resulting
            from such Tax, Y will promptly pay to X the amount of such liability
            (including
            any related liability for interest, but including any related liability
            for
            penalties only if Y has failed to comply with or perform any agreement
            contained
            in Section 4(a)(i), 4(a)(iii) or 4(d)). 

           

          (e) Default
            Interest; Other Amounts.
            Prior to
            the occurrence or effective designation of an Early Termination Date
            in respect
            of the relevant Transaction, a party that defaults in the performance
            of any
            payment obligation will, to the extent permitted by law and subject to
            Section
            6(c), be required to pay interest (before as well as after judgment)
            on the
            overdue amount to the other party on demand in the same currency as such
            overdue
            amount, for the period from (and including) the original due date for
            payment to
            (but excluding) the date of actual payment, at the Default Rate. Such
            interest
            will be calculated on the basis of daily compounding and the actual number
            of
            days elapsed. If, prior to the occurrence or effective designation of
            an Early
            Termination Date in respect of the relevant Transaction, a party defaults
            in the
            performance of any obligation required to be settled by delivery, it
            will
            compensate the other party on demand if and to the extent provided for
            in the
            relevant Confirmation or elsewhere in this Agreement. 

           

          
            	
                    3.

                  	
                    Representations
                      

                  

          

           

          Each
            party represents to the other party (which representations will be deemed
            to be
            repeated by each party on each date on which a Transaction is entered
            into and,
            in the case of the representations in Section 3(f), at all times until
            the
            termination of this Agreement) that:— 

           

          
            (a)
              Basic Representations.

          

           

          (i) Status.
            It is
            duly organised and validly existing under the laws of the jurisdiction
            of its
            organisation or incorporation and, if relevant under such laws, in good
            standing; 

           

          (ii) Powers.
            It has
            the power to execute this Agreement and any other documentation relating
            to this
            Agreement to which it is a party, to deliver this Agreement and any other
            documentation relating to this Agreement that it is required by this
            Agreement
            to deliver and to perform its obligations under this Agreement and any
            obligations it has under any Credit Support Document to which it is a
            party and
            has taken all necessary action to authorise such execution, delivery
            and
            performance; 

           

          (iii) No
            Violation or Conflict.
            Such
            execution, delivery and performance do not violate or conflict with any
            law
            applicable to it, any provision of its constitutional documents, any
            order or
            judgment of any court or other agency of government applicable to it
            or any of
            its assets or any contractual restriction binding on or affecting it
            or any of
            its assets; 

           

          (iv) Consents.
            All
            governmental and other consents that are required to have been obtained
            by it
            with respect to this Agreement or any Credit Support Document to which
            it is a
            party have been obtained and are in full force and effect and all conditions
            of
            any such consents have been complied with; and 

           

          (v) Obligations
            Binding.
            Its
            obligations under this Agreement and any Credit Support Document to which
            it is
            a party constitute its legal, valid and binding obligations, enforceable
            in
            accordance with their respective terms (subject to applicable bankruptcy,
            reorganisation, insolvency, moratorium or similar laws affecting creditors’
rights generally and subject, as to enforceability, to equitable principles
            of
            general application (regardless of whether enforcement is sought in a
            proceeding
            in equity or at law)). 

           

          
            
              
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          (b) Absence
            of Certain Events.
            No Event
            of Default or Potential Event of Default or, to its knowledge, Termination
            Event
            with respect to it has occurred and is continuing and no such event or
            circumstance would occur as a result of its entering into or performing
            its
            obligations under this Agreement or any Credit Support Document to which
            it is a
            party. 

           

          (c) Absence
            of Litigation.
            There is
            not pending or, to its knowledge, threatened against it or any of its
            Affiliates
            any action, suit or proceeding at law or in equity or before any court,
            tribunal, governmental body, agency or official or any arbitrator that
            is likely
            to affect the legality, validity or enforceability against it of this
            Agreement
            or any Credit Support Document to which it is a party or its ability
            to perform
            its obligations under this Agreement or such Credit Support Document.
            

           

          (d) Accuracy
            of Specified Information.
            All
            applicable information that is furnished in writing by or on behalf of
            it to the
            other party and is identified for the purpose of this Section 3(d) in
            the
            Schedule is, as of the date of the information, true, accurate and complete
            in
            every material respect. 

           

          (e) Payer
            Tax Representation.
            Each
            representation specified in the Schedule as being made by it for the
            purpose of
            this Section 3(e) is accurate and true. 

           

          (f) Payee
            Tax Representations.
            Each
            representation specified in the Schedule as being made by it for the
            purpose of
            this Section 3(f) is accurate and true. 

           

          
            	
                    4.

                  	
                    Agreements
                      

                  

          

           

          Each
            party agrees with the other that, so long as either party has or may
            have any
            obligation under this Agreement or under any Credit Support Document
            to which it
            is a party:— 

           

          (a) Furnish
            Specified Information.
            It will
            deliver to the other party or, in certain cases under subparagraph (iii)
            below,
            to such government or taxing authority as the other party reasonably
            directs:—

           

          (i) any
            forms, documents or certificates relating to taxation specified in the
            Schedule
            or any Confirmation; 

           

          (ii) any
            other
            documents specified in the Schedule or any Confirmation; and 

           

          (iii) upon
            reasonable demand by such other party, any form or document that may
            be required
            or reasonably requested in writing in order to allow such other party
            or its
            Credit Support Provider to make a payment under this Agreement or any
            applicable
            Credit Support Document without any deduction or withholding for or on
            account
            of any Tax or with such deduction or withholding at a reduced rate (so
            long as
            the completion, execution or submission of such form or document would
            not
            materially prejudice the legal or commercial position of the party in
            receipt of
            such demand), with any such form or document to be accurate and completed
            in a
            manner reasonably satisfactory to such other party and to be executed
            and to be
            delivered with any reasonably required certification, 

           

          in
            each
            case by the date specified in the Schedule or such Confirmation or, if
            none is
            specified, as soon as reasonably practicable. 

           

          (b) Maintain
            Authorisations.
            It will
            use all reasonable efforts to maintain in full force and effect all consents
            of
            any governmental or other authority that are required to be obtained
            by it with
            respect to this Agreement or any Credit Support Document to which it
            is a party
            and will use all reasonable efforts to obtain any that may become necessary
            in
            the future. 

           

          (c) Comply
            with Laws.
            It will
            comply in all material respects with all applicable laws and orders to
            which it
            may be subject if failure so to comply would materially impair its ability
            to
            perform its obligations under this Agreement or any Credit Support Document
            to
            which it is a party. 

           

          (d) Tax
            Agreement.
            It will
            give notice of any failure of a representation made by it under Section
            3(f) to
            be accurate and true promptly upon learning of such failure. 

           

          
            
              
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          (e) Payment
            of Stamp Tax.
            Subject
            to Section 11, it will pay any Stamp Tax levied or imposed upon it or
            in respect
            of its execution or performance of this Agreement by a jurisdiction in
            which it
            is incorporated, organised, managed and controlled, or considered to
            have its
            seat, or in which a branch or office through which it is acting for the
            purpose
            of this Agreement is located (“Stamp Tax Jurisdiction”) and will indemnify the
            other party against any Stamp Tax levied or imposed upon the other party
            or in
            respect of the other party’s execution or performance of this Agreement by any
            such Stamp Tax Jurisdiction which is not also a Stamp Tax Jurisdiction
            with
            respect to the other party. 

           

          
            	
                    5.

                  	
                    Events
                      of Default and Termination Events

                  

          

           

          (a) Events
            of Default.
            The
            occurrence at any time with respect to a party or, if applicable, any
            Credit
            Support Provider of such party or any Specified Entity of such party
            of any of
            the following events constitutes an event of default (an “Event of Default”)
            with respect to such party:— 

           

          (i) Failure
            to Pay or Deliver.
            Failure
            by the party to make, when due, any payment under this Agreement or delivery
            under Section 2(a)(i) or 2(e) required to be made by it if such failure
            is not
            remedied on or before the third Local Business Day after notice of such
            failure
            is given to the party; 

           

          (ii) Breach
            of Agreement.
            Failure
            by the party to comply with or perform any agreement or obligation (other
            than
            an obligation to make any payment under this Agreement or delivery under
            Section
            2(a)(i) or 2(e) or to give notice of a Termination Event or any agreement
            or
            obligation under Section 4(a)(i), 4(a)(iii) or 4(d)) to be complied with
            or
            performed by the party in accordance with this Agreement if such failure
            is not
            remedied on or before the thirtieth day after notice of such failure
            is given to
            the party; 

           

          (iii) Credit
            Support Default. 

           

          (1) Failure
            by the party or any Credit Support Provider of such party to comply with
            or
            perform any agreement or obligation to be complied with or performed
            by it in
            accordance with any Credit Support Document if such failure is continuing
            after
            any applicable grace period has elapsed; 

           

          (2) the
            expiration or termination of such Credit Support Document or the failing
            or
            ceasing of such Credit Support Document to be in full force and effect
            for the
            purpose of this Agreement (in either case other than in accordance with
            its
            terms) prior to the satisfaction of all obligations of such party under
            each
            Transaction to which such Credit Support Document relates without the
            written
            consent of the other party; or 

           

          (3) the
            party
            or such Credit Support Provider disaffirms, disclaims, repudiates or
            rejects, in
            whole or in part, or challenges the validity of, such Credit Support
            Document;

           

          (iv) Misrepresentation.
            A
            representation (other than a representation under Section 3(e) or (f))
            made or
            repeated or deemed to have been made or repeated by the party or any
            Credit
            Support Provider of such party in this Agreement or any Credit Support
            Document
            proves to have been incorrect or misleading in any material respect when
            made or
            repeated or deemed to have been made or repeated; 

           

          (v) Default
            under Specified Transaction.
            The
            party, any Credit Support Provider of such party or any applicable Specified
            Entity of such party (1) defaults under a Specified Transaction and,
            after
            giving effect to any applicable notice requirement or grace period, there
            occurs
            a liquidation of, an acceleration of obligations under, or an early termination
            of, that Specified Transaction, (2) defaults, after giving effect to
            any
            applicable notice requirement or grace period, in making any payment
            or delivery
            due on the last payment, delivery or exchange date of, or any payment
            on early
            termination of, a Specified Transaction (or such default continues for
            at least
            three Local Business Days if there is no applicable notice requirement
            or grace
            period) or (3) disaffirms, disclaims, repudiates or rejects, in whole
            or in
            part, a Specified Transaction (or such action is taken by any person
            or entity
            appointed or empowered to operate it or act on its behalf); 

           

          
            
              
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          (vi) Cross
            Default.
            If
“Cross Default” is specified in the Schedule as applying to the party, the
            occurrence or existence of (1) a default, event of default or other similar
            condition or event (however described) in respect of such party, any
            Credit
            Support Provider of such party or any applicable Specified Entity of
            such party
            under one or more agreements or instruments relating to Specified Indebtedness
            of any of them (individually or collectively) in an aggregate amount
            of not less
            than the applicable Threshold Amount (as specified in the Schedule) which
            has
            resulted in such Specified Indebtedness becoming, or becoming capable
            at such
            time of being declared, due and payable under such agreements or instruments,
            before it would otherwise have been due and payable or (2) a default
            by such
            party, such Credit Support Provider or such Specified Entity (individually
            or
            collectively) in making one or more payments on the due date thereof
            in an
            aggregate amount of not less than the applicable Threshold Amount under
            such
            agreements or instruments (after giving effect to any applicable notice
            requirement or grace period); 

           

          (vii) Bankruptcy.
            The
            party, any Credit Support Provider of such party or any applicable Specified
            Entity of such party: — 

           

          (1) is
            dissolved (other than pursuant to a consolidation, amalgamation or merger);
            (2)
            becomes insolvent or is unable to pay its debts or fails or admits in
            writing
            its inability generally to pay its debts as they become due; (3) makes
            a general
            assignment, arrangement or composition with or for the benefit of its
            creditors;
            (4) institutes or has instituted against it a proceeding seeking a judgment
            of
            insolvency or bankruptcy or any other relief under any bankruptcy or
            insolvency
            law or other similar law affecting creditors’ rights, or a petition is presented
            for its winding- up or liquidation, and, in the case of any such proceeding
            or
            petition instituted or presented against it, such proceeding or petition
            (A)
            results in a judgment of insolvency or bankruptcy or the entry of an
            order for
            relief or the making of an order for its winding-up or liquidation or
            (B) is not
            dismissed, discharged, stayed or restrained in each case within 30 days
            of the
            institution or presentation thereof; (5) has a resolution passed for
            its
            winding-up, official management or liquidation (other than pursuant to
            a
            consolidation, amalgamation or merger); (6) seeks or becomes subject
            to the
            appointment of an administrator, provisional liquidator, conservator,
            receiver,
            trustee, custodian or other similar official for it or for all or substantially
            all its assets; (7) has a secured party take possession of all or substantially
            all its assets or has a distress, execution, attachment, sequestration
            or other
            legal process levied, enforced or sued on or against all or substantially
            all
            its assets and such secured party maintains possession, or any such process
            is
            not dismissed, discharged, stayed or restrained, in each case within
            30 days
            thereafter; (8) causes or is subject to any event with respect to it
            which,
            under the applicable laws of any jurisdiction, has an analogous effect
            to any of
            the events specified in clauses (1) to (7) (inclusive); or (9) takes
            any action
            in furtherance of, or indicating its consent to, approval of, or acquiescence
            in, any of the foregoing acts; or 

           

          (viii) Merger
            Without Assumption.
            The
            party or any Credit Support Provider of such party consolidates or amalgamates
            with, or merges with or into, or transfers all or substantially all its
            assets
            to, another entity and, at the time of such consolidation, amalgamation,
            merger
            or transfer: — 

           

          (1) the
            resulting, surviving or transferee entity fails to assume all the obligations
            of
            such party or such Credit Support Provider under this Agreement or any
            Credit
            Support Document to which it or its predecessor was a party by operation
            of law
            or pursuant to an agreement reasonably satisfactory to the other party
            to this
            Agreement; or 

           

          (2) the
            benefits of any Credit Support Document fail to extend (without the consent
            of
            the other party) to the performance by such resulting, surviving or transferee
            entity of its obligations under this Agreement. 

           

          (b) Termination
            Events.
            The
            occurrence at any time with respect to a party or, if applicable, any
            Credit
            Support Provider of such party or any Specified Entity of such party
            of any
            event specified below constitutes an Illegality if the event is specified
            in (i)
            below, a Tax Event if the event is specified in (ii) below or a Tax Event
            Upon
            Merger if the event is specified in (iii) below, and, if specified to
            be
            applicable, a Credit Event Upon Merger if the event is specified pursuant
            to
            (iv) below or an Additional Termination Event if the event is specified
            pursuant
            to (v) below:—

           

          
            
              
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          (i) Illegality.
            Due to
            the adoption of, or any change in, any applicable law after the date
            on which a
            Transaction is entered into, or due to the promulgation of, or any change
            in,
            the interpretation by any court, tribunal or regulatory authority with
            competent
            jurisdiction of any applicable law after such date, it becomes unlawful
            (other
            than as a result of a breach by the party of Section 4(b)) for such party
            (which
            will be the Affected Party): — 

           

          (1) to
            perform any absolute or contingent obligation to make a payment or delivery
            or
            to receive a payment or delivery in respect of such Transaction or to
            comply
            with any other material provision of this Agreement relating to such
            Transaction; or 

           

          (2) to
            perform, or for any Credit Support Provider of such party to perform,
            any
            contingent or other obligation which the party (or such Credit Support
            Provider)
            has under any Credit Support Document relating to such Transaction;

           

          (ii) Tax
            Event.
            Due to
            (x) any action taken by a taxing authority, or brought in a court of
            competent
            jurisdiction, on or after the date on which a Transaction is entered
            into
            (regardless of whether such action is taken or brought with respect to
            a party
            to this Agreement) or (y) a Change in Tax Law, the party (which will
            be the
            Affected Party) will, or there is a substantial likelihood that it will,
            on the
            next succeeding Scheduled Payment Date (1) be required to pay to the
            other party
            an additional amount in respect of an Indemnifiable Tax under Section
            2(d)(i)(4)
            (except in respect of interest under Section 2(e), 6(d)(ii) or 6(e))
            or (2)
            receive a payment from which an amount is required to be deducted or
            withheld
            for or on account of a Tax (except in respect of interest under Section
            2(e),
            6(d)(ii) or 6(e)) and no additional amount is required to be paid in
            respect of
            such Tax under Section 2(d)(i)(4) (other than by reason of Section 2(d)(i)(4)(A)
            or (B)); 

           

          (iii) Tax
            Event Upon Merger.
            The
            party (the “Burdened Party”) on the next succeeding Scheduled Payment Date will
            either (1) be required to pay an additional amount in respect of an
            Indemnifiable Tax under Section 2(d)(i)(4) (except in respect of interest
            under
            Section 2(e), 6(d)(ii) or 6(e)) or (2) receive a payment from which an
            amount
            has been deducted or withheld for or on account of any Indemnifiable
            Tax in
            respect of which the other party is not required to pay an additional
            amount
            (other than by reason of Section 2(d)(i)(4)(A) or (B)), in either case
            as a
            result of a party consolidating or amalgamating with, or merging with
            or into,
            or transferring all or substantially all its assets to, another entity
            (which
            will be the Affected Party) where such action does not constitute an
            event
            described in Section 5(a)(viii); 

           

          (iv) Credit
            Event Upon Merger.
            If
“Credit Event Upon Merger” is specified in the Schedule as applying to the
            party, such party (“X”), any Credit Support Provider of X or any applicable
            Specified Entity of X consolidates or amalgamates with, or merges with
            or into,
            or transfers all or substantially all its assets to, another entity and
            such
            action does not constitute an event described in Section 5(a)(viii) but
            the
            creditworthiness of the resulting, surviving or transferee entity is
            materially
            weaker than that of X, such Credit Support Provider or such Specified
            Entity, as
            the case may be, immediately prior to such action (and, in such event,
            X or its
            successor or transferee, as appropriate, will be the Affected Party);
            or

           

          (v) Additional
            Termination Event.
            If any
“Additional Termination Event” is specified in the Schedule or any Confirmation
            as applying, the occurrence of such event (and, in such event, the Affected
            Party or Affected Parties shall be as specified for such Additional Termination
            Event in the Schedule or such Confirmation).

           

          
            (c)
Event
              of Default and Illegality.
              If an
              event or circumstance which would otherwise constitute or give rise
              to an Event
              of Default also constitutes an Illegality, it will be treated as an
              Illegality
              and will not constitute an Event of

            Default.

          

          
             

            
              
                
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                    6.

                  	
                    Early
                      Termination 

                  

          

           

          (a) Right
            to Terminate Following Event of Default.
            If at
            any time an Event of Default with respect to a party (the “Defaulting Party”)
            has occurred and is then continuing, the other party (the “Non-defaulting
            Party”) may, by not more than 20 days notice to the Defaulting Party specifying
            the relevant Event of Default, designate a day not earlier than the day
            such
            notice is effective as an Early Termination Date in respect of all outstanding
            Transactions. If, however, “Automatic Early Termination” is specified in the
            Schedule as applying to a party, then an Early Termination Date in respect
            of
            all outstanding Transactions will occur immediately upon the occurrence
            with
            respect to such party of an Event of Default specified in Section 5(a)(vii)(1),
            (3), (5), (6) or, to the extent analogous thereto, (8), and as of the
            time
            immediately preceding the institution of the relevant proceeding or the
            presentation of the relevant petition upon the occurrence with respect
            to such
            party of an Event of Default specified in Section 5(a)(vii)(4) or, to
            the extent
            analogous thereto, (8). 

           

          
            (b)
              Right to Terminate Following Termination
              Event.

          

           

          (i) Notice.
            If a
            Termination Event occurs, an Affected Party will, promptly upon becoming
            aware
            of it, notify the other party, specifying the nature of that Termination
            Event
            and each Affected Transaction and will also give such other information
            about
            that Termination Event as the other party may reasonably require. 

           

          (ii) Transfer
            to Avoid Termination Event.
            If
            either an Illegality under Section 5(b)(i)(1) or a Tax Event occurs and
            there is
            only one Affected Party, or if a Tax Event Upon Merger occurs and the
            Burdened
            Party is the Affected Party, the Affected Party will, as a condition
            to its
            right to designate an Early Termination Date under Section 6(b)(iv),
            use all
            reasonable efforts (which will not require such party to incur a loss,
            excluding
            immaterial, incidental expenses) to transfer within 20 days after it
            gives
            notice under Section 6(b)(i) all its rights and obligations under this
            Agreement
            in respect of the Affected Transactions to another of its Offices or
            Affiliates
            so that such Termination Event ceases to exist. 

           

          If
            the
            Affected Party is not able to make such a transfer it will give notice
            to the
            other party to that effect within such 20 day period, whereupon the other
            party
            may effect such a transfer within 30 days after the notice is given under
            Section 6(b)(i). 

           

          Any
            such
            transfer by a party under this Section 6(b)(ii) will be subject to and
            conditional upon the prior written consent of the other party, which
            consent
            will not be withheld if such other party’s policies in effect at such time would
            permit it to enter into transactions with the transferee on the terms
            proposed.

           

          (iii) Two
            Affected Parties.
            If an
            Illegality under Section 5(b)(i)(1) or a Tax Event occurs and there are
            two
            Affected Parties, each party will use all reasonable efforts to reach
            agreement
            within 30 days after notice thereof is given under Section 6(b)(i) on
            action to
            avoid that Termination Event. 

           

          (iv) Right
            to Terminate. If:
—
            

           

          (1) a
            transfer under Section 6(b)(ii) or an agreement under Section 6(b)(iii),
            as the
            case may be, has not been effected with respect to all Affected Transactions
            within 30 days after an Affected Party gives notice under Section 6(b)(i);
            or

           

          (2) an
            Illegality under Section 5(b)(i)(2), a Credit Event Upon Merger or an
            Additional
            Termination Event occurs, or a Tax Event Upon Merger occurs and the Burdened
            Party is not the Affected Party, 

           

          either
            party in the case of an Illegality, the Burdened Party in the case of
            a Tax
            Event Upon Merger, any Affected Party in the case of a Tax Event or an
            Additional Termination Event if there is more than one Affected Party,
            or the
            party which is not the Affected Party in the case of a Credit Event Upon
            Merger
            or an Additional Termination Event if there is only one Affected Party
            may, by
            not more than 20 days notice to the other party and provided that the
            relevant
            Termination Event is then continuing, designate a day not earlier than
            the day
            such notice is effective as an Early Termination Date in respect of all
            Affected
            Transactions. 

           

          
            
              
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            (c)
Effect
              of Designation. 

          

           

          (i) If
            notice
            designating an Early Termination Date is given under Section 6(a) or
            (b), the
            Early Termination Date will occur on the date so designated, whether
            or not the
            relevant Event of Default or Termination Event is then continuing. 

           

          (ii) Upon
            the
            occurrence or effective designation of an Early Termination Date, no
            further
            payments or deliveries under Section 2(a)(i) or 2(e) in respect of the
            Terminated Transactions will be required to be made, but without prejudice
            to
            the other provisions of this Agreement. The amount, if any, payable in
            respect
            of an Early Termination Date shall be determined pursuant to Section
            6(e).

           

          
            (d)
              Calculations.

          

           

          (i) Statement.
            On or as
            soon as reasonably practicable following the occurrence of an Early Termination
            Date, each party will make the calculations on its part, if any, contemplated
            by
            Section 6(e) and will provide to the other party a statement (1) showing,
            in
            reasonable detail, such calculations (including all relevant quotations
            and
            specifying any amount payable under Section 6(e)) and (2) giving details
            of the
            relevant account to which any amount payable to it is to be paid. In
            the absence
            of written confirmation from the source of a quotation obtained in determining
            a
            Market Quotation, the records of the party obtaining such quotation will
            be
            conclusive evidence of the existence and accuracy of such quotation.
            

           

          (ii) Payment
            Date.
            An
            amount calculated as being due in respect of any Early Termination Date
            under
            Section 6(e) will be payable on the day that notice of the amount payable
            is
            effective (in the case of an Early Termination Date which is designated
            or
            occurs as a result of an Event of Default) and on the day which is two
            Local
            Business Days after the day on which notice of the amount payable is
            effective
            (in the case of an Early Termination Date which is designated as a result
            of a
            Termination Event). Such amount will be paid together with (to the extent
            permitted under applicable law) interest thereon (before as well as after
            judgment) in the Termination Currency, from (and including) the relevant
            Early
            Termination Date to (but excluding) the date such amount is paid, at
            the
            Applicable Rate. Such interest will be calculated on the basis of daily
            compounding and the actual number of days elapsed. 

           

          
            (e)
              Payments on Early Termination.
              If an
              Early Termination Date occurs, the following provisions shall apply
              based on the
              parties’ election in the Schedule of a payment measure, either “Market
              Quotation” or “Loss”, and a payment method, either the “First Method” or the
“Second Method”. If the parties fail to designate a payment measure or payment
              method in the Schedule, it will be deemed that “Market Quotation” or the “Second
              Method”, as the case may be, shall apply. The amount, if any, payable in respect
              of an Early Termination Date and determined pursuant to this Section
              will be
              subject to any Set-off

             

          

          (i) Events
            of Default.
            If the
            Early Termination Date results from an Event of Default: — 

           

          (1) First
            Method and Market Quotation.
            If the
            First Method and Market Quotation apply, the Defaulting Party will pay
            to the
            Non-defaulting Party the excess, if a positive number, of (A) the sum
            of the
            Settlement Amount (determined by the Non-defaulting Party) in respect
            of the
            Terminated Transactions and the Termination Currency Equivalent of the
            Unpaid
            Amounts owing to the Non-defaulting Party over (B) the Termination Currency
            Equivalent of the Unpaid Amounts owing to the Defaulting Party. 

           

          (2) First
            Method and Loss.
            If the
            First Method and Loss apply, the Defaulting Party will pay to the Non-defaulting
            Party, if a positive number, the Non- defaulting Party’s Loss in respect of this
            Agreement. 

           

          (3) Second
            Method and Market Quotation.
            If the
            Second Method and Market Quotation apply, an amount will be payable equal
            to (A)
            the sum of the Settlement Amount (determined by the Non-defaulting Party)
            in
            respect of the Terminated Transactions and the Termination Currency Equivalent
            of the Unpaid Amounts owing to the Non-defaulting Party less (B) the
            Termination
            Currency Equivalent of the Unpaid Amounts owing to the Defaulting Party.
            If that
            amount is a positive number, the Defaulting Party will pay it to the
            Non-defaulting Party; if it is a negative number, the Non-defaulting
            Party will
            pay the absolute value of that amount to the Defaulting Party. 

           

          
            
              
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          (4) Second
            Method and Loss.
            If the
            Second Method and Loss apply, an amount will be payable equal to the
            Non-defaulting Party’s Loss in respect of this Agreement. If that amount is a
            positive number, the Defaulting Party will pay it to the Non-defaulting
            Party;
            if it is a negative number, the Non-defaulting Party will pay the absolute
            value
            of that amount to the Defaulting Party. 

           

          (ii) Termination
            Events.
            If the
            Early Termination Date results from a Termination Event: — 

           

          (1) One
            Affected Party.
            If there
            is one Affected Party, the amount payable will be determined in accordance
            with
            Section 6(e)(i)(3), if Market Quotation applies, or Section 6(e)(i)(4),
            if Loss
            applies, except that, in either case, references to the Defaulting Party
            and to
            the Non-defaulting Party will be deemed to be references to the Affected
            Party
            and the party which is not the Affected Party, respectively, and, if
            Loss
            applies and fewer than all the Transactions are being terminated, Loss
            shall be
            calculated in respect of all Terminated Transactions. 

           

          (2) Two
            Affected Parties.
            If there
            are two Affected Parties: — 

           

          (A) if
            Market
            Quotation applies, each party will determine a Settlement Amount in respect
            of
            the Terminated Transactions, and an amount will be payable equal to (I)
            the sum
            of (a) one-half of the difference between the Settlement Amount of the
            party
            with the higher Settlement Amount (“X”) and the Settlement Amount of the party
            with the lower Settlement Amount (“Y”) and (b) the Termination Currency
            Equivalent of the Unpaid Amounts owing to X less (II) the Termination
            Currency
            Equivalent of the Unpaid Amounts owing to Y; and 

           

          (B) if
            Loss
            applies, each party will determine its Loss in respect of this Agreement
            (or, if
            fewer than all the Transactions are being terminated, in respect of all
            Terminated Transactions) and an amount will be payable equal to one-half
            of the
            difference between the Loss of the party with the higher Loss (“X”) and the Loss
            of the party with the lower Loss (“Y”). 

           

          If
            the
            amount payable is a positive number, Y will pay it to X; if it is a negative
            number, X will pay the absolute value of that amount to Y. 

           

          (iii) Adjustment
            for Bankruptcy.
            In
            circumstances where an Early Termination Date occurs because “Automatic Early
            Termination” applies in respect of a party, the amount determined under this
            Section 6(e) will be subject to such adjustments as are appropriate and
            permitted by law to reflect any payments or deliveries made by one party
            to the
            other under this Agreement (and retained by such other party) during
            the period
            from the relevant Early Termination Date to the date for payment determined
            under Section 6(d)(ii). 

           

          (iv) Pre-Estimate.
            The
            parties agree that if Market Quotation applies an amount recoverable
            under this
            Section 6(e) is a reasonable pre-estimate of loss and not a penalty.
            Such amount
            is payable for the loss of bargain and the loss of protection against
            future
            risks and except as otherwise provided in this Agreement neither party
            will be
            entitled to recover any additional damages as a consequence of such losses.
            

          
             

            
              
                
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                    7.

                  	
                    Transfer
                      

                  

          

           

          Subject
            to Section 6(b)(ii), neither this Agreement nor any interest or obligation
            in or
            under this Agreement may be transferred (whether by way of security or
            otherwise) by either party without the prior written consent of the other
            party,
            except that: — 

           

          (a) a
            party
            may make such a transfer of this Agreement pursuant to a consolidation
            or
            amalgamation with, or merger with or into, or transfer of all or substantially
            all its assets to, another entity (but without prejudice to any other
            right or
            remedy under this Agreement); and 

           

          (b) a
            party
            may make such a transfer of all or any part of its interest in any amount
            payable to it from a Defaulting Party under Section 6(e). 

           

          Any
            purported transfer that is not in compliance with this Section will be
            void.

           

          
            	
                    8.

                  	
                    Contractual
                      Currency 

                  

          

           

          (a) Payment
            in the Contractual Currency.
            Each
            payment under this Agreement will be made in the relevant currency specified
            in
            this Agreement for that payment (the “Contractual Currency”). To the extent
            permitted by applicable law, any obligation to make payments under this
            Agreement in the Contractual Currency will not be discharged or satisfied
            by any
            tender in any currency other than the Contractual Currency, except to
            the extent
            such tender results in the actual receipt by the party to which payment
            is owed,
            acting in a reasonable manner and in good faith in converting the currency
            so
            tendered into the Contractual Currency, of the full amount in the Contractual
            Currency of all amounts payable in respect of this Agreement. If for
            any reason
            the amount in the Contractual Currency so received falls short of the
            amount in
            the Contractual Currency payable in respect of this Agreement, the party
            required to make the payment will, to the extent permitted by applicable
            law,
            immediately pay such additional amount in the Contractual Currency as
            may be
            necessary to compensate for the shortfall. If for any reason the amount
            in the
            Contractual Currency so received exceeds the amount in the Contractual
            Currency
            payable in respect of this Agreement, the party receiving the payment
            will
            refund promptly the amount of such excess. 

           

          (b) Judgments.
            To the
            extent permitted by applicable law, if any judgment or order expressed
            in a
            currency other than the Contractual Currency is rendered (i) for the
            payment of
            any amount owing in respect of this Agreement, (ii) for the payment of
            any
            amount relating to any early termination in respect of this Agreement
            or (iii)
            in respect of a judgment or order of another court for the payment of
            any amount
            described in (i) or (ii) above, the party seeking recovery, after recovery
            in
            full of the aggregate amount to which such party is entitled pursuant
            to the
            judgment or order, will be entitled to receive immediately from the other
            party
            the amount of any shortfall of the Contractual Currency received by such
            party
            as a consequence of sums paid in such other currency and will refund
            promptly to
            the other party any excess of the Contractual Currency received by such
            party as
            a consequence of sums paid in such other currency if such shortfall or
            such
            excess arises or results from any variation between the rate of exchange
            at
            which the Contractual Currency is converted into the currency of the
            judgment or
            order for the purposes of such judgment or order and the rate of exchange
            at
            which such party is able, acting in a reasonable manner and in good faith
            in
            converting the currency received into the Contractual Currency, to purchase
            the
            Contractual Currency with the amount of the currency of the judgment
            or order
            actually received by such party. The term “rate of exchange” includes, without
            limitation, any premiums and costs of exchange payable in connection
            with the
            purchase of or conversion into the Contractual Currency. 

           

          (c) Separate
            Indemnities.
            To the
            extent permitted by applicable law, these indemnities constitute separate
            and
            independent obligations from the other obligations in this Agreement,
            will be
            enforceable as separate and independent causes of action, will apply
            notwithstanding any indulgence granted by the party to which any payment
            is owed
            and will not be affected by judgment being obtained or claim or proof
            being made
            for any other sums payable in respect of this Agreement.

           

          (d) Evidence
            of Loss.
            For
the
            purpose
            of this Section 8, it will be sufficient for a party to demonstrate that
            it
            would have suffered a loss had an actual exchange or purchase been made.
            

          
             

            
              
                
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                    9.

                  	
                    Miscellaneous
                      

                  

          

           

          (a) Entire
            Agreement.
            This
            Agreement constitutes the entire agreement and understanding of the parties
            with
            respect to its subject matter and supersedes all oral communication and
            prior
            writings with respect thereto. 

           

          (b) Amendments.
            No
            amendment, modification or waiver in respect of this Agreement will be
            effective
            unless in writing (including a writing evidenced by a facsimile transmission)
            and executed by each of the parties or confirmed by an exchange of telexes
            or
            electronic messages on an electronic messaging system. 

           

          (c) Survival
            of Obligations.
            Without
            prejudice to Sections 2(a)(iii) and 6(c)(ii), the obligations of the
            parties
            under this Agreement will survive the termination of any Transaction.
            

           

          (d) Remedies
            Cumulative.
            Except
            as provided in this Agreement, the rights, powers, remedies and privileges
            provided in this Agreement are cumulative and not exclusive of any rights,
            powers, remedies and privileges provided by law. 

           

          (e) Counterparts
            and Confirmations. 

           

          (i) This
            Agreement (and each amendment, modification and waiver in respect of
            it) may be
            executed and delivered in counterparts (including by facsimile transmission),
            each of which will be deemed an original. 

           

          (ii) The
            parties intend that they are legally bound by the terms of each Transaction
            from
            the moment they agree to those terms (whether orally or otherwise). A
            Confirmation shall he entered into as soon as practicable and may he
            executed
            and delivered in counterparts (including by facsimile transmission) or
            be
            created by an exchange of telexes or by an exchange of electronic messages
            on an
            electronic messaging system, which in each case will be sufficient for
            all
            purposes to evidence a binding supplement to this Agreement. The parties
            will
            specify therein or through another effective means that any such counterpart,
            telex or electronic message constitutes a Confirmation. 

           

          (f) No
            Waiver of Rights.
            A
            failure or delay in exercising any right, power or privilege in respect
            of this
            Agreement will not be presumed to operate as a waiver, and a single or
            partial
            exercise of any right, power or privilege will not be presumed to preclude
            any
            subsequent or further exercise, of that right, power or privilege or
            the
            exercise of any other right, power or privilege. 

           

          (g) Headings.
            The
            headings used in this Agreement are for convenience of reference only
            and are
            not to affect the construction of or to be taken into consideration in
            interpreting this Agreement. 

           

          
            	
                    10.

                  	
                    Offices;
                      Multibranch Parties 

                  

          

           

          (a) If
            Section 10(a) is specified in the Schedule as applying, each party that
            enters
            into a Transaction through an Office other than its head or home office
            represents to the other party that, notwithstanding the place of booking
            office
            or jurisdiction of incorporation or organisation of such party, the obligations
            of such party are the same as if it had entered into the Transaction
            through its
            head or home office. This representation will be deemed to be repeated
            by such
            party on each date on which a Transaction is entered into. 

           

          (b) Neither
            party may change the Office through which it makes and receives payments
            or
            deliveries for the purpose of a Transaction without the prior written
            consent of
            the other party. 

           

          (c) If
            a
            party is specified as a Multibranch Party in the Schedule, such Multibranch
            Party may make and receive payments or deliveries under any Transaction
            through
            any Office listed in the Schedule, and the Office through which it makes
            and
            receives payments or deliveries with respect to a Transaction will be
            specified
            in the relevant Confirmation. 

          
             

            
              
                
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                    11.

                  	
                    Expenses
                      

                  

          

           

          A
            Defaulting Party will, on demand, indemnify and hold harmless the other
            party
            for and against all reasonable out-of-pocket expenses, including legal
            fees and
            Stamp Tax, incurred by such other party by reason of the enforcement
            and
            protection of its rights under this Agreement or any Credit Support Document
            to
            which the Defaulting Party is a party or by reason of the early termination
            of
            any Transaction, including, but not limited to, costs of collection.
            

           

          
            	
                    12.

                  	
                    Notices
                      

                  

          

           

          (a) Effectiveness.
            Any
            notice or other communication in respect of this Agreement may be given
            in any
            manner set forth below (except that a notice or other communication under
            Section 5 or 6 may not be given by facsimile transmission or electronic
            messaging system) to the address or number or in accordance with the
            electronic
            messaging system details provided (see the Schedule) and will be deemed
            effective as indicated:— 

           

          (i) if
            in
            writing and delivered in person or by courier, on the date it is delivered;
            

           

          (ii) if
            sent
            by telex, on the date the recipient’s answerback is received; 

           

          (iii) if
            sent
            by facsimile transmission, on the date that transmission is received
            by a
            responsible employee of the recipient in legible form (it being agreed
            that the
            burden of proving receipt will be on the sender and will not be met by
            a
            transmission report generated by the sender’s facsimile machine); 

           

          (iv) if
            sent
            by certified or registered mail (airmail, if overseas) or the equivalent
            (return
            receipt requested), on the date that mail is delivered or its delivery
            is
            attempted; or 

           

          (v) if
            sent
            by electronic messaging system, on the date that electronic message is
            received,

           

          unless
            the date of that delivery (or attempted delivery) or that receipt, as
            applicable, is not a Local Business Day or that communication is delivered
            (or
            attempted) or received, as applicable, after the close of business on
            a Local
            Business Day, in which case that communication shall be deemed given
            and
            effective on the first following day that is a Local Business Day. 

           

          (b) Change
            of Addresses.
            Either
            party may by notice to the other change the address, telex or facsimile
            number
            or electronic messaging system details at which notices or other communications
            are to be given to it. 

           

          
            	
                    13.

                  	
                    Governing
                      Law and Jurisdiction 

                  

          

           

          (a) Governing
            Law.
            This
            Agreement will be governed by and construed in accordance with the law
            specified
            in the Schedule. 

           

          (b) Jurisdiction.
            With
            respect to any suit, action or proceedings relating to this Agreement
            (“Proceedings”), each party irrevocably:— 

           

          (i) submits
            to the jurisdiction of the English courts, if this Agreement is expressed
            to be
            governed by English law, or to the non- exclusive jurisdiction of the
            courts of
            the State of New York and the United States District Court located in
            the
            Borough of Manhattan in New York City, if this Agreement is expressed
            to be
            governed by the laws of the State of New York; and 

           

          (ii) waives
            any objection which it may have at any time to the laying of venue of
            any
            Proceedings brought in any such court, waives any claim that such Proceedings
            have been brought in an inconvenient forum and further waives the right
            to
            object, with respect to such Proceedings, that such court does not have
            any
            jurisdiction over such party. 

           

          Nothing
            in this Agreement precludes either party from bringing Proceedings in
            any other
            jurisdiction (outside, if this Agreement is expressed to be governed
            by English
            law, the Contracting States, as defined in Section 1(3) of the Civil
            Jurisdiction and Judgments Act 1982 or any modification, extension or
            re-
            enactment thereof for the time being in force) nor will the bringing
            of
            Proceedings in any one or more jurisdictions preclude the bringing of
            Proceedings in any other jurisdiction. 

           

          
            
              
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          (c) Service
            of Process.
            Each
            party irrevocably appoints the Process Agent (if any) specified opposite
            its
            name in the Schedule to receive, for it and on its behalf, service of
            process in
            any Proceedings. If for any reason any party’s Process Agent is unable to act as
            such, such party will promptly notify the other party and within 30 days
            appoint
            a substitute process agent acceptable to the other party. The parties
            irrevocably consent to service of process given in the manner provided
            for
            notices in Section 12. Nothing in this Agreement will affect the right
            of either
            party to serve process in any other manner permitted by law. 

           

          (d) Waiver
            of Immunities.
            Each
            party irrevocably waives, to the fullest extent permitted by applicable
            law,
            with respect to itself and its revenues and assets (irrespective of their
            use or
            intended use), all immunity on the grounds of sovereignty or other similar
            grounds from (i) suit, (ii) jurisdiction of any court, (iii) relief by
            way of
            injunction, order for specific performance or for recovery of property,
            (iv)
            attachment of its assets (whether before or after judgment) and (v) execution
            or
            enforcement of any judgment to which it or its revenues or assets might
            otherwise be entitled in any Proceedings in the courts of any jurisdiction
            and
            irrevocably agrees, to the extent permitted by applicable law, that it
            will not
            claim any such immunity in any Proceedings.

           

          
            	
                    14.

                  	
                    Definitions
                      

                  

          

           

          As
            used
            in this Agreement:— 

           

          “Additional
            Termination Event”
            has the
            meaning specified in Section 5(b). 

           

          “Affected
            Party”
            has the
            meaning specified in Section 5(b). 

           

          “Affected
            Transactions”
            means
            (a) with respect to any Termination Event consisting of an Illegality,
            Tax Event
            or Tax Event Upon Merger, all Transactions affected by the occurrence
            of such
            Termination Event and (b) with respect to any other Termination Event,
            all
            Transactions. 

           

          “Affiliate”
            means,
            subject to the Schedule, in relation to any person, any entity controlled,
            directly or indirectly, by the person, any entity that controls, directly
            or
            indirectly, the person or any entity directly or indirectly under common
            control
            with the person. For this purpose, “control” of any entity or person means
            ownership of a majority of the voting power of the entity or person.
            

           

          “Applicable
            Rate”
            means:—

           

          (a) in
            respect of obligations payable or deliverable (or which would have been
            but for
            Section 2(a)(iii)) by a Defaulting Party, the Default Rate; 

           

          (b) in
            respect of an obligation to pay an amount under Section 6(e) of either
            party
            from and after the date (determined in accordance with Section 6(d)(ii))
            on
            which that amount is payable, the Default Rate; 

           

          (c) in
            respect of all other obligations payable or deliverable (or which would
            have
            been but for Section 2(a)(iii)) by a Non-defaulting Party, the Non-default
            Rate;
            and 

           

          (d) in
            all
            other cases, the Termination Rate. 

           

          “Burdened
            Party”
has
            the
            meaning specified in Section 5(b). 

           

          “Change
            in Tax Law”
            means
            the enactment, promulgation, execution or ratification of, or any change
            in or
            amendment to, any law (or in the application or official interpretation
            of any
            law) that occurs on or after the date on which the relevant Transaction
            is
            entered into. 

           

          “consent”
            includes
            a consent, approval, action, authorisation, exemption, notice, filing,
            registration or exchange control consent. 

           

          “Credit
            Event Upon Merger”
            has the
            meaning specified in Section 5(b). 

           

          “Credit
            Support Document”
            means
            any agreement or instrument that is specified as such in this Agreement.
            

           

          “Credit
            Support Provider”
            has the
            meaning specified in the Schedule. 

           

          “Default
            Rate”
            means a
            rate per annum equal to the cost (without proof or evidence of any actual
            cost)
            to the relevant payee (as certified by it) if it were to fund or of funding
            the
            relevant amount plus 1% per annum. 

           

          
            
              
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          “Defaulting
            Party”
            has the
            meaning specified in Section 6(a). 

           

          “Early
            Termination Date”
            means
            the date determined in accordance with Section 6(a) or 6(b)(iv). 

           

          “Event
            of Default”
            has the
            meaning specified in Section 5(a) and, if applicable, in the Schedule.
            

           

          “Illegality”
            has the
            meaning specified in Section 5(b). 

           

          “Indemnifiable
            Tax”
            means
            any Tax other than a Tax that would not be imposed in respect of a payment
            under
            this Agreement but for a present or former connection between the jurisdiction
            of the government or taxation authority imposing such Tax and the recipient
            of
            such payment or a person related to such recipient (including, without
            limitation, a connection arising from such recipient or related person
            being or
            having been a citizen or resident of such jurisdiction, or being or having
            been
            organised, present or engaged in a trade or business in such jurisdiction,
            or
            having or having had a permanent establishment or fixed place of business
            in
            such jurisdiction, but excluding a connection arising solely from such
            recipient
            or related person having executed, delivered, performed its obligations
            or
            received a payment under, or enforced, this Agreement or a Credit Support
            Document). 

           

          “law”
            includes
            any treaty, law, rule or regulation (as modified, in the case of tax
            matters, by
            the practice of any relevant governmental revenue authority) and “lawful” and
“unlawful” will be construed accordingly. 

           

          “Local
            Business Day”
            means,
            subject to the Schedule, a day on which commercial banks are open for
            business
            (including dealings in foreign exchange and foreign currency deposits)
            (a) in
            relation to any obligation under Section 2(a)(i), in the place(s) specified
            in
            the relevant Confirmation or, if not so specified, as otherwise agreed
            by the
            parties in writing or determined pursuant to provisions contained, or
            incorporated by reference, in this Agreement, (b) in relation to any
            other
            payment, in the place where the relevant account is located and, if different,
            in the principal financial centre, if any, of the currency of such payment,
            (c)
            in relation to any notice or other communication, including notice contemplated
            under Section 5(a)(i), in the city specified in the address for notice
            provided
            by the recipient and, in the case of a notice contemplated by Section
            2(b), in
            the place where the relevant new account is to be located and (d) in
            relation to
            Section 5(a)(v)(2), in the relevant locations for performance with respect
            to
            such Specified Transaction. 

           

          “Loss”
            means,
            with respect to this Agreement or one or more Terminated Transactions,
            as the
            case may be, and a party, the Termination Currency Equivalent of an amount
            that
            party reasonably determines in good faith to be its total losses and
            costs (or
            gain, in which case expressed as a negative number) in connection with
            this
            Agreement or that Terminated Transaction or group of Terminated Transactions,
            as
            the case may be, including any loss of bargain, cost of funding or, at
            the
            election of such party but without duplication, loss or cost incurred
            as a
            result of its terminating, liquidating, obtaining or reestablishing any
            hedge or
            related trading position (or any gain resulting from any of them). Loss
            includes
            losses and costs (or gains) in respect of any payment or delivery required
            to
            have been made (assuming satisfaction of each applicable condition precedent)
            on
            or before the relevant Early Termination Date and not made, except, so
            as to
            avoid duplication, if Section 6(e)(i)(1) or (3) or 6(e)(ii)(2)(A) applies.
            Loss
            does not include a party’s legal fees and out-of-pocket expenses referred to
            under Section 11. A party will determine its Loss as of the relevant
            Early
            Termination Date, or, if that is not reasonably practicable, as of the
            earliest
            date thereafter as is reasonably practicable. A party may (but need not)
            determine its Loss by reference to quotations of relevant rates or prices
            from
            one or more leading dealers in the relevant markets. 

           

          “Market
            Quotation”
            means,
            with respect to one or more Terminated Transactions and a party making
            the
            determination, an amount determined on the basis of quotations from Reference
            Market-makers. Each quotation will be for an amount, if any, that would
            be paid
            to such party (expressed as a negative number) or by such party (expressed
            as a
            positive number) in consideration of an agreement between such party
            (taking
            into account any existing Credit Support Document with respect to the
            obligations of such party) and the quoting Reference Market-maker to
            enter into
            a transaction (the “Replacement Transaction”) that would have the effect of
            preserving for such party the economic equivalent of any payment or delivery
            (whether the underlying obligation was absolute or contingent and assuming
            the
            satisfaction of each applicable condition precedent) by the parties under
            Section 2(a)(i) in respect of such Terminated Transaction or group of
            Terminated
            Transactions that would, but for the occurrence of the relevant Early
            Termination Date, have been required after that date. For this purpose,
            Unpaid
            Amounts in respect of the Terminated Transaction or group of Terminated
            Transactions are to be excluded but, without limitation, any payment
            or delivery
            that would, but for the relevant Early Termination Date, have been required
            (assuming satisfaction of each applicable condition precedent) after
            that Early
            Termination Date is to be included. The Replacement Transaction would
            be subject
            to such documentation as such party and the Reference Market-maker may,
            in good
            faith, agree. The party making the determination (or its agent) will
            request
            each Reference Market-maker to provide its quotation to the extent reasonably
            practicable as of the same day and time (without regard to different
            time zones)
            on or as soon as reasonably practicable after the relevant Early Termination
            Date. The day and time as of which those quotations are to be obtained
            will be
            selected in good faith by the party obliged to make a determination under
            Section 6(e), and, if each party is so obliged, after consultation with
            the
            other. If more than three quotations are provided, the Market Quotation
            will be
            the arithmetic mean of the quotations, without regard to the quotations
            having
            the highest and lowest values. If exactly three such quotations are provided,
            the Market Quotation will be the quotation remaining after disregarding
            the
            highest and lowest quotations. For this purpose, if more than one quotation
            has
            the same highest value or lowest value, then one of such quotations shall
            be
            disregarded. If fewer than three quotations are provided, it will be
            deemed that
            the Market Quotation in respect of such Terminated Transaction or group
            of
            Terminated Transactions cannot be determined. 

           

          
            
              
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          “Non-default
            Rate”
            means a
            rate per annum equal to the cost (without proof or evidence of any actual
            cost)
            to the Non-defaulting Party (as certified by it) if it were to fund the
            relevant
            amount. 

           

          “Non-defaulting
            Party”
            has the
            meaning specified in Section 6(a). 

           

          “Office”
            means a
            branch or office of a party, which may be such party’s head or home office.

           

          “Potential
            Event of Default”
            means
            any event which, with the giving of notice or the lapse of time or both,
            would
            constitute an Event of Default. 

           

          “Reference
            Market-makers”
            means
            four leading dealers in the relevant market selected by the party determining
            a
            Market Quotation in good faith (a) from among dealers of the highest
            credit
            standing which satisfy all the criteria that such party applies generally
            at the
            time in deciding whether to offer or to make an extension of credit and
            (b) to
            the extent practicable, from among such dealers having an office in the
            same
            city. 

           

          “Relevant
            Jurisdiction”
            means,
            with respect to a party, the jurisdictions (a) in which the party is
            incorporated, organised, managed and controlled or considered to have
            its seat,
            (b) where an Office through which the party is acting for purposes of
            this
            Agreement is located, (c) in which the party executes this Agreement
            and (d) in
            relation to any payment, from or through which such payment is made.
            

           

          “Scheduled
            Payment Date”
            means a
            date on which a payment or delivery is to be made under Section 2(a)(i)
            with
            respect to a Transaction. 

           

          “Set-off”
            means
            set-off, offset, combination of accounts, right of retention or withholding
            or
            similar right or requirement to which the payer of an amount under Section
            6 is
            entitled or subject (whether arising under this Agreement, another contract,
            applicable law or otherwise) that is exercised by, or imposed on, such
            payer.

           

          “Settlement
            Amount”
            means,
            with respect to a party and any Early Termination Date, the sum of: —

           

          (a) the
            Termination Currency Equivalent of the Market Quotations (whether positive
            or
            negative) for each Terminated Transaction or group of Terminated Transactions
            for which a Market Quotation is determined; and 

           

          (b) such
            party’s Loss (whether positive or negative and without reference to any Unpaid
            Amounts) for each Terminated Transaction or group of Terminated Transactions
            for
            which a Market Quotation cannot be determined or would not (in the reasonable
            belief of the party making the determination) produce a commercially
            reasonable
            result. 

           

          “Specified
            Entity”
            has the
            meanings specified in the Schedule. 

           

          “Specified
            Indebtedness”
            means,
            subject to the Schedule, any obligation (whether present or future, contingent
            or otherwise, as principal or surety or otherwise) in respect of borrowed
            money.

           

          
            
              
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          “Specified
            Transaction”
            means,
            subject to the Schedule, (a) any transaction (including an agreement
            with
            respect thereto) now existing or hereafter entered into between one party
            to
            this Agreement (or any Credit Support Provider of such party or any applicable
            Specified Entity of such party) and the other party to this Agreement
            (or any
            Credit Support Provider of such other party or any applicable Specified
            Entity
            of such other party) which is a rate swap transaction, basis swap, forward
            rate
            transaction, commodity swap, commodity option, equity or equity index
            swap,
            equity or equity index option, bond option, interest rate option, foreign
            exchange transaction, cap transaction, floor transaction, collar transaction,
            currency swap transaction, cross- currency rate swap transaction, currency
            option or any other similar transaction (including any option with respect
            to
            any of these transactions), (b) any combination of these transactions
            and (c)
            any other transaction identified as a Specified Transaction in this Agreement
            or
            the relevant confirmation. 

           

          “Stamp
            Tax”
            means
            any stamp, registration, documentation or similar tax. 

           

          “Tax”
            means
            any present or future tax, levy, impost, duty, charge, assessment or
            fee of any
            nature (including interest, penalties and additions thereto) that is
            imposed by
            any government or other taxing authority in respect of any payment under
            this
            Agreement other than a stamp, registration, documentation or similar
            tax.

           

          “Tax
            Event”
            has the
            meaning specified in Section 5(b). 

           

          “Tax
            Event Upon Merger”
            has the
            meaning specified in Section 5(b). 

           

          “Terminated
            Transactions”
            means
            with respect to any Early Termination Date (a) if resulting from a Termination
            Event, all Affected Transactions and (b) if resulting from an Event of
            Default,
            all Transactions (in either case) in effect immediately before the effectiveness
            of the notice designating that Early Termination Date (or, if “Automatic Early
            Termination” applies, immediately before that Early Termination Date).

           

          “Termination
            Currency”
            has the
            meaning specified in the Schedule. 

           

          “Termination
            Currency Equivalent”
            means,
            in respect of any amount denominated in the Termination Currency, such
            Termination Currency amount and, in respect of any amount denominated
            in a
            currency other than the Termination Currency (the “Other Currency”), the amount
            in the Termination Currency determined by the party making the relevant
            determination as being required to purchase such amount of such Other
            Currency
            as at the relevant Early Termination Date, or, if the relevant Market
            Quotation
            or Loss (as the case may be), is determined as of a later date, that
            later date,
            with the Termination Currency at the rate equal to the spot exchange
            rate of the
            foreign exchange agent (selected as provided below) for the purchase
            of such
            Other Currency with the Termination Currency at or about 11:00 a. m.
            (in the
            city in which such foreign exchange agent is located) on such date as
            would be
            customary for the determination of such a rate for the purchase of such
            Other
            Currency for value on the relevant Early Termination Date or that later
            date.
            The foreign exchange agent will, if only one party is obliged to make
            a
            determination under Section 6(e), be selected in good faith by that party
            and
            otherwise will be agreed by the parties. 

           

          “Termination
            Event”
            means an
            Illegality, a Tax Event or a Tax Event Upon Merger or, if specified to
            be
            applicable, a Credit Event Upon Merger or an Additional Termination Event.
            

           

          “Termination
            Rate”
            means a
            rate per annum equal to the arithmetic mean of the cost (without proof
            or
            evidence of any actual cost) to each party (as certified by such party)
            if it
            were to fund or of funding such amounts. 

           

          “Unpaid
            Amounts”
            owing to
            any party means, with respect to an Early Termination Date, the aggregate
            of (a)
            in respect of all Terminated Transactions, the amounts that became payable
            (or
            that would have become payable but for Section 2(a)(iii)) to such party
            under
            Section 2(a)(i) on or prior to such Early Termination Date and which
            remain
            unpaid as at such Early Termination Date and (b) in respect of each Terminated
            Transaction, for each obligation under Section 2(a)(i) which was (or
            would have
            been but for Section 2(a)(iii)) required to be settled by delivery to
            such party
            on or prior to such Early Termination Date and which has not been so
            settled as
            at such Early Termination Date, an amount equal to the fair market value
            of that
            which was (or would have been) required to be delivered as of the originally
            scheduled date for delivery, in each case together with (to the extent
            permitted
            under applicable law) interest, in the currency of such amounts, from
            (and
            including) the date such amounts or obligations were or would have been
            required
            to have been paid or performed to (but excluding) such Early Termination
            Date,
            at the Applicable Rate. Such amounts of interest will be calculated on
            the basis
            of daily compounding and the actual number of days elapsed. The fair
            market
            value of any obligation referred to in clause (b) above shall be reasonably
            determined by the party obliged to make the determination under Section
            6(e) or,
            if each party is so obliged, it shall be the average of the Termination
            Currency
            Equivalents of the fair market values reasonably determined by both
            parties.

           

          
            
              
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          IN
            WITNESS WHEREOF the parties have executed this document on the respective
            dates
            specified below with effect from the date specified on the first page
            of this
            document.

           

           

          

            
              	
                      BEAR
                        STEARNS FINANCIAL PRODUCTS INC.

                      (Name
                        of Party)

                       

                    	
                      DEUTSCHE
                        BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY,
                        BUT SOLELY AS
                        SUPPLEMENTAL INTEREST TRUST TRUSTEE ON BEHALF OF THE SUPPLEMENTAL
                        INTEREST
                        TRUST WITH RESPECT TO THE IMPAC SECURED ASSETS TRUST 2007-1,
                        IMPAC SECURED
                        ASSETS CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES
                        2007-1

                       (Name
                        of Party)

                    
	 	 
	 	 
	 	 
	
                      
                        By: 
                          _____________________________
Name:
                          
Title:
                          
Date:

                      

                    	
                      
                        By: 
                          _____________________________
Name:
                          
Title:
                          
Date:

                      

                    

            

          

          

        

        
          
            
            

          

          
            18

            
              

            

          

          
            
            

          

        

         

        

          SCHEDULE

          to
            the

          ISDA®

          International
            Swaps and Derivatives Association, Inc.

          MASTER
            AGREEMENT

          dated
            as
            of February 22, 2007

          

          

          between
            BEAR
            STEARNS FINANCIAL PRODUCTS INC.,
            a
            corporation organized under the laws of Delaware ("Party A"), and Deutsche
            Bank National Trust Company, not in its individual capacity, but solely
            as
            Supplemental Interest Trust Trustee (the “Supplemental Interest Trust Trustee”),
            on behalf of the Supplemental Interest Trust with respect to the Impac
            Secured
            Assets Trust 2007-1, Impac Secured Assets Corp., Mortgage Pass-Through
            Certificates, Series 2007-1.
            ("the
“Supplemental Interest Trust” or “Party B"). 

          

          Reference
            is hereby made to the Pooling and Servicing Agreement, dated as of February
            1,
            2007, among Impac Secured Assets Corp., as Depositor, Impac Funding Corporation,
            as Master Servicer and Deutsche Bank National Trust Company, as Trustee
            (the
“Pooling and Servicing Agreement”).

          

          
            	
                    Part
                      1.

                  	
                    Termination
                      Provisions.

                  

          

          

          For
            the
            purposes of this Agreement:-

          

          (a) “Specified
            Entity”
            will not
            apply to Party A or Party B for any purpose. 

          

          
            	
                    (b)

                  	
                    “Specified
                      Transaction”
                      will have the meaning specified in Section
                      14.

                  

          

          

          
            	
                    (c)

                  	
                    Events
                      of Default.

                  

          

          

          The
            statement below that an Event of Default will apply to a specific party
            means
            that upon the occurrence of such an Event of Default with respect to
            such party,
            the other party shall have the rights of a Non-defaulting Party under
            Section 6
            of this Agreement; conversely, the statement below that such event will
            not
            apply to a specific party means that the other party shall not have such
            rights.

          

          
            	 	
                    (i)

                  	
                    The
                      “Failure
                      to Pay or Deliver”
                      provisions of Section 5(a)(i) will apply to Party A and will
                      apply to
                      Party B; provided, however, that notwithstanding anything to
                      the contrary
                      in Section 5(a)(i) or in Paragraph 7 of the Credit Support
                      Annex, any
                      failure by Party A to comply with or perform any obligation
                      to be complied
                      with or performed by Party A under the Credit Support Annex
                      shall not
                      constitute an Event of Default under Section 5(a)(i) unless
                      (A) a Required
                      Ratings Downgrade Event has occurred and been continuing for
                      30 or more
                      Local Business Days and (B) such failure is not remedied on
                      or before the
                      third Local Business Day after notice of such failure is given
                      to Party
                      A.

                  

          

          

          
            	 	
                    (ii)

                  	
                    The
                      “Breach
                      of Agreement”
                      provisions of Section 5(a)(ii) will apply to Party A and will
                      not apply to
                      Party B.

                  

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

          
            	 	
                    (iii)

                  	
                    The
                      “Credit
                      Support Default”
                      provisions of Section 5(a)(iii) will apply to Party A and will
                      not apply
                      to Party B except that Section 5(a)(iii)(1) will apply to Party
                      B solely
                      in respect of Party B’s obligations under Paragraph 3(b) of the Credit
                      Support Annex; provided, however, that notwithstanding anything
                      to the
                      contrary in Section 5(a)(iii)(1), any failure by Party A to
                      comply with or
                      perform any obligation to be complied with or performed by
                      Party A under
                      the Credit Support Annex shall not constitute an Event of Default
                      under
                      Section 5(a)(iii) unless (A) a Required Ratings Downgrade Event
                      has
                      occurred and been continuing for 30 or more Local Business
                      Days and (B)
                      such failure is not remedied on or before the third Local Business
                      Day
                      after notice of such failure is given to Party
                      A.

                  

          

          

          
            	 	
                    (iv)

                  	
                    The
                      “Misrepresentation”
                      provisions of Section 5(a)(iv) will apply to Party A and will
                      not apply to
                      Party B. 

                  

          

          

          
            	 	
                    (v)

                  	
                    The
                      “Default
                      under Specified Transaction”
                      provisions of Section 5(a)(v) will apply to Party A and will
                      not apply to
                      Party B.

                  

          

          

          
            	 	
                    (vi)

                  	
                    The
                      “Cross
                      Default”
                      provisions of Section 5(a)(vi) will apply to Party A and will
                      not apply to
                      Party B. For purposes of Section 5(a)(vi), solely with respect
                      to Party
                      A:

                  

          

          

          “Specified
            Indebtedness” will have the meaning specified in Section 14.

          

          “Threshold
            Amount” means USD 100,000,000.

          

          
            	 	
                    (vii)

                  	
                    The
                      “Bankruptcy”
                      provisions of Section 5(a)(vii) will apply to Party A and will
                      apply to
                      Party B except that the provisions of Section 5(a)(vii)(2),
                      (6) (to the
                      extent that such provisions refer to any appointment contemplated
                      or
                      effected by the Pooling and Servicing Agreement or any appointment
                      to
                      which Party B has not become subject), (7) and (9) will not
                      apply to Party
                      B; provided that, with respect to Party B only, Section 5(a)(vii)(4)
                      is
                      hereby amended by adding after the words “against it” the words
                      “(excluding any proceeding or petition instituted or presented
                      by Party A
                      or its Affiliates)”, and Section 5(a)(vii)(8) is hereby amended by
                      deleting the words “to (7) inclusive” and inserting lieu thereof “, (3),
                      (4) as amended, (5), (6) as amended, or
                      (7)”.

                  

          

          

          
            	 	
                    (viii)

                  	
                    The
                      “Merger
                      Without Assumption”
                      provisions of Section 5(a)(viii) will apply to Party A and
                      will apply to
                      Party B.

                  

          

          

          (d) Termination
            Events.

          

          The
            statement below that a Termination Event will apply to a specific party
            means
            that upon the occurrence of such a Termination Event, if such specific
            party is
            the Affected Party with respect to a Tax Event, the Burdened Party with
            respect
            to a Tax Event Upon Merger (except as noted below) or the non-Affected
            Party
            with respect to a Credit Event Upon Merger, as the case may be, such
            specific
            party shall have the right to designate an Early Termination Date in
            accordance
            with Section 6 of this Agreement; conversely, the statement below that
            such an
            event will not apply to a specific party means that such party shall
            not have
            such right; provided, however, with respect to “Illegality” the statement that
            such event will apply to a specific party means that upon the occurrence
            of such
            a Termination Event with respect to such party, either party shall have
            the
            right to designate an Early Termination Date in accordance with Section
            6 of
            this Agreement.

          

          (i) The
            “Illegality”
            provisions of Section 5(b)(i) will apply to Party A and will apply to
            Party
            B.

          

          
            	 	
                    (ii)

                  	
                    The
                      “Tax
                      Event”
                      provisions of Section 5(b)(ii) will apply to Party A and will
                      apply to
                      Party B. 

                  

          

           

          Reference
            Numbers: FXNCC9218, FXNCC9219, FXNCC9220,
            FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227,
            FXNCC9228, FXNCC9229, FXNCC9238, FXNCC9239 and FXNSC9240.

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

             

          

          
            	 	
                    (iii)

                  	
                    The
                      “Tax
                      Event Upon Merger”
                      provisions of Section 5(b)(iii) will apply to Party A and will
                      apply to
                      Party B, provided that Party A shall not be entitled to designate
                      an Early
                      Termination Date by reason of a Tax Event upon Merger in respect
                      of which
                      it is the Affected Party.

                  

          

          

          
            	 	
                    (iv)

                  	
                    The
                      “Credit
                      Event Upon Merger”
                      provisions of Section 5(b)(iv) will not apply to Party A and
                      will not
                      apply to Party B.

                  

          

          

          
            	
                    (e)

                  	
                    The
                      “Automatic
                      Early Termination”
                      provision of Section 6(a) will not apply to Party A and will
                      not apply to
                      Party B.

                  

          

          

          (f)  Payments
            on Early Termination.
            For the
            purpose of Section 6(e) of this Agreement:

          

          
            	 	
                    (i)

                  	
                    The
                      Second Method will apply.

                  

          

          

          
            	 	
                    (ii)

                  	
                    Market
                      Quotation will apply, provided, however, that, if Party A is
                      the
                      Defaulting Party or the sole Affected Party, the following
                      provisions will
                      apply:

                  

          

          

          
            	 	
                    (A)

                  	
                    Section
                      6(e) is hereby amended by inserting on the first line thereof
                      the words
                      “or is effectively designated” after “If an Early Termination Date
                      occurs”;

                  

          

          

          
            	 	
                    (B)
                      

                  	
                    The
                      definition of Market Quotation in Section 14 shall be deleted
                      in its
                      entirety and replaced with the following:

                  

          

          

          “Market
            Quotation” means,
            with respect to one or more Terminated Transactions, and a party making
            the
            determination, an amount determined on the basis of one or more Firm
            Offers from
            Reference Market-makers that are Eligible Replacements. Each Firm Offer
            will be
            (1) for an amount that would be paid to Party B (expressed as a negative
            number)
            or by Party B (expressed as a positive number) in consideration of an
            agreement
            between Party B and such Reference Market-maker to enter into a Replacement
            Transaction, and (2) made on the basis that Unpaid Amounts in respect
            of the
            Terminated Transaction or group of Transactions are to be excluded but,
            without
            limitation, any payment or delivery that would, but for the relevant
            Early
            Termination Date, have been required (assuming satisfaction of each applicable
            condition precedent) after that Early Termination Date are to be included.
            The
            party making the determination (or its agent) will request each Reference
            Market-maker that is an Eligible Replacement to provide its Firm Offer
            to the
            extent reasonably practicable as of the same day and time (without regard
            to
            different time zones) on or as soon as reasonably practicable after the
            designation or occurrence of the relevant Early Termination Date. The
            day and
            time as of which those Firm Offers are to be provided (the “Bid Time”) will be
            selected in good faith by the party obliged to make a determination under
            Section 6(e), and, if each party is so obliged, after consultation with
            the
            other. If at least one Firm Offer from an Approved Replacement (which,
            if
            accepted, would determine the Market Quotation) is provided at the Bid
            Time, the
            Market Quotation will be the Firm Offer (among such Firm Offers as specified
            in
            clause (C) below) actually accepted by Party B no later than the Business
            Day
            immediately preceding the Early Termination Date. If no Firm Offer from
            an
            Approved Replacement (which, if accepted, would determine the Market
            Quotation)
            is provided at the Bid Time, it will be deemed that the Market Quotation
            in
            respect of such Terminated Transaction or group of Transactions cannot
            be
            determined.

          

          
            	 	
                    (C)

                  	
                    If
                      more than one Firm Offer from an Approved Replacement (which,
                      if accepted,
                      would determine the Market Quotation) is provided at
                      the Bid
                      Time, Party B shall accept the Firm Offer (among such Firm
                      Offers) which
                      would require either (x) the lowest payment by Party B to the
                      Reference
                      Market-maker, to the extent Party B would be required to make
                      a payment to
                      the Reference Market-maker or (y) the highest payment from
                      the Reference
                      Market-maker to Party B, to the extent the Reference Market-maker
                      would be
                      required to make a payment to Party B. If only one Firm Offer
                      from an
                      Approved Replacement (which, if accepted, would determine the
                      Market
                      Quotation) is provided at the Bid Time, Party B shall accept
                      such Firm
                      Offer.

                  

          

          
             

            Reference
              Numbers: FXNCC9218, FXNCC9219, FXNCC9220,
              FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227,
              FXNCC9228, FXNCC9229, FXNCC9238, FXNCC9239 and FXNSC9240.

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

               

          

          
            	 	
                    (D)

                  	
                    If
                      Party B requests Party A in writing to obtain Market Quotations,
                      Party A
                      shall use its reasonable efforts to do so.

                  

          

          

          
            	 	
                    (E)

                  	
                    If
                      the Settlement Amount is a negative number, Section 6(e)(i)(3)
                      shall be
                      deleted in its entirety and replaced with the
                      following:

                  

          

          

          “(3)
            Second
            Method and Market Quotation.
            If the
            Second Method and Market Quotation apply, (I) Party B shall pay to Party
            A an
            amount equal to the absolute value of the Settlement Amount in respect
            of the
            Terminated Transactions, (II) Party B shall pay to Party A the Termination
            Currency Equivalent of the Unpaid Amounts owing to Party A and (III)
            Party A
            shall pay to Party B the Termination Currency Equivalent of the Unpaid
            Amounts
            owing to Party B; provided, however, that (x) the amounts payable under
            the
            immediately preceding clauses (II) and (III) shall be subject to netting
            in
            accordance with Section 2(c) of this Agreement and (y) notwithstanding
            any other
            provision of this Agreement, any amount payable by Party A under the
            immediately
            preceding clause (III) shall not be netted-off against any amount payable
            by
            Party B under the immediately preceding clause (I).”

           

          (g) “Termination
            Currency”
            means
            USD.

          

          (h)
             Additional
            Termination Events.
            Additional Termination Events will apply as provided in Part 5(c). 

          

          Part
            2.  Tax
            Matters.

          

          (a) Tax
            Representations. 

          

          
            	 	
                    (i)

                  	
                    Payer
                      Representations.
                      For the purpose of Section 3(e) of this Agreement:
                      

                  

          

           

          (A) Party
            A
            makes the following representation(s):

          

          It
            is not
            required by any applicable law, as modified by the practice of any relevant
            governmental revenue authority, of any Relevant Jurisdiction to make
            any
            deduction or withholding for or on account of any Tax from any payment
            (other
            than interest under Section 2(e), 6(d)(ii) or 6(e) of this Agreement)
            to be made
            by it to the other party under this Agreement. 

          

          In
            making
            this representation, it may rely on: 

          

          
            	 	
                    (1)

                  	
                    the
                      accuracy of any representations made by the other party pursuant
                      to
                      Section 3(f) of this Agreement; 

                  

          

          

          
            	 	
                    (2)

                  	
                    the
                      satisfaction of the agreement contained in Section 4(a)(i)
                      or 4(a)(iii) of
                      this Agreement and the accuracy and effectiveness of any document
                      provided
                      by the other party pursuant to Section 4(a)(i) or 4(a)(iii)
                      of this
                      Agreement; and 

                  

          

          

          
            	 	
                    (3)

                  	
                    the
                      satisfaction of the agreement of the other party contained
                      in Section 4(d)
                      of this Agreement, provided that it shall not be a breach of
                      this
                      representation where reliance is placed on clause (ii) and
                      the other party
                      does not deliver a form or document under Section 4(a)(iii)
                      by reason of
                      material prejudice to its legal or commercial
                      position.

                  

          

          
             

            Reference
              Numbers: FXNCC9218, FXNCC9219, FXNCC9220,
              FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227,
              FXNCC9228, FXNCC9229, FXNCC9238, FXNCC9239 and FXNSC9240.

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

               

            

          

          (B) Party
            B
            makes the following representation(s):

          

          None.

          

          (ii)
             Payee
            Representations.
            For the
            purpose of Section 3(f) of this Agreement: 

           

          (A)   Party
            A
            makes the following representation(s):

          

          Party
            A
            is a corporation organized under the laws of the State of Delaware and
            its U.S.
            taxpayer identification number is 13-3866307.

          
            	 	 	 

          

          (B)   Party
            B
            makes the following representation(s):

          

          None.

          

          
            	
                    (b)

                  	
                    Tax
                      Provisions.

                  

          

          

          
            	 	
                    (i)

                  	
                    Gross
                      Up.
                      Section 2(d)(i)(4) shall not apply to Party B as X, such that
                      Party B
                      shall not be required to pay any additional amounts referred
                      to
                      therein.

                  

          

          

          
            	 	
                    (ii)

                  	
                    Indemnifiable
                      Tax.
                      Notwithstanding the definition of “Indemnifiable Tax” in Section 14 of
                      this Agreement, all Taxes in relation to payments by Party
                      A shall be
                      Indemnifiable Taxes (including any Tax imposed in relation
                      to a Credit
                      Support Document or in relation to any payment thereunder)
                      unless (i) such
                      Taxes are assessed directly against Party B and not by deduction
                      or
                      withholding by Party A or (ii) arise as a result of a Change
                      in Tax Law
                      (in which case such Tax shall be an Indemnifiable Tax only
                      if such Tax
                      satisfies the definition of Indemnifiable Tax provided in Section
                      14). In
                      relation to payments by Party B, no Tax shall be an Indemnifiable
                      Tax.

                  

          

          

          Part
            3.  Agreement
            to Deliver Documents.  

          

          (a) For
            the
            purpose of Section 4(a)(i), tax forms, documents, or certificates to
            be
            delivered are:

           

          
            	
                    Party
                      required to deliver document

                  	 	
                    Form/Document/

                    Certificate

                  	 	
                    Date
                      by which to

                    be
                      delivered

                  
	 	 	 	 	 
	
                    Party
                      A

                  	 	
                    An
                      original properly completed and executed United States Internal
                      Revenue
                      Service Form W-9 (or any successor thereto) with respect to
                      any payments
                      received or to be received by Party A that eliminates U.S.
                      federal
                      withholding and backup withholding Tax on payments to Party
                      A under this
                      Agreement.

                  	 	
                    (i)
                      upon execution of this Agreement, (ii) on or before the first
                      payment date
                      under this Agreement, including any Credit Support Document,
                      (iii)
                      promptly upon the reasonable demand by Party B, (iv) prior
                      to the
                      expiration or obsolescence of any previously delivered form,
                      and (v)
                      promptly upon the information on any such previously delivered
                      form
                      becoming inaccurate or incorrect.

                  
	 	 	 	 	 
	
                    Party
                      B

                  	 	
                    (i)
                      Upon execution of this Agreement, an original properly completed
                      and
                      executed United States Internal Revenue Service Form W-9 (or
                      any successor
                      thereto) with respect to any payments received or to be received
                      by the
                      initial beneficial owner of payments to Party B, and (ii) thereafter,
                      the
                      appropriate tax certification form (i.e., IRS Form W-9 or IRS
                      Form W-8BEN,
                      W-8IMY, W-8EXP or W-8ECI, as applicable (or any successor form
                      thereto))
                      with respect to any payments received or to be received by
                      the beneficial
                      owner of payments to Party B under this Agreement from time
                      to time.
                      

                  	 	
                    (i)
                      upon execution of this Agreement, (ii) on or before the first
                      payment date
                      under this Agreement, including any Credit Support Document,
                      (iii) in the
                      case of a tax certification form other than a Form W-9, before
                      December 31
                      of each third succeeding calendar year, (iv) promptly upon
                      the reasonable
                      demand by Party B, (v) prior to the expiration or obsolescence
                      of any
                      previously delivered form, and (vi) promptly upon the information
                      on any
                      such previously delivered form becoming inaccurate or
                      incorrect.

                  

          

          
             

            Reference
              Numbers: FXNCC9218, FXNCC9219, FXNCC9220,
              FXNCC9221, FXNCC9222, FXNCC9223, FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227,
              FXNCC9228, FXNCC9229, FXNCC9238, FXNCC9239 and FXNSC9240.

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

          

          (b) For
            the
            purpose of Section 4(a)(ii), other documents to be delivered are:

           

          
            	
                    Party
                      required to deliver document

                  	 	
                    Form/Document/

                    Certificate

                  	 	
                    Date
                      by which to

                    be
                      delivered

                  	 	
                    Covered
                      by Section 3(d) Representation

                  
	 	 	 	 	 	 	 
	
                    Party
                      A and

                    Party
                      B

                  	 	
                    Any
                      documents required by the receiving party to evidence the authority
                      of the
                      delivering party or its Credit Support Provider, if any, for
                      it to execute
                      and deliver the Agreement, this Confirmation, and any Credit
                      Support
                      Documents to which it is a party, and to evidence the authority
                      of the
                      delivering party or its Credit Support Provider to perform
                      its obligations
                      under the Agreement, this Confirmation and any Credit Support
                      Document, as
                      the case may be

                  	 	
                    Upon
                      the execution and delivery of this Agreement

                  	 	
                    Yes

                  
	 	 	 	 	 	 	 
	
                    Party
                      A and

                    Party
                      B

                  	 	
                    A
                      certificate of an authorized officer of the party, as to the
                      incumbency
                      and authority of the respective officers of the party signing
                      the
                      Agreement, this Confirmation, and any relevant Credit Support
                      Document, as
                      the case may be

                  	 	
                    Upon
                      the execution and delivery of this Agreement

                  	 	
                    Yes

                  
	 	 	 	 	 	 	 
	
                    Party
                      A

                  	 	
                    Annual
                      Report of Party A containing consolidated financial statements
                      certified
                      by independent certified public accountants and prepared in
                      accordance
                      with generally accepted accounting principles in the country
                      in which
                      Party A is organized

                  	 	
                    Upon
                      request by Party B

                  	 	
                    Yes

                  
	 	 	 	 	 	 	 
	
                    Party
                      A

                  	 	
                    Quarterly
                      Financial Statements of Party A containing unaudited, consolidated
                      financial statements of Party A’s fiscal quarter prepared in accordance
                      with generally accepted accounting principles in the country
                      in which
                      Party A is organized

                  	 	
                    Upon
                      request by Party B

                  	 	
                    Yes

                  
	 	 	 	 	 	 	 
	
                    Party
                      A and

                    Party
                      B

                  	 	
                    An
                      opinion of counsel of such party regarding the enforceability
                      of this
                      Agreement in a form reasonably satisfactory to the other
                      party.

                  	 	
                    Upon
                      the execution and delivery of this Agreement

                  	 	
                    No

                  
	 	 	 	 	 	 	 
	
                    Party
                      B

                  	 	
                    An
                      executed copy of the Pooling and Servicing Agreement

                  	 	
                    Promptly
                      upon filing of such agreement with the U.S. Securities and
                      Exchange
                      Commission

                  	 	
                    No

                  

          

          

            Reference
              Numbers: FXNCC9218, FXNCC9219, FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223,
              FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238,
              FXNCC9239 and FXNSC9240. 

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

          Part
            4. Miscellaneous. 

          

          
            	
                    (a)

                  	
                    Address
                      for Notices:
                      For the purposes of Section 12(a) of this
                      Agreement:

                  

          

          

          Address
            for notices or communications to Party A:

          
            	 	
                    Address:

                  	
                    383
                      Madison Avenue, New York, New York
                      10179

                  

          

          
            	 	
                    Attention:

                  	
                    DPC
                      Manager 

                  

          

          
            	 	
                    Facsimile:

                  	
                    (212)
                      272-5823

                  

          

          

          with
            a
            copy to:

          

          
            	 	
                    Address:

                  	
                    One
                      Metrotech Center North, Brooklyn, New York
                      11201

                  

          

          
            	 	
                    Attention:

                  	
                    Derivative
                      Operations 7th Floor

                  

          

          
            	 	
                    Facsimile:

                  	
                    (212)
                      272-1634

                  

          

          

          (For
            all
            purposes)

          

          Address
            for notices or communications to Party B:

          

          
            	 	
                    Address:
                      

                  	
                    1761
                      East St. Andrew Place, Santa Ana, CA
                      92705-4934

                  

          

          
            	 	
                    Attention:

                  	
                    Impac
                      Secured Assets Corp. Series 2007-1 

                  

          

          c/o
            Deutsche Bank National Trust Company as Trustee

          
            	 	
                    Facsimile:
                      

                  	
                    (714)
                      247-6285

                  

          

          
            	 	
                    Phone:

                  	
                    (714)
                      247-6000

                  

          

          

          

          (For
            all
            purposes)

          

          (b) Process
            Agent.
            For the
            purpose of Section 13(c):

          

          Party
            A
            appoints as its Process Agent: Not applicable.

          

          Party
            B
            appoints as its Process Agent: Not applicable.

          

          
            	
                    (c)

                  	
                    Offices.
                      The provisions of Section 10(a) will apply to this Agreement;
                      neither
                      Party A nor Party B has any Offices other than as set forth
                      in the Notices
                      Section.

                  

          

          

          
            	
                    (d)

                  	
                    Multibranch
                      Party.
                      For the purpose of Section 10(c) of this
                      Agreement:

                  

          

          

          Party
            A
            is not a Multibranch Party.

          

            Reference
              Numbers: FXNCC9218, FXNCC9219, FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223,
              FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238,
              FXNCC9239 and FXNSC9240. 

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

          
            	 	
                    Party
                      B is not a Multibranch Party.

                  

          

          

          
            	
                    (e)

                  	
                    Calculation
                      Agent.
                      The Calculation Agent is Party A.

                  

          

          

          (f) Credit
            Support Document. 

           

          
            	 	
                    Party
                      A:

                  	
                    The
                      Credit Support Annex, and any guarantee in support of Party
                      A’s
                      obligations under this Agreement.

                  

          

          

          Party
            B: The
            Credit Support Annex.

          

          
            	
                    (g)

                  	
                    Credit
                      Support Provider.

                  

          

          

          Party
            A: The
            guarantor under any guarantee in support of Party A’s obligations under this
            Agreement.

          

          Party
            B: None.

          

          
            	
                    (h)

                  	
                    Governing
                      Law.
                      The parties to this Agreement hereby agree that the law of
                      the State of
                      New York shall govern their rights and duties in whole, without
                      regard to
                      the conflict of law provisions thereof other than New York
                      General
                      Obligations Law Sections 5-1401 and 5-1402.

                  

          

          

          
            	
                    (i)

                  	
                    Netting
                      of Payments.
                      The parties agree that subparagraph (ii) of Section 2(c) will
                      apply to
                      each Transaction hereunder. 

                  

          

          

          
            	
                    (j)

                  	
                    Affiliate.
                      Party A and Party B shall be deemed to have no Affiliates for
                      purposes of
                      this Agreement, including for purposes of Section
                      6(b)(ii).

                  

          

           

          Part
            5.  Others
            Provisions.

          

          
            	
                    (a)

                  	
                    Definitions.
                      Unless
                      otherwise specified in a Confirmation, this Agreement and each
                      Transaction
                      under this Agreement are subject to the 2000 ISDA Definitions
                      as published
                      and copyrighted in 2000 by the International Swaps and Derivatives
                      Association, Inc. (the “Definitions”),
                      and will be governed in all relevant respects by the provisions
                      set forth
                      in the Definitions, without regard to any amendment to the
                      Definitions
                      subsequent to the date hereof. The provisions of the Definitions
                      are
                      hereby incorporated by reference in and shall be deemed a part
                      of this
                      Agreement, except that (i) references in the Definitions to
                      a “Swap
                      Transaction” shall be deemed references to a “Transaction” for purposes of
                      this Agreement, and (ii) references to a “Transaction” in this Agreement
                      shall be deemed references to a “Swap Transaction” for purposes of the
                      Definitions. Each term capitalized but not defined in this
                      Agreement shall
                      have the meaning assigned thereto in the Pooling and Servicing
                      Agreement.

                  

          

           

          (b) Amendments
            to ISDA Master Agreement.

          

          
            	 	
                    (i)

                  	
                    Single
                      Agreement.
                      Section 1(c) is hereby amended by the adding the words “including, for the
                      avoidance of doubt, the Credit Support Annex” after the words “Master
                      Agreement”. 

                  

          

          

          
            	 	
                    (ii)

                  	
                    [Reserved.]
                      

                  

          

          

          
            	 	
                    (iii)

                  	
                    [Reserved.]

                  

          

           

          
            Reference
              Numbers: FXNCC9218, FXNCC9219, FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223,
              FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238,
              FXNCC9239 and FXNSC9240.

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

             

          

          
            	 	
                    (iv)

                  	
                    Representations.
                      Section 3 is hereby amended by adding at the end thereof the
                      following
                      subsection (g): 

                  

          

          

          
            	 	
                    “(g)

                  	
                    Relationship
                      Between Parties. 

                  

          

          

          
            	 	
                    (1)

                  	
                    Nonreliance.
                      (i) It is not relying on any statement or representation of
                      the other
                      party regarding the Transaction (whether written or oral),
                      other than the
                      representations expressly made in this Agreement or the Confirmation
                      in
                      respect of that Transaction, (ii) it has consulted with its
                      own legal,
                      regulatory, tax, business, investment, financial and accounting
                      advisors
                      to the extent it has deemed necessary, and it has made its
                      own investment,
                      hedging and trading decisions based upon its own judgment and
                      upon any
                      advice from such advisors as it has deemed necessary and not
                      upon any view
                      expressed by the other party, (iii) it is not relying on any
                      communication
                      (written or oral) of the other party as investment advice or
                      as a
                      recommendation to enter into this Transaction; it being understood
                      that
                      information and explanations related to the terms and conditions
                      of this
                      Transaction shall not be considered investment advice or a
                      recommendation
                      to enter into this Transaction, and (iv) it has not received
                      from the
                      other party any assurance or guaranty as to the expected results
                      of this
                      Transaction.

                  

          

           

          
            	 	
                    (2)

                  	
                    Evaluation
                      and Understanding. (i) It has the capacity to evaluate (internally
                      or
                      through independent professional advice) the Transaction and
                      has made its
                      own decision to enter into the Transaction and (ii) it understands
                      the
                      terms, conditions and risks of the Transaction and is willing
                      and able to
                      accept those terms and conditions and to assume those risks,
                      financially
                      and otherwise. 

                  

          

          

          
            	 	
                    (3)

                  	
                    Purpose.
                      It is entering into the Transaction for the purposes of managing
                      its
                      borrowings or investments, hedging its underlying assets or
                      liabilities or
                      in connection with a line of business.

                  

          

          

          
            	 	
                    (4)

                  	
                    Status
                      of Parties. The other party is not acting as an agent, fiduciary
                      or
                      advisor for it in respect of the Transaction.

                  

          

          

          
            	 	
                    (5)

                  	
                    Eligible
                      Contract Participant. It is an “eligible swap participant” as such term is
                      defined in, Section 35.1(b)(2) of the regulations (17 C.F.R.
                      35)
                      promulgated under, and an “eligible contract participant” as defined in
                      Section 1(a)(12) of the Commodity Exchange Act, as
                      amended.”

                  

          

          

          
            	 	
                    (v)

                  	
                    Transfer
                      to Avoid Termination Event.
                      Section 6(b)(ii) is hereby amended by (i) deleting the words
“or if a Tax
                      Event Upon Merger occurs and the Burdened Party is the Affected
                      Party,”
                      and (ii) deleting the last paragraph thereof and inserting
                      the following
                      in lieu thereof:

                  

          

          

          “Notwithstanding
            anything to the contrary in Section 7 (as amended herein) and Part 5(f),
            any
            transfer by Party A under this Section 6(b)(ii) shall not require the
            consent of
            Party B for such transfer if the following conditions are
            satisfied:

          

          
            	 	
                    (1)

                  	
                    the
                      transferee (the “Section 6 Transferee”) is an Eligible
                      Replacement;

                  

          

          

          
            	 	
                    (2)

                  	
                    if
                      the Section 6 Transferee is domiciled in a different country
                      or political
                      subdivision thereof from both Party A and Party B, such transfer
                      satisfies
                      the Rating Agency Condition;

                  

          

          

          
            	 	
                    (3)

                  	
                    the
                      Section 6 Transferee will not, as a result of such transfer,
                      be required
                      on the next succeeding Scheduled Payment Date to withhold or
                      deduct on
                      account of any Tax (except in respect of default interest)
                      amounts in
                      excess of that which Party A would, on the next succeeding
                      Scheduled
                      Payment Date have been required to so withhold or deduct unless
                      the
                      Section 6 Transferee would be required to make additional payments
                      pursuant to Section 2(d)(i)(4) corresponding to such excess;
                      

                  

          

          

            Reference
              Numbers: FXNCC9218, FXNCC9219, FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223,
              FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238,
              FXNCC9239 and FXNSC9240.

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

             

          

          
            	 	
                    (4)

                  	
                    a
                      Termination Event or Event of Default does not occur as a result
                      of such
                      transfer; and

                  

          

          

          
            	 	
                    (5)

                  	
                    the
                      Section 6 Transferee confirms in writing that it will accept
                      all of the
                      interests and obligations in and under this Agreement which
                      are to be
                      transferred to it in accordance with the terms of this
                      provision.”

                  

          

          

          
            	 	
                    (vi)

                  	
                    Jurisdiction.
                      Section
                      13(b) is hereby amended by: (i) deleting in the second line
                      of
                      subparagraph (i) thereof the word "non-", (ii) deleting “; and” from the
                      end of subparagraph 1 and inserting “.” in lieu thereof, and (iii)
                      deleting the final paragraph
                      thereof.

                  

          

          

          
            	 	
                    (vii)

                  	
                    Local
                      Business Day.
                      The definition of Local Business Day in Section 14 is hereby
                      amended by
                      the addition of the words “or any Credit Support Document” after “Section
                      2(a)(i)” and the addition of the words “or Credit Support Document” after
                      “Confirmation”. 

                  

          

          

          
            	
                    (c)

                  	
                    Additional
                      Termination Events.
                      The following Additional Termination Events will
                      apply:

                  

          

          

          (i)       
            S&P
            First Level Downgrade.
            If an
            S&P Approved Ratings Downgrade Event has occurred and is continuing and
            Party A fails to take any action described under Part (5)(d)(i)(1), within
            the
            time period specified therein, then an Additional Termination Event shall
            have
            occurred with respect to Party A, Party A shall be the sole Affected
            Party with
            respect to such Additional Termination Event and all Transactions hereunder
            shall be Affected Transaction.

          

          (ii)     
            Moody’s
            First Rating Trigger Collateral.
            If (A)
            it is not the case that a Moody’s Second Trigger Ratings Event has occurred and
            been continuing for 30 or more Local Business Days and (B) Party
            A
            has failed to comply with or perform any obligation to be complied with
            or
            performed by Party A in accordance with the Credit Support Annex, then
            an
            Additional Termination Event shall have occurred with respect to Party
            A, Party
            A shall be the sole Affected Party with respect to such Additional Termination
            Event and all Transactions hereunder shall be Affected Transactions.
            

          

          (iii)    
            S&P
            Second Level Downgrade.
            If an
            S&P Required Ratings Downgrade Event has occurred and is continuing and
            Party A fails to take any action described under Part (5)(d)(i)(2) within
            the
            time period specified therein, then an Additional Termination Event shall
            have
            occurred with respect to Party A, Party A shall be the sole Affected
            Party with
            respect to such Additional Termination Event and all Transactions hereunder
            shall be Affected Transaction.

          

          (iv)   
            Moody’s
            Second Rating Trigger Replacement.
            If (A) a
            Moody’s Second Trigger Ratings Event has occurred and been continuing for 30
            or
            more Local Business Days and (B) (i) at least one Eligible Replacement
            has made
            a Firm Offer to be the transferee of all of Party A’s rights and obligations
            under this Agreement (and such Firm Offer remains an offer that will
            become
            legally binding upon such Eligible Replacement upon acceptance by the
            offeree)
            and/or (ii) an Eligible Guarantor has made a Firm Offer to provide an
            Eligible
            Guarantee (and such Firm Offer remains an offer that will become legally
            binding
            upon such Eligible Guarantor immediately upon acceptance by the offeree),
            then
            an Additional Termination Event shall have occurred with respect to Party
            A,
            Party A shall be the sole Affected Party with respect to such Additional
            Termination Event and all Transactions hereunder shall be Affected Transactions.
            

           

          (v)    
            Amendment
            of the Pooling and Servicing Agreement.
            If,
            without the prior written consent of Party A where such consent is required
            under the Pooling and Servicing Agreement (such consent not to be unreasonably
            withheld), an amendment is made to the Pooling and Servicing Agreement
            which
            amendment could reasonably be expected to have a material adverse effect
            on the
            interests of Party A under this Agreement, an Additional Termination
            Event shall
            have occurred with respect to Party B, Party B shall be the sole Affected
            Party
            with respect to such Additional Termination Event and all Transactions
            hereunder
            shall be Affected Transactions. 

          

            Reference
              Numbers: FXNCC9218, FXNCC9219, FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223,
              FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238,
              FXNCC9239 and FXNSC9240.

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

          

          (vi)   
            [Reserve]

          

          

          (vii)   
            Failure
            to Pay Class A Certificates.
            If the
            Trustee on behalf of the Trust is unable to pay, or fails or admits in
            writing
            its inability to pay (1) on any Distribution Date, any Accrued Certificate
            Interest Distribution Amount with respect to the Class A Certificates
            or (2) by
            the Distribution Date immediately following the maturity date for the
            Mortgage
            Loan with the latest maturity date, the ultimate payment of principal
            with
            respect to the Class A Certificates, in either case to the extent required
            pursuant to the terms of the Pooling and Servicing Agreement to be paid
            to the
            Class A Certificates, then an Additional Termination Event shall have
            occurred
            with respect to Party B, Party B shall be the sole Affected Party and
            all
            Transactions hereunder shall be Affected Transactions. This
            provision shall be applicable only with respect to the Transaction identified
            by
            the reference number FXNSC9230, and shall not apply to any other
            Transaction.

          

          
            	
                    (d)

                  	
                    Rating
                      Agency Downgrade.  

                  

          

          

          (i) S&P
            Downgrade:

          

          
            	 	
                    (1)

                  	
                    In
                      the event that an S&P Approved Ratings Downgrade Event occurs and is
                      continuing, then within 30 days after such rating downgrade,
                      Party A
                      shall, subject to the Rating Agency Condition with respect
                      to S&P, at
                      its own expense, either (i) procure a Permitted Transfer, (ii)
                      obtain an
                      Eligible Guarantee or (iii) post collateral in accordance with
                      the Credit
                      Support Annex.

                  

          

          

          
            	 	
                    (2)

                  	
                    In
                      the event that an S&P Required Ratings Downgrade Event occurs and is
                      continuing, then within 10 Local Business Days after such rating
                      withdrawal or downgrade, Party A shall, subject to the Rating
                      Agency
                      Condition with respect to S&P, at its own expense, procure either (i)
                      a Permitted Transfer or (ii) an Eligible
                      Guarantee.

                  

          

          

          (ii)
             Moody’s
            Downgrade.

          

          
            	 	
                    (1)
                      

                  	
                    In
                      the event that a Moody’s Second Trigger Ratings Event occurs and is
                      continuing, Party A shall, as soon as reasonably practicable
                      thereafter,
                      at its own expense and using commercially reasonable efforts,
                      either (i)
                      procure a Permitted Transfer or (ii) obtain an Eligible Guarantee.
                      

                  

          

           

          
            	
                    (e)
                      

                  	
                    Item
                      1115 Agreement.
                      Party A and Party B hereby agree that the terms of the Item
                      1115
                      Agreement, dated as of February
                      22, 2007 (the
                      “Item
                      1115 Agreement”),
                      among Impac Funding Corporation (“Sponsor”), Impac
                      Secured Assets Corp.,
                      (“Depositor”), and Party A (the “Derivative Provider”) shall be
                      incorporated by reference into this Agreement and Party B shall
                      be an
                      express third party beneficiary of the Item 1115 Agreement.
                      A copy of the
                      Item 1115 Agreement is annexed hereto at Annex
                      B.

                  

          

           

          

            Reference
              Numbers: FXNCC9218, FXNCC9219, FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223,
              FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238,
              FXNCC9239 and FXNSC9240. 

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

          

          

          
            	
                    (f)

                  	
                    Transfers. 

                  

          

           

          (i) Section
            7
            is hereby amended to read in its entirety as follows:

           

          “Except
            with respect to a Permitted Transfer pursuant to Section 6(b)(ii), Part
            5(d),
            the Item 1115 Agreement, Part 5(b)(v) or the succeeding sentence, neither
            Party
            A nor Party B is permitted to assign, novate or transfer (whether by
            way of
            security or otherwise) as a whole or in part any of its rights, obligations
            or
            interests under the Agreement or any Transaction unless (a) the prior
            written
            consent of the other party is obtained and (b) the Rating Agency Condition
            has
            been satisfied with respect to S&P. At any time at which no Relevant Entity
            has credit ratings at least equal to the Approved Ratings Threshold,
            Party A may
            make a Permitted Transfer.” 

           

          
            	 	
                    (ii)

                  	
                    If
                      an Eligible Replacement has made a Firm Offer (which remains
                      an offer that
                      will become legally binding upon acceptance by Party B) to
                      be the
                      transferee pursuant to a Permitted Transfer, Party B shall,
                      at Party A’s
                      written request and at Party A’s expense, execute such documentation
                      provided to it as is reasonably deemed necessary by Party A
                      to effect such
                      transfer. 

                  

          

           

          
            	
                    (g)

                  	
                    Non-Recourse.
                      Party A acknowledges and agree that, notwithstanding any provision
                      in this
                      Agreement to the contrary, the obligations of Party B hereunder
                      are
                      limited recourse obligations of Party B, payable solely from
                      the
                      Supplemental Interest Trust and
                      the proceeds thereof, in accordance with the priority of payments
                      and
                      other terms of the Pooling and Servicing Agreement and that
                      Party A will
                      not have any recourse to any of the directors, officers, agents,
                      employees, shareholders or affiliates of Party B with respect
                      to any
                      claims, losses, damages, liabilities, indemnities or other
                      obligations in
                      connection with any transactions contemplated hereby. In the
                      event that
                      the Supplemental Interest Trust and the proceeds thereof, should
                      be
                      insufficient to satisfy all claims outstanding and following
                      the
                      realization of the Supplemental Interest Trust and the proceeds
                      thereof,
                      any claims against or obligations of Party B under this Agreement
                      or any
                      other confirmation thereunder still outstanding shall be extinguished
                      and
                      thereafter not revive. The Supplemental Interest Trust Trustee
                      shall not
                      have liability for any failure or delay in making a payment
                      hereunder to
                      Party A due to any failure or delay in receiving amounts in
                      the
                      Supplemental Interest Trust from the Trust created pursuant
                      to the Pooling
                      and Servicing Agreement. This provision will survive the termination
                      of
                      this Agreement.

                  

          

          

          
            	
                    (h)

                  	
                    Timing
                      of Payments
                      by Party B upon Early Termination.
                      Notwithstanding anything to the contrary in Section 6(d)(ii),
                      to the
                      extent that all or a portion (in either case, the “Unfunded Amount”) of
                      any amount that is calculated as being due in respect of any
                      Early
                      Termination Date under Section 6(e) from Party B to Party A
                      will be paid
                      by Party B from amounts other than any upfront payment paid
                      to Party B by
                      an Eligible Replacement that has entered a Replacement Transaction
                      with
                      Party B, then such Unfunded Amount shall be due on the next
                      subsequent
                      Distribution Date following the date on which the payment would
                      have been
                      payable as determined in accordance with Section 6(d)(ii),
                      and on any
                      subsequent Distribution Dates until paid in full (or if such
                      Early
                      Termination Date is the final Distribution Date, on such final
                      Distribution Date); provided, however, that if the date on
                      which the
                      payment would have been payable as determined in accordance
                      with Section
                      6(d)(ii) is a Distribution Date, such payment will be payable
                      on such
                      Distribution Date.

                  

          

          

          
            	
                    (i)

                  	
                    Rating
                      Agency Notifications. Notwithstanding
                      any other provision of this Agreement, no Early Termination
                      Date shall be
                      effectively designated hereunder by Party B and no transfer
                      of any rights
                      or obligations under this Agreement shall be made by either
                      party unless
                      each Swap Rating Agency has been given prior written notice
                      of such
                      designation or transfer. 

                  

          

          

          
            	
                    (j)

                  	
                    No
                      Set-off.
                      Except as expressly provided for in Section 2(c), Section 6
                      or Part
                      1(f)(i)(D) hereof, and notwithstanding any other provision
                      of this
                      Agreement or any other existing or future agreement, each party
                      irrevocably waives any and all rights it may have to set off,
                      net, recoup
                      or otherwise withhold or suspend or condition payment or performance
                      of
                      any obligation between it and the other party hereunder against
                      any
                      obligation between it and the other party under any other agreements.
                      Section 6(e) shall be amended by deleting the following sentence:
“The
                      amount, if any, payable in respect of an Early Termination
                      Date and
                      determined pursuant to this Section will be subject to any
                      Set-off.”.

                  

          

          

            Reference
              Numbers: FXNCC9218, FXNCC9219, FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223,
              FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238,
              FXNCC9239 and FXNSC9240. 

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

          

           

          
            	
                    (k)

                  	
                    Amendment.
                      Notwithstanding any provision to the contrary in this Agreement,
                      no
                      amendment of either this Agreement or any Transaction under
                      this Agreement
                      shall be permitted by either party unless each of the Swap
                      Rating Agencies
                      has been provided prior written notice of the same and such
                      amendment
                      satisfies the Rating Agency Condition with respect to
                      S&P.

                  

          

          

          
            	
                    (l)

                  	
                    Notice
                      of Certain Events or Circumstances.
                      Each Party agrees, upon learning of the occurrence or existence
                      of any
                      event or condition that constitutes (or that with the giving
                      of notice or
                      passage of time or both would constitute) an Event of Default
                      or
                      Termination Event with respect to such party, promptly to give
                      the other
                      Party and to each Swap Rating Agency notice of such event or
                      condition;
                      provided that failure to provide notice of such event or condition
                      pursuant to this Part 5(l) shall not constitute an Event of
                      Default or a
                      Termination Event.

                  

          

           

          (m) Proceedings.
            No
            Relevant Entity shall institute against, or cause any other person to
            institute
            against, or join any other person in instituting against Party B, the
            Supplemental Interest Trust, or the trust formed pursuant to the Pooling
            and
            Servicing Agreement, in any bankruptcy, reorganization, arrangement,
            insolvency
            or liquidation proceedings or other proceedings under any federal or
            state
            bankruptcy or similar law for a period of one year (or, if longer, the
            applicable preference period) and one day following payment in full of
            the
            Certificates and any Notes. This provision will survive the termination
            of this
            Agreement. 

          

          
            	
                    (n)

                  	
                    Supplemental
                      Interest Trust Trustee Liability Limitations.
                      It
                      is expressly understood and agreed by the parties hereto that
                      (a) this
                      Agreement is executed and delivered by Deutsche Bank National
                      Trust
                      Company (“Deutsche”) not in its individual capacity, but solely as
                      Supplemental
                      Interest Trust Trustee
                      under the Pooling and Servicing Agreement in the exercise of
                      the powers
                      and authority conferred and invested in it thereunder; (b)
                      Deutsche has
                      been directed pursuant to the Pooling and Servicing Agreement
                      to enter
                      into this Agreement and to perform its obligations hereunder;
                      (c) each of
                      the representations, warranties, covenants, undertakings and
                      agreements
                      herein made on behalf of the Supplemental Interest Trust are
                      made and
                      intended not as personal representations, undertakings and
                      agreements by
                      Deutsche but are made and intended for the purpose of binding
                      only the
                      Supplemental Interest Trust; and (d) nothing herein contained
                      shall be
                      construed as creating any liability on Deutsche Bank National
                      Trust
                      Company, individually or personally, to perform any covenant
                      either
                      expressed or implied contained herein, all such liability,
                      if any, being
                      expressly waived by the parties who are signatories to this
                      Agreement and
                      by any Trust company be personally liable for the payment of
                      any
                      indemnity, indebtedness, fees or expenses of the Supplemental
                      Interest
                      Trust or be liable for the breach or failure of any obligations,
                      representation, warranty or covenant made or undertaken by
                      the
                      Supplemental Interest Trust under this Agreement.
                      .

                  

          

          

          
            	
                    (o)

                  	
                    Severability.
                      If
                      any term, provision, covenant, or condition of this Agreement,
                      or the
                      application thereof to any party or circumstance, shall be
                      held to be
                      invalid or unenforceable (in whole or in part) in any respect,
                      the
                      remaining terms, provisions, covenants, and conditions hereof
                      shall
                      continue in full force and effect as if this Agreement had
                      been executed
                      with the invalid or unenforceable portion eliminated, so long
                      as this
                      Agreement as so modified continues to express, without material
                      change,
                      the original intentions of the parties as to the subject matter
                      of this
                      Agreement and the deletion of such portion of this Agreement
                      will not
                      substantially impair the respective benefits or expectations
                      of the
                      parties; provided, however, that this severability provision
                      shall not be
                      applicable if any provision of Section 2, 5, 6, or 13 (or any
                      definition
                      or provision in Section 14 to the extent it relates to, or
                      is used in or
                      in connection with any such Section) shall be so held to be
                      invalid or
                      unenforceable. 

                  

          

          

            Reference
              Numbers: FXNCC9218, FXNCC9219, FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223,
              FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238,
              FXNCC9239 and FXNSC9240. 

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

          The
            parties shall endeavor to engage in good faith negotiations to replace
            any
            invalid or unenforceable term, provision, covenant or condition with
            a valid or
            enforceable term, provision, covenant or condition, the economic effect
            of which
            comes as close as possible to that of the invalid or unenforceable term,
            provision, covenant or condition. 

          

          
            	
                    (p)

                  	
                    Agent
                      for Party B. Party
                      A acknowledges that Party B has appointed the Supplemental
                      Interest Trust
                      Trustee as its agent under the Pooling and Servicing Agreement
                      to carry
                      out certain functions on behalf of Party B, and that the Supplemental
                      Interest Trust Trustee and the Swap Administrator shall be
                      entitled to
                      give notices and to perform and satisfy the obligations of
                      Party B
                      hereunder on behalf of Party B.

                  

          

           

          
            	
                     (q)

                  	
                    Limitation
                      on Events of Default.
                      Notwithstanding the provisions of Sections 5 and 6, if at any
                      time and so
                      long as Party B has satisfied in full all its payment obligations
                      under
                      Section 2(a)(i) in respect of each Transaction with the reference
                      numbers
                      FXNCC9210,
                      FXNCC9218, FXNCC9219, FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223,
                      FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227, FXNCC9228; FXNCC9229
                      and
                      FXNCC9238   
                      (each, a “Cap Transaction”) and has at the time no future payment
                      obligations, whether absolute or contingent, under such Section
                      in respect
                      of such Cap Transaction, then unless Party A is required pursuant
                      to
                      appropriate proceedings to return to Party B or otherwise returns
                      to Party
                      B upon demand of Party B any portion of any such payment in
                      respect of
                      such Cap Transaction, (a) the occurrence of an event described
                      in Section
                      5(a) with respect to Party B shall not constitute an Event
                      of Default or
                      Potential Event of Default with respect to Party B as Defaulting
                      Party in
                      respect of such Cap Transaction and (b) Party A shall be entitled
                      to
                      designate an Early Termination Date pursuant to Section 6 in
                      respect of
                      such Cap Transaction only as a result of the occurrence of
                      a Termination
                      Event set forth in either Section 5(b)(i) or 5(b)(ii) with
                      respect to
                      Party A as the Affected Party, or Section 5(b)(iii) with respect
                      to Party
                      A as the Burdened Party. For purposes of the Transaction to
                      which this
                      Agreement relates, Party B’s only obligation under Section 2(a)(i) in
                      respect of such Cap Transaction is to pay the Fixed Amount
                      on the Fixed
                      Amount Payer Payment Date.

                  

          

           

          
            	
                    (r)

                  	
                    Consent
                      to Recording.
                      Each party hereto consents to the monitoring or recording,
                      at any time and
                      from time to time, by the other party of any and all communications
                      between trading, marketing, and operations personnel of the
                      parties and
                      their Affiliates, waives any further notice of such monitoring
                      or
                      recording, and agrees to notify such personnel of such monitoring
                      or
                      recording. 

                  

          

           

          
            	
                    (s)

                  	
                    Waiver
                      of Jury Trial.
                      Each party waives any right it may have to a trial by jury
                      in respect of
                      any in respect of any suit, action or proceeding relating to
                      this
                      Agreement or any Credit Support Document.

                  

          

           

          
            	
                    (t)

                  	
                    Payment
                      Instructions.
                      Party A hereby agrees that, unless notified in writing by Party
                      B of other
                      payment instructions, any and all amounts payable by Party
                      A to Party B
                      under this Agreement shall be paid to the account specified
                      in Item 4 of
                      this Confirmation, below. 

                  

          

          

          
            	
                    (u)

                  	
                    Capacity.
                      Party A represents to Party B on the date on which Party A
                      enters into
                      this Agreement
                      that it is entering into the Agreement and the Transaction
                      as principal
                      and not as agent of any person. The Supplemental Interest Trust
                      Trustee
                      represents to Party A on the date on which Party
                      B enters
                      into this Agreement that the Supplemental Interest Trust Trustee
                      is
                      executing the Agreement not in its individual capacity, but
                      solely as
                      Supplemental Interest Trust Trustee on behalf of the Supplemental
                      Interest
                      Trust.

                  

          

          

          
            	
                    (v)

                  	
                    Substantial
                      financial transactions. Each
                      party hereto is hereby advised and acknowledges as of the date
                      hereof that
                      the other party has engaged in (or refrained from engaging
                      in) substantial
                      financial transactions and has taken (or refrained from taking)
                      other
                      material actions in reliance upon the entry by the parties
                      into the
                      Transaction being entered into on the terms and conditions
                      set forth
                      herein and in the Pooling and Servicing Agreement relating
                      to such
                      Transaction, as applicable. This paragraph shall be deemed
                      repeated on the
                      trade date of each Transaction.

                  

          

          

            Reference
              Numbers: FXNCC9218, FXNCC9219, FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223,
              FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238,
              FXNCC9239 and FXNSC9240. 

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

          

           

          
            	
                    (w)

                  	
                    Optional
                      Termination.
                      In
                      connection with the optional termination of the trust fund
                      pursuant to
                      Section 9.01 of the Pooling and Servicing Agreement, with effect
                      following
                      all distributions on the final Distribution Date under the
                      Pooling and
                      Servicing Agreement (such date, the “Optional Termination Distribution
                      Date”):

                  

          

           

          (a) (1) (A)
            Party
            B hereby assigns all of its rights and delegates all of its liabilities
            and
            obligations to Impac Mortgage Holdings, Inc., (“IMHI”) and IMHI hereby assumes
            all of Party B’s rights, liabilities, and obligations, under the Confirmations
            arising after the final distributions on the Optional Termination Distribution
            Date (the “Assigned Transactions”) and (B) Party A hereby consents to such
            assignment, delegation and assumption;

           

          (2)
             Party
            A
            and IMHI agree to enter into the Assigned Transactions as evidenced by
            confirmations (the “New Confirmations”) and each such New Confirmation will
            constitute a Confirmation (as that word is defined in the New Agreement,
            defined
            below) that supplements, forms a part of, and is subject to, an agreement
            (the
“New Agreement”) in the form of the 1992 Multicurrency - Cross Border Master
            Agreement in the form published by the International Swaps and Derivatives
            Association, Inc. (the “ISDA Form”), executed by Party A and IMHI, but without
            any Schedule except for the election of the State of New York as the
            governing
            law and USD as the Termination Currency (as that word is defined in the
            New
            Agreement). Party A and IMHI further agree that such New Confirmations
            shall
            have substantially identical terms to the Assigned Transactions and
            Confirmations.

           

          
            	 	
                    (b)

                  	
                    Party
                      A and Party B are each released and discharged from further
                      obligations
                      owed under and in respect of the Assigned Transactions and
                      their
                      respective rights against each other thereunder are
                      cancelled;

                  

          

           

          
            	 	
                    (c)

                  	
                    Party
                      A hereby agrees that IMHI may do one of the following with
                      each of the
                      Assigned Transactions and the New
                      Confirmations:

                  

          

           

          (i) retain
            such Assigned Transaction and New Confirmation;

           

          
            	 	
                    (ii)

                  	
                    assign
                      all of its rights and delegate all of its liabilities and obligations
                      under such Assigned Transaction and New Confirmation to a third
                      party,
                      such assignment and delegation to be effective upon the receipt
                      of written
                      consent thereto from Party A (in its sole and absolute discretion);
                      or

                  

          

           

          
            	 	
                    (iii)

                  	
                    terminate
                      such Assigned Transaction by giving three Business Days’ prior written
                      notice to Party A (the “Optional Swap Termination”). In connection with
                      the Optional Swap Termination, if any, a termination payment
                      (if any)
                      shall be payable by IMHI or Party A, as applicable, as determined
                      by the
                      Calculation Agent by the application of Section 6(e)(ii) of
                      the ISDA Form
                      Master Agreement, with Market Quotation and Second Method being
                      the
                      applicable method for determining the termination payment.
                      The exercise of
                      the right to terminate under this provision shall not be an
                      Event of
                      Default under any of the other Transactions between IMHI and
                      Bear Stearns
                      Financial Products Inc. For purposes of the Optional Swap Termination,
                      IMHI shall be the sole Affected
                      Party.

                  

          

           

          
            	 	
                    (d)

                  	
                    If
                      IMHI exercises its right to retain an Assigned Transaction
                      and New
                      Confirmation pursuant to Part 5(w)(a)(2) of this Agreement,
                      then Party A
                      has the right to do one of the following with each such Assigned
                      Transaction and New Confirmation:

                  

          

           

          (i)
            retain such Assigned Transaction and New Confirmation;

          

            Reference
              Numbers: FXNCC9218, FXNCC9219, FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223,
              FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238,
              FXNCC9239 and FXNSC9240. 

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

          

          (ii)
            assign all of its rights and delegate all of its liabilities and obligations
            under such Assigned Transaction to a subsidiary of The Bear Stearns Companies,
            Inc. without the consent of IMHI; 

           

          or

           

          (iii)
            assign all of its rights and delegate all of its liabilities and obligations
            under such Assigned Transaction to a third party with the consent of
            IMHI;
            provided, however, that if Party A exercises its right to assign such
            Assigned
            Transaction under (ii) or (iii) above the counterparty shall be an entity
            that
            (1) has executed an ISDA Master Agreement with IMHI and (2) agrees to
            accept all
            of the terms and conditions of such Assigned Transaction and New Confirmation
            without amendment or supplement.

           

          
            	
                    (x)

                  	
                    [Reserved].

                  

          

          

          (y) Additional
            Definitions. 

           

          As
            used
            in this Agreement, the following terms shall have the meanings set forth
            below,
            unless the context clearly requires otherwise: 

           

          “Approved
            Ratings Threshold”
            means
            each of the S&P Approved Ratings Threshold and the Moody’s First Trigger
            Ratings Threshold.

          

          “Approved
            Replacement” means,
            with respect to a Market Quotation, an entity making such Market Quotation,
            which entity would satisfy conditions (a), (b),(c) and (d) of the definition
            of
            Permitted Transfer (as determined by Party B in its sole discretion,
            acting in a
            commercially reasonable manner) if such entity were a Transferee, as
            defined in
            the definition of Permitted Transfer.

          

          “Eligible
            Guarantee”
            means an
            unconditional and irrevocable guarantee of all present and future payment
            obligations and obligations to post collateral of Party A or an Eligible
            Replacement to Party B under this Agreement that is provided by an Eligible
            Guarantor as principal debtor rather than surety and that is directly
            enforceable by Party B, the form and substance of which guarantee are
            subject to
            the Rating Agency Condition with respect to S&P.

          

          “Eligible
            Guarantor”
means
            an entity that (A) has credit ratings from S&P at least equal to the S&P
            Approved Ratings Threshold and (B) has credit ratings from Moody’s at least
            equal to the Moody’s Second Trigger Ratings Threshold, provided, for the
            avoidance of doubt, that an Eligible Guarantee of an Eligible Guarantor
            with
            credit ratings below the Moody’s First Trigger Ratings Threshold will not cause
            a Collateral Event (as defined in the Credit Support Annex) to occur
            or continue
            with respect to Moody’s.  An Eligible Guarantor shall provide Party B in
            writing all credit ratings described in this definition, upon request
            of Party
            B.

          

          “Eligible
            Replacement”
means
            an entity (A) (i) (a) that has credit ratings from S&P at least equal to the
            S&P Approved Ratings Threshold, and (b) has credit ratings from Moody’s at
            least equal to the Moody’s Second Trigger Ratings Threshold, provided, for the
            avoidance of doubt, that an Eligible Replacement with credit ratings
            below the
            Moody’s First Trigger Ratings Threshold will not cause a Collateral Event (as
            defined in the Credit Support Annex) not to occur or continue with respect
            to
            Moody’s, or (ii) the present and future obligations (for the avoidance of doubt,
            not limited to payment obligations) of which entity to Party B under
            this
            Agreement are guaranteed pursuant to an Eligible Guarantee and (B) that
            has
            executed an Item 1115 Agreement with Depositor and Sponsor. An Eligible
            Guarantor shall provide Party B in writing all credit ratings described
            in this
            definition, upon request of Party B.

           

          
            Reference
              Numbers: FXNCC9218, FXNCC9219, FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223,
              FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238,
              FXNCC9239 and FXNSC9240. 

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          

          “Estimated
            Swap Termination Payment”
            means,
            with respect to an Early Termination Date, an amount determined by Party
            A in
            good faith and in a commercially reasonable manner as the maximum payment
            that
            could be owed by Party B to Party A in respect of such Early Termination
            Date
            pursuant to Section 6(e) of this Agreement, taking into account then
            current
            market conditions.

          

          “Firm
            Offer”
            means
            (A) with respect to an Eligible Replacement, a quotation from such Eligible
            Replacement (i) in an amount equal to the actual amount payable by or
            to Party B
            in consideration of an agreement between Party B and such Eligible Replacement
            to replace Party A as the counterparty to this Agreement by way of novation
            or,
            if such novation is not possible, an agreement between Party B and such
            Eligible
            Replacement to enter into a Replacement Transaction (assuming that all
            Transactions hereunder become Terminated Transactions), and (ii) that
            constitutes an offer by such Eligible Replacement to replace Party A
            as the
            counterparty to this Agreement or enter a Replacement Transaction that
            will
            become legally binding upon such Eligible Replacement upon acceptance
            by Party
            B, and (B) with respect to an Eligible Guarantor, an offer by such Eligible
            Guarantor to provide an Eligible Guarantee that will become legally binding
            upon
            such Eligible Guarantor upon acceptance by the offeree.

          

          “Moody’s”
            means
            Moody’s Investors Service, Inc., or any successor thereto. 

          

          “Moody’s
            First Trigger Ratings Event” means
            that no
            Relevant Entity has credit ratings from Moody’s at least equal to the Moody’s
            First Trigger Ratings Threshold. 

          

          “Moody’s
            First Trigger Ratings Threshold” means,
            with respect to Party A, the guarantor under an Eligible Guarantee or
            an
            Eligible Replacement, (i) if such entity has a short-term unsecured and
            unsubordinated debt rating from Moody’s, a long-term unsecured and
            unsubordinated debt rating or counterparty rating from Moody’s of “A2” and a
            short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”,
            or (ii) if such entity does not have a short-term unsecured and unsubordinated
            debt rating or counterparty rating from Moody’s, a long-term unsecured and
            unsubordinated debt rating or counterparty rating from Moody’s of
“A1”.

          

          “Moody’s
            Second Trigger Ratings Event” means
            that no
            Relevant Entity has credit ratings from Moody’s at least equal to the Moody’s
            Second Trigger Ratings Threshold. 

          

          “Moody’s
            Second Trigger Ratings Threshold” means,
            with respect to Party A, the guarantor under an Eligible Guarantee or
            an
            Eligible Replacement, (i) if such entity has a short-term unsecured and
            unsubordinated debt rating from Moody’s, a long-term unsecured and
            unsubordinated debt rating or counterparty rating from Moody’s of “A3” and a
            short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”,
            or (ii) if such entity does not have a short-term unsecured and unsubordinated
            debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating
            or counterparty rating from Moody’s of “A3”.

          

          “Permitted
            Transfer” means
            a
            transfer by novation by Party A pursuant to Section 6(b)(ii), Part 5(d),
            the
            Item 1115 Agreement, Part
            5(b)(v), or the second sentence of Section 7 (as amended herein) to a
            transferee
            (the “Transferee”)
            of all,
            but not less than all, of Party A’s rights, liabilities, duties and obligations
            under this Agreement, with
            respect to which transfer each of the following conditions is
            satisfied:
            (a) the
            Transferee is an Eligible Replacement; (b) Party A and the Transferee
            are both
“dealers in notional principal contracts” within the meaning of Treasury
            regulations section 1.1001-4 (in each case as certified by such entity);
            (c) as
            of the date of such transfer the Transferee would not be required to
            withhold or
            deduct on account of Tax from any payments under this Agreement or would
            be
            required to gross up for such Tax under Section 2(d)(i)(4); (d) an Event
            of
            Default or Termination Event would not occur as a result of such transfer;
            (e)
            pursuant to a written instrument (the “Transfer
            Agreement”),
            the
            Transferee acquires and assumes all rights and obligations of Party A
            under the
            Agreement and the relevant Transaction; (f) Party B shall have determined,
            in
            its sole discretion, acting in a commercially reasonable manner, that
            such
            Transfer Agreement is effective to transfer to the Transferee all, but
            not less
            than all, of Party A’s rights and obligations under the Agreement and all
            relevant Transactions; (g) Party A will be responsible for any costs
            or expenses
            incurred in connection with such transfer (including any replacement
            cost of
            entering into a replacement transaction); (h) either (A) Moody’s has been given
            prior written notice of such transfer and the Rating Agency Condition
            is
            satisfied with respect to S&P or (B) each Swap Rating Agency has been given
            prior written notice of such transfer and such transfer is in connection
            with
            the assignment and assumption of this Agreement without modification
            of its
            terms, other than party names, dates relevant to the effective date of
            such
            transfer, tax representations (provided that the representations in Part
            2(a)(i)
            are not modified) and any other representations regarding the status
            of the
            substitute counterparty of the type included in Part 5(b)(iv), Part 5(v)(i)(2)
            or Part 5(v)(ii), notice information and account details; and (i) such
            transfer
            otherwise complies with the terms of the Pooling and Servicing
            Agreement.

          

            Reference
              Numbers: FXNCC9218, FXNCC9219, FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223,
              FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238,
              FXNCC9239 and FXNSC9240. 

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

          

          “Rating
            Agency Condition”
            means,
            with respect to any particular proposed act or omission to act hereunder
            and
            each Swap Rating Agency specified in connection with such proposed act
            or
            omission, that the party acting or failing to act must consult with each
            of the
            specified Swap Rating Agencies and receive from each such Swap Rating
            Agency a
            prior written confirmation that the proposed action or inaction would
            not cause
            a downgrade or withdrawal of the then-current rating of any Certificates
            or
            Notes.

          

          “Relevant
            Entity” means
            Party A and, to the extent applicable, a guarantor under an Eligible
            Guarantee.

          

          “Replacement
            Transaction”
            means,
            with respect to any Terminated Transaction or group of Terminated Transactions,
            a transaction or group of transactions that (i) would have the effect
            of
            preserving for Party B the economic equivalent of any payment or delivery
            (whether the underlying obligation was absolute or contingent and assuming
            the
            satisfaction of each applicable condition precedent) by the parties under
            Section 2(a)(i) in respect of such Terminated Transaction or group of
            Terminated
            Transactions that would, but for the occurrence of the relevant Early
            Termination Date, have been required after that Date, and (ii) has terms
            which
            are substantially the same as this Agreement, including, without limitation,
            rating triggers, Regulation AB compliance, and credit support documentation,
            save for the exclusion of provisions relating to Transactions that are
            not
            Terminated Transaction, as determined by Party B in its sole discretion,
            acting
            in a commercially reasonable manner.

          

          “Required
            Ratings Downgrade Event”
            means
            that no Relevant Entity has credit ratings at least equal to the Required
            Ratings Threshold. For purposes of determining whether a Required Ratings
            Downgrade Event has occurred, each Relevant Entity shall provide its
            credit
            ratings to Party B in writing, upon request of Party B.

          

          “Required
            Ratings Threshold” means
            each of the S&P Required Ratings Threshold and the Moody’s Second Trigger
            Ratings Threshold.

          

          “S&P”
            means
            Standard & Poor's Rating Services, a division of The McGraw-Hill Companies,
            Inc., or any successor thereto. 

          

          “S&P
            Approved Ratings Downgrade Event”
            means
            that no Relevant Entity has credit ratings at least equal to the S&P
            Approved Ratings Threshold.

          

            Reference
              Numbers: FXNCC9218, FXNCC9219, FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223,
              FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238,
              FXNCC9239 and FXNSC9240. 

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

          “S&P
            Approved Ratings Threshold”
            means,
            with respect to Party A, the guarantor under an Eligible Guarantee or
            an
            Eligible Replacement, a short-term unsecured and unsubordinated debt
            rating from
            S&P of “A-1”, or, if such entity does not have a short-term unsecured and
            unsubordinated debt rating from S&P, a long-term unsecured and
            unsubordinated debt rating or counterparty rating from S&P of
“A+”.

          

          “S&P
            Required Ratings Downgrade Event”
            means
            that no Relevant Entity has credit ratings at least equal to the S&P
            Required Ratings Threshold.

          

          “S&P
            Required Ratings Threshold”
            means,
            with respect to Party A, the guarantor under an Eligible Guarantee or
            an
            Eligible Replacement, a long-term unsecured and unsubordinated debt rating
            or
            counterparty rating from S&P of “BBB-”.

          

          “Swap
            Rating Agencies”
            means,
            with respect to any date of determination, each of S&P and Moody’s, to the
            extent that each such rating agency is then providing a rating for any
            of the
            Impac Secured Assets Trust 2007-1, Impac Secured Assets Corp., Mortgage
            Pass-Through Certificates, Series 2007-1 (the “Certificates”) or any notes
            backed by the Certificates (the “Notes”).

          

           

          

          

          

            Reference
              Numbers: FXNCC9218, FXNCC9219, FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223,
              FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238,
              FXNCC9239 and FXNSC9240. 

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

IN
            WITNESS WHEREOF, the parties have executed this Schedule by their duly
            authorized officers as of the date hereof.

          

          

          BEAR
            STEARNS FINANCIAL PRODUCTS INC.

          

           

          By: 
            _______________________________
Name:
            
Title:
            

          

          

          

          DEUTSCHE
            BANK NATIONAL TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY, BUT SOLELY
            AS
            SUPPLEMENTAL INTEREST TRUST TRUSTEE ON BEHALF OF THE SUPPLEMENTAL INTEREST
            TRUST
            WITH RESPECT TO THE IMPAC SECURED ASSETS TRUST 2007-1, IMPAC SECURED
            ASSETS
            CORP., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-1. 

          

          
             

            By: 
              _______________________________
Name:
              
Title:
              

          

           

          

          

          Agreed
            to
            by:

          

          Impac
            Mortgage Holdings, Inc., solely with respect to its rights
            and

          obligations
            under Part 5(w) hereof  

           

          

          By: 
            _______________________________
Name:
Title:

           

          
            Reference
              Numbers: FXNCC9218, FXNCC9219, FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223,
              FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238,
              FXNCC9239 and FXNSC9240. 

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

          Annex
            A

          

          Paragraph
            13 of the Credit Support Annex

          

          

          

          

          

          
            Reference
              Numbers: FXNCC9218, FXNCC9219, FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223,
              FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238,
              FXNCC9239 and FXNSC9240. 

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

          Annex
            B

          

          1115
            Agreement

           

           

           

           

           

           

           

           

          
            Reference
              Numbers: FXNCC9218, FXNCC9219, FXNCC9220, FXNCC9221, FXNCC9222, FXNCC9223,
              FXNCC9224, FXNCC9225, FXNCC9226, FXNCC9227, FXNCC9228, FXNCC9229, FXNCC9238,
              FXNCC9239 and FXNSC9240. 

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

        

        

        EXHIBIT
          N

        

        SERVICING
          CRITERIA TO BE ADDRESSED

        IN
          ASSESSMENT OF COMPLIANCE

        (RMBS
          unless otherwise noted)

        

        

        Where
          there are multiple checks for criteria the attesting party will identify
          in
          their management assertion that they are attesting only to the portion
          of the
          distribution chain they are responsible for in the related transaction
          agreements.

        

        Key: X
          - obligation

        

        
          	
                  Reg
                    AB Reference

                	
                  Servicing
                    Criteria

                	
                  Sub-Servicer

                	
                  Master
                    Servicer

                	
                  Trustee

                
	 	
                  General
                    Servicing Considerations

                	 	 	 
	
                  1122(d)(1)(i)

                	
                  Policies
                    and procedures are instituted to monitor any performance or other
                    triggers
                    and events of default in accordance with the transaction
                    agreements.

                	
                  X

                	
                  X

                	
                  X

                
	
                  1122(d)(1)(ii)

                	
                  If
                    any material servicing activities are outsourced to third parties,
                       policies and procedures are instituted to monitor the third
                    party’s
                    performance and compliance with such servicing activities.

                	
                  To
                    the extent applicable

                	
                  X

                	 
	
                  1122(d)(1)(iii)

                	
                  Any
                    requirements in the transaction agreements to maintain a back-up
                    servicer
                    for the Pool Assets are maintained. 

                	 	 	 
	
                  1122(d)(1)(iv)

                	
                  A
                    fidelity bond and errors and omissions policy is in effect on
                    the party
                    participating in the servicing function throughout the reporting
                    period in
                    the amount of coverage required by and otherwise in accordance
                    with the
                    terms of the transaction agreements. 

                	
                  X

                	
                  X

                	 
	 	
                  Cash
                    Collection and Administration

                	 	 	 
	
                  1122(d)(2)(i)

                	
                  Payments
                    on pool assets are deposited into the appropriate custodial bank
                    accounts
                    and related bank clearing accounts no more than two business
                    days
                    following receipt, or such other number of days specified in
                    the
                    transaction agreements. 

                	
                  X

                	
                  X

                	
                  X

                
	
                  1122(d)(2)(ii)

                	
                  Disbursements
                    made via wire transfer on behalf of an obligor or to an investor
                    are made
                    only by authorized personnel. 

                	
                  X

                	
                  X

                	
                  X

                
	
                  1122(d)(2)(iii)

                	
                  Advances
                    of funds or guarantees regarding collections, cash flows or distributions,
                    and any interest or other fees charged for such advances, are
                    made,
                    reviewed and approved as specified in the transaction agreements.
                    

                	
                  X

                	
                  X

                	 
	
                  1122(d)(2)(iv)

                	
                  The
                    related accounts for the transaction, such as cash reserve accounts
                    or
                    accounts established as a form of over collateralization, are
                    separately
                    maintained (e.g., with respect to commingling of cash) as set
                    forth in the
                    transaction agreements. 

                	
                  X

                	
                  X

                	
                  X

                

        

         

        
          
            
            

          

          
            N-1

            
              

            

          

          
            
            

          

        

         

        
          	
                  1122(d)(2)(v)

                	
                  Each
                    custodial account is maintained at a federally insured depository
                    institution as set forth in the transaction agreements. For purposes
                    of
                    this criterion, “federally insured depository institution” with respect to
                    a foreign financial institution means a foreign financial institution
                    that
                    meets the requirements of Rule 13k-1(b)(1) of the Securities
                    Exchange Act.
                    

                	
                  X

                	
                  X

                	
                  X

                
	
                  1122(d)(2)(vi)

                	
                  Unissued
                    checks are safeguarded so as to prevent unauthorized access.
                    

                	
                  If
                    applicable

                	 	 
	
                  1122(d)(2)(vii)
                    

                	
                  Reconciliations
                    are prepared on a monthly basis for all asset-backed securities
                    related
                    bank accounts, including custodial accounts and related bank
                    clearing
                    accounts. These reconciliations are (A) mathematically accurate;
                    (B)
                    prepared within 30 calendar days after the bank statement cutoff
                    date, or
                    such other number of days specified in the transaction agreements;
                    (C)
                    reviewed and approved by someone other than the person who prepared
                    the
                    reconciliation; and (D) contain explanations for reconciling
                    items. These
                    reconciling items are resolved within 90 calendar days of their
                    original
                    identification, or such other number of days specified in the
                    transaction
                    agreements. 

                	
                  X

                	
                  X

                	
                  X

                
	 	
                  Investor
                    Remittances and Reporting

                	 	 	 
	
                  1122(d)(3)(i)

                	
                  Reports
                    to investors, including those to be filed with the Commission,
                    are
                    maintained in accordance with the transaction agreements and
                    applicable
                    Commission requirements. Specifically, such reports (A) are prepared
                    in
                    accordance with timeframes and other terms set forth in the transaction
                    agreements; (B) provide information calculated in accordance
                    with the
                    terms specified in the transaction agreements; (C) are filed
                    with the
                    Commission as required by its rules and regulations; and (D)
                    agree with
                    investors’ or the trustee’s records as to the total unpaid principal
                    balance and number of Pool Assets serviced by the Sub-Servicer.
                    

                	 	
                  X

                	
                  X

                
	
                  1122(d)(3)(ii)

                	
                  Amounts
                    due to investors are allocated and remitted in accordance with
                    timeframes,
                    distribution priority and other terms set forth in the transaction
                    agreements. 

                	 	
                  X

                	
                  X

                
	
                  1122(d)(3)(iii)

                	
                  Disbursements
                    made to an investor are posted within two business days to the
                    Sub-Servicer’s investor records, or such other number of days specified in
                    the transaction agreements. 

                	 	
                  X

                	
                  X

                
	
                  1122(d)(3)(iv)

                	
                  Amounts
                    remitted to investors per the investor reports agree with cancelled
                    checks, or other form of payment, or custodial bank statements.
                    

                	 	
                  X

                	
                  X

                
	 	
                  Pool
                    Asset Administration

                	 	 	 
	
                  1122(d)(4)(i)
                    

                	
                  Collateral
                    or security on pool assets is maintained as required by the transaction
                    agreements or related pool asset documents. 

                	 	
                  X

                	
                  X

                

        

         

        
          
            
            

          

          
            N-2

            
              

            

          

          
            
            

          

        

         

        
          	
                  1122(d)(4)(ii)

                	
                  Pool
                    assets and related documents are safeguarded as required by the
                    transaction agreements 

                	 	
                  X

                	
                  X

                
	
                  1122(d)(4)(iii)

                	
                  Any
                    additions, removals or substitutions to the asset pool are made,
                    reviewed
                    and approved in accordance with any conditions or requirements
                    in the
                    transaction agreements. 

                	
                  X

                	
                  X

                	
                  X

                
	
                  1122(d)(4)(iv)

                	
                  Payments
                    on pool assets, including any payoffs, made in accordance with
                    the related
                    pool asset documents are posted to the Sub-Servicer’s obligor records
                    maintained no more than two business days after receipt, or such
                    other
                    number of days specified in the transaction agreements, and allocated
                    to
                    principal, interest or other items (e.g., escrow) in accordance
                    with the
                    related pool asset documents. 

                	
                  X

                	 	 
	
                  1122(d)(4)(v)

                	
                  The
                    Sub-Servicer’s records regarding the pool assets agree with the
                    Sub-Servicer’s records with respect to an obligor’s unpaid principal
                    balance. 

                	
                  X

                	 	 
	
                  1122(d)(4)(vi)

                	
                  Changes
                    with respect to the terms or status of an obligor's pool assets
                    (e.g.,
                    loan modifications or re-agings) are made, reviewed and approved
                    by
                    authorized personnel in accordance with the transaction agreements
                    and
                    related pool asset documents. 

                	
                  X

                	
                  X

                	 
	
                  1122(d)(4)(vii)

                	
                  Loss
                    mitigation or recovery actions (e.g., forbearance plans, modifications
                    and
                    deeds in lieu of foreclosure, foreclosures and repossessions,
                    as
                    applicable) are initiated, conducted and concluded in accordance
                    with the
                    timeframes or other requirements established by the transaction
                    agreements. 

                	
                  X

                	
                  X

                	 
	
                  1122(d)(4)(viii)

                	
                  Records
                    documenting collection efforts are maintained during the period
                    a pool
                    asset is delinquent in accordance with the transaction agreements.
                    Such
                    records are maintained on at least a monthly basis, or such other
                    period
                    specified in the transaction agreements, and describe the entity’s
                    activities in monitoring delinquent pool assets including, for
                    example,
                    phone calls, letters and payment rescheduling plans in cases
                    where
                    delinquency is deemed temporary (e.g., illness or unemployment).
                    

                	
                  X

                	 	 
	
                  1122(d)(4)(ix)

                	
                  Adjustments
                    to interest rates or rates of return for pool assets with variable
                    rates
                    are computed based on the related pool asset documents. 

                	
                  X

                	
                  X

                	 
	
                  1122(d)(4)(x)

                	
                  Regarding
                    any funds held in trust for an obligor (such as escrow accounts):
                    (A) such
                    funds are analyzed, in accordance with the obligor’s pool asset documents,
                    on at least an annual basis, or such other period specified in
                    the
                    transaction agreements; (B) interest on such funds is paid, or
                    credited,
                    to obligors in accordance with applicable pool asset documents
                    and state
                    laws; and (C) such funds are returned to the obligor within 30
                    calendar
                    days of full repayment of the related pool assets, or such other
                    number of
                    days specified in the transaction agreements. 

                	
                  X

                	 	 

        

         

        
          
            
            

          

          
            N-3

            
              

            

          

          
            
            

          

        

         

        
          	
                  1122(d)(4)(xi)

                	
                  Payments
                    made on behalf of an obligor (such as tax or insurance payments)
                    are made
                    on or before the related penalty or expiration dates, as indicated
                    on the
                    appropriate bills or notices for such payments, provided that
                    such support
                    has been received by the Sub-Servicer at least 30 calendar days
                    prior to
                    these dates, or such other number of days specified in the transaction
                    agreements. 

                	
                  X

                	 	 
	
                  1122(d)(4)(xii)

                	
                  Any
                    late payment penalties in connection with any payment to be made
                    on behalf
                    of an obligor are paid from the Sub-Servicer’s funds and not charged to
                    the obligor, unless the late payment was due to the obligor’s error or
                    omission. 

                	
                  X

                	 	 
	
                  1122(d)(4)(xiii)

                	
                  Disbursements
                    made on behalf of an obligor are posted within two business days
                    to the
                    obligor’s records maintained by the Sub-Servicer, or such other number
                    of
                    days specified in the transaction agreements. 

                	
                  X

                	 	 
	
                  1122(d)(4)(xiv)
                    

                	
                  Delinquencies,
                    charge-offs and uncollectible accounts are recognized and recorded
                    in
                    accordance with the transaction agreements. 

                	
                  X

                	
                  X

                	 
	
                  1122(d)(4)(xv)

                	
                  Any
                    external enhancement or other support, identified in Item 1114(a)(1)
                    through (3) or Item 1115 of Regulation AB, is maintained as set
                    forth in
                    the transaction agreements. 

                	 	
                  X

                	
                  X

                

        

        

        

        
          
            
              
              

            

            
              N-4

              
                

              

            

            
              
              

            

          

        

        

        EXHIBIT
          O

        

        FORM
          10-D, FORM 8-K AND FORM 10-K

        REPORTING
          RESPONSIBILITY

        

        

        As
          to
          each item described below, the entity indicated as the Responsible Party
          shall
          be primarily responsible for reporting the information to the Trustee pursuant
          to Section 3.25. If the Trustee is indicated below as to any item, then
          the
          Trustee is primarily responsible for obtaining that information.

        

        Under
          Item 1 of Form 10-D: a) items marked “4.02 statement” are required to be
          included in the periodic Distribution Date statement under Section 4.02,
          provided by the Trustee based on information received from the Master Servicer;
          and b) items marked “Form 10-D report” are required to be in the Form 10-D
          report but not the 4.02 statement, provided by the party indicated. Information
          under all other Items of Form 10-D is to be included in the Form 10-D
          report.

        

          

          
            	
                    Form

                  	
                    Item

                  	
                    Description

                  	
                    Responsible
                      Party

                  
	
                    10-D

                  	
                    Must
                      be filed within 15 days of the Distribution Date.

                  
	 	
                    1

                  	
                    Distribution
                      and Pool Performance Information

                  	 
	
                    Item
                      1121(a) - Distribution and Pool Performance
                      Information

                  	 
	
                    (1)
                      Any applicable record dates, accrual dates, determination dates
                      for
                      calculating distributions and actual distribution dates for
                      the
                      distribution period.

                  	
                    4.02
                      statement

                  
	
                    (2)
                      Cash flows received and the sources thereof for distributions,
                      fees and
                      expenses.

                  	
                    4.02
                      statement

                  
	
                    (3)
                      Calculated amounts and distribution of the flow of funds for
                      the period
                      itemized by type and priority of payment, including:

                  	
                    4.02
                      statement

                  
	
                    (i)
                      Fees or expenses accrued and paid, with an identification of
                      the general
                      purpose of such fees and the party receiving such fees or
                      expenses.

                  	
                    4.02
                      statement

                  

          

           

          
            
              
              

            

            
              O-1

              
                

              

            

            
              
              

            

          

          
            	
                    Form

                  	
                    Item

                  	
                    Description

                  	
                    Responsible
                      Party

                  

          

          
            	 	 	
                    (ii)
                      Payments accrued or paid with respect to enhancement or other
                      support
                      identified in Item 1114 of Regulation AB (such as insurance
                      premiums or
                      other enhancement maintenance fees), with an identification
                      of the general
                      purpose of such payments and the party receiving such
                      payments.

                  	
                    4.02
                      statement

                  
	
                    (iii)
                      Principal, interest and other distributions accrued and paid
                      on the
                      asset-backed securities by type and by class or series and
                      any principal
                      or interest shortfalls or carryovers.

                  	
                    4.02
                      statement

                  
	
                    (iv)
                      The amount of excess cash flow or excess spread and the disposition
                      of
                      excess cash flow.

                  	
                    4.02
                      statement

                  
	
                    (4)
                      Beginning and ending principal balances of the asset-backed
                      securities.

                  	
                    4.02
                      statement

                  
	
                    (5)
                      Interest rates applicable to the pool assets and the asset-backed
                      securities, as applicable. Consider providing interest rate
                      information
                      for pool assets in appropriate distributional groups or incremental
                      ranges.

                  	
                    4.02
                      statement

                  
	
                    (6)
                      Beginning and ending balances of transaction accounts, such
                      as reserve
                      accounts, and material account activity during the period.

                  	
                    4.02
                      statement

                  
	
                    (7)
                      Any amounts drawn on any credit enhancement or other support
                      identified in
                      Item 1114 of Regulation AB, as applicable, and the amount of
                      coverage
                      remaining under any such enhancement, if known and
                      applicable.

                  	
                    4.02
                      statement

                  
	
                    (8)
                      Number and amount of pool assets at the beginning and ending
                      of each
                      period, and updated pool composition information, such as weighted
                      average
                      coupon, weighted average life, weighted average remaining term,
                      pool
                      factors and prepayment amounts.

                  	
                    4.02
                      statement

                     

                    Updated
                      pool composition information fields to be as specified by Depositor
                      from
                      time to time

                  
	
                    (9)
                      Delinquency and loss information for the period. 

                     

                    In
                      addition, describe any material changes to the information
                      specified in
                      Item 1100(b)(5) of Regulation AB regarding the pool
                      assets.

                  	
                    4.02
                      statement.

                     

                     

                    Form
                      10-D report: Depositor

                  
	
                    (10)
                      Information on the amount, terms and general purpose of any
                      advances made
                      or reimbursed during the period, including the general use
                      of funds
                      advanced and the general source of funds for
                      reimbursements.

                  	
                    4.02
                      statement

                  

          

           

          
            
              
              

            

            
              O-2

              
                

              

            

            
              
              

            

          

          

            
              	
                      Form

                    	
                      Item

                    	
                      Description

                    	
                      Responsible
                        Party

                    

            

          

          
            	 	 	
                    (11)
                      Any material modifications, extensions or waivers to pool asset
                      terms,
                      fees, penalties or payments during the distribution period
                      or that have
                      cumulatively become material over time.

                  	
                    Form
                      10-D report; Sub-Servicer

                  
	
                    (12)
                      Material breaches of pool asset representations or warranties
                      or
                      transaction covenants.

                  	
                    Form
                      10-D report: Sub-Servicer

                  
	
                    (13)
                      Information on ratio, coverage or other tests used for determining
                      any
                      early amortization, liquidation or other performance trigger
                      and whether
                      the trigger was met.

                  	
                    4.02
                      statement

                  
	
                    (14)
                      Information regarding any new issuance of asset-backed securities
                      backed
                      by the same asset pool, 

                    [information
                      regarding] any pool asset changes (other than in connection
                      with a pool
                      asset converting into cash in accordance with its terms), such
                      as
                      additions or removals in connection with a prefunding or revolving
                      period
                      and pool asset substitutions and repurchases (and purchase
                      rates, if
                      applicable), and cash flows available for future purchases,
                      such as the
                      balances of any prefunding or revolving accounts, if
                      applicable.

                    Disclose
                      any material changes in the solicitation, credit-granting,
                      underwriting,
                      origination, acquisition or pool selection criteria or procedures,
                      as
                      applicable, used to originate, acquire or select the new pool
                      assets.

                  	
                    Form
                      10-D report: Depositor

                     

                    Form
                      10-D report: Depositor

                     

                     

                     

                     

                    Form
                      10-D report: Depositor

                  
	
                    Item
                      1121(b) - Pre-Funding or Revolving Period Information

                    Updated
                      pool information as required under Item 1121(b).

                  	
                    Depositor

                  
	
                    2

                  	
                    Legal
                      Proceedings

                  	 

          

           

          
            
              
              

            

            
              O-3

              
                

              

            

            
              
              

            

          

           

          
            	
                    Form

                  	
                    Item

                  	
                    Description

                  	
                    Responsible
                      Party

                  

          

          
            	 	 	
                    Item
                      1117 - Legal proceedings pending against the following entities,
                      or their
                      respective property, that is material to Certificateholders,
                      inc luding
                      proceedings known to be contemplated by governmental
                      authorities:

                    Seller

                    Depositor

                    Trustee

                    Trustee

                    Issuing
                      entity

                    Master
                      Servicer

                    Originator
                      

                  	
                     

                     

                     

                    Seller

                    Depositor

                    Trustee

                    Trustee

                    Depositor

                    Master
                      Servicer

                    Originator

                  
	
                    3

                  	
                    Sales
                      of Securities and Use of Proceeds

                  	 
	
                    Information
                      from Item 2(a) of Part II of Form 10-Q:

                     

                    With
                      respect to any sale of securities by the sponsor, depositor
                      or issuing
                      entity, that are backed by the same asset pool or are otherwise
                      issued by
                      the issuing entity, whether or not registered, provide the
                      sales and use
                      of proceeds information in Item 701 of Regulation S-K. Pricing
                      information
                      can be omitted if securities were not registered.

                  	
                     

                     

                     

                    Depositor

                  
	
                    4

                  	
                    Defaults
                      Upon Senior Securities

                  	 
	
                    Information
                      from Item 3 of Part II of Form 10-Q:

                     

                    Report
                      the occurrence of any Event of Default (after expiration of
                      any grace
                      period and provision of any required notice)

                  	
                     

                     

                     

                    N/A

                  
	
                    5

                  	
                    Submission
                      of Matters to a Vote of Security Holders

                  	 
	
                    Information
                      from Item 4 of Part II of Form 10-Q

                  	
                    Trustee

                  
	
                    6

                  	
                    Significant
                      Obligors of Pool Assets

                  	 
	
                    Item
                      1112(b) - Significant
                      Obligor Financial Information*

                  	
                    N/A

                  
	
                    *This
                      information need only be reported on the Form 10-D for the
                      distribution
                      period in which updated information is required pursuant to
                      the
                      Item.

                  	 
	
                    7

                  	
                    Significant
                      Enhancement Provider Information

                  	 

          

           

          
            
              
              

            

            
              O-4

              
                

              

            

            
              
              

            

          

           

          
            	
                    Form

                  	
                    Item

                  	
                    Description

                  	
                    Responsible
                      Party

                  

          

          
            	 	 	
                    Item
                      1114(b)(2) - Credit Enhancement Provider Financial
                      Information*

                    Determining
                      applicable disclosure threshold

                    Obtaining
                      required financial information or effecting incorporation by
                      reference

                  	
                     

                    N/A

                    N/A

                  
	
                    Item
                      1115(b) - Derivative Counterparty Financial Information*

                    Determining
                      current maximum probable exposure

                    Determining
                      current significance percentage

                    Obtaining
                      required financial information or effecting incorporation by
                      reference

                  	
                    Depositor

                  
	
                    *This
                      information need only be reported on the Form 10-D for the
                      distribution
                      period in which updated information is required pursuant to
                      the
                      Items.

                  	 
	
                    8

                  	
                    Other
                      Information

                  	 
	
                    Disclose
                      any information required to be reported on Form 8-K during
                      the period
                      covered by the Form 10-D but not reported

                  	
                    The
                      Responsible Party for the applicable Form 8-K item as indicated
                      below

                  
	
                    9

                  	
                    Exhibits

                  	 
	
                    Distribution
                      report

                  	
                    Trustee

                  
	
                    Exhibits
                      required by Item 601 of Regulation S-K, such as material
                      agreements

                  	
                    Depositor

                  
	
                    8-K

                  	
                    Must
                      be filed within four business days of an event reportable on
                      Form
                      8-K.

                  
	
                    1.01

                  	
                    Entry
                      into a Material Definitive Agreement

                  	 
	
                    Disclosure
                      is required regarding entry into or amendment of any definitive
                      agreement
                      that is material to the securitization, even if depositor is
                      not a party.
                      

                    Examples:
                      servicing agreement, custodial agreement.

                    Note:
                      disclosure not required as to definitive agreements that are
                      fully
                      disclosed in the prospectus

                  	
                    Depositor

                  
	
                    1.02

                  	
                    Termination
                      of a Material Definitive Agreement

                  	 

          

           

          
            
              
              

            

            
              O-5

              
                

              

            

            
              
              

            

          

           

          
            	
                    Form

                  	
                    Item

                  	
                    Description

                  	
                    Responsible
                      Party

                  

          

          
            	 	 	
                    Disclosure
                      is required regarding termination of any definitive agreement
                      that is
                      material to the securitization (other than expiration in accordance
                      with
                      its terms), even if depositor is not a party.

                    Examples:
                      servicing agreement, custodial agreement.

                  	
                    Depositor

                  
	
                    1.03

                  	
                    Bankruptcy
                      or Receivership

                  	 
	
                    Disclosure
                      is required regarding the bankruptcy or receivership, if known
                      to the
                      Depositor, Sub-Servicer or Trustee, with respect to any of
                      the following:
                      

                    Sponsor
                      (Seller), Depositor, Sub-Servicer, Trustee, Swap Provider,
                      Custodian

                  	
                    Depositor/Sub-Servicer

                  
	
                    2.04

                  	
                    Triggering
                      Events that Accelerate or Increase a Direct Financial Obligation
                      or an
                      Obligation under an Off-Balance Sheet Arrangement

                  	 
	
                    Includes
                      an early amortization, performance trigger or other event,
                      including event
                      of default, that would materially alter the payment priority/distribution
                      of cash flows/amortization schedule.

                    Disclosure
                      will be made of events other than waterfall triggers which
                      are disclosed
                      in the 4.02 statement

                  	
                    N/A

                  
	
                    3.03

                  	
                    Material
                      Modification to Rights of Security Holders

                  	 
	
                    Disclosure
                      is required of any material modification to documents defining
                      the rights
                      of Certificateholders, including the Pooling and Servicing
                      Agreement

                  	
                    Party
                      requesting material modification

                  
	
                    5.03

                  	
                    Amendments
                      to Articles of Incorporation or Bylaws; Change in Fiscal
                      Year

                  	 
	
                    Disclosure
                      is required of any amendment “to the governing documents of the issuing
                      entity”

                  	
                    Depositor

                  
	
                    5.06

                  	
                    Change
                      in Shell Company Status

                  	 
	
                    [Not
                      applicable to ABS issuers]

                  	
                    Depositor

                  
	
                    6.01

                  	
                    ABS
                      Informational and Computational Material

                  	 
	
                    [Not
                      included in reports to be filed under Section 3.25]

                  	
                    Depositor

                  
	
                    6.02

                  	
                    Change
                      of Master Servicer or Trustee

                  	 

          

           

          
            
              
              

            

            
              O-6

              
                

              

            

            
              
              

            

          

           

          
            	
                    Form

                  	
                    Item

                  	
                    Description

                  	
                    Responsible
                      Party

                  

          

          
            	 	 	
                    Requires
                      disclosure of any removal, replacement, substitution or addition
                      of any
                      master servicer, affiliated servicer, other servicer servicing
                      10% or more
                      of pool assets at time of report, other material servicers,
                      certificate
                      administrator or trustee. Reg AB disclosure about any new servicer
                      or
                      trustee is also required.

                  	
                    Trustee
                      or Master Servicer

                  
	
                    6.03

                  	
                    Change
                      in Credit Enhancement or Other External Support

                  	 
	
                    Covers
                      termination of any enhancement in manner other than by its
                      terms, the
                      addition of an enhancement, or a material change in the enhancement
                      provided. Applies to external credit enhancements as well as
                      derivatives.
                      Reg AB disclosure about any new enhancement provider is also
                      required.

                  	
                    Depositor

                  
	
                    6.04

                  	
                    Failure
                      to Make a Required Distribution

                  	
                    Trustee

                  
	
                    6.05

                  	
                    Securities
                      Act Updating Disclosure

                  	 
	
                    If
                      any material pool characteristic differs by 5% or more at the
                      time of
                      issuance of the securities from the description in the final
                      prospectus,
                      provide updated Reg AB disclosure about the actual asset
                      pool.

                  	
                    Depositor

                  
	
                    If
                      there are any new servicers or originators required to be disclosed
                      under
                      Regulation AB as a result of the foregoing, provide the information
                      called
                      for in Items 1108 and 1110 respectively.

                  	
                    Depositor

                  
	
                    7.01

                  	
                    Regulation
                      FD Disclosure

                  	
                    Depositor

                  
	
                    8.01

                  	
                    Other
                      Events

                  	 
	
                    Any
                      event, with respect to which information is not otherwise called
                      for in
                      Form 8-K, that the registrant deems of importance to security
                      holders.

                  	
                    Depositor

                  
	
                    9.01

                  	
                    Financial
                      Statements and Exhibits

                  	
                    The
                      Responsible Party applicable to reportable event

                  
	
                    10-K

                  	
                    Must
                      be filed within 90 days of the fiscal year end for the
                      registrant.

                  
	
                    9B

                  	
                    Other
                      Information

                  	 
	
                    Disclose
                      any information required to be reported on Form 8-K during
                      the fourth
                      quarter covered by the Form 10-K but not reported

                  	
                    The
                      Responsible Party for the applicable Form 8-K item as indicated
                      above

                  

          

           

          
            
              
              

            

            
              O-7

              
                

              

            

            
              
              

            

          

           

          
            	
                    Form

                  	
                    Item

                  	
                    Description

                  	
                    Responsible
                      Party

                  

          

          
            	 	
                    15

                  	
                    Exhibits
                      and Financial Statement Schedules

                  	 
	
                    Item
                      1112(b) - Significant
                      Obligor Financial Information

                  	
                    N/A

                  
	
                    Item
                      1114(b)(2) - Credit Enhancement Provider Financial
                      Information

                    Determining
                      applicable disclosure threshold

                    Obtaining
                      required financial information or effecting incorporation by
                      reference

                  	
                     

                    N/A

                     

                    N/A

                  
	
                    Item
                      1115(b) - Derivative Counterparty Financial Information

                    Determining
                      current maximum
                      probable exposure

                    Determining
                      current significance percentage

                    Obtaining
                      required financial information or effecting incorporation by
                      reference

                  	
                    Depositor

                  
	
                    Item
                      1117
                      -
                      Legal proceedings pending against the following entities, or
                      their
                      respective property, that is material to Certificateholders,
                      including
                      proceedings known to be contemplated by governmental
                      authorities:

                  	 
	
                    Seller

                    Depositor

                    Trustee

                    Issuing
                      entity

                    Master
                      Servicer

                    Originator
                      

                  	
                    Seller

                    Depositor

                    Trustee

                    Issuing
                      entity

                    Master
                      Servicer

                    Originator
                      

                  
	
                    Item
                      1119 - Affiliations and relationships between the following
                      entities, or
                      their respective affiliates, that are material to
                      Certificateholders:

                    Seller

                    Depositor

                    Trustee

                     

                     

                     

                     

                    Issuing
                      entity

                    Master
                      Servicer

                    Originator
                      

                    Credit
                      Enhancer/Support Provider, if any

                    Significant
                      Obligor, if any

                  	
                     

                     

                    Seller

                    Depositor

                    Trustee
                      (only with respect to affiliations with the sponsor, depositor
                      or issuing
                      entity)

                    Issuing
                      entity

                    Master
                      Servicer

                    Originator
                      

                    Depositor

                    Depositor

                  

          

           

          
            
              
              

            

            
              O-8

              
                

              

            

            
              
              

            

          

           

          
            	
                    Form

                  	
                    Item

                  	
                    Description

                  	
                    Responsible
                      Party

                  

          

          
            	 	 	
                    Item
                      1122 - Assessment of Compliance with Servicing
                      Criteria

                  	
                    Each
                      Party participating in the servicing function

                  
	
                    Item
                      1123 -Servicer Compliance Statement

                  	
                    Master
                      Servicer

                  

          

        

        

         

        

        
          
            
              
              

            

            
              O-9

              
                

              

            

            
              
              

            

          

        

        

        EXHIBIT
          P

         

        [RESERVED]

         

        

         

        

         

        

         

        

        
          
            
              
              

            

            
              P-1

              
                

              

            

            
              
              

            

          

        

        

        EXHIBIT
          Q

         

        FORM
          OF
          COUNTRYWIDE SERVICING AGREEMENT

         

        (Provided
          Upon Request)

        

        

        
          
            
              
              

            

            
              Q-1

              
                

              

            

            
              
              

            

          

        

        

        EXHIBIT
          R

        

        FORM
          OF
          ITEM 1115 AGREEMENT

        

        

        

         

         

         

        
          
            
            

          

          
            R-1

            
              

            

          

          
            
            

          

        

      

    

     

    

      ITEM
        1115
        AGREEMENT

       

      Item
        1115
        Agreement (this “Agreement”), dated as of February 22, 2007, among Impac Funding
        Corporation (the “Sponsor”), Impac
        Secured Assets Corp.,
        (the
“Depositor”), and Bear Stearns Financial Products Inc. (the “Derivative
        Provider”).

       

      RECITALS

       

      WHEREAS,
        the Depositor has filed a Registration Statement on Form S-3 (the “Registration
        Statement”) with the U.S. Securities and Exchange Commission (the “Commission”)
        for purposes of offering mortgage-backed or asset-backed notes and/or
        certificates (the “Securities”) through special purpose vehicles (each, an
“Issuing Entity”);

       

      WHEREAS,
        from time to time, on or prior to the closing date of a securitization (the
        “Closing Date”) pursuant to which Securities are offered (each, a
“Securitization”), the Derivative Provider may enter into certain derivative
        agreements with respect to such Securitization with the Issuing Entity (or
        a
        trustee or securities or swap administrator or other person acting in a similar
        capacity in connection with such Securitization (each, an “Administrator”)), or
        with the Sponsor or an affiliate of the Sponsor whereby such derivative
        agreements are assigned to the Issuing Entity or Administrator (each, in
        either
        case, a “Derivative Agreement”);

       

      WHEREAS,
        the Derivative Provider agrees and acknowledges that the Sponsor and Depositor
        are required under Regulation AB (as defined herein) to disclose certain
        financial data and/or financial statements with respect to the Derivative
        Provider, depending on the applicable “significance percentage” for each
        Derivative Agreement as calculated from time to time in accordance with Item
        1115 of Regulation AB;

       

      WHEREAS,
        the Sponsor, on behalf of itself and each Issuing Entity through which it
        effects Securitizations, the Depositor and the Derivative Provider, desire
        to
        set forth certain rights and obligations with regard to financial data and/or
        financial statements and other information which the Sponsor, the Issuing
        Entity
        and Depositor may be required to disclose in accordance with Regulation AB
        (as
        defined herein) and certain related matters.

       

      NOW,
        THEREFORE, in consideration of the mutual agreements set forth herein and
        for
        other good and valuable consideration the receipt and adequacy of which is
        hereby acknowledged, the parties hereby agree as follows:

      

        
          	
                  Section
                    1.

                	
                  Application
                    and Definitions.

                

        

         

      

      
        	 	
                (a)

              	
                Application.
                  This Agreement shall apply to each Derivative Agreement entered
                  into on or
                  after the date hereof.

              

      

       

      
        	 	
                (b)

              	
                Definitions.

              

      

       

      Additional
        Termination Event:
        With
        respect to any Derivative Agreement, as defined in the related Master Agreement,
        where the terms hereof are incorporated by reference in such Derivative
        Agreement. 

       

      Affected
        Party:
        With
        respect to any Derivative Agreement, as defined in the related Master Agreement.
        

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Business
        Day:
        Any day
        other than a Saturday, a Sunday or any day on which banking institutions
        in the
        states where the parties are located are authorized or obligated by law,
        executive order or government decree to be closed.

       

      Company
        Information:
        As
        defined in Addendum A.

       

      Company
        Financial Information:
        With
        respect to each Securitization, the financial data described in and in
        accordance with Item 1115(b)(1) of Regulation AB or the financial statements
        described in and in accordance with Item 1115(b)(2) of Regulation AB, in
        either
        case with respect to the Derivative Provider providing derivative instruments
        to
        the related Issuing Entity and/or Administrator.

       

      Derivative
        Disclosure Event:
        As
        defined in Section 2(b)(ii). 

       

      GAAP:
        As
        defined in Section 3(a)(ii).

       

      Exchange
        Act:
        The
        Securities Exchange Act of 1934, as amended, and the rules and regulations
        promulgated thereunder.

       

      Exchange
        Act Reports:
        With
        respect to an Issuing Entity, all Distribution Reports on Form 10-D, Current
        Reports on Form 8-K and Annual Reports on Form 10-K and any amendments thereto,
        required to be filed by such Issuing Entity or the Depositor with respect
        to such Issuing Entity pursuant to the Exchange Act.

       

      Free
        Writing Prospectus:
        With
        respect to each Securitization, the free writing prospectus or prospectuses
        prepared in connection with the public offering and sale of the related
        Securities and used to price such Securities.

       

      Master
        Agreement:
        With
        respect to any Derivative Agreement, the ISDA Master Agreement referenced
        in
        such Derivative Agreement, together with any Schedule, Credit Support Annex
        and
        Confirmations forming a part thereof or incorporated therein by reference,
        or,
        if no such ISDA Master Agreement exists, the ISDA Master Agreement deemed
        to
        apply to such Derivative Agreement pursuant to its terms, together with any
        Schedule, Credit Support Annex and Confirmations deemed to form a part thereof
        or to be incorporated therein by reference.

       

      Prospectus
        Supplement:
        With
        respect to each Securitization, the prospectus supplement prepared in connection
        with the public offering and sale of the related Securities.

       

      Regulation
        AB:
        Subpart
        229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R.
§§229.1100-229.1123, as such may be amended from time to time, and subject
        to
        such clarification and interpretation as have been provided by the Commission
        in
        the adopting release (Asset-Backed Securities, Securities Act Release No.
        33-8518, 70 Fed. Reg. 1,506, 1,531 (Jan. 7, 2005)) or by the staff of the
        Commission, or as may be provided by the Commission or its staff from time
        to
        time.

       

      Securities
        Act:
        The
        Securities Act of 1933, as amended, and the rules and regulations promulgated
        thereunder.

      

        
          	
                  Section
                    2.

                	
                  Information
                    to be Provided by the Derivative
                    Provider.

                

        

         

      

      
        	 	
                (a)

              	
                Prior
                  to printing the Free Writing Prospectus and/or Prospectus Supplement
                  relating to each Securitization, the Derivative Provider, at its
                  own
                  expense, shall: 

              

      

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      
        	 	
                (i)

              	
                provide
                  to the Depositor the following information and such other information
                  as
                  is reasonably requested by the Depositor for the purpose of compliance
                  with Item 1115(a)(1) of Regulation AB or the Securities Act in
                  respect of
                  such Securitization:

              

      

       

      
        	 	
                (A)

              	
                the
                  Derivative Provider’s legal name (and any
                  d/b/a),

              

      

       

      
        	 	
                (B)

              	
                the
                  organizational form of the Derivative Provider,

              

      

       

      
        	 	
                (C)

              	
                a
                  description of the general character of the business of the Derivative
                  Provider,

              

      

       

      
        	 	
                (D)

              	
                a
                  description of any affiliation or relationship (as set forth in
                  Item 1119
                  of Regulation AB) between the Derivative Provider and any of the
                  following
                  parties:

              

      

       

      
        	 	
                (1)

              	
                any
                  servicer that is not affiliated with the Sponsor (or other person
                  acting
                  in a similar capacity) identified as such in the related Free Writing
                  Prospectus and/or Prospectus
                  Supplement,

              

      

       

      
        	 	
                (2)

              	
                the
                  trustee (or other person acting in a similar capacity) identified
                  as such
                  in the related Free Writing Prospectus and/or Prospectus
                  Supplement,

              

      

       

      
        	 	
                (3)

              	
                any
                  originator identified as such in the related Free Writing Prospectus
                  and/or Prospectus Supplement,

              

      

       

      
        	 	
                (4)

              	
                any
                  enhancement or support provider identified to the Derivative Provider
                  by
                  the Sponsor, and

              

      

       

      
        	 	
                (5)

              	
                any
                  other material Securitization party identified to the Derivative
                  Provider
                  by the Sponsor in writing (including electronic mail);
                  

              

      

       

      
        	 	
                (E)

              	
                information
                  relating to any material legal or governmental proceedings that
                  would
                  affect the Derivative Provider’s ability to perform its obligations under
                  the related Derivative Agreement;
                  and

              

      

       

      
        	 	
                (F)

              	
                any
                  other information that is material or otherwise required for the
                  purpose
                  of compliance with the Securities Act;
                  and

              

      

       

      
        	 	
                (ii)

              	
                if
                  requested by the Depositor in its reasonable discretion for the
                  purpose of
                  compliance with Item 1115(b) of Regulation AB with respect to such
                  Securitization, provide to the Depositor the Company Financial
                  Information
                  described in Item 1115(b)(1) of Regulation AB or Item 1115(b)(2)
                  of
                  Regulation AB (as specified by the
                  Depositor).

              

      

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      
        	 	
                (b)

              	
                Following
                  the Closing Date with respect to each
                  Securitization:

              

      

       

      
        	 	
                (i)

              	
                For
                  the period from the closing date of the related Securitization
                  to December
                  31 of the calendar year in which the closing date of the related
                  Securitization occurs (and any additional period if notified in
                  writing by
                  the Sponsor that the Depositor is required to file Exchange Act
                  reports in
                  respect of the related Issuing entity after such period), the Derivative
                  Provider, at its own expense, shall no later than the 25th
                  calendar day of each month, notify the Depositor in writing of
                  any known
                  material affiliations or relationships that develop following the
                  Closing
                  Date between the Derivative Provider and any of the parties specified
                  in
                  Section 2(a)(i)(D) (and any other parties identified in writing
                  by the
                  Depositor) with respect to such Securitization, and provide to
                  the
                  Depositor a description of such affiliations or
                  relationships;

              

      

       

      
        	 	
                (ii)

              	
                if,
                  on any Business Day for so long as the Depositor is required to
                  file
                  Exchange Act Reports in respect of the related Issuing Entity,
                  the
                  Depositor provides written notice to the Derivative Provider that
                  the
                  “significance percentage” for any Derivative Agreement relating to such
                  Securitization (calculated separately or in the aggregate with
                  other
                  Derivative Agreements for such Securitization, such aggregation
                  as
                  determined by the Depositor in its sole discretion), is (x) 10%
                  or more
                  (but less than 20%) or (y) 20% or more, in each case based on a
                  reasonable
                  good-faith determination by the Depositor of the “significance percentage”
                  in accordance with Item 1115 of Regulation AB (the providing of
                  such
                  notice, a “Derivative Disclosure Event”), the Derivative Provider, at its
                  own expense, shall: 

              

      

       

      
        	 	
                (A)

              	
                provide
                  to the Depositor the Company Financial Information described in
                  and in
                  accordance with (x) Item 1115(b)(1) of Regulation AB or (y) Item
                  1115(b)(2) of Regulation AB, respectively,

              

      

       

      
        	 	
                (B)

              	
                with
                  respect to each Derivative Agreement entered into in connection
                  with such
                  Securitization, cause another entity to replace the Derivative
                  Provider as
                  a party to such Derivative Agreement or, if such replacement cannot
                  be
                  effected, to enter into a replacement derivative agreement on terms
                  substantially identical to such Derivative Agreement (as determined
                  by the
                  Depositor in its commercially reasonable discretion), which entity
                  (1)
                  meets or exceeds (or a guarantor, as applicable, for such entity
                  meets or
                  exceeds) any rating agency criteria set forth in, or otherwise
                  applicable
                  to, such Derivative Agreement (as determined by the Depositor in
                  its sole
                  discretion), (2) has entered into an agreement with Sponsor and
                  Depositor
                  substantially in the form of this Agreement, (3) has
                  agreed to comply with the immediately preceding clause (A) and
                  Section
                  2(b)(iii), and
                  (4) has been approved by the Depositor (which approval shall not
                  be
                  unreasonably withheld),

              

      

       

      
        	 	
                (C)

              	
                only
                  if sufficient to satisfy the requirements of Item 1115 of Regulation
                  AB
                  that are applicable to the Derivative Provider as determined by
                  the
                  Depositor in its sole discretion, obtain a guaranty of the Derivative
                  Provider’s obligations under each Derivative Agreement entered into in
                  connection with the Securitization from an affiliate of the Derivative
                  Provider, which affiliate (1) meets or exceeds any rating agency
                  criteria
                  set forth in, or otherwise applicable to, such Derivative Agreement
                  (as
                  determined by the Depositor in its commercially reasonable discretion),
                  (2) has entered into an agreement with the Sponsor and Depositor
                  substantially in the form of this Agreement, (3) has agreed to
                  comply with
                  the immediately preceding clause (A) and Section 2(b)(iii) and
                  (4) has
                  been approved by the Depositor (which approval shall not be unreasonably
                  withheld), or

              

      

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      
        	 	
                (D)

              	
                only
                  if sufficient to satisfy the requirements of Item 1115 of Regulation
                  AB
                  that are applicable to the Derivative Provider as determined by
                  the
                  Depositor in its commercially reasonable discretion, post collateral
                  in an
                  amount sufficient to reduce the “significance percentage” for purposes of
                  Item 1115 of Regulation AB with respect to any Derivative Agreement
                  relating to such Securitization, calculated separately or in the
                  aggregate
                  with other Derivative Agreements for such Securitization (1) to
                  5% if the
                  Depositor has notified the Derivative Provider that the “significance
                  percentage” is 10% or more (but less than 20%) or (2) to 15% if the
                  Depositor has notified the Derivative Provider that the “significance
                  percentage” is 20% or more; and

              

      

       

      
        	 	
                (iii)

              	
                if
                  the Derivative Provider has provided Company Financial Information
                  to the
                  Depositor pursuant to Section 2(a)(ii) or Section 2(b)(ii), the
                  Derivate
                  Provider, at its own expense, shall within five (5) days of the
                  release of
                  any updated Company Financial Information, provide to the Depositor
                  such
                  updated Company Financial Information if such update is released
                  (A)
                  during the period from the closing date of the related Securitization
                  to
                  December 31 of the calendar year in which the closing date of the
                  related
                  Securitization occurs (and any additional period if notified in
                  writing by
                  the Sponsor that the Depositor is required to file Exchange Act
                  Reports in
                  respect of the related Issuing Entity after such period) and (B)
                  when the
                  “significance percentage” for any Derivative Agreement relating to such
                  Securitization (calculated separately or in the aggregate with
                  other
                  Derivative Agreements for such Securitization) is (x) 10% or more
                  (but
                  less than 20%) or (y) 20% or more, in each case based on a reasonable
                  good-faith determination by the Depositor of the significance percentage
                  in accordance with Item 1115 of Regulation AB.

              

      

       

      
        	 	
                (iv)

              	
                In
                  no event shall the Derivative Provider be required to calculate
                  the
                  “significance percentage” for purposes of this
                  Agreement.

              

      

       

      
        	 	
                (c)

              	
                The
                  Derivative Provider shall provide any Company Financial Information
                  provided pursuant to this Section 2 in Microsoft Word® format, Microsoft
                  Excel® format or another format suitable for conversion to the format
                  required for filing by the Depositor with the Commission via the
                  Electronic Data Gathering and Retrieval System (EDGAR) (for avoidance
                  of
                  doubt, Company Financial Information shall not be provided in .pdf
                  format); alternatively, if permitted by Regulation AB (as determined
                  by
                  the Sponsor in its sole discretion), the Derivative Provider may
                  provide
                  such Company Financial Information by providing to the Depositor
                  written
                  consent to incorporate by reference in Exchange Act Reports of
                  the
                  Depositor such Company Financial Information from reports filed
                  by the
                  Derivative Provider pursuant to the Exchange Act. In addition,
                  the
                  Derivative Provider shall also provide Company Financial Information
                  provided pursuant to Section 2(a)(ii) in a format appropriate for
                  use in
                  the related Free Writing Prospectus and Prospectus Supplement.
                  If required
                  under the Securities Act as determined by the Depositor after consultation
                  with counsel, the Derivative Provider shall cause its outside accounting
                  firm to provide to the Depositor such accounting firm’s written consent to
                  the filing or incorporation by reference in the Exchange Act Reports
                  of
                  the Depositor of such accounting firm’s report relating to its audits of
                  such Company Financial Information.

              

      

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

      
        	
                Section
                  3.

              	
                Representations
                  and Warranties of the Derivative
                  Provider.

              

      

       

      The
        Derivative Provider represents and warrants to the Depositor that:

       

      (1) that
        the
        information provided pursuant to Section 2(a) is true and correct in all
        material respects and does not omit to state a material fact required to
        be
        stated therein or necessary in order to make the statements therein, in the
        light of the circumstances under which they were made, not
        misleading;

       

      (2) as
        of the
        date on which the Derivative Provider first provides Company Financial
        Information to the Depositor under Section 2(a)(ii), Section 2(b)(ii) or
        Section
        2(b)(iii), that, except as disclosed in writing to the Depositor prior to
        such
        date: 

       

      
        	 	
                (a)

              	
                the
                  outside accounting firm that certifies the financial statements
                  and
                  supporting schedules included in Company Financial Information,
                  or which
                  provides a procedures letter with respect to such Company Financial
                  Information, (as applicable) is an independent registered public
                  accounting firm as required by the Securities
                  Act;

              

      

       

      
        	 	
                (b)

              	
                the
                  selected financial data and summary financial information included
                  in the
                  Company Financial Information present fairly the information shown
                  therein
                  and have been compiled on a basis consistent with that of the audited
                  financial statements of the Derivative
                  Provider;

              

      

       

      
        	 	
                (c)

              	
                the
                  financial statements included in the Company Financial Information
                  present
                  fairly the consolidated financial position of the Derivative Provider
                  and
                  its consolidated subsidiaries as of the dates indicated and the
                  consolidated results of their operations and cash flows for the
                  periods
                  specified; except as otherwise stated in the Company Financial
                  Information, such financial statements have been prepared in conformity
                  with United States generally accepted accounting principles (“GAAP”)
                  applied on a consistent basis; and the supporting schedules included
                  in
                  the Company Financial Information present fairly in accordance
                  with GAAP
                  the information required to be stated therein; and
                  

              

      

       

      
        	 	
                (d)

              	
                the
                  Company Financial Information and other Company Information included
                  in
                  any Free Writing Prospectus or Prospectus Supplement or referenced
                  via a
                  website link or incorporated by reference in the Registration Statement
                  (including through filing on an Exchange Act Report), at the time
                  they
                  were or hereafter are filed with the Commission, complied in all
                  material
                  respects with the requirements of Item 1115(b) of Regulation AB
                  (in the
                  case of the Company Financial Information), and did not and will
                  not
                  contain an untrue statement of a material fact or omit to state
                  a material
                  fact required to be stated therein or necessary in order to make
                  the
                  statements therein, in the light of the circumstances under which
                  they
                  were made, not misleading.

              

      

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

      
        	
                Section
                  4.

              	
                Third
                  Party Beneficiaries.

              

      

       

      The
        Derivative Provider agrees that the terms of this Agreement shall be
        incorporated by reference into any Derivative Agreement so that each Issuing
        Entity or Administrator that is a party to a Derivative Agreement shall be
        an
        express third party beneficiary of this Agreement. 

       

      
        	
                Section
                  5.

              	
                Indemnification.

              

      

       

      The
        Derivative Provider indemnification set forth in Addendum A hereto is
        incorporated by reference herein.

       

      
        	
                Section
                  6.

              	
                Additional
                  Termination Events.

              

      

       

      
        	 	
                (a)

              	
                (i)
                  Any breach by the Derivative Provider of a representation or warranty
                  set
                  forth in Section 3 to the extent made as of a date prior to a Closing
                  Date, which is not cured by such Closing Date (or, in the case
                  of
                  information required under Section 2(a), the date of printing of
                  the Free
                  Writing Prospectus or Prospectus Supplement, as applicable), or
                  (ii) any
                  breach by the Derivative Provider of a representation or warranty
                  pursuant
                  to Section 3 to the extent made as of a date subsequent to such
                  Closing
                  Date, or (iii) any failure by the Derivative Provider to comply
                  with the
                  requirements of Section 2(a), Section 2(b)(ii) or so much of Section
                  2(b)(iii) as relates to Section 2(a) or 2(b)(ii), shall constitute
                  an
                  Additional Termination Event under each Derivative Agreement, entered
                  into
                  in connection with the related Securitization with respect to which
                  the
                  Derivative Provider shall be the sole Affected Party.
                  

              

      

       

      
        	 	
                (b)

              	
                Any
                  failure of the Derivative Provider to satisfy the requirements
                  of Section
                  2(b)(ii) within ten (10) calendar days of any Derivative Disclosure
                  Event
                  shall constitute an Additional Termination Event under each Derivative
                  Agreement entered into in connection with the related Securitization,
                  which respect to which the Derivative Provider shall be the sole
                  Affected
                  Party. 

              

      

       

      
        	 	
                (c)

              	
                Following
                  a termination of a Derivative Agreement resulting from an Additional
                  Termination Event set forth in this Section 6, a termination payment
                  (if
                  any) shall be payable under such Derivative Agreement by the applicable
                  party as determined under the related Derivative Agreement.
                  

              

      

       

      
        	 	
                (d)

              	
                In
                  the event that a replacement entity or replacement derivative agreement
                  has been secured in accordance with Section 2(b)(ii)(B), or a guarantor
                  has been secured in accordance with Section 2(b)(ii)(C), the Derivative
                  Provider shall promptly reimburse the Issuing Entity for all reasonable
                  incidental expenses incurred by the Issuing Entity in connection
                  with the
                  replacement of the Derivative Provider or Derivative Agreement
                  or addition
                  of such guarantor. The provisions of this paragraph shall not limit
                  whatever rights the Issuing Entity may have under other provisions
                  of this
                  Agreement or otherwise, whether in equity or at law, such as an
                  action for
                  damages, specific performance or injunctive
                  relief.

              

      

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

       

      
        	
                Section
                  7.

              	
                Miscellaneous.

              

      

       

      
        	 	
                (a)

              	
                Construction.
                  Throughout this Agreement, as the context requires, (i) the singular
                  tense
                  and number includes the plural, and the plural tense and number
                  includes
                  the singular, (ii) the past tense includes the present, and the
                  present
                  tense includes the past, and (iii) references to parties, sections,
                  schedules, and exhibits mean the parties, sections, schedules,
                  and
                  exhibits of and to this Agreement. The section headings in this
                  Agreement
                  are inserted only as a matter of convenience, and in no way define,
                  limit,
                  extend, or interpret the scope of this Agreement or of any particular
                  section. 

              

      

       

      
        	 	
                (b)

              	
                Assignment.
                  No party to this Agreement may assign its rights under this Agreement
                  without the prior written consent of the other parties hereto.
                  Subject to
                  the foregoing, this Agreement shall be binding on and inure to
                  the benefit
                  of the parties and their respective successors and permitted assigns.
                  

              

      

       

      
        	 	
                (c)

              	
                Notices.
                  All
                  notices and other communications hereunder will be in writing (including
                  by facsimile) and effective only upon receipt, and, if sent to
                  the
                  Derivative Provider will be mailed or delivered to Bear Stearns
                  Financial
                  Products Inc., 383 Madison Avenue, 36th Floor, New York, New York
                  10179,
                  Attention: DPC Manager, if sent to the Sponsor will be mailed or
                  delivered
                  to Impac Funding Corporation., 19500
                  Jamboree Road, Irvine, California 92612,
                  and if sent to the Depositor will be mailed or delivered to Impac
                  Secured Assets Corp.,
                  19500 Jamboree Road, Irvine, California 92612. 

              

      

       

      
        	 	
                (d)

              	
                Governing
                  Law. This Agreement shall be governed by and construed in accordance
                  with
                  the internal laws of the State of New York without regard to the
                  conflict
                  of laws principles thereof (other than Sections 5-1401 and 5-1402
                  of the
                  New York General Obligations Law).

              

      

       

      
        	 	
                (e)

              	
                Additional
                  Documents. Each party hereto agrees to execute any and all further
                  documents and writings and to perform such other actions which
                  may be or
                  become necessary or expedient to effectuate and carry out this
                  Agreement.

              

      

       

      
        	 	
                (f)

              	
                Amendment
                  and Waiver. This Agreement may not be modified or amended except
                  by an
                  instrument in writing signed by the parties hereto. No waiver of
                  any
                  provision of this Agreement or of any rights or obligations of
                  any party
                  under this Agreement shall be effective unless in writing and signed
                  by
                  the party or parties waiving compliance, and shall be effective
                  only in
                  the specific instance and for the specific purpose stated in that
                  writing.

              

      

       

      
        	 	
                (g)

              	
                Counterparts.
                  This Agreement may be executed in one or more counterparts, each
                  of which
                  shall be deemed an original, all of which together shall constitute
                  one
                  and the same instrument.

              

      

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

      
        	 	
                (h)

              	
                Severability.
                  Any provision hereof which is prohibited or unenforceable shall
                  be
                  ineffective only to the extent of such prohibition or unenforceability
                  without invalidating the remaining provisions
                  hereof.

              

      

       

      
        	 	
                (i)

              	
                Integration.
                  This Agreement contains the entire understanding of the parties
                  with
                  respect to the subject matter hereof. There are no restrictions,
                  agreements, promises, representations, warranties, covenants or
                  undertakings with respect to the subject matter hereof other than
                  those
                  expressly set forth or referred to herein. This Agreement supersedes
                  all
                  prior agreements and understandings between the parties with respect
                  to
                  its subject matter.

              

      

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the parties hereto have caused their names to be signed
        hereto
        by their respective officers thereunto duly authorized as of the day and
        year
        first above written.

       

      IMPAC
        FUNDING CORPORATION

       

       

      By: 
        ___________________________________

      Name:

      Title:

       

      IMPAC
        SECURED ASSETS CORP.

       

      
         

        By: 
          ___________________________________

        Name:

        Title:

       

      BEAR
        STEARNS FINANCIAL PRODUCTS, INC.

       

      
         

        By: 
          ___________________________________

        Name:

        Title:

      

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

      Addendum
        A

      
 

      Indemnification

       

      (a) The
        Derivative Provider shall indemnify Impac
        Funding Corporation
        (the
“Sponsor”), the Depositor and the Issuing Entity of the relevant Securitization,
        each person responsible for the preparation, execution or filing of any report
        required to be filed with the Commission with respect to such Depositor or
        Issuing Entity, or for execution of a certification pursuant to Rule 13a-14(d)
        or Rule 15d-14(d) under the Exchange Act; each broker dealer acting as
        underwriter, each person who controls any of such parties (within
        the meaning of Section 15 of the Securities Act and Section 20 of the Exchange
        Act);
        and the
        respective present and former directors, officers, employees and agents of
        each
        of the foregoing, and shall hold each of them harmless from and against any
        losses, damages, penalties, fines, forfeitures, legal fees and expenses and
        related costs, judgments, and any other costs, fees and expenses that any
        of
        them may sustain arising out of or based upon:

       

      
        	 	
                (i)

              	
                (A)
                  any untrue statement of a material fact contained or alleged to
                  be
                  contained in any
                  information, report, accountants’ consent or other material
                  provided in written or electronic form under
                  Section 2 of that certain Item 1115 Agreement, dated as of February
                  22,
                  2007, among Impac Funding Corporation, the Depositor and the Derivative
                  Provider (the “Agreement”)
                  by
                  or on behalf of the Derivative Provider or
                  referenced via a website link or incorporated by reference in the
                  Registration Statement (including through filing on an Exchange
                  Act
                  Report) (collectively,
                  the “Company
                  Information”),
                  or (B) the omission or alleged omission to state in the Company
                  Information a material fact required to be stated in the Company
                  Information or necessary in order to make the statements therein,
                  in the
                  light of the circumstances under which they were made, not
                  misleading;

              

      

       

      
        	 	
                (ii)

              	
                any
                  failure by the Derivative Provider to deliver any information,
                  report,
                  certification, accountants’ letter or other material when and as required
                  under Section 2 of the Agreement, other than the information required
                  by
                  Sections 2(a)(ii) and 2(b)(ii) of the Agreement; or
                  

              

      

       

      
        	 	
                (iii)

              	
                any
                  breach by the Derivative Provider of a representation or warranty
                  set
                  forth in Section 3 of the Agreement and made as of a date prior
                  to the
                  Closing Date, to the extent that such breach is not cured by the
                  Closing
                  Date, or any breach by the Derivative Provider of a representation
                  or
                  warranty pursuant to Section 3 to the extent made as of a date
                  subsequent
                  to the Closing Date.

              

      

       

      In
        the
        case of any failure of performance described in clause 2 of this addendum,
        the
        Derivative Provider shall promptly reimburse the Depositor, the Sponsor or
        the
        Issuing Entity, as applicable, and each Person responsible for the preparation,
        execution or filing of any report required to be filed with the Commission
        with
        respect to such Securitization Transaction, or for execution of a certification
        pursuant to Rule 13a-14(d) or Rule 15d-14(d) under the Exchange Act with
        respect
        to such Securitization Transaction, for all costs reasonably incurred by
        each
        such party in order to obtain the information, report, certification,
        accountants’ letter or other material not delivered as required by the
        Derivative Provider. 

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

      

      (b)
        Impac
        Funding Corporation and the Depositor, jointly and severally, shall indemnify
        the Derivative Provider, each person who controls the Derivative Provider
        (within the meaning of Section 15 of the Securities Act and Section 20 of
        the
        Exchange Act); and the respective present and former directors, officers,
        employees and agents of each of the foregoing, and shall hold each of them
        harmless from and against any losses, damages, penalties, fines, forfeitures,
        legal fees and expenses and related costs, judgments, and any other costs,
        fees
        and expenses that any of them may sustain arising out of or based upon (A)
        any
        untrue statement of a material fact contained or alleged to be contained
        in the
        related Free Writing Prospectus or Prospectus Supplement (other than the
        Company
        Information), or (B) the omission or alleged omission to state in related
        Free
        Writing Prospectus or Prospectus Supplement (other than the Company Information)
        a material fact required to be stated in the Free Writing Prospectus or
        Prospectus Supplement or necessary in order to make the statements therein,
        in
        the light of the circumstances under which they were made, not
        misleading.

       

      Capitalized
        terms used and not otherwise defined in this addendum shall have the meanings
        set forth in the Agreement.

       

      
        
          
          

        

        
          12

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